Items Tagged with 'Company Customer'


  • Mortgage industry trending toward digital transactions

    After Brandon and Rebecca Chustz had their first baby in October, the couple decided it was time to buy their first house. The Dallas residents searched online at sites such as Trulia and Zillow to get an idea of which part of town they wanted to live in, then narrowed down their search by size and, more importantly, price. They drove through prospective neighborhoods, surveyed the environment, and eventually settled in a house further from downtown than they previously lived.
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  • Tech Roundup: MBA Tech Show Kicks Off

    As the annual MBA Technology in Mortgage Banking Conference kicks off today in Las Vegas, a number of industry technology vendors have announcements of new technology and enhancements to their platforms. Today, we're running an extended version of our weekly Tech Roundup department to ensure you're kept up-to-date with the latest. Mortech's Marksman Gets New Features
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  • Wells Fargo Extends Modification Access to 478,000 Wachovia Customers

    Wells Fargo & Co. [stock WFC][/stock] said Monday it had extended access to its streamlined modification plan to some 478,000 customers of the absorbed Wachovia Corp. after the merger completed Dec. 21, 2008. The bank said it could not estimate an exact number of delinquent mortgages -- or mortgages risking delinquency -- of the approximately $120 billion mortgage portfolio. Mortgage customers being referred to foreclosure as well as those in foreclosure will receive an extension until Feb.
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  • Lehman Goes Bankrupt; Wall Street Swoons

    Lehman Brothers Holdings Inc. [stock LEH][/stock] filed for bankruptcy late Sunday night, the largest corporate bankruptcy in U.S. history -- dwarfing WorldCom Inc.'s insolvency in 2002. The Wall Street firm was done in by the very mortgages that helped it climb to new heights in recent years.
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  • Del Mar DataTrac Refocuses, Discontinues PriceTrac PPE Solution

    Del Mar DataTrac, Inc., one of the larger loan origination system platform providers in the mortgage space, said Wednesday it had decided to discontinue its in-house product & pricing engine, called PriceTrac -- a move that signals the San Diego-based company's strategic shift towards an open platform approach, rather than attempting to build an "all-in-one" LOS platform.
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  • PHH Posts Q1 Profit, Sees Mortgage Production Losses Narrow

    PHH Corp. [stock PHH][/stock] said Friday that losses in its mortgage production business narrowed during the first quarter to $8 million, compared to a $39 million loss one year earlier -- a smidgen of good news for a battered industry. Unfortunately, the company's servicing operations swung strongly into the red, posting a $16 million loss for the quarter relative to a $55 million net gain one year ago.
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