Mortgage technology

MarketAxess, a U.S. and European fixed-income electronic trading platform, has made an initial foray into U.S. nonagency residential and commercial mortgage-backed securities markets that appears to be drawing some interest.

REO maintenance and inspections provider Mortgage Contracting Services has launched a new online platform to educate its contracted employees more effectively about how to do their jobs correctly and new regulations that go into effect.

County and state officials are turning up the heat on MERS, as recent lawsuits filed in Florida and Delaware challenge the validity and accuracy of the mortgage industry-controlled loan registry.

Whether users call it a one-stop shop, bounded services or component servicing, vendors are racing to leverage easy-to-use technology that can be constantly updated with new tools capable to help manage the mortgage servicing process and enhance the resale value of distressed properties.

• Protecting Against Cyber Crimes— Insurance against data breaches

Product and pricing engine vendor LoanSifter is the latest technology provider to feed mortgage rates and borrower lead data back and forth across Google Comparison Ads for lenders that advertise on the mortgage rate search platform.

The Obama administration seized on a rare case of bipartisan consensus Thursday — the need for strong consumer protections for members of the military — to pressure Senate Republicans to confirm Richard Cordray as director of the Consumer Financial Protection Bureau.

Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.

With the mortgage industry hyper-diligent about loan reporting these days, it is turning to technology to bring servicing operations in-house while achieving the same cost efficiencies that traditionally have been achieved via subservicing arrangements.

The 10X Award commends a company, product or technology that’s had an exponential impact on mortgage finance.Here are the finalists for the 2011 award.

The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel.Here are the finalists for the 2011 award.

The Green Lender Award commends the use of technology to promote sustainable and environmentally conscious business practices in the mortgage industry.Here are the finalists for the 2011 award.

The Harnessing Mobile Award commends the development and implementation of mobile technology in the mortgage industry.Here are the finalists for the inaugural 2011 award.

The Lasting Impact Award acknowledges an individual, group or company responsible for a technology initiative or development proven to have an enduring influence that’s transformed mortgage finance.Here are the finalists for the 2011 award.

The Online Originator Award commends a lender with a comprehensive strategy to use Web-based technologies to generate borrower leads and convert them into closed loans.Here are the finalists for the inaugural 2011 award.

The Release of the Year Award recognizes a new software, platform, alliance or initiative that’s expected to have the broadest future impact on the mortgage industry.Here are the finalists for the 2011 award. 

The Servicer of the Year Award recognizes a servicer using technology to optimize management of performing and distressed mortgage portfolios and ensures efficient communication with borrowers, investors and the mortgage servicing support industry.Here are the finalists for the 2011 award.

CoreLogic posted a net loss of $107 million off revenue of $348 million, the result of substantial losses from the discontinued operations of five business units in the third quarter of 2011. The results compare to a net loss of $93 million off revenue of $330 million in 3Q10.

The Steve Fraser Visionary Award is a lifetime achievement award that recognizes the accomplishments of an outstanding mortgage technology innovator, visionary or evangelizer.Here are the finalists for the 2011 award.

Loan origination system provider Ellie Mae reported net income of $1 million for the third quarter of 2011, down from a $1.7 million profit in 3Q10, but better than its losses of $40,000 in 2Q11 and $800,000 in 1Q11.