Appraisal Service Providers Team Up
Several valuation firms have joined forces to improve client product offerings. One service provider is supporting trade groups, and individuals at two other firms have been recognized for achievements.
Ellie Mae to Acquire AllRegs
The mortgage industry's curator of lending guidelines is being acquired by the developer of widely used origination software.
Best and Worst Mortgage Servicers
Borrower satisfaction with servicers has increased over the past year, and technology played a role in the improvement. One factor that can substantially improve satisfaction is communication with new borrowers. A relatively new player in the servicing arena has ascended to the top of the heap, while three of the fastest-growing companies were at the bottom.
Zillow Acquisition Creating Online Real Estate Giant
An agreement has been reached for Zillow Inc. to acquire Trulia Inc. in a stock deal valued at $3.5 billion -- creating an online real estate powerhouse.
HUD Updates Digital Document Retention Requirements
Electronic document retention requirements for foreclosures on loans insured by the Federal Housing Administration have been updated.
Ginnie Moving Issuer Approvals Online
The Government National Mortgage Association's issuer approval process is moving out of the analog era and into the 21st century.
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.