Mortgage Software September 15, 2008
→ RealEC Technologies Selected by Flagstar Bank to Provide Automated Appraisal Management Solutions
RealEC Technologies Inc., the mortgage industry's leading provider of collaborative network solutions, today announced it has entered into an agreement with Flagstar Bank for RealEC's suite of appraisal management solutions, which provides greater automation in Flagstar's wholesale and retail channels of origination. -- RealEC Technologies,Information,SANTA ANA ca 08/26/2008
→ Mortgage Fraud Reports Jump 42% in US, MARI Finds
Reported incidents of mortgage fraud in the U.S. increased by 42 percent in the first quarter of 2008 from a year ago, according to a new report released today by the Mortgage Asset Research Institute (MARI(SM)), a ChoicePoint(R) (NYSE: CPS) company. The report is based on data submitted by MARI subscribers about loans that were originated in the first quarter of this year and have since been classified as fraudulent. -- Mortgage Asset Research Institute Inc.,Jim Croft,Reston Virginia 08/25/2008
→ ComplianceEase Launches Technology Solutions Together with State Mortgage/Banking Regulators to Automate Regulatory Exams
– Regulators to Set the Standard for the Future of Examinations Through Greater Efficiency and Reduced Time and Costs for Financial Institutions – -- Complianceease,John Vong,Burlingame California 08/25/2008
→ Intellidyn Expands Award Winning Lead Incubation Solution, with Cost-per-Funded-Loan Below $100
Lenders use automated, situation-generated and personalized emails to build relationships and convert previously overlooked or cold prospects into funded loans -- Intellidyn.com,Gene Devine,Boston MA 08/25/2008
→ American Home Mortgage Servicing, Inc. Services Approximately 475,000 Loans on Lender Processing Services, Inc.'s MSP
Implements LPS Desktop for Workflow Management -- Lender Processing Services,Michelle Kersch,JACKSONVILLE Fl 08/19/2008
→ FICS’ Servicer Solutions Provide Users a Direct Method for Reporting to Ginnie Mae’s Reporting and Feedback System
Financial Industry Computer Systems, Inc. (FICS®), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that its residential mortgage loan servicing system, Mortgage Servicer™ and its commercial mortgage loan servicing system, Commercial Servicer®, now have the ability to report directly to the Government National Mortgage Association (Ginnie Mae) via Ginnie Mae’s new Reporting and Feedback System (RFS). -- FICS Group,Kelly Graham,Dallas TX 08/19/2008
→ ELLIE MAE ADDS FIRST AMERICAN CORELOGIC’S PROPERTY PAK TO ITS ONLINE ENCOMPASS APPRAISAL CENTER
One-stop solution adds accuracy and saves time as appraisers receive detailed appraisal orders and property information online -- Ellie Mae Inc.,David Lewis,Pleasanton California 08/18/2008
→ Cogent Road Adds New Debt Free Wizard to Funding Suite’s Intelligent Credit Report
- Creates action plan for applicants desiring to live debt-free - -- Cogent Road, Inc.,Information,SAN DIEGO ca 08/05/2008
→ MISMO® Completes Milestone Two of Version 3.0
Industry Continues to make progress on MISMO's Version 3.0 Architecture -- Mortgage Bankers Association of America,Aleis Stokes,Washington District of Columbia 08/05/2008
→ NEW! Seamless Integration Between MortgageDashboard(TM) and Office XSites by a la mode
MortgageDashboard(TM) now has a seamless integration with Office XSites by a la mode. MortgageDashboard(TM) users with an a la mode Web site can now export their new loan applications directly to their MortgageDashboard(TM) LOS -- completely eliminating retyping. Whenever a new customer signs onto MortgageDashboard(TM), they will automatically get a free Originator level XSite with a 20-day trial of the Office level XSite features, including the integration with MortgageDashboard(TM). The integration also allows XSite users to receive a fully integrated MortgageDashboard(TM) account. -- A La Mode Inc.,Ellana Walker,Oklahoma City Oklahoma 08/05/2008
→ ELLIE MAE PARTNERS WITH MORTGAGE POWER NETWORK, GIVING ENCOMPASS USERS ACCESS TO CHIP CUMMINGS’ MARKETING TOOLS
Users get one-click access to Encompass training, mortgage information and marketing tools to improve productivity and profits -- Ellie Mae Inc.,David Lewis,Pleasanton California 08/04/2008
→ Intellidyn Debuts Ability to Target Negative Amortization Loan Holders by Lender
Retail originators can now pinpoint and market to prospective borrowers by their levels of Negative Amortization, credit criteria and lender name -- Intellidyn.com,Gene Devine,Boston MA 08/04/2008
→ SearchMyLoan.com Announces Strategic Alliance with JMAC Lending
-Lender’s extensive loan programs now available through pricing and search engine -
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Huntington Beach, Calif.-based JMAC, a lender offering diversified product lines and competitive pricing to the wholesale funding market. -- SearchMyLoan.com,Info,PORT WASHINGTON NY 07/31/2008
→ MAVENT OBTAINS INNOVATIVE TECHNOLOGY PATENT FOR MORTGAGE COMPLIANCE
Mortgage compliance pioneers assist lenders nationally amid mortgage crisis; technology quickly and effectively determines loan compliance -- Mavent Inc.,Lou Pizante,Irvine California 07/31/2008
→ FICS Completes Roll Out of Business Objects’ Business Intelligence Tools
- Roll out to Loan Producer customers completes implementation of business intelligence tools for all FICS users - -- FICS Group,Kelly Graham,Dallas Tx 07/30/2008
→ COASTAL COMMUNITY BANK EXPERIENCES BIG SAVINGS BY TRANSACTING MORTGAGE LOANS ELECTRONICALLY
Company was the first to deploy Ellie Mae’s hosted Encompass® Banker Edition; sees costs per loan go down 15 percent -- Ellie Mae Inc.,David Lewis,Pleasanton California 07/30/2008
→ StoneWater Selects MindBox Technology to Deliver Instant On-Line Product and Pricing Decisions
Proven technology, speed of implementation key advantage for new mortgage lender -- MINDBOX,Yared Benyam,Greenbrae California 07/25/2008
→ Compliance Coach announces Harland Financial Solutions will Market its Identity Theft Red Flags Rule Solution
Harland Financial Solutions will market Compliance Coach’s new CompliancePal software to financial institutions and creditors to enable timely compliance -- Compliance Coach,Info,SAN DIEGO ca 07/23/2008
→ Victims of 'Real Estate Catch-22' Offset Mortgage Costs as First-Time Landlords
TenantWIZ Provides Stressed-Out Homeowners Tools to Manage Multiple Properties -- TenantWIZ Software Corporation,Info,Las Vegas nv 07/22/2008
→ Hyland Software Named Top 50 Provider by Mortgage Technology Magazine for Fifth Consecutive Year
- Company recognized as one of 'best and brightest' mortgage technology providers - -- Hyland Software Inc.,Lindsey Quirk,Cleveland Ohio 07/21/2008
→ Ellie Mae’s Encompass® Mortgage Management Solution to Be Delivered via Integrated Data Centers and Global Wide Area Network
Nation’s Top Brokers and Bankers to Benefit from Innovative Software-as-a-Service Solution -- Ellie Mae Inc.,David Lewis,Pleasanton California 07/21/2008
→ Kirtland Federal Credit Union Turns to FICS for Mortgage Origination and Servicing Solutions
– Financial Industry Computer Systems, Inc. (FICS®), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that New Mexico-based Kirtland Federal Credit Union is successfully utilizing its residential loan origination and servicing suite of mortgage technology solutions. -- FICS - Financial Industry Computer Systems, Inc.,Kelly Graham,Addison Texas 07/16/2008
→ Lydian Forms New FHA/VA Loan Processing Subsidiary
FHA loans expected to take 10 percent of lending market in 2008, 15 percent in 2009, and mortgage companies have little experience processing them -- Lydian Data Services,Philippe Turpault,Boca Raton FL 07/16/2008
→ Cogent Road Launches Padded Credit Score Detection Tool
- Tool enables lenders to detect artificially raised credit scores - -- Cogent Road, Inc.,Information,Sanb diego ca 07/16/2008
→ SearchMyLoan.com Offers Mortgage Insurance Through Loan Search and Pricing Engine
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced it is now offering users of its loan search and pricing engine the ability to identify mortgage insurance products. -- SearchMyLoan.com,Info,PORT WASHINGTON NY 07/16/2008
→ AVISTA SOLUTIONS NAMED ONE OF NATION’S TOP 50 SERVICE PROVIDERS
Company receives third distinction in two years -- Avista Solutions,Mark Phlieger,Columbia South Carolina 07/10/2008