Mortgage technology

In the modern world, paper documents are an obstacle between servicers and their own potential competitiveness.

We're hearing that cloud computing may weigh heavily on the future of mobile device management for the financial services industry—in a good way.

The results of the Consumer Financial Protection Board’s rulemaking process add costs and time to the loan origination process.

When you speak to servicers nowadays, the number one concern many companies are battling right now is complying with new industry regulations.

OptifiNow, a maker of mortgage lending software, is rolling out a service to streamline paperwork and ease compliance.

Lorraine Brown, former president of the mortgage document processor DocX LLC, was sentenced to at least 40 months in prison on a racketeering charge in a robo-signing case.

Redfin has created a tool where homeowners can obtain estimates of their property’s value on what it says is a real-time basis.

CoreLogic has integrated compliance and fraud risk mitigation solutions into seven loan origination systems.

If you want to get something out to the industry in a hurry, Twitter is one of the fastest methods to get it done.

The Securities Industry and Financial Markets Association recent held a meeting on “The Future of Global Capital Requirements,” noting that one of the “main themes of industry response” to rulemaking in this area so far has been that generally “the proposals would result in much higher capital requirements” for most positions.

Cogent Road said the upcoming version of its Roohmz Enterprise Loan Production System will integrate with DocMagic.

Net income for 1Q13 was $3.9 million, or $0.14 per diluted share, compared to net income of $3.6 million, or $0.16 per diluted share, during the same time period last year.

Old Data is dead, long live New Data.

Since the economic downturn mortgage fraud has been a prevalent issue plaguing the housing industry for several years.

For the past decade, the social media scene for originators has been compared to the Wild Wild West.

Worries over fraud, as well as the Consumer Financial Protection Bureau holding lenders responsible for the actions of the third parties they use, is what is behind programs to vet title agents.

The banks object to a consolidation, saying each of the cases has separate claims, defendants, originators, disclosures, loans and evidence.

Rockville Financial said adding an online mortgage application was one of the reasons the bank holding company had a 74% increase in originations in the first quarter.

Mortgage Grapevine poster Jusross is unhappy with the online mortgage application software he is using.

As housing markets continue to stabilize across the country with rising home prices and inventories shrinking in these cities, this ultimately leads to the possibility for a higher potential of mortgage fraud.