Home » Newsletters » Inside Mortgage Trends

Inside Mortgage Trends

March 16, 2007

View Archived Issues

Online Mortgage Production Slowed by 2006 Market Slump

Mortgage lenders made somewhat greater use of online technology in 2006 but the volume of business conducted through the Internet dropped 3.9 percent from the previous year. A new Inside Mortgage Technology ranking and analysis finds that an... [Includes two charts] Read More

Mortgage Software License Violations Cost Company $1 Million

New technology brings the promise of efficiency and cost savings, but it can be expensive for a company that disregards or misunderstands intellectual property rights. In one such case, a federal court recently ordered Freedom Financial & Trust Ltd. to pay... Read More

Credit Union Upgrades to Expand Mortgage Business

Security Service Federal Credit Union of San Antonio has formed a “partnering” arrangement with Prime Alliance Solutions Inc. that will allow Security’s loan officers to use Prime Alliance’s technology to originate and process its members’ mortgage applications... Read More

Impac’s Underwriting Adds Payment Shock Calculator

Impac Mortgage Holdings has updated its Web-based automated underwriting and pricing program to make loan evaluation easier for correspondent lenders and mortgage brokers, including a new “payment shock calculator.” The payment shock calculator shows the lender how... Read More

GSEs To Deliver Uniform Security Instruments Online

Fannie Mae and Freddie Mac have developed Internet-accessible master and short form uniform security instruments which the government-sponsored enterprises hope will benefit lenders and borrowers by lowering recordation costs. The forms will permit recording of... Read More

Integrated Risk Management Technology Can Cut Costs

Technology is an increasingly powerful tool for managing risk, and failing to make the most of it costs financial services companies billions of dollars every year, says Guillermo Kopp, executive director at TowerGroup, a research and consulting firm based in... Read More

FBI, MBA Promote Online Mortgage Fraud Warning

The Mortgage Bankers Association and the Federal Bureau of Investigation have agreed to work together to promote the electronic dissemination of the FBI’s Mortgage Fraud Warning Notice. MBA will make the notice available on its Web site, and will also make it... Read More

Technology Newswire

Chordiant Software Inc., a provider of... Ellie Mae Inc. has introduced Encompass... CCMC Inc., a provider of interface software... Wolters Kluwer Financial Services has purchased... American Brokers Conduit, the wholesale division... Read More

Technology Procurement

National Bank of Kansas City is implementing a major support function upgrade and has selected... Cenlar FSB has engaged Fidelity National Information Services Inc. to assist in the conversion... Read More

Technology Management

Lender E-Source: The Vista, CA-based firm has appointed... Mortgagebot LLC: The firm has appointed Dan Welbaum chief... Ohio Savings Bank/AmTrust Bank: The Cleveland-based bank has appointed... Mortgage Builder Software: The firm’s president, Keven Smith, has... Read More