Technology

Mortgage software provider Ellie Mae reported a dip in net income as a result of increased sales, marketing and research expenses that outweighed revenue gains.

During the mortgage crisis, servicers recruited people from the origination business to help with loan modifications. Now the two sides of the industry are coming together in a new way.

ClosingCorp's board parted ways with Brian Benson and is looking for someone with experience in a high-growth technology environment.

Technology startups diving into mortgage lending are doing a lot of things well … except servicing, warned a mortgage industry consultant who has advised them.

More homebuyers are using social media to find out information about mortgage products and services, TD Bank reported in its Mortgage Service Index.

Alterra Home Loans more than doubled its mortgage volume but saw its revenue decline. After some post-adoption hiccups, the company is making more money than ever. Other lenders have similar stories.

Senate appropriators approved $13 million in new funding to update the Federal Housing Administration's "outdated and unautomated" information technology systems, but rejected President Obama's proposed way of paying for it.

As the war for talent heats up and lenders face tougher decisions in recruiting and hiring loan officers, the need to deploy certain tactics might seem appealing, but will ultimately create more problems than they are worth.

There should be contractual agreements in place between mortgage companies and loan officers that clearly define what, if any, customer information loan officers can bring from former employers to new ones.

Ellie Mae has launched the latest version of its mortgage management software, featuring updates on trade management reporting and Freddie Mac and Fannie Mae integrations.