System Helps Lenders Cater to Online-Savvy Users
A new product enables lenders to offer technically adept consumers the ability to shop their products, initiate the loan process and obtain disclosures.
Former Fannie IT Employee Admits Sabotaging HAMP
A former employee of the Federal National Mortgage Association has admitted to accessing company computers after he was fired and sabotaging the website for loan modifications.
Mortgage Events Address Abundance of Issues
Upcoming events for the mortgage industry include regulator-hosted workshops, housing policy gatherings and an e-signature convention. Private lenders are also planning to meet in Sin City.
Several LOS Integrations Completed
Mortgage technology providers have recently been busy enhancing their loan origination systems through the integration of other services such as automated compliance, pricing engines and mortgage insurance.
Mobile Phones and Consumer Financial Services
Undoubtedly, mobile phone use and technology have revolutionized consumers' lives the way peanut butter and jelly once made headway for the sandwich landscape. Recent studies show more consumers are taking to mobile financial services, which could be as great a convenience for them as sliced bread.
LOS Enhancements Promise Increased Workflow, Access
One service provider upgraded its loan origination system to aid with compliance preparation, and another enhanced access to mortgage insurance. Meanwhile, a Michigan company observed that technology providers seem to be limiting software delivery methods.
Cordray to Keynote Regulatory Conference
The director of the Consumer Financial Protection Bureau will speak at a regulatory conference next month. Other upcoming events will tackle technology, litigation and servicing.
Biggest Challenges of New Integrated Disclosures
Although mortgage lenders have more than a year to prepare for implementation of new integrated disclosures, many challenges could leave some ill prepared.