Home » July 31st, 2008
Entries posted on “July, 2008”
Lender?s extensive loan programs now available through pricing and search engine
PORT WASHINGTON, N.Y., July 31, 2008 ? SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Huntington Beach, Calif.-based JMAC, a lender offering diversified product lines and competitive pricing to the wholesale funding market.
Through this partnership, JMAC?s loan products are integrated into SML?s search engine, granting users access to its assortment of prime, FHA and Alt-A. Inclusion on the SML platform speeds up the origination process and enables loan officers to offer a wider variety of products to borrowers.
July 31st, 2008 | Posted in Uncategorized | Read More »
Key Highlights of the Housing and Economic Recovery Act:
July 30th, 2008 | Posted in Uncategorized | Read More »
HOUSTON, July 29, 2008 ? First Houston Mortgage, a mortgage-banking firm licensed in 20 states that offers expertise in every aspect of the residential mortgage lending process, announced the addition of St. Louis-based Mid America Mortgage Consultants, a mortgage lender that serves the entire state of Missouri, as its newest affiliate branch.
As an addition to First Houston, Mid America Mortgage Consultants is provided with full access to First Houston?s enhanced loan pricing, cohesive paperless lending platform, complete in-house underwriting system and its offshore facility in India, which offers additional loan processing support. All of these resources enable Mid America Mortgage Consultants to expand market share by offering its customers more competitive rates, speeding loan closings, expanding product offerings and reducing operating costs.
July 29th, 2008 | Posted in Uncategorized | Read More »
PORT WASHINGTON, N.Y., July 16, 2008 ? SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced it is now offering users of its loan search and pricing engine the ability to identify mortgage insurance products.
The search and pricing engine?s mortgage insurance (MI) feature enables loan officers to locate insurance companies within seconds of any loan search, allowing users to see which MI company will approve the loan and/or whether lender-paid MI is available.
The feature was added to address a challenge that originators face when identifying the loans that include insurance backing. Originators now can enter the loan scenario into the system, obtain the suitable product and programs and click on a ?MI? button to find insurance company matches.
July 16th, 2008 | Posted in Uncategorized | Read More »
Company Release – 07/15/2008 20:52
LA JOLLA, Calif., July 15 /PRNewswire-FirstCall/ — Imperial Capital Bancorp, Inc. (NYSE: IMP) today reported net income for the quarter ended June 30, 2008,
primarily resulting from the operations of its wholly-owned subsidiary, Imperial Capital Bank (the Bank), of$2.4 million or $0.43 per diluted share compared to $6.0
million or $1.08 per diluted share for the same period last year. President and Chief Executive Officer George W. Haligowski stated that: “I’m encouraged by our
second quarter results. We’ve been able to remain profitable throughout this prolonged banking crisis, and have consistently increased our book value per share
and maintained our capital ratios above the ‘well capitalized’ thresholds. During the quarter, we’ve continued to focus on identifying and addressing credit related
matters and maintaining adequate reserves to absorb any inherent losses. As a result, we recorded a provision for loan losses of $6.3 million during the quarter
and increased the ratio of our allowance for loan loss to total loans to 1.73% as compared to 1.51% and 1.38% at December 31, 2007 and June 30, 2007,
respectively.”
Net interest income before provision for loan losses increased 13.5% to $24.8 million for the quarter ended June 30, 2008, compared to $21.8 million for the same
July 15th, 2008 | Posted in Uncategorized | Read More »
?Offers Red Flag Compliance & Solution Guide Free?
First American CREDCO, the leading provider of specialty credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (NASDAQ: FADV), today introduced its all-new Red Flag Solution ? a combination of consumer information solutions to help U.S. lenders and brokers comply with the Red Flags Rule, which went into effect January 1, 2008. As part of a special promotion to educate mortgage professionals and ease the compliance burden, the company is also offering a free copy of First American CREDCO?s Red Flag Compliance & Solution Guide, while supplies last.
First American CREDCO?s Red Flag Solution combines several powerful information tools to help satisfy certain obligations under the new Red Flags Rule. Key components of the Red Flag Solution include:
Fraud Analysis: Provides a window into the quality of loan application data coming in through one or more origination channels.
July 15th, 2008 | Posted in Uncategorized | Read More »
?Instant Merge
July 11th, 2008 | Posted in Uncategorized | Read More »
Demand for seamless integration drives technology firms to team up
SAN DIEGO and IRVINE, CA, July 8, 2008 ? Loan-Score Decisioning Systems, an emerging leader in enterprise-class pricing and automated underwriting solutions, and Del Mar DataTrac
July 8th, 2008 | Posted in Uncategorized | Read More »
- Enables loan officers to search and price loan products directly through LOS system -
PORT WASHINGTON, N.Y., July 2, 2008 ? SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic integration with San Jose, Calif.-based Calyx Software?s Point
July 2nd, 2008 | Posted in Uncategorized | Read More »
This issue marks a momentous occasion for The Niche Report. One year ago this month, The Niche Report circulated for the first time to just over 10,000 mortgage brokers and other real estate finance professionals. When you consider that statistically only 1 out of 10 new magazines exist past their first year in business, we are very proud that The Niche Report has not only survived but grown in size and circulation even in this down economy. We now circulate to over 20,000 with a reach double that size. We made key alliances with business partners which helped us provide you with even more niche lenders and lender programs.
July 2nd, 2008 | Posted in Articles | Read More »
A lot of people don’t...
