Mortgage technology

He founded and owned Myers Internet Services, which at one time hosted over 8,500 websites for originators and real estate agents.

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders.

In Las Vegas the house always wins and many in the industry were talking about the rising house values that are driving competitive purchase markets in some parts of the country.

The mortgage software tech company Ellie Mae reported net earnings of $4.1 million for this past quarter on the strength of its loan origination system software.

Mortgage lenders need to pay attention because Americans are interacting with peer-based networks to make major purchasing decisions.

Technology companies such as Ellie Mae, which almost doubled its employees to 700 and saw its stock price reach a new high this year, are seizing an opportunity to transform how mortgages are made.

Auction.com, which got a $50 million investment from Google in March, said it will use the Internet-search company’s big-data capabilities to try to predict U.S. home sales and other trends ahead of competitors.

Mortgage executives who have long decried new regulations as excessive are increasingly becoming resigned to the fact that changes are here to stay.

Federal and state laws, including the Gramm-Leach-Bliley Act, require title companies to develop a written information security program that describes the procedures they employ to protect non-public personal information.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Monday that federal regulators are keeping a close eye on the nonbank financial sector and how it is affecting banks.

The nation's largest mortgage lender is the first to say it will distribute the new Closing Disclosure to consumers, but other lenders, especially smaller ones, may not follow along.

Lenders increasingly find themselves responsible for protecting clients’ money and non-public personal information as those funds and data pass through several vendors that are part of the mortgage process.

Originators and counselors generally need to spend more time explaining reverse mortgages to borrowers than traditional home loans, but advances in automation are moving reverses more quickly after application.

A growing number of industry insiders find mortgage lending compliance may slow down but will not stop increased demand for electronic transactions.

Government officials increasingly encourage looser credit benefiting low- to moderate-income borrowers, but some lenders who make these loans said it's easier said than done. Here's why.

Lenders that use Collateral Underwriter may be eligible for Rep & Warrant relief on appraisal in the future.

• MT Award Winners
• Remembering Steve Fraser
• CFPB eClose Pilot

Freddie Mac has extended First American Mortgage Solution's approved distributor license to resell Freddie's valuation tools.

Among the most intriguing aspects of DocMagic's $1.2 million acquisition of eSignSystems is the relationships DocMagic now has with vendors that private label eSignSystems technology, many of whom compete with its own document preparation software.