Mortgage technology

Privately held nonbank Movement Mortgage plans to add to the operational resources it has based at a new Norfolk, Va., facility it is leasing from the city.

The majority of mortgage lenders don't expect to use chatbots to communicate with clients anytime soon, the results of a Fannie Mae survey said.

Nexera Holding, which has operated as an online lender under the name Newfi, is applying that branding to the company as a whole.

The six private mortgage insurers are jockeying to differentiate themselves with value-add services that complement their core product.

ExactBid has released new automation that allows exchanges of information between its lender appraisal-workflow technology and its appraiser reporting system.

Real estate finance advisory services and technology provider Situs has purchased The Collingwood Group, a Washington advisory group staffed largely by former government mortgage agency officials.

As Nationstar Mortgage Holdings finalizes plans to change its name to Mr. Cooper, the nonbank lender and servicer is exploring options to part ways with Xome, the settlement services and real estate business it rebranded less than two years ago.

A group of fintech players and venture capital firms are investing $1 million in Patch Homes, a startup that lends money in return for a share of home equity.

Foreclosure activity continues to subside and most of the regulatory reforms created to protect distressed borrowers have been implemented. Yet mortgage servicers still haven't fully resolved the operational challenges facing their business.

Black Knight Financial Services has added an application program interface to its loan origination system that will allow consumers and loan officers to access it more easily through mobile devices.