Mortgage technology

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.

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.

The special inspector general for the Troubled Asset Relief Program said Wednesday that it worked with Google to suspend advertising for a slew of alleged online mortgage modification scams.

When it comes to technology, the mortgage origination space is holding out for what a panel at National Mortgage News' Mortgage Technology conference in Miami called "the Holy Grail." But lenders shouldn't hold their collective breathes, the presenters agreed.

Two Michigan registers of deeds have filed a class action lawsuit against Mortgage Electronic Registration Systems for allegedly not paying proper county and state transfer taxes.

A new Senate bill proposing to wind down the GSEs by at least 10% a year also includes a provision that would replace the private MERS System with an identical platform run by the Federal Housing Finance Agency -- along with new national standards for mortgage title transfers.

Mortgage technology vendor Ellie Mae on Friday announced that it has promoted Jonathan Corr to chief operating officer.

Mortgage Technology magazine, an Origination News affiliate, presented its 12th annual awards last month.

The Federal Housing Administration and Internal Revenue Service will begin allowing electronic signatures on FHA loan documents and the 4506-T form in 2012, according to the Mortgage Bankers Association.