Mortgage technology

Data security, while better than paper-based processes, still can be a problem, according to panelists at Digital Mortgage 2020.

Although it moved from the glitz of Las Vegas to a fully virtual event, the 2020 Digital Mortgage Conference delivered insights and acumen from the industry.

The Flagstar MortgageTech Accelerator program was designed to give qualified fintechs access to experienced mentors and potential customers. Applicants also may obtain access to seed capital funding.

A deep understanding of the history of racial discrimination in both lending and technology is a prerequisite to the development of new technologies, panelists said.

The deal brings yet another mortgage origination component under the same roof.

Electronic notes did come in handy this year given the mortgage industry's need to operate remotely, but they also increase the government-sponsored enterprises' responsibility for monitoring the risk of multiple counterparties.

The potential acquirers included a "go shop" provision as a sweetener in the rejected offer.

Any roadmaps for client service that existed before the pandemic have changed, according speakers at DigMo2020.

The government-sponsored enterprise’s seller/servicer guide is now integrated into the online portal. Freddie also improved the readability of loan-level reporting it provides, and has further changes in the works.

Quicken Loans president and COO, Bob Walters, provided the first keynote of the 2020 Digital Mortgage Conference and gave insight into how this year changed the industry.

Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.

Jonathan Corr's departure from the nation's largest loan origination system company follows the completion of its sale to Intercontinental Exchange.

More so than their colleagues nationwide, originators in the Southeast are concerned about how supply impacts their business.

The mortgage industry comes together to address current issues and prepare for a post-COVID marketplace Sept. 14 to 17.

Inconsistent loan processing was a pain point for Remax's Motto Mortgage franchisees and the acquisition should solve that, executives said.

Cannae and Senator said they are looking to stop CoreLogic from unilaterally cancelling a vote on changing the members of its board.

Most are still operating in an analog world and are losing existing clients to the competition.

There is a shortage of notaries and that is being made worse by those lenders that don't offer remote online notarization.

In the past, the people that close the loan have been left out of developing this technology.