Servicing systems

ReverseVision, which operates the largest technology platform in the reverse mortgage industry, suffered an outage with its RV Express system because of a hardware failure. It's the second technology disruption for the San Diego-based vendor.

Before the Dodd Frank Act went into effect in 2010, the residential mortgage market was in an entirely different state — particularly in regards to servicing. Several large servicers dominated the market, but ultimately shed most of their servicing assets, creating a substantially large segment of midsize servicers.

The Fix-It Award recognizes technology that provides an effective and permanent solution to a specific industry problem, need or channel. Learn about this year's finalists and see who won the 2014 MT Award.

Altisource Portfolio Solutions promoted John Vella to the new position of chief revenue officer in a bid to grow beyond its relationship with embattled former parent Ocwen Financial.

The Lasting Impact Award honors an individual, group or company responsible for a technology initiative or development proven to have an enduring influence that's transformed mortgage finance. Learn about this year's finalists and see who won the 2014 MT Award.

The nation's largest banks have attacked their delinquent loan portfolios with gusto, but they may hit some barriers in 2015. The market for nonperforming loans is still robust with about $60 billion estimated to change hands in 2014.

The Release of the Year Award recognizes a new software, platform, alliance or initiative that's expected to have the broadest future impact on the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.

Black Knight Financial Services Inc., a mortgage-technology company formed from businesses previously owned by Lender Processing Services Inc., filed for a $100 million initial public offering.

The Servicing Trailblazer Award acknowledges a servicer or vendor initiative, product or platform that uses technology to optimize mortgage portfolio management and ensures efficient communication with borrowers, investors and the mortgage servicing support industry. Learn about this year's finalists and see who won the 2014 MT Award.

Mortgage companies must properly vet their third-party vendors to ensure that there is no litigation, fraud allegations, or other risky behavior that might create risk for them.

For the first time, there is a subservicer, Cenlar FSB, handling the servicing function for more than $200 billion in mortgage loans.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.