Mortgage technology

The customers were affected by an incident involving a Progress Software program used by Sovos Compliance.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.

The development, touted as an industry-first, is the latest move by the government-sponsored enterprises to expand housing opportunities for first-time and underserved homebuyers.

Even though a Compass Point report states the pair have validated the credit scoring model and could implement it in the first quarter of 2023, interested parties would not verify it.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.

Mortgage companies selling loans to the government-sponsored enterprise will be able to use the information for one type of employment check as well as to validate income and assets.