Technology

NovaStar Financial Inc., a former high flyer in the subprime mortgage originations business now pursuing the appraisal niche and others, reported net earnings of $457,000 for the second quarter, up from $256,000 one year prior.

With less than two months before the annual Mortgage Technology Awards ceremony, the judges’ panel is pleased to announce the finalists for this year’s awards.

Most lenders and servicers likely may pay no mind to the work of the Mortgage Industry Standards Maintenance Organization's contingent of dedicated volunteers. They don't care how the technology works; they just want it to work.

Mortgage technology and fulfillment outsourcing vendor ISGN raised $30 million in fresh capital from its existing group of investors.

Servicers believe that developing greater communication during the default resolution process is an integral aspect in order to reduce the number of foreclosures nationwide.

RealtyTrac has launched a new Web-based foreclosure data search and download tool that creates lists of default, auction and REO records.

Wipro Gallagher Solutions added an integration to Fannie Mae’s EarlyCheck, a tool that allows lenders to run pre-closing quality control checks on mortgage applications, to its NetOxygen loan origination system.

Veros Real Estate Solutions will host a free webinar on extracting data from PDFs, with a special emphasis on the new appraisal delivery requirements of the government-sponsored enterprises' Uniform Mortgage Data Program.

CoreLogic posted net income of $31.48 million for the second quarter of 2011, an increase of nearly 29% from 2Q10's net income of $24.41 million. But the higher earnings were off lower revenue, $396.4 million in 2Q11, compared to $411 million in 2Q10.

Speculation is rampant about what the GSEs intend to do with the data they'll collect on the Uniform Collateral Data Portal.