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National Mortgage Insurance integrates with Vesta LOS

Housing Wire

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. “We are thrilled to add Vesta, a leading SaaS company building next-generation LOS technology, to our list of integration partners.”

Insurance 378
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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.

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Old Republic records 12.8% decline in net income in 2023

Housing Wire

Despite cooling interest rates , the title insurance segment at Big Four title firm Old Republic recorded a 22.8% said during the firm’s fourth-quarter earnings call with investors last Thursday. Declines in the firm’s title segment were partially offset by growth in its general insurance sector. decrease for all of last year.

Insurance 385
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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 391
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The mortgage servicing experts at Sagent are building the future of fintech

Housing Wire

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. And its product and customer success teams have responsibility for sales and growth.

Mortgage 466
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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

Insurance 367
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How retaining servicing provides a competitive advantage

Housing Wire

Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house. There is still evidence that higher LTV loans with Private Mortgage Insurance are attractive to buyers who don’t have much money saved up for a down payment.