Mortgage technology

Ellie Mae ties its fortunes to its clients' success with a pricing model that charges lenders based on the number of loans they close. Now it's found a way to monetize the applications that flow through its origination software but don't get funded.

While distressed borrowers said they're more satisfied with the customer service they receive today than a year ago, servicers with large portfolios of distressed loans were still ranked lower than their peers in a recent J.D. Power survey.

Ellie Mae in Pleasanton, Calif., reported a rise in second-quarter profits compared to last year, boosted by sales of its mortgage origination software.

Over the long haul, ignoring online leads is going to make it difficult for retail lenders to survive, since recent studies clearly show more and more borrowers are finding their lenders online.

Customer relationship management technology and new regulations require lenders and loan officers to re-evaluate how they manage the ownership and use of lead sheets.

Zillow Inc. agreed to purchase Trulia Inc. for $3.5 billion in an all-stock deal that is designed to make the combined entity the largest in online real estate advertising.

Acquiring the technology vendor would help Altisource build a marketplace for ancillary mortgage services and reduce the company's reliance on its former parent and top client, Ocwen.

The online ballot is now open for mortgage lender and servicing professionals to vote for their favorite technology and services vendors.

Zillow Inc. is seeking to acquire rival Trulia Inc. in a move to combine the two most-visited U.S. real estate websites.

Using the MERS System helps stop mortgage lenders from fraudulently pledging the same loans to multiple warehouse lines. Most line providers register as interim funders. Some recent entrants may not.

For outsourcers to supply value to the originators that hire them, they must do than simply meet the terms of the agreement.

A lender's LOS can help or hurt its bottom line. When examining existing systems for process improvements or evaluating other alternatives, focusing on a number of key considerations can simplify the process and narrow down the field of LOS options.

Big data techniques could help mortgage lenders home in on the most qualified borrower leads, but uncertainty about the new technology has many originators clinging to existing practices with a known track record.

FormFree Holdings, a mortgage technology vendor in Atlanta, received a U.S. patent for its automated asset verification system, AccountChek.

Document imaging and data processing firm Kofax has launched new consumer-facing technology designed to make it easier for borrowers to submit their financial information for a mortgage application.

Altisource Portfolio Solutions' acquisition of Mortgage Builder Software will close next month, the companies announced Monday, following weeks of rumors but no official confirmation of the deal.

Under the Consumer Financial Protection Bureau plan, lenders would need to respond to virtually every public complaint — even those by consumers, disgruntled employees, and competitors that abuse this forum.

Nearly five years after Bank of America dumped the Mortgage Servicing Package for technology it obtained in its acquisition of Countrywide, a forlorn Black Knight Financial Services is trying to win back the country's third-largest servicer.

Fiserv and ChannelNet have added a feature to LoanLink, their borrower self-service tool, that lets distressed consumers apply online to restructure their mortgage or installment loans.

Wolters Kluwer Financial Services will launch a suite of training tools to help lenders comply with the Consumer Financial Protection Bureau's new integrated mortgage disclosures.