Technology

Browse articles from all of our Newsletters related to Technology.

November 13, 2018 - IMFnews

Altisource’s Equator Includes a Blockchain Option in its Servicing Platform

Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...


November 12, 2018 - Inside the CFPB

CFPB’s Info Security Program Improved in Incident Responses

The CFPB’s information security program has improved in the past year with more effective incident responses to detected cybersecurity events, according to a recent report from the bureau’s Office of Inspector General. On a scale of one to five, the CFPB’s overall information security program is operating at a level three or “consistently implemented.” Several activities are being performed at a higher level, according to the OIG. The major improvement ...


October 30, 2018 - IMFnews

Digital Footprint Useful for Predicting Loan Defaults

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.


October 26, 2018 - Inside Mortgage Trends

Digital ‘Footprint’ Useful for Predicting Defaults

Specific details in consumers’ email addresses and insight into whether lower-case writing is consistently used can be just as useful for predicting defaults as credit scores, according to research published by the Federal Deposit Insurance Corp. The findings suggest that financial technology companies could use data from so-called digital footprints to challenge traditional lending business models. The findings were detailed in a recent paper titled “On the Rise of the FinTechs – Credit ...


October 26, 2018 - Inside The GSEs

Fannie Deploys New Tool to Help Servicers with Investor Reporting

Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting.


October 26, 2018 - IMFnews

What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List: GSE Reform

But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...


October 25, 2018 - IMFnews

Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

HUD Secretary Ben Carson had some sobering thoughts about low interest rates...


October 25, 2018 - IMFnews

State Regulators Try Again with Lawsuit Against OCC Aiming to Prevent Fintech Charters for Nonbanks

John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.


October 19, 2018 - IMFnews

Aging IT Systems a Major Concern for FHA, VA and USDA

FHA is running on a 40-year old IT system…


October 18, 2018 - Inside Mortgage Finance

Megabanks Optimistic About Digital Mortgage Applications, Changes to Loan Officer Functions

Both Wells Fargo and Bank of America are rolling out digital mortgage application services this year. Speaking at the annual convention of the Mortgage Bankers Association this week in Washington, the megabanks said they are seeing increased utilization of digital solutions by mortgage clients, which will in turn change the role of loan officers.


October 18, 2018 - Inside Mortgage Finance

IT Modernization Tops Government Lending Programs’ Priority Lists; FHA, VA, USDA Announce Policy Changes

Policy changes are coming down the pike for participants in government lending programs to enhance and improve operations, compliance and customer service, according to agency representatives speaking at the Mortgage Bankers Association’s annual convention in Washington, DC, this week.


October 18, 2018 - IMFnews

Megabanks Optimistic About Digital Mortgage Applications. The Role of the LO Will Change

Bank of America expects 50 percent of its mortgage clients to go the digital route next year…


October 15, 2018 - IMFnews

Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding

The Senate Banking Committee's review of GSE pilot programs will have to wait...


October 12, 2018 - Inside Mortgage Trends

Benefits Seen from Outsourcing Contact Center

Servicers can boost borrower satisfaction by outsourcing some of their contact-center duties, according to an analysis by CoreLogic.


October 12, 2018 - Inside Mortgage Trends

Norcom Mortgage Deploys Fully Digitized Platform

Norcom Mortgage has completed its end-to-end electronic mortgage platform with the adoption of vendor e-closing technology, making it the first mortgage lender in Connecticut to offer fully digitized closings.


October 12, 2018 - Inside MBS & ABS

MISMO Plans Non-Agency Standardization Effort

The Mortgage Industry Standards Maintenance Organization is launching an effort to standardize the loan-grading systems used by due diligence firms in the non-agency MBS market.


October 11, 2018 - Inside Mortgage Finance

More than 25 Percent of Lenders Are Using Artificial Intelligence and Machine Learning, More Growth Likely

Artificial intelligence and machine learning technology are currently being used by 26 percent of lenders surveyed by Fannie Mae. The government-sponsored enterprise also found that the share of lenders using such technology could hit 60 percent within two years.


October 11, 2018 - IMFnews

Roughly 26 Percent of Home Lenders are Using AI, Machine Learning

Use of artificial intelligence seems to be concentrated at nonbanks…


October 10, 2018 - IMFnews

GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending…

Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security.


October 5, 2018 - Inside Nonconforming Markets

Non-QM Lenders Look for Automation

Deephaven Mortgage’s recent adoption of an automated system to pre-qualify expanded-credit borrowers has prompted some speculation about whether fully automated underwriting systems could be used for originations of non-qualified mortgages. A number of expanded-credit lenders at the ABS East conference suggested that some automated underwriting is possible, but some aspects of the non-QM underwriting process will likely need human intervention. The conference was ...


Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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