Technology

Lender Processing Services, Inc. (LPS) announced enhancements to McDash, the company's loan level database, through the addition of two supplemental data modules.

There are a range of simulation games. Games that replicate what its like to be in a war zone and games that let you build your own city. To help banks tackle the issue of mortgage delinquencies, BankersLab announced the launch of CollectionLab, a simulation game that allows banks to test strategies in a virtual environment as they attempt to optimize delinquent collections.

Kroll Factual Data, Inc. found risks in mortgage applications appears to be increasing. The company recently revealed that the loans it processes had a 1.3 percent increase in the possibility of fraudulent activity in the second quarter compared to the previous quarter.

After a three-year battle, Ellie Mae and software developer DocMagic reached a settlement over an antitrust suit, the companies announced jointly. DocMagic first filed against Ellie Mae in August 2009, alleging antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage, and unfair competition, according to a company release sent out at the time.

To adapt to changing needs due to growth, Platinum Data announced it has selected Nima Oreizy as the new chief technology officer.

MortgageKeeper Referral Services announced Tuesday that it will begin working with Family Credit Management to help its counselors connect consumers to vetted community services via MortgageKeeper's MKDesktop product. Family Credit Management is a nonprofit consumer credit and housing counseling agency licensed in over 20 states. It's counselors will now have Web-based access to MortgageKeeper's nationwide database of more than 6,500 nonprofit and government services.

Residential mortgage servicer Vericrest Financial, Inc., announced Thursday that it has relocated its Texas Center of Excellence from Dallas to Irving, Texas. Vericrest's Texas center houses the company's corporate functions, as well as asset management, business development, technology, and servicing operations. The company says its plans for future expansion could create potentially hundreds of new jobs.

The real estate software provider eBrokerHouse is making its transaction management and offer submission platform available for free to real estate agents. The free version of eBrokerHouse has all the capabilities to work for the vast majority of agents. High-volume list agents and teams that need more flexibility can easily upgrade to a paid membership and remove the few restrictions of the free account.

Interthinx announced Monday it is teaming up with Middleberg Riddle & Gianna's MRG Document Technologies group to provide financial institutions with assistance in addressing legal and regulatory requirements.

Collateral valuation technology provider Veros announced Tuesday a major upgrade to VeroSCORE, its appraisal report analysis product.