Technology

Browse articles from all of our Newsletters related to Technology.

May 22, 2017 - IMFnews

CFPB Did Not Fully Secure Sensitive Enforcement Data, OIG Finds

The CFPB responded that “none of the identified opportunities for improvement ever resulted in any breach of confidential information outside the bureau.”


May 19, 2017 - Inside Mortgage Trends

Digitalizing the Back Office is the Next ‘Big Thing’

Plenty of attention continues to be paid to online mortgage shopping and to getting the e-mortgage off the ground in hopes of revolutionizing the entire home loan origination experience for the consumer. But if the potential of digitalization and related technologies is to be fully realized, the back office needs to be addressed, and soon; otherwise lenders run the risk of creating massive backlogs because of the resultant choke points. On the first point, Nate Longfellow ...


May 19, 2017 - Inside Mortgage Trends

Blend Wants to Help ‘Digitize’ Mortgages

Since its founding roughly five years ago, mortgage technology vendor Blend has landed five top-10 residential lenders for its digital origination platform and 20 customers overall. It also has raised $60 million in seed money from investors, but has no current plans to tap the private equity market for cash, which is probably a good sign. “We may raise more money, but not at the moment,” said company Co-founder and Chief Executive Officer Nima Ghamsari. But is Blend profitable ...


May 16, 2017 - IMFnews

DocuSign First Got Wind of Malicious Email Campaign May 9

A DocuSign spokesman did not return a telephone call and email regarding the hacking campaign.


May 11, 2017 - IMFnews

Short Takes: Certain Trade Groups Applaud Watt’s Move / It’s Not ‘Recap and Release’ / GSE Share Price Hardly Budges / Ocwen is a ‘Market Perform’ / Amy Brandt to Head Vendor

Watt’s comments on building capital did not move the share price of Fannie/Freddie common very much...


May 5, 2017 - Inside Mortgage Trends

States Challenge OCC’s ‘Fintech’ Charter

State regulators filed a complaint last week seeking to prevent the Office of the Comptroller of the Currency from creating a national charter for nonbank financial technology companies. The charter would preempt state laws, eliminating a “patchwork” of compliance issues for marketplace lenders and other fintech companies. “If the OCC is allowed to proceed with the creation of a special-purpose nonbank charter, it will set a dangerous precedent that any federal agency can ...


May 4, 2017 - IMFnews

Short Takes: At Impac, a Nice Paycheck for Two Executives / Some History / A Strong Comeback / Invitation Completes Fannie Mae Deal / RedVision Hires Altisource Exec

The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...


May 3, 2017 - IMFnews

Short Takes: Mnuchin to the GSEs: Keep Those Checks Coming / Speculation on a Payment Change / Ocwen Makes Some Headway / 735,000 Loan Mods and Counting / First Mr. Cooper, Now Morty

Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…


April 27, 2017 - IMFnews

Short Takes: Arch Winds up with a Larger Market Share than Anticipated / Silver Point Sells Some of its Stake in PHH / No. 13 / Trading Desks Take on Nonprime / New Hires for LenderLive

PHH Corp. releases its first quarter results the second week of May.


April 21, 2017 - Inside Mortgage Trends

Lenders Push ‘Digital’ Mortgage Offerings

loanDepot rolled out another aspect of its digital origination software interface last week as a number of lenders work to use technology to improve the mortgage application and origination processes. A mortgage origination process that is completely online or digital is still being pursued by lenders, but officials at loanDepot suggest that the proprietary digital lending platform the nonbank has developed, known as mello, is “the future of lending.” “Technology advancements have ...


April 21, 2017 - Inside MBS & ABS

Blockchain Touted as a Way to Help Reduce Reg AB2 Compliance Costs for MBS and ABS

Blockchain technology could help reduce the compliance costs associated with Regulation AB2, according to the Structured Finance Industry Group and the Chamber of Digital Commerce. The two trade groups recently submitted a comment letter to the Financial Industry Regulatory Authority in response to FINRA’s report on distributed ledger technology. FINRA, an independent regulator of broker-dealers, is considering the implications of blockchain for the securities industry. Blockchain is...


April 18, 2017 - IMFnews

Short Takes: Randy Quarles, the Fed and the GSEs / What Role? / A Sign from Movement Mortgage? / Investing in a MortgageHippo / LoanCare Hires CIO

Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?


April 14, 2017 - IMFnews

‘Digital’ Lender Better Mortgage Hopes to Triple Production This Year, Ponders an IPO

According to President Jerry Selitto, the company used traditional LOs when it launched in 2016, but then switched gears “after we realized that’s not the model we wanted.”


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