Mortgage technology

Big banks are showing more interest in outsourcing, according to Fidelity National Information Services Inc., Jacksonville, Fla.

First American Title Insurance Co., Santa Ana, Calif., is merging its National Lenders Advantage and Equity Loan Services units into a new Mortgage Services division.

•Staying in Compliance: DocMagic’s Dominic Iannitti details what you need to stay ahead of an avalanche of regulations.

Veros Real Estate Solutions has integrated its VeroSelect and Valuation Risk Management products with a la mode's Mercury Network appraiser vendor management platform, enabling observance of government-sponsored enterprise secondary market loan quality initiatives.

CoreLogic and Blueberry Systems have formed a partnership to offer fraud prevention technology to lenders and servicers.

A visit to New American Mortgage's Facebook page reveals, among other things, a video of staffers dancing to the song "Thriller" by Michael Jackson, labeled "when the boss is gone," pictures of one of the company's new offices, birthday cake photos and pictures of families standing in front of their homes.

Will FHA’s overhaul of its technology and infrastructure help the agency be all it can be for lenders and brokers?If the real estate market remains flat for the foreseeable future, one thing is absolutely clear for mortgage technology vendors and service providers: Their primary mission will be to help lenders and servicers lower their costs.

Efforts to reduce paper in the mortgage lending process hit a snag after the foreclosure crisis, with investors and government agencies imposing stricter documentation requirements for home loans. But while the Dunder Mifflins of the world aren’t going out of business yet, recent indications suggest that e-mortgages and other paper elimination initiatives are once again gaining traction.

Can mortgage servicers use technology to the get the economy going again?We used to say mortgage servicing lagged behind origination in using technology. No more. Today there is no question that the mortgage debacle has brought mortgage servicing a host of technology tools.

In today’s mortgage market, there are three big challenges facing some lender customers of Wipro Gallagher Solutions. These include how to improve loan officer productivity in the branches or retail scenarios, dealing with compliance or loan quality, and third, the focus on customer service.

Fiserv this week rebranded its multiple product loan servicing platform, calling it LoanServ.

CoreLogic Credco has unveiled a new product called the LQ GAP report, which is designed to help residential lenders comply with Fannie Mae's 'Loan Quality Initiative' by identifying and summarizing any changes in an applicant's credit report between pre-approval and pre-funding.

Short sales and efforts to minimize losses are attracting a lot of market attention but one additional catalyst for change is fraud.

Warren, Michigan-based provider of commercial and residential mortgage default management solutions Five Brothers has introduced a new tool that helps speed up and simplify the preparation, delivery, notarization and tracking of all mortgage documents.

Hundreds of American Credit Union Mortgage Association members will convene on September 15-18 in Las Vegas to attend its national conference.

DocuLynx Inc., a provider of document archive and retrieval solutions, has acquired the docHarbor online and document management divisions of Anacomp, a company that specializes in business process solutions, for a purchase price of $27.5 million.

Regulatory changes continue to largely drive automation for those on the production side, especially when it comes to documents, according to executives at DocMagic Inc., Carson, Calif., which does business as Document Systems Inc.

MILFORD, CT—The TMS Funding wholesale division that Internet retail lender Total Mortgage Services expanded from a small test group to 17 states recently plans to continue to grow gradually but serve brokers efficiently using paperless processing once they sign on.

Automated mortgage compliance systems for anything from RESPA to taxes are in demand.After successfully testing its new Electronic Closing Network module for HUD, eLynx (a portfolio company of American Capital) said it will officially roll out the RESPA compliance enterprise system designed to connect lenders to the nation's largest title underwriters.

Again and again collateral risk industry concerns deriving from differences between appraisals and broker price opinions, and related fraud, are being solved by hybrid valuation options that some say are making more headway in the market.