Technology
By Heather Hill Cernoch | 09/02/2010
Mortgage Builder, a provider of loan origination software technology, recently announced the creation of its new client-focused position of VP, client development. The company designed the position for Kelli Himebaugh, Mortgage Builder's sales manager for the western United States. In her new position, Himebaugh will work with new clients from product demonstration through training and implementation phases of the sales cycle.
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By Heather Hill Cernoch | 09/01/2010
As an alternative to its registry of foreclosed properties and property preservation contacts for vacant properties, the city of Los Angeles is adopting the MERS System, an electronic loan registry that acts as a nominee in county land records on behalf of lenders and servicers. MERS members can use the system to track both residential and commercial properties. Users tout the benefits of the technology as saving code enforcement officials and municipalities both time and money to ensure vacant properties are maintained.
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By Heather Hill Cernoch | 08/27/2010
CoreLogic has announced the launch of its new Short Sale Monitoring Solution. The company says it's the industry's first short sale fraud prevention and pricing technology. The solution alerts lenders to "risky" pending and closed short sales. It matches details against other pending loan applications in CoreLogic's database and public records for the same property, and continues to watch properties for a period specified by the lender after short sales have closed.
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By Heather Hill Cernoch | 08/25/2010
Default process management software provider DRI Management Systems, Inc., has announced its new Web-based, loan servicing application for the mortgage industry, Rincon. According to the California-based company, the Rincon platform helps overburdened servicers keep pace with demands for borrower assistance. Rincon is expected to double or triple the workload each servicing specialist can handle.
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By Heather Hill Cernoch | 08/24/2010
Prommis Solutions, a national provider of technology-enabled solutions to the mortgage banking industry, has hired Phil Johnsen as SVP of sales and marketing. Prior to accepting his position at Prommis Solutions, Johnsen was founding partner and president of DDN Mortgage Services LLC, where he led the company's Federal Housing Administration (FHA) inspections and REO renovation services.
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By Carrie Bay | 08/20/2010
Asset management software developer RES.NET announced Thursday that it has completed a data integration agreement with the online real estate auction firm Bid4Assets.com. The partnership allows RES.NET's clients to directly feed real estate property listings to Bid4Assets.com for additional exposure to the auction site's over 500,000 buyers in liquidating foreclosed properties.
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By Carrie Bay | 08/19/2010
Las Vegas-based real estate software firm eBrokerHouse has announced that its users have closed over $1 billion in traditional, REO, and short sale transactions since the company launched its Web-based management software just 16 months ago. The company's president, Thomas Moore, credits the ability of their software to manage all types of listings, buyers, and virtually every aspect of an agent's business as a main reason why eBrokerHouse hit this milestone so quickly.
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By Heather Hill Cernoch | 08/19/2010
SMART Servicing, LLC, an affiliate of Steel Mountain Capital Management, recently announced the availability of its new privately owned software, "SMART"--Servicing Management Asset Recovery & Tracking. The system provides residential mortgage professionals with relevant loan-level information to control loss severity, as well as asset-level transparency outside the traditional servicing system formats, the company says.
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By Carrie Bay | 08/18/2010
Default servicing software developer Equator has promoted Robert McKinley to director of business development. A veteran of systems implementation and account management, McKinley also lends his expertise to product development and pricing, sales efforts, and contract negotiations. McKinley joined Equator three years ago to facilitate daily account management activities and has assisted with implementations of Equator's REO platform at a number of top-tier companies.
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By Heather Hill Cernoch | 08/17/2010
Mortgage Cadence, a provider of enterprise lending solutions, loss mitigation technology, and document services, has announced that private equity firm Monitor Clipper Partners has invested in the company. This alliance will provide capital to expand Mortgage Cadence's product and service offerings. The company says it expects the venture to enable continued growth and service to a wide range of market participants.
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