Technology

Cleveland Selfreliance Federal Credit Union said it has converted to the XetusOne Loan Management System, using it as an online mortgage origination platform.

Mortgage servicing may be changing and self-adjusting into a new still-not completely undefined model, but the fact that it appears to be a work in progress is not discouraging bankers from eyeing what it has to offer.Without much fanfare the crisis has irreversibly turned in-house mortgage servicing and specialty servicing into hot markets.

After receiving notice that he’s under investigation by the Securities and Exchange Commission, CoreLogic Chief Financial Officer Anthony "Buddy" Piszel resigned late Thursday.

ISGN, a technology vendor with products across the entire spectrum of mortgage finance, is considering offers for the company, or possibly strategic partnerships, according to industry observers familiar with the matter.

Focus: Servicing — A special report on mortgage servicing technology•Hub Evolution — Are systems of record keeping up with the times?•Ending Robo-Signing — Technology to ensure compliant default servicing•Neutralizing E-Mortgage Myths — Preventing paperless loan foreclosure problems•Loss Mitigation Automation — A Q&A with IndiSoft CEO Sanjeev Dahiwadkar

The mortgage division of Equifax, Atlanta, had fourth quarter revenue of $29 million, up 27% from the same period in 2009.

Technology vendors are expecting tempered demand for their products, even as banks begin to turn the corner toward financial improvement.

Financial technology vendor Fidelity National Information Services Inc.'s sales rose 8.8% from a year earlier to $1.4 billion in the fourth quarter, the company said Tuesday.

Altos Research has launched an automated valuation model that uses current real estate listings to forecast future housing valuation trends.

Mountain America Credit Union said it now offers the option for all of its Utah members to close mortgage transactions electronically.