Technology

Lender Processing Services, Inc. (LPS), a Jacksonville, Florida-based provider of technology and services to the mortgage industry, announced Tuesday the launch of its proprietary Home Price Index (HPI).

Rainbow City, Alabama’s RealtyBid.com and Clearwater, Florida’s ValCom, Inc., have teamed up to give away a house in a different state every month through a new promotional campaign called The House Game.

Newport, Kentucky-based Default Mitigation Management LLC (DMM) has released an update to its Debtor’s Counsel Loss Mitigation Web Portal. The company explained that the new release is another step forward in creating more effective channels of communication between attorneys, servicers, and now the trustees, and streamlining the loss mitigation process – in and out of bankruptcy.

LendingTree, an online lending exchange headquartered in Charlotte, North Carolina, introduced a new offering this week that the company says will help banks and mortgage companies retain borrowers who are seeking refinancing options with other lenders.

Irvine, California-based LoanMarket.NET has partnered with First American Title Insurance Company to offer nationwide third-party title, signing, and settlement services to its online buyers and sellers of mortgage note investments.

The volume of defaulted real estate coming onto the market nationwide has reached unprecedented proportions, with more than 40 percent of homes for sale representing lender real-estate-owned properties.

Cincinnati-based Convergys Corporation has announced the immediate availability of its new Convergys Loan Modification Solutions. The company says these solutions leverage live agent assistance; outbound communications via voice, email, or text; and analytics to encourage loan retention and help servicers respond to increasing consumer demand.

Reston, Virginia-based MERSCORP, Inc. (MERS) unveiled a new program on Tuesday that informs borrowers of ownership changes regarding their mortgage. The company says its program supports new federal legislation, which is designed to help homeowners keep their homes by bringing greater transparency and accountability to the mortgage lending process.

Three Texas-based companies – REO Alternatives, Rapid Reporting Verification Company, and SigniaDocs – together with Maryland’s Overture Technologies unveiled plans on Tuesday to offer expedited electronic loan modifications through a collaborative initiative they’ve dubbed the eMortgage System Processing (ESP) program.

The National Association of Realtors (NAR) says it wants to provide its membership with the best possible information about the U.S. housing market. To help achieve this goal, the NAR research department recently implemented SAS Visual Data Discovery to supply members with updated foreclosure and other housing market information.