This week, fintech company FormFree announced its automated asset verification service, AccountChek, is now available within LendingQB's web-based loan origination software. The integration enables lenders to order AccountChek Asset reports from LendingQB’s verifications dashboard, the company said.
William Glen Sanders pleaded guilty on Friday to a concealment charge and has agreed to cooperate with the Mohave County, Ariz. attorney’s office and testify against Alfredo Blanco, who is charged with the first-degree murder of Realtor Sidney Cranston.
Flagstar Bank announced Tuesday it has signed a definitive agreement to purchase a mortgage warehouse loan portfolio from Santander Bank. As part of the transaction, Flagstar will bring on Santander's existing relationship managers, adding the employees to its warehouse business, the company explained in a release.
Residential lender USA Mortgage has announced the company has transferred ownership from its sole owner, President and CEO Douglas Schukar, to employees in the form of an employee stock ownership plan.
Recently confirmed Federal Reserve Chairman Jerome Powell has reportedly made his first staff moves, naming monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles. Both Faust and Bomfim have previously held roles at the central bank.
Morningstar Inc., the parent company of Morningstar Credit Ratings, announced this week that Brian Grow has been named president of the credit rating agency. He will now oversee the day-to-day operations of Morningstar’s credit ratings business.
A sitting Cook County, Ill. judge is facing removal following a conviction in a $1.4 million fraud scheme. Judge Jessica Arong O'Brien, who was elected to the bench in 2012, was convicted Thursday on two counts of fraud for scamming several different lenders through the purchase of two properties on the city’s South Side prior to becoming a judge.
Data provider ATTOM Data Solutions has acquired Onboard Informatics, a neighborhood data and data-enabled turnkey product provider. Onboard’s neighborhood-focused data will be integrated into ATTOM’s Data Warehouse and the new, combined data will be available through ATTOM’s delivery solutions, including its bulk file licenses, APIs and customized reports.
Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business.
End-to-end digital mortgage solution provider Capsilon announced that Ginger Wilcox, formerly of startup Sindeo, is joining the company as the senior vice president of marketing, where she will lead marketing, brand positioning and growth for the company.
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.