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Green River Capital Launches REOConnex Mobile App for iPhone, iPad

Green River Capital, an REO asset management and loss mitigation provider for mortgage servicers, investment firms, credit unions, and banking institutions, announced Tuesday that its REOConnex asset management software is now available via a mobile application for the iPhone and iPad. The app allows agents to view all properties assigned to them, search for REO properties managed by Green River Capital, and view details and pictures stored in REOConnex.

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CoreLogic Technology Forecasts Mortgage Performance

CoreLogic announced the availability of RiskModel Version 4.4 this week. The new technology offering is an analytics application that forecasts future mortgage prepayments, defaults, losses, and cash flows at both the loan and portfolio level. This latest version integrates the CoreLogic Home Price Index (HPI) with new transition and loss-given-default models for Alt-A first and second-lien mortgages, allowing more than 75 percent of the loans in the development dataset to be estimated at the ZIP code level.

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Quality Mortgage Services Offers Foreclosure Audits

Quality Mortgage Services (QMS) provides mortgage quality assurance and mortgage compliance solutions nationwide, and the company says it's able to perform foreclosure audits for any servicers that need or what a retrospective review. In April, federal regulators directed 14 of the nation's largest mortgage servicers to hire third-party firms to conduct a 'look-back' audit of their foreclosure cases from 2009 and 2010. QMS says all servicers should be ensuring they are, and have been, fully compliant with proper foreclosure procedures.

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Aklero Promotes Julia Hernandez to SVP of Professional Services

Aklero Risk Analytics Inc., a provider of mortgage quality control software and services, has promoted Julia Hernandez to SVP of professional services. Hernandez previously was Aklero's VP of implementations. Hernandez is an industry veteran with more than 25 years of experience in the information technology, banking, and finance industries.

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CoreLogic Names Frank Martell Chief Financial Officer

CoreLogic has announced the appointment of Frank D. Martell as its new chief financial officer, effective August 29, 2011. Martell joins CoreLogic with more than 25 years of experience that included public company CFO, COO, and general management positions in the marketing and business information industries. He will oversee global accounting, financial planning and analysis, tax, treasury, real estate, procurement, and administration for CoreLogic.

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Varolii Satisfies SPOC Requirements While Reducing Servicers’ Costs

Varolii Corporation announced a new product to alleviate costs and streamline new processes servicers will have to adopt under the Single Point of Contact regulation requirements for all HAMP modifications. Varolii estimates its product will reduce servicer staffing requirements by 15 percent, while increasing borrower contact by 17 percent. The Varolii SPOC Mortgage Servicing Solution routes calls to the appropriate agents and incorporates borrowers' communication preferences.

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DecisionReady Solutions Taps Former Title Exec to Head National Sales

DecisionReady Solutions, a California-based provider of default servicing compliance solutions, has announced the appointment of Matthew Lichtner to the position of executive vice president, director of national sales and client relations. Lichtner has over two decades of sales experience in the mortgage industry working for companies such as First American Corporation and Stewart Title Company.

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Five Star Institute and Fannie Mae Partner for Short Sale Program

The Five Star Institute has announced a partnership with Fannie Mae to educate real estate agents on Fannie Mae's Short Sale Assistance Desk (SSAD). Fannie Mae's SSAD helps expedite the process by allowing real estate agents to reach out to the GSE directly for short sale approval of first-lien, Fannie Mae-backed loans. Agents can access the appropriate forms through multiple listing services. With 107,953 short sales in 2010, such transactions continue in significant numbers this year - 35,406 as of April, according to a federal report.

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Axis Appraisal Management Solutions Appoints Chief Appraiser

Axis Appraisal Management Solutions announced Monday that it has appointed Ron Simmons, SRA, as its chief appraiser and director of valuation services. Simmons brings to Axis a range of experience in the appraisal and technology business fields. He operated an appraisal practice for well over a decade and is a certified residential appraiser in the Northern California area.

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CoreLogic to Sell India Outsourcing Operations to Cognizant

CoreLogic has entered into a definitive agreement to sell its India-based operations, CoreLogic Global Services Private Ltd., to Cognizant. Cognizant is an information technology, consulting, and outsourcing firm headquartered in New Jersey with a large presence in India already. The deal will net CoreLogic approximately $50 million in cash, plus adjustments for working capital. The transaction is expected to close next month.

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