202 articles tagged with this keyword
News/Mortgage processing
Landbay, a UK-based alternative finance platform for buy-to-let mortgages, has become the first peer-to-peer lender to be invited to join the Council of Mortgage Lenders (CML) as a full member.
09 October 2015
UK startup Atom Bank is to be the first client for a re-engineered mortgage origination platform designed to meet the needs of digital challenger banks by Iress
11 August 2015
With house prices in the UK continuing to climb and competition for properties increasing, Halifax has launched a mobile agreement in principle (AIP) tool so that prospective homebuyers can receive an instant lending decision in less than fifteen minutes.
03 August 2015
Barclays bank has rolled out a system which enables mortgage brokers to take photos of paperwork for immediate upload to customer case files.
19 January 2015
Mortgage origination software provider Ellie Mae says that a distributed denial of service (DDoS) attack is to blame for its systems falling over earlier this week.
04 April 2014
Allied Irish Bank (AIB) has radically overhauled its approach to technological innovation, adopting a start-up culture in a bid to get new services to market in weeks rather than years.
27 November 2013
HP and Yorkshire Building Society have signed Leeds Building Society as the first client for their cloud-based Shared Services Alliance.
07 October 2013
The Financial Services Authority (FSA) has fined Bank of Scotland (BOS) £4.2 million for computer system failures which meant it held inaccurate mortgage records for 250,000 of its customers. As a result of the failings, the bank mistakenly made £20.4 million in goodwill payments to some customers who did not deserve the cash bonanza.
19 October 2012
Half of Britain's financial services firms think that mobile banking is already important to their customers, while 71% predict it will be by 2015, according to a survey from Fujitsu.
10 October 2012
The UK Post Office is taking on high street banks with the introduction of in-branch specialist mortgage advisers.
09 August 2012
In its latest foray into banking, supermarket giant Tesco has begun offering mortgages, letting customers earn loyalty points on repayments.
06 August 2012
Bank of America, JPMorgan Chase, Wells Fargo, Citi and Ally Financial have agreed to pay a total of $25 million to New York State over their use of the privately-owned national mortgage electronic registry system (Mers).
14 March 2012
The New York Attorney general has charged three of the nation's biggest banks - Bank of America, JPMorgan Chase and Wells Fargo - with using the privately-owned national mortgage electronic registry system (Mers) to illegaly bring foreclosure proceedings against home owners who had defaulted on their loans.
06 February 2012
UK retailer Tesco says it is in the final stages of introducing its own systems and infrastructure for its fully-fledged banking operation, with savings and loans products now available to new customers
14 June 2011
Complaints have flooded in to the Financial Ombudsman Service about Clydesdale Bank over the last six months after a botched systems tweak that saw the firm miscalculate mortgage repayments for thousands of customers.
28 February 2011
Standard Life has made a recommended £42 million bid for UK AIM-listed financial technology supplier Focus Solutions.
07 December 2010
IBM has signed a deal to buy the core operating assets of Bank of America's mortgage servicing unit Wilshire Credit Corporation. Financial terms of the deal were not disclosed.
06 October 2009
US fintech vendor Fiserv has inked a deal to sell its Loan Fulfillment Solutions (LFS) business to mortgage technology firm ISGN. Financial terms of the deal were not disclosed.
29 September 2009
Google is about to enter the online mortgage loan aggregator market, according to LendingTree, which is suing a technology vendor it claims is working with the search giant.
27 August 2009
State-owned Bradford & Bingley (B&B) has outsourced its credit risk management to London-based consultancy Euristix as it winds down its mortgage business.
08 April 2009
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