Mortgage technology

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.

When it comes to appraisals, the key words in today’s market are quality and defensibility. Inaccurate valuations result in serious risk. When loans go sour, no investor or lender wants to be the one stuck holding the bad loan. Today, the threat of a forced buyback, or even follow on legal action, is all too real.

A federal judicial panel denied a motion to include the Dallas County district attorney’s lawsuit against Merscorp in the ongoing multidistrict litigation against the private loan registry in Phoenix.

Real Matters, the Markham, Ont.-based parent of Solidifi, an appraisal management solutions company with operations on both sides of the border, has obtained C$22 million (US$22.13 million) of "growth financing" through the placement of both equity and debt.

Tree.com, Charlotte, N.C., has modified the agreement with Discover Financial Services regarding the latter's purchase of Home Loan Center, which does business as LendingTree Loans.

County recorders in New Jersey will now be required to accept electronic documents, following the recent enactment of a bill to modernize the land recording process.

David Zugheri, founder of Houston-based Envoy Mortgage discusses preparing for the Uniform Mortgage Data Program.

David Zugheri, founder of Houston-based Envoy Mortgage discusses his bank’s approach to technology adoption.

Richard Cordray extended an olive branch to the banking industry last week when he said the Consumer Financial Protection Bureau would support legislation to protect data that institutions provide during exams.

Business process outsourcing and workflow platforms originally tended to be separate, but it has begun to make more sense to package them together, according to Narayan Bharadwaj, business head for Wipro Gallagher Solutions.