Technology

BBVA Compass, a commercial bank based in Birmingham, Ala., will be opening a new mortgage back office processing operations center in Tempe, Ariz., and will hire up to 100 people to staff it.

Default management vendor ServiceLink, Pittsburgh, on Tuesday named Chris Azur as its new president.

The government-sponsored enterprises' Uniform Mortgage Data Program has been marred with delays and setbacks since the earliest steps began at Fannie Mae two-and-a-half years ago with the precursor to the Uniform Collateral Data Portal, the technology platform that will accept full electronic appraisal reports in a new XML-formatted data file.

For the second straight week, the special inspector general for the Troubled Asset Relief Program has terminated more alleged fraudulent online mortgage modification scams that prey on vulnerable homeowners.

Technology vendor a la mode said its connection to the GSEs' new appraisal delivery portal has passed testing and is now operational, submitting appraisals to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal, or UCDP.

The appeals court ruling against MERS that caused the GSEs and the Department of Housing and Urban Development to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

Effective technology strategies will help define the “winners and losers” in the new era of mortgage banking, the CEO of loan origination system provider Ellie Mae said during this week's Mortgage Technology Conference in Miami.

Many of the mortgage industry’s leading professionals were on hand for the return of Mortgage Technology’s annual conference this week, and the beautiful Miami weather wasn’t the only thing that had attendees excited.

The willingness and ease of adopting new technology is tied to how that experience reduces or increases stress to the end user. When technology vendors and lender executives understand that dynamic, new mortgage technology can be implemented more effectively and with less resistance from employees, said Rene Rodriguez during a presentation at this week’s Mortgage Technology Conference in Miami.

Effective technology strategies will help define the “winners and losers” in the new era of mortgage banking, the CEO of loan origination system provider Ellie Mae said during this week’s Mortgage Technology Conference in Miami.