Independent mortgage bankers net income declined 60 basis points between the second and third quarters, Richey May data show. Some penny pinching is in order.
An outsourcing services provider is buying a capital markets consultancy for $75 million, and separately a mortgage company is outfitting its new servicing unit with lien-release technology.
I am thankful for the best of the hunters among us, the professional loan officer, who is good for the industry.
Website comments arent readers only venue for telling us how smart or dumb we are at NMN.
Shrinking origination volumes and margins have reduced lenders training efforts, but they are willing to invest in programs and systems that ensure compliance or payoff.
Following new legislation issued by the CFPB earlier in November, the mortgage industrys voluntary standards organization has extended the comment period beyond yearend 2013.
Colonial Savings installed new mortgage software and consequently tripled loan volume, cut costs and improved compliance without reducing headcount.
Planwise is sharing its Spring platform, which provides listing and tax data, with real estate sites to attract homebuyers.
Readers can now comment on virtually all (and soon, all) content on National Mortgage News website. The first comments from readers prefigure some lively interactivity to come.
How many Mortgage Technology Conference attendees were on their mobile devices during a panel discussing the security challenges posed by mobile devices? A lot.
The more compelling discussion at this weeks tech show of business success this coming year was capacity, conversion and compliance.
Federal judges have ruled no valid claims of fraud exist against MERS in which plaintiffs claimed the companys role in a deed of trust caused them injury.
Underutilized low-income housing tax credits used to fund apartment construction could help offset a decline in multifamily financing availability, if lenders are willing to lower their minimum loan sizes.
Norcom Mortgage spent more than a year working to upgrade its loan origination system, and recently went live with their provider.
LoanServ aims to provide technology that is easy to access and gives each client a consistent customer experience.