Technology Enhances Appraisal Services
Several appraisal service providers have either stepped up their own technology or aligned with other mortgage technology providers to improve their valuation service offerings.
CFPB Selects 12 Firms for eClosing Pilot
A dozen firms, more than half of which are lenders, have been selected by the Consumer Financial Protection Bureau to participate in a digital experiment.
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.