Technology

Mortgage vendor Lender Processing Services, Jacksonville, Fla., late Thursday named Tom Schilling its executive vice president and chief financial officer.

With more borrowers filing legal challenges to foreclosure, many mortgage lenders have turned their back on using MERSCORP Inc., which operates an electronic loan registry, to bring foreclosure actions. Some lenders are even returning to the old-fashioned, paper-based system of physically recording mortgage assignments at county recorder offices to ensure an unbroken chain of title.

Changes in borrower mentality toward debt that emerged on the onset of the foreclosure crisis continue to impact the mortgage lending sector, according to a panel at the Mortgage Bankers Association’s annual convention in Atlanta this week.

The latest generation of the Mortgage Industry Standards Maintenance Organization data model brings new efficiencies and improvements to industry standards for data collection and integrity.

As the mortgage industry looks for ways to entice private investors back into the space, lenders are looking to technology to provide data verification and analysis of the loans they’re originating, according to a panel discussion at the Mortgage Bankers Association’s annual convention in Atlanta.

Valuation Providers Partner for Vacant Land ServiceKirchmeyer & Associates and Valligent have combined resources to offer a new service to provide valuations of vacant residential property lots.

The first technologies created in response to Fannie Mae’s Loan Quality Initiative are coming to the market, giving lenders the ability to access new services conveniently through loan origination systems.

As the mortgage industry tries to entice private investors back into the space, lenders are looking to technology to provide data verification and analysis of the loans they're originating, according to a panel discussion at the Mortgage Bankers Association convention and expo in Atlanta.

•This Year's Winners Are...—Finalists and winners of the 2010 MT Awards

When times are tough, consumers, increasingly, are paying their credit card bills first and worrying about the mortgage later.