Technology

A large origination and servicing outsourcer for the UK and Ireland mortgage industry launched a private-label online self-service tool for borrowers to monitor their accounts from their lender’s websites.

Two well-known mortgage technologists have taken on new positions—Christos Bettios, formerly a senior product manager overseeing paperless mortgage initiatives at Fannie Mae and Greg Alvord, an active volunteer in the Mortgage Industry Standards Maintenance Organization and the chair of MISMO’s architecture committee.

RealEC has rolled out a service that offers lenders the ability to push quality control from the closing table earlier in the process, with loan-level reviews during the origination process.

The comment period ended Wednesday on a proposed rule that would forbid mortgage investors and their servicers from foreclosing in the name of the Mortgage Electronic Registration Systems Inc.

Freddie Mac on Tuesday afternoon unveiled a major reorganization in its ranks, naming former GMAC executive Tony Renzi to head a newly created division to oversee single family lending, operations and technology.

Appraisal and mortgage technology vendor a la mode will soon launch a new browser-based service for lenders and appraisal management companies to manage the transmission of electronic appraisal documents to the Uniform Collateral Data Portal.

Having recently completed his third decade at the helm of a company that he says was one of the first movers in the outsourcing of real estate valuation services, PCV Murcor Real Estate Services president/CEO Keith Murray describes himself as a man who finds himself again—as he was at the outset of his career—with the right expertise at the right time.

Large originators and servicers have long relied on the efficiencies and cost savings of outsourcing for a long time, some going as far as building their own offshore facilities, known as “captives” among business process outsourcers.

The Mortgage Bankers Association has stepped up its advocacy of electronic signatures, sending an open letter to the acting commissioner of the Federal Housing Administration requesting the Department of Housing and Urban Development’s home finance unit begin accepting e-signatures on all loan documents.

Ellie Mae has hired Parvesh Sahi to serve as vice president of compliance solutions, overseeing development of Ellie’s acquisition of compliance software provider Mavent.