Improved borrower experience, digitization, paperless mortgage. These may all be catchphrases if not for the reality that one can easily be buried under heaps of documents and layers of verification that is the mortgage application process. A single mortgage application can take some 70 days, something that a new technology wishes to cut to at least 10 days.Find mortgage … [Read more...] about Experian, Finicity Join the Movement for Digitizing Mortgage Processes
Would your friends foreclose on you? Maybe. Maybe not. Unfortunately, your friends are not the only ones viewing your profile or Facebook or many other popular social networking sites. Creditors and collection agencies are, too. MSNBC reports that at least two Facebook members have been sent legal notices via their Facebook account. In what appears to be the first case of it's … [Read more...] about Facebook used to deliver foreclosure notice
Just got this from one of my friends online. Wachovia is now promoting itself via Twitter and letting everyone know about it. This image is from their contact page. I just started following them yet and haven't gotten anything worth talking about; but I did want to mention that although Wachovia may be in a heap of trouble this is a Web 2.0 first for large banks.While it … [Read more...] about Mortgage 2.0: I wonder if Wachovia will Twitter an FDIC takeover?
I thought this was cool.The New York Stock Exchange has made real-time price data available to the public free of charge via Google and CNBC. So if you're in to stocks but not in to paying for real time pricing you can follow along at either of the two sites. Google and CNBC are picking up your tab by paying the NYSE for the right to publish real-time data.A sample … [Read more...] about Real-time stock data for NYSE via Google, CNBC
I just found out about PolicyMap a new service that lets you map an insane amount of data by region on all subjects ranging from mortgage originations, neighborhood crime stats and income demographics (and tons more). This could become a killer tool for homeowners looking to buy a home and for real estate agents and mortgage originators to use for everything from farming to … [Read more...] about PolicyMap – Killer tool for real estate