Mortgage technology

Over a third of appraisals during the third quarter featured property quality or condition ratings that did not match previous ratings, according to an Oct. 19 report from Platinum Data Solutions.

The big game changer in the mortgage industry is the "unquantifiable and increasing regulatory risk," said Tom Sanzone, Black Knight Financial Services' CEO at a press conference Monday at the MBA's Annual Convention in San Diego.

Wolters Kluwer Financial Services has released a new tool to help lenders navigate updated reporting requirements on mortgage loans announced by the Consumer Financial Protection Bureau last week.

Xome, a Nationstar Mortgage Holdings effort to automate the home-buying process, has launched a notary mobile app.

Reynolds & Reynolds, a provider of document-management software for automotive dealers, has acquired International Document Services, a provider a mortgage-document services.

Resitrader has introduced an online marketplace for the exchange of loan data, documents and pricing information.

Roostify has closed a Series A investment round led by Texas-based financial services company USAA, the San Francisco-based automated mortgage transaction platform company announced Thursday.

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.

There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.

Heartland Financial USA has hired Insuritas to help it expand its insurance business.

Connected Investors has created a new centralized real estate investment funding portal that the Wilmington, N.C.-based company believes will simplify deals and relationships.