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Technology

Ginnie Mae Goes Electronic

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Ginnie Mae has announced that it is moving from a paper-based Issuer application process to an electronic system. Beginning Sept. 1, 2014, applicants will be required to file applications for Ginnie Mae Issuer approval electronically via Ginnie Mae's new Application Connection.  The new Application Connection, which will be located on Ginnie Mae’s Web site, will be available starting Sept. 1, 2014.Click to continue

LenderLive Deploys Comergence's REALM for TPOs

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Comergence has announced that LenderLive Network Inc. has selected and deployed its REALM for Third-Party Originators. REALM for Third-Party Originators, a proprietary platform offered exclusively by Comergence, is the most comprehensive, up-to-date, Click to continue

NMP's Mortgage Technology Providers Directory

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Calyx Software
Why techies love the company:
Robust, powerful and compliant, yet flexible and easy to use. Support included.

Why clients love the company: Affordable, reliable products for more than 20 years make us the number one provider.Click to continue

We Need More Than e-Closings to Improve the Consumer Closing Experience

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On April 23, I traveled to Washington, D.C. to attend the Consumer Financial Protection Bureau (CFPB) Forum on the mortgage closing process. The build-up to this event came on the heels of the open public comment period the Bureau established for consumers and industry participants to offer personal experiences, ideas, suggestions and comments about the residential mortgage closing process.Click to continue

Combining Valuation Technology With Data Analytics Takes Appraisals to New Heights

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Most lenders understand that having a sound collateral risk program is essential component of sound credit administration and is mandated by the Dodd-Frank Act. However, there are many aspects that may be overlooked in the actual implementation. For example, reviewing appraisals and evaluations thoroughly before engaging in a loan transaction is critical exercise. This process ensures the value conclusion is reliable and enables informed credit decisions, minimal credit risk, and compliance to supervisory requirements.Click to continue

Homefacts Launches New iPhone App

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Homefacts has announced the launch of a new mobile app for iPhone. Homefacts is a wholly-owned subsidiary of RealtyTrac. The new Homefacts app enables homebuyers, homeowners and renters to view detailed property and neighborhood information and statistics on more than 100 million homes in the United States.Click to continue

RES.NET-Powered Valuation Portal Upgraded for USRES

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USRES has completed a significant enhancement to its proprietary valuation portal, powered by RES.NET. The solution now provides improved security to borrowers by allowing them to securely pay for appraisals through the portal rather than share credit card information over the phone. This enhancement provides loan officers an added option for completing the payment portion of the appraisal ordering process once they order an appraisal through USRES’ online ordering system.Click to continue

We Need More Than e-Closings to Improve the Consumer Closing Experience

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On April 23, I traveled to Washington, D.C. to attend the Consumer Financial Protection Bureau (CFPB) Forum on the mortgage closing process. The build-up to this event came on the heels of the open public comment period the Bureau established for consumers and industry participants to offer personal experiences, ideas, suggestions and comments about the residential mortgage closing process. The sum and substance of the open comment period was reviewed, edited and compiled into a CFPB Report entitled: “Mortgage Closings Today.”Click to continue