Mortgage technology

The Mortgage Bankers Association has stepped up its advocacy of electronic signatures, sending an open letter to the acting commissioner of the Federal Housing Administration requesting the Department of Housing and Urban Development’s home finance unit begin accepting e-signatures on all loan documents.

Ellie Mae has hired Parvesh Sahi to serve as vice president of compliance solutions, overseeing development of Ellie’s acquisition of compliance software provider Mavent.

It has been a mixed bag for mortgage-related stocks on Thursday morning, as the Dow Jones Industrial Average slid another 85 points, on top of a decline of 280 points on Wednesday.

In yet another borrower dispute of the use of the Mortgage Electronic Registration Systems, a U.S. District court vacated the nonjudicial foreclosure of an Oregon borrower

Mortgage technology vendor Ellie Mae registered its common stock with the Securities and Exchange Commission last month, lowering not only its initial public offering price, but the amount of money it hopes to raise in the capital markets.

Private-label cowboys have returned to the mortgage secondary, with new technology to rope in prime investments.

Mortgagebot has added its 1,000th customer to its point of sale and product and pricing technology products.

GCC Servicing Systems released a new module to its Web-based servicing system of record to automate creation of lien release documentation.

The Department of Housing and Urban Development will re-foreclose on all its REO properties in Michigan where the original foreclosure was conducted in the name of MERS using the state’s nonjudicial process.

MERS looks like it will prevail when it comes to questions about the validity of assignments where it is involved, but some think it may "lock down" its procedures as a result of the concerns.

A feature in Ellie Mae’s new loan quality suite of services stores borrower verification information collected during underwriting for investor review.

Origination software provider Ellie Mae released a package of new services and features this week to promote loan quality and efficiency in the loan file review process for investors and loan aggregators.

After federal regulators handed down a consent order to Merscorp, it became clear that change is indeed coming to MERS. But what will the new MERS look like? Among the prevailing theories, two possible scenarios stand out.

Web giant Google has built off its early results providing mortgage rate searches by launching a one-stop shopping tool for consumers, allowing them to compare residential loans, and other consumer banking products.

The problems for Merscorp Inc. began with questions from the lawyers representing delinquent and defaulted mortgage borrowers fighting to avoid foreclosure: Who, or what, is MERS Inc., the company whose name kept popping up on deeds of trust in the public land records and on foreclosure documents in millions of cases?

Electronic mortgage and paperless processing advocates encouraged lenders to start slow and go paperless in pieces, rather than taking on the entire task at once during a pair of sessions at a technology conference ongoing in Las Vegas this week.

Electronic mortgage and paperless processing advocates encouraged lenders to start slow and go paperless in pieces, rather than taking on the entire task at once, during a pair of sessions at a technology conference ongoing in Las Vegas this week.

Joe Rossi, senior vice president of operations and technology at Freddie Mac, is leaving the government controlled secondary market giant, according to industry officials close to the situation.

The properly optimized social media profiles can generate better networking and business opportunities with a minimal investment of time, a social networking consultant told attendees at a technology conference ongoing this week in Las Vegas.

As he tried to dispel the idea that end-to-end loan origination systems don’t exist, the product management group director at Calyx Software said there are two basic types of full service LOS technology that have pros and cons.