Mortgage technology

DocMagic and Ellie Mae have yet to settle their legal dispute and the presiding judge granted an extension to his deadline for the companies to come to terms.

Controversy about what method leads to higher real estate valuation accuracy and realistic pricing is keeping up competition between vendors striving to custom fit their tools to the changing needs of their lender and servicer clients.

The web portal will provide homeowners with information that helps them make knowledgeable decisions about what foreclosure alternative options are available to pursue.

Technology at home is about wants, while technology at work should be about needs—business needs.

Technology can provide a do-it-yourself origination process. But are borrowers ready?

Appraisers may have started to change their business practices one at a time probably only a few years ago, but their strategy shift and where they are headed already has started to become clear.

Chip Mahan, the founder of the first online bank, Security First Network Bank, and current CEO of Live Oak Banking Company in Wilmington, N.C., has helped launch a cloud-based technology company called nCino that has already signed up Live Oak and five other banks.

In an exclusive interview with Mortgage Technology, Davis Henderson President and CEO Gerrard Schmid explains how the Canadian tech developer plans to combine Mortgagebot’s POS and Avista’s LOS technology.

Lenders that shift to a retained servicing model must make significant modifications to their technology and processes.

CitiMortgage will be the second correspondent mortgage investor to use a technology and services offering from Ellie Mae that provides tamper-proof versions of borrower verification data on loans sold by correspondent lenders.

Ellie Mae generated total revenue of $23.6 million in 2Q, up 106% from the same period last year when Ellie Mae posted a net loss of $40,000 off revenue of $11.5 million.

Electronically signed 4506-T forms will mean that lenders will be able to verify the borrower’s income in as little as a few minutes.

Ellie Mae has upgraded its Encompass360 loan origination system with new features to increase compliance and efficiency.

A new Mortgage Industry Standards Maintenance Organization workgroup intends to create a universal loan document identification protocol that would be based on loan-specific data and enable any entity across the lending process to use a common formula to create or recreate the unique identifier.

New advances are providing technology to mortgage industry and secondary market participants that allows them to access detailed information about residential mortgage-backed securities.

Up until a year ago, I had never considered using video as a way to communicate with the thousands of loan officers and real estate agents I connect with on a monthly basis.

CO-OP Member Center is partnering with LenderLive Network to provide credit unions with mortgage outsourcing services.

Conix Inc. completed a record second quarter by acquiring $112 million worth of distressed real estate.

Special servicers work with information from multiple sources and they have to ensure quick and accurate dissemination of that data within its organization, which creates numerous data management challenges.

Mortgage vendor Nationwide Title Clearing is continuing to hire new employees, adding 66 full-timers in the second quarter.