Technology

In a market cycle where the purchase loan is king and prospects are few, lenders must tailor their marketing strategies toward tech-savvy homebuyers who'd prefer to work through the process themselves. The old adage "fish where the fish are" has never been truer. But now the fish—so to speak—have gone digital.

Shares of Altisource Portfolio Solutions picked up on Friday as the company's leadership assured shareholders about its near-term future after a year of setbacks.

Florida-based Aces Risk Management (ARMCO), a provider of Web-based audit technology for the financial services industry, has tapped mortgage quality control expert Phil McCall to serve as COO.

LenderLive Network, an end-to-end mortgage services provider with headquarters in Denver, announced the hiring of Lorie Helms as chief information officer (CIO).

Matt Martin Real Estate Management (MMREM), a diversified real estate services firm headquartered in North Texas, announced it has executed a definitive agreement to acquire online real estate auction company RealtyBid.com.

The Mortgage Bankers Association's (MBA) Rick Hill has been promoted to VP of industry technology, the group announced.

California's DocMagic, a provider of compliant loan document preparation services, has acquired the assets of Doc-Tech Corporation, according to a company announcement.

Indecomm-Mortgage U, a full-service training company serving the mortgage industry, announced the development of a new suite of training tools designed to help bring lenders in compliance with the Consumer Financial Protection Bureau's (CFPB) soon to be implemented integrated mortgage disclosure rule.

United Wholesale Mortgage's Justin Glass is moving up in the company's ranks: The Michigan-based lender promoted the veteran employee to the newly created role of chief digital officer (CDO).

Accurate Group, a title and appraisal services firm with headquarters in Ohio, announced the launch of its new e-signature closing solution designed to help lenders streamline the loan closing process and improve the borrower experience.