Mortgage technology

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.

The judges panel is pleased to announce the finalists for the 2011 Mortgage Technology Awards.

Green River Capital, an REO asset management and loss mitigation provider, has fulfilled requests from real estate agents by creating a mobile device application.

Ellie Mae, Pleasanton, Calif., has acquired Del Mar DataTrac Inc., San Diego, for $17.2 million cash at closing, and future cash payments of $3 million, $3 million and $2 million to be paid over the next three years.

NovaStar Financial Inc., a former high flyer in the subprime mortgage originations business now pursuing the appraisal niche and others, reported net earnings of $457,000 for the second quarter, up from $256,000 one year prior.

With less than two months before the annual Mortgage Technology Awards ceremony, the judges’ panel is pleased to announce the finalists for this year’s awards.

Most lenders and servicers likely may pay no mind to the work of the Mortgage Industry Standards Maintenance Organization's contingent of dedicated volunteers. They don't care how the technology works; they just want it to work.

Mortgage technology and fulfillment outsourcing vendor ISGN raised $30 million in fresh capital from its existing group of investors.

Servicers believe that developing greater communication during the default resolution process is an integral aspect in order to reduce the number of foreclosures nationwide.

RealtyTrac has launched a new Web-based foreclosure data search and download tool that creates lists of default, auction and REO records.

Wipro Gallagher Solutions added an integration to Fannie Mae’s EarlyCheck, a tool that allows lenders to run pre-closing quality control checks on mortgage applications, to its NetOxygen loan origination system.

Veros Real Estate Solutions will host a free webinar on extracting data from PDFs, with a special emphasis on the new appraisal delivery requirements of the government-sponsored enterprises' Uniform Mortgage Data Program.

CoreLogic posted net income of $31.48 million for the second quarter of 2011, an increase of nearly 29% from 2Q10's net income of $24.41 million. But the higher earnings were off lower revenue, $396.4 million in 2Q11, compared to $411 million in 2Q10.