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Technology

Capsilon Combines Katalyst and DocVelocity

Capsilon, a San Francisco-based provider of cloud-based document sharing, imaging, and document management solutions, announced it has merged its Katalyst and DocVelocity imaging systems into a combined offering.

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WFG Lender Services Acquires Valutrust

FG Lender Services (WFGLS), a provider of title insurance and real estate settlement services for lender real estate transactions, acquired Valutrust Solutions, LLC (Valutrust), a national mortgage services and technology development business based in Overland Park, Kansas.

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Genworth Announces Free Training Courses in April

Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial, Inc., announced it will offer 24 training classes in April to help mortgage lenders and servicers improve their efficiency and build their business. Genworth offers an extensive slate of training courses through classroom teaching, instructor-led webinars, and videos and recorded webinars that customers can access and complete at their own pace.

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Are Previous Defaulters Making a Comeback?

After just one month of its release, the AfterForeclosure Loan Eligibility App has garnered interest from over 4,000 potential buyers, according to AfterForeclosure.com, the site that introduced the product. The application gives borrowers who have lost their home to a foreclosure or short sale an idea of where they stand in terms of being able to qualify for a loan again. According to a release, 23 percent of users passed and were found to be eligible to purchase after losing their home through a foreclosure or short sale.

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Specialized Business Software Releases Web-Based X12 EDI Translator

Specialized Business Software, a provider of custom software solutions for insurance, mortgage and financial services companies, announced the release of its web-based X12 EDI Translator. The solution allows mortgage servicers and insurance tracking companies to translate insurance policies from the X12 format into a more readable form, the Ohio-based company stated in a release.

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Survey: 71% of Bankers Say Price Increases Are Sustainable

According to a FICO survey, 71 percent of bankers polled believe home prices are ""rising at a sustainable pace"" in the context of mortgage lending risk. On the credit health side, 39 percent of respondents expect mortgage delinquencies to fall over the next six months, while another 45 percent expect delinquencies to remain flat. Sixteen percent anticipate an increase in delinquencies, making this first-quarter survey the most optimistic since the surveys started.

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Field Asset Services Introduces Flexible Mobile Survey

Field Asset Services (FAS), a provider of pre-foreclosure, REO, and renovation field services to mortgage servicers and investors, announced the release of Flexible Mobile Survey, an add-on to the company's FAStrack Mobile platform. Flexible Mobile Survey assists field asset vendors by delivering a customized work order in the form of a survey directly to their smart phone.

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BankersLab App Trains Bankers in Collections Management

BankersLab, the minds behind Banc-it: Scoring Edition, announced the launch of another gamified mobile learning app designed to help collections and risk managers stay on top of the latest industry best practices. Banc-it: Collections Edition tests technical knowledge of collections management, scoring, debt collection, and customer service. Players are challenged to ""beat the rat race"" up the virtual corporate ladder, working from ""Intern"" up to ""Executive"" and collecting badges for expertise, speed, and persistence.

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