Stanford professors Kenneth E. Scott and John B. Taylor in “Why Toxic Assets Are So Hard to Clean Up” (Wall Street Journal, July 21, 2009) wrote about the complexity of mortgage backed securities, and proposed that mandatory transparency is the only solution.  But they stopped short of identifying the root cause of the financial meltdown: [...]

M&A activity among the largest banks and a prolonged economic crisis will, in the end, result in far fewer retail banking options, compared to only a couple years ago.  At first glance, this sounds like terrible news for the adoption of electronic lending technology.
However, while such a shift may impede innovation on the consumer side [...]

Chances are, you like the rest of us, want instant gratification especially when it comes to IT investments these days; projects aren’t going to get approved without a quick payback period.  So goes it with projects in this new era of banking:  Corporate executives are turning their eyes more than ever to projects that provide [...]

We are about to have the first ever US Chief Technology Officer (CTO) appointed in the US government.  Apparently technology is actually an important part of our country now.  Not to be cynical, I admire the move and hope it is precedent setting for future administrations.
As of this past weekend, most rumors point to Vivek [...]

Thanks to one of our favorite columns, “Tech Niches” at Mortgage Technology magazine for the mention in a recent post on mortgage-related blogging.
The article also brought a new blog from Cyberhomes to our attention.  This site for real estate agents and brokers is attractively designed and has ideas for adding technology such as social media [...]

It is a new year and with it has come some very dramatic change in banking and our economy.  I am writing this post to provide a market perspective from the point of view of a technology vendor, selling lending solutions to large enterprise banks.  Things recently have been chaotic in our business, to say [...]

Being a technology partner to the lending and mortgage industries, I get a number of questions regarding the housing market.  Here are a few topics I’ve been asked about lately, with my answers:
How much have home prices fallen?
Some homes in places like California and Florida have lost as much as 50-60% of their value. Here in Houston, [...]

It is no secret that getting loan applications and disclosures finalized can be a very tedious and costly process in terms of time and money.

Funding in as little as 48 hours - Although lenders stand to make a handsome profit off loans sold on the secondary market, they can expand their profit margin by originating loans with eMortgage technology.