This report provides an in-depth look at several leading companies in this space, their loan origination products and the underlying trends in the origination marketplace, especially as it applies to credit cards. Special attention is given to the integration of credit origination systems and decision-engine technologies to revolutionize customer service...
MOOREFIELD, W.Va. -- Summit Financial Group, Inc. (NASDAQ: SMMF) today announced that its mortgage origination unit, Summit Mortgage, experienced a 16.4% decline in mortgage origination revenue in second quarter 2006 compared to the same period in 2005, as a result of similar reductions in the levels of mortgage originations. Mortgage...
A contingent fee in the United States or conditional fee in the United Kingdom is any fee for services provided where the fee is only payable if there is a favourable result. In the law, this is the "No win no fee" system. Attorney fees are the costs of legal...
WAYNE, Pa. -- Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that WSFS Bank has extended its relationship with Metavante by licensing its Web-based Loan Origination Studio LOS, Point-of-Sale POS origination systems for Consumer Direct and Wholesale Origination, the Enterprise Reporting System and its...
Mortgage brokers who do not have FHA approval who want to refer FHA business to the bank have approached many banks. Since the brokers want to be paid, they propose to perform origination services for the banks. Such outsourcing arrangements are not permissible if the mortgage broker is not FHA...
CHENNAI, India -- HCL Technologies, a leading IT solutions provider, today announced that it has developed a Loan Origination and Tracking Solution, LOTS, that covers the complete cycle of Loan processing from Loan Pre-Qualification, through Application Origination, Processing, Underwriting, Closure and Servicing / Collections Delinquent Loans and associated features of...
PRINCETON, N.J. -- Crawford Communications Adds AMC-10 Satellite and Direct Distribution Access to All U.S. Cable Headends to its Full Suite of Satellite Delivered Network Origination Services
NEW YORK -- Bear, Stearns & Co. Inc. announced today that it is combining its mortgage origination lending businesses, Bear Stearns Residential Mortgage and Encore Credit, into a single unit under the name Bear Stearns Residential Mortgage Corporation Bear Res. The combination will allow the firm to right-size the business...
DEERFIELD BEACH, Fla. -- Monetrics, Inc., the technology leader in risk decisioning software and solutions, and LeMans, a unit of Fiserv Lending Solutions, a provider of information management systems and services to the financial industry, announce the launch of the most powerful loan origination system LOS in the automotive finance...
STAMFORD, Conn. -- Citibank, through its subsidiary The Student Loan Corporation, a leading originator of student loans, announced today that it will roll out nationally a Federal Stafford Loan with zero government origination fees to undergraduate and graduate students. As a result, students will have the opportunity to see more...
NORWALK, Conn. -- GE Commercial Finance Global Media & Communications today announced that it has named Thomas M. Byrne as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the cable and telecom sectors. Based in New York, NY, Mr. Byrne will...
NORWALK, Conn. -- GE Commercial Finance Global Media & Communications today announced that it has appointed Jeffrey A. Feinberg senior vice president, origination. He will be responsible for originating capital transactions in the middle-market telecommunications sector, with areas of focus including wireless, wireline, cable and towers. Based in New York...
KING OF PRUSSIA, Pa. -- Fireside Bank, one of the nation's largest purchasers of non-prime automobile finance contracts from both new- and used-car dealers, has chosen LeMans, a unit of Fiserv, Inc. (Nasdaq:FISV), to provide the loan origination system LOS for its growing portfolio.
JACKSONVILLE, Fla.--BUSINESS WIRE--Feb. 19, 1998--MortgageFlex Systems, Inc. today announced that Plexus Division of BancTec has been selected to be its workflow and services partner for their mortgage origination and secondary marketing systems.
NORWALK, Conn. -- GE Commercial Finance Global Media & Communications today announced that it has named Scott Webster as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the North American communications sector. Based in Norwalk, Mr. Webster will report to Peter...
As a start-up, a leading loan originator had established a simple origination service for traditional lenders. The client wanted to redesign the loan origination process, systems, and organization to meet current and future demands. PRTM was asked to focus on two areas in the project: for the short-term: provide the...
This tool estimates the Annual Percentage Rate APR for a given loan based on its parameters. In addition to its interest rate, we must also take into account the loan's origination fee, discount points, and all other loan fees in order to calculate the APR of the loan. Mortgage loan...
The Fiserv UniFi Products Group, of Planation, Fla., attributed its strong firstquarter growth in part to having its mortgage origination and Internet products onto the Web. The company attributed the growth to the introduction of LendingLink, its consumer-direct, Internet lending application, and the ongoing success of UniFi PRO, its premier...
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