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Technology

Experian Offers Default-Predicting Technology for Non-Agency MBS

Experian announced Monday the launch of CreditHorizons for Securities, a data-feed product that the company says provides the missing link to understanding the true creditworthiness of the underlying borrowers in secondary market mortgage deals. CreditHorizons for Securities consists of anonymized U.S. consumer credit profiles that have been matched to the private-label mortgage-backed securities (MBS) deals in a loan-level database provided by First American CoreLogic.

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Firm Says Increase in Software Purchases May Be Sign of Stabilization

What does it mean when more lenders are considering buying their lending software package outright rather than paying by the loan? Mortgage Builder, a loan origination software (LOS) provider in Southfield, Michigan, says it may be a sign that confidence is returning for those companies that survived the crisis and could even indicate the beginnings of market stabilization.

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Appraiser Proximity Certifications Now Provided by Valuation Partners

Valuation Partners, LLC, a national real estate valuations provider based in Sugar Land, Texas, recently announced that it is providing Appraiser Proximity Certifications on all new orders that provide proof that the appraiser chosen for a specific job has the local knowledge and expertise to complete the assignment. Through the use of geo-coding technology, each Appraiser Proximity Certification includes an automatically generated map showing the location of both the subject property and the appraiser's place of business. And prior to accepting the order, the appraiser is required to acknowledge that the distance between his or her office and the property is correct.

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New Web Site Launched by QualityFirst Real Estate

QualityFirst Real Estate, a San Diego-based real estate company specializing in REO properties, recently launched a new company Web site, providing real world expertise regarding short sales and foreclosure sales to homebuyers, buyers, and the lending community. Through this new site, buyers looking for great opportunities on a home can directly access QualityFirst's online listings of bank-owned homes for sale, the company said. And buyers looking for a home loan can take advantage of the site's mortgage information and loan calculator pages.

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Valligent and Global DMS Release New Valuation Technology Service

Valligent, a Roseville, California-based provider of collateral valuation and risk management solutions, and Global DMS, a Lansdale, Pennsylvania-based provider of appraisal process management solutions, recently launched an end-to-end valuation service for ordering, managing, and delivering a full range of valuation products in MISMO-sanctioned XML data format -- all in full compliance with major guidelines and regulations.

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a la mode Expands Its SureDocs e-Signature Service

a la mode, inc. recently announced that it has broadened its SureDocs e-Signature system to include market-specific versions for appraisers and real estate agents. The company said the deployment of appraiser and agent versions of SureDocs, shortly after FHA's confirmation that it now accepts electronic signatures on third party documents, is a huge step forward in truly creating paperless loans with all of the documents being ""first generation"" electronic files.

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Bank of America Enhances Its Home Loan Guide

In an effort to further educate consumers about the home buying process, Calabasas, California-based Bank of America Home Loans has unveiled an enhanced online home loan guide that includes customized tools on budgeting, affordability, and choosing the right kind of loan. The enhanced site includes interactive tools and calculators, the ability to save worksheets and information for use at a later date, and a new local mortgage loan officer finder.

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Safeguard Properties Launches New Web Site

Safeguard Properties has announced the launch of its new marketing Web site SafeguardProperties.com. The new site was developed based on feedback and input from Safeguard's key audiences - clients, vendors, employees, and industry partners. New feature highlights include an ""Ask the CEO"" section and expanded information about Safeguard's services.

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eMASON Announces Loan Mod Upgrades to Clarifire Software

Software provider eMason, Inc. has made key enhancements to its Clarifire application that the company says will allow servicers to respond more rapidly to federal loan modification guidelines. Specifically, eMason says the upgrades provide automatic decision-making and processing for borrowers who ""fall out"" of the Home Affordable Modification Program (HAMP), including consideration for Fannie Mae's recently announced Alternative Modification (Alt Mod).

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