Mortgage technology

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.

Social media expert says there is a trust hierarchy of marketing.

The technology that lets a user deposit checks by taking photos of them with his smartphone is being applied to mortgage documents, though with some limits.

The Mortgage Industry Standards Maintenance Organization named the leaders of two newly formed committees.

Blueberry Systems said that its Relay loan origination software now integrates with DocMagic’s document preparation and compliance technology.

CoreLogic reported net income of $36.2 million for the third quarter.

Upbeat meeting tempered by an uncertain future.

Global DMS has launched its Global Unity Project, an initiative that seeks to create seamless integrations with all of the major loan origination systems.

A heightened focus on due diligence and loan file reviews has made it imperative for lenders to incorporate quality control technology and processes that can minimize repurchase risks.

Kofax has introduced Mobile Capture for Mortgage, which the company says speeds the loan approval process, improves accuracy and lowers processing costs.

For smaller banks, searching for revolutionary technology is a bit like window shopping in Beverly Hills.