Underwriting

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

Ellie Mae's latest update to the Encompass loan origination system includes templates to help mortgage lenders with Americans with Disabilities Act compliance.

Genworth's U.S. mortgage insurance unit's adjusted operating income increased over the previous year as the lower corporate tax rate and lower loss ratio overcame a 9% reduction in new insurance written.

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

Mortgage growth has shrunk to a 17-year low in Canada, increasing pressure on the country's big banks to find business elsewhere.

A significant percentage of consumers are willing to turn to technology companies for their financial needs, including applying for a mortgage, although they have trust issues with them, a Fannie Mae report said.

The New York Department of Financial Services disapproved the merger between Fidelity National Financial and Stewart Information Services, regulatory filings from both title insurance underwriters said.

Some hopeful souls in Washington believe the commercial banking industry will return to originating and servicing higher-risk mortgages, but most banks are more likely to continue withdrawing from the sector.

With its new round of funding, the mortgage fintech company will look to expand its geographic reach and reduce the mortgage closing process to a week in 2019.

The same TILA-RESPA integrated disclosure errors continue to plague mortgage lenders, though those documents have been required for over three years, a report from MetaSource said.