Could Zillow's Latest Buy Become a Mortgage Doc Play?
DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.
CoreLogic Releases Risk Detection Tool
CoreLogic has launched a new intelligence tool aimed at improving marketing segmentation and risk detection.
Lenders Get What They Pay for with Free GSE Underwriting Tech
Fannie Mae and Freddie Mac's decisions to make their automated underwriting systems free to use will feed more data to the GSEs, but do little to better serve lenders and borrowers.
FHA Rolls Out Upgrade to Neighborhood Watch Program
The new supplemental performance metric should encourage lenders to serve lower credit score borrowers.
FHA's Neighborhood Watch Back Online After Three-Week Outage
The Federal Housing Administration's Neighborhood Watch website is back online after crashing about three weeks ago.
Ellie Mae Expands Online Portal to Accept Product Ideas
Ellie Mae introduced a feature to let users submit product ideas through its online loan-origination portal.
How to Use Big Data to Underwrite Safer Mortgages
By effectively using technology to gather and verify big data, lenders can underwrite with greater precision, improve loan-level decision making and maximize the integrity of their mortgage portfolios.
People Movers of the Week: Aug. 14
Mortgage professional hiring and new job appointments for the week ending Aug. 14.
No Quick Fix for Disabled FHA Neighborhood Watch Website
Neighborhood Watch, the Federal Housing Administration's "early warning system" for monitoring mortgage defaults and lender performance, crashed more than two weeks ago and it's unclear when the service will be restored.
How a Texas Lender Thrives Using Digital Marketing Tech
Austin First Mortgage uses a combination of internal and customer-facing marketing technologies to keep borrowers are engaged and informed throughout the loan process.
United Wholesale Mortgage Introduces Tool for Quicker Closings
United Wholesale Mortgage has introduced software to help brokers and correspondents close loans faster.
CFPB Urges Industry to Quickly Adopt Electronic Closings
The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.
Why Default Servicing Processes Haven't Improved Since the Crisis
Years after the crisis, fundamental problems in default servicing still exist and in order to move forward, servicers must reimagine their processes to better manage overall volume and spikes in demand.
Lending Club CEO Sees Opportunity in Mortgage Morass
Unlike in personal loans, where Lending Club saw an opportunity to lower the cost of consumer credit card debt, in mortgages, the play is not in providing lower-priced credit, but rather in removing friction, Renaud Laplanche says.
Fidelity National Ups Stake in ServiceLink
Fidelity National Financial has recapitalized ServiceLink Holdings, increasing its ownership in the transaction services company.