Technology

MortgageDashboard has launched an online community to promote communication among the customers of its loan origination system products.

Technology vendor Mortech released a new version of its mortgage product and pricing engine that includes tools for automated underwriting.

In response to changing regulatory requirements, a number of mortgage technology vendors are providing educational presentations to clients and potential customers.

The mortgage origination business will see a growth in the adoption of the Keiretsu model of doing business by leveraging vendor relationships on a single cloud technology platform, declared executives at Dorado Corp.

Lender Processing Services, Jacksonville, Fla., during its year-end processing cycle handled some 37 million loans for 67 mortgage servicers in one day, Jan. 1.

Delays in the implementation of the Uniform Mortgage Data Program are slowing down advancement of third-party technology to integrate with the delivery platforms of appraisal data.

An initiative underway at the government-sponsored enterprises will forever change how lenders and appraisers handle the appraisal process. But the Uniform Mortgage Data Program has faced repeated delays, creating uncertainty in how, and when, this industry paradigm shift will take place.

Originators are getting help through technology for their promotional campaigns.To help them get the most out of their marketing dollars, mortgage originators are being presented with new tools that let them have better information about prospects as well as new ways to reach them.

Mortgage lenders of all sizes are expected to increase their technology spending by 15% this year to $4.11 billion, according to the new MORTECH study.

The debate on regulating how ISPs manage online use has largely been focused on the online activities of consumers, but mortgage executives and their technology vendors believe the regulation of Internet access could affect the daily operations of the lending industry as well, leaving smaller players with fewer financial resources at a competitive disadvantage when it comes to loan processing speed and costs.