LOS Providers Prepare for HMDA Reporting Changes
Multiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements. Meanwhile, an LOS has been designed for hard-money lenders.
Best Mortgage Originator Ranking
Borrowers have become less satisfied with their mortgage lenders thanks to longer turn times and an unsatisfying digital process. Quicken Loans Inc. is now sharing the top spot with another firm.
Mortgage CFOs, CIOs and Presidents Appointed
Several recent C-Suite appointments within the mortgage industry were peppered with a host of mid-level manager hirings and promotions. Impacted departments include warehouse lending, information technology and sales.
Big Technology Enhancements Ahead At BofA
Bank of America Corp. is studying using biometrics to replace user IDs and passwords, planning to introduce a rapid new mortgage application tool and developing a virtual assistant.
Ocwen Switches Servicing Systems Per Consent Orders
Ocwen Financial Corp.'s residential loan servicing subsidiary is changing its mortgage servicing system as was required by recent orders with several states.
NMLS Registrants Targeted in Phishing Scam
A warning has been issued about an email phishing scam that is targeting registrants in the Nationwide Mortgage Licensing System.
Marketplace Home Lender Hiring Dozens in PA
Dozens of technology employees are expected to be hired in Pennsylvania by a mortgage marketplace lender that has closed more than $1.7 billion in home loans.
Quicken Loans 3rd Party Unit Using Calyx-Powered LOS
A unit of Quicken Loans Inc. that originates through small financial institutions has turned to CalyxSoftware to power its loan origination system.
Lead Management Lacking in Many LOS Systems
A survey of mortgage lenders indicates that loan origination systems are often lacking for the compliance and lead tools. But LOS providers have been busy integrating other services.