Massive Judgment Against Quicken Title Affiliate
A massive judgment has been awarded by a jury in a lawsuit accusing a title insurance company affiliated with Quicken Loans Inc. of misappropriating valuation technology.
Mortgage Events Include Workshops, Tech Conference
In addition to two private-lending conferences, people in the mortgage industry will also be attending a credit risk workshop and a technology convention over the next 90 days.
HMDA Compliance Among LOS Enhancements
Innovations in loan origination systems include a new interview platform, compliance with changes to Home Mortgage Disclosure Act reporting requirements and lots of new integrations.
Fiserv Selling Majority Interest in Lending Unit
The planned sale of a majority of Fiserv Inc.'s lending unit will include its mortgage servicing software but will exclude its mortgage origination system.
Twitter COO Hired as SoFi CEO
Marketplace lender SoFi, which includes mortgages among its consumer credit offerings, has hired the chief operating officer of Twitter as its chief executive officer.
LOS Enhancements, Advancements
A major financial institution recently implemented a new loan origination system, while providers of competing LOS offerings have integrated other services into their systems.
The Money Source Expanding Staffing, Servicing
A complete makeover planned at The Money Source Inc. will be accompanied by substantial expansion of its staffing and mortgage servicing portfolio. New technology platforms are being provided for its clients.
HMDA Tools Available Online
Three new tools that are part of the online platform for reporting data required by the Home Mortgage Disclosure Act are now available.
Major IRS Glitch Could Delay Closings by Months
A change in the technology utilized by the Internal Revenue Service has created a glitch in a system used by home lenders that could end up delaying mortgage closings by months.
Mortgage Vendor Search Engine Launched
A new search engine has been launched for people in the mortgage industry to find vendors that offer a variety of services to the sector.