Technology

Browse articles from all of our Newsletters related to Technology.

May 18, 2012 - Inside Mortgage Trends

Reg Burden Keeps Industry From Tech Upgrades

Because the mortgage industry is so focused on staying on top of regulatory changes, adopting new technology has taken a back seat, according to a vendor of a cloud-based management tool. “When you’re up to your ankles in alligators, it’s easy to forget your goal is to drain the swamp,” said Brian Coester, CEO of Coester Appraisal Group. This year, the company launched Cloud Control, a web-based management technology that integrates different aspects of the appraisal process – from compliance to social media to real-time data – in a cloud-based system. “There’s a huge backlog in terms of what people...


May 18, 2012 - Inside Mortgage Trends

Portfolio Analyzer Helps Firms Manage Risk

With banks under increased pressure to manage their exposure to risks related to mortgage-backed securities and whole loans, Moody’s Analytics has updated its risk and capital allocation tool so clients can run their mortgage portfolio under various stressed scenarios and get a better handle on potential losses. The latest iteration of the rating service’s Mortgage Portfolio Analyzer features an enhanced framework for modeling stressed macroeconomic scenarios, defaults, prepayments and severities. The tool that Moody’s has put together can “simultaneously benefit institutions that have portfolios of not...


May 4, 2012 - Inside Mortgage Trends

Reduced Lender Cost in RELAY System

Use of Blueberry Systems’ loan origination technology, RELAY, would result in an incremental reduction in lenders’ origination cost of $287.50 per mortgage loan, an analysis of the system concluded. Deployment of the RELAY loan origination system (LOS) would show a phased increase in return-on-investment in technology in which a lender effectively captures 35 percent of the potential cost benefit in the first year after implementation, according to an independent audit performed by MarketWise Advisors. The audit evaluated the effects of the implementation of the RELAY LOS to the work flow and...


April 20, 2012 - Inside Mortgage Trends

Mortgage Lenders Face Big Leap in Cyber Attacks

Whether the motivation is trendy “hacktivism” or more traditional extortion, mortgage lenders and other financial institutions are seeing large spikes in a variety of cyberattacks these days. Prolexic Technologies, a firm that helps companies combat such assaults, said there has been an almost threefold increase in the number of attacks against its financial services clients during the first quarter of 2012 compared with the fourth quarter of 2011, along with a skyrocketing increase in malicious “packet” traffic. “During 4Q11, over 168 trillion bits of data and 14 billion packets of malicious...


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