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Technology

Spectrum Extends Pruvan’s Proof-of-Performance Service to All Clients

Spectrum Field Services Inc. provides financial institutions across the country with specialized REO preservation and specialty inspection services. Spectrum has been using the third-party certification technology from Pruvan to offer select clients proof-of-performance reporting on inspections since early 2011. Based on the results it's seen so far, Spectrum has decided to extend the service to all of its customers.

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StreetLinks Assures Lenders of UMDP Appraisal Compliance

StreetLinks Lender Solutions says the company can ensure compliance with phase one of the Uniform Mortgage Data Program (UMDP) for appraisals ordered through both its full-service AMC solution, LenderPlus, and self-managed appraisal software platform, LenderX. All appraisals on loans destined for Fannie Mae or Freddie Mac are now required to comply with new Uniform Appraisal Dataset (UAD) requirements. StreetLinks requires that appraisers provide their assessments in the UAD-compliant format.

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Safeguard Properties Appoints George Mehok CIO

Safeguard Properties has announced the appointment of George Mehok as the company's chief information officer (CIO). Mehok is responsible for all information technology-related resources and assets. Safeguard explained that he will play an active role in identifying strategies, plans, and opportunities to apply technology and related solutions to support the company's growth and business evolution.

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HOPE LoanPort Names Industry Veteran to CEO Post

HOPE LoanPort announced Wednesday that Camillo T. Melchiorre will assume the role of president and CEO, effective September 1st. He replaces Larry Gilmore, co-founder of HOPE LoanPort and president and CEO since 2009, who has stepped down to pursue other opportunities. Melchiorre led the HOPE NOW Alliance Technology Committee that resulted in the creation of HOPE LoanPort and has served as a member of the board of directors since its inception.

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Celink Rolls Out SPOC Technology for Reverse Mortgage Borrowers

Celink, a reverse mortgage subservicer, has implemented a single point of contact (SPOC) module for its clients' borrowers who are in default status. The company's servicing platform auto-assigns a borrower in default to a Celink associate. This associate works exclusively with the borrower until they remedy the default. They will remain the borrower's SPOC through the remediation or foreclosure process. Celink SPOCs are only assigned to a small number of accounts so that associates can provide personalized service.

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HOPE LoanPort Tops 3,000 Registered Counselor Users

HOPE LoanPort recently announced that the organization has now registered over 3,000 HUD-certified, nonprofit housing counselors in a little over a year of full operation. Counselors from more than 630 organizations in all 50 states, the District of Columbia, and Puerto Rico are now using the system to assist struggling homeowners. HOPE LoanPort is also upgrading its technology to comply with the Federal Housing Finance Agency's new guidelines for managing the GSEs' delinquent loans.

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Association of Mortgage Field Services Releases Practitioner Tools

The National Association of Mortgage Field Services (NAMFS) has teamed up with the REO property preservation firm Field Asset Services, Inc. to provide its members with information on local code enforcement officials and homeowners association (HOA) contacts. The organization's database contains approximately 12,000 code officials and 2,500 HOA contacts nationwide and has been tied to interactive search tools available via the NAMFS website.

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CoreLogic Board Exploring Possible Sale of Company

CoreLogic's board of directors is looking into various strategies to enhance shareholder value, including the possibility of selling the company. CoreLogic said Monday that its board has formed a committee of independent directors to explore a wide range of options to improve the position of its shareholders, which could take the form of cost savings initiatives, repurchases of debt and common stock, the disposition of certain business lines, or the potential sale of the company or a strategic business merger.

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GCC Servicing Systems Assists Clients With Specialty Servicing Needs

GCC Servicing Systems, a provider of mortgage servicing technology and solutions, has announced the availability of a new investor accounting and reporting component through the company's professional services suite. This new offering enables servicers to meet the accounting and reporting requirements of Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA), and the USDA's Rural and Community Development loan program. It also agency default reporting.

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Econohomes Widens Homebuying Base With Bilingual Services

Econohomes is an Austin, Texas-based company that buys distressed REO properties in bulk and operates an online marketplace to get these homes back into the hands of owner-occupants and investors. The company is looking to make it easier for Hispanic buyers to get into the game. Econohomes is now offering bilingual services and Spanish-language online information to assist the Hispanic community with real estate transactions, both first-time homebuyers and property investors.

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