Technology

David Zugheri, founder of Houston-based Envoy Mortgage discusses his bank’s approach to technology adoption.

Driven by large increases in multifamily and industrial production, commercial loan originations rose 13% year-over-year in the fourth quarter of 2011, according to the Mortgage Bankers Association.

After three months of home price stability, Clear Capital revealed dim news for the housing industry through the end of January. Home prices on a year-over-year basis decreased by 2.6% through January, slightly worse than the 2.1% value drop experienced in December.

Richard Cordray extended an olive branch to the banking industry last week when he said the Consumer Financial Protection Bureau would support legislation to protect data that institutions provide during exams.

Wells Fargo is not only the country's largest originator of home loans. It's also the largest servicer of commercial and multi-family mortgages.

Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.

Business process outsourcing and workflow platforms originally tended to be separate, but it has begun to make more sense to package them together, according to Narayan Bharadwaj, business head for Wipro Gallagher Solutions.

Another state attorney general has filed a lawsuit against Merscorp, this time in New York, where Eric Schneiderman took aim at the thousands of MERS “certifying officers” employed by mortgage servicers whom he alleges filed defective and inaccurate foreclosure documents that deceived and mislead borrowers and courts.

Even though the vast majority of its services are as an outsource solution, Bensalem, Pa.-based ISGN also provides contract employees to help meet transitory needs in the mortgage industry, including IT staff.

Genworth Financial posted earnings of $107 million in the fourth quarter - compared to a $161 million loss a year ago - but its mortgage insurance division continued to struggle.