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Home | News | Technology

Ellie Mae Celebrates Velocify Acquisition

Ellie Mae®, a cloud-based platform for the mortgage finance industry based in Pleasanton, California, announced that it has completed its acquisition of Velocify, a sales acceleration platform. The company’s acquisition was spurred in part to align with Ellie Mae’s goal to offer a fully digital mortgage.

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a360inc Aims to Simplify Solutions for Law Firms with New Acquisition

Taking a major step toward its stated goal of providing industry-wide integration solutions for law firms in the default servicing market, Carrollton, Texas-based a360inc announced Wednesday it has acquired the CaseAware Suite of technology solutions from KMC Information Systems. A360inc acquired both KMC’s case management system, CaseAware Manage, and its middleware integration module, CaseAware Integrate. A360inc CEO Scott Brinkley says law firms in the mortgage industry can stand to benefit from a more cohesive case management system, and that is what a360inc aims to provide.

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Altisource Welcomes New VP, Head of Valuations

Altisource Portfolio Solutions, a service provider for the real estate and mortgage industries, announced Thursday the addition of a new VP to grow the company’s valuations business and an expansion of its sales team. Phil Huff joined Altisource as VP and Head of Valuations as well as President and CEO of Springhouse, a full-service appraisal management company owned by Altisource. Springhouse is an indirect subsidiary of Altisource Portfolio Solutions. “Phil brings a deep expertise in technology, sales, marketing and business development strategy and an extensive real estate industry network,” said Joseph A. Davila, President of Servicer Solutions at Altisource. “His proven expertise and seasoned network will be a big factor to the success of our Valuation Services business.”

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Ellie Mae Announces 2018 Conference, Hall of Fame, Innovation Awards

Ellie Mae, a technology solutions provider for the mortgage industry, announced Tuesday registration is open for Ellie Mae Experience 2018, the company’s sixth annual user conference. With an anticipated attendance of 3,300, the 2018 conference will take place at the Wynn Las Vegas with the theme, “Dare to Dream Bigger.” “Ellie Mae Experience provides the backdrop to showcase the accomplishments of our customers, the innovation that shapes mortgage industry, the networking powered by our growing connected community and the training and best practices that drive our collective success,” said Ellie Mae President and CEO, Jonathan Corr.

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Liens and Judgments Data: Not Gone for Good

Mortgage lenders rely on liens and judgments records to assess a borrower’s creditworthiness and capacity for repayment. For decades, they obtained this information in credit reports during the application process. But as of July 1 2017, the Nationwide Credit Reporting Agencies— Equifax, Experian, and TransUnion—began removing a large segment of the data from their reporting.

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Veros Introduces UCD-compliant Solution

Veros Real Estate Solutions, a Santa Ana, California-based technology provider, announced Wednesday a new solution that satisfies the GSEs’ Uniform Closing Dataset requirements, which go into effect next week. “We are pleased to announce our new VeroDATAFI for lenders to be able to comply with the new UCD requirements and address the system and process challenges that September 25th will bring,” said Charles Rumfola, SVP of Strategic Initiatives at Veros. Veros already has a strong relationship with the GSEs. In fact, Rumfola said, “Veros played an integral part in successfully implementing the Uniform Collateral Data Portal (UCDP) for the GSEs, and we are looking to build on that success for UCD.”

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The Housing Industry: Then and Now

With time comes innovation, and in the last 10 years, successfully navigating change has led to arguably more innovation than any other decade. See what Jason Allnutt, General Manager at Auction.com, had to say about change in the industry and at Auction.com in this exclusive Q&A.

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