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Technology

RE/MAX Employs CoreLogic Solution to Identify Profitable Foreclosures

RE/MAX has deployed CoreLogic's HomeStandings technology, which is configured with a reporting component that the companies say can help agents quickly identify potentially profitable foreclosed properties that are eligible for resale. The HomeStandings report combines property, neighborhood, and market characteristics to provide a complete local understanding of a home's value, marketability, and rent potential. HomeStandings then generates a grade for each property, enabling RE/MAX agents to assess the overall purchase quality of a home.

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Capsilon Strengthens Mortgage Expertise With Addition of New Sales VP

Capsilon, a provider of cloud-based document sharing, imaging, and collaboration solutions, announced that Sheila Plunkett has been named VP of sales, responsible for spearheading business development for the San Francisco-based company. Plunkett has more than 25 years' experience in enterprise-level technology sales and marketing management. Through much of her career, she has worked with clients in the financial services and mortgage industries.

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DAG Welcomes Claims Recovery Financial Services as Associate Member

The Default Attorney Group (DAG), a consortium of creditors' rights law firms from across the United States, recently announced that Claims Recovery Financial Services (CRFS) has joined its ranks as an associate member. CRFS delivers post-foreclosure claim processing management solutions and is based in Albion, New York. The company's products are designed to maximize the recovery of financial advancements from the servicing of a mortgage loan.

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To Protect Properties From Criminals, Realis Says Sell Them Faster

Abandoned and foreclosed homes can quickly become hotbeds for criminal activity. Empty houses are looted for copper and appliances, illegally inhabited by squatters, or commandeered for drug trafficking and prostitution. According to Realis Real Estate Software, such activity not only negatively impacts the neighborhood in which it occurs, but it prolongs the time it takes to sell the property. Lauren Roberts, founder of Realis and 25-year REO veteran, says one way to protect foreclosed homes from criminal infiltration is to put them into the hands of new buyers.

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LPS Appoints Nancy Murphy to Head Investor Relations

Lender Processing Services, Inc. (LPS) announced Monday that Nancy Murphy has joined the company as VP of investor relations. Murphy has 17 years experience as a finance professional. Her work includes financial strategy and analysis, business development, and relationship management. Most recently, Murphy directed investor relations for Stein Mart, Inc. and before that served as head of investor relations for Providian Financial Corporation.

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Zillow Acquisition to Assist Agents in Growing Their Online Presence

Zillow, Inc. has announced its acquisition of Diverse Solutions for $7.8 million in cash and stock. Diverse Solutions, headquartered in Irvine, California, helps real estate agents market their businesses and improve their personal websites. The company's software services include providing listings content and property search functionality for the Web and mobile platforms.

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Econohomes Launches New Website for REO Buyers

Econohomes has launched a new website aimed at redefining the online experience for real estate investors and homebuyers as they shop for foreclosed REO homes. The company buys residential properties in volume at discounted prices from mortgage lenders and servicers. Its online inventory comprises REO homes in more than 40 states, including properties that have been renovated.

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eMortgage Logic Offers New Platinum Valuation Report

eMortgage Logic, LLC, a national provider of property valuation services, has developed a new report that the company says continues to demonstrate its ability to bring clarity and transparency to the residential valuation space. eMortgage Logic's new Platinum Valuation Report (PVR) combines broker price opinion (BPO) and automated valuation model (AVM) data, coupled with a detailed reconciliation analysis report completed by a licensed or certified appraiser.

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Delaware AG Sues MERS

Delaware Attorney General Beau Biden filed suit Thursday against MERSCORP and its subsidiary, Mortgage Electronic Registration Systems (MERS). Biden charges the company with violating Delaware's Deceptive Trade Practices Act. He alleges MERS violated the act in three major ways: by maintaining inaccurate information and withholding information from borrowers; by filing foreclosures without the authority to do so; and by not enforcing its own rules. MERS says there is ""no merit"" to Biden's accusations.

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Woodward Asset Capital’s OfferSubmission Nabs Realtor for Fraud

A few weeks ago, a Midwestern bank was alerted that a Realtor under contract to sell its foreclosed assets was double-dipping and costing the bank potentially $60,000 on one sale alone. The bank learned of the scheme through OfferSubmission.com, an online software system that tracks offers made on foreclosed properties. Thanks to the system's early red flag, the bank thwarted the agent's elaborate fraud scam which would have put more dollars in the agent's pockets but cost the bank a significant sum.

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