Technology

CoreLogic, as part of its plan to concentrate on its real estate and mortgage information businesses, will sell its employer services and litigation support businesses to Symphony Technology Group. Those businesses had been a part of First Advantage Corp. and will operate under that brand name after the deal closes.

Origination technology developer Calyx Software acquired Loan-Score Decisioning Systems, Inc., a technology provider whose offerings include a product and pricing engine, an automated underwriting system and eligibility decisioning for Federal Housing Administration mortgages.

Prosper Marketplace Inc. has decided it no longer wants to be the eBay of lending.

Origination technology developer Calyx Software acquired Loan-Score Decisioning Systems, Inc., a technology provider whose offerings include a product and pricing engine, an automated underwriting system and eligibility decisioning for Federal Housing Administration mortgages.

A divided Federal Communications Commission approved a measure to begin regulating Internet service providers’ activities, creating a general set of rules designed to promote equal access and openness to the Internet, a concept known as Net neutrality.

Fannie Mae and Freddie Mac have again delayed implementation of new mortgage and appraisal delivery requirements in the 'Uniform Mortgage Data Program', according to lender updates released Thursday.

In the crowded field of loan origination systems, technology providers have to find a way to stand out. With more than 30 different systems on the market, LOS platforms are not all created equal. The technology demands of a lender originating billions in mortgages every quarter are very different than those of a community lender that takes fewer than 1,000 loan applications a month.

Mortgage fraud costs billions every year and despite law enforcement efforts to curb it, fraud cases continue to increase. Various software products help lenders review loan files, monitor borrower trends and track potential fraud.

The latest briefs from the world of mortgage technology…

Banks may soon do the work of their vendors as they are handed the tools to design software for core banking functions — just as new services demand that systems be developed with greater speed.