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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?

A. They've Stepped Up
B. They're Retrenching


Tech Debate

How far has the mortgage industry come in terms of automation? What do you think? Join the conversation.

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Recent Technology Headlines

Conference Calendar

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

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Market Data


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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

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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.”

Read more...

Industry Outlook

Protecting Borrower Data throughout the Fraud Prevention Process

Perspectives By Lisa Binkley, EVP of Operations & Product Development, Rapid Reporting

Lisa Binkley

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.

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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

  • MERS Tackles The Warehouse Crisis
  • Electronic Note Registration Evolves
  • MortgageFlex Automates FHA Interaction
  • Demand For FHA Still Rising
  • Website Technology Advances

Alliances and Interfaces

LOS Partners With Connectivity Software Provider

By James Comtois, Online Reporter

James Comtois

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.

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