Many Compliance Enhancements to LOS Offerings
While developers of loan origination systems have been busy integrating the offerings of other mortgage service providers, they have also been diligent about addressing upcoming mortgage rules.
Government Reporting on a Budget
Mortgage firms can find help with government reporting requirements from a service provider that is known more for its technology offerings than its mortgage compliance products.
VA Updating Submission Procedures
Mortgage lenders that make government-guaranteed loans to current and previous members of the military will soon be subject to new submission requirements.
Ellie Expanding Staffing
As many mortgage firms are scaling back on staffing, Ellie Mae is expanding its technical support and adding employees.
Distressed Loan Compliance
A new loan management system for distressed loans is intended to help mortgage servicers stay in compliance with regulations and requirements.
Altisource Announces Acquisition
Altisource Portfolio Solutions S.A. has disclosed an agreement to make an acquisition that could cost it up to $150 million.
New Appraisal Offerings Promise More Accurate Valuations
Service providers are using alliances, technology and enhanced offerings to improve the accuracy of real estate valuations. The improvements are being made to automated valuation models as well as to the appraisal ordering process.
U.S. Bank Adding Hundreds of Mo. Jobs
Hundreds of new jobs in mortgage servicing and technology are planned by U.S. Bancorp for a location in the St. Louis region.