Company officials at Genworth say the acquisition will provide shareholders with greater value than other actionable alternatives.
Default software solutions provider Equator has announced a multiyear contract with RCN Capital to utilize the recently introduced PRO Foreclosure and Bankruptcy solution. According to Equator, this latest release in the Equator PRO line of solutions was designed specifically for mid-market [Read More]
Black Knight Financial Services Inc. says that it has launched a new mobile app that enables mortgage lenders to instantly access critical business intelligence on Apple and Android devices. According to Black Knight, the Motivity Anywhere app leverages its LoanSphere [Read More]
E-signature and digital transaction management provider DocuSign has announced a series of expanded features that the company asserts will allow lenders and title companies to complete a mortgage 100% digitally. According to DocuSign, the new service, dubbed eMortgage, will enable [Read More]
FirstClose, an Austin, Texas-based aggregator of mortgage settlement services, says that Bethpage Federal Credit Union has selected The FirstClose Report to obtain instantaneous title search, flood certification, valuation and property information with $500,000 of lien protection insurance for all of [Read More]
In a move that could have broader implications for the housing finance industry, government-sponsored enterprise Fannie Mae has introduced Day 1 Certainty, a new initiative to provide its lender clients with freedom from representations and warranties on key aspects of [Read More]
First American Financial Corp., a nationwide provider of title insurance, settlement services and risk solutions, reports that it has reached an industry first: 100% coverage for U.S. property ownership data. Recent additions of new data assets make First American the [Read More]
Flatirons’ FCM Risk Management system will be fully integrated with Resitrader’s mortgage loan trading platform, enabling clients of both firms to sell their loans through Resitrader’s platform while, at the same time, hedging their positions instantly. Flatirons Capital Management (FCM) [Read More]
Exceleras, a provider of Web-based automated tools to manage and value real estate owned properties, has announced that DispoSolutions is now a core element of a new services and technology offering for nonprofit community organizations through a partnership with M2 Asset [Read More]
(This is part three of a three-part series.) BLOG VIEW: In the first part of this series, we described how the innovative tools now widely available in the mortgage industry can better enable mortgage loan officers (MLOs) to make immediate [Read More]
BLOG VIEW: It’s not your imagination. There are a lot more mortgage options available with little down than in the past. The part of the marketplace long dominated by Veterans Affairs and Federal Housing Administration (FHA) financing now has new [Read More]
PERSON OF THE WEEK: Jim Micali is chief operating officer for LERETA, a provider of tax reporting solutions and data to the mortgage servicing industry. MortgageOrb recently interviewed Micali to get his view on whether the recent increase in mortgage [Read More]
Even borrowers with “lower” credit scores, say 620 or 640, are likely to have less relative debt than just a few years ago.