Mortgage technology

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.

Federal banking regulators are examining two nonbank service providers at the epicenter of the foreclosure-documentation mess – Lender Processing Services Inc. and Merscorp Inc.’s Mortgage Electronic Registration System.

Until now, the quality of services rendered by mortgage technology vendors and bank owned foreclosure management quality has been rated empirically. That reality may change.

•The Sky's the Limit — Cloud computing creates new horizons for mortgage lending.

TPG Capital's purchase of the property information division of MacDonald Dettwiler and Associates puts the California-based private equity firm squarely in the middle of the foreclosure crisis.

The latest briefs from the world of mortgage technology…The Work Number Offers Automated Verification ToolsThe Work Number released new automation tools for its employment, income and borrower financial information verification services.