Banks Take Lead in Mobile Migration
As consumers abandon traditional bank branches in favor of mobile platforms at breakneck speed, financial institutions are enhancing their mobile offerings at a comparable pace.
AU Likely Culprit of Bernanke's Denied Refinance
While the former Federal Reserve chairman isn't saying much about his denied application to refinance except that lenders might have gone too far, industry insiders speculate that he has plenty of options.
Improved Valuation Service Offerings
Several service providers have stepped up their appraisal offerings, some though alliances with other service providers. One vendor recently picked up two new clients.
Best Handlers of Mortgage Leads
In a ranking of network lenders who compete for mortgage leads, a company operating from the Empire State maintained its top standing.
Technology Enhances Appraisal Services
Several appraisal service providers have either stepped up their own technology or aligned with other mortgage technology providers to improve their valuation service offerings.
CFPB Selects 12 Firms for eClosing Pilot
A dozen firms, more than half of which are lenders, have been selected by the Consumer Financial Protection Bureau to participate in a digital experiment.
Appraisal Service Providers Team Up
Several valuation firms have joined forces to improve client product offerings. One service provider is supporting trade groups, and individuals at two other firms have been recognized for achievements.
Ellie Mae to Acquire AllRegs
The mortgage industry's curator of lending guidelines is being acquired by the developer of widely used origination software.
Best and Worst Mortgage Servicers
Borrower satisfaction with servicers has increased over the past year, and technology played a role in the improvement. One factor that can substantially improve satisfaction is communication with new borrowers. A relatively new player in the servicing arena has ascended to the top of the heap, while three of the fastest-growing companies were at the bottom.