Mortgage technology

Ginnie Mae will join Fannie Mae and Freddie Mac in requiring mortgages it purchases to be transmitted in the Uniform Loan Delivery Dataset standard — the set of data points and e-document formats the government-sponsored enterprises will mandate for all mortgages it purchases beginning Sept. 1, 2011.

•Roundtable—MT’s advisory board talks tech trends

The latest briefs from the world of mortgage technology…

Seattle-based e-signature provider DocuSign closed a $27 million investment from Scale Venture Partners and added one of the venture capital firms’s managing directors to its board of directors. In addition, DocuSign added two executives to its management team.

A relatively small company started a little less than two years ago is aiming to grow aggressively while stressing technology-driven efficiencies and upfront disclosure to consumers.

A new business process management software creates rules and checklists for servicers to ensure the cases they take to foreclosure meet compliance guidelines—technology that developer Pegasystems says protects servicers and lien holders from faulty foreclosure processes and speeds up the time it takes a property to transfer to real estate owned status.

Counterintuitive as it might seem, there's a group of consumers lenders should consider carefully for their profit potential: first-time defaulters.

The Federal Communications Commission will pick up the debate on Net neutrality at a scheduled meeting later this month, voting on a proposal that would implement new regulations on Internet service providers and allow tiered-based pricing of broadband access.

Reverse Mortgage Solutions this week launched a consumer, self-service website for borrowers to manage reverse mortgage accounts serviced by the Houston-based company.

The latest briefs from the world of mortgage technology…

Tradeweb and three Wall Street firms this week launched technology designed to mitigate the risk of failed to-be-announced (TBA) MBS trades in situations where deals can be resolved by delivery through tri-party arrangements.

The company which operates the National Association of Realtors' official website is now in the mortgage business.

The Department of Housing and Urban Development cut corners when it attempted to upgrade a number of internal computer systems and hastily awarded a $17 million add-on contract to an IT services procurement originally valued at $800 million, according to the findings of a HUD Office of Inspector General audit.

The latest briefs from the world of mortgage technology…

Greg Ousley wants to be a chaperone of sorts for the secondary mortgage market. The chief executive of Global Debt Registry says his company's system, which was designed to track ownership of delinquent credit card debts, can improve upon the widely used Mortgage Electronic Registration System.

Work from home without looking like itThe mobile workforce is expected to grow to 1.2 billion people (one-third of the existing global workforce) by 2013, according to IDC Research. For those of us who work from home or know someone who does, it’s easy to see why. Being a remote worker has a lot of benefits—little or no commuting time, the ability to time shift when needed, keeping a job when you have to move away, and more.

The latest briefs from the world of mortgage technology…Deadline Nears for MISMO Governance Committees NominationsThe deadline to nominate mortgage and technology professionals to the Mortgage Industry Standards Maintenance Organization governance committees is Friday, Nov. 19.

The changes to the good faith estimate have increased the turnaround time between application and approval and thus negatively affected consumer satisfaction with mortgage originators, the annual J.D. Powers study found.

The CEO of Merscorp Inc. told the Senate Banking Committee Tuesday that the same mortgage tracking technology that’s recently come under fire by robo-signing critics should be more widely adopted by the mortgage industry and federal regulators.

MacDonald Dettwiler and Associates agreed to sell its property information business to TPG, a San Francisco-based private equity firm, for $850 million.