Technology

DataQuick launched a valuation tool to help portfolio risk managers with correctly assessing default and loss severity risk. CMV-Portfolio is a flexible, automated valuation tool that uses confidence scores and configurable business rules to optimize portfolio risk management decisions.

American Home Mortgage Servicing(AHMSI) partnered with Compliance Connections, a division of Safeguard Properties, to be more proactive when dealing with code issues for its property portfolio. Compliance Connections offers a web-based portal, allowing mortgage servicers to communicate immediately when code issues arise.

Coester Appraisal Group enhanced Cloud Control by adding C-Data, the company's automated appraisal review technology. C-Data automated review technology electronically evaluates every field in an appraisal report; identifies potential fraud, errors, discrepancies and missing information; and offers findings in online and in printed formats.

Sperlonga Data and Analytics announced it has registered the 225,000th homeowners association (HOA) in its database. Based in Arlington, Virginia, Sperlonga Data and Analytics is an affiliate of MMREM, a national asset management firm, and was created to bridge the gap between HOAs and servicers to help stakeholders minimize losses associated with HOA claims.

After finding that property valuation mortgage fraud risk has risen since 2006, Interthinx responded to its own research by incorporating satellite images from Google Maps as a solution.Interthinx stated that the inclusion of satellite image data within the company's FraudGUARD can improve loan quality, provides users with a more comprehensive fraud prevention report, and enables a more concise overall risk review.

ISGN Corporation hired Tim Anderson as director of corporate technology strategy. Anderson's background includes more than 30 years of mortgage industry and technology experience. In his new role, Anderson will lead ISGN in its delivery of products, services, and technology. Anderson has been involved in many aspects of the mortgage industry during his career, most recently on the technology side where he helped to develop one of the first e-mortgage platforms, and e-signature and e-vaulting technologies.

eMortgage Logic, LLC is celebrating its 10th year in business. The company provides residential real property valuations, data, analytics, and customized solutions for mortgage lenders, servicers, and investors nationwide. The idea for eMortgage Logic originated with Ralph Sells during his tenure at Freddie Mac, after Sells revived a struggling internal broker price opinion company acquired by the GSE's HomeSteps division.

A Minneapolis-based attorney has been sanctioned by a federal judge for filing one, in what appears to be a series of nearly 30 lawsuits based on what the court says are frivolous show-me-the-note defenses designed to thwart foreclosure proceedings in Minnesota by calling into question the validity of MERS as mortgagee. William B. Butler of Butler Liberty Law, LLC has been ordered to personally pay $50,000 to the court and pay an additional undetermined amount of legal costs incurred by counsel for MERS and its co-defendants.

The economy continued to expand at a modest to moderate pace from mid-February through late March, the Federal Reserve said Wednesday in its periodic Beige Book, reporting faster and solid growth in Kansas City and Minneapolis but moderate or modest growth in Boston, Atlanta, Chicago, Dallas, San Francisco Cleveland and St. Louis. New York reported economic growth picked up somewhat while Philadelphia and Richmond cited improving business conditions.

Wolters Kluwer Financial Services announced last week that Abdias Lira, a principal software architect with the company's residential lending business, has been elected to the Mortgage Bankers Association's MISMO Residential Governance Committee. Lira has been involved with MISMO since 2001 and has served as co-chair of its e-Mortgage Workgroup since 2008.