Technology

Browse articles from all of our Newsletters related to Technology.

May 25, 2018 - Inside Mortgage Trends

Mortgage Industry Beginning to Incorporate AI

Servicers, lenders and other industry participants are starting to introduce artificial intelligence services to borrowers and use the technology internally. Late last week, Bank of America launched what it claims is “the first widely available AI-driven virtual financial assistant.” The assistant can help the bank’s customers complete tasks, including checking loan balances and scheduling mortgage payments. The assistant is being rolled out to the 25 million customers who use BofA’s mobile application ...


May 16, 2018 - IMFnews

Coming Uniform MBS Could Have Side Effects for Fannie Mae

Fannie disclosed the single-security “may adversely affect our financial results and contribute to declines in the liquidity or market value of our MBS.”


May 14, 2018 - IMFnews

Fannie: Appraisals Still Needed Despite Technological Advances

Fannie Mae's Renee Schultz said the decision to offer property inspection waivers is probably the longest running pilot the GSE has ever had…


May 2, 2018 - IMFnews

Short Takes: What’s in a Name? / First, We Change the Name in the AP Style Book / CRL Wants FHA Changes / Fannie Tech Official Departs for Vendor

CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."


May 1, 2018 - IMFnews

Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...


April 27, 2018 - Inside Mortgage Trends

Rent Payment History Could Boost Borrower Pool

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 ...


April 27, 2018 - Inside Mortgage Trends

Huge Gains Coming from New Technology

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 ...


April 26, 2018 - IMFnews

Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

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


April 25, 2018 - IMFnews

VA-Based Nonbank Lender Reveals Data Breach

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


April 23, 2018 - IMFnews

M&A Mania is Hitting the Mortgage Vendor Market

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


April 23, 2018 - IMFnews

VA’s Plan to Make VALERI a Fully Operational AUS Well Underway

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


April 20, 2018 - Inside Nonconforming Markets

New Lender Focuses on Jumbos, Tech

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 ...


April 19, 2018 - IMFnews

Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

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.


April 18, 2018 - IMFnews

Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space…

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


April 13, 2018 - Inside Mortgage Trends

Cryptocurrency Revolution Eyes Homebuying

Bitcoin, the internet’s virtual currency, is slowly becoming an acceptable alternative method of payment for items, including real estate. Whether it will supplant the more traditional process of purchasing a home remains to be seen. Thomas Bayles, chief executive officer of Urban Asset Group, a house-flip firm in Los Angeles, last year facilitated a record-setting purchase of a mid-century house in Eagle Rock, CA, using bitcoins. The remodeled, five-bedroom residential property in ...


April 13, 2018 - Inside Mortgage Trends

MERS to Make It Easy for Lenders to Adopt eNotes

The owner of Mortgage Electronic Registration Systems recently launched a product aimed to ease lenders’ adoption of electronic promissory notes, allowing for streamlined digital-mortgage originations. MERSCORP Holdings partnered with eOriginal, a digital-mortgage vendor, to offer eNote Solutions. The product allows for the creation, execution, registration and management of electronic promissory notes, known as eNotes. “This solution will enable thousands of originators to realize the ...


April 13, 2018 - Inside Mortgage Trends

Mortgage Industry Sees Promise in Blockchain

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 ...


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