A lack of data standardization is holding back adoption of digital mortgage processes, according to a survey of tech vendors. Fannie Mae is urging the industry to adopt standards set by MISMO.

The number of eNotes being added to the MERS eRegistry is sharply increasing, indicating a growing use of eClosings. Some 36,000 eNotes were added in the third quarter compared with 17,000 in all of 2018.

The fintech company rolled out a new product to help simplify the pre-approval process for its lender clients.

Fitch tested results from automated valuation models developed by five vendors. Clear Capital returned the most accurate results, according to the rating service.

MISMO released final standards for remote online notarizations, aiming to help adoption of digital mortgages. Business is booming, according to a provider of remote online notarizations.

Fannie and Freddie will no longer require that lenders ask homebuyers for their preferred language during the mortgage application process.

Limited housing supply hurt lenders’ efficiency metrics in 2018, according to a benchmarking study by Mortgage Cadence. The average time to close a mortgage increased sharply and pull-through rates declined.

Borrowers are increasingly using self-service options offered by servicers, leaving only the more complex tasks for call center agents to handle.

Mortgage vendors are exploring the benefit of artificial intelligence in loan originations, but costs may push lenders away.

Mortgage technology company Blend this week raised $130 million in a new round of funding. The company said going public is a “possibility” in the future.