Technology

DocMagic, a loan preparation company in Torrance, Calif., has agreed to acquire Doc-Tech, a mortgage documentation firm in Palatine, Ill.

Historically, net worth has been the primary, if not sole, criteria used by lenders in segmenting mortgage customers.

Mel Watt, down payment, homeownership, Fannie Mae, Freddie Mac, FHA

Many professionals in the mortgage industry are paying close attention to the non-QM market to see if it will indeed provide a path back to subprime loans of the past.

Increased fixed costs and poor business intelligence are hurting independent mortgage bankers' bottom lines.

The State Regulatory Registry, which runs the Nationwide Multistate Licensing System, says that mortgage loan originator and company renewals for 2015 are off to a strong start.

Zillow research shows entrepreneurs get fewer loan quotes than salaried workers despite higher incomes.

It is critical for all originators to have a vendor management plan to mitigate their risk and to comply with state, federal and local laws.

Zillow Inc. was accused of "sexual torture" by one of its former sales consultants in a harassment lawsuit that may add to scrutiny of how women are treated in the technology industry.

New York Attorney General Eric Schneiderman today announced the launch of a financial consumer education web app called AGScamHelp.