Mortgage technology

International Document Services has bought electronic mortgage services vendor Encomia, in its first acquisition since it became part of Reynolds and Reynolds last October

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.

To commemorate the 40th anniversary of National Mortgage News, we look to the future of the mortgage industry — a future that lies at the intersection of people, policy, technology and capital.

From helping to create one of the first loan origination systems to setting the stage for the financial crisis, these 10 people left an indelible mark on the mortgage industry. But where are they now?

If the past 40 years has revealed anything about the mortgage industry, it's that change is constant, and inevitable. From the future of Fannie and Freddie to the role technology will play in underwriting, here's a look at 10 bold predictions that will shake up the mortgage industry.

Here's a look at some of the mortgage industry's most pioneering ideas and trends that have created legacies that have outlasted the companies that established them.

The events of the past 40 years pale in comparison to the strides the mortgage industry has made with technology, from pen-and-paper processes to handheld interest rate checks in minutes. The most exciting part: the best is yet to come.

It was 1976, the year of the U.S. Bicentennial, the dawn of Apple Computer and supersonic commercial flight aboard the Concorde jet. The average rate for a 30-year mortgage was 8.87% and the median sales price of existing homes was $38,100. And in an apartment on Manhattan's Upper East Side, National Mortgage News was born.

The mortgage application forms from Fannie Mae and Freddie Mac should make for stronger loans, according to an analyst at Moody's Investors Service.

Mid America Mortgage will begin purchasing electronically closed loans through its correspondent lending channel.