Technology

BrokerPriceOpinion.com, a provider of customized valuation solutions, has launched its new Professional Property Inspection report, which incorporates detailed home information from an automated valuation model (AVM). The report also includes verification of the physical condition of the property and full photo documentation, and meets the new federal interagency appraisal and valuation guidelines that went into effect April 1.

The California Association of Realtors has partnered with Fannie Mae on an initiative designed to help Realtors resolve issues that arise after a short sale offer is made on a Fannie Mae-backed loan. The effort centers around technology from the GSE, the Fannie Mae Short Sale Assistance Desk, which helps brokers and agents shorten the waiting period for approval on Fannie Mae short sale transactions. It also assists real estate professionals with post-contract issues, the existence of a second lien, or problems involving mortgage insurance.

Robert J. Hopp & Associates LLC, a national provider of legal, default, disposition, and title services, announced Friday that Donna L. La Porte, Esq. has joined its California legal team as managing attorney. La Porte is an AV-rated attorney in the commercial and default industries with over 20 years' experience representing financial institutions, mortgage bankers, and servicers in all aspects of commercial, multifamily, and residential real estate.

Pro Teck Valuation Services announced the availability of customized appraisal reviews via AppraisalCheck, its suite of desk and field review products for the repurchase market. AppaisalCheck identifies appraisal fraud, errors, and misrepresentations. The company says it has seen a growing need for retro forensic reviews to determine whether there is any culpability on behalf of the originator.

A new exterior property value analysis tool called REALcondition Report from PLATINUMdata Solutions is designed to assist lenders in complying with the new Interagency Appraisal and Evaluation Guidelines. While automated valuation models (AVMs) on their own do not address property condition - since that requires an actual visit to the physical property - REALcondition Report is based on an in-person exterior assessment.

CoreLogic announced this week that the company's Credco division has launched a data-enhanced version of its ENCORE report, which the company says provides lenders with a 360-degree view of mortgage lending and servicing risk. In a recent test of more than 1 million loans, it identified 70 percent of the lender-identified fraud and more than 50 percent of the total foreclosure and charge-off losses.

Coester Appraisal Group, a Maryland-based appraisal management company, recently hired two new executives. Haroon Khalid is the company's new chief developer, and Joseph Bryant will serve as national sales director. According to a statement from the company, the hires were part of a plan to grow the business and elevate appraisal industry standards.

Blueberry Systems, LLC, a provider of mortgage production solutions to the financial services industry, recently enhanced its proprietary Conductor technology, a component of the company's flagship loan production platform, RELAY. The firms says the update gives mortgage lenders greater control over their loan data, which lowers the risk of errors and costly loan repurchases from mortgage investors.

Wolters Kluwer Financial Services on Tuesday announced the launch of Pre-Foreclosure Manager, a hosted solution for U.S. mortgage servicers to create, mail, track, and manage borrower default notices. The nation's servicers face a rising number of loans entering default in addition to increasing regulatory pressures. Wolters Kluwer Financial Services says its new technology offers a solution to address large spikes in foreclosure volumes with limited in-house resources and reduce the risk of non-compliance.

Texas-based special servicer Wingspan Portfolio Advisors recently upgraded its technology with the release of Investor Portal 2.0. The improved Web-based portal provides stakeholders with access to their serviced loans through customizable dashboards. Wingspan SVP E.J. Kite calls the new portal a ""controlled yet flexible tool with a results-oriented approach that brings an entirely new dimension to special servicing.""