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.

Tech Debate

Everyone acknowledges that the mortgage process is broken, but who is best qualified to fix it? There are a lot of different ideas for sure. Join the conversation and express your opion.

Video Newscast

Click the image above to watch Tony Garritano discuss

• Wells' Expanded "E" Strategy
• The Benefits of Retooling the Process
• What Mortgage Can Learn from other Industries
• Predictions on Industry Recovery
• Technology.s Role in Industry Recovery

Recent Technology Headlines

• Fiserv Buys Web-Based LOS Tech
• Mortgage Consumer Advocacy Site Unveiled
• Zillow: Home Value Drop Biggest in 12 Years

Conference Calendar

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Market Data

We welcome your comments or questions! Please e-mail them to our editor at Anthony.Garritano@SourceMedia.com

Warehouse Lenders Need to Step Up

By Anthony Garritano, Editor, Mortgage Technology Magazine

As lenders clamor to be more efficient and cut costs, the e-mortgage seems like the right way to go. It’s not uncharted territory and lenders have realized the value. Also, as the industry looks at ways to increase transparency and restore confidence, adopting a truly e-process where the documents are self validating as they are in the SMART Doc world, ensures the authenticity of the collateral.

So what’s the problem? The GSEs have been the only investors accepting e-mortgages, but when they make up such a huge portion of the market like they do now that subprime has gone away that’s no longer a hindrance. E-recording adoption continues to steadily pick up as well. MISMO has matured and is truly a standard. So why can’t the warehouse lenders get with the program?

Don’t Let Regulatory Speed Traps Slow You Down

By Monte Larsen, Chief Marketing Officer, DocuTech

How many of you subconsciously hit your brakes when you see a police officer on the side of the road? Most of us aren’t traveling that fast, but the visible threat of enforcement kicks in a minor hit of panic and doubt. What if I am going too fast? What if the speed limit changed? Did I not see the sign?

When it comes to lending regulations, many of us are taking that same approach. We see pending disclosure and compliance regulations up ahead, and we slam our brakes, we stop offering loan products. The fear is we won’t be able to navigate the new rules without losing our money and our minds.

Mortgage Technology Magazine Now Available Online

Technology is helping you get more of Mortgage Technology Magazine!

CHOICE: The magazine is now also available online, in PDF CONVENIENCE: Download the whole magazine or just grab convenient story-sized bits LOOKS: Enjoy the attractive layout of the print issues with the convenience of the online format 12x@12: Now available 12 times a year, on the 12th of every month

Go, check it out!.

Integration Ensures Better Compliance

By James Comtois, Online Reporter

As a means of helping its lender clients remain compliant with various and ever-changing local, state and federal lending laws, San Diego-based mortgage banker technology provider Del Mar DataTrac Inc. has integrated with Laguna Hills, Calif.-based QuestSoft in the newest release of its Vendor Service Platform 2.0.

QuestSoft is a compliance-software development firm specializing in the Home Mortgage Disclosure Act, Community Reinvestment Act, flood determination and complete automated compliance management to mortgage companies.

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