Mortgage technology

While MERS QA is neither unreasonable nor unexpected, the challenges uncovered in the race to comply are significant. Never before has the industry asked servicers to ensure the data of originators.

ClosingCorp has introduced a business-to-consumer online loan cost estimate calculator that includes a lead generation component, and is offering it in conjunction with real estate Internet sites.

Banks and consultants are looking to improve money laundering detection systems using lessons adapted from their fight against consumer fraud.

Technology is building new bridges between traditional appraisals, automated valuations, sensitive property data and housing market analytics. Federal regulation adds to the mix the development of regulatory-compliant appraisal solutions for banks and third-party service providers.

Boston-based Highfields Capital Management, which owns a 7.7% stake in CoreLogic, accused CoreLogic's board of directors' "desire to maintain control rather than doing what is in the best interest of shareholders."

Tree.com lost $1.1 million in the fourth quarter, after experiencing reduced revenue from its lead generation business. It also took a $5.6 million impairment charge on intangible assets.

The same benefits and legal foundation that guide mortgage lenders' paperless origination capabilities are now being applied by servicers performing loss mitigation, according to a panel at this week's Mortgage Bankers Association servicing conference.

Servicing regulations and oversight aren't new concepts for mortgage bankers, but the motivation and processes are evolving to meet the demands of current market conditions.

Maryland is developing a pilot program to take its mandatory foreclosure mediation process paperless.

Even though the short sale market was slow to develop in 2011, there are many people within the mortgage industry that think 2012 could be the year of the short sale as delinquencies and foreclosures continue to be a major problem throughout the country.

Woodward Asset Capital has made technological advancements to their two software solutions enabling small banks to have the capability to access these tools to monitor fraudulent activities in the distressed sales marketplace.

Technology providers are rolling out new updates and products this week at the Mortgage Bankers Association's servicing conference in Orlando.

For every 12 relationships that you systematically market to each year, you can expect two transactions. One will be a direct buyer or seller, and the other will be a referral. Compare that to your marketing efforts towards strangers. He found that for every 50 people that you market to that you don’t know, you can expect one transaction. Which approach makes more sense?

Mortgage technology vendor CoreLogic this week unveiled a new default servicing platform that includes nine modules that interconnect within its architecture.

Apple co-founder Steve Jobs revolutionized the computer, phone and music industries. But mortgage banking? Okay, so Apple (from what we know) has no designs on mortgage banking, but it's interesting to think about it because the inventor of the iPhone/iTouch/iPad and other gadgets is sitting on roughly $100 billion of cash and securities.

The cyber attack on homebuilder D.R. Horton’s mortgage division impacted a crucial piece of the lender’s mortgage technology; it’s online point of sale system.

The mortgage division of D.R. Horton recently fell victim to a cyber security attack, potentially compromising sensitive borrower data, the Fort Worth, Texas-based homebuilder disclosed late Thursday.

Two private equity investors have agreed to buy TransUnion Corp. Advent International and GS Capital Partners VI Fund LP will buy the credit bureau from its current stockholders, including Madison Dearborn Partners and the Pritzker family business interests.

• Strategies for the New Servicing Market• Q&A with Freddie Mac’s CIO• Infrastructure as a Service• Tech Trends in Default and Performing Servicing

In these times where dispensing consumer credit has been akin to doing it through an eyedropper, the use of alternative data sources is one way to possibly increase the flow of money, one proponent said.