Reverse Mortgage Business Launched
A new division has 360 Mortgage Group LLC originating reverse mortgages and offering a reverse mortgage processing platform.
Mortgage Regulatory Issues Trump Banks' Volume Concerns
Banks are far more preoccupied with regulatory issues than an expected decline in home loan originations, according to a survey that also identified the biggest aggregators and top providers of origination and underwriting technology.
Mortgage Lenders Have LOS Options
At the top of the headlines for loan origination systems is the recent service outage at Ellie Mae. A range of other LOS providers have been touting new clients, including a reverse mortgage lender, and product integrations with providers of appraisal services and risk mitigation.
Valuation Services Being Acquired
A mortgage service provider that helps home lenders manage their risk is unloading its suite of home valuation services. The acquirer also picked up a compliance company.
Service Providers Enhance Appraisal Quality
A number of enhanced offerings are aimed at upgrading the quality of valuation reports. Several improvements are being accomplished through alliances and partnerships.
LPS Defending Itself Against County's Lawsuit
A recently amended lawsuit by an Indiana county alleges LPS Real Estate Solutions Inc. bypassed the county's login system and avoided fees.
Ellie Fighting Network Outage
On the last day of last month, Ellie Mae Inc.'s services went down and have yet to be fully restored. The technology service provider is utilizing social media to communicate information to its customer base.
Tool IDs Housing Market Health in Biggest MSAs
A new real estate tool claims to measure the health of local housing markets. Data is not available, however, for all metropolitan areas.