The 8th annual Mortgage Technology Awards were presented Oct. 14 by Mortgage Technology magazine in conjunction with the Mortgage Bankers Association's annual convention in Boston.The 10X Award for technology making an "exponential impact" on mortgage lending went to Wolters Kluwer Financial Services for combining its business units to be "a comprehensive source" for a lender's outsourced regulatory compliance needs. The Lasting Impact Award, for developing technology that has proved its worth over time, went to Gabe Minton for "evangelizing on behalf of industry standardization." The Release of the Year Award, to a company launching a product or initiative likely to have the broadest impact on mortgage lending, went to Deal Maker Score for offering a scientific analysis tool that enables originators to offer a customized plan on how borrowers can achieve a target credit score. The Steve Fraser Award, which goes to an outstanding mortgage technology innovator, visionary, or evangelizer, was presented to Scott Cooley of Cooley Consulting for creating the first loan origination system. Winners of other awards, and those who received commendations in all categories, will be posted soon on the Mortgage Technology website.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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