Technology

Radian Guaranty executive Camillo Melchiorre will leave his post as senior vice president of loss management to serve as president and CEO of mortgage technology nonprofit Hope LoanPort, effective Sept. 1.

Bank of America is hiring financial advisors, including mortgage specialists, as it expands its network of high tech "specialty stores" for customers with $50,000 to $250,000 in "investable assets."

Lender Processing Services is now marketing its hybrid valuation service to owners of distressed property portfolios as an alternative to traditional broker price opinions.

CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and “explore a wide range of options aimed at enhancing shareholder value,” up to and including a possible sale or merger of the Santa Ana, Calif.-based provider of mortgage and property data, analytics, technology and services.

Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006.

A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.

Overture Technologies sold its mortgage division to CompuGain Corp., in a deal announced Monday.

A U.S. District Court judge in Oregon issued a pair of rulings in favor of Merscorp subsidiary Mortgage Electronic Registration Systems, Inc., but it remains unclear how those rulings will impact MERS' appeal of a third case where a second federal judge vacated an Oregon borrower's nonjudicial foreclosure.

While the technology exists to help lenders avoid GFE/HUD-1-related RESPA violations, even now, many lenders are still relying on manual processes—or no process at all—and suffer the consequences of paying cure violations.

While appraisers may fear that the GSEs technological progress will crowd out the industry’s need and respect for their critical role, those fears are most likely baseless.