Technology

The big bank has more than twice as much Ginnie servicing volume as the second-place company in the niche.

Issuers can get new commitment authority in as little as five minutes, according to Ginnie Mae president Ted Tozer.

The new feature will reduce errors and lender risk by ensuring the loan meets investor eligibility guidelines before it is too late in the process.

Sixty-three percent of lenders have an electronic document solution in place, the ninth Path to Paperless survey from Xerox finds.

Mortgage technology developer Optimal Blue acquired its largest competitor, LoanSifter, in a deal that combines the two largest standalone developers of product eligibility and pricing engines remaining in the mortgage industry.

A limited supply of properties available to purchase on the open market continues to affect prices in many of the nation’s largest counties.

An unprecedented annual jump in Internet mortgage banking transactions coupled with a 50% increase in mobile banking is profoundly changing retail bank operations and customer retention practices across the U.S., according to Accenture.

Builders continued to break ground on new units during the government shutdown.

The interest rates on jumbo loans remain lower than for conforming loans.

Any system will help your business as long as you use and update it.