Mortgage technology

MRN Cubed, a mortgage outsourcing and consulting firm and the parent company of e-mortgage technology vendor SigniaDocs, acquired default management workflow vendor DepotPoint.

Given that lenders face a compliance requirement to track, time-stamp, document and archive every step in the origination and processing of a mortgage — and do it all as efficiently and cheaply as possible — it would stand to reason that business intelligence is the hottest product in mortgage technology today. It isn’t.

Online-only lender Quicken Loans received the highest score in the latest J.D. Power and Associates’ 2011 U.S. Primary Mortgage Origination Satisfaction Study.

A Georgia bank and nearby homeowners association management company have resolved five months worth of unpaid homeowners association claims with the help of Sperlonga Data & Analytics.

Matt Morris, who was recently appointed as chief executive of Stewart Information Services Corp., Houston, has created an executive team at the company.

I met with the members of our sister publication Mortgage Technology's advisory board during the recent SourceMedia Mortgage Technology Conference in Miami. I was interested in what they thought the next year would bring to the technology niche.

Lenders concerned about the control and compliance issues of letting employees interact with customers on social media sites might be interested in a software package released today that offers an option for managing those customer interactions.

The LOS has an ubiquitous presence in the day-to-day work of loan officers, underwriters and other lender employees. For these industry professionals, the LOS is a technology used as often as Web browsers and productivity applications like the Microsoft Office suite.

The mortgage industry is packed with folks who were probably high school kids who didn’t start studying until the night before an exam. While it’s possible to get a decent grade with last minute preparation in high school, in the business world it’s also almost impossible to make sound financial decisions when a deadline is biting at your heels. Quality takes time. Smart business decisions can’t be made in a hurry.

Members of the Mortgage Insurance Companies of America have developed a new loan workout template that helps address problems between a servicer and mortgage insurer when settling a borrower's loan modification.

Bankers concerned about the control and compliance issues of letting employees interact with customers on social media sites might be interested in a software package released today that offers an option for managing those customer interactions.

BBVA Compass, a commercial bank based in Birmingham, Ala., will be opening a new mortgage back office processing operations center in Tempe, Ariz., and will hire up to 100 people to staff it.

Default management vendor ServiceLink, Pittsburgh, on Tuesday named Chris Azur as its new president.

The government-sponsored enterprises' Uniform Mortgage Data Program has been marred with delays and setbacks since the earliest steps began at Fannie Mae two-and-a-half years ago with the precursor to the Uniform Collateral Data Portal, the technology platform that will accept full electronic appraisal reports in a new XML-formatted data file.

For the second straight week, the special inspector general for the Troubled Asset Relief Program has terminated more alleged fraudulent online mortgage modification scams that prey on vulnerable homeowners.

Technology vendor a la mode said its connection to the GSEs' new appraisal delivery portal has passed testing and is now operational, submitting appraisals to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal, or UCDP.

The appeals court ruling against MERS that caused the GSEs and the Department of Housing and Urban Development to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

Effective technology strategies will help define the “winners and losers” in the new era of mortgage banking, the CEO of loan origination system provider Ellie Mae said during this week's Mortgage Technology Conference in Miami.

Many of the mortgage industry’s leading professionals were on hand for the return of Mortgage Technology’s annual conference this week, and the beautiful Miami weather wasn’t the only thing that had attendees excited.

The willingness and ease of adopting new technology is tied to how that experience reduces or increases stress to the end user. When technology vendors and lender executives understand that dynamic, new mortgage technology can be implemented more effectively and with less resistance from employees, said Rene Rodriguez during a presentation at this week’s Mortgage Technology Conference in Miami.