Technology

Move, Inc., an online real estate company that operates the official Web site for the National Association of Realtors (NAR), is targeting first-time homebuyers with its new site, MortgageMatch.com. The company developed the site to enable buyers to search for homes, evaluate financing options, and apply for loans online. According to NAR's latest profile study of homebuyers and sellers, 34 percent of Realtors report that difficulty in obtaining mortgage financing is the most important factor limiting their clients.

CoreLogic Credco recently introduced FinalCheck, an automated, fully ""decisionable"" suite of prefunding risk evaluation products that instantly verify credit, application, and fraud data in an easy-to-read report for lenders. The company says FinalCheck is designed to help lenders satisfy GSE requirements, reduce repurchase risk, and increase loan delivery confidence.

Hartford National Title, Inc., a provider of title insurance and real estate closing services in Milford, Connecticut, has launched OneSourceQuote, a new good faith estimate (GFE) and HUD-1 title calculator, as a free online application. According to a statement from the company, OneSourceQuote was developed due to the lack of free, accurate title calculators available to mortgage brokers and retail lenders.

Michael Neumann, an independent real estate agent in the Chicago area, says he used to worry about the confidentiality of offers he would pass to prospective clients via email. But having recently employed the document management and signing process developed by DocuSign and secured with out-of-band authentication from Authentify, Neumann no longer worries about who might be picking up the proposals he sends electronically.

Wipeout, an electronic information security application from technology development firm IndiSoft, is now available to the financial services industry in the United States. The application, which is currently used in the health care industry in India, enables users to permanently remove sensitive data from the hard drives of PCs and laptops. IndiSoft says the technology is critical to ensuring data held by financial institutions is not compromised.

Mortgage Cadence, LLC announced it will support Fannie Mae's Loan Quality Initiative (LQI) with the direct integration of EarlyCheck. According to the company, the integration will validate critical data prior to delivering a loan to Fannie Mae and reduce funding and pooling delays after submission. EarlyCheck was developed by the GSE to ensure that delivered loans meet standard and negotiated terms with fewer delivery stops by providing identity checks, property and occupancy checks, and eligibility verification.

Fannie Mae is testing the waters for a new program that allows real estate agents to submit offers for the company's REO properties on behalf of their clients and track the status of those offers online. The program is being piloted in Orlando, Florida; San Diego, California; and Detroit, Michigan. The new feature is currently available for Fannie Mae-owned homes in these areas through the GSE's HomePath Web site. Officials say the program will provide increased transparency and efficiency in the submission process.

HomeGain has partnered with the Web technology development company AgencyLogic to offer single property Web sites to real estate agent and broker members. HomeGain Property Websites give real estate professionals a venue for showcasing a single home listing, with a custom domain name, the ability to add videos and photos, syndication to search engines, and sharing on social media sites.

iServe Servicing, Inc., a residential mortgage special servicer of performing, sub-performing, nonperforming, and bank-owned assets, announced Monday that it has integrated its business operations with iServe Real Estate Operations Inc. (iServe REO). The combined business unit will maintain the iServe Servicing title and be led by current iServe Servicing CEO Richard Cimino.

Default Servicing Technologies LLC (DST) has announced the launch of a new Closing Company portal, which the company says will improve how closing companies interact with clients through DispoSolutions, DST's REO management platform. According to DST, the new, flexible _Closing Company_ interface simplifies workflow and provides closing firms with real-time communication, document management, notes, title information, contact lists, escrow directions, and HUD contract sell-side details.