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GreenPoint and Homestar sign with Mavent.

GREENPOINT MORTGAGE FUNDING INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
., New York, has signed a five-year contract extension with Mavent Inc., Irvine, California. Mavent's 2comply Expert System is currently deployed in all of GreenPoint Mortgage's retail and wholesale loan branches and is performing preclosing compliance reviews for all of GreenPoint's residential loans.

Mavent's 2comply Expert System is a real-time residential mortgage compliance solution that reviews every loan in a residential mortgage lender's production pipeline for compliance with applicable federal, state and local lending laws, rules and regulations prior to funding.

In addition, Homestar Mortgage Services LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, Paramus, New Jersey Paramus (IPA: /pəˈræməs/) is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 25,737. , has signed a five-year contract with Mavent to provide a fully automated mortgage compliance solution for the company's newly formed conduit division. Mavent's Intercept[TM] Expert System will review pools of residential mortgages for compliance with applicable predatory and high-cost provisions as well as the federal Truth in Lending Act The Truth in Lending Act is contained in Title I of the Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq.). The CCPA is designed to assure that every customer who needs Consumer Credit is given meaningful information concerning the cost of such credit.  (TILA TILA Truth In Lending Act ) prior to purchase.
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Title Annotation:TechNewz; contracts with Greenpoint Mortgage Funding Inc and Homestar Mortgage Services LLC
Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2004
Previous Article:SunTrust Mortgage chooses guardian for HELOCs.
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