Technology

Default management technology vendor Indisoft will begin selling its software to federal agencies under the terms of a recently negotiated contract with the U.S. Government Services Administration.

A title industry executive claimed at the Real Estate Providers Council's annual meeting in Las Vegas that "too many" vendors have their hands in the residential real estate cookie jar.

Mortgage technology vendor DocMagic is claiming early victory in its lawsuit against origination system provider Ellie Mae, as both sides await a federal judge's written ruling from a pretrial hearing held Monday.

Mortgage technology vendor DocMagic is claiming an early victory in its lawsuit against origination system provider Ellie Mae, as both sides await a federal judge's written ruling from a pretrial hearing held on Monday.

Real estate valuation provider PCV Murcor has hit its 30-year anniversary.

Of the more than 150,000 paperless mortgages that have been originated since 2000, about 1,000 have gone into foreclosure, Fannie Mae is estimating.

The paperless and electronic signature technology that's been slow to catch on in the mortgage origination business is finding a place in the loss mitigation arena, according to speakers at a session of the Mortgage Bankers Association Mortgage Servicing Conference.

Mortgage vendor CoreLogic, Santa Ana, Calif., lost $35 million in the fourth quarter after booking a non-cash impairment charge and taking a loss on the sale of discontinued operations.

Origination services and technology at Lender Processing Services showed annual and quarterly revenue gains in the fourth quarter of 2010. But its corresponding business in the mortgage servicing and default arenas closed out the year with quarterly declines, according to recent regulatory filings.

Unemployment, property depreciation and general economic hardship are some of the attributes why RealtyTrac.com is predicting that there will be over 1.2 million homes repossessed by banks in 2011, which would be a 20% increase from repossession rates reported in 2010.