Mortgage technology

After having gone through an enormous disruption characterized by unexpected deterioration and massive losses, investors in residential mortgage-backed securities have a number of reasons to feel unsettled.

A new mortgage origination report developed by loan origination system vendor Ellie Mae provides insight into the books of business of the Pleasanton, Calif.-based software company’s lender clients.

William E. "Bill" Mills, Jr., co-founder and chairman of Atlanta-based public relations firm William Mills Agency, passed away on March 15. He was 78.

First American Title Insurance Co.'s national commercial services division has created an energy group, consisting of land title examiners, attorneys, project coordinators and insurance underwriters to work exclusively on energy-related real estate transactions.

Technology is an essential factor in the ongoing efforts to advance the efficiency and effectiveness of field service providers’ operations.

Jim Blatt, CEO of CRM vendor Mortgage Returns, explains how originators can use technology to build their referral business.

The Federal Housing Finance Agency's three-year effort to develop standardized loan data reporting requirements for newly originated Fannie Mae and Freddie Mac mortgages will finally go live this month.

Finale Document Services has created Spanish language reverse mortgage disclosure packages to comply with the unique real property requirements for Puerto Rico.

A key piece of case law supporting defaulted borrowers' fight against Mortgage Electronic Registration Systems Inc. was vacated Wednesday, after a federal judge ruled that a New York-based bankruptcy judge overstepped his authority when he issued a scathing opinion of the private loan registry.

Lenders are increasingly providing borrowers with online tools to complete loan applications. As this innovation takes off, lenders are adapting their businesses to evolve the role of the loan officer, while POS and LOS vendors are engaged in a showdown for the online channel.

Software commoditization via SaaS has drastically lowered costs for small and midsize lenders and the flexibility of transaction-based pricing is driving many technology decisions in the mortgage industry.

Among the next steps in the National Reverse Mortgage Lenders Association's Borrow With Confidence efforts will be a story-telling campaign, with seniors describing their experience with and benefits from the product, officials from the group said at its Eastern regional meeting in New York.

While facing continued pressure from its largest investor for a management shakeup, CoreLogic expects to benefit from continued mortgage refinancing activity, internal cost cutting and the introduction of new products.

For smaller companies, social media is a marketing equalizer versus larger competition. The question has been are they taking advantage of it and the follow up is if they are, are they doing it effectively?

Jim Blatt, CEO of St. Louis-based marketing technology provider Mortgage Returns, discusses the efficiency and compliance gains of customer relationship management technology.

Loan origination systems have in many cases largely been striving to keep up with inordinate demands for functionality during a time when resources are scarce by finding partners to help them extend their abilities.

The latest round of vendor consolidation in the LOS sector saw three mortgage technology heavy hitters acquire competing or complementary software developers in a series of moves that shook up the landscape of origination technology.

As Chris Larsen steps aside as Prosper Marketplace Inc.'s chief executive, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.

A listing agent gets assigned a bank-owned listing in a great neighborhood. A week or two passes while the bank's asset manager determines a list price. Meanwhile, the listing agent fields telephone calls from prospective purchasers and other agents.

Fannie Mae and Freddie Mac finally gave lenders the green light on Monday that their automated underwriting systems are ready to process HARP 2.0 loans.