Technology

The administration’s recent report on fintech innovation discussed ways to adopt electronic promissory notes — or eNotes — and automated appraisals in federal mortgage programs.

Social media is a main avenue for mortgage lenders to reach the next generation of homebuyers. New American is trying to make their own lenders experts in the space.

Wire and other payments fraud affected a record number of businesses last year, and the FBI is warning in particular about real estate scams.

An increase in millennials making home purchases is a call to the mortgage industry for a quicker, more efficient digital process.

Loan defect risk rose in only three states and a handful of metropolitan regions in June thanks to the continuing spread of digital mortgage initiatives that improve data quality.

Black Knight reported net earnings of $40 million for the second quarter as adjusted revenue from its servicing and origination software businesses grew by 7% over the previous year.

The Pennsylvania Housing Finance Agency is switching to Black Knight's LoanSphere MSP to service the agency's $4.9 billion mortgage loan portfolio.

Investments in technology and emphasis on user experience contributed to an increase in the average satisfaction score for mortgage servicers, according to J.D. Power. Yet only a fifth of customers use mobile platforms.

Ellie Mae saw a 20% year-over-year increase in second-quarter revenue with more loans closed using Encompass, but net income fell nearly 50% on an accounting change and acquisition costs.

As the mortgage industry continues evolving digitally, MISMO is developing standards for business-to-consumer transactions on mobile devices, according to the Mortgage Bankers Association.