| Emerging Software Choices Means More Time and Money for Originators | | Posted Tuesday, February 06, 2007 1:10:58 PM by Blog57 Team | | Mortgage originators today should have a degree in technology to manage the software tools required for an average workday. Gone are the times when a few friends from the country club and a telephone were enough to help you make a good living originating mortgage loans. Today, it is the technologically savvy and computer literate originator that gives borrowers better, faster service and gains a clear competitive advantage. Loan origination systems, automated underwriting engines, paperless processing, are tools of the trade that, if an originator masters, will equate to more closed loans. But every new opportunity brings with it challenges. Using many of these resources typically comes at a heavy financial cost. Even if one invests the capital, many systems don't play well together. Originators have a laundry list of websites, passwords, and monthly and annual costs just to manage the software built to manage their tasks.... | |
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| | | Germany's DAX Index Falls; Commerzbank, Deutsche Boerse Decline | | Posted Wednesday, November 15, 2006 7:11:25 AM by Blog57 Team | | Nov. 14 (Bloomberg) -- German stocks fell, led by Commerzbank AG and Hypo Real Estate AG after German investor confidence unexpectedly fell to a 13-year low in November. Deutsche Boerse AG fell after the operator of the Frankfurt Exchange denied speculation that it will drop a bid for rival Euronext NV. Infineon Technologies AG gained after Europe's second-biggest maker of semiconductors said its spun-off memory- chip unit is ``performing better than in the past.'' The benchmark DAX Index fell 6.35, or 0.1 percent, to 6387.38. The HDAX Index of the country's 110 biggest companies slid 4.19, or 0.1 percent, to 3282.07. DAX futures expiring in December declined 8, or 0.1 percent, to 6406.5 as of 5:47 p.m. in Frankfurt. Commerzbank, Germany's second-largest lender, dropped 30 cents, or 1 percent, to 28.63 euros.... | |
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| | | H&R Block Shares Jump on Possible Mortgage-Unit Sale (Update3) | | Posted Friday, November 10, 2006 7:28:52 PM by Blog57 Team | | Nov. 7 (Bloomberg) -- Shares of H&R Block Inc., the largest U.S. tax preparer, gained the most in almost a year after the company said it may sell or spin off its money-losing mortgage business. The stock rose $1.39, or 6.4 percent, to $23.28 in New York Stock Exchange composite trading, the biggest jump for the Kansas City, Missouri-based company since Nov. 18, 2005. H&R Block said yesterday after the close of regular trading that it would shut 12 of 33 branch offices at its Option One Mortgage Corp. in the next four months, and look at options including a sale or spinoff. The company reported its largest loss in at least 17 years for the quarter ended July 31 after reserving $102.1 million for mortgage defaults. ``Option One was a dragging business, so we liked the news,'' said David Roberts, who helps manage about $15 million at Harvest Investment Advisors, including H&R Block shares.... | |
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| | | TPO Management Software automates important processes. | | Posted Wednesday, November 08, 2006 1:22:20 PM by Blog57 Team | | November 7, 2006 - Promoting efficient broker and correspondent lender relationships, TPO Manager automates approval, licensing verification, and relationship management of third party originators (TPOs). Web-based solution has SOA architecture and stores licensing information in centralized management system. Other quality control and fraud mitigation services include criminal and background checks, information on past bankruptcies, and identity validation. Program can also incorporate watch lists. .... | |
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| | | The Mortgage Warehouse Speeds Loan Processing With Electronic Document Delivery From Captaris and IKON Office Solutions | | Posted Monday, November 06, 2006 7:32:50 AM by Blog57 Team | | Captaris, Inc. , a leading provider of software products that automate document-centric business processes, and IKON Office Solutions , the world's largest independent channel for document management systems and services, today announced that The Mortgage Warehouse (TMW) has selected IKON to integrate Captaris(R) RightFax(R) Enterprise Server with its internal software applications and multifunction products (MFPs) to help streamline and secure the electronic delivery of critical and confidential business documents. TMW reported that the solution has allowed it to process more loans in a shorter period of time, enhance the security around lending documents and save close to 50 percent on costs. Based in Clearwater, FL, TMW is a wholesale lender providing services to mortgage brokers and their borrowers.... | |
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| | | CIC Automates the Mortgage Process | | Posted Friday, October 27, 2006 11:20:00 PM by Blog57 Team | | (BULLETIN BOARD: CICI) Communication Intelligence Corporation ("CIC"), a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification announced today that on November 2, 2006 at 2:00 P.M. Eastern Time CIC and Adobe Systems Incorporated ("Adobe") will present a live online seminar on streamlining mortgage origination and processing. Adobe and CIC have partnered to enable authenticated electronic signatures within Adobe(R) Acrobat(R) and LiveCycle(TM) documents. This unique eSignature solution addresses the diverse needs of electronic mortgage processes. Together Adobe and CIC are making mortgage processing faster, easier, and more cost-effective by streamlining processes and automating steps that require paper -- from loan sourcing to servicing.... | |
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| | | Tavant Technologies Introduces Powerful Default Management Capabilities | | Posted Monday, October 23, 2006 7:12:18 PM by Blog57 Team | | Tavant Technologies Inc., a rapidly growing IT services company focusing on the development of mission- critical software applications, today announced the immediate availability of its unique default management capabilities that enable mortgage servicers to achieve lower delinquency and default rates. These capabilities are comprised of a set of frameworks and components for speedy deployment that leverage Tavant's extensive experience in the development and implementation of Mortgage Servicing applications, specifically in default management. Tavant's Default Management frameworks and capabilities enable it to work with servicers in the development of systems that can enhance the default process in two critical ways: 1) provide agents with workout plans in real time that will help return more borrowers to performance and 2) improve productivity and minimize the costs involved in managing various aspects of default such as Loss Mitigation, Foreclosure and Real Estate Owned (REO).... | |
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| | | Delta Lloyd Life Awards FIS Software Multi-Million GBP Contract to Implement New Policy Administration System | | Posted Thursday, October 19, 2006 3:12:20 PM by Blog57 Team | | A leading life insurance company Delta Lloyd Life has awarded FIS Software, a global leading provider of complete package-based software solutions for life and pensions organisations headquartered in Cardiff, a multi-year, multi-million GBP contract for the implementation of ALIS as their new policy administration system across their portfolio of investment, risk, mortgage and savings products. Delta Lloyd Life will use ALIS to replace several current back office systems that are managing the Delta Lloyd business in Belgium. The new ALIS-based system provides a web-based environment, managing both back office and front office operations, and will include a data migration. This will enable Delta Lloyd Life to bring significant improvements in the administration of products and services to end-customers.... | |
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| | | U.S. mortgage rates increase with renewed inflation concerns | | Posted Sunday, October 15, 2006 3:11:45 PM by Blog57 Team | | Inflation concerns boosted mortgage rates during the past week, hitting adjustable-rate mortgages especially hard, according to Freddie Mac's weekly survey, released on Thursday. SMART LIVING & INVST. ARTICLES Drought in Australia made wheat futures go though the roof - what are the implications on the economy, stocks and bonds? Sam Adelton Limit up after limit up in grains can cause food prices to rise sharply as rest of the economy goes into recession and deflation. READ MORE>> Fed keeps talking about inflation risk while debt burdened economy looks southwards with starting deflation - it is stocks after oil, metals and gold Peter Oberois The stagflation is fast changing to deflation.... | |
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| | | Quicken loan firm plans site in Valley | | Posted Sunday, October 15, 2006 1:09:38 PM by Blog57 Team | | The nation's largest online mortgage lender plans to create nearly 400 jobs in Arizona as it opens a division in north Scottsdale early next year. Quicken Loans Inc. already has started hiring for the positions, which pay an average of more than $75,000 after one year, even though it hasn't yet finalized a site. The company plans to issue an announcement about its plans Monday. Quicken Loans employs more than 3,700 people in suburban Detroit but wanted a Western operation to better serve customers in later time zones. .... | |
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