Technology

Browse articles from all of our Newsletters related to Technology.

May 25, 2016 - IMFnews

Short Takes: Donald, the Housing Bubble and Tim / Yahoo and Quicken? / Duff Report Puts Ocwen in the Clear / SCOTUS Unlikely to Take Marketplace Case / Vendor Update: Chronos

The housing bubble did in fact burst and I don’t recall Trump making any money off of it unless he did so through private investments that none of us know about...


May 25, 2016 - IMFnews

Call Center Platforms are Coveted – But Are They Worth It?

But industry advisors fear the value of call centers can be quite volatile, depending on movements in interest rates.


May 19, 2016 - Inside Mortgage Finance

Banks’ Tighter Underwriting Linked with an Increase in Denial Rates, Lower Delinquencies

A paper recently published by the Treasury Department’s Office of Financial Research detailed links between changes in underwriting standards at banks and the banks’ loan application denial rates and mortgage performance. While the findings are intuitive, the paper from the OFR was the first to match individual lenders’ confidential responses to the Federal Reserve’s Senior Loan Officer Opinion Survey with data from the Home Mortgage Disclosure Act. “We find...


May 19, 2016 - Inside Mortgage Finance

Call Center Origination Platforms are Coveted – But Are They Worth It? The Biggest Risk: Rising Rates

Mortgage call-center platforms are in high demand these days, according to industry advisors, but there’s one key caveat for potential buyers: rising interest rates. “Who’s looking at buying call centers?” asked Paul Hindman, business development chief for Grid Financial Services. “Just about everyone.” It would appear...


May 16, 2016 - Inside the CFPB

Also in Brief: Vendor Update

Industry Vendors Roll Out TRID-Compliant LOS in 50 Days. Three industry vendors, Open Mortgage, LendingQB and International Document Services, partnered to successfully implement a TRID-compliant loan origination system in just 50 days, exceeding their own projections, the companies announced recently. “We knew that our implementation timeline was aggressive, wanting to both implement a new LOS and prepare for TRID within 60 days,” said James Howard, chief technology officer of Open Mortgage, a multi-channel mortgage lender. "Our success was due to having clear implementation plans with our vendors and a team at Open Mortgage that was dedicated to the project,” he added...


May 16, 2016 - Inside the CFPB

Life Under TRID: Working With Tech Vendors a Big TRID Problem for Many Lenders

Fannie Mae’s Economic & Strategic Research Group surveyed senior mortgage executives earlier this year and confirmed that lenders are still facing challenges in complying with the CFPB’s integrated disclosure rule known as TRID, according to new findings released by the government-sponsored enterprise last week. The controversial rule integrates the consumer disclosure requirements under the Truth in Lending Act and the Real Estate Settlement Procedures Act. According to Sheila Teimourian, vice president and deputy counsel at Fannie, more than three-quarters of the lenders surveyed indicated that the two biggest challenges were managing or coordinating with third-party technology vendors and communicating with key players, such as the buyer, seller and loan officer. About eight in 10 of those who cited coordinating with ...


May 13, 2016 - IMFnews

What We’re Hearing: ‘Deferred Tax Assets’ at the GSEs Top $55B But … / Time to Wipe Out Some GSE Shareholders? / Mortgage ‘Shorts’ Reduce Their Bets / What’s a Mortgage Call Center Really Worth? / Impac Looking for Deals?

One observer noted: “Talk about a government takeover! This feels third-world to me…”


May 11, 2016 - IMFnews

Short Takes: Technology Vendors Still Not Getting it Right on TRID? / Remember What Cordray Said About LOS Firms? / Former Fannie Tech Exec Lands at Sindeo / PMI Gaining on FHA? / Muldering Advances at FHA

Recent studies suggest reduced pricing and declining costs have given conventional mortgages with private MI an edge over FHA in the battle for high-quality borrowers...


May 9, 2016 - IMFnews

Marketplace Lender SoFi Originating $100 Million Per Month in Mortgages

Is there a future for “marketplace” lenders in mortgage banking? Opinions can differ…


May 6, 2016 - Inside Nonconforming Markets

News Briefs

Caliber Home Loans recently loosened the standards for one of its non-qualified mortgage products. The lender’s “Fresh Start” mortgage now allows loan-to-value ratios up to 85.0 percent, up from 80.0 percent. And private mortgage insurance isn’t...[Includes five briefs]


May 4, 2016 - IMFnews

Short Takes: The $55 Billion Subservicing Contract Mystery / Who Lost It, Anyone? / A Shakeout for P2P? / MSR Auctions Increase / Another Step Down for Ocwen’s Stock

Sometimes when a subservicer – especially a publicly traded one – snags a new client, the company publicizes the event...


May 4, 2016 - IMFnews

‘Marketplace’ Lender SoFi Gets Fannie Approvals; Continues to Sell Jumbos into the Secondary

SoFi, also known as a “peer-to-peer” lender, said it admires Fannie Mae’s “commitment to technological innovation in mortgages…”


April 28, 2016 - Inside Mortgage Finance

New York Supreme Court Reverses Ruling in Foreclosure Case, Endorsing Lenders’ Use of Electronic Note Signings

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

Platform Fuses Cloud, Digital, Smart Workflow

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 industry’s “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 Prefer Online Platforms Over Lender Sites for Homebuyer Leads

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 agent’s “sphere of influence/personal reputation” remains...


Poll

What is the very best source of new mortgage customers for your lending shop? (Choose one only.)

Leads provided to me by employer
Paid internet/website leads
Real estate agents/Realtors
Homebuilders
Our existing customer base/our servicing customers
My own personal sales "leads" database
Other

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