Mortgage processing

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/Mortgage processing

Titan Lenders selects Top Image Systems eFLow Digital Mailroom

Mortgage fulfillment outsource services expert, Titan Lenders Corp. (Titan) and Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced that Titan selected eFLow Digital Mailroom from Top Image Systems to automate their mortgage loan package processing.

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Citi forges digital marketing alliance with Zillow

Citi announced it has entered into a digital marketing alliance with the online real estate marketplace Zillow®.

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Leek United Building Society chooses QTS for new online mortgage project

QTS, the market-leading supplier of online and mobile banking systems to building societies, has announced the launch of a significant multi-phase project with its new client, Leek United Building Society.

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Moving from cheques to mortgages, Barclays to accept photos of customer documents

Barclays bank has rolled out a system which enables mortgage brokers to take photos of paperwork for immediate upload to customer case files.

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Tieto and SBAB sign new contract for cloud services

Sweden's state-owned mortgage lender SBAB extends its IT-operation agreement with Tieto, investing in continued modernization and improved efficiency with new capacity and cloud solutions. The agreement is valid for five years.

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TruMark Financial selects nCino for commercial lending ops

nCino, the leader in secure, cloud-based operating solutions to the financial services industry, announced today that $1.5 billion TruMark Financial® Credit Union has selected its Bank Operating System to standardize and automate the workflow of its commercial lending processes as well as provide transparency into loan operations and production.

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Fiserv signs Freedom Mortgage Corp to LoanServ platform

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Freedom Mortgage Corporation, a Mount Laurel, N.J.-based residential mortgage lender, has selected the LoanServ(TM) platform to expand its in-house mortgage servicing capabilities and enhance the customer experience.

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Ellie Mae hit by DDoS attack

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.

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AIB embraces start-up culture for app development

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.

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HP signs Leeds Building Society to cloud-based IT platform

HP and Yorkshire Building Society have signed Leeds Building Society as the first client for their cloud-based Shared Services Alliance.

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FSA fines Bank of Scotland over costly legacy computer lash-up

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.

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Mobile banking, cloud computing and IT investment cash top wish list for bank CIOs

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.

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Post Office begins selling mortgages in branches

The UK Post Office is taking on high street banks with the introduction of in-branch specialist mortgage advisers.

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Tesco launches mortgage range

In its latest foray into banking, supermarket giant Tesco has begun offering mortgages, letting customers earn loyalty points on repayments.

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Banks pay $25m to settle New York electronic mortgage system claims

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).

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New York sues banks over use of electronic mortgage system

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.

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The branch is still part of the customer experience

Theresa McLaughlin, EVP and CMO of Citizens Bank, sees the branch remaining a part of the overall bank offering for some time to come.

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Have banks lost 'that loving feeling'?

Linda Verba, head of retail banking at TD Bank (and considered to be a guru of bank customer service in the US) discusses a 'return to civility' for bank call centres and customer service.

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Tesco ready for banking switch

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

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More than M-Pesa, African banking gears itself for growth

Oti Ikomi, senior VP at Ecobank, a South African-based, pan-African banking group, talks with Finextra about the rise of the middle class in Africa and its affects on the continent's banking industry at Fundtech Insights 2011 in London.