Technology

Online lending aggregator LendingTree said the average rate on its platform for a 30-year mortgage was 5.16% as of Dec. 28, down slightly from a week previous.

Jumbo securitization’s full-fledged return may still be a question mark but some investment banks have already invested in technology to support it, according to one executive at an automation vendor.

A consultant whose experience has included a stint as a top executive at the company that created the well-known Flip video camera has joined loan origination automation provider Ellie Mae, Pleasanton, Calif.

Equator, the provider of default servicing solutions, announced today that over $100 billion in assets have been sold through its platform since 2003, and more than 500,000 short sales have been initiated since its launch of the industry's first comprehensive automated short sale solution last year.

eMASON’s Clarifire application has been implemented by Fannie Mae as the technology solution for its servicers' use in complying with the foreclosure pre-filing mediation process mandated by the Florida Supreme Court's administrative order.

CoreLogic, as part of its plan to concentrate on its real estate and mortgage information businesses, will sell its employer services and litigation support businesses to Symphony Technology Group. Those businesses had been a part of First Advantage Corp. and will operate under that brand name after the deal closes.

Origination technology developer Calyx Software acquired Loan-Score Decisioning Systems, Inc., a technology provider whose offerings include a product and pricing engine, an automated underwriting system and eligibility decisioning for Federal Housing Administration mortgages.

Prosper Marketplace Inc. has decided it no longer wants to be the eBay of lending.

Origination technology developer Calyx Software acquired Loan-Score Decisioning Systems, Inc., a technology provider whose offerings include a product and pricing engine, an automated underwriting system and eligibility decisioning for Federal Housing Administration mortgages.

A divided Federal Communications Commission approved a measure to begin regulating Internet service providers’ activities, creating a general set of rules designed to promote equal access and openness to the Internet, a concept known as Net neutrality.