Montana industry appointments update - 10/26/2007

National Mortgage Professional

Oct 25, 2007

MyHomeAssets! Software receives 1003 PA certificationMortgagePress.comPersonal asset reports 1003 The 1003 PA Standards Alliance has awarded MyHomeAssets! Software its 1003 PA certification for producing standard personal asset reports and files for mortgage lenders. "[The certification] ensures that the form produced by our software—and detailing assets that comprise the total personal asset value on the 1003 loan application—is compatible with the rest of the mortgage lending industry," said MyHomeAssets! CEO Mike Grigsby. Bend, Ore.-based MyHomeAssets! Software is a provider of personal asset cataloging and reporting solutions. For more information, call (503) 419-6286 or visit www.myhomeassets.com. The 1003 PA Standards Alliance is a for-profit organization formed to promote a uniform means by which to provide standardized backup documentation for the 1003 loan form for personal asset data. For more information, call (541) 948-9053.

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Oct 25, 2007

Tech

Big Purple Dot 'Hires' ChatGPT

Company integrates AI-powered chatbot with its customer relationship management platform.

An AI-powered chatbot now has a job managing customer relations in the mortgage industry. Big Purple Dot (BPD), an Irvine, Calif.-based provider of customer relationship management (CRM) and recruiting solutions for the mortgage and real estate industries, said Thursday it ...

Regulation and Compliance

CFPB Issues Final Rule For Reporting Small Business Lending Data

The rule could affect mortgage originators who work with property investors.

The Consumer Financial Protection Bureau (CFPB) said Thursday it has issued a final rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. While residential mortgage lenders were alrea...