Mortgage technology

In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements.

At #MBATech15 in Orlando, #TRID was on the tip of everyone's tongues. But other conversations also took place, centering largely on how technology adoption can make up for lost time and what future IT infrastructures will look like.

Loans4Less.com in Redondo Beach, Calif., has agreed to buy consumer lending and peer-to-peer technology platform 321Lend.

Burlingame, Calif.-based mortgage compliance service ComplianceEase has acquired Mortgage Banking Systems of McLean, Va.

Mortgage credit availability increased in March, the Mortgage Bankers Association's monthly Mortgage Credit Availability Index found.

Holders of servicing rights will soon demand more than the basics from these third-party providers. Subservicers may be expected to help promote an institution's nonmortgage products or provide portfolio analytics.

ReverseVision has created an operations team within its company to improve its capacity management about a month after its RV Express system's last reported outage.

The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.

Compliance software provider QuestSoft found that nearly one in five lenders is considering switching their loan origination systems this year.

There are many ways our industry can use mobile technologies. But if we don't do it, someone else will.

The mortgage application and closing process is once again facing an overhaul. The Consumer Financial Protection Bureau will soon require lenders to provide customers with integrated disclosure forms, which aim to clarify costs associated with real estate transactions. As with any new process, the switch poses a number of challenges for lenders — and could even put business at risk during implementation. Here are five pitfalls to look out for in the process.

The technology, still in its early development stages, will analyze Home Mortgage Disclosure Act files prior to formal submission to the regulator so lenders can spot and fix errors faster.

Clayton Holdings has acquired technology valuation provider Red Bell Real Estate and its sister company, Main Street Valuations.

There is plenty of information available on the Internet so that mortgage firms can stop using the same old school approach to customer acquisition.

If lenders can't get the Consumer Financial Protection Bureau to back off its Aug. 1 integrated mortgage disclosures deadline, they're at least hoping to get some leniency while they adjust to the new process.

The Federal Housing Administration will require single family home mortgage appraisals to be submitted through an online electronic delivery portal starting on June 27, 2016, the agency announced.

Mortgage professional hiring and new job appointments for the week ending March 27.

The Consumer Financial Protection Bureau may delay the Aug. 1 implementation deadline for new mortgage disclosure forms if vendors aren't ready, said CFPB Deputy Director Steven Antonakes.

If you and your staff are suffering from email overload, here is a list of handy shortcuts to use when corresponding to help get the message through.

Changes to the Consumer Financial Protection Bureau's consumer complaint system could give lenders lots to gripe about if they don't prepare accordingly and be proactive, mortgage industry consulting firm STRATMOR Group said March 23.