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"We find it very disturbing and we're trying to figure it out," Jonathan Corr says, referring to the innocuous appearance of the communications that flooded his company's servers.
While distributed denial-of-service attacks typically crash systems with waves of invalid data requests, the manner in which Ellie Mae's technology was overwhelmed suggests the culprits were familiar with the mortgage business.
The 10X Award honors a company, product or technology that's had an exponential impact on mortgage finance. Learn about this year's finalists and see who won the 2013 MT Award.
Darius Bozorgi's company, Veros, will build the FHA its own version of Fannie and Freddie's UCDP, which will be called the Electronic Appraisal Delivery portal.
The Federal Housing Administration will require lenders to submit full electronic appraisals for the mortgages it insures — a risk management practice Fannie Mae and Freddie Mac adopted two years ago.
The lack of servicing data standards has recently been a source of criticism by regulators.
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac will suspend work on the Uniform Mortgage Servicing Dataset to conduct a fact-finding exercise to identify broader data standardization needs in the servicing industry.
Mortgage Technology Magazine: Spring 2014 Issue
• Paperless FHA
• Servicing Roundtable
• Lender Outsourcing
• Appraisal Regulations
  • Paperless FHA
  • Servicing Roundtable
  • Lender Outsourcing
  • Appraisal Regulations
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