Mortgage technology

If it wasn't a malicious attack, what else could have overwhelmed the mortgage loan origination software vendor's servers at a time when originations are in the doldrums?

As the rest of the housing industry recovers, a little-known firm with a key role in mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.

From hyper-personalized "one-to-one marketing" to ad campaigns that narrowly target veterans, originators are seeking vendors' assistance in their efforts to retain and grow volume.

The Consumer Financial Protection Bureau has invited consumers to complain about getting a mortgage and it is getting plenty of responses.

Some nonmortgage technologists think lenders are behind the times when it comes to reaching consumers, and they can help.

Mortgage lenders are retooling their approach to customer acquisition to increase business in a purchase-driven market.

Legal Battles Took a Toll on JPMorgan Chase, but CEO Jamie Dimon is now urging investors to focus on the future. Among his top initiatives for 2014: making the most of big data and strengthening cybersecurity.

There is only one week remaining to submit a nomination for the 2014 Mortgage Technology Top 50 Service Providers.

The final deadline for nominations is 6 p.m. EDT Thursday, April 17, 2014.

The USDA's Rural Housing Service is seeking congressional approve for a lender-funded update to its loan-guarantee program that will speed up loan processing.

Freddie Mac will soon add another automated review on the appraisal reports it receives through the Uniform Collateral Data Portal.

Disclosing loan-level data is crucial to rebuilding investor confidence in mortgage-backed securities. It also introduces the risk of compromising borrowers' personal information.

CoreLogic has agreed to add Equifax's the Work Number platform to Credco, its verification-of-employment service.

While distributed denial-of-service attacks typically crash systems with waves of invalid data requests, the manner in which Ellie Mae's technology was overwhelmed suggests the culprits were familiar with the mortgage business.

As the real estate market continues to recover, regulatory pressures are pushing mortgage executives to place consumers and their interests front and center in mortgage transactions.

The 10X Award honors a company, product or technology that's had an exponential impact on mortgage finance. Learn about this year's finalists and see who won the 2013 MT Award.

Company says it it found no evidence of a data breach and that borrowers' personal data "remain secure."

Loan closing delays caused by the attack have forced lenders to pay for rate lock extensions and hedging losses, while home closings funded by purchase mortgages have also been delayed.

Ellie Mae Inc., the provider of software used by lenders to make home loans, said a technical breakdown this week has prevented some mortgages from closing.

The Federal Housing Administration will require lenders to submit full electronic appraisals for the mortgages it insures — a risk management practice Fannie Mae and Freddie Mac adopted two years ago.

With more reliable loan data, Fannie Mae and Freddie Mac would have greater confidence that borrowers would not default. In return, lenders would receive a juicy carrot: fewer buyback requests.