Technology

Control of the U.S. Senate hangs in the balance in the upcoming election, with the outcome determining the direction of laws and regulations that can have a profound impact on financial services, technology, fintech and payments innovation.

Each state has a different set of laws that governs electronic notarization, and companies have varying interpretations, which can lead to delayed closings.

The Mortgage Industry Standards Maintenance Organization drew up the recommended wording in consultation with a group of lenders and investors after the passage of the Taxpayers First Act last year.

The automated closing disclosures software aims to be "40% faster than the 'old fashioned' method," a company spokesman said.

For the majority of borrowers, interest rate research for mortgage refinancing came with unwanted and annoying sales calls, which could ultimately hinder potential business for lenders.

Retiring Ellie Mae CEO Jonathan Corr and new ICE Mortgage Technologies President Joe Tyrrell discuss how the two companies will be merged.

Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.

The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans.

As part of the revamp, Rocket’s referral network, technology and marketing tools will now be available to QLMS users, EVP Austin Neimeic told NMN.

Westcor has been gaining market share, growing to 5.9% of premiums written in 2Q 2020, versus 3.4% in the first quarter of 2019.