Browse articles from all of our Newsletters related to Technology.

September 24, 2018 - IMFnews

Short Takes: Freddie Doesn’t Mince Words / Thinking of Going Public? / Why Amazon and Google Won’t Buy an Existing Franchise / Moogle or Moogage? / Texas Capital’s Deposit Base / Mortgage Job Cuts at USAA

Meanwhile, Hindman doesn’t see Amazon or Google buying an existing mortgage franchise...

September 24, 2018 - IMFnews

Nonprime Lender Deephaven Taps LoanScorecard’s AU Software

Recently, Inside Nonconforming Markets published its second quarter ranking of expanded-credit lenders, but Deephaven did not appear.

September 24, 2018 - IMFnews

MBA Backs User Fee to Fund Tech Upgrades for USDA Program

The FHA has proposed a similar user fee but has been denied repeatedly by Congress…

September 14, 2018 - Inside MBS & ABS

CMBS to Benefit as More Income-Property Managers Embrace Smart Building Technology, DBRS Says

Increasing use of smart building technologies such as the internet-of-things can benefit commercial real estate, and thus bring meaningful impact to commercial MBS, said DBRS.

September 13, 2018 - Inside Mortgage Finance

Borrowers Look for Lenders that Offer Digital Mortgage Features and Some Person-to-Person Communication

After years of talk about “digital mortgages,” now is the time that lenders should adopt such technology, according to Henry Cason, a senior vice president at Fannie Mae and head of digital products for the government-sponsored enterprise’s single-family business.

September 13, 2018 - Inside Mortgage Finance

CFPB Encourages Innovative Consumer Disclosure, Hints at More No-Action Letters in the Future

In the most recent step to encourage fintech innovation, the Consumer Financial Protection Bureau is retooling its policy to spur improved alternative consumer disclosures.

September 13, 2018 - IMFnews

Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board

The number of mortgage lenders using technology from Blend has quadrupled in the past year…

September 11, 2018 - IMFnews

Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO

The nonprofit exchange must pay for any “property” associated with CSS…

September 7, 2018 - Inside FHA/VA Lending

Integrated Claims/Conveyance Services Reduce FHA Risks, Costs

The profitability of mortgage servicing is under pressure these days due to factors that keep costs high, but there is a better way to reduce costs and conveyance time, especially for FHA foreclosed loans, according to a white paper from Dimont. Integrated processing of insurance claims and conveyance-related activities can dramatically reduce servicers’ operating costs and penalty risks on FHA and other investor-backed loans, said the Dallas-based technology solution provider. The white paper, “The Power of Integrated Claims & Conveyance Services,” lists factors that could significantly affect a servicer’s profitability, such as low origination volume, declining delinquency rates and other factors, like severe weather patterns. Servicing costs for performing loans peaked in 2015 when the average cost for servicing a single-family loan reached $181 per loan – the highest cost since the ...

September 7, 2018 - IMFnews

What We’re Hearing: Ex-Goldman Partners See Gold in the Subprime Hills / Under the Radar / Strong Non-QM Volumes from Angel Oak and Citadel / The Conventional Loan of the Future: Five Percent Down at Least / DeMarco Weighs In / Signs of Overheating: Home Flipping

Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...

August 29, 2018 - IMFnews

Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.

August 24, 2018 - Inside FHA/VA Lending

Defect in VA’s VALERI Application Causes Bill Collection Confusion

An undetermined defect is causing the Department of Veterans Affairs’ loan servicing reporting system to spit out duplicate bill-of-collection transaction numbers. The VA Home Loan Guaranty staff is collaborating with the Administrative Loan and Accounting Center (ALAC) to work around the issue. The resolution to correct the defect in the VA Loan Electronic Reporting Interface (VALERI) application is scheduled to be included in the 18.4 VALERI release on Dec. 8, 2018. VALERI is in the first phase of a three-year project to convert from a system for reporting and storing servicing data to an end-to-end mortgage-processing platform. The VA also has issued a number of servicing alerts and reminders. Liquidation appraisal fees in Colorado will increase in certain counties effective Sept. 1, 2018, so that all counties will have the same fee per property type. The fee changes will be updated and reflected on the ...

August 23, 2018 - Inside MBS & ABS

LenderLive Is Selling Its Fulfillment and Secondary Market Unit to Computershare

The Australian-based Computershare Limited – a behind-the-scenes player worldwide in stock registration and trades – has agreed to purchase LenderLive Network, a mortgage fulfillment and secondary marketing vendor, for an undisclosed sum.

August 23, 2018 - Inside Mortgage Finance

MISMO Creates Groups to Tackle Emerging Technologies, Third-Party Risk Management

The Mortgage Industry Standards Maintenance Organization is forming a new group to identify emerging technologies such as blockchain and digital mortgage that could impact the industry.

August 17, 2018 - Inside Mortgage Trends

PwC Finds Paradigm Shift in Digital Experience

So much has changed in today’s digital environment that consumer expectations have shifted, creating a new generation of digital mortgages. Mortgage lenders need to explore new opportunities that come with increased digitization to provide added value to their borrowers, according to a new report by PricewaterhouseCoopers.

August 17, 2018 - IMFnews

Computershare Makes Another Mortgage-Related Purchase: LenderLive Network

Two years ago, Computershare Limited bought Capital Markets Cooperatives, one of the largest mortgage co-ops in the U.S., for roughly $71.2 million.

August 16, 2018 - Inside Mortgage Finance

A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow?

Zillow Group earlier this month agreed to acquire Mortgage Lenders of America, a national residential originator based in Overland Park, KS. Shortly after the announcement was made, Zillow’s share price crumbled, suggesting that investors aren’t bullish on the mortgage business these days.


Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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