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Survey: Realtors Continue to Invest in Mobile Technology

Survey: Realtors Continue to Invest in Mobile Technology

The National Association of Realtors (NAR) set out to answer a very simple question—how much are realtors spending on new technology for their businesses? NAR conducted the 2013-2014 Realtor Technology Survey, which found that realtors continued to invest in technology for their business in 2013 and spent more than they had in previous years.

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Collateral Analytics Launches New Credit Risk Model

Collateral Analytics Launches New Credit Risk Model

Collateral Analytics, a provider of automated valuation solutions and real estate analytics products for the financial services industry, announced recently it has launched the CA Credit Risk Model. The new patent pending product is designed to offer quantitative measures of the risk and cost of potential borrower default in a residential mortgage.

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Valuation Vision Offers New Property Valuation Solution

Valuation Vision Offers New Property Valuation Solution

Valuation Vision announced the use of their valuation technology and management platform to develop a new appraisal product solution, GEAR AP (GeoScore Evaluation/Appraisal Report). Valuation Vision has leveraged its advanced technology to develop the new GEAR product as a consumer-friendly, cost-effective alternative to traditional appraisal.

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CFPB to Launch eClosing Pilot Program

CFPB to Launch eClosing Pilot Program

In an effort to create a more consumer-friendly environment, the Consumer Financial Protection Bureau (CFPB) has announced a new pilot program, centered specifically on gathering data from partners using electronic closings (eClosings) to complete mortgages.

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Collateral Risk Solutions Announces New Product for Lenders

Collateral Risk Solutions Announces New Product for Lenders

Collateral Risk Solutions (CRS) has launched its new Desktop Evaluation Service, providing a response to demand from lenders for a reliable and economic alternative to field appraisals. According to CEO Joel Meredith, the new technology offering was designed to provide a USPAP compliant appraisal option for home equity lines of credit, loss mitigation, and quality control that meets all inter-agency evaluation and appraisal guidelines.

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Recent Ellie Mae Outage Not a Cyber-Attack

Recent Ellie Mae Outage Not a Cyber-Attack

In a fortuitous reversal for Ellie Mae, the company announced that a previously reported outage stemming from a presumed cyber-attack was in fact "triggered by a confluence of factors involving network, hardware, software and demand for service."

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FDIC Urges Institutions to Mitigate Cyber-Related Risk

FDIC Urges Institutions to Mitigate Cyber-Related Risk

A release issued Thursday by the Federal Deposit Insurance (FDIC) urged financial institutions to "actively utilize available resources to identify and help mitigate potential cyber-related risks." The timing of the release is particularly germane, considering the recently discovered Heartbleed bug which affects almost two-thirds of the web, as well as recent cyber-attacks on industry giant Ellie Mae.

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