Mortgage technology

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.

Politicians and government leaders did not have a comprehensive knowledge of the mortgage and appraisal industries as they struggled to set the policy that avoided an even deeper financial crisis than what occurred in 2008, said former U.S. Congressman Paul Kanjorski during a technology conference ongoing in Las Vegas this week.

CoreLogic has upsized its debt offering by $50 million to $400 million and priced it at an annual interest rate of 7.25%. The senior notes are unsecured and will be due in 2021.

In its first earnings report as a publicly traded company, mortgage software provider Ellie Mae posted a net loss of $800,000 for the first quarter of 2011.

The primary units that private equity group TPG Capital acquired from MacDonald, Dettwiler and Associates will be grouped together and run under the brand name DataQuick.

The deadline for submissions for Mortgage Technology’s 2011 Top Service Providers is just days away.The deadline for submissions is noon Eastern Monday May 16, 2011.

In its first earnings report as a publicly traded company, mortgage software provider Ellie Mae posted a net loss of $800,000 for the first quarter of 2011.

When Noel Watts, the vice president of mortgage banking at Marshall & Ilsley Bank, set out to upgrade the lender's origination platform two years ago, he expected interest rates to rise and mortgage volume to plummet.

CoreLogic, Santa Ana, Calif., reported net income of $23 million for the first quarter, which included a $25 million pretax gain on the sale of DealerTrack Holdings common stock and a $14 million increase to its tax provision related to a deferred-tax asset reduction because of the Dorado acquisition.

At the Mortgage Bankers Association’s annual technology conference in Fort Lauderdale, Fla., we gathered a panel of industry participants to discuss the latest trends and issues facing the sector and the role of technology in the business.

One origination technology provider thinks the many different components of compliance need to be managed from a single system, not only because of compliance risk alone, but also because of buyback or pushback risk.

Automated valuation model provider Veros Real Estate Solutions makes the case for the use of analytical technology in determining the value of real estate owned portfolios in a white paper published this week.

CRIF, the Italian financial services provider, this week continued its buying spree of credit union lending software companies with the acquisition of Cypress Software Systems.

Mortgage Technology recently gathered a panel of mortgage industry participants to discuss the latest trends and issues facing the sector and how technology can affect change and improve processes.

Automated valuation model provider Veros Real Estate Solutions makes the case for the use of analytical technology in determining the value of real estate owned portfolios in a white paper published this week.

CRIF, the Italian financial services provider, continued its buying spree of credit union lending software companies with the acquisition of Cypress Software Systems, the company announced this morning.

The primary units that private equity group TPG Capital acquired from MacDonald, Dettwiler and Associates will be grouped together and operated under the brand name DataQuick.

MERSCorp Inc., parent company of the Mortgage Electronic Registration Systems, named former CitiMortgage chairman and CEO Bill Beckmann its permanent replacement for retired president and CEO R.K. Arnold.

Neighborhood Mortgage Solutions, a credit union service organization that provides mortgage servicing to 30 credit unions, implemented technology to allow borrowers to make their mortgage payment at the teller windows of their credit union.