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Author Archives: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Companies Partner to Extend Banks' Automated Collections

CGI Group Inc., a global provider of information technology and business process services, and Seattle’s Varolii Corporation, an outbound communications technology provider, have partnered to provide banks with self-service collections and recovery options in response to tough economic times.

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RealtyTrac Appoints Key Management

RealtyTrac announced on Tuesday that it has named two key management posts. The company has hired Robert J. Houghton as CIO and chief technology officer (CTO), and Gary Hegenbart as SVP of human resources.

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Low Rates Boost Refinance Activity

Based on the Weekly Mortgage Applications Survey released by the Mortgage Bankers Association (MBA) today, as long-term mortgage interest rates continue to drop well below five percent, the industry is seeing a boom in refinancing of home loans.

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DocuTech Opens Portland Office, Names COO

DocuTech Corp., a provider of compliance services and document technology for the mortgage industry, has opened a new office in Portland, Oregon. The company said its expansion is to meet growing customer and technology development needs in the mortgage marketplace.

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Fed Bumps MBS Purchases to $1.25 Trillion

The Federal Reserve’s Open Market Committee concluded its monthly meeting on Wednesday afternoon, and announced several aggressive initiatives to provide greater support to mortgage lending and housing markets, the committee said in a statement to the press.

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Servicer Employs Technology to Automate Loss Mit Evaluations

Bethesda, Maryland’s Overture Technologies, a provider of decisioning solutions for mortgage lending, and Residential Credit Solutions, Inc. (RCS), a Fort Worth, Texas-based mortgage servicing company, announced on Monday that RCS will implement Overture’s Mozart for Special Servicing to identify optimal workout options for delinquent borrowers.

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PHH Veteran Joins LenderLive as VP of Sales

LenderLive Network Inc., a Denver-based company that provides process outsourcing and technology to the financial industry, has hired Joseph Camerieri as VP of sales. As part of the company’s national sales force, Camerieri will be responsible for developing new business relationships among banks, credit unions, and servicers for LenderLive.

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Officials Offer Clarification on Federal Mods

Representatives from the U.S. Treasury, Fannie Mae, and Freddie Mac took part in a conference call on Tuesday, hosted by the Mortgage Bankers Association and the HOPE NOW Alliance to answer a growing list of servicers’ questions (said to be six pages, single-spaced) regarding the administration’s Home Affordable Modification program.

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Response Analytics Releases Making Home Affordable Software

Scottsdale, Arizona-based Response Analytics Inc. has released a new software module developed for mortgage servicers, investors, and mortgage insurers that the company says dramatically simplifies the administration of loan modifications under the federal government’s Making Home Affordable plan unveiled earlier this month.

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Mortgage Mod Legal Network Taps Former Fed Governor as Advisor

Mortgage Modification Legal Network (MMLN), also known as WeSaveHomes.com, has appointed former Federal Reserve Governor Dr. Wayne Angell to its board of advisors. MMLN, a national loan modification and loss mitigation servicing firm headquartered in Laguna Niguel, California, said the global recession has made it imperative for financial service companies to assemble great minds to provide solutions for homeowners, lenders, and the governments, together affecting positive momentum for the economy.

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