Email this pageYour thoughts?
Is there enough understanding of what an e-note actually is?
Quote of the Week
We talked about everything being paperless five years ago. This market is going to push us over the edge.
Sig Anderman, chief executive officer at Ellie Mae, said in discussing the impact market conditions will have on automation.
Tech Term to Note
- node
- 1) In networks, a processing location. A node can be a computer or some other device, such as a printer. Every node has a unique network address, sometimes called a Data Link Control (DLC) address or Media Access Control (MAC) address. 2) In tree structures, a point where two or more lines meet.
White Papers
Banking to the Power of X
Generation 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
Interested in going electronic? eLynx's Sharon Matthews outlines one approach to help lenders get there. Also in the issue hot topics like how's the best way to choose a vendor partner that will last and how's the best way to look at stand-alone vs. embedded pricing technologies are fleshed out. Lastly, the magazine is proud to announce our Top 25 Tech-Savvy Lenders. See who made it on the list and why. Featured StoryAsk Not What Your Borrower Can DoBy Keven Smith, Mortgage Builder 
John Kennedy didn’t say that, but he might have if he’d been a lender in today’s market. For mortgage professionals making their living at the point-of-sale these days, it is truly about what they can do for their borrowers. Not for the sake of altruism, but for the sake of gaining the borrower’s trust on this transaction, and earning the next. Making a borrower’s experience better and memorable for its lack of surprises and off-putting escapades is the name of the game for lenders right now, and there is technology that can help make that happen. It’s your loan origination software, the LOS system, the technology that first surfaced a couple of decades ago to save your processing staff from typing name, address, and Social Security Number ad nauseam on dozens of different paper forms. Today, the LOS system is your partner in creating origination efficiency, and the breed is getting better and better all the time. These days, an LOS system can not only speed up the process and check for errors, omissions and data disparities, it can actually save lenders and borrowers money – as in empty lines on the closing statement that once had numbers representing money out of the borrower’s pocket. |
Free NewsletterSign up for our free weekly email newsletter:Tech Niches BlogM&As A Plenty In the past two weeks we saw two very big technology mergers and acquisitions with global IT companies acquiring firms with heavy ties to the mortgage market. Specifically, IBM intends to acquire ILOG and Wipro Technologies has acquired Gallagher Financial. What’s next? Executive SpotlightThe All-In-One LOSInterview with Ravi Varma, LendingSpace 
The Holy Grail has always been achieving the end-to-end loan origination system where all a lender’s technology needs are satisfied in one core system. Instead, the LOS remains the system of record, but is integrated with niche technology players to automate the entire mortgage process. Thriving LOS companies are actively looking to get closer to being end-to-end as niche players look to be sold. Ravi Varma, the CEO of LOS LendingSpace, talked with our editor Tony Garritano about moving closer to the all-in-one LOS. Tech Innovation BlogChanging The Channel — Capitulation It might be said that 2008 represents the quartet harvest of seeds planted years ago — required financial re-balancing, technological advancements, the fourth iteration of globalization, and hyper-appreciation for basic commodities. Yet as we struggle with survival, does the harvest present only suffering or is there opportunity beyond selling loans to the GSE’s? |
||
Video Newscast
|
|||
Daily Mortgage Technology NewsFirstAm Unit Offers E-Docs on Int'l MortgagesAugust 19, 2008 First American Loan Production Solutions has begun offering electronic document packages that allow lenders to originate and close mortgages on U.S. purchases of investment properties and second homes in Costa Rica, the Dominican Republic, and Mexico. Click here for more.CSC Unveils Tool to Expedite Servicer AidAugust 14, 2008 CSC, a provider of technology based in Falls Church, Va., has announced the introduction of Borrower Inquiry, a tool designed to enable homeowners facing foreclosure to track the status of their requests for help from their mortgage servicers. Click here for more.Zillow: Home Values Off Nearly 10% From '07August 12, 2008 Home values fell 1.7% in the second quarter, dropping to a level 9.9% below that of a year earlier and posting the largest year-over-year decline in the past 12 years, according to Zillow.com, an online real estate community based in Seattle. Click here for more.Wipro Technologies Acquires GallagherAugust 11, 2008 Bangalore, India-based Wipro Technologies, the global IT services business of Wipro Ltd., has completed the acquisition of Gallagher Financial Systems Inc. Click here for more.eAppraiseIT Unveils Reverse Valuation SystemAugust 8, 2008 First American eAppraiseIT, a provider of real estate valuation products and services, has announced the release of a hybrid valuation product designed to help the reverse mortgage industry assess and monitor the value and condition of portfolio properties. Click here for more. |
|||
Tech-Savvy Lenders
What does it take to be named one of our Top 25 Tech-Savvy Lenders? Using the Internet to strategic advantage certainly is a key factor. We look first to the stats we collect for online retail and third-party mortgage lending. We pay particular attention to which lenders are setting the mark in using their websites as transaction platforms for consumer-direct and/or third-party transactions. And we also consider other ways lenders are using technology in ways that are exemplary for the rest of the mortgage industry. Read more |
2008 Top Providers
This list has gone through several changes over the past few years. For example, we originally honored 100 providers, but have recently sliced that down to just 50 in order to reflect the deep industry consolidation. As lenders look increasingly for one end-to-end solution, technology providers have merged or acquired niche players to offer a variety of services or technology applications under one company name. Read more |
||
