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Home | News

Is the CFPB’s Regulatory Power Limited?

The Consumer Financial Protection Bureau could potentially run into roadblocks in issuing ramifications for Equifax’s recent data breach of 143 million people, according to a report The Consumer Financial Protection Bureau could potentially run into roadblocks in issuing ramifications for Equifax’s recent data breach of 143 million people, according to a report.

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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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A Decade of Change in the Mortgage Industry

In the 10 years since Auction.com launched as a brand, a lot has changed in our industry. Both traditional REO and foreclosure sales have made a paradigm shift in the way transactions are handled. Editor's Note: This feature originally appeared in the September issue of DS News, available now.

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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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Fed Remains Stagnant

The Federal Open Market Committee held its sixth meeting on Wednesday to discuss monetary policy and the potential of an interest rate hike, which is expected to happen at least once before the close of 2017.

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