Technology

Mortgage Technology recently gathered a panel of mortgage industry participants to discuss the latest trends and issues facing the sector and how technology can affect change and improve processes.

Automated valuation model provider Veros Real Estate Solutions makes the case for the use of analytical technology in determining the value of real estate owned portfolios in a white paper published this week.

CRIF, the Italian financial services provider, continued its buying spree of credit union lending software companies with the acquisition of Cypress Software Systems, the company announced this morning.

The primary units that private equity group TPG Capital acquired from MacDonald, Dettwiler and Associates will be grouped together and operated under the brand name DataQuick.

MERSCorp Inc., parent company of the Mortgage Electronic Registration Systems, named former CitiMortgage chairman and CEO Bill Beckmann its permanent replacement for retired president and CEO R.K. Arnold.

Neighborhood Mortgage Solutions, a credit union service organization that provides mortgage servicing to 30 credit unions, implemented technology to allow borrowers to make their mortgage payment at the teller windows of their credit union.

The Michigan Court of Appeals ruled that Mortgage Electronic Registration Systems Inc. is ineligible to use the state’s nonjudicial foreclosure process, vacating the 2009 foreclosures of two borrowers.

With the myriad components of the Uniform Mortgage Data Program—each with its own respective abbreviation—lenders, appraisers and technologists find themselves in a vat of alphabet soup, trying to prepare for the UMDP.

The Michigan Court of Appeals ruled that Mortgage Electronic Registration Systems Inc. is ineligible to use the state’s non-judicial foreclosure process, vacating the 2009 foreclosures of two borrowers.

A new tool checks Department of Defense records to verify whether defaulted mortgage borrowers are actively serving in the military, providing a regulatory compliance check for servicers while staying within the confines of department policies.