Items Tagged with 'Big Data'

ARTICLES

  • From HW Magazine

    How mortgage companies are capitalizing on their greatest asset: big data

    APIs have changed the game
    The evolution from a paper-based process to this era of big data is astounding. Consider that according to IBM, 90% of the world’s data has been created in the last two years. The Internet of Things — your thermostat, refrigerator, even your kid’s Barbie doll — is increasing that data exponentially. For mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific business. Fortunately, scores of fintech companies are ready to help.
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  • SXSW: Leveraging big data to reach the credit invisible for purchase mortgages

    Amherst InsightLabs panel on the impact of a fully quantified housing ecosystem
    Last year, investment in real estate tech startups totaled more than $6 billion, which isn’t surprising given the implications of big data on the housing economy. Everything from evaluating risk management to analyzing the next trend in housing depends on gathering “clean” information on mortgage borrowers and home sellers. But one group remains largely absent from this data collection, and this is the group that most intrigued a panel of big data experts assembled by Amherst InsightLabs at SXSW on Sunday.
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  • CFPB collecting data on 600 million credit accounts despite privacy, security risks

    GAO report: Weaknesses in CFPB ability to assess data collection
    A Government Accountability Office comprehensive study released by the ranking member of the U.S. Senate Banking Committee confirms that the Consumer Financial Protection Bureau is collecting financial data on up to 600 million consumer credit card accounts, without sufficient security and privacy protections to ensure there is no risk of improper collection, use, or release of consumer financial data.
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