Mortgage technology

Ellie Mae has agreed to purchase St. Louis-based Mortgage Returns, which provides customer-relationship management services.

Clayton Holdings in Shelton, Conn., has agreed to buy ValuAmerica, a settlement services provider headquartered in Pittsburgh.

By using data from both post-closing and prefunding quality control reviews, lenders can craft a more proactive prefunding QC strategy that takes into account high-risk areas that are specific to their businesses.

An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of quality control tools designed to help lenders manage their mortgage repurchase risks.

News Corp's Move Inc. has acquired Reesio, a provider of document and transaction management software for residential real estate.

To better serve millennial mortgage customers, lenders would be helped by understanding how the "fear of missing out" mentality drives this generation's consumer culture.

With the implementation date for the TILA-RESPA Integrated Disclosures just days away, here's a look at some of the finishing touches the mortgage industry is making to its technology and training preparations.

Lenders that allow borrowers to shop for third-party settlement services face new liability, as the Consumer Financial Protection Bureau's integrated mortgage disclosure rules will let borrowers sue over problems with vendor lists.

Mid America Mortgage will utilize document preparation and electronic signature and vaulting technology developed by DocMagic to facilitate paperless mortgage closings complete with e-signed promissory notes.

Servicers should make some simple requests of their tech vendors to tailor compliance systems to their needs and avoid the headaches of overhauling compliance systems.