Technology

The problems for Merscorp Inc. began with questions from the lawyers representing delinquent and defaulted mortgage borrowers fighting to avoid foreclosure: Who, or what, is MERS Inc., the company whose name kept popping up on deeds of trust in the public land records and on foreclosure documents in millions of cases?

Electronic mortgage and paperless processing advocates encouraged lenders to start slow and go paperless in pieces, rather than taking on the entire task at once during a pair of sessions at a technology conference ongoing in Las Vegas this week.

Electronic mortgage and paperless processing advocates encouraged lenders to start slow and go paperless in pieces, rather than taking on the entire task at once, during a pair of sessions at a technology conference ongoing in Las Vegas this week.

Joe Rossi, senior vice president of operations and technology at Freddie Mac, is leaving the government controlled secondary market giant, according to industry officials close to the situation.

The properly optimized social media profiles can generate better networking and business opportunities with a minimal investment of time, a social networking consultant told attendees at a technology conference ongoing this week in Las Vegas.

As he tried to dispel the idea that end-to-end loan origination systems don’t exist, the product management group director at Calyx Software said there are two basic types of full service LOS technology that have pros and cons.

Politicians and government leaders did not have a comprehensive knowledge of the mortgage and appraisal industries as they struggled to set the policy that avoided an even deeper financial crisis than what occurred in 2008, said former U.S. Congressman Paul Kanjorski during a technology conference ongoing in Las Vegas this week.

CoreLogic has upsized its debt offering by $50 million to $400 million and priced it at an annual interest rate of 7.25%. The senior notes are unsecured and will be due in 2021.

In its first earnings report as a publicly traded company, mortgage software provider Ellie Mae posted a net loss of $800,000 for the first quarter of 2011.

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