Technology

The housing crisis is one of the longest lasting effects of the economic recession, with home foreclosures continuing to stain our economy. As more homes enter and remain in foreclosure, the servicer (whether on its own or on behalf of the investor) is responsible for maintaining these properties per local and state regulations. And mobile apps have added a new tool servicers can use in the field.

Picking a new loan origination system is as much about the bells and whistles that it offers as it is the realization that your company for all intents and purposes is marrying its future to the vendor chosen.

The National Association of Realtors’ leading indicator of future home sales hit a downdraft in April after three months of solid gains.

When he first came up with the concept for LenderCity Home Loans just before the turn of the century, Gregg Harris ended up being a few years ahead of his time.

Wall Street investors are demanding new data and analytics to evaluate existing and new MBS deals.

Originators have been linking loan origination systems that don’t have certain e-mortgage capabilities to everything from document management systems and e-signature technology to electronic fax-receiving automation in the slow but inexorable transition toward the e-mortgage, something that is about to take another small but significant step forward this year.

Abhinav Asthana of Wipro Gallagher Solutions discusses mobile technology security concerns.

Lenders are writing off fewer loans because consumers have improved in repaying their debt and there are fewer bankruptcies, Equifax said.

Credit quality improved in all major loan categories at commercial banks, savings banks and thrifts, except for single-family loans, according to the Federal Deposit Insurance Corp.

New regulations have, and are expected to continue to impact the commercial real estate mortgage servicing industry, while process redesign and technology implementations are helping organizations improve efficiency, expand offerings and in many cases, retain staff.