DocMagic Scores Win in Case Against Ellie Mae
DocMagic Inc. is touting a favorable ruling in a lawsuit against Ellie Mae Inc.
The documentation preparation firm originally filed two lawsuits in August claiming Ellie used its monopoly to dump DocMagic from its widely used ePASS platform and instead provide documentation services itself through its own competing loan documentation system -- Online Documents Inc.
One of the lawsuits was filed in federal court claiming state and federal antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage and unfair competition.
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Dallas Firm Earns IBM Award
A mortgage service provider grabbed top honors at an annual conference hosted by IBM.
The Appraisal Scoop
Appraisers didn't appreciate being recently blamed by home builders for low values, and several groups have written a letter to Congress about it. Meanwhile, one appraisal services firm is re-branding itself, and two others have integrated their services.
The Appraisal Scoop
Appraisers didn't appreciate being recently blamed by home builders for low values, and several groups have written a letter to Congress about it. Meanwhile, one appraisal services firm is re-branding itself, and two others have integrated their services.
Mortgage Leads Enhanced With Live Pricing
Mortech Inc. is enabling real estate-related Web sites to earn revenues by generating mortgage leads tied to its pricing engine.
LOS Firms Report Rapid Growth
Two providers of loan origination systems have reported significant recent growth, with the increase in business at one of the firms attributed to its early adoption of features for Federal Housing Administration-insured loans. A third firm reported that 15,000 users have adopted its latest technology, while several others touted their LOS enhancements.
LOS Alliances and Integrations
Several developers of loan origination systems have enhanced their offerings through alliances, partnerships and the integration of other services. Among added features are loan product and pricing searches, mortgage compliance and appraisal ordering.
Complying With FHA
Whether it is the Federal Housing Administration's new appraisal requirements, the FHA TOTAL Scorecard or FHA's systems -- several service providers promise to help lenders remain plugged in and compliant.
Mortgage Education Dominated by NMLS
A host of education firms are rushing in to help loan originators meet new federal licensing requirements. Other available education resources for those in the mortgage industry include training on green lending, government underwriting and loan origination systems.
Pricing Engines Enhance Offerings
As pricing engines are integrated with loan origination systems and point-of-sale systems, they are being packed with compliance and mortgage lead management offerings. Recent updates to product and pricing engines also address secondary market objectives.
Appraisal Guarantees
Two appraisal firms are offering guarantees for their work. In other appraisal-related activity, a deadline looms for digital delivery of appraisals, and a new service helps lenders rate the local expertise of appraisers.
