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MortgageKeeper Announces Collaboration with Saxon Mortgage Services

MortgageKeeper Referral Services is the developer of a national database that connects financially strapped homeowners with qualified nonprofit and government agencies for assistance. The company announced Wednesday that it has entered into an agreement with Saxon Mortgage Services to electronically connect homeowners to vetted community services via MortgageKeeper's MKDirect product.

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Visionary Apps’ Complete Foreclosures App Now Offers RealtyTrac Data

Visionary Apps LLC announced Tuesday that its Complete Foreclosures app will now be powered by RealtyTrac data. The app, which previously included about 25 data fields, will now include up to 75 data fields with RealtyTrac data for more than 1.5 million default, bank-owned, and pre-foreclosure listings in more than 2,200 counties across the country. The free Complete Foreclosures app is customizable based on price, square footage, and numbers of bedrooms and bathrooms so that users can eliminate listings that are not relevant to them.

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Pro Teck and AMC Launch Due Diligence Platform

Pro Teck Valuation Services and American Mortgage Consultants (AMC) are teaming up to deliver real estate valuation review and reconciliation services through AMC's due diligence platform. Valuations are an important part of due diligence, loss mitigation, and buy-backs and put-backs. In order for companies to make sound investment risk management decisions, they need to understand all variables pertaining to valuation. AMC and Pro Teck announced their solution to the mortgage industry's due-diligence needs Tuesday.

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DRI Management Systems Launches Module to Speed REO Resolution

DRI Management Systems, Inc. introduced a new technology module Monday to automate the process of remarketing REO assets. The company explained that its new DRI Broker system facilitates direct, electronic communications between real estate agents and lenders' REO departments, enabling asset managers to accelerate resolutions and lower servicing costs throughout the REO process.

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New Product Streamlines Short Sale Process for Real Estate Professionals

Denver-based Realis Real Estate Software (formerly REO Maestro) is launching a new software product for agents and brokers working with short sales. The new program, Prelude, is designed to allow real estate professionals to manage multiple short sale properties efficiently and effectively. Prelude will be available as a separate software platform and as an extension of Maestro, Realis' flagship product. The product includes a forms library, auto package generation, and borrower access.

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Commerce Velocity Aids Servicers in Implementing New Policy

Commerce Velocity, based in Irvine, California, has updated their Optimizer solution to better assist servicers as they comply with new industry requirements. The updates were designed to ensure timeliness, provide comprehensive audit trails, and allow for clear communication between loss mitigation and foreclosure departments. Commerce Velocity President Umesh Verma says, ""The sheer scale of loans in default or foreclosure, each requiring and deserving detailed attention, has been a major challenge for servicers to manage.""

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New Technology Helps Servicers Implement ‘Single Point of Contact’

eMASON, Inc. has launched a new product that facilitates compliance with the new Single Point of Contact requirement set forth by the Obama administration. Clarifire Community Portal delivers business process automation, secure centralized communication, and real-time collaboration, while increasing efficiency and reducing cost. In addition to assisting servicers in implementing a ""Single Point of Contact,"" servicers can use the application to eliminate dual processing and for escalation and exception management processes.

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LPS Applied Analytics Introduces Home Price Index

The Applied Analytics division of Lender Processing Services, Inc. recently introduced the LPS Home Price Index (HPI). The LPS HPI shows historical price trends for residential properties in the United States, offering estimates of property values that underlie residential mortgage portfolios and securities. LPS says the new tool is a reliable way to estimate borrower stress, negative equity, and potential for default and loss.

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REO Allegiance Introduces Smartphone Apps for Field Contractors

REO Allegiance, a national property preservation and eviction services firm headquartered, now offers custom smartphone applications for property preservation contractors. Field services contractors can view work orders, check company communications, submit updates and bids, take and upload photos, and complete and submit documents directly to REO Allegiance while in the field. Contractors can also navigate and plan routes.

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Chief Executive of Lender Processing Services Resigns

Lender Processing Services (LPS) announced Wednesday that Jeffrey S. Carbiener has stepped down from his positions as CEO, president, and company director for health-related reasons, effective immediately. The Florida-based firm has established a committee to search for new leadership. In the interim, Lee A. Kennedy, executive chairman of the board and former CEO of LPS's prior parent company, Fidelity National Information Services, Inc., will take on the responsibilities of president and CEO.

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