Mortgage technology

On the surface, it seems mortgage firms must explain valuation reports to each new applicant or eliminate the use of lower-cost advanced valuation intelligence. However, there may be another option.

Lenders should avoid repeated mistakes in their process as they could be used as evidence of a fraudulent intention to originate loans without proper safeguards and underwriting processes.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac will suspend work on the Uniform Mortgage Servicing Dataset to conduct a fact-finding exercise to identify broader data standardization needs in the servicing industry.

There is likely to be a record number of consumers shopping online for their mortgage in 2014.

The best thing to happen to the business over the last three decades was the development of the secondary agencies' automated underwriting engines. The worst? There are several strong contenders….

The vendor thinks it can meet lenders' needs by creating a system which manages the various tasks that must be completed to move a loan through the origination pipeline.

Mountain America Credit Union closed its first e-signed FHA mortgages, among the very first paperless loans executed under a policy enacted in January.

• Paperless FHA
• Servicing Roundtable
• Lender Outsourcing
• Appraisal Regulations

Underwriting is back in style and underwriters are in high demand as the requirements of investors and regulatory considerations require more documentation and more scrutiny around whether a borrower can pay back the loan.

A cybersecurity firm claims many large and small mortgage lenders are being careless with customers’ personal and financial data.

Black Knight Financial Services is seeking a buyer for PCLender, one of its three loan origination systems, three years after acquiring it.

Tree.com, the parent of LendingTree, increased fourth-quarter revenue by more than half from a year earlier, a feat the company credited to strategy changes and new products.

Hope LoanPort has started new collaborative partnerships with several national organizations to collectively provide foreclosure-related fraud prevention assistance to homeowners.

Zaio Corp., a Canadian company that tracks property values in the U.S., is in talks to acquire Axis Appraisal Management Solutions.

FICO plans to release a new broad-based scoring model this summer that helps lenders analyze a consumer's credit risk with greater accuracy.

Mortgage Technology is pleased to begin accepting nominations for the 2014 Top 50 Service Providers.

The nomination form is available on MT's website. Click here to access the application.

The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel. Learn about this year's finalists and see who won the 2013 MT Award.

Success in business, just as in team sports, depends on using the individual with the right skills to score.

New Year's resolutions are beginning to fade and the reality of the shrinking origination market has settled in for most residential mortgage lenders.

Wipro Gallagher Solutions announced its NetOxygen loan origination system has added an integration with mortgage technology developer Optimal Blue's product and pricing engine.