Mortgage technology

Quality Mortgage Services has launched an offshore subsidiary that specializes in knowledge and business processes outsourcing for lenders and servicers.

The Department of Housing and Urban Development has launched its first housing discrimination mobile application.

Data show the distressed asset inventory is dwindling down simultaneously, opening the way to a sustainable housing recovery and gradually closing what appears to be a window of opportunity in short sales.

The Transforming Valuations Award recognizes technology advancement in the appraisal, broker price opinion or automated valuation sectors. Learn about this year's finalists and see who won the 2012 MT Award.

Specialized Business Software has enhanced its Docunym Document Management Solution tool to help mortgage servicers automate loan processing in compliance with federal and state level regulation.

Mortgage lender and servicer New American Funding has chosen Ellie Mae’s mortgage management system.

Post-closing document management has taken on new importance in the mortgage industry, particularly in light of record foreclosure volume, the robo-signing scandal and subsequent regulations and scrutiny.

Since 2007 when the volume of delinquent mortgage loans increased to unprecedented levels, while surprised and unprepared, servicers started to reinvent their business and adjust to the new reality.

We're hearing in the last few years, private equity, hedge funds and Wall Street types have eyed the distressed housing market for buying opportunities.

Electronic signatures can help mortgage originators increase their sales, move things quicker through the process and as a result get better prices for their loans from investors.

Lenders will handle an estimated 1.5 million maturing lines of credit per year in the next several years.

Benedict Group Inc. has added a series of automated data bridges between its loan servicing software and the CRE loan origination and asset management software of The Rockport Group.

Fox Chase Bancorp hired Thomas Petro as president and chief executive in mid-2005 with a mission to turn around a mutual thrift that was fighting to survive.

Origination services-related revenue helped increase CoreLogic’s net income from continuing operations, as well as diluted earnings per share from continuing operations.

A variety of technology tools can assist mortgage servicers in implementing an effective single point of contact program.

Decision Ready Solutions and Wolters Kluwer Financial Services are teaming up to provide a strategic solution designed to assist mortgage servicers solve new Federal Housing Finance Agency requirements.

Financial institutions are evolving their practices to better respond to the needs and demands of the next generation of customers, including mortgage borrowers.

Wolters Kluwer Financial Services said that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company’s residential mortgage preforeclosure compliance content.

Wipro Gallagher has upgraded its loan origination system, NetOxygen, to provide more detailed and accessible loan information.

Re/Max and RES.NET are forming a partnership in which the former’s real estate agents will get direct access to the latter’s recently upgraded agent portal.