Technology

Demand, as a rule, leads to innovative business strategies. It is pressuring specialized vendors and other third-party servicers to strategize their business improvements so they can fill the gap created by the banks.

Citing a lack of transparency for both consumers and mortgage professionals, Experience 1 Inc. and its operating units Advantage Title and Title365 have come out with a new online platform Title365.com.

Warehouse club Costco Wholesale started partnering with banks to offer mortgage services online last year, and it wants to get into auto lending and, perhaps, student loans.

Las Vegas-area home sales rose in March to a level not seen in six years.

In the May issue of Origination News, we published our annual ranking of the mortgage industries leading originators by volume. There is also a listing of top originators by units. Christopher Vincent Hussain repeated as the No. 1 originator.

There may be a simple reason why Wells won’t buy mortgages from a certain lender.

Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.

Mortgage companies added 2,800 full-time employees to their payrolls in March after hiring 2,700 in February, according to government figures released Friday morning.

Davis Henderson, the Canadian technology company that acquired online point of sale vendor Mortgagebot for a staggering $232 million last year, completed the acquisition of loan origination system vendor Avista Solutions for $40 million, the company announced Thursday.

Going paperless makes sense because it cuts costs and grows business.