LOS Enhancements, Advancements
A major financial institution recently implemented a new loan origination system, while providers of competing LOS offerings have integrated other services into their systems.
The Money Source Expanding Staffing, Servicing
A complete makeover planned at The Money Source Inc. will be accompanied by substantial expansion of its staffing and mortgage servicing portfolio. New technology platforms are being provided for its clients.
HMDA Tools Available Online
Three new tools that are part of the online platform for reporting data required by the Home Mortgage Disclosure Act are now available.
Major IRS Glitch Could Delay Closings by Months
A change in the technology utilized by the Internal Revenue Service has created a glitch in a system used by home lenders that could end up delaying mortgage closings by months.
Mortgage Vendor Search Engine Launched
A new search engine has been launched for people in the mortgage industry to find vendors that offer a variety of services to the sector.
Day 1 Certainty Cuts Loan Origination Turnaround
Mortgage bankers that utilize the Federal National Mortgage Association's Day 1 Certainty can cut there turnaround by as much as a third.
Pricing Engines Improved, Integrated & Implemented
As developers of mortgage product and pricing engines improve their technology and integrate with other service providers, they are gaining new clients.
Loan Origination Systems Enhanced, Adopted
Enhancements to a loan origination system have thrust a technology provider into the fastest-growing club. One LOS developer has integrated the services of two mortgage insurance companies, and two have scored new clients.
Service Providers Help With Mortgage Compliance
A regulator is helping lenders prepare for upcoming changes to Home Mortgage Disclosure Act reporting. Two mortgage firms are utilizing service providers to help them with quality control.
Appraisal Industry Innovations
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals.