Technology

The latest briefs from the world of mortgage technology…

Banks may soon do the work of their vendors as they are handed the tools to design software for core banking functions — just as new services demand that systems be developed with greater speed.

Real estate owned property preservation firm Mortgage Contracting Services launched a new version of its website, adding dedicated resource pages to the various REO industry players it works for and with.

Ginnie Mae will join Fannie Mae and Freddie Mac in requiring mortgages it purchases to be transmitted in the Uniform Loan Delivery Dataset standard — the set of data points and e-document formats the government-sponsored enterprises will mandate for all mortgages it purchases beginning Sept. 1, 2011.

•Roundtable—MT’s advisory board talks tech trends

The latest briefs from the world of mortgage technology…

Seattle-based e-signature provider DocuSign closed a $27 million investment from Scale Venture Partners and added one of the venture capital firms’s managing directors to its board of directors. In addition, DocuSign added two executives to its management team.

A relatively small company started a little less than two years ago is aiming to grow aggressively while stressing technology-driven efficiencies and upfront disclosure to consumers.

A new business process management software creates rules and checklists for servicers to ensure the cases they take to foreclosure meet compliance guidelines—technology that developer Pegasystems says protects servicers and lien holders from faulty foreclosure processes and speeds up the time it takes a property to transfer to real estate owned status.

Counterintuitive as it might seem, there's a group of consumers lenders should consider carefully for their profit potential: first-time defaulters.