Home / News / Technology (page 141)

Technology

Wingspan Turns to DRI’s Rincon System to Handle Increasing Workload

With the mortgage industry reeling from foreclosure documentation problems, specialty servicers are in greater demand than ever to keep homes from entering the foreclosure process in the first place. Increasing demand requires greater efficiency to free up overwhelmed staffs, and specialty servicers like Wingspan Portfolio Advisors, are finding technology essential for maximizing both time and human resources. The company is employing DRI Management System's new Rincon solution to automate workflow tasks and handle more loans.

Read More »

Valuation Companies Release New Land Appraisal Product

Kirchmeyer & Associates and its sister company, Real Info, recently partnered with Valligent to release a new collateral valuation product for appraising vacant residential land. The new solution, ParcelView, is intended to replace or enhance a lender's valuation tools for residential land collateral assessment and is expected to save lenders up to 50 percent compared to traditional land appraisals.

Read More »

SigniaDocs Announces Automated Process for Warehouse Lending

SigniaDocs, a national eMortgage solutions provider, has developed an automated system for warehouse lending. The company says with its technology, the entire warehouse lending process, from origination to investor purchase and replenish of the warehouse line, is complete within a couple of days, compared to the typical 14 days in the paper world.

Read More »

Residential Credit Solutions Deploys IndiSoft’s RxOffice Loss Mitigation

IndiSoft announced Wednesday that Residential Credit Solutions (RCS) has deployed the company's RxOffice Loss Mitigation module. RCS is an integrated investment and servicing company focused on credit-sensitive residential mortgage loans. According to IndiSoft, the module streamlines RCS's processes while improving operating efficiencies for supporting loans in default.

Read More »

FICO Analytics Incorporated into Experian’s MBS Solution

Analytics provider FICO recently announced that Experian Capital Markets is adding FICO credit scores to its CreditHorizons for Securities solution. Sellers and investors of mortgage-backed securities (MBS) use Experian's CreditHorizons for Securities to surmount the limitations of loan-level data when analyzing credit risk in potential bond investments. FICO says the addition of the FICO score will give securities managers, marketers, and investors deeper insight into the creditworthiness of underlying mortgages in loan pools.

Read More »

Five Brothers Unveils New Enhanced Web Site

Five Brothers, a nationwide provider of residential and commercial mortgage default management solutions, announced the launch of its enhanced Web site on Wednesday. Developed to improve online capabilities for Five Brothers' clients and vendors, the new Web site, fivebrms.com, provides mortgage servicers and their field service partners with a portal to specialized default management information, resources, and tools.

Read More »

New Default Technology Eliminates Manual Tracking and Auditing

ServiceLink has unveiled a comprehensive, end-to-end default solution that allows servicers to bridge their current technology to the company's optimized loss mitigation and default technology and outsourcing services. ServiceLink says the goal is to help servicers and investors make the optimal workout decision while maximizing asset value and remaining in compliance with changing regulatory rules.

Read More »

MLSListings Makes Realtors Property Resource Available to Members

According to MLSListings, Inc., headquartered in Sunnyvale, California, it is one of the first multiple listing service (MLS) organizations in the country to make Realtors Property Resource (RPR) available exclusively for its members. RPR is the National Association of Realtors' online real estate database, providing Realtors with data on every parcel of property in the United States, according to the trade group.

Read More »

Quicken Loans Closes $3.4 Billion in Loan Volume in September

Quicken Loans Inc., one of the nation's largest online mortgage lenders, reports it closed approximately 15,500 home loans totaling $3.4 billion in loan volume in September. It's the largest monthly closed volume in the company's 25-year history. September's production surpassed the previous record set just last month. Quicken Loan's saw nearly 14,000 closed loans and $3.15 billion in loan volume in August.

Read More »

BlackBox Logic Expands Team with Business Strategist, Programmer

Denver-based BlackBox Logic LLC has hired Scott Spittler as a senior applications developer and David Feiner as its new business strategy associate to support the company's recent growth. The data aggregation service company provides a database of loan-level collateral underlying non-agency residential mortgage-backed securities (RMBS) for investors, broker/dealers, and researchers.

Read More »