Mortgage Lending Migrates to Phones
Mortgage technology service providers are continuing to develop applications that move more of the home lending process to wireless phones.
Mortgage Bankers Make LOS Choices
Several home lenders have made recent decisions about their loan origination systems. For those who remain undecided, recent LOS enhancements could sway their decisions.
Services Help Comply With Collateral Underwriter
Several valuation service providers have enhanced existing products or developed new ones to help appraisers cope with Collateral Underwriter.
Credit Scores for Those Lacking Traditional Credit
An estimated 15 million people could move into the world of credit thanks to a new credit scoring model that considers alternative forms of credit. But its applicability to home finance is unclear.
Sideline Assistance Aimed at Integrated Disclosures
With the countdown clock running out the on integrated disclosures, the rule's enforcer has affected some revisions on material guides. Industry associations are taking steps to ensure a smooth transition for their members, while technology providers are making headlines with services aimed at coaching mortgage players through a tricky rulebook.
Mortgage Firms Take on New Leaders
While one of the government-sponsored enterprise snagged a mortgage executive from a big-name financial institution, a young West Coast company recruited several leaders to spearhead a growth spurt. Other appointments include technology, sales and production executives.
FHA Appraisal Delivery Going Digital
Mortgagees on government-insured residential loans will have to start using a new electronic portal to deliver appraisal reports next year.
Bank of America Mortgages By Video
A move into video conferencing by Bank of America Corp. is being expanded as the lender enables prospective borrowers to communicate with its staff by video.