Digital mortgages

As the industry shuffles closer to completely digital mortgages, the next wave of technology aims to usher in total automation and uniformity.

Radian and Essent will make their "black box" mortgage insurance pricing methods live on Jan. 21, leaving MGIC as the only company yet to announce its adoption.

The mortgage industry faces myriad questions and challenges in 2019. Here's a look at 12 executives who will be behind the waves being made this year.

Mr. Cooper Group is buying servicing rights on $24 billion in mortgages, a subservicing contract for an additional $24 billion in home loans and the Seterus platform from IBM.

A new marketing tool lets consumers start the mortgage prequalification process by sending a text message, providing would-be borrowers with credit and loan program details and offering lenders a low-cost source of leads.

The expected decline in conventional mortgage volume may open the door for more non-qualified mortgage lending as secondary market investors seek new opportunities to deploy capital, says Tom Millon, CEO of Capital Markets Cooperative.

Mortgage technology is rapidly advancing, with incumbents and new entrants scrambling to take advantage of developments in artificial intelligence and automation. The goal? Beat the customer expectations set by Amazon and Uber, not just other lenders, says KPMG Managing Director Teresa Blake.

As the mortgage industry braces for even more market uncertainty in 2019, emerging technologies that improve the borrower experience and streamline back-office tasks may provide a glimmer of hope to beleaguered lenders.

Mortgage servicing assets are poised for gains in 2019. But as higher average mortgage rates spur lenders to sell servicing rights and diversify their loan offerings, servicers' work will also get more complicated and costly.

A year ago, National Mortgage News made five predictions regarding how the mortgage industry would fare in 2018 — and we got four of them right.

From a housing market in turmoil and the technology to save it to the myriad new faces in both the industry and Washington, here's a look back at some of the biggest and most read mortgage and housing stories of 2018.

Consumers traditionally pick the lender with the best rate and the lowest payment, but in a competitive marketplace, the customer's digital mortgage experience is often the first tiebreaker.

Texas Capital Bank, which already provides warehouse financing for e-mortgages, will now purchase these loans off those lines as it looks to increase liquidity for this product.

Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.

Fintech adoption among real estate and title agents is accelerating, though their optimism on the housing market has tanked, according to First American Financial Corp.

Greenway Mortgage, a New Jersey lender that pledges to support charitable causes, is launching a consumer-direct digital mortgage division that will specialize in one-stop shopping for home renovations.

Private mortgage insurers are moving away from traditional rate cards in favor of more granular risk-based pricing to make their products more competitive and efficient for lenders.

Minorities are still charged more for mortgages when all other applicable credit factors are equal — both in person and online, according to a new study by the University of California, Berkeley.

Ellie Mae plans to more quickly adapt to an evolving digital mortgage landscape with Amazon's help rebuilding from the inside-out.

In the latest example of how companies that control a significant portion of the home buying process can weave digital innovations throughout the customer experience, online real estate and mortgage company Redfin will implement electronic closing technology from Notarize.