Technology

It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. It’s not uncommon for the two vendors to battle for the same lenders’ loan origination system business and the two companies have a long and complicated history, including a copyright infringement lawsuit filed by Calyx that settled out of court by Ellie paying Calyx an “undisclosed sum” in late 2005.

It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. So when each company recently purchased a product and pricing engine vendor, questions quickly came up about the two companies' new mutual customers.

Mortgage technology vendor Ellie Mae on Tuesday priced its initial public offering, laying out plans to raise between $40 million and $60 million.

It's not quite a mortgage technology conference without the release of at least one loan origination system – and several upgrades.

Congressional demands for the Federal Housing Administration to improve transparency, data accuracy, and legacy technology platforms have been backed by additional resources allocated to the effort.

Mortgagebot, the Mequon, Wis.-based provider of online mortgage rate search and loan application technology, was acquired by Canadian financial services technology provider Davis Henderson Corp. for US $231.8 million, the companies announced Thursday.

Mortgage Technology magazine will again recognize technology developers, mortgage lenders and servicers with its prestigious Mortgage Technology Awards.

The Small Business Administration has placed a lender toolkit on the agency's redesigned website to give its program lenders access to in-depth information and resources.

CoreLogic released a Web-based software for mortgage servicers to automate the decisioning and processing of loan modifications.

CoreLogic, the data and analytics spin-off of the First American Corp., purchased mortgage technology vendor Dorado Network Systems for $32 million, Santa Ana, Calif.-based CoreLogic said.