twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.


Mortgage Lenders Have LOS Options

Recent loan origination system offerings

April 4, 2014

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

At the top of the headlines for loan origination systems is the recent service outage at Ellie Mae. A range of other LOS providers have been touting new clients, including a reverse mortgage lender, and product integrations with providers of appraisal services and risk mitigation.

Ellie, which experienced a system outage beginning March 31, said by April 3 that service was restored. Issues might still occur, however, with some document services and the Encompass home page.

An April 1 press release from the Pleasanton, Calif.-based company said that it suspected malicious attacks were behind the outage.

"Ellie Mae has detected unusually high demand for services consistent with an external malicious attack characteristic of a distributed denial of service," the statement said. "The company has taken actions to isolate the suspicious activity and prevent future unwarranted access."

Ellie's offerings are available at www.elliemae.com.

On the day the outage started, Woburn, Mass.-based LoyaltyExpress announced it completed an integration with the Encompass mortgage management solution. LoyaltyExpress said it has many clients in common with Ellie.

Three days earlier, First Look Appraisals said it completed a software integration with Ellie, a Mortgage Daily advertiser. First Look is an appraisal management company operating from Chicago. The statement indicated that Encompass handled 3.5 million loan applications in 2013.

Just two days before that, ValuTrac Software announced an Ellie Mae integration. ValueTrac provides AMC technology. The move promises to automate complicated appraisal steps.

Another Mortgage Daily advertiser, Calyx Software, announced Thursday that it added PointServ Instant Verifications to its Calyx Network. Information about Calyx Point is online at www.calyxsoftware.com.

After switching to Fiserv's Velocity LOS, HAPO Community Credit Union increased its loan origination an processing, a Feb. 25 statement from Fiserv said. Fiserv has more to say about its Velocity LOS at www.Fiserv.com.

Salt Lake City-based International Document Services Inc. said last month that it jointly developed an interface between its document preparation system, idsDoc, and the MortgageFlex LoanQuest LOS.

Information about LoanQuest is at www.mortgageflex.com.

Superior results have been achieved by Sabadell United Bank, N.A., since implementing OpenClose's multi-channel lending automation platform, a March 19 press release stated. The Florida bank reportedly has grown its lending business "at a very rapid rate" without increasing its staff.

OpenClose's website is located at www.openclose.com.

In Southfield, Mich., Mortgage Builder Software said last month that Darien Rowayton Bank, AmericanWest Bank and Landmark Professional Mortgage Co. have joined its list of clients.

Mortgage Builder operates virtually at www.MortgageBuilder.com.

An integration announced in March between RELAY LOS provider Blueberry Systems LLC, DataVerify and CBCInnovis is expected to help lenders improve loan quality and mitigate risk. More information about RELAY is at www.blueberrysystems.com.

360 Mortgage Group LLC announced on March 11 the launch of a new reverse mortgage operations, and it will use RV Exchange as the LOS, ReverseVision Inc. announced last month.

ReverseVision touts its wares at www.reversevision.com.

A consortium of wholesalers have banded together to provide mortgage brokers with a free LOS through Liquid Logics. It claims to be the first cloud-based LOS built around the consumer's experience.

Mortgage brokers who utilize members of the consortium don't have to pay a fee when volume goes to consortium members.

However, when asked by Mortgage Daily about which wholesalers are consortium members, a spokeswoman said the company would not release list of lenders.


Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

e-mail:
[email protected]


Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.


Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.

www.mortgagebranchmanagerjobs.com
Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders