Technology

Wingspan Portfolio Advisors, LLC, a specialty and component mortgage servicer focusing on highly delinquent loans, is expanding its partnership with technology developer IndiSoft. Wingspan will use additional RxOffice portals from IndiSoft to explore foreclosure alternatives, such as short sales, for homeowners who do not qualify for loan modifications or are unable to retain their homes.

According to Auction.com, a real estate marketing and disposition services site, 2010 was a record year. The site offered 35,350 foreclosed assets for $2.4 billion last year, numbers that lead the industry, the site's owner Real Estate Disposition Corp. (REDC) said in a statement. So far in 2011, Auction.com has auctioned 4,710 foreclosures for $258 million at 94 percent of reserve, according to the company.

Lender Processing Services, Inc. (LPS), a Florida-based provider of integrated technology and services to the mortgage and real estate industries, announced this week that EverHome Mortgage Company has signed a long-term contract extension for LPS's Mortgage Servicing Package (MSP). EverHome Mortgage, a mortgage servicer that is also headquartered in Florida, and its predecessors have used LPS technology for more than 45 years.

ELK Software announced Tuesday that its Web-based Short Sale Commander version 5.0 is complete and ready for use by real estate professionals looking to simplify and speed up the short sale process. The company's short sale platform is now available in a software-as-a-service (SAAS) format to the residential real estate community. ELK explained that the latest version is equipped with even more ways to abridge, monetize, and make the entire short sale process more time-efficient.

Title agencies utilizing the Stewart Title Electronic Policy System (STEPS) have produced more than 2 million policies, according to an announcement from Houston-based Stewart Title Guaranty Company. STEPS allows title agencies to create title policy jackets online. It eliminates having to finish policy logs manually and automatically assigns policy numbers, time-stamps the policy, and keeps track of each jacket.

Google has announced that it will be retiring the ability to find properties for sale or rent on Google Maps. The feature is available in the United States, as well as in Australia, New Zealand, the United Kingdom, and Japan and will be discontinued on February 10, because of what the company describes as ""low usage.""

C-Metric, a business process solutions company, has announced the opening of a new onshore facility in Cherry Hill, New Jersey. The company says much of its work in recent years has been in the mortgage servicing industry, especially with law firms and title companies, handling over 100 different processes from file intake to data entry and document and image indexing.

QuestSoft, a provider of mortgage compliance software and services to lenders, recently announced that Jim Janczy has been appointed regional manager for the eastern part of the United States. A 15-year veteran of the mortgage banking industry, Janczy will focus on the continued sales of Compliance EAGLE, an end-to-end, automated compliance platform; HMDA RELIEF; CRA RELIEF; and other products within QuestSoft's lending compliance suite.

Mortgage technology provider ISGN recently partnered with Interthinx, a provider of risk mitigation solutions covering mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting. ISGN will add Interthinx's FraudGUARD fraud detection solution and PredProtect Compliance Suite to the MORvision loan origination system Plug-In Partner Network. ISGN says these additions will prevent fraud and ensure compliance prior to loan funding.

Real estate software firm eBrokerHouse recently released its Rapid Trustee Sale (RTS) tracking and management software platform for two new counties--Maricopa in Arizona and San Bernadino in California. RTS allows users to track opening bids in real time, get full property details, and manage documents and pictures associated with each property. The system also serves Los Angeles, Riverside, and Orange counties in California and Clark County, Nevada.