Mortgage technology

Ellie Mae’s stock will begin trading on the New York Stock Exchange. The stock has traded on the NYSE-owned American Stock Exchange since the Pleasanton, Calif.-based mortgage technology vendor’s $45 million initial public offering in April 2011.

There are redundant quality control measures used in the third-party origination process that might be resolved if market participants could overcome compliance concerns and trust issues and agree on a neutral, secure data platform or best practices, according to a recent industry discussion.

The housing crisis is one of the longest lasting effects of the economic recession, with home foreclosures continuing to stain our economy. As more homes enter and remain in foreclosure, the servicer (whether on its own or on behalf of the investor) is responsible for maintaining these properties per local and state regulations. And mobile apps have added a new tool servicers can use in the field.

Picking a new loan origination system is as much about the bells and whistles that it offers as it is the realization that your company for all intents and purposes is marrying its future to the vendor chosen.

When he first came up with the concept for LenderCity Home Loans just before the turn of the century, Gregg Harris ended up being a few years ahead of his time.

Wall Street investors are demanding new data and analytics to evaluate existing and new MBS deals.

Originators have been linking loan origination systems that don’t have certain e-mortgage capabilities to everything from document management systems and e-signature technology to electronic fax-receiving automation in the slow but inexorable transition toward the e-mortgage, something that is about to take another small but significant step forward this year.

Abhinav Asthana of Wipro Gallagher Solutions discusses mobile technology security concerns.

New regulations have, and are expected to continue to impact the commercial real estate mortgage servicing industry, while process redesign and technology implementations are helping organizations improve efficiency, expand offerings and in many cases, retain staff.

LemonDrop, a networking group for women mortgage industry professionals, held a reception at the Arizona Biltmore Hotel in Phoenix during the Mortgage Bankers Association’s technology conference in April.

The Federal Reserve Board is using YouTube to try to reach more borrowers who may be eligible to have their foreclosure files reviewed as part of consent agreements with the 14 largest mortgage servicers.

Loan origination system vendor Mortgage Builder said it will acquire GCC Servicing Systems, the mortgage servicing technology vendor that it was spun off from in 1998.

In a buyer’s market, the smallest of processing hiccups can cause a lender to lose a potential borrower, which is why lenders place a premium on developing new digital delivery strategies.

With all the complexities involved in the management of distressed real estate assets, Wingspan Portfolio Advisors president Steven Horne said his company finds a literal overview of all of them is useful in drawing up strategies for handling the work.

Iron Horse Auction Company is conducting an online auction through next weekend selling 100 bank-owned properties in North Carolina and Virginia to investors and prospective homebuyers.

The days of mortgage companies embarking on large, expensive and open-ended information technology projects are long gone and executives are focusing their efforts on smaller-scale projects that produce faster results, according to a panel at the Mortgage Bankers Association Commercial/Multifamily Servicing and Technology Conference this week in Dallas.

It is no surprise that the law of supply and demand drives costs upward or downward depending on the trajectory of the major component. The same principle holds true in the rental market.

Changing market dynamics are putting more stress and constraints on commercial real estate servicing, causing processors to reevaluate their business models and strategies, according to a panel at the Mortgage Bankers Association commercial mortgage servicing and technology show this week in Dallas.

Documenting and verifying a borrower’s income is one of the most basic tasks for an underwriter. While this appears to be relatively simple, validating income has become increasingly complex and susceptible to borrower fraud.

You remember the HARP program, don’t you? Originally, the idea was to refinance current but high LTV Fannie Mae/Freddie Mac borrowers into new, lower-rate loans—provided they were current. Home values (and lack of equity) reeked havoc on the concept so Uncle Sam took the LTV girdle off.