Technology

Mortgagebot, the Mequon, Wis.-based provider of online mortgage rate search and loan application technology, was acquired by Canadian financial services technology provider Davis Henderson Corp. for US $231.8 million, the companies announced Thursday.

Mortgage Technology magazine will again recognize technology developers, mortgage lenders and servicers with its prestigious Mortgage Technology Awards.

The Small Business Administration has placed a lender toolkit on the agency's redesigned website to give its program lenders access to in-depth information and resources.

CoreLogic released a Web-based software for mortgage servicers to automate the decisioning and processing of loan modifications.

CoreLogic, the data and analytics spin-off of the First American Corp., purchased mortgage technology vendor Dorado Network Systems for $32 million, Santa Ana, Calif.-based CoreLogic said.

It’s been more than three months since Move Inc. launched its mortgage origination website Mortgagematch.com and already the site has seen some early success in attracting visitors. But it also has it has renewed debate about the role of online mortgage “shopping” tools that are both lead generators and lending portals.

Homeowners, retail stores, small commercial buildings, offices and banks all rely upon security systems to protect their REO properties.Most “old school” alarms start and end at a wall-wired keypad. But since 2005, there has been an option for REO properties to monitor their assets using modern-day technology including mobile devices.

Mortgage technology vendor Lender Processing Services on Friday announced that it bought PCLender.com, a top 50 provider of enterprise and Web-based mortgage software, including LOS systems.

Servicer and technology provider Reverse Mortgage Solutions Inc. is expanding into correspondent and retail originations in its niche with hires that include a team that formerly worked for Bank of America before its exit from the business, a spokesman told this publication.

CoreLogic, the data and analytics spin-off of the First American Corp., on Tuesday purchased mortgage technology vendor Dorado Network Systems for $32 million in cash.