Mortgage technology

Before the Dodd Frank Act went into effect in 2010, the residential mortgage market was in an entirely different state — particularly in regards to servicing. Several large servicers dominated the market, but ultimately shed most of their servicing assets, creating a substantially large segment of midsize servicers.

FHA warned about possible slow down during peak hours and so far processing is proceeding better than expected.

Mobile boards hung with candy-colored pages announcing the day's foreclosure hearings still stand sentry on the fourth floor of the Palm Beach County, Fla., courthouse — makeshift organizers erected during the unbridled early days of the housing crisis.

United Wholesale Mortgage has released a new origination system for brokers and correspondents.

Privlo, a non-qualified mortgage lender, has begun operations in its home state of California.

Mortgage professional hiring and new job appointments for the week ending Jan. 23.

LRES, a property valuation firm in Orange, Calif., has acquired Lenders Choice, an appraisal management company in Tulsa, Okla.

The Fix-It Award recognizes technology that provides an effective and permanent solution to a specific industry problem, need or channel. Learn about this year's finalists and see who won the 2014 MT Award.

Altisource Portfolio Solutions promoted John Vella to the new position of chief revenue officer in a bid to grow beyond its relationship with embattled former parent Ocwen Financial.

Mortgage professional hiring and new job appointments for the week ending Jan. 16.

The Green Lender Award acknowledges a lender that uses technology to promote sustainable and environmentally conscious business practices in the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.

As banks look to cuts costs and improve efficiency, many are actively trying to reduce the number of times they "touch" a loan file. The goal: get the application right the first time so it doesn't have to be sent back to the underwriter for time-consuming and costly fixes.

The Consumer Financial Protection Bureau is launching a toolkit on Tuesday that will help consumers shop for a mortgage by finding the best rates in their area based on data the agency gathers from lenders.

Lenders need to use nontraditional means of measuring a borrower's likelihood of default.

As we enter the new year, there is a real possibility that we'll be saying good-bye to historically low interest rates and the refinance business that has sustained many firms.

Simplified has launched an ordering platform that delivers settlement services to lenders.

Kofax, a financial technology company in Irvine, Calif., has released a product that allows lenders to capture and process electronic signatures.

Lenda, a new mortgage company backed by Silicon Valley investors, wants to supplant the traditional loan officer with consumer self-service technology.

The Federal Aviation Administration on Tuesday authorized the first use of drones for real estate photography.

Tree.com has adopted its marquee LendingTree brand for its new corporate name.