The refinance market may have largely spent itself for now, but the future of the purchase-mortgage market looks bright – and the path to success in that space is mobile technology, according to a leading industry executive. “The mother of all purchase markets is brewing,” said Bill Dallas, CEO of Skyline Home Loans, during a webinar sponsored by Inside Mortgage Finance this week. “The market is coming off a purchase bottom and is ready for a shift to purchase.” The Mortgage Bankers Association projects that ...

IBM announced last week that it is offering a digital loan-processing platform that will allow borrowers to engage in the loan application process via a smartphone or tablet. Eric Ray, a general manager of IBM’s financial services sector, said the IBM Digital Loan Platform will help lenders connect with borrowers. “We believe delivering a transformational customer experience will differentiate future mortgage leaders from the pack,” he said. “By partnering with IBM, lenders can out-maneuver ...

Trying to sell a residential finance company in a rising rate environment is never an easy thing, much less a mortgage technology company that is known for having a large client base of third-party lenders including loan brokers. But don’t tell that to Ellie Mae. Earlier this month the publicly traded mortgage software vendor saw its share price spike 25 percent after word leaked out that it was contemplating a sale. Although company co-founder and Chief Executive Sigmund Anderman declined to ...

Altisource Portfolio Solutions this month announced that a subsidiary will acquire Equator, the software service provider that helps facilitate home sales for four of the six largest servicers as well as the government-sponsored enterprises. The acquisition is valued at a base price of $70 million with an additional $80 million over three years, subject to Equator achieving performance targets. The sale is set to close by mid-September. Altisource said the acquisition diversifies its customer base and ...

DataQuick believes property valuation is key to portfolio stability because lending is no longer just a credit decision anymore.

In May, Sen. Bill Nelson, D-FL, flagged the disturbing consumer credit reporting practice of lumping a short sale within the same industry code as a foreclosure in consumer credit reports.

Okay, so banking regulators have blown multiple Dodd-Frank rule making deadlines. But for now the QM rule is on track. Right?

Seeing a business opportunity with the ongoing explosion in new mortgage rulemaking, software providers LendingQB and DocuTech recently formed a strategic alliance, integrating their platforms and enabling their clients to streamline their compliance document preparation. LendingQB is a Costa Mesa, CA-based company that specializes in loan origination technology and services for the mortgage industry. DocuTech, based in Idaho Falls, ID, is a provider of enterprise-class compliant ...

Michael Chan, vice president of ComplianceEase, has come up with a check-list that should be part of every lender's due diligence effort.

Ocwen Financial Solutions Private Limited, a vendor based in India, received high marks from Morningstar Credit Ratings. OFS is a subsidiary of Ocwen Financial that handles servicing for more than 50 clients. Morningstar said the vendor’s metrics meet or exceed industry standards for customer relationship management, homeownership retention and delinquency management. “Ocwen India, with its multiple servicing platforms, extensive and ...