Technology

A briefing and vote that would have authorized a county attorney in Texas to sue Merscorp was delayed Tuesday.

Attorneys for the Texas counties that encompass Houston and San Antonio are making plans to file lawsuits against Merscorp Inc.

With appraisers now generating valuation reports in the new data and format standards set by the government-sponsored enterprises, lenders are adopting new procedures and practices ahead of full implementation of Fannie Mae and Freddie Mac's Uniform Mortgage Data Program.

Mortgage Technology magazine presented its 12th annual Mortgage Technology Awards on Oct. 9

A lot of technology ingenuity and utility from both lenders and vendors was recognized in Chicago recently when our sister publication Mortgage Technology gave out its 12th annual Technology Awards.

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

A new collaboration between FICO and CoreLogic, two of the nation’s largest risk scoring data providers, plans to upgrade existing mortgage credit risk scoring models and consequently pave the way for broader access to multiscore rating benchmarks.

Officials from the government-sponsored enterprises continue to encourage lenders to be proactive with their appraisal and origination technology vendors in preparation for the new requirements in the Uniform Mortgage Data Program.

Among the issues Sanjeev Malaney, CEO of collaborative document services provider Capsilon, sees as likely to come up during the Mortgage Bankers Association annual convention this year is the continued evolution of MISMO standards.

Three years after making a big splash in mortgages and then growing its business to become the 12th largest in the U.S., insurance conglomerate MetLife is now throwing in the towel on residential finance.