Articles Tagged with ''Wisconsin''

The Comeback Trail

Early in his career, Mike Heid worked for a small mortgage lender that at one point had to sell its furniture to make payroll. “In my...
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Fiserv's Servicing Platform Now Serving Home Affordable Mods

Brookefield, Wis.-based Fiserv upgraded its Loan Servicing Platform to comply with the US Treasury Department’s Home Affordable Modification Program (HMP), the company announced Wednesday. The program sets guidelines for the mortgage industry and may facilitate modifications for as many as 4m troubled homeowners. Fiserv’s software allows servicers to track and study loans to devise the most effective workout strategy.
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New Offering Rounds Out Mortgagebot's Point-of-Sale Platform

Financial institutions are constantly looking to streamline and accelerate their documentation processes, and the market for these software solutions is a competitive one. Mequon, Wis.-based Mortgagebot recently expanded its PowerSite line of software products. Lake Mary, Fla.-based software and services supplier Harland Financial Solutions announced Tuesday it will expand its preferred referral partnership with Mortgagebot to include those new products.
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HOPE NOW Reaches Out; Will Homeowners Catch On?

HOPE NOW, the private sector alliance of mortgage servicers, non-profit counselors, and investors, on Wednesday announced a new campaign targeting homeowners "at serious risk" of foreclosure. The campaign -- called "Reach Out" -- will pair at-risk borrowers with U.S. Department of Housing and Urban Development-certified counseling agencies to "determine options that will best serve their needs."
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Securities Firms Gain Access to Anti-Fraud Tools: Tech Roundup

Wolters Kluwer Financial Services announced Wednesday it had expanded its anti-fraud solutions to securities firms. Previously offered only to banking institutions, the tools will help securities firms with various anti-fraud and regulatory compliance challenges, including identity verification operations, high-risk customer detection, employee and account fraud detection.
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Home Prices Post Surprise Gain in January

Home prices across the U.S. rose a seasonally-adjusted 1.7 percent  from December 2008 to January 2009, according to a monthly index released Tuesday by the Federal Housing Finance Agency (FHFA). The January index marked the first gain overall for the U.S. since February 2008's index, which had risen slightly over January 2008's level.
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Jobless Claims at 27-Year High

Initial unemployment claims rose 36,000 to a seasonally-adjusted 667,000 in the week ended Feb. 21 -- the highest level in 27 years, according to data released Thursday by the U.S. Department of Labor. Initial claims on a seasonally adjusted basis have not been higher since the first week of October, 1982. Initial claims for the third week of February were 95 percent higher than the year-ago level of 342,000.
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