Technology

Altisource Portfolio Solutions, a global provider of services for the real estate, mortgage, and consumer debt industries, announced plans to acquire Equator, a solutions provider for the mortgage and real estate industries. The deal is valued at $70 million on closing and includes contingent earn out consideration of up to $80 million over three years, according to the announcement. Equator will still retain its name, offices, and management team after the acquisition, which is expected to close within 30 days.

Wolters Kluwer Financial Services announced the integration of its flood determination solutions into the Calyx Network.

CLARIFIRE CONNECTOR, an application from Florida-based Clarifire, can now be used by mortgage servicers for integration with Fannie Mae’s Servicing Management Default Underwriter (SMDU). Integration to SMDU uses CLARIFIRE QUICK to import case data in bulk and CLARIFIRE OPTIMIZER, to trigger the decisioning of multiple loans at one time.

The Barrett Daffin Frappier Turner & Engel family of law firms has reacquired National Default Exchange (NDeX), NDeX Title, and NDeX West from the Dolan Company. The deal puts the law firms of the BDF Law Group in direct and complete control over their entire operations. Dolan's decision to shed the NDeX assets is in line with the company's plans to move into specialized business technology for law firms and away from business processing and back office services.

Gateway Mortgage has selected Fiserv's LoanServ platform to handle its mortgage servicing technology needs, Fiserv announced. lending solutions at Fiserv.

ELK Software, a provider of real estate software, announced the release of the latest version of Realty Commander, a tool to help Realtors and brokers manage real estate transactions.

Global DMS, a provider of Web-based compliant valuation management software, announced the integration of its valuation management software with DataQuick's Collateral Validation solution.

To help mortgage servicers stay compliant while delivering exceptional customer service, Varolii Corporation offers the Varolii Interact Platform. The platform allows servicers to be more proactive in their communication efforts by initiating contact with distressed borrowers, soliciting feedback, and assessing borrower satisfaction.

Summit Mitigation Services, a national short sale and debt negotiation company, will use the RIO Genesis platform to manage all of its transactions, RIO Software Solutions announced. RIO Software Solutions also revealed the release of the ""Easy"" button. With just one mouse click, agents and brokers on the RIO Genesis platform can engage Summit Mitigation Services to process short sale transactions on their behalf.

CoreLogic announced an agreement Monday to buy Marshall & Swift/Boeckh and DataQuick Information Systems from the Decision Insight Information Group for $661 million. The transaction, which is expected to close during the third quarter of this year, will expand the Irvine, California-based company's data and analytics segment.