Technology

The only national radio talk show devoted to commercial real estate, ""Commercial Real Estate Show,"" launched October 2 on CREshow.com and in Atlanta on Biz 1190 AM (WAFS). The weekly show is geared toward business owners, investors, property owners, lenders, and people in businesses related to commercial real estate. It highlights news and market updates, and features industry guests discussing a weekly topic, such as commercial loan workouts.

Visionary Apps LLC recently announced the third release of its suite of real estate-related smart phone applications. The company says the new suite puts detailed information on new foreclosures in the palm of homebuyers' hands. Complete Realty Suite apps include millions of listings nationwide from multiple sources, including MLS listings.

In an effort to simplify the invoicing process and expedite reimbursements for the servicing industry, Equator has created an invoice tracking system called EQ Invoice Module. The company says the system streamlines the approval process by allowing servicers to configure different rules per portfolio and communicate with agents and vendors online. All existing Equator clients have access to the new EQ Invoice Module.

Integrated Mortgage Services has announced the release of its new end-to-end REO Broker Back Office solution. The solution is designed to help REO brokers cost-effectively manage all administrative functions, such as paying utilities and HOA dues, as well as performing inspection and preservation work.

The mortgage technology sector is heading in a completely new direction, according to John Guzzo with the investment bank Berkery Noyes, which focuses exclusively on mergers and acquisitions. Guzzo conducted extensive research over the past two years, interviewing more than 200 mortgage technology vendors and more than 10 private equity firms with positions in mortgage technology vendors. What he found suggests that in two years, the industry will consist of firms that have consolidated and combined to be ""true end-to-end"" service providers.

RealtyTrac introduced on Thursday a new feature on its Web site for its subscribers. The site, which is an online marketplace of foreclosure properties will now offer a recently sold feature on its page, that will allow subscribers to see details about all properties sold in the past three, six, and nine months for an area.

DocuTech Corp., a provider of compliance services for mortgage documents, has opened a new data center in Denver, Colorado. According to a statement from the Idaho-headquartered company, the data center signifies a conversion from physical servers to virtual machines (VM Ware) to improve business continuity and support continued growth, a move that was completed last month.

Mesa Law Group, a California firm with specialty financial services, recently announced the addition of a REST Report to its Loan Modification Preparation Program (LMPP). The new tool will aid clients in the loan modification process without the high cost of direct representation. According to Mesa Law Group, LMPP allows homeowners to organize finances and better navigate the demands of their lenders.

Wells Fargo, one of the nation's largest mortgage servicers, has agreed to use HOPE LoanPort's proprietary technology to partner with nonprofit housing counselors to assist homeowners with loan modifications. Wells is the 13th major servicer to sign onto the Web-based tool, which allows borrowers and counselors to streamline their submission of loan mod applications. HOPE LoanPort also has commitments from more than 1,600 housing counselors from almost 300 organizations across the country.

TAZA Corp has announced the launch of TAZA360, a new platform that provides a virtual portal to manage, market, and track expenses and closing processes of residential and commercial developments. The company says the technology will bring a new level of evaluation management to real estate by providing independent investors, asset management companies, broker-price opinion (BPO) mills, and others in the industry an online platform and network of agents to process evaluations.