Mortgage technology

While banks applaud the Consumer Financial Protection Bureau's goal of simplifying the tangled mass of required mortgage disclosures, the industry has found that simpler is not always better in the agency's proposal for streamlined forms.

The residential finance division of JPMorgan Chase plans to roll out a new mortgage origination technology platform next year.

When it comes to certain things in the default industry, many folks seem to equate “leading edge” with anything paperless. Nowhere is this more true than in REO invoicing.

Our annual Mortgage Technology Conference is returning to Collins Avenue next week after a few years on the road.

An effective date for the Internal Revenue Service’s acceptance of electronic signatures on the 4506-T forms that used to check the integrity of borrowers’ submitted tax information has been set for Jan. 7.

First Niagara is scheduled to open a processing center next month in Syracuse.

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

Interthinx has expanded its suite with a new MERS compliance audit service.

RES.NET has added a new feature to its buyer portal application, allowing prospective homeowners the opportunity to search for properties that have not been advertised on the multiple listing service.

Loan modifications continue to be a smart move politically and from a risk management perspective, and new technology is aimed at streamlining the way qualifying documents are moved between borrowers and loan servicers.

After more than three years of regulatory requirements, some of which involved the implementation of technology, the moment that the origination industry has been waiting for has arrived.

Zillow CEO Spencer Rascoff said the company is focusing on a strategy of “building home-related marketplaces.”

Mortgage lead generation revenue grew by 27% over the third quarter of last year.

Randy Gillis has been appointed the chair of the strategic planning committee for the Mortgage Industry Standards Maintenance Organization.

Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.

The Federal Housing Finance Agency recognizes that Fannie Mae and Freddie Mac likely will be around for a few more years—and the only way to reduce their dominance is to raise guarantee fees while providing a secondary market execution for private securitizations.

One of its highlights was technology, data and analytics where revenue rose 11% to $192 million. Its EBITDA margin was 26.7%, up 460 basis points from last year.

Timios National Corp. aappointed Trevor G. Stoffer chief operating officer and Norman E. Gottschalk III chief technology officer.

The CFPB and FHFA said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

The Department of Justice suit against Bank of America shows that beyond enforcement through regulators, lawsuits are increasingly focusing on the systems lenders use.