Tag Archives: Company News

On behalf of the FDIC, First Financial Network, Inc. (FFN) is selling $85 million in loans from the failed NOVA Bank based in Berwyn, Pennsylvania.

Essent Guaranty Inc., a nationwide mortgage insurance (MI) provider headquartered in Pennsylvania, announced Wednesday the availability of its MI eligibility and rate quotes through LoanSifter's MI Best Execution Pricing Platform.

In Maryland, technology development firm IndiSoft has been recognized by SmartCEO magazine for its quick growth and contributions to the Baltimore community in the last three years. IndiSoft was listed among 49 other companies in the January "Future 50" issue of Baltimore SmartCEO.

DocMagic, Inc., a provider of fully-compliant loan document preparation and delivery solutions, announced that its new multi-million dollar technology center is operational.

San Diego-based DataQuick, a technology provider for the lending industry, announced it has adapted its products to meet new industry standards. The company's MindBox decisioning program has assisted lenders in obtaining qualification information for more than 20 years. With the release of the new industry standards from the CFPB, DataQuick is adjusting the product to ensure compliance.

The Mortgage Partnership Finance (MPF) Program, originated in 1997 to assist small financial institutions in selling fixed-rate conforming loans to the secondary market, has experienced rapid growth over the last year. Both the number of financial institutions participating in the program and the number of loans funded through the program grew in 2012, according to a release.

In a joint announcement, KB Home and Nationstar Mortgage LLC announced an agreement to form Home Community Mortgage, LLC, a limited liability company offering a range of mortgage banking services to KB Home customers. As KB Home's preferred lender, Nationstar has served homebuyers on-site in the builder's communities across the country. According to the announcement, Nationstar will remain KB Home's preferred choice until Home Community Mortgage's launch, which is scheduled for the latter half of 2013.

In Michigan, zipLogix, the creator of zipForm, announced the release of a new web conferencing service powered by AnyMeeting.

Kroll Factual Data announced the addition of several product integrations into ISGN's MORvision Plug-In Partner platform.

Caliber Funding and Vericrest Financial have agreed to combine their operations to create one full-service, residential mortgage banking organization offering originations and loan servicing solutions, the companies announced.