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Inside Mortgage Trends

July 6, 2007

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First Houston Implements 100 Percent Paperless Mortgage

If reducing costly paperwork is good for lenders, then eliminating it is even better. But the process is often incremental, and removing that last bottleneck in the paper chain can stymie the move to a truly complete eMortgage process. That’s what happened at... Read More

Online Origination Volume Down Slightly As Several Major Players Exit the Market

Online mortgage origination volume in the first quarter of 2007 dropped 6.7 percent from the first quarter of 2006, to $188 billion, while total originations are down only 3.5 percent, according to a new Inside Mortgage Technology analysis... [Includes two charts] Read More

Fidelity National Adopts Identity Theft Screening

Fidelity National Financial, one of the nation’s largest title and escrow services companies, is upgrading its ability to combat identity fraud in lending transactions. Fidelity already has a robust program to counter fraud, but the increasing rate of... Read More

Brokers Rely on Automated Systems to Prevent Buybacks

The most common action mortgage brokers are taking to reduce the likelihood of originating problem loans is the use of automated underwriting tools, according to a new survey of brokers. The study, “A Look at the Prime Market after the Subprime Meltdown... Read More

PremierWest Forms Partnership With PHH

Feeling competitive pressures, especially from larger players in mortgage lending, PremierWest Bancorp has turned to an outside firm to help it reinforce its presence in the market. Premier and PHH Corp. have formed a strategic alliance under which PHH will... Read More

Texas Lender Updates Pricing Technology

Citizen’s Mortgage, based in Waco, TX, found that pricing options were becoming a little overwhelming, and turned to Sollen Technologies to provide mortgage market pricing information using Sollen’s Investor Price Guide. The program produces a table of... Read More

LION Management Defeats Dissident Shareholders

The management of Lenders International OnLine Network, widely known as LION Inc., beat back a challenge by dissident shareholders, but the company’s board of directors has formed a strategic review committee to “evaluate the company’s strategic options.” The panel... Read More

Fed Offers Consumer Mortgage Calculator

As part of the agency’s effort to provide consumers with better credit information, the Federal Reserve has announced the availability of a Web-based “Mortgage Comparison Calculator” that consumers can use to compare monthly payments and the amount of... Read More

Technology Newswire

DocuTech, a provider of compliant mortgage documents... Kroll Factual Data and Innovative Software Solutions have... Byte Software has rolled out a tool designed to facilitate... Financial Industry Computer Systems, a mortgage technology specialist... Read More

Technology Procurement

The Coastal Bank, headquartered in Savannah, GA, found that partial automation of its lending system wasn’t quite good enough... CommonWealth Central Credit Union has signed on with Lending Solutions Inc. for loan-by-phone and Internet lending services... Read More

Technology Management

Strategic Analytics has appointed Eric Christensen senior vice president for sales and marketing. He will be responsible for... The Property Records Industry Association has appointed three new board members. The new directors are: Kelly Romeo, director of... Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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