The mortgage application forms from Fannie Mae and Freddie Mac should make for stronger loans, according to an analyst at Moody's Investors Service.
Mid America Mortgage will begin purchasing electronically closed loans through its correspondent lending channel.
Orange County found itself $26 million richer last week after an international software company paid a settlement, ending a lawsuit in which the county alleged it had been defrauded of millions while trying to replace its automated property tax system.
Appraisal management software company Mercury Network has entered into an agreement to acquire valuation data and analytics services provider Platinum Data Solutions.
Equifax and TransUnion have stopped selling traditional credit reports, forcing lenders to buy their new, more expensive "trended" data reports that mortgage investors aren't using yet.
Ellie Mae has integrated settlement software from Qualia with its Encompass platform.
New specifications for Fannie Mae and Freddie Mac's common mortgage application unveiled Tuesday add data points and remove obsolete questions, as well as include additional capabilities to promote digital mortgage workflows.
Reynolds and Reynolds subsidiary International Document Services has added a fulfillment dashboard to its idsDoc mortgage document preparation system.
First Community Mortgage is taking somewhat of an unusual approach with its latest branding campaign.
Clara, a new online mortgage lender, has launched with $27 million in equity financing.
It's time to move past the fear that digital mortgages will make loan officers obsolete.
Mortgage portfolio retention strategies typically focus on proactively approaching borrowers who can benefit from refinancing. But companies are increasingly using enhanced analytics to further segment their customer base and identify borrowers on the cusp of buying a new home.
The emergence of lenders that have no real connection to a geographic area prompts questions over how the Community Reinvestment Acts good neighbor policy can continue.
Freddie Mac has released a new online tool for lenders that determines whether a borrower's income qualifies them for a low down payment mortgage on a particular property.
Under pressure from regulators to beef up risk management in commercial real estate lending, banks are using new software tools to improve analysis.