Mortgage technology

Bank of America is hiring financial advisors, including mortgage specialists, as it expands its network of high tech "specialty stores" for customers with $50,000 to $250,000 in "investable assets."

Lender Processing Services is now marketing its hybrid valuation service to owners of distressed property portfolios as an alternative to traditional broker price opinions.

CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and “explore a wide range of options aimed at enhancing shareholder value,” up to and including a possible sale or merger of the Santa Ana, Calif.-based provider of mortgage and property data, analytics, technology and services.

Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006.

A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.

Overture Technologies sold its mortgage division to CompuGain Corp., in a deal announced Monday.

A U.S. District Court judge in Oregon issued a pair of rulings in favor of Merscorp subsidiary Mortgage Electronic Registration Systems, Inc., but it remains unclear how those rulings will impact MERS' appeal of a third case where a second federal judge vacated an Oregon borrower's nonjudicial foreclosure.

While the technology exists to help lenders avoid GFE/HUD-1-related RESPA violations, even now, many lenders are still relying on manual processes—or no process at all—and suffer the consequences of paying cure violations.

While appraisers may fear that the GSEs technological progress will crowd out the industry’s need and respect for their critical role, those fears are most likely baseless.

The popularity of online personal financial management is influencing overall web banking design, as institutions build new portals that marry account information, balances, automated statements and recent activity with digital transaction capabilities.

Real Estate Mortgage Network Inc., River Edge, N.J., has created an online consumer-direct mortgage lending operation under the name FinanceMyHome.com.

American Home Mortgage Servicing has filed a lawsuit in District Court in Dallas County against Lender Processing Services and its affiliate DocX to recoup millions of dollars in claimed losses.

Accenture announced its acquisition of Dallas-based mortgage outsourcing provider Zenta Monday, in a move that puts the global consulting and outsourcing provider in the thick of the mortgage origination business and the massive loss mitigation efforts ongoing in the mortgage servicing industry.

Mortgage quality control technology and services provider Aklero Risk Analytics has named an executive from ISGN as chief financial officer.

The mortgage technology arena is changing at the speed of light. There are new developments at MERS. There is the ongoing UCDP (Uniform Collateral Data Portal) initiative at Fannie Mae and Freddie Mac. MISMO has a new iteration.

The president of San Diego-based valuation data and technology provider DataQuick is defending his profession against what he says are misconceptions about the fundamentals of valuations and the current regulations of the industry.

Ellie Mae's $25.2 million acquisition of Del Mar DataTrac has wide-ranging implications for multiple constituencies. Here’s a look at what it means for some of them.

The U.S. Court of Appeals for the Eighth Circuit has rejected an appeal from Fair Isaac Corp., Minneapolis, letting stand a judge's ruling dismissing some of its claims before trial against VantageScore Solutions, Stamford, Conn., and Experian, Costa Mesa, Calif.

GMAC Mortgage and the state of Maryland are working on a web portal that will exchange foreclosure mediation documents electronically.

Veros Real Estate Solutions said it's connected a “large lender” to its custom interface with the Uniform Collateral Data Portal.