Archive for loan origination system

FirstBank Inks Multi-Year Contract For Black Knight’s LoanSphere MSP

Posted by Lauren Tyler on August 09, 2017

Black Knight Financial Services (BKFS) has announced that FirstBank, a privately held bank, has signed a six-year contract to implement its LoanSphere MSP servicing system, which supports first mortgages and home equity loans and lines of credit. According to BKFS, [Read More]

Optimal Blue Adds Third-Party Oversight To Its Offerings With Purchase Of Comergence

Posted by Patrick Barnard on May 30, 2017

Optimal Blue, offering mortgage pricing and hedging software, has acquired mortgage compliance software firm Comergence Compliance, thus significantly expanding its offerings. Founded in 2008, Comergence provides an array of third-party originator, appraiser and social media risk management solutions that verify [Read More]

Mortgage Loan Solicitors In Vermont Must Get Bonded By Year’s End

Written by Todd Bryant on May 30, 2017

BLOG VIEW: A bill recently passed in the state of Vermont introduces changes to the licensing requirements for loan solicitors. According to the new bill, as of Dec. 31, loan solicitation companies and individuals will be required to obtain a [Read More]

Mortgage Volume Was Abysmal In Q1

Posted by Patrick Barnard on May 26, 2017

How well did mortgage lenders do during the first quarter, volume-wise? In a word: abysmal. At least, when compared with recent past quarters. A little over 1.4 million loans (refinance and purchase loans) were originated – down 30% compared with [Read More]

NAR: Existing-Home Sales ‘Stymied’ By Low Inventory In April

Posted by Patrick Barnard on May 24, 2017

Existing-home sales were at a seasonally adjusted annual rate of about 5.57 million in April – down 2.3% from a downwardly revised estimate of 5.70 million in March, according to the National Association of Realtors (NAR). Despite the month-over-month decrease, [Read More]

MERS To Provide LEI Registrations And Renewals To Mortgage Industry

Posted by Patrick Barnard on May 15, 2017

In order to help the mortgage industry comply with expanded reporting requirements under the Home Mortgage Disclosure Act (HMDA), MERSCORP Holdings Inc., which operates the MERS e-registry, has entered into an agreement with The Depository Trust & Clearing Corp.’s (DTCC) [Read More]

Mortech’s PPE Now Integrated With BeSmartee

Posted by Patrick Barnard on March 27, 2017

Mortech’s product and pricing engine (PPE) is now integrated with BeSmartee‘s mortgage process automation platform. That means lenders using BeSmartee to deliver online e-mortgage capabilities to their customers can now streamline their origination, rate pricing, underwriting and closing processes. With [Read More]

Black Knight Enhances LoanSphere Empower LOS With PitchPoint

Posted by Lauren Tyler on January 25, 2017

Black Knight Financial Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, says that its LoanSphere Empower loan origination system (LOS) will be integrated with PitchPoint Solutions, a provider of mortgage fraud risk [Read More]

PCLender Announces Enhanced Integration With Blend

Posted by Lauren Tyler on January 25, 2017

PCLender, a provider of Internet-based mortgage solutions for community banks and credit unions, says it has integrated with Blend, a Silicon Valley, Calif., technology company founded in May 2012. As a result of the partnership, lenders that work with PCLender will be [Read More]

Jeff Weinstock: MISMO Allows For ‘Consistent Experience’ In The Mortgage Process

Written by Patrick Barnard on January 10, 2017

PERSON OF THE WEEK: For nearly 33 years, Dallas-based Financial Industry Computer Systems Inc. (FICS) has been providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. This includes Loan Producer, a loan origination system (LOS) that can [Read More]

Mortgage Peer Network, OpenClose To Enhance Lender Operations

Posted by Lauren Tyler on October 24, 2016

Mortgage Peer Network, sister company to Precision Risk Management Systems, a provider of mortgage business intelligence and pipeline risk management solutions, has joined forces with OpenClose, a multi-channel loan origination system (LOS) provider, to help lenders generate new business and [Read More]

Getting The Most Out Of Online Originations

Written by Lionel Urban on August 11, 2016

BLOG VIEW: Increasingly, shopping is being done online these days – and shopping for a mortgage is no exception. Millennials, in particular, are likely to at least start the process of looking for a home loan online. As that segment [Read More]

PNC Bank To Implement Black Knight LoanSphere Empower LOS

Posted by Patrick Barnard on April 27, 2016

Black Knight Financial Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, says PNC Bank, a member of The PNC Financial Services Group Inc., will utilize the following solutions from Black Knight: [Read More]

Mortgage Cadence Introduces New Business Intelligence Dashboards

Posted by Patrick Barnard on April 27, 2016

Mortgage Cadence, an Accenture company, has released two new business intelligence dashboards for Enterprise Lending Center (ELC) – the company’s cloud-based loan origination platform – that are designed to help mortgage lenders enhance operational efficiency, increase throughput and maximize profitability. [Read More]

OpenClose Taps Michael Falce To Handle Increasing Demand For Multi-Channel LOS

Posted by Patrick Barnard on April 19, 2016

Industry veteran Michael Falce has joined the team at West Palm Beach, Fla.-based OpenClose, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, as vice president and enterprise account executive. In this role, Falce will work with lending entities of [Read More]