Technology

Federal banking regulators Wednesday afternoon dropped their regulatory "bomb" on the nation's largest residential servicers — and two of their top outside vendors — accusing the firms of a "pattern of negligence and misconduct" tied to the processing of loans.

Davis + Henderson, Toronto, said it raised $122 million in a secondary share offering, which the financial services firm used to finance its acquisition of online mortgage origination provider Mortgagebot.

CoreLogic’s FinalCheck suite of quality control software is now accessible from the Ellie Mae loan origination system.

TitleServ National, a Woodbury, N.Y.-based provider of title insurance, appraisal and settlement services, apparently exited the business on April 8, according to industry sources.

CoreLogic hired 25-year mortgage industry veteran Arlene Hyde to the newly created position of senior vice president of strategic relationships for its Business and Information Services division.

After being rejected for a loan modification, Carla Ghosn decided to build a website that would tell borrowers if they qualified for the government's Home Affordable Modification Program.

Fannie Mae has confirmed that it’s looking to outsource at least some of its technology chores to third-party vendors and sent out a “request for proposal” but isn't saying much beyond that.

Mortgage Technology magazine will again recognize innovative technology developers and the lenders that benefit from those advances with its Top Service Providers and Tech Savvy Lenders awards. These recognitions have a long tradition in the mortgage finance and technology industries and are among the most coveted awards in the space.

When Toronto-based Davis Henderson Corp. agreed to acquire online lending specialist Mortgagebot from Spectrum Equity Investors for a cash price of $231.8 million, the deal drew applause at a time when many mortgage technology deals have amounted to distress sales.

Richard Neiman believes regulators may step in and provide guidance to mortgage servicers on their use of the Mortgage Electronic Registration Systems.