Origination

The willingness and ease of adopting new technology is tied to how that experience reduces or increases stress to the end user. When technology vendors and lender executives understand that dynamic, new mortgage technology can be implemented more effectively and with less resistance from employees, said Rene Rodriguez during a presentation at this week’s Mortgage Technology Conference in Miami.

Effective technology strategies will help define the “winners and losers” in the new era of mortgage banking, the CEO of loan origination system provider Ellie Mae said during this week’s Mortgage Technology Conference in Miami.

Stonegate Mortgage Corp. recently relocated to a new Indianapolis headquarters, hired 45 of the 300 employees it wants to add in Central Indiana by 2015, and has other expansion plans underway outside the state.

The Department of Housing and Urban Development this week issued a proposed rule to clarify its fair housing regulations which encompass lending practices.

Two areas in Florida that attract a lot of retirees to move to, Central Florida and Miami, are looking a little better in separate reports on the two regions issued recently, but while some refinancing has picked up in the former region and sales increased in the latter, financing remains relatively scarce.

Julie McMillin Lee has been promoted to president of NewDay Financial's reverse mortgage division, where she will manage the direction of the unit as well as the selection and training of originators.

Residential application volume fell 10% on a seasonally adjusted basis for the week ending Nov. 11, as interest rates remained essentially flat compared to the previous week, according to new figures compiled by the Mortgage Bankers Association.

When it comes to technology, the mortgage origination space is holding out for what a panel at National Mortgage News' Mortgage Technology conference in Miami called "the Holy Grail." But lenders shouldn't hold their collective breathes, the presenters agreed.

Of the thousands of financial regulations on the books, which is the most burdensome? Dodd-Frank? Truth in Lending? Basel III?

Impac Mortgage Holdings earned $3.1 million in the third quarter thanks to gains from the sale of a title insurance affiliate and fees garnered from mortgage and real estate services, which offset legacy costs and charges.