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OpenClose and MCT Streamline the Loan Sale and Purchase Advice Process for Secondary Marketing Departments

NEW YORK, N.Y., May 16, 2016 (SEND2PRESS NEWSWIRE) -- MBA National Secondary Market Conference & Expo -- OpenClose(R) an enterprise-class, multi-channel loan origination system (LOS) provider, announced that in conjunction with Mortgage Capital Trading, Inc. (MCT) it has developed a solution that normalizes and extracts a lender's committed loan sale and purchase advice data to be uploaded directly into OpenClose's LenderAssist(TM) LOS, thus eliminating significant manual intervention. Depending on the number of loans that have been executed, time savings can be reduced from days to minutes.

NY Gov Cuomo Announces Major State Banks and Mortgage Servicers Offering Relief for Home Mortgage Borrowers in Aftermath of Sandy

ALBANY, N.Y. /New York Netwire/ -- Governor Andrew M. Cuomo today announced that several major state-chartered banks and mortgage servicers have agreed to offer...

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