In its latest announcement, Pavaso said it partnered with Gregg & Valby, a Texas-based law firm and technology provider, to integrate the technologies of both companies. The move allows nationwide closing documents to be integrated into the Pavaso Digital Close platform electronically.
Ocwen Financial’s streak of settling with states that previously restricted Ocwen’s ability to acquire new mortgage servicing rights and originate new loans in each state continues. The nonbank disclosed Tuesday that it reached agreements with Arkansas, Tennessee, and the District of Columbia, bringing the total number of states it’s settled with to 20.
The recent hurricanes will do little to bring down economic growth in 2017, however several events could moderate growth in 2018, according to the latest forecast from Fannie Mae. The GSE predicted tax reform poses a positive risk for the new year, and offsets other negative risks looming on the horizon.
East2West Valuation Services announced it named Debbie Key as its new CEO, bringing more than two decades of mortgage experience to the position. Most recently, Key was the senior vice president of operations at Consolidated Analytics, focusing on appraisal management.
Morgan Stanley's earnings beat revenue expectations by nearly $200 million. The company's CEO explained the results reflected the stability that the company's wealth management, investment banking and investment management businesses bring when the sales and trading business faces a subdued environment.
Building on an effort first launched in 2015, the New York Department of Financial Services announced Tuesday that it is cracking down on “unscrupulous practices” in the title insurance business and establishing new rules surrounding kickbacks and the fees that title insurers charge to customers.
As the debate around what tax reform looks like heightens, the Mortgage Bankers Association is jumping in on the conversation, saying that they support the opportunity for comprehensive tax reform. In a letter sent to Congress and the administration, MBA President and CEO David Stevens shares what tax reform looks like to the MBA.
Process transformation enables mortgage companies to rethink, reimagine, and rebuild the way work gets done. When legacy processes are redesigned to accommodate digital solutions such as robotic process automation, analytics, and other innovative applications, the impact of digital has the potential to become increasingly more powerful.
After dropping last month due to the hurricanes, homebuilder confidence is once again on the rise, hitting its highest point since May in October. Homebuilders predict that the new home market will continue to strengthen at a modest rate in the months ahead.
Goldman Sachs reported earnings that not only increased from last quarter and last year, but also beat expectations. Mortgages performed well in the quarter, and even offset a loss from net revenues in other areas such as commodities, interest rate products and credit products.