Origination

For outsourcers to supply value to the originators that hire them, they must do than simply meet the terms of the agreement.

A lender's LOS can help or hurt its bottom line. When examining existing systems for process improvements or evaluating other alternatives, focusing on a number of key considerations can simplify the process and narrow down the field of LOS options.

The Department of Veterans Affairs' residual income test would give lenders more confidence to make riskier loans, according to an Urban Institute study.

Mortgage application volume increased from the previous week due to more refinance activity.

Big data techniques could help mortgage lenders home in on the most qualified borrower leads, but uncertainty about the new technology has many originators clinging to existing practices with a known track record.

CIT Group, which is acquiring the former IndyMac, will let the bank's $7.6 billion mortgage book run off. "It is an attractive portfolio," the CEO says.

FormFree Holdings, a mortgage technology vendor in Atlanta, received a U.S. patent for its automated asset verification system, AccountChek.

Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth requirements for smaller lenders.

Document imaging and data processing firm Kofax has launched new consumer-facing technology designed to make it easier for borrowers to submit their financial information for a mortgage application.

Sales of previously owned homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market.