The title insurance company was fined for an inadequate response after receiving notification that millions of mortgage records were inadvertently available for view online.
eVault technology from DocMagic will be incorporated into ICE Mortgage’s Encompass loan origination system. Also, MISMO expanded its eMortgage tech certification program.
Most of the big banks -- even Bank of America -- reported hefty gains in mortgage banking income during the first quarter that appear largely driven by net servicing fees. (Includes data chart.)
Stavvy has secured $40 million in an initial funding round while Spruce closed on a $60 million Series C round. The vendors provide tech-related services for lenders and servicers.
Interest rates are firming up and servicing sales are proliferating. Some dealmakers believe the second and third quarters will be barn-burners in terms of transactions.