LOS

Binh Dang has resigned as president of LendingQB, the company confirmed Thursday.

Black Knight Financial Services has integrated technology from Fannie Mae and Freddie Mac with its LoanSphere Empower and LendingSpace loan origination systems.

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

In order for the mortgage industry and its technology to evolve in the future, lenders and servicers must redefine their expectations for connectivity and demand more open integrations between the systems they use.

Ellie Mae has integrated settlement software from Qualia with its Encompass platform.

New specifications for Fannie Mae and Freddie Mac's common mortgage application unveiled Tuesday add data points and remove obsolete questions, as well as include additional capabilities to promote digital mortgage workflows.

Clara, a new online mortgage lender, has launched with $27 million in equity financing.

Mortgage closing technology company Snapdocs has released a new suite of tools tailored to meet the needs of settlement and title companies.

Ellie Mae has commenced a follow-on offering of 2.75 million shares of its common stock. In addition, Ellie Mae plans to grant the underwriters of the transaction a 30-day option to buy 412,500 shares at the public offering price.

Mid America Mortgage in Addison, Texas, has executed its first electronic closing and e-note through its retail origination channel. The closing builds on the company's plan to expand e-closings and e-notes across all of its origination channels.

Ellie Mae had second-quarter net income of $10.6 million as its revenue per Encompass user rose by 14%.

Sentiment regarding the need for disruption in the mortgage tech space remains divided, though a majority of lenders agree that the industry is working to innovate for better efficiency.

Ellie Mae has released the latest version of its loan origination system, which includes an integration with Freddie Mac's Loan Advisor Suite.

LoanScoreCard has rolled out a new nonagency pricing and decisioning technology for the wholesale and correspondent channels.

Black Knight Financial Services, in its second deal as a publicly traded company, has bought business analytics firm Motivity Solutions.

ICBA Mortgage has expanded its relationship with DH Corp. to offer Independent Community Bankers of America members access to the MortgageBot loan origination system.

The Mortgage Industry Standards Maintenance Organization plans to simplify its membership structure, the Mortgage Bankers Association said.

Fewer lenders are looking to change their loan origination systems this year, according to a survey from mortgage compliance software provider QuestSoft.

Mortgage software provider Ellie Mae reported a dip in net income as a result of increased sales, marketing and research expenses that outweighed revenue gains.

Ellie Mae has launched the latest version of its mortgage management software, featuring updates on trade management reporting and Freddie Mac and Fannie Mae integrations.