Technology

While it might be an understatement, the pressure of rising servicing costs and the Consumer Financial Protection Bureau's insistence on improved customer experience are adding to the increased challenges in this new world of mortgage servicing.

More investors in mortgage servicers lost faith in the firms as quarterly results highlighted their struggles to expand into businesses, control costs and address issues raised by regulators.

Ocwen Financial is making progress to settle allegations against it, but that does not mean it will be cheap, one analyst says. The current servicing freeze in the industry has grown so serious that some say it may be delaying the government’s goals to expand the availability of mortgage credit.

Photos from the 15th Annual Mortgage Technology Awards Ceremony in Las Vegas

Narayan Bharadwaj, the former general manager and head of mortgage technology vendor Wipro Gallagher Solutions, will serve as president and chief operating officer of the newly created professional services division of document preparation vendor DocuTech.

Lack of diversity in the sales force is one of several nagging issues underlying mortgage lenders' concerns about tepid home sales.

The recent dip in mortgage rates isn't likely to spur a refi boom, but with the industry now into the fourth quarter of a tough year, many lenders are looking for ways to boost business.

Some industry observers believe a CFPB pilot program may do what technology advances and e-commerce advocates have failed to accomplish for more than a decade: spark widespread adoption of e-closings.

He founded and owned Myers Internet Services, which at one time hosted over 8,500 websites for originators and real estate agents.

National home prices are continuing to rise from a year earlier, but the rate of growth is slowing down.