nationalmortgage

Subscribe to RSS Feed

Top Stories

• Above the deck: New Tools at FHA

  Mortgage Technology | September 9 | Free with Registration

  Will FHA’s overhaul of its technology and infrastructure help the agency be all it can be for lenders and brokers? If the real estate market remains flat for the foreseeable future, one thing is absolutely clear for mortgage technology vendors and service providers: Their primary mission will be to help lenders and servicers lower their costs.

• Lenders Eager to Transform Cascade of Paper into Stream of Data

  Mortgage Technology | September 9

  Efforts to reduce paper in the mortgage lending process hit a snag after the foreclosure crisis, with investors and government agencies imposing stricter documentation requirements for home loans. But while the Dunder Mifflins of the world aren’t going out of business yet, recent indications suggest that e-mortgages and other paper elimination initiatives are once again gaining traction.

• Automating Default Management

  Mortgage Technology | September 9 | Free with Registration

  Can mortgage servicers use technology to the get the economy going again? We used to say mortgage servicing lagged behind origination in using technology. No more. Today there is no question that the mortgage debacle has brought mortgage servicing a host of technology tools.

• E-Docs Prove Key as Regulations Pile Up

  Mortgage Technology | September 2

  Regulatory changes continue to largely drive automation for those on the production side, especially when it comes to documents, according to executives at DocMagic Inc., Carson, Calif., which does business as Document Systems Inc.

• Wholesale Lender Grows with Paperless Plan

  Mortgage Technology | September 2 | Free with Registration

  MILFORD, CT—The TMS Funding wholesale division that Internet retail lender Total Mortgage Services expanded from a small test group to 17 states recently plans to continue to grow gradually but serve brokers efficiently using paperless processing once they sign on.

• New Compliance Tools Enter the Marketplace

  Mortgage Technology | September 2

  Automated mortgage compliance systems for anything from RESPA to taxes are in demand. After successfully testing its new Electronic Closing Network module for HUD, eLynx (a portfolio company of American Capital) said it will officially roll out the RESPA compliance enterprise system designed to connect lenders to the nation's largest title underwriters.

• Automation Looks to Aid Efficient Correspondent Growth

  Mortgage Technology | August 26

  PHH Mortgage Corp. is looking to increase the amount of business it does in its correspondent channel and a partnership with a technology provider has allowed the company to extend its reach without adding a massive account executive sales force.

• FNC Starts Consulting Unit

  Mortgage Technology | August 26 | Free with Registration

  FNC Inc. has created a consulting division to help its new clients implement its appraisal management technology.

• Verify First—Then Worry About Closing

  Mortgage Technology | August 19 | Free with Registration

  Let's suppose for a moment you needed to buy groceries for your family, but were short on money. Then, by sheer luck, a friendly man approaches you with an envelope. Inside, he says, there's enough money to buy all the milk, eggs and produce your family needs for a week. Now suppose the supermarket is several blocks away, on foot. Before you start off, do you look in the envelope to see how much money you have to work with?

• Transparency: One Word, Several Different Meanings

  Mortgage Technology | August 19

  When it comes to traditional technologies in default servicing, the word "transparent" always ends up being paired with some unpleasant descriptives: "Difficult to understand," "Hard to find information" or "More excessive than what I am looking for" are the few words that usually follow the word transparent.

Other Voices

• Perspective: Greater Profitability for Lenders in Today's Unstable Lending Environment

  National Mortgage News | July 15

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

Blog of the Week

• Obama's Mortgage Gift to All Consumers

  What We're Hearing | September 3

  THE BIG PICTURE: In the eyes of most of the business community President Obama can do no right. At least that's the way I view it. Perhaps I should stop talking to mortgage professionals and watching CNBC. The new unemployment numbers came out Friday and depending on which spinmeister you speak to, it was better than expected or a disappointment.