Browse articles from all of our Newsletters related to Technology.
April 28, 2016 - Inside Mortgage Finance
The New York State Supreme Court recently reversed a ruling in a foreclosure case, providing a favorable decision for lenders and servicers. New York Community Bank v. Daphne McClendon involved a foreclosure that was initiated in 2012. The mortgage in question was originated in 2008 by AmTrust Bank for $544,000. The note accompanying the mortgage was signed by electronic signature. The borrower challenged...
April 21, 2016 - IMFnews
Short Takes: Potential Trouble for Mortgage Employers? / A Crackup Coming for P2P? / Hey, What About an App That Lets You Foreclose by Hitting a Button? / Freedom Tosses Jumbo Loan / PRMG Likes HomeReady
Here's a product idea: hit a button on your cell phone and get foreclosed on...
April 15, 2016 - Inside Mortgage Trends
The transformation of the mortgage is continuing apace, as technology vendor Cloudvirga has brought to market its new intelligent Mortgage Platform (iMP), which it bills as the industrys first comprehensive digital mortgage platform, effectively alleviating the pain points, cost and time associated with the mortgage process. The new platform combines three emerging trends in technology: cloud storage and security, digitization of images to useable data, and ...
April 14, 2016 - Inside Mortgage Finance
Real estate agents find realty websites more useful in generating homebuyer leads than websites operated by mortgage lenders, according to the results of a new survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. Real estate information available online is causing a fundamental shift in lead sources for homebuyer agents, said Tom Popik, research director for Campbell Surveys. Real estate agents prefer online home-buying platforms over mortgage lenders for homebuyer leads. An agents sphere of influence/personal reputation remains...
April 7, 2016 - Inside Mortgage Finance
The call-center business model used by Quicken Loans won praise from real estate agents who often prefer to deal with a local loan officer, according to the results of a new survey by Campbell Surveys and sponsored by Inside Mortgage Finance. It is clear that agents like Quicken for loan programs, lead time on closing dates, policy on providing closing status to agents and performance on meeting closing dates, said Tom Popik, research director for Campbell Surveys. He said...
April 5, 2016 - IMFnews
CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.
March 31, 2016 - IMFnews
Short Takes: NAR Keeping Congress Informed on the TRID Mess / No Sign of Mortgage Standards Easing? / The Customer Count for Two MI Firms / CMG Signs on with Global DMS / New Penn Hires Former BofA Official
Can (and will) Congress act to fix the TRID mess?
March 30, 2016 - IMFnews
Short Takes: Who Will Show Up First on TRID Relief? Godot or Cordray? / A Potential to Shut Down the Mortgage Market? / Fannies Play in Energy Loans / DocMagics Launch / New Consumer Lending Chief for Ditech
This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...
March 25, 2016 - IMFnews
SWBC is looking to hire 40-plus technology workers.
March 24, 2016 - Inside Mortgage Finance
A number of home buyers have been duped by hackers in an e-mail and money wiring scam involving purchase mortgages, according to the Federal Trade Commission. The FTC posted a warning about scammers phishing for settlement fees late last week. In a phishing scheme, fraudsters impersonate a business online in an effort to trick a consumer. Hackers have been breaking...
March 24, 2016 - IMFnews
Don't like the housing sales figures? Blame Trump and Bernie...
Does your lending shop have any plans to make non-jumbo, non-QM loans this year? These would be loans similar to "Alt A" and subprime products made BEFORE standards were loosened severely in the 2004 to 2007 era.
- Its under consideration, maybe by 3Q or 4Q.
- We were going to until the TRID "error" mess hit.
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