Mortgage technology

With housing prices falling and the number of vacant properties on the rise, banks are under pressure from regulators to improve their loss mitigation success rates.

LoopNet, a company that tracks all commercial real estate transactions nationwide including office, industrial, retail, multifamily, hotel, land, specialty properties and businesses for sale, has made changes to improve its database.

Product and pricing engine NYLX is adding to its platform a Mortgage Harmony loan product that gives borrowers at certain times the option of lowering their rates to market level.

Risk mitigation provider Interthinx has launched its Quality Control Review Services product that combines the firm's automated technology platforms with loan-level audit expertise.

HP Enterprise Services, Palo Alto, California, has signed a five-year extension of its agreement with Loan Value Group LLC, Rumson, N.J.

Certain types of automation are increasingly central to most branching strategies these days. This is true not only in terms of managing branches within the company, but also in terms of interactions with external business partners that are part of the loan-making process.

Many lenders still rely on paper loan files that get passed from loan officer to underwriter, underwriter to closing agent, and so on, during the origination process.

Mortgage document preparation software is kind of like shopping for a new suit. Like the rows of suits in a variety of styles, colors and sizes; massive libraries contain a variety of ready-to-use electronic forms for lenders to prepare initial disclosure and closing documents.

Default servicing technology provider DecisionReady this week released a new compliance management module designed to aid servicers in handling their relationships with vendors.

The Mortgage Bankers Association will resume running the day-to-day operations of its MISMO subsidiary on Dec. 1, taking the task back from Merscorp, which has been handling those duties since February 2009.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System is legal in the Lone Star State.

Consumers are sharing more personal information online than ever — but they don't want to share it with their mortgage lenders and banks.

BuildFax and DataVerify have come together to create an automated solution that confirms if a proper appraisal was conducted for newly constructed properties.

A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.

New Man at MERS—Q&A with Bill BeckmannTop Tech-Savvy LendersArchitecting Software—The .NET revolutionCompliance Checklist—Regulators using new e-exams

Bill Beckmann begins each week with a flight from his home in St. Louis to Washington, D.C. The weekly flights have become a routine of sorts since he took on a job that of late, has become among the most daunting among executive jobs in the mortgage industry, president and chief executive of Merscorp Inc.

ISGN, Bensalem, Pa., last month at its client conference highlighted the accessibility of its Catapult origination system via smartphones and tablet devices at its client conference in Atlanta.

Ann Fulmer first encountered the negative consequences of mortgage fraud when a property-flipping scheme ran rampant in her suburban Atlanta neighborhood. She took the fraudsters on, using her experience as an attorney to investigate and root out mortgage fraud.

The National Association of Mortgage Field Services and REO property preservation and maintenance company Field Asset Services have recently launched two new tools to improve communication between code enforcement officials and field service providers.

Default servicing technology provider DecisionReady has released a new compliance management module that will help servicers handle relationships with their vendors.