Technology

Loan origination software provider Ellie Mae posted a net loss of $40,000 on total revenue of $11.5 million during the second quarter, an improvement over a loss of $1.3 million in the year ago period.

MortgageKeeper Referral Services has developed a database that helps struggling borrowers improve their financial situations by connecting them to qualified nonprofit organizations and governmental agencies.

Equifax announced its acquisition of back-office processing, closing and post-closing service and technology provider DataVision Resources Tuesday.

Texas Tech Federal Credit Union in Lubbock has chosen MRG's Miracle Online platform for its mortgage document preparation needs.

The policy that prevents mortgage servicers from initiating foreclosures in the name of Mortgage Electronic Registration Systems Inc. became permanent this week after parent company Merscorp Inc. finalized changes to its procedures and quality assurance manuals.

Wall Street analysts have their eyes on mortgage tech. Do they project a bull market?

Banks are still digesting a full plate of mortgage and other economic woes, but that's not stopping them from adding ambitious technology projects to their diet, if the first of vendor earnings reports is an indication.

Cognizant has acquired CoreLogic’s Global Services Private Ltd., the India-based captive operations of CoreLogic, in a move that transfers some operations used for U.S. mortgage industry outsourcing to the former company.

Aklero Risk Analytics will offer discounted pricing, as well as enhanced delivery options, technology and support, to the member banks of the American Bankers Association’s Business Solutions subsidiary, under a preferred vendor agreement between Fort Washington, Pa.-based Aklero and the Washington-based ABA.

Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems.