JACKSONVILLE, Fla. - (10/24/05) -- Fidelity National InformationServices last week unveiled a new web-based system that instantlydelivers mortgage loan pre-qualification at the point-of-sale. Thecompany's DecisionStream system is designed to speed and facilitatereal-time mortgage lending decisions for refinance and home-equityloans and to help lenders determine whether to proceed with a loanapplication. The system provides title approval, real-time deliveryof FICO scores, a flood insurance indicator, an automated valuationtool, property tax status and anticipation of subordinationrequirements.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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