Mortgage technology

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.

A recently established technology vendor says its new database of commercial mortgage information will serve as a lead generation tool for brokers looking to contact property owners who may need to refinance CRE loans.

Specialty mortgage servicer Wingspan Portfolio Advisors says it is further expanding into new residential-related sectors, including technology and insurance.

MGIC is in discussions to sell its eMagic unit as well as its Myers Internet business, a company spokeswoman confirmed. The pair contributes minimal revenue to the company and it has made a strategic business decision to try and divest them, she said.

As consumers continue to turn to the Internet to shop for virtually everything, online home hunting and property search destinations are big business. These Web properties have their strengths and weaknesses, and their owners are engaged in a battle to delineate the perceptions and realities that differentiate these portals from one another.

As credit unions seek to understand reasons for their lending problems, some need to look right in the mirror.

With the 2010 revisions to the Real Estate Settlement Procedures Act requiring lenders to provide mortgage and closing services information to consumers in an accurate and timely manner, ClosingCorp of La Jolla, Calif., has created a new pricing tool for title companies and settlement service providers to put on their own websites.

Appraisers will be following new procedures for gathering and reporting property data starting Thursday, as Fannie Mae and Freddie Mac move forward with the appraisal requirements of their Uniform Mortgage Data Program.

Radian Guaranty executive Camillo Melchiorre will leave his post as senior vice president of loss management to serve as president and CEO of mortgage technology nonprofit Hope LoanPort, effective Sept. 1.