Digital mortgages

Lenders largely took a piecemeal strategy to technology adoption, gravitating towards a hybrid e-closing process as the latest industry “innovation,” yet this process is anything but, Rick Triola of NotaryCam writes.

New entrants in the market may believe: “We’re doing everything right. Fraud isn’t a problem, and we have a fraud alert tool in place anyway.” This, of course, is exactly when fraud risk grows, warns Paul Harris of First American Data & Analytics.

By applying what has been learned in the past year, mortgage providers can ensure they will be better positioned to take on more loans and grow their business, EarnUp CEO and co-founder Nadim Homsany writes

Matt Zames, who is stepping down from his position at Cerberus Capital Management this week, was an adviser to Doma before he joined its board in 2018, and is also a shareholder.

The Originations event on April 15 dives deep into shifting market conditions, while our servicing symposium on June 17 will zero in on the most important issues facing that sector today. It all leads up to our Digital Mortgage Conference in September. Get involved!

The government-sponsored enterprise greenlit the use of CoreLogic and LoanCraft’s tools that validate self-employed borrowers’ incomes, and it certified Finicity, a firm that facilitates the equivalent for W-2 employees’ payroll data.

The acquired platform, while remaining stand-alone, will have integrations with Black Knight's Empower loan origination system for mortgage lenders.

The acquisition, which has a $500 million enterprise value, will extend the technology vendor’s capabilities beyond the point of sale into the stubbornly manual electronic closing process.

The expansion of borrower data collected in the new URLA upends an industry standard and lenders are experiencing some growing pains.

Major secondary market players have been testing Fincity’s technology, which is in the final approvals stage with Fannie Mae and Freddie Mac.

National Mortgage News presents the third annual Best Mortgage Companies to Work For — a survey and awards program dedicated to identifying and recognizing the industry's best employers and providing organizations with valuable employee feedback.

The automation is more prevalent but the net adoption rate is low, the Stratmor Group found.

The company received an undisclosed amount of Series A funding from two investors to expand technology currently focused on helping lenders with timelines that are, on average, spinning out of control.

The visionary co-founded electronic signature company SignOnline in 1999, a year before legislation legalized e-signatures at the federal level.

The mortgage industry’s technology emphasizes speed, but a surge in volume has elongated the closing process for many, which is problematic ahead of a potential seasonal uptick in more time-sensitive purchase loans.

The transaction consisting of $24 million in securitized Ginnie pools followed a 265% jump in broader industry eNote registrations last year.

AlphaFlow, an asset manager that buys real estate loans from lenders, sold the first of what it expects to be a series of securities linked to mortgages often used by house flippers.

The mortgage lender will promote its brand, products and services through MLB-related television or radio ads, in addition to digital outlets.