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Xactus integrates flood compliance solution with ICE’s mortgage servicing system

Xactus on Wednesday announced the completion of its integration with MSP, the loan servicing system operated by Intercontinental Exchange (ICE). The integration enables mortgage servicers to receive automated flood zone determination updates directly into their systems without manual intervention. “This integration is a market-changing development for both Xactus and mortgage servicers who rely on systems […]

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Senate confirms Andrew Hughes as HUD’s deputy secretary

Following his nomination for the role in March, the Senate on Tuesday confirmed Andrew Hughes as the deputy secretary of the U.S. Department of Housing and Urban Development (HUD) under Secretary Scott Turner. Hughes succeeds Adrianne Todman, who effectively served as HUD secretary for the final 10 months of the Biden administration. Todman left HUD

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Lower settles poaching suit involving Thrive Mortgage staff

Mortgage lender Lower and Residential Wholesale Mortgage moved to settle a poaching suit filed in a federal Texas court earlier this year. Details regarding the terms are sparse from a notice filed by Lower May 16, however, it wraps up litigation over Residential allegedly poaching employees that Lower acquired via its Thrive Mortgage acquisition. The

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