Here's a product idea: hit a button on your cell phone and get foreclosed on...

The transformation of the mortgage is continuing apace, as technology vendor Cloudvirga has brought to market its new intelligent Mortgage Platform (iMP), which it bills as the industry’s “first comprehensive digital mortgage platform, effectively alleviating the pain points, cost and time associated with the mortgage process.” The new platform combines three emerging trends in technology: cloud storage and security, digitization of images to useable data, and ...

Real estate agents find realty websites more useful in generating homebuyer leads than websites operated by mortgage lenders, according to the results of a new survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. “Real estate information available online is causing a fundamental shift in lead sources for homebuyer agents,” said Tom Popik, research director for Campbell Surveys. “Real estate agents prefer online home-buying platforms over mortgage lenders for homebuyer leads.” An agent’s “sphere of influence/personal reputation” remains...

The call-center business model used by Quicken Loans won praise from real estate agents who often prefer to deal with a local loan officer, according to the results of a new survey by Campbell Surveys and sponsored by Inside Mortgage Finance. “It is clear that agents like Quicken for loan programs, lead time on closing dates, policy on providing closing status to agents and performance on meeting closing dates,” said Tom Popik, research director for Campbell Surveys. He said...

CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.

Can (and will) Congress act to fix the TRID mess?

This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...

SWBC is looking to hire 40-plus technology workers.

Don't like the housing sales figures? Blame Trump and Bernie...

A number of home buyers have been duped by hackers in an e-mail and money wiring scam involving purchase mortgages, according to the Federal Trade Commission. The FTC posted a warning about scammers “phishing” for settlement fees late last week. In a phishing scheme, fraudsters impersonate a business online in an effort to trick a consumer. “Hackers have been breaking...