CoreLogic, the data and analytics spin-off of the First American Corp., on Tuesday purchased mortgage technology vendor Dorado Network Systems for $32 million in cash.

• Harnessing Mobile — How mobile tech is changing mortgage lending

A county court in New York ruled in favor of the Bank of New York Mellon's right to foreclose after a delinquent borrower brought a legal challenge to the role of the MERSCorp Inc. in the foreclosure process.

Among the tools top banks have been using to identify potential buybacks are ones that check original employment and income information at the point of loan funding.

With the iPad 2 hitting retail stores on Friday, Mortgage Technology magazine asked industry players what they think about the new device.

DepotPoint Inc., a Web-based default management, short sale and REO solutions provider based in Bellevue, Wash., is allowing users of its TrackPoint technology platform an opportunity to perform code violation checks on their defaulted properties.

Default management technology vendor Indisoft will begin selling its software to federal agencies under the terms of a recently negotiated contract with the U.S. Government Services Administration.

A title industry executive claimed at the Real Estate Providers Council's annual meeting in Las Vegas that "too many" vendors have their hands in the residential real estate cookie jar.

Mortgage technology vendor DocMagic is claiming early victory in its lawsuit against origination system provider Ellie Mae, as both sides await a federal judge's written ruling from a pretrial hearing held Monday.

Mortgage technology vendor DocMagic is claiming an early victory in its lawsuit against origination system provider Ellie Mae, as both sides await a federal judge's written ruling from a pretrial hearing held on Monday.

Real estate valuation provider PCV Murcor has hit its 30-year anniversary.

Of the more than 150,000 paperless mortgages that have been originated since 2000, about 1,000 have gone into foreclosure, Fannie Mae is estimating.

The paperless and electronic signature technology that's been slow to catch on in the mortgage origination business is finding a place in the loss mitigation arena, according to speakers at a session of the Mortgage Bankers Association Mortgage Servicing Conference.

Mortgage vendor CoreLogic, Santa Ana, Calif., lost $35 million in the fourth quarter after booking a non-cash impairment charge and taking a loss on the sale of discontinued operations.

Origination services and technology at Lender Processing Services showed annual and quarterly revenue gains in the fourth quarter of 2010. But its corresponding business in the mortgage servicing and default arenas closed out the year with quarterly declines, according to recent regulatory filings.

Unemployment, property depreciation and general economic hardship are some of the attributes why RealtyTrac.com is predicting that there will be over 1.2 million homes repossessed by banks in 2011, which would be a 20% increase from repossession rates reported in 2010.

The January Lender Processing Services, Inc. Mortgage Monitor report once again shows that if there is a light at the end of the tunnel it is still quite far away as the number of properties that are 30 days or more delinquent or in foreclosure remains at a staggering 6.922 million.

The robo-signing fiasco only highlighted the fact that having the paperwork in order is equally critical for lenders, servicers, investors and borrowers.Mike Wileman, president and CEO of Orion Financial Group Inc., Southlake, Texas, is one of many industry veterans who see paperwork accuracy and transparency as a powerful factor that is affecting how the industry is and ultimately will conduct business in the future.

A pair of rulings from federal bankruptcy judges last week is adding a new wrinkle to the role of MERSCorp Inc. in state foreclosure proceedings.

Cleveland Selfreliance Federal Credit Union said it has converted to the XetusOne Loan Management System, using it as an online mortgage origination platform.