Mortgage technology

Abhinav Asthana of Wipro Gallagher Solutions discusses issues and trends around mobile technology.

In order to remain competitive, small lenders need to integrated underwriting systems and the ability to provide market, sponsor and property history reports and information at the push of a button.

Insiders agree that certain types of solutions can serve as the best antidote to the still pervasive mortgage loan repurchase challenge.It is fueling a renewed drive to design tools that infuse all aspects of the mortgage production chain into coherent systems that are more efficient and transparent throughout the life of the loan.

Here's a fact you may not be aware of: properties governed by homeowner associations are the most rapidly growing form of housing in the U.S. today. Nearly 80% of new home construction is connected with an HOA or community association, according to the Community Associations Institute, the trade association representing HOAs.

• AVMs
• Investor Tech
• Mortech Survey
• Tech Shopping
• LOS Special Report

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

Zillow Inc. is intensifying its efforts to create an untraditional media model that expands through strategic acquisitions.

Real estate auction veterans Michael Fine and Alan Kravets formed Hilco Real Estate Auctions, which will provide buyers and sellers with transparent sale methodologies for conducting real estate transactions.

How effective is social media as a sales tool? According to a pair of researchers at Behavioral Sciences Research Press, the old tried and true method of person-to-person contact is much more effective.

The Federal Housing Administration will begin collecting full, electronic appraisal reports for the mortgages that it insures.

The FHFA has created a financial incentive for executives at Fannie Mae and Freddie Mac to ensure that deadlines for the Uniform Mortgage Data Program are met.

John Robbins has created mortgage production platforms from scratch before, most notably with American Residential Mortgage and American Mortgage Network. But his latest venture, he admitted, was in at least one way a little more difficult because of how the industry environment has changed in the past few years.

Freddie Mac CIO Robert Lux shares his thoughts about the GSEs’ Uniform Mortgage Data Program.

The discussion in a number of panel sessions at the Mortgage Bankers Association National Secondary Market Conference in New York on May 6 through 9, was if, let alone when, private capital would return to the industry. In the exhibit hall, much of the vendor focus was on technology and compliance which would ease that transition. Nary a wholesaler or correspondent aggregator was exhibiting.

Experian has agreed to sell a trio of consumer comparison shopping sites, including mortgage lead generation site LowerMyBills.com, to Ybrant Digital, Hyderabad, India, for $175 million.

The Consumer Financial Protection Bureau has hired Chris Peterson from the University of Utah, adding a formidable critic of mortgage securitization practices and payday lending to the young agency's staff.

Deploying dual monitors improves the transition to paperless.

Before implementing a mortgage tech strategy, lenders and servicers need to execute a hardware strategy.

Industry vendor CoreLogic has decided to close its appraisal management company in Danvers, Mass.

The tool provides investors with property-level information to make business decisions regarding which properties to possibly buy and convert into rental units.