Technology

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.

A new Federal Housing Finance Agency initiative will require the government-sponsored enterprise to create a common data standard and new servicing form under the Uniform Mortgage Data Program.

Ellie Mae nearly doubled its revenue in the first quarter of 2012, turning net income of $3.6 million, compared to a net loss of $800,000 in the year-over-year quarter.