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SoftPro releases FinCEN anti-money laundering data solutions

SoftPro has released new integrated software tools designed to help title companies comply with the Financial Crimes Enforcement Network’s (FinCEN) new anti-money laundering rule. The company said its Buyer and Seller Collection Forms are available to help users gather required data under the rule — with tools supported across SoftPro Select, Standard and Enterprise software…

Cardinal Financial launches nondelegated correspondent program

Cardinal Financial‘s third-party origination division announced Wednesday the launch of its nondelegated correspondent program that targets independent mortgage lenders. The program allows approved nondelegated correspondents to originate loans in their own name while using Cardinal Financial’s loan technology platform, Octane, which provides underwriting, pricing and other operational functions. “In a competitive market, lenders need to…

Long & Foster taps Lacey Conway as new president

Lacey Conway is leaving Compass to serve as the president of Long & Foster Real Estate. HomeServices of America, as announced by the parent company of Long & Foster’s on Wednesday.  In this role Conway will work closely with Patrick Bain, the CEO and president of The Long & Foster Companies, and she will focus…

Fed holds rates steady as political pressure overshadows policy decisions

The Federal Reserve held its benchmark interest rate steady Wednesday in a target range of 3.5% to 3.75%. The decision was widely expected as little has changed since December in the balance of risks tied to its dual mandate of maximum employment and price stability, economists said. “Available indicators suggest that economic activity has been…