Mortgage technology

Tim Duncan, who was a key player in helping Elizabeth Warren form the Consumer Financial Protection Bureau, is launching a new mortgage company.

Loan Value Group has begun to facilitate the delivery of government-funded principal reductions in an effort aimed at getting the relief to qualifying underwater borrowers in Arizona more quickly.

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Patricia Rauch has joined appraisal technology provider Global DMS in the newly created position of chief operating officer.

Increased regulatory scrutiny in recent years has included a greater focus on how mortgage-related assets such as servicing rights are recorded on the books.

Automation has helped the industry keep up with Consumer Financial Protection Bureau regulations, good-faith estimate fee disclosures and single point of contact requirements that have challenged the industry.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

Oftentimes, appraisers don't feel like reviews are processed by qualified real estate property valuation professionals.

ServiceLink said that Kevin Coop has joined the company as executive vice president of enterprise strategy.

Chase reached out to Quicken regarding the source code of its origination software.

The acquisition will add more than 1,500 mortgage risk specialists to service provider MphasiS and help the company provide more intense mortgage risk analysis.

Lots of financial institutions use social media as a marketing and customer service tool, but few have figured out how to actually make money from it.

Fifth Third Bank is combining mobile technology and a browser-based loan officer portal to build its mortgage business and better communicate with borrowers.

William Neville is working on expanding the usage of Mortgagebot and Avista origination technologies organically in the near term.

Zillow has reached an agreement to acquire HotPads, a map-based rental housing and real estate search engine, for $16 million.

Ellie Mae said that Susan Chenoweth Scarth has joined the company as senior vice president of marketing.

The taxman is allowing electronic signatures to be used for income verification documents, removing a lingering obstacle to paperless origination.

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The recovery of the mortgage market relies partly on banks' ability to quickly sell the real estate properties they own to new buyers.