Loan Origination Systems Insider
As several providers of loan origination systems tout new clients, a recent survey indicates that a significant share of mortgage firms are re-evaluating their systems. For those considering a new LOS, a number of system enhancements and new features are likely to make offerings more enticing.
134 Events Scheduled for Next 6 Months
Topics to be covered at upcoming conferences include mortgage field services, mortgage fraud and mortgage technology. Presentations will be made by some fast-growing mortgage firms during an upcoming mortgage investor conference. More than 130 industry events are scheduled during the next six months.
Advancements in Mobile Mortgaging
A digital business card, a mortgage payment tool and a mortgage insurance rate finder are among recent mobile applications made available for mortgage professionals. Lenders can look to multiple studies from federal regulators about providing services through mobile devices. Meanwhile, two lenders upgraded existing application capabilities and another developed its own new product.
Mortgage Leads Target Reverse, Hard Money Prospects
Recent mortgage lead rankings rate both and mortgage lead providers and the mortgage firms that buy the leads. Several services are focusing on the reverse mortgage sector, while one is targeting hard money loans and another is zeroing in on Home Affordable Refinance Program prospects.
Appraisal Services Expand
Though no new standalone products have recently been introduced, the appraisal business was abuzz with partnerships, product upgrades and new product features. Two companies reported financial growth, one of which celebrated a ten-year anniversary, and two more underwent identity changes.
Another Record Quarter at Quicken
After breaking its all-time quarterly record for residential loan originations, Quicken Loans Inc. has done it again. The fast-growing lender has also beefed up its staffing and grown its mortgage servicing portfolio.
Quicken Hiring Hundreds (Again)
Quicken Loans Inc., which has grown its staff size by more than 7,000 people over the past four years, is hiring hundreds more.
The LOS Ledger
A giant in the world of loan origination systems is touting a study that identified hundreds of dollars in per-loan benefits from its offerings. While a few LOS providers integrated with other systems, several announced that lenders have made recent investments in their technology. One LOS service provider has ventured into servicing technology.