Technology

Lead management technology provider Leads360 has changed its name to Velocify, which it said more accurately reflects its mission to enable sales professionals to sell at the “speed of opportunity.”

Sabal Financial Group is expanding into third-party servicing, special servicing and construction loan administration nationwide.

Existing home sales jumped 13% in May after an 8% increase in April, and it signals that the housing recovery is gaining momentum, according to the Re/Max National Housing Report.

Major servicers still find it difficult to provide troubled borrowers with timely notice that more documents are needed to process a loan modification application.

ServiceLink has made available a multipurpose tool designed to ensure the mortgage loan data lenders and servicers report and record electronically is accurately transferred and in compliance with regulators.

A LendingTree survey reveals that now is an ideal time for prospective homebuyers to purchase a property before interest rates and prices go up.

This is our master list of items to do on each new loan.

For the first time in six weeks the Zillow Mortgage Rate Ticker finds the average rate for the 30-year fixed rate mortgage to be lower than the week before, a drop of five basis points to 3.88%.

PennyMac Financial Services is now using a new platform developed by Quandis to enable the mortgage services firm to centralize the short sale process into one portal for multiple users.

Less than 1% of FHA single-family loans originated in June 2011 through May 2013 are 90 days or more past due.