Your Thoughts?
Let your voice be heard! Respond to the "Your Thoughts?" question and explain your answer and we'll possibly use your comments in the next installment of this newsletter. So, stay tuned for that next issue to see how the industry responds and how you measure up to the consensus.
Your thoughts?How have mortgage technology vendors responded to current industry challenges? |
Tech Debate
How far has the mortgage industry come in terms of automation? What do you think? Join the conversation.
Click here to join the debate...
Recent Technology Headlines
- First American Plans to Buy First Advantage
- Loan-Score Links to FHA TOTAL Scorecard
- New Application to Start with a Securitized Mortgage Focus
Conference Calendar
July 20 - 21
Best Practices in Loss Mitigation
SourceMedia Conferences
Sheraton Dallas Hotel
Dallas, TX
Tel: 800-803-3424
More info
Find Out When MT Is Available Online
Most people who read this newsletter also want to know when Mortgage Technology magazine becomes available online in PDF format. Sign up for our monthly reminder email by clicking here.
Click here for more events...
Market Data
Click here for more...
We welcome your comments or questions! Please e-mail them to our editor at Anthony.Garritano@SourceMedia.com
Trend Watch
The Problem With HVCC
By Anthony Garritano, Editor, Mortgage Technology Magazine
The Home Valuation Code of Conduct seemed like a good idea. Who doesn’t want to ensure that the appraiser isn’t being influenced to render a false value? Nonetheless, 94% of 17 respondents don’t feel that mortgage lenders have used technology to the fullest to comply. Lenders seem to be struggling with HVCC.
"HVCC compliance is a tricky issue,” said Vladimir Bien-Aime, president of Global DMS. “It’s not just about using technology to comply, it’s about using technology correctly so that compliance is achieved. While some lenders have done a great job in achieving HVCC compliance by turning to solutions like OASIS, there's a significant segment of the industry that doesn't understand the intricacies of HVCC.”
Industry Outlook
Protecting Borrower Data throughout the Fraud Prevention Process
Perspectives By Lisa Binkley, EVP of Operations & Product Development, Rapid Reporting
When it comes to business, choosing an appropriate partner is just as important as the benefits that bring faster, easier and more efficient processes. It may not make the list of selling points, but safety really does make a difference, especially in the long run. Whether buying a product or enlisting the help of a service provider, it’s always a good idea to know what you’re getting into, and to do enough research on the company to make sure you’re going to be safe down the road. Remember, what may seem like a great deal at first glance, may actually turn out to be a costly proposition if you don’t look under the hood.
Fraud prevention solutions are no different in this respect. Knowing about speed, accuracy and reliability are hugely important, but it’s also critical to understand how they’re working to keep you and your borrowers protected. Lenders, servicers and brokers all need to make sure they’re getting involved with the right partner — one that not only provides the fastest and most accurate answers, and repeatable, standardized processes, but also offers the assurance that highly sensitive borrower data is being protected with the highest levels of security. In other words, mortgage companies also need to look beyond the initial attraction to the whistles and bells, to ensure their relationship won’t lead to trouble in the future.
Mortgage Technology Awards
As in previous years, Mortgage Technology Magazine will recognize the leading innovators in the mortgage technology community in its annual Awards Issue in October 2009.
- Nominations are open until June 30, 2009.
- Winners will be announced at the MBA's annual convention in October 2009. For more details, an online application form and a list of past winners, visit our site.
Video Newscast
|
Click the screenshot image to watch Tony Garritano discuss
|
Alliances and Interfaces
LOS Partners With Connectivity Software Provider
By James Comtois, Online Reporter
After recently forming an interface with NYLX, Kirkland, Wash.-based loan origination software provider Byte Software has formed a strategic partnership with CCMC, Altamonte Springs, Fla., whereby CCMC will deliver its BridgeWare interface technology to Byte Software’s clients. Now, Byte Software can offer direct interfaces to core processing systems used by banks and credit unions.
CCMC’s BridgeWare products connect loan origination systems to such service providers as Internet-based systems, marketing systems and loan servicing systems. According to Byte Software general manager Joe Herb, the LOS chose to partner with “a middleware expert with deep knowledge of core processing systems” such as CCMC to allow Byte Software to offer seamless interfaces without taking its focus off of creating loan origination software. That CCMC’s technology also eliminates manual data entry was also attractive to the LOS provider, as it increases efficiency and reduces errors.
Related Newsletters
Daily Briefing
- Daily headlines with breaking news stories about the mortgage industry
- Sample issue and signup page
Mortgage Servicing Newsletter
- Mortgage servicing headlines, three feature stories and some useful statistics, twice monthly.
- Sample issue
- Signup page
BrokerUniverse
- Daily news headlines and feature stories written for mortgage originators
- Sample issue and signup page
