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In addition, partner companies are able to retain their own distinctive content and branding throughout the entire loan origination process.
Enterprise Origination Solutions is focused on the delivery of the software, analytics and professional services throughout the originations space.
Its ePASS Web-transaction platform is the industry standard, connecting more than 30,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers-enabling them to eliminate redundant work, close loans faster, and reduce loan-origination costs.
Since the acquisition of 1st Metropolitan, Empire has established development programs for branch managers, additional infrastructure to meet the needs of branches and installed the latest technology, such as an expanded intranet site and an innovative online loan origination system.
We believe the addition of this innovative product will help drive the continued growth in our origination business.
While contract interest rates have steadily declined through the recession, origination fees on new mortgages have risen.
Commercial/multifamily mortgage originations ended the year on a very strong note, with the fourth quarter setting a new record for volume," noted Woodwell.
Nelnet offers a broad range of financial services and technology-based products, including student loan origination and lending, student loan and guarantee servicing and a suite of software solutions.
Refinancings accounted for 55 percent of all mortgage originations, the group said.
263(a) proposed regulations would eliminate this issue prospectively for most loan originations, by allowing a current deduction for these costs.
However, these write downs will be offset by income generated from new mortgage originations.
Millennium Funding Group is a national mortgage lender with more than $1 billion in annual originations offering wholesale lending solutions to mortgage brokers and the secondary mortgage market.