Technology

DocMagic, a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, recently announced that PHH Mortgage has signed a multi-year lease to use its products to further enhance TILA-RESPA Integrated Disclosure (TRID) rule compliance capabilities.

Three federal courts have ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS), dismissing borrowers' suits to quiet title and affirming MERS' authority to assign the mortgage lien, according to an announcement from MERSCORP Holdings.

Fannie Mae has built a strong and flexible technology organization in order to help the Enterprise more efficiently achieve its goals, which are to help provide people with access to affordable mortgage credit and to reduce risk to the taxpayer, according to a commentary from Bruce Lee, SVP and Chief Information Officer at Fannie Mae.

The newest innovation in process serving from JJL is TrueServe ESQ, an app that allows the user to pull up an entire array of evidence substantiating JJL's service for a particular case from smartphone or tablet anytime a judge or opposing counsel questions service of process.

Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation. According to a Fitch Ratings report released Tuesday, since the financial crisis, risk of fraud and misrepresentation has declined. "A key driver behind the poor performance ...

Aspen Grove Solutions, a Maryland-based provider of property-centric technology solutions to the financial and mortgage services industry, has announced the addition of Atlanta-based nationwide property preservation and inspection company MB Field Services to their list of clients.

Green River Capital, a real estate firm that provides REO asset management, loss mitigation, valuation, collateral review, property management and a full suite of component real estate services, has announced the launch of Rental Asset Management & Performance (RAMP), a new intelligent surveillance service for single-family rental properties.

"Affinity’s team of mortgage banking professionals brings their expertise, commitment and experience to our clients,” said Mike Zevitz, EVP of Business Development. "We are delighted to partner with such long-time supporters of the needs of the default loan services industry."

ClosingCorp, a San Diego-based residential real estate closing cost data and technology provider for the mortgage and real estate services industries, has announced the hiring of James Bolger as chief financial officer.

Big data may seem like buzzword du jour, but with the proper application, there is big potential in big data to transform the default servicing industry.