Technology

The rate of errors per loan jumped by 30% compared to the third quarter, a FundingShield report said.

Having the opportunity to customize their own tech stacks was a key reason behind many top producers' success, according to a new Floify survey.

Fannie Mae claims its pilot program, which the loan origination system is utilizing, has aided over 5,000 mortgage applicants in the past two years.

The prepayment metric on the single-family issuer operational performance profile had been displaying outdated information.

16.6 million former and current Loandepot customers had their data leaked, the lender and servicer announced Monday.

Marshall is handing his role as president at the mortgage firm to another industry veteran but plans to retain some involvement with its new MSR fund.

Mellohome's website, the MyLoandepot customer portal and the HELOC portal have been rebooted following the cyber attack, the lender and servicer said.

The lender didn't reveal whether the incident was related to a purported ransomware gang attack last March.

In a new filing with the Securities and Exchange Commission, the company attributed delayed transactions, loss of business to other providers and one-time expenses to reduced revenue but expected a limited effect on financial health.

Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers.