Technology

Streamline refinancings of existing FHA borrowers picked up in October and November, according to new origination data released by the Federal Housing Administration.

United Lender Services appointed Chris Behning as director of information technology.

The ability to electronically sign the 4506-T form has helped streamline document management, but it has some nuances to it.

Six consecutive quarters of declining inventory is driving the market.

The patent positions the company to “own” parts of the technology that help calculate required mortgage fee disclosures.

The Eleventh Federal Home Loan District Cost of Funds Index increased seven basis points between November and December to 1.071%.

The inventory of foreclosed properties is approximately 20% less than a year ago as fewer foreclosures were completed during the last month of 2012.

Mortgage companies added 29,000 new hires to their payrolls in 2012, including 2,900 full-time employees in the month of December alone.

PulteGroup said fourth-quarter profit quadrupled as the homebuilder’s sales increased amid a U.S. real estate revival.

CoreLogic predicts the mortgage industry will originate between $1.45 trillion and $1.55 trillion this year.