Technology news
The jury is still out on whether new sports stadiums are economic engines for their communities. But when it comes to housing alone, new stadiums are a boon for local home sales, but don't always contribute to home price appreciation.
Sperlonga Data & Analytics has begun reporting homeowner and condominium association payments and account statuses to Equifax.
Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?
Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.
The National Association of Realtors has partnered with VA Loan Captain to create a platform designed to help its members better serve the needs of military and veteran homebuyers and sellers.
The granular data and quick decisions that can help field a winning fantasy football team have a lot in common with the analytics tools that mortgage lenders use to monitor and evaluate their operations.
It may take several years, but the Rural Housing Service is on a path to modernize its single-family program and give lenders more responsibility for approving and closing loans.
Altisource's default software subsidiary Equator has launched a new suite of tools for real estate agents to provide insight into the market of bank-owned properties.
Altisource has expanded its offerings to include foreclosure auction services.
First American Financial Services has reached an agreement to acquire RedVision Systems, one of the largest independent providers of title and property research nationwide.
International Document Services has bought electronic mortgage services vendor Encomia, in its first acquisition since it became part of Reynolds and Reynolds last October
To commemorate the 40th anniversary of National Mortgage News, we look to the future of the mortgage industry — a future that lies at the intersection of people, policy, technology and capital.
In order for the mortgage industry and its technology to evolve in the future, lenders and servicers must redefine their expectations for connectivity and demand more open integrations between the systems they use.
The events of the past 40 years pale in comparison to the strides the mortgage industry has made with technology, from pen-and-paper processes to handheld interest rate checks in minutes. The most exciting part: the best is yet to come.
It was 1976, the year of the U.S. Bicentennial, the dawn of Apple Computer and supersonic commercial flight aboard the Concorde jet. The average rate for a 30-year mortgage was 8.87% and the median sales price of existing homes was $38,100. And in an apartment on Manhattan's Upper East Side, National Mortgage News was born.
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