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Industry Leaders LPS and KMC Information Systems Form Strategic Alliance

Integration of LPS Technologies and CaseAware Case Management System Will Improve Foreclosure Processing Efficiency and Transparency 

Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, and KMC Information Systems (KMCIS), the leading provider of case management and integration technology to law firms and trustees, have formed a strategic alliance that will more fully integrate select LPS technologies with KMCIS’ CaseAware® platform and create an end-to-end foreclosure processing solution for loan servicers.

 Click here to read the full release

Optimal Blue promotes Nadia Aziz to chief commercial officerOpen in a New Window

Optimal Blue, a provider of cloud-based enterprise lending services to the mortgage industry, announced the promotion of Nadia Aziz from executive vice president to chief commercial officer. In her new role, Aziz will be responsible for Optimal Blue's key functions of product management, marketing, and sales, and will focus on creating a stronger integration across these areas.

 

Dimont partnering with OrangeGridOpen in a New Window

Dimont, a provider of hazard claims insurance processing services to the residential and commercial mortgage industries, announced a partnership with OrangeGrid. Under the terms of the agreement, Dimont’s hazard insurance and claims processing capabilities will be available through OrangeGrid’s technology suite.

 

Infographic: America’s growing demand for new home constructionOpen in a New Window

The pace of new home construction is almost back to normal since the recession. There is just one problem: There isn't enough available workers to do the job.

 

Meet Edwin Baker: Part-time mortgage worker fighting for NFL roster spotOpen in a New Window

Meet Edwin Baker. He's fighting to make an NFL roster right now and he just spent his off-season working at United Shore Financial Services. From mortgages to touchdowns? Baker hopes so.

 

Urban Institute: FHA's proposed servicing rule will limit access to creditOpen in a New Window

Urban Institute's Housing Finance Policy Center Director Laurie Goodman is worried about the far-reaching implications of the servicing reforms proposed by the Federal Housing Administration and its impact on FHA borrowers. Is she onto something?

 

Stonegate CEO Jim Cutillo abruptly leaves companyOpen in a New Window

Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective Sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition. After a rough year on the stock market for the company, one analyst said this is positive news for the lender.

 

National mortgage risk index up slightly in JulyOpen in a New Window

The risk grows even as increasing leverage in a seller’s market is pushing up real home prices, moving the goal post further away for many aspiring low- and middle-income homebuyers. Here’s why it’s not a good trend.

 

Mortgage application defects keep risingOpen in a New Window

Defects found on mortgage loan applications is on the rise and have been throughout 2015, according to a new report from First American Financial. Which states and markets are the biggest risks of application fraud? Click here to find out.

 

Judge rules against RBC in mortgage lawsuitOpen in a New Window

A district judge awarded the court-appointed trustee overseeing the liquidation of Thornburg Mortgage $45 million in his crisis-era lawsuit against Royal Bank of Canada since the bank undervalued the seized mortgage-backed securities it sold.

 

At bloggerheads: The latest #FannieGate rumor challenged by the mediaOpen in a New Window

Rafferty Capital’s Dick Bove recently told clients a Presidential round of golf, included a lawyer whose firm is at the center of the #FannieGate debacle, suggests the White House is pushing everyone to reach a settlement. Seemed harmless enough, but by the afternoon, things started getting really interesting.

 

These are the 20 hottest housing markets right this minuteOpen in a New Window

The summer seller’s market is started to swing a little more in favor of buyers as of August, according to the research from the National Association of Realtors' website, looking at the number for the first three weeks of August. Here's what it means.

 

Monday Morning Cup of Coffee: When will mortgage lending pick up?Open in a New Window

The Federal Reserve has the whole world (of inflation and interest rates) in its hands, and the tea leaves right now are a tempest in a teapot. Plus MBA’s Stevens weighs in on Fannie and Freddie future, a change in mortgage bond investing and more. Read on if you dare.

 

Want Zillow to pay your mortgage for a year?Open in a New Window

Zillow is giving away $25,000 to pay one lucky person’s mortgage for an entire year. Hurry up though, the “Pay My Mortgage, Please” sweepstake ends Monday morning. Bonus: Details show how to get entered 10 times.

 

Agent Ace adds Kevin Heniff as director of business developmentOpen in a New Window

Santa Monica, California-based Agent Ace, a startup that uses data to match homebuyers and sellers with the best agent for their deal, announced the addition of Kevin Heniff as director of business development.

 

Founder of Manhattan Mortgage opens MC Home LoansOpen in a New Window

Industry veteran Melissa Cohn, who founded and ran Manhattan Mortgage Company for nearly 30 years then left to serve as the president of GuardHill Financial, is opening a new mortgage company based in New York City.

 

Penthouse owned by ‘Psychic Hotline King’ is NYC’s 2nd most expensive rentalOpen in a New Window

The man who was once called the “Psychic Hotline King," and the man that brought “Miss Cleo” into everyone’s TV throughout the 1990’s with their omnipresent infomercials, is also now the landlord commanding the second highest rent in all of New York City. Yes, you read all of that right.

 

Nationstar gives $30 million for distressed homeowners in MilwaukeeOpen in a New Window

Nationstar Mortgage will provide up to $30 million to financially troubled Milwaukee homeowners under an agreement with the city. This comes after months of negotiations, a spate of critical press and upcoming hearings on how the city is financing the proposed $500 million Milwaukee Bucks arena, which media and analysts say is definitely related.

 

Velocify announces partnership with Ellie MaeOpen in a New Window

Velocify, a sales acceleration platform, announced that its solutions are now available through Ellie Mae’s all-in-one mortgage management solution, Encompass. According to a release from Velocify, the “seamless” integration allows lenders to order Velocify’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.

 

Just what is the Fed going to do about interest rates?Open in a New Window

After a week full of market volatility and upheaval, analysts from all sides are questioning what impact, if any, the events of the week are going to have on the Federal Open Markets Committee and the looming threat of rising interest rates. Here's all the consensus, with uniform opinion woefully lacking.

 

Economic strength hinges on ChinaOpen in a New Window

One of the worst weeks for the stock market this year is coming to a close, but the worst may not be over. The country continues to question the health of China's economy, along with whether the Federal Reserve will raise interest rates next month.

 

The Wrap: Appraisal activity continues to pick up in second week of AugustOpen in a New Window

Appraisal activity is picking up and so is interest in this weekly feature, as this week HousingWire welcomes a weekly addition to the column that should give appraisers more tools for their toolbox. Read on to find out what happened this week and what's in store for the future.

 

Fannie Mae: 3 reasons why this oil glut won't crash housingOpen in a New Window

Although oil prices are expected to be lower for longer, the negative impact on home prices is estimated to be less severe for most oil-producing states than in the 1980s for these three reasons.

 

Bove: Is a Fannie and Freddie settlement near in #FannieGate?Open in a New Window

Is the White House stepping into the FannieGate brouhaha to push a negotiated settlement in the multitude of GSE lawsuits brought by investors who got hit by the Third Amendment Sweep? Read on.

 

NAFCU to CFPB: Fix your consumer complaint databaseOpen in a New Window

The National Association of Federal Credit Unions still thinks the Consumer Financial Protection Bureau’s consumer complaint narrative database is a problem, and they’re letting the agency know about it. Want to know more?

 

Homeside Financial appoints Jared Ward senior vice presidentOpen in a New Window

Homeside Financial, a growing privately held mortgage bank, is adding Jared Ward as the company’s senior vice president of national talent acquisition and strategic growth. Ward previously served in similar executive roles for New Penn Financial, Movement Mortgage and Bank of America.

 

Altisource Residential adds CEO George Ellison to board of directorsOpen in a New Window

George Ellison, who has served as the CEO of Altisource Residential Corporation since taking over for the company’s original CEO, Ashish Pandey in June, is now a member of the company’s board of directors as well.

 

Here come the 75 million homebuying MillennialsOpen in a New Window

Out of 75.3 million Millennials, 93% want to own a home in the near future, so brace yourself. They're coming. And this infographic gives a representation of what to expect from this upcoming young generation.

 

Ex-Fifth Third banker starts mortgage-bond hedge fundOpen in a New Window

Meet Kevin Taylor. In 2013, he left his position running mortgage-backed securities trading desk at Fifth Third Bank to start Mariemont Capital. And according to a report from the Cincinnati Business Courier, Taylor is finding success investing in residential mortgage bonds and delivering big returns for his investors.

 

HUD gives $101M to communities for lead paint, home hazard removalOpen in a New Window

The U.S. Department of Housing and Urban Development awarded over $101 million to 32 city, county and state governments to deal with lead paint and other home hazards. Here's the skinny.

 

Front lawn dinosaurs cause stir in Texas neighborhoodOpen in a New Window

A Texas couple is putting the average homeowners guardian lion statues to shame with a bit of a Jurassic Park twist on their lawn. Call in Chris Pratt?
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