Advantage Systems Reports Growth
IRVINE, Calif.-Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, said its Web-based reporting tool now is used by 1,590 branch locations across the United States, a 64% increase over the same time last year. The company said the tool enables mortgage lenders to provide their branch managers with real-time data such as loan-level accounting reports, branch profit and loss reports, and branch check register and performance reports via the Internet.
For info: www.mortgageaccounting.com
Loss Mitigation Service Expanded
MINNEAPOLIS-Wolters Kluwer Financial Services said the company has expanded its Loss Mitigation Service to include fair lending compliance consulting.
The company said its experts have "strong experience and knowledge" in helping financial institutions avoid discriminatory lending practices, and these qualities now can be deployed on-site at mortgage servicers to help them meet all state and federal fair lending requirements when modifying loans for distressed borrowers.
For info: www.wolterskluwerfs.com
AFG Signs With Fort Financial CU
HOUSTON-Auto Financial Group, an online provider of residual-based financing products for credit unions, said it has signed up Fort Financial CU to use its sDrivingSense program. AFG said DrivingSense offers the lease-like benefits of a balloon loan to CUs and their member, allowing CUs to "build" a vehicle for members, compare payment terms with conventional loans, and offer lower payments, flexible two- to six- year terms, actual ownership of the vehicle and several end-of-term options.
For info: www.autofinancialgroup.com
