Mortgage technology

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.

The nearly three-year-long legal battle between Ellie Mae and DocMagic may be close to a resolution, according to recently filed court documents.

Demand, as a rule, leads to innovative business strategies. It is pressuring specialized vendors and other third-party servicers to strategize their business improvements so they can fill the gap created by the banks.

Citing a lack of transparency for both consumers and mortgage professionals, Experience 1 Inc. and its operating units Advantage Title and Title365 have come out with a new online platform Title365.com.

Warehouse club Costco Wholesale started partnering with banks to offer mortgage services online last year, and it wants to get into auto lending and, perhaps, student loans.

Davis Henderson, the Canadian technology company that acquired online point of sale vendor Mortgagebot for a staggering $232 million last year, completed the acquisition of loan origination system vendor Avista Solutions for $40 million, the company announced Thursday.

Going paperless makes sense because it cuts costs and grows business.

A new Federal Housing Finance Agency initiative will require the government-sponsored enterprise to create a common data standard and new servicing form under the Uniform Mortgage Data Program.

Ellie Mae nearly doubled its revenue in the first quarter of 2012, turning net income of $3.6 million, compared to a net loss of $800,000 in the year-over-year quarter.

Quicken Loans Inc. plans to increase staffing at its Cleveland Web Center by at least 25%, as the company will add 100 new employees to the more than 300 already working at the location.