The World of Loan Origination Systems

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Loan origination systems for mortgage firms have recently been evaluated, enhanced and integrated with offerings from other technology service providers.

The 2017 Technology Insights Survey from SRATMOR Group included results data to assess the LOS landscape’s readiness for coming digital mortgages.

According to the report, off-the-shelf LOS systems come up short — with low user satisfaction, and LOS systems are not delivering what they could.


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The World of Loan Origination Systems

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Mortgage Expansion Planned for Bank Merger

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A bank merger that was completed last summer was expected to enable the planned expansion of three business, including the residential lending business.

When KeyCorp acquired First Niagara Financial Group last year, it was expected that around 300 employees would initially be needed to handle all mortgage functions.

That was because Cleveland-based KeyCorp’s home-lending subsidiary, KeyBank Mortgage, outsourced its production and portfolio management to PHH Mortgage.


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Home Purchase Financing to Rise, Refis to Drop

Author:  //  Category: Mortgage

While quarterly and annual mortgage refinance production is expected to tumble, the volume of loans to finance home purchases is predicted to climb.

Originators of residential loans are expected to generate $335 billion in total mortgage originations during the first three months of this year.

Home lending is then expected to leap to $443 billion in the second quarter before retreating to $432 billion in the following three-month period.


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Home Purchase Financing to Rise, Refis to Drop

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Rates Hurt Spring Purchase Financing Outlook

Author:  //  Category: Mortgage

Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.

Thirty-five percent of senior executives at U.S. mortgages bankers think it would be easy for consumers to get a home loan as of the first quarter.

That turned out to be the biggest share of executives since at least the first-quarter 2014, when the share who considered it easy was just 15 percent.


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Rates Hurt Spring Purchase Financing Outlook

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ECOA, Reg B Amendments Proposed

Author:  //  Category: Mortgage

Amendments being proposed to the Equal Credit Opportunity Act and its implementing rule are intended to provide greater clarity for lenders.

The ECOA is a federal civil rights law that is designed to prevent discrimination by providers of consumer credit, including residential lenders.

Regulation B, which is the rule that implements the ECOA, restricts questions about a consumer’s race, color, religion, national origin and sex.


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EZEPO ANNOUNCES FULLY REDESIGNED EMAIL OPT-OUT MANAGEMENT PLATFORM

Author:  //  Category: Mortgage

Stay compliant and save hours every week with a company that adapts to your existing tech

SAN FRANCISCO, CA, USA, March 27, 2017 /EINPresswire.com/ — Managing your email unsubscribe list has been the marketing equivalent of eating your veggies – …

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EZEPO ANNOUNCES FULLY REDESIGNED EMAIL OPT-OUT MANAGEMENT PLATFORM

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Meet and Greet Guide for the Spring 2017 EGM Connect 3D Virtual Tradeshow

Author:  //  Category: Mortgage

We now live in a time where it is possible to have all the modern conveniences without paying any energy bills. Meet the pioneers who help make it happen.

KANSAS CITY, MISSOURI, UNITED STATES OF AMERICA, March 27, 2017 /EINPresswire.com/ — How …

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Meet and Greet Guide for the Spring 2017 EGM Connect 3D Virtual Tradeshow

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Regions Bank and Alamo Lack of Price Disclosure Unfair, Deceptive, and Illegal, FICO Pro and SubscriberWise CEO Says

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FICO Supreme Minister and America’s Child Protection Chancellor Howe provides FTC evidence of unfair pricing by Regions and Alamo ahead of Lee County lawsuit

WASHINGTON , D.C., U.S.A., March 27, 2017 /EINPresswire.com/ — “Yesterday I tweeted …

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ComforceHealth HFMA Region 5 Bronze Sponsor

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ComforceHealth Sponsored the Health Financial Management Association's Dixie Conference

ATLANTA, GEORGIA, UNITED STATES, March 27, 2017 /EINPresswire.com/ — ComforceHealth recently attended the Healthcare Financial Management Association’s ( …

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ComforceHealth HFMA Region 5 Bronze Sponsor

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AdSphere Reports Impressive Growth for DRTV Industry

Author:  //  Category: Mortgage

Surprise study reveals the size of direct response television (DRTV) industry to be many times larger than previously thought.

LOS ANGELES, CALIFORNIA, UNITED STATES, March 27, 2017 /EINPresswire.com/ — DRMetrix, the industry’s leading …

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