Technology

During the height of the mortgage boom, generating origination business all but took care of itself. Rates were low, volumes were high and the greatest challenge lenders faced was simply trying to keep their heads above water amidst a flood of new business.

CoreLogic subsidiary Teletrack Inc., Norcross, Ga., introduced LendOptix, a risk valuation tool that offers borrower payment risk scoring based on credit performance data from Teletrack and other credit reporting databases.

The number of people who believe paperless mortgages could be just a few years away from a 50% penetration of the market has grown in the last two years, according to a survey on the topic that is done roughly every other year.

Big banks are showing more interest in outsourcing, according to Fidelity National Information Services Inc., Jacksonville, Fla.

First American Title Insurance Co., Santa Ana, Calif., is merging its National Lenders Advantage and Equity Loan Services units into a new Mortgage Services division.

•Staying in Compliance: DocMagic’s Dominic Iannitti details what you need to stay ahead of an avalanche of regulations.

Veros Real Estate Solutions has integrated its VeroSelect and Valuation Risk Management products with a la mode's Mercury Network appraiser vendor management platform, enabling observance of government-sponsored enterprise secondary market loan quality initiatives.

CoreLogic and Blueberry Systems have formed a partnership to offer fraud prevention technology to lenders and servicers.

A visit to New American Mortgage's Facebook page reveals, among other things, a video of staffers dancing to the song "Thriller" by Michael Jackson, labeled "when the boss is gone," pictures of one of the company's new offices, birthday cake photos and pictures of families standing in front of their homes.

Will FHA’s overhaul of its technology and infrastructure help the agency be all it can be for lenders and brokers?If the real estate market remains flat for the foreseeable future, one thing is absolutely clear for mortgage technology vendors and service providers: Their primary mission will be to help lenders and servicers lower their costs.