Default mitigation and regulatory pressures are evolving at near light speed for mortgage lenders, which are increasingly seeking tech hosts to manage a risk and compliance game in which Monday’s rules may no longer apply by Friday.
Such an environment is ripe for vendor consolidation. For example, Fidelity National Financial (FNF), a provider of title insurance, specialty insurance and mortgage services, last week acquired Commerce Velocity, which sells portfolio risk technology to mortgage lenders, servicers and investment banks and has a suite of products offered on a software-as-a-service basis.
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