Technology

Success in business, just as in team sports, depends on using the individual with the right skills to score.

New Year's resolutions are beginning to fade and the reality of the shrinking origination market has settled in for most residential mortgage lenders.

Hovnanian Enterprises reported a wider loss for its fiscal first quarter as inclement weather extended construction times and sales demand slowed.

Wipro Gallagher Solutions announced its NetOxygen loan origination system has added an integration with mortgage technology developer Optimal Blue's product and pricing engine.

Brian Scott Cohen of Wells Fargo's Brooklyn, N.Y. office is now the provisional leader in Origination News' 2013 Top 200 loan officer survey.

Woodward Asset Capital has started a real estate brokerage brand catering specifically to property sellers, including banks and mortgage servicers unloading foreclosed homes.

Loan modifications continued their dominance as the primary method for foreclosure prevention in 2013, both through government-driven and proprietary servicer programs.

Many conversations in the loan process start with this often uttered, never welcome phrase: "I am going to need an explanation…" If you were on the receiving end of that message, how would that make you feel?

Contracts to purchase previously owned homes rose less than forecast in January, adding to signs housing was weakening in early 2014.

Business contingency plans kept originators and vendors humming along at almost normal during the January and February blizzards.