Technology

Tactile Finance is rolling out a new feature for its Pro product for mortgage loan officers, a screen-sharing function which lets them remotely show and explain to their clients the benefits of different loan scenarios.

This year, the market for mortgage servicing rights has heated up and the price for these rights has increased at least one full multiple while the number of active buyers appears to have quadrupled on advertised bids.

Wipro Gallagher Solutions on Wednesday officially launched its “Lend Value” suite of enterprise loan origination technology, integrating its three technologies.

Providing incomplete information can mean heavy fines or worse, making it crucial for mortgage companies to have proper compliance technology in place.

Life insurers had a loss of 1.92% on their commercial mortgage investments in 2Q13, the first time this has occurred since the fourth quarter of 2008.

On a year-over-year basis, FHFA HPI is up 8.8%, but right now it is 9.6% below its peak month of April 2007.

Over the last 12 months, prices rose 12.3% and 12.4% as measured by the 10- and 20-city composites.

Since seller-funded down payment assistance is no longer available, social media sources might be an alternative.

Homes.com said 22 of the nation’s top 100 markets have now seen prices rebound over 100% in July, up from 19 in June.

Pending home sales in California continued to take a hit in August because of rising interest rates, although distressed home sales fell to lows not seen in nearly six years.