Fidelity National Ups Stake in ServiceLink
Fidelity National Financial has recapitalized ServiceLink Holdings, increasing its ownership in the transaction services company.
Congress Approves New IRS Mortgage Reporting Requirements
Lawmakers included a measure that will impose new mortgage reporting requirements on banks and servicers as part of a short-term highway funding bill passed this week by both chambers of Congress.
People Movers of the Week: July 31
Mortgage professional hiring and new job appointments for the week ending July 31.
FIS Said in Exclusive Talks to Acquire SunGard
Fidelity National Information Services Inc., the payment-services provider, is in exclusive talks to buy SunGard Data Systems Inc. in a deal with an enterprise value of more than $8.3 billion, people familiar with the matter said.
Ellie Mae Posts $7.6M Second-Quarter Profit
Ellie Mae reported higher profits in its second-quarter earnings. With net income of $7.6 million, its profits rose 62% from the same period in 2014.
Nationstar Reports $75M Profit on Higher Servicing Revenue
Nationstar Mortgage Holdings returned to profitability in the second quarter after the previous quarter's significant loss.
FNF Earnings Up on Increased Revenue and Margins
The title and real estate services portion of Fidelity National Financial Inc. earned $160 million in the second quarter, up from $142 million one year prior because of higher revenue and margins.
Black Knight Reports 2Q Profit on Higher Revenue
Black Knight Financial Services swung to a profit in the second quarter, the first reporting period after it completed an initial public offering in May.
Ellie Mae's Mortgage Automation Product Receives Patent
Ellie Mae has obtained a patent for its automated mortgage origination and processing software.
How Mortgage Servicers Can Win Over Millennials
Upgrading communications technology is imperative, but only one way, for mortgage servicers to prepare for an onslaught of consumers accustomed to high-touch, individualized attention.
Ellie Mae Adds Integration with Fannie Mae Mortgage Review Tech
Ellie Mae will add new integrations of Fannie Mae's automated loan review technology to its loan origination system to help lenders ensure loans remain eligible for sale throughout the underwriting process and eliminate surprises at the end.
Zillow Group to Acquire Online Closing Tech Provider DotLoop
Zillow Group in Seattle has agreed to buy DotLoop in Cincinnati, a provider of real estate document technology.
New Rules for Online Mortgages Signings Boosts Black Knight
Black Knight Financial Services Inc. is benefiting from new banking regulations that push mortgage lenders to use automation software, sending the company's shares surging since its initial public offering two months ago.
Next Update of Mortgage Builder Sets Sights on Millennials
Mortgage Builder general manager Larry Alston is overseeing an update of the LOS aimed at the self-service customer.
Why Outdated Loan Origination Systems Sabotage Digital Innovation
To avoid alienating a consumer base increasingly expecting digital options, lenders must take the plunge and update old loan origination systems that cannot accommodate today's technology demands.