Headlines

ACES Risk Management (ARMCO), a provider of web-based audit technology for the mortgage industry, unveiled new capabilities for its ACES Audit Technology. Servicers can now modify and update compliance questionnaires in ACES as rules and processes change.

“Black Knight is pleased to provide these innovative capabilities to improve the process of gathering fees needed and estimated taxes for the closing process,” said Jerry Halbrook, President of the Origination Technologies division of Black Knight Financial Services. “By delivering automated fee quotes, Fee Service helps to minimize tolerance violations, increase savings, and enhance the borrower experience.”

On Monday, February 27th, the National Association of Realtor (NAR) will be releasing its latest Pending Home Sales Index. Read what other reports will be impacting the industry this week.

Borrower satisfaction is down, but should regain momentum; more processors offered incentives by lenders.

Economist says that decrease in loan applications for refinancing is partly responsible for the increase in loan application defects.

Higher interest rates have caused some prospective homebuyers to consider buying a smaller home or a home in a less affluent neighborhood.

Black Knight’s newest tool will allow companies to efficiently identify impending liabilities and minimize title insurance claims.

A recent survey from NerdWallet found that prospective homeowners who don’t understand the loan process sometimes experience difficulty and have negative feelings about the transaction as a whole.

February is expected to see record-high listing prices and the shortest days on market since the recession.

Home prices are up more than 6 percent year-over-year, with many states seeing double-digit growth.