Technology

FIS, Jacksonville, Fla., has closed on a private offering of $1.1 billion of unsecured notes.

In total, 82% of respondents to this publication believe that e-disclosures can keep a lender more compliant. While no one technology can solve all of the problems that lenders face, electronic upfront disclosures does have its benefits.

What are the best options available to lenders to deal with today's ever-changing loan volumes while maintaining loan performance?

Regulatory compliance remains a priority for mortgage companies large and small. And integration remains one of the best ways to reduce related risk and improve process efficiencies that result in more robust product offerings.

Internet retail lender Total Mortgage Services, Milford, Conn., said the TMS Funding wholesale division it has formally opened up to select brokers in 17 states plans to slowly and carefully expand to all but a handful of others in this country over a period of more than a year.

While other regulatory, compliance and legal issues such as the new RESPA changes have been the focal point within the primary and secondary mortgage industry over the last year, one issue flying under the radar for many lenders is privacy and data security. Financial institutions are being forced to confront a host of actual and prospective new privacy requirements as a result of new regulations adopted on the federal and state level as well as pending privacy legislation in Congress.

Integrated Asset Services LLC, a default management and residential collateral valuations company, released a new report on the state of the mortgage servicing industry. The report focused heavily on technology advances.

SureDocs, a la mode's e-signature system, has applied its 3.5 millionth e-signature.

Wolters Kluwer Financial Services has updated its Fair Lending Wiz software to include an ethnicity proxy functionality.

Origination vendor ProLender Solutions Inc. has released an FHA Connection interface.