Technology

First Lenders Data, Inc. (FLDI) has announced the availability of FirstClose, a single-point dashboard that aggregates nationally recognized vendors and service providers online. The new solution assists mortgage lenders in complying with the new interagency regulatory appraisal and evaluation guidelines that became effective December 2010. FirstClose combines the company's existing automated valuation models (AVMs) with its Property Condition Report and AVM back-testing.

Homebuyers and sellers can now search for and find local real estate agents based on ratings and reviews via Zillow.com. The company launched the ability to review agents in December, and thousands of people have weighed in. Zillow, which attracts more than 13 million visitors each month, now allows consumers to search for local agents in the Zillow directory and compare ratings and reviews to find an agent that's best for them.

Summit Valuations, LLC recently announced that the company's Market Intelligence Tool, a critical component to its quality control process, now accompanies each broker price opinion (BPO) provided to Summit clients. The Market Intelligence Tool taps into the unified data warehouse to query similar listings and sales transactions surrounding each subject property. It also integrates with Google maps to provide interactive insight into the subject property and its immediate neighborhood market conditions.

Free online software for the creation of personalized mortgage modification applications under the federal Home Affordable Modification Program (HAMP) and other lender programs is now available from FreeMortgageFix.com. The company says paperwork is undeniably the No. 1 reason for the delays with the HAMP loan modification program and unnecessary denials, and it believes its online program is the answer.

Pro Teck Valuation Services, a national provider of residential real estate valuations, recently partnered with Collateral Analytics to offer a suite of real estate analytic products and automated valuation models (AVMs) to Pro Teck customers. According to the two companies, the combination brings a strategic blend of data, analytics, and valuation expertise to today's mortgage and residential real estate markets.

Cyprexx Services LLC has a new online look. The Florida-based default and REO field services firm has just launched a completely redesigned Web site and Web portal. The new layout offers improved navigation features and provides both clients and vendors an easier-to-read site. In addition to offering more information about new releases and updates to the company's technology platform, the new login panel provides users with special enhancements that include an improved property search page to return results faster.

LRES Corporation, a provider of valuations and asset management for the mortgage, banking, and real estate industries, now uses TrackPoint REO technology to facilitate real estate-owned transactions on behalf of its clients. Created by DepotPoint, Inc., TrackPoint is a workflow and tracking system and the foundation of DepotPoint's default servicing applications, including TrackPoint Loss Mitigation and TrackPoint REO.

Veros announced Monday that its VeroSELECT valuation management platform now gives lenders the ability to order, manage, and electronically deliver appraisals in compliance with the new requirements mandated by Fannie Mae and Freddie Mac for the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal (UCDP). These initiatives are part of the GSEs' program intended to standardize and drive data quality to benefit the entire mortgage industry.

Keller Williams Realty will launch what it calls ""the real estate industry's first complete lead-to-close business solution"" for every agent in the company. The first phase of the solution, eEdge, will officially launch at Keller Williams' annual convention next month. It will enable agents to funnel and maintain all their contacts, leads, and clients in one database, as well as develop and distribute marketing and sales materials and manage Web sites and listings -- all through a single system.

MDA Lending Solutions has launched a suite of products to help customers satisfy Fannie Mae's Loan Quality Initiative (LQI) recommendations and reduce mortgage fraud. According to the company, its new LoanShield suite enables clients to identify suspicious activity, protect themselves against repurchase claims, and lower the chance of mortgage fraud-related issues impacting loan performance.