Technology news
The CFPB updated its "Know Before You Owe" mortgage disclosure rule to provide more clarity to lenders. It has proposed additional tolerance provisions, clarified a partial exemption for housing finance agencies, extended the rule's coverage to all cooperative units, and provided more clarity about privacy and the sharing of information.
Ellie Mae had second-quarter net income of $10.6 million as its revenue per Encompass user rose by 14%.
Chronos Solutions has acquired Spokane Valley, Wash.-based UPF Services, marking its fourth acquisition in just over a year a half.
FNF Group, a division of Fidelity National Financial, has agreed to acquire real estate software company Commissions Inc.
Sentiment regarding the need for disruption in the mortgage tech space remains divided, though a majority of lenders agree that the industry is working to innovate for better efficiency.
CoreLogic reported higher net income during the second quarter, reflecting the positive impact of its new valuation subsidiary and acquisitions.
Technology developed by SmartZip analyzes 2,000 variables about a housing market and its homeowners to help real estate agents and lenders identify consumers most likely to sell their house or need a new mortgage.
The recent White House fintech summit was helpful in exposing companies to regulators, and vice versa, but we need to strengthen the lines of communications even more.
The Department of Veteran Affairs has renewed its contract with Black Knight Financial Services, the Jacksonville, Fla.-based company said Thursday.
FNF Group, the title insurance business of Fidelity National Financial Inc., had net earnings of $187 million for the second quarter, up from $160 million last year.
Mergers and acquisitions are important, but simply buying out the competition is no longer the road to success.
Property valuation firm LRES will now offer commercial evaluations as a result of its March acquisition of InsideValuation.
RealtyTrac is renaming its parent company Attom Data Solutions as it rolls out a new property database that links different data sources into a centralized resource.
The promise of digital verification, beyond process improvements and time savings for lenders, is the ability to help both consumer and lender drive to the right outcome more quickly, with greater transparency and predictability along the way.
Ellie Mae has released the latest version of its loan origination system, which includes an integration with Freddie Mac's Loan Advisor Suite.
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