Mortgage technology

Marianne Sullivan will be charged with overseeing the start of the second phase in a multi-year plan to develop cloud native technology at the servicing software company.

A survey of 100 lenders in December found that almost half (47%) of the participants closed a loan package using digital solutions, such as eSignatures and remote online notarization.

Company president and former Fannie Mae CEO Tim Mayopoulos will step down in the first quarter, one of four few resignations among leadership this month.

Among its major accomplishments in the past year were an update to its Reference Model, the foundation for most of its standards.

Difficult economic conditions will persist, with inflation and a potential recession weighing on minds, but investment in mortgage technology remains a priority, according to new survey research.

Automation similar to that used by appraisers working with homeowners during the pandemic can be used by inspectors getting information about damage from weather events and disasters too.

The pending merger of Black Knight and ICE threatens to create a monopoly not unlike Ticketmaster, writes the chief executive officer of Figure Technologies.

Despite cutting back on other tech spending, some lenders plan to deploy these tools in the second quarter of next year, the company's director of banking, mortgage and insurance automation solutions says.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

Proceeds from the sales, which might not be the last, will pay down a personal loan secured by Nima Ghamsari's holdings.

The tool, which includes overlays for industry metrics like delinquencies, could be helpful to policymakers trying to size up the cost of natural disasters affecting properties.

Housing finance is in the midst of a cyclical transition in which every penny counts and technologies that offer efficiencies look attractive, but work must be done before this automation can bear fruit. What does it take to make meaningful operational changes today?

The seed round was led by Conversion Capital and also includes backing from Blend, Zillow and Figure.

A potential borrower should have a credit decision in the "matter of one minute," the lender said.

IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.

Two vendors have added non-agency mortgage and co-issue servicing sales respectively, and a government agency has confirmed that it's working on overcoming a hurdle to more scalable eNote use.

Tech executives say that improperly incorporating new software with existing systems can result in breaches and leaked personal identifiable information.

The merger and the consolidation of the mortgage industry would not only reduce the ability for Latinos to participate in homeownership, the effects could cascade to the overall population writes the CEO of the National Association of Hispanic Real Estate Professionals

Lenders are focusing on these loans to drive new business as the refinancing market continues to decline in the face of higher interest rates.

Although mortgage lending has been under pressure due to rising rates, executives said they've seen "consistent demand or even increasing demand from a depository perspective."