Mortgage technology

In light of new regulations, servicers need to take a fresh look at their servicing file tools, processes, policies and procedures.

Altisource would gain a venue to sell more of its origination services, while Mortgage Builder would get a larger company's backing to help achieve its goal of faster growth.

While use of facsimile has decreased in the workplace for general business practices over the years, fax machines still remain the default delivery method for sending and receiving mortgage payoff statements.

A new analysis by TransUnion gauges just how much the reporting of on-time rental payments can improve consumers' credit scores, especially for those with blemished credit.

A significant number of lenders are submitting the data required by Home Mortgage Disclosure Act with formatting errors, according to a new study.

Fidelity National Financial and First American Financial are pitching lenders additional technologies and services that complement their core title businesses. CoreLogic, by contrast, is diversifying its clientele beyond mortgages.

The CFPB believes that the answer to all of these problems lies in taking the paper completely out of the transaction and closing electronically.

Today, LinkedIn is the de facto standard to connect with other business executives on social media.

Nearly twice as many direct lenders are offering electronic disclosures to consumers now as they were only one year ago, and most of the consumers are opting to use them.

Carrington Mortgage Services launched a marketing portal to allow its brokers to close more loans in their respective markets.

Fannie Mae's short sale portal has been updated with new features for real estate agents.

Ellie Mae, the mortgage technology vendor, has hired 20-year industry veteran Harry Gardner as vice president of electronic strategies.

Mortgage lenders may have managed to learn about hashtags and followers, but streaming audio and podcasts are still pretty mysterious to them.

ReverseVision has launched an online education platform aimed at teaching lending professionals about reverse mortgages.

Prior to 2006, the industry primarily relied on enforcing lender representations and warranties. Recent widespread litigation has shown the immense costs of relying on cures. Prevention is a better solution.

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The right use of technology will allow the originator to be the first responder to an inquiry.

The Mortgage Technology Awards recognize innovative technology developers and users that are promoting more efficient and cost-effective lending practices. The awards are among the most coveted in the industry.

Productivity is reduced when loan officers, processors and underwriters ask borrowers for the same data.

So, every week I write a column in this space, and often I get some interesting feedback.