Optimal Blue teams with Ellie Mae

Nov 01, 2007

Mavent teams with Calyx SoftwareMortgagePress.comMortgage regulatory compliance software Mavent Inc. has teamed with Calyx Software to integrate its Mavent Expert System interface into Calyx Point. Using Calyx WebConnect, the Mavent interface will enable Calyx Point and Calyx Point Data Server users to quickly and accurately review loan data against approximately 300 legislative acts, 200 license types and the rules and regulations of 60 regulatory authorities, as well as the mandated compliance policies of the industry's leading investors. Irvine, Calif.-based Mavent Inc. is a provider of automated compliance solutions for the mortgage industry. For more information, call (888) 628-3681 or visit www.mavent.com. San Jose, Calif.-based Calyx Software is a developer of software designed for Mortgage Brokers and direct lenders. For more information, call (408) 997-5525 or visit www.calyxsoftware.com.

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Nov 01, 2007

Analysis and Data

February Delinquency Rates Remain Historically Low

Most homeowners with a mortgage still able to make their payments on time in February, CoreLogic report shows.

CoreLogic’s latest Loan Performance Insights Report, released Thursday, shows the share of all U.S. mortgages in some stage of delinquency (30 days or more past due, including those in foreclosure) held at 2.8% in February, unchanged from January but a year-over-year decline...

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...