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DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.
August 20 -
Fannie Mae and Freddie Mac's decisions to make their automated underwriting systems free to use will feed more data to the GSEs, but do little to better serve lenders and borrowers.
August 18Elliott Bay Associates -
The new supplemental performance metric should encourage lenders to serve lower credit score borrowers.
August 17 -
The Federal Housing Administration's Neighborhood Watch website is back online after crashing about three weeks ago.
August 17 -
Neighborhood Watch, the Federal Housing Administration's "early warning system" for monitoring mortgage defaults and lender performance, crashed more than two weeks ago and it's unclear when the service will be restored.
August 13 -
An organization's operations team can only effect change as far as management trusts and empowers them to.
August 7STRATMOR Group -
The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.
August 5 -
Ginnie Mae has updated the procedures manual used by the custodians of documents involved in mortgage-backed securities.
August 4 -
Lenders said the delay in implementing the combined loan and closing disclosures is giving them valuable added time to train their staff, according to a DocuTech survey.
August 3 -
Lawmakers included a measure that will impose new mortgage reporting requirements on banks and servicers as part of a short-term highway funding bill passed this week by both chambers of Congress.
July 31