Though technology has lagged in the nation’s housing and mortgage financing markets compared to other industries, players in those markets are now bridging the gap in response to their customers’ growing demand. Consequently, more mortgage companies are deploying new technologies, changing market dynamics and consumer behavior as well as laying the foundation for future advances, according to a new report from Moody’s Investors Service. The digitization of loan ...

The lack of consideration of renters’ positive monthly payments is constraining the number of potential borrowers eligible for purchase mortgages, according to an analysis by the Urban Institute’s Housing Finance Policy Center. The HFPC found that rental payment history is “highly likely to be predictive” of mortgage performance. However, credit scores used by mortgage lenders largely don’t track renters’ records of on-time payments. The analysis was funded by the National ...

In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...

WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.

One of the goals of the conversion project is to improve program performance…

Earlier this month, Stone Point Capital bought due diligence advisor American Mortgage Consultants for an undisclosed sum…

Eave, a direct-mortgage lender, launched recently with a focus on jumbo mortgages, technology and low fees. The originator, only operating in Colorado at the moment, claims to be able to close loans about twice as fast as “brand name” lenders. “We took the entire mortgage universe apart and put it back together, better,” the firm said, touting its underwriting process. The lender claims that more than 60 percent of the information collected by other lenders from ...

There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.

MISMO noted that blockchain is based on digitized, distributed ledgers…

Announcements involving mortgage industry participants and blockchain are coming fast and furious, with many predicting that the distributed ledger technology can improve existing processes. Some home sales have already been completed with processes involving blockchain. Ranieri Solutions recently partnered with a blockchain company. Mike Cagey, the former CEO of marketplace lender Social Finance, formed a home-equity lender that plans to use blockchain. And the ...