Technology

Axios Valuation Solutions has fully integrated its appraisal management operations with a la mode's Mercury Network Vendor Management Platform. The integration is expected to benefit lenders and appraisers in terms of regulatory compliance, quality assurance, appraisal data security, cost, and flexibility.

ServiceLink reports dramatically reduced short sale approval and closing timelines, thanks to the company's short sale business model. The Fidelity National subsidiary cites completed package and contract acceptance in less than 30 days, a far cry from the industry's 90-day delays just a year ago. ServiceLink also reports a total short sale completion time of fewer than 75 days, a process that once took more than five months.

Mortgage Builder Software, a Southfield, Michigan based loan origination software (LOS) company recently announced an alliance with Cenlar FSB, a mortgage loan subservicer. The two companies have joined forces to provide a process for boarding closed mortgage loans from Mortgage Builder Software's LOS system directly to the Cenlar servicing platform.

IndiSoft LLC, a Columbia, Maryland-based technology firm that focuses on systems for the default services industry, has named industry veteran Karun Khanna as COO. In his new position, Khanna will plan and direct all aspects of IndiSoft's business objectives, operational policies, and initiatives. He will spearhead the company's development of its platform to ensure growth, while also determining and achieving short- and long-term financial and operational goals.

Merscorp, Inc. (MERS), the electronic mortgage registry system, has selected technology management firm Genpact Limited to provide mortgage support services and member-facing helpdesk services, beginning December 2010. Under the seven-year contract between the two companies, Genpact will perform business process services in the United States for MERS, including managing the receipt, identification, and delivery of mortgage-related correspondence on behalf of MERS 2,500 members.

The analytics firm CoreLogic has renewed and expanded its longstanding data licensing agreement with the Houston Association of Realtors (HAR). According to CoreLogic, the agreement extends the permitted use of HAR's listing data beyond automated valuation models (AVMs) to other risk management solutions.

The real estate software firm eBrokerHouse recently announced the launch of the company's latest software solution -- EBH Office Solution. The company explained that the new Web-based software allows entire real estate agencies to implement the eBrokerHouse back office management system and operate completely virtual and nearly paperless.

Fannie Mae has rolled out a new interactive online resource for homeowners struggling with their mortgage payments. It's KnowYourOptions.com, and it's designed to be a virtual one-stop-shop for anyone facing financial hardship and in need of foreclosure assistance. Eight months in the making, the site offers tools and guidance for refinancing, repayment plans, forbearance, modifications, Fannie Mae's Deed-for-Lease program, short sales, and deeds-in-lieu.

Infinity Valuation Services (IVS) announced Monday that it now provides a fully-automated inspection form to support its valuation services for distressed properties. The company works with thousands of real estate agents across the country to provide interior and exterior broker price opinions (BPOs), appraisals, and property inspections. IVS explained that as an integrated component of its BPO system, the new form now enables the company to tailor report information to streamline the inspection process.

DocuTech Corp, an Idaho Falls, Idaho-based provider of compliance services and documentation technology for the mortgage industry, recently announced that it signed 25 new clients in the first two quarters of this year, marking 14 consecutive quarters of growth for the 19-year-old company. According to DocuTech, lenders look to the company for sophisticated, but not complicated, mortgage document tools that seamlessly integrate with existing loan origination systems, thus enabling mortgage professionals to generate documents locally.