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Title: Financial Services/Mortgages/News and Media - Mortgage Technology Publication addressing the influence of technology on the industry. Includes featured story, tech awards, buyer's guide, glossary. |
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National_Mortgage_News Weekly newspaper serving the industry in the US and internationally. Features news, analysis, trends and events, buyer's guide, regulations updates. [more]
| Origination_News Monthly news magazine for the mortgage origination business. Presents featured story, sample issue, archive. [more]
| Originator_Times Online publication for includes breaking news, featured articles, interest rate projections and industry press releases. [more]
| Scotsman_Guide Periodical serving mortgage originators. Includes information on both residential and commercial versions plus subscription and advertising rates. [more]
| Your_Mortgage_Magazine Bi-monthly publication focused on Australian residential and investment property finance. Includes daily updates of bank interest rates, fees and charges, with links to loan calculators and a weekly n [more]
| Accent_Business_Services,_Inc_ IT consulting services, Staffing, Software application development. We specialize in supporting public and investor-owned utilities of all types. [more]
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Mortgage Technology ord=Math.random()*10000000000000000;document.write(''); function email_pg(cur_url) { // var my_url = "http://data.nationalmortgagenews.com/cgi-bin/to_friend.pl?url=" + window.location var my_url = "http://www.nationalmortgagenews.com/cgi-bin/email_friend/to_friend.pl?url=" + cur_url; window.open(my_url, "_blank","toolbar=no, location=no, directories=no, status=no, menubar=no, scrollbars=no, resizable=yes, copyhistory=no, width=550, height=400"); } :: FREE NEWSLETTER :: SUBSCRIBE :: ADVERTISE :: CONTACT Email this page :: Home:: Magazine:: Free Newsletter:: Daily News:: Video Newscast:: Archive:: Mortgage Tech Awards:: Apply:: Top Providers:: Mortgage Tech Glossary:: Executive Spotlight:: Tech Niches Blog:: Tech Innovation Blog:: Featured Story:: Tech Savvy Lenders:: Conference CalendarRelated Sites:: National Mortgage News:: Origination News:: BrokerUniverse:: Mortgage Servicing News:: Mortgage University:: WeirdLoans:: Mortgage Grapevine document.write(''); Your thoughts? How important is investing in fraud detection technology nowadays? A. Very Important B. Important C. Not Important Put your comments here. Quote of the Week Investors will have less comfort with making any loan that is unusual, but that doesn’t mean this market won’t have potential. The dust has to settle first. We need a return to stability.
Bill Kelvie, founder and CEO at Overture Technologies, said about how technology will be used to tap emerging markets going forward. document.write(''); document.write(''); document.write(''); document.write(''); Tech Term to Note fat client In client/server architecture, a client that performs the bulk of the data processing operations. The data itself is stored on the server. See "thin client" for contrast. Although the term "fat client" usually refers to software, it can also apply to a network computer that has relatively strong processing abilities. Also called "thick client." See the full Glossary White PapersBanking to the Power of XGeneration X - those born between 1965 and 1979 - now represent nearly 50 percent of homebuyers. How will you capture their business? Do you have the online presence you need to reach and serve these web-savvy borrowers? This white paper from Dexma answers these questions and offers specific advice lenders can use to evaluate and improve their mortgage websites.Read more The Magazine This edition of Mortgage Technology magazine takes on the hard issues surrounding risk mitigation. Also, readers will find content on how to choose the right pricing vendor, how technology can help lenders avoid REOs, how automation can help lenders tap the FHA market more effectively, etc. Further, Interthinx penned an article predicting what future regulation will look like. Read more Featured Story Is It Really all About The Data? By Roger Gudobba, Compliance Systems Inc. Before granting a mortgage the lender wants to know if the value of the property is sufficient to cover the loan amount and is the borrower able to repay the loan? Information (data) must be collected, analyzed and validated to properly assess the risk. The capability to manage that risk and eliminate fraud in the loan process is the reason why data integrity is so important.
The first opportunity to control data quality starts with the initial collection of application data. Missing vital information is critical. So we build applications to identify required data and control the input with error trapping. If the information is not readily available, the user tends to enter invalid data as a workaround to move the process forward.
Transposition or misspelling adds another potential opportunity to impact the data quality. The next opportunity occurs as the processor interacts with other parties providing their respective information. This processor may unintentionally alter previously correct information and the intentional misrepresentation of information to perpetuate fraud is always a constant threat.
Once all of the information and supporting documentation is gathered the difficult task of evaluating and underwriting the loan begins. The underwriter examines that information and determines the risk using what is commonly referred to as the 4 C’s:
Read more... Free Newsletter Sign up for our free weekly email newsletter: Email address: Tech Niches Blog My Wish Is Answered In the November issue of Mortgage Technology magazine, which can be downloaded for free here, I wrote about Xerox Mortgage Services and eLynx continuing to step up their efforts to help lenders transition to doing e-mortgages. In that article I welcomed both to the “e” playing field and welcomed others to join in. I had no idea someone would take me up on my offer so soon.Read more Executive Spotlight Reflecting On The Market Interview with Scott Everett, Supreme Lending Despite the bailout the stock market continues to jump up and down. Where does it end? And how will the rest of the bailout money be used now that Secretary Paulson says it won’t be used to buy bad loans? And what role can technology play in getting the industry closer to correcting? Scott Everett, Founder and President of Supreme Lending, talking with our editor Tony Garritano about these and other pressing issues facing lenders today.
Read more... Tech Innovation Blog The Moral of Innovating on Waxed Wings In time of extreme stress and financial crisis, the illusionary and amorphous benefits of innovation are exposed to intense illumination and frequently wither under the intense heat. Their end measurements or much touted “paradigm shifts” are yielding less than expected, budgeted, or promised. A consequence is executive and investor disbelief in new models of operation and the solution sets that act as catalysts for their anticipated achievement. Read more Video Newscast window.onload = function() { flashembed( "video", { src:'/video/FlowPlayerClassic.swf', width: 320, height: 263 }, { config: { videoFile: 'http://www.mortgage-technology.com/video/newscast20081119.flv', autoPlay: false, loop:false, menuItems: [ 1, 1, 1, 1, 1, 1, 0 ], splashImageFile: 'http://www.mortgage-technology.com/video/splash.png' } } ); } In this newscast our editor Tony Garritano discusses:
Restoring The Secondary Market
Creating a More Reliable Process
Advancing E-Mortgage Ease of Use
More Seamlessly Integrating With MERS
How To Choose The Right PPE
And Much More ... Click the image to start the video Mortgage Technology AwardsAnd The 2008 Mortgage Technology Magazine Award Winners Are ... Mortgage Technology magazine gave out awards in seven categories honoring achievement in mortgage lending technology at the MBA's 95th Annual Convention & Expo 2008, held in San Francisco. Given market conditions, the importance of identifying excellence in automation is magnified as lenders scramble to cut costs and be more efficient."Nobody can deny that this has been a very challenging year for all in the mortgage industry," said Tim Murphy, mortgage group publisher and vice president at SourceMedia. "Despite bad times, now is the time to differentiate by embracing new technologies in order to prepare for better times ahead.""It is my belief that our award winners and finalists will help show that there is light at the other end and will play an important role in reviving the mortgage industry," added Mortgage Technology magazine editor Anthony Garritano. "Certainly hard times are never welcome. By giving out these awards we at Mortgage Technology magazine demonstrate that there are both companies and individuals that have, are and will continue to move the mortgage industry forward in a positive direction."In each of the seven categories two commendations are given out and one winner is announced. The 2008 companies and individuals recognized are:Click here to find out... Daily Mortgage Technology News Ellie Mae Targets Loan Modification Market November 20, 2008 Ellie Mae, a provider of loan processing software, is creating and updating loan modification closing packages for several top ten lenders, the company said. Click here for more. First American Offers Reverse Mortgage Score November 17, 2008 The First American Corp., Santa Ana, Calif., said it has introduced what it believes is the first "reverse mortgage score," a data-based numerical value designed to help servicers quantify the likelihood that struggling senior borrowers can avoid foreclosure on their current loans by qualifying for government-insured Home Equity Conversion Mortgages. Click here for more. Consolidation in Title Industry: FNF Buying LFG November 7, 2008 Title insurance giant Fidelity National Financial has agreed to purchase one of its top competitors, LandAmerica Financial Group, for $126 million in stock. Click here for more. Weichert Feeds Zillow Listings November 6, 2008 Zillow.com and Weichert Realtors have formed a partnership, which enables Weichert to automatically feed all of its listings to Zillow.com on a regular basis. Click here for more. CREDCO Updates E-Commerce Website November 3, 2008 First American CREDCO has replaced eCREDCO.com, the company's dedicated e-commerce site, with an all new integrated online ordering and marketing website. Click here for more. 2008 Top 25 Tech-Savvy Lenders What does it take to be named one of our Top 25 Tech-Savvy Lenders? We look first to the stats we collect for online overall and retail lending. Certainly, our list had to change this year due to the market. Ongoing restructuring of the industry made us take a wait-and-see on some that we know are making unpublicized strides with technology that we hope to honor in the future.Read more 2008 Top Providers This list has gone through several changes over the past few years. Forexample, we originally honored 100 providers, but have recently sliced thatdown to just 50 in order to reflect the deep industry consolidation. As lenderslook increasingly for one end-to-end solution, technology providers have mergedor acquired niche players to offer a variety of services or technologyapplications under one company name.Read more © 2008 Mortgage Technology and SourceMedia, Inc. SourceMedia is an Investcorp company. All rights reserved. For technical support e-mail webmaster@mortgage-technology.com. Privacy Policy _qacct="p-c7HeVi0NoNiis";quantserve(); |
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Publication | addressing | the | influence | of | technology | on | the | industry. | Includes | featured | story, | tech | awards, | buyer's | guide, | glossary. | |
http://www.mortgage-technology.com/
Mortgage Technology 2008 November
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Publication addressing the influence of technology on the industry. Includes featured story, tech awards, buyer's guide, glossary.
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