Technology

Is there any mortgage lender that should turn up their nose at a pot of $100 billion in mortgages? Don’t think so.

Flagstar posted gain-on-sale income of $334 million in the third quarter, an impressive 57% increase from 2Q.

Upbeat meeting tempered by an uncertain future.

Global DMS has launched its Global Unity Project, an initiative that seeks to create seamless integrations with all of the major loan origination systems.

A heightened focus on due diligence and loan file reviews has made it imperative for lenders to incorporate quality control technology and processes that can minimize repurchase risks.

Kofax has introduced Mobile Capture for Mortgage, which the company says speeds the loan approval process, improves accuracy and lowers processing costs.

New-home sales rose to a seasonally adjusted annual rate of 389,000 units in September, the highest reading since April 2010.

For smaller banks, searching for revolutionary technology is a bit like window shopping in Beverly Hills.

According to the Federal Housing Finance Agency's index, home values rose the most in the nation's mountain state region, a handsome gain of 11.4%.

A year ago economists at the Mortgage Bankers Association were bracing for an ugly 2012, one in which a meager $900 billion in fundings would come to pass.