Policy Management System Corp., also known as Mynd, lost $39.2 million, or $1.21 a share, in the second quarter, bringing its first-half loss to $55.2 million.

This year has been hard for the Columbia, S.C., vendor of mortgage origination software, which is doing business as Mynd even though shareholders have yet to approve the name change. Aside from mounting losses, it has had to deal with legal problems and uncertainty about future ownership. Salvation may be a few weeks away.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.