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Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation

Appraisal Buzz

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

Insurance 195
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Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

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Verification solutions provider Xactus acquires MassiveCert

Housing Wire

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. “The Presented by: ServiceLink.

Insurance 338
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HUD publishes dozens of proposed rules in spring agenda

Housing Wire

Another proposed rule “would establish through rulemaking the circumstances in which governmental entities are deriving a prohibited financial benefit” from mortgage insurance for loans involving down payment assistance programs , with an initial notice proposal planned for May 2024. An initial notice on this proposal is expected this month.

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Verification provider Xactus hires chief compliance officer

Housing Wire

Gloudeman’s career in mortgages and financial services will help “modernize compliance strategies for the quickly evolving mortgage landscape” as traditional approaches are falling behind, said Perry Steiner, chairman and CEO of Xactus said. Gloudeman started on Tuesday. .

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How to gain a competitive edge through in-house servicing

Housing Wire

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. Late fees and commissions on optional insurance can also increase revenue.

Investors 349
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Qualia adds a new product to its software offerings

Housing Wire

According to Qualia , Atlas combines title and escrow production, as well as vendor management, along with client and homebuyer connectivity. “We On Thursday, the firm announced the launch of Qualia Atlas.