3 DC-Area Organizations Add Executives
A mortgage technology group that operates near the nation's capitol named several executives to various posts, while new executives were hired at a public relations firm and a law firm both based in Washington, D.C. Three former agency executives landed in senior posts at service providers, and a company that fixes loan problems has a new technology chief.
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LOS Providers Go Compliant
Developers of loan origination systems have loaded their offerings with technology that helps mortgage originators stay compliant with agency guidelines, government lending requirements and mortgage regulations.
AMCs Versus In-House
An appraiser for the U.S. Department of Housing and Urban Development, a trade group representing appraisers and another trade group representing appraisal management companies recently weighed in about the merits of using AMCs, appraisal management technology and in-house appraisal management.
Reverse Mortgage Help
The latest version of one loan origination system helps reverse mortgage originators meet new disclosure requirements, while setup fees are being waived by a provider of reverse mortgage Web sites. The biggest reverse mortgage lender has nailed another deal with a group of companies.
Google Launches Loan Comparison Service
Two loan pricing firms have aligned with Google Inc. to provide loan quotes to prospective borrowers who utilize search engines to find mortgage lenders.
Credit Scoring Insight
As regulators battle credit repair firms, one company is promising that anyone can start a credit repair business for less than $50. Two companies have identified how much credit scores can be impacted by factors such as loan modifications, late payments and over-extension. A ratings firm and credit repository will combine technology for securitized loans.
Service Providers Align Executives
An executive was able to use his relationship with a friend he knew from high school to help score a senior position at a loan origination system developer. Meanwhile, two other mortgage service providers also announced changes at the top.
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Ellie Acquires Compliance Firm
A mortgage compliance service provider has been acquired by Ellie Mae.
Service Provider M&A Frenzy Still Going
An acquisition that closed today creates a one-stop shop for servicers and lenders, while the recent purchase of a mortgage insurance platform has a new mortgage insurer up and running. Two mortgage processing service providers were also acquired.