Mortgage technology

Lender Processing Services had net income of $54 million in 1Q13, a 13% increase over the $47 million earned in the same quarter last year, even though revenue decreased 3% between the two periods. In 4Q12, when it settled some of the legal matters, LPS earned $2.8 million.

CoreLogic reported in its first-quarter results that it had acquired Case-Shiller from Fiserv back on March 20 for $6 million.

Wells Fargo released an update to its mobile applications to give borrowers the ability to manage their mortgage accounts from their mobile devices.

After insulting plumbers for a couple of weeks, I experienced a bit of karmic justice when I arrived home from my last round of travel.

It is a matter of preparing and motivating loan officers, both retail and wholesale.

National Mortgage Insurance Corp. has started issuing commitments, becoming the sixth active private mortgage insurer in operation.

Good communication is all about the sender and the recipient agreeing that they exchanged information and what that information was.

MortgageKeeper Referral Services has added resources to aid homeowners in case of natural disaster.

Fannie Mae and Freddie Mac have begun the preliminary work to update the required data points and format that lenders submit to the GSEs’ respective automated underwriting systems.

Mortgage data is more valuable when delivered through the cloud because several people can use the data at the same time.

ISGN Corp. and TruPoint Partners have partnered to develop a “mock audit” to help lenders prepare for a Consumer Financial Protection Bureau examination.

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

What do you think would happen if the CEOs and CTOs of mortgage companies were to switch jobs for a week?

Technology and education are two components helping Realtors, consumers, and servicers complete more short sales now compared to years ago.

Our industry is a complex system and there are a lot of pipes carrying a lot of information.

Xerox has restructured its signature lending platform to facilitate data exchanges between lenders, servicers, investors and third parties.

From smartphones and tablets to social networking, technology infiltrated the way we live so immensely it is hard to imagine not having them constantly at our fingertips.

The more regulators look into borrower complaints as an indicator of servicing quality, the more servicers are bound to expand borrower-related datasets and behavioral analytics to minimize loan default risk.

We're hearing despite all the progress the mortgage industry has made in going paperless, it's perhaps more than a little ironic that the most important event in the mortgage process is still largely a paper-driven affair.

DocMagic has launched BorrowerMobile, an application that allows tablets or smartphones to be used for consumer-lender communication.