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Technology

Point2 Technologies Appoints Chief Sales Officer

Point2 Technologies Inc., an inventory management and marketing software developer for the real estate industry, recently announced that board member Walter T. Baczkowski Jr. will join Point2's executive management team as chief sales officer and VP of industry relations for the company's real estate business, effective June 1, 2010.

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HOPE LoanPort Adds Yet Another Counseling Agency to Its Roster

HOPE LoanPort's roster of participants seems to be ever-growing. Consumer Credit Counseling Services of Delaware Valley, with 19 offices in the Philadelphia metro area, is the latest to join the more than 200 counseling agencies and 10 major servicers already committed to the new Web portal.

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Global DMS Releases Secondary Market Edition of Its MARS Technology

Global DMS, a Lansdale, Pennsylvania-based provider of appraisal process management solutions, recently released MARS SME, the secondary market edition of its MARS MISMO Appraisal Review System technology. The company said this new sytem offers investors and asset managers a fast and easy way to value entire loan pools, all automatically within just a few minutes.

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Wolters Kluwer, Avista Unite to Help Lenders Streamline Documentation

Minneapolis-based Wolters Kluwer Financial Services and Columbia, South Carolina-based Avista Solutions have formed a new partnership, under which the companies have integrated Wolters Kluwer Financial Services' Expere Integrated Enterprise (Expere IE) solution with the Avista Agile Loan Origination System. As a result of this integration, Avista Agile users will now have automatic and seamless electronic access to Wolters Kluwer Financial Services' VMP Mortgage Solutions compliance documents and disclosures through Expere IE.

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Solidifi Launches New Appraisal Warranty Insurance Programs

In order to provide mortgage lenders and their investors unprecedented assurances of appraisal quality and value accuracy, Solidifi U.S., a New York-based provider of full fee appraisal services, recently launched the Solidifi CoverageMAX and Solidifi CoveragePLUS insurance programs. Created in conjunction with Companion Specialty Insurance Group and Wells Fargo Special Risks, Inc., these appraisal warranty insurance programs aim to attend to the risk mitigation concerns of mortgage lenders and their investors.

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Valligent Offers Mortgage Investors Appraisal Review Certifications

Valligent has announced the introduction of V-Cert, which certifies that Valligent's desk reviews are completed in accordance with secondary market investor and rating agency requirements. The company says this new guarantee provides investors with confidence in the collateral value of the loans they purchase and shifts the collateral due diligence to the prior-to-funding stage.

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Rockefeller Foundation Gives $1 Million to NeighborWorks

NeighborWorks America announced Tuesday that it received $1 million from the Rockefeller Foundation in New York to support infrastructure development and technical upgrades for the organization's network of nonprofit housing counselors. NeighborWorks says the grant will help to strengthen and supplement its counseling capacity and increase the efficiency with which its community-based members are able to help homeowners avoid foreclosure.

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InHouse Connexions Launched to Manage Appraisal Vendors

Appraisal technology provider InHouse, Inc. has announced the launch of InHouse Connexions. The company says it's the industry's first technology for managing any combination of disparate appraisal vendors, including appraisal management companies (AMCs) and individual appraisers, from a single platform.

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IMDI to Use MDS’s Mortgage Servicing Analysis Product

Mortgage Delivery Specialists (MDS), a provider of mortgage servicing rights acquisition due diligence analysis services, and Indecomm-Mortgage Dynamics Inc. (IMDI), a mortgage banking management consulting and outsource services firm, recently announced a strategic partnership. As a result, IMDI will immediately begin incorporating MDS's mortgage servicing analysis product into its suite of mortgage servicing solutions.

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Survey Finds 76% of Consumers Favor Renting to Homeownership

As the real estate market continues to fight an uphill battle towards recovery, the dream of homeownership seems to be dying out for some consumers, at least for the time being. According to a new online survey conducted in May, 76 percent of consumers deemed renting to be the more favorable option to owning a home in the current real estate market, a 5 percent jump from the 2008 survey results.

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