Mortgage technology

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.

Clarifying if a gift card giveaway on my business Facebook page is a violation of the anti-kickback section of RESPA.

Lenders and loan officers are increasingly using social media to scout for customers, raising a host of compliance concerns, from preventing unauthorized use of brands to monitoring employee communications.

Mortgage originators have been slow to adopt this tool which can assist in educating potential clients about your products and services.

HSH.com, a New Jersey-based publisher of consumer loan information, released an online tool to help consumers calculate the cost of a mortgage.

The title giant is betting it can capitalize on growing demand for technologies that will help lenders stay competitive. The challenge will be doing so without getting stung itself by the industry's regulatory and volume problems.

The Federal Housing Administration's new electronic signature policy contains confusing language that could stifle lender adoption, despite its good intentions, paperless-mortgage advocates warn.

Lenders do not necessarily have to work with AMCs. However, in reviewing all they take on and manage, it is clear where the benefit of an external partner comes into play.

The quarter's revenue and profits could have been worse, according to CEO Sig Anderman, especially since "following the outage we experienced on March 31, we incurred forensic and consulting fees."

Satisfying the nine pillars of servicing standards which took effect earlier this year has increased complexity—forcing banks to reassess systems, processes and policies.

Last week I wrote about how the college application process compares to the mortgage industry, and I got a lot of commentary on that, more than anything else I have written in the past few months.

The company is using proprietary automation to support the channel. Jeff Walsh, who formerly was involved in another wholesale startup, heads the new operation.

Decreasing mortgage origination volumes were the main driver that contributed to a 6% drop in CoreLogic's first-quarter earnings from a year ago.

There is a lesson to be learned for mortgage originators about guarding your business' name from the #myNYPD social media failure.