Technology

It’s been more than three months since Move Inc. launched its mortgage origination website Mortgagematch.com and already the site has seen some early success in attracting visitors. But it also has it has renewed debate about the role of online mortgage “shopping” tools that are both lead generators and lending portals.

Homeowners, retail stores, small commercial buildings, offices and banks all rely upon security systems to protect their REO properties.Most “old school” alarms start and end at a wall-wired keypad. But since 2005, there has been an option for REO properties to monitor their assets using modern-day technology including mobile devices.

Mortgage technology vendor Lender Processing Services on Friday announced that it bought PCLender.com, a top 50 provider of enterprise and Web-based mortgage software, including LOS systems.

Servicer and technology provider Reverse Mortgage Solutions Inc. is expanding into correspondent and retail originations in its niche with hires that include a team that formerly worked for Bank of America before its exit from the business, a spokesman told this publication.

CoreLogic, the data and analytics spin-off of the First American Corp., on Tuesday purchased mortgage technology vendor Dorado Network Systems for $32 million in cash.

• Harnessing Mobile — How mobile tech is changing mortgage lending

A county court in New York ruled in favor of the Bank of New York Mellon's right to foreclose after a delinquent borrower brought a legal challenge to the role of the MERSCorp Inc. in the foreclosure process.

Among the tools top banks have been using to identify potential buybacks are ones that check original employment and income information at the point of loan funding.

With the iPad 2 hitting retail stores on Friday, Mortgage Technology magazine asked industry players what they think about the new device.

DepotPoint Inc., a Web-based default management, short sale and REO solutions provider based in Bellevue, Wash., is allowing users of its TrackPoint technology platform an opportunity to perform code violation checks on their defaulted properties.