Technology

Foreclosure inventory fell to its lowest level in more than six years in June, according to a report from Black Knight Financial Services.

A lender's LOS can help or hurt its bottom line. When examining existing systems for process improvements or evaluating other alternatives, focusing on a number of key considerations can simplify the process and narrow down the field of LOS options.

Mortgage application volume increased from the previous week due to more refinance activity.

Big data techniques could help mortgage lenders home in on the most qualified borrower leads, but uncertainty about the new technology has many originators clinging to existing practices with a known track record.

FormFree Holdings, a mortgage technology vendor in Atlanta, received a U.S. patent for its automated asset verification system, AccountChek.

Document imaging and data processing firm Kofax has launched new consumer-facing technology designed to make it easier for borrowers to submit their financial information for a mortgage application.

Sales of previously owned homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market.

Washington Trust rode gains in its lending portfolio and lower operating expenses to a higher second-quarter profit.

Mortgage origination volume for the second quarter will come in at $275 billion, a 17% increase from the previous quarter driven by a seasonal increase in purchase activity, according to Keefe, Bruyette & Woods analysts.

Altisource Portfolio Solutions' acquisition of Mortgage Builder Software will close next month, the companies announced Monday, following weeks of rumors but no official confirmation of the deal.