Mortgage Daily

Published On: September 10, 2001

Last Updated Friday, September 14, 2001 02:34 PM CST

Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.

Who will pay for the Strand Index?
Bidding for residential real estate gauge ends Friday June 27

Electronic Signature Law Working Well, FTC Says
To determine whether the provision is overly meddlesome, the agency received input from 32 interested groups, ranging from computer companies and banks to consumer groups and academics June 27

Realty tech stocks mixed
A good week on Wall Street was had by some June 22

E*Trade revamps LoansDirect
Online stock brokerage to rebrand acquired LoansDirect as E*Trade Mortgage June 18

More new things
ESuite, iSelect, June 18

Fannie Chairman: Web’s a Medium, Not the Medium
Raines said the Internet is just “one channel” and that some dot-com companies severely limit themselves by limiting originations to the Web June 14
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Realty tech stocks mixed
Real estate technology stocks move slightly higher, slightly lower this week June 10

Ask George: Realty Tech Talk
Questions and answers about real estate software and hardware June 8

E-Signatures: Unsigned, Unsealed, Undelivered
Complicated process hindering broad acceptance June 5

Realty tech stocks
A win-some-and-lose-some week on Wall Street for real estate stocks
Friday, May 25

Cheaper and faster appraisals
Automated valuation models are quick, but are they accurate? May 23

Cyberspace’s ‘big spenders’
Real estate companies among top spenders on online marketing May 22

Consumers Shop Online, Then Follow-Up Locally
Discussion of recent MBA survey May 21

Web Site to Offer Advice on Ending PMI Payments walks borrowers through process May 19

Real Estate Tech Talk
Practical software tips May 11

Online Survey Finds Nearly 75% Of Borrowers Used Internet To Check Interest Rates In 2000
MBA reports that 95% of refinancers used Internet for some part of the mortgage process May 9

Vital Standards Adopted For Paperless Transactions
Mortgage Bankers, Fannie agree on framework that will make e-mortgages a reality May 8

Realty technology stocks
Real estate shares post mixed results this week May 4

Many search, few apply
Online mortgages have yet to catch on, but the industry thinks it has solutions April 29

New Century Takes Total Loss On LoanTrader Investment
$1.1 million charge taken in first quarter April 26

War Of The Words
NAR, HomeAdvisor both claim top traffic position April 20

Two Mortgage Trading Sites Team Up For Larger Mkt Share, an online trading exchange of asset loans, said it has invested in Inc. in exchange for its real-time trading technology April 11
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Freddie Mac Giving Employees a Chance to Change Fields
Company will usher about two dozen employees into an intense, four-month course designed to mold them into techies April 8

Mortgagebot Spins Off
Marshall & Ilsley retains interest along with new investors including GE Mortgage April 4

E-Loan Obtained $37.5M In Financing In March, Early April
Annual report discloses that E-Loan obtained $5 mil in interim financing from promissory notes to 2 existing stockholders, a $25 mil line of credit to be used for interim financing of auto loans, and a loan agreement with an officer and stockholder for a $7.5 mil demand line of credit April 3
 (subscription required)

Fed sets rules for online financial disclosures
If disclosures not e-mailed directly to customers, then they must receive notification where documents posted & info must remain available on a Web site for at least 90 days March 29

Mortgage technology
Recent acquisitions make Ellie Mae powerhouse in loan origination systems March 28

Lending Revenue Growth Rate Hits 75% at Intuit
Quicken lending business had been growing 35% to 50% before recent rate cuts March 28

E-Loan gets a boost from Raymond James
Analyst said recent industry volume surge likely to benefit E-Loan & raised his 2001 revenue estimate 18 percent to $46 million March 27

After Being Kept Secret for Years, Credit Scores Go Online
Fair, Isaac & Co. teamed online with Equifax Inc. to provide FICO scores and other personal credit information to consumers nationwide this week March 23

MGIC partners with Myers to provide online MI orders March 13

Commercial Mortgage Firms Must Enter ‘C-Commerce’ Era
MBA white paper on e-commerce March 12

IndyMac Bank Ranked #1 Mortgage Site for 3rd Consecutive Quarter by Gomez
Company announcement points out that this is first time any lender held spot for three consecutive quarters March 6

To E, or Not To E?
Industry executives speculate about electronic mortgage transactions March 2

Technology’s Helping Hand
Industry executives discuss mortgage servicing technology February 22

HomeAdvisor Technologies splits up
MSN gets HomeAdvisor, Realty Desktop; mortgage division for sale February 15

S&P Acquires Charter Research
Purchase enables S&P to provide credit risk management services to commercial mortgage market February 15

CitiGroup Buys iOwn
Few details of deal for online lender are disclosed February 13

Countrywide E-fundings Rise 336%
e-Commerce fundings $2.4 billion in January February 9

eHome files Chapter 11
Company trying to reorganize around tech-driven B-to-B business model February 08

Indexing Online Mortgages
Myers Internet Services
 to track online mortgage applications and rates February 7

Tech Talk
Industry executives talk about application service providers February 6

Commercial Mortgage Technology’s Future
Panel discusses what to expect in real estate finance technology February 6

Stewart To Deliver Fully Electronic Mortgage Closing Service
 technology enables execution, storage, & ownership transfer of electronic mortgage documents January 29

E-Loan Quarterly Loss Falls From 1999
4th quarter mortgage loan sales were $344.8 million January 26

E-Loan Enters Home Equity Lending
Company sold 342 home equity loans for a total dollar volume of $13.9 million in fourth quarter January 26

Myers Internet Services Forms Strategic Alliance with New Century Mortgage Corporation
New Century brokers now able to submit loan applications via Internet January 24

What’s The Score?
Credit Scores And How They Are Determined January 12

E-Loan Shares Up 567% From Low Last Month
Company announced today that 4th quarter auto loan volume up 190% over 1999 January 10

Instant Gratification
Veriscore enables lenders to expedite permanent corrections to erroneous credit reports January 10

Minton To Lead MBA’s Industry Technology Efforts
Hiring of Minton is part of MBA decision to restructure and elevate its technology-related committees January 9 Files Lawsuit Against AOL
Mortgage search engine claims AOL intentionally breached advertising contract January 6

E-Loan Shares Trade At All-Time Low
Shares of the Internet mortgage company off 98% from 1999 high December 18

Twenty Six Percent of Brokers In Survey Access Rate Sheets Over Internet
 survey of 200 mortgage brokers December 12

Click2Doc Gives POINT® Users “Free” Same Day Document Delivery
Originators can email Point documents to borrowers; no special software required by borrowers December 12

LandSafe to integrate online order system for closing services November 6

Digital Notary
Company Offers Digital Notary Service November 3
 (revised November 9)

Mortgage Bids
Priceline Applies Auction Model To Mortgage Lending November 2

Fair Isaac Makes Reason Code Explanations Available to Consumers Enables Buyers To Better Understand How Their Credit Scores Are Calculated November 2

Bridging The Gap
 Providing Technology For The Technophobic Subprime Mortgage Industry November 2

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