Items Tagged with 'mortgage technology'

ARTICLES

Mercury Network acquires Platinum Data Solutions

Move impacts more than 950 lenders
In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.
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[Part two] Ellie Mae: We need to rethink the effectiveness of the Disclosure Desk

The true cost of the disclosure desk
Those in the mortgage industry continue to struggle for efficiency and quality. Yet disclosure desks still manually review borrower documents. It’s an antiquated process that’s quickly becoming a roadblock to the industry rather than a benefit. Continuing from the first blog post, here are two high-level guidelines for making the disclosure process an effective and quality-driven component in the life of the loan.
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[Part one] Ellie Mae: We need to rethink the effectiveness of the Disclosure Desk

The emergence of Know Before You Owe
Those in the mortgage industry continue to struggle for efficiency and quality. Yet disclosure desks still manually review borrower documents. It’s an antiquated process that’s quickly becoming a roadblock to the industry rather than a benefit. So what would happen if the disclosure desk went away?
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Aspire Financial adopts Alight's mortgage tech platform

Platform provides real-time financial forecasts and scenarios
Aspire Financial announced it selected Alight’s Mortgage Lending platform, which will in turn help the company forecast where its business is headed. This latest business venture significantly changes the way the company will handle its expenses, acquire branches and more.
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Realogy Holdings forms tech hub ZapLabs

Focuses on accelerating change within real estate
The latest business venture from Realogy Holdings falls in line with a growing focus of technology in the mortgage market. The real estate company announced that ZapLabs is its new innovation and technology hub. Moving forward, Richard Smith, Realogy's chairman, CEO and president, foresees ZapLabs more broadly focusing its creative energy on the application of emerging technologies.
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How burdensome regulations now mean survival of the fittest

The mortgage industry needs more than compliance capabilities
Even today, the consequences of the mortgage crisis of 2008 resonate throughout the mortgage industry. However, the biggest impact from the meltdown wasn't sweeping regulation. Most will agree that there will be more “TRIDs” or “ATRs.” Instead, it's this key factor for businesses that is important.
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5 keys to ensure security and compliance with modern mortgages

Holding complaints at bay keeps the CFPB away
In a world with increasingly sophisticated cyberattacks and stricter mortgage guidelines, modern technology is the answer for risk mitigation. Here’s how mortgage settlement service providers and their lenders can guarantee security and benefit from turn-key compliance.
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From HW Magazine

4 ways to overcome the bottom-line impact of regulation

Technology is the only saving grace for rising mortgage compliance costs
Origination and servicing costs are on the rise to such an extent that lenders are finding it increasingly difficult to continue on a profitable trajectory, thus leading to offloading non-profitable parts of the business. Mergers and acquisitions are on the rise. In such a difficult and dynamic time for a lender, what can they do to keep production costs low?
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