Technology

Real Estate Disposition, LLC (REDC), a national real estate auction firm headquartered in Irvine, California, announced the re-launch of its Auction.com Web site on Wednesday. The company says it has increased site content tenfold to support more than 500,000 unique monthly visitors.

In an effort to make it easier and more efficient for mortgage lenders to apply for and manage their licenses, Maine has signed on to use the Nationwide Mortgage Licensing System (NMLS), Will Lund, superintendant from the Bureau of Consumer Credit Protection announced Tuesday. According to the Bureau, this change will also protect Maine consumers by increasing oversight of the mortgage activities of loan originators in other states.

As REO sales continue to increase -- according to the latest market report released by Zillow, REO sales made up 22.2 percent of U.S. home sales in March -- it is vital that lenders receive assistance in completing these transactions. In an effort to provide this assistance, MRG Document Technologies has launched an REO document package creation capability within its Miracle Online mortgage document preparation system.

MDA DataQuick announced Tuesday that it has entered into a multi-year agreement with Digital Map Products (DMP) to combine DMP's geospatial mapping technology with MDA DataQuick's real estate data. According to John Walsh, president of MDA DataQuick, this partnership will empower real estate professionals by helping them better visualize data and market analysis, and ultimately reduce risk.

As homeowners continue to default on their mortgage loans, banks are desperate to determine the pre-default triggers that are causing this phenomenon. A new service offered by Atlanta-based VueLogic will give banks the opportunity to do just that and much more. Starting in June 2010, the company is bringing its loan level statistical scoring techniques to the default space to help banks determine the customer behaviors that trigger defaults.

The LAMCOnetwork, an REO vendor database provided by Lenders Asset Management Company, announced Monday that it will be hosting a members-only live and interactive ""Ask the Expert!"" Webinar on May 21st at 10:00 a.m. (PST). The Webinar will feature the company's CEO Brandon Hawkes and EVP Dan Reynolds, who will provide network members with an executive-level view of the distressed asset world and tips on how to increase their business.

In a servicing policy update issued Monday, Fannie Mae introduced a new Web-based technology tool that automates key functions required of servicers to evaluate borrowers for the Home Affordable Modification Program (HAMP). The GSE's Workout Evaluator automates HAMP's net present value (NPV) test and the modification ""waterfall"" methodology required under the program. It is only for use by Fannie Mae servicers modifying Fannie Mae loans.

Interthinx recently announced the release of ValueGUARD, an automated collateral risk solution that the company says will revolutionize the way property, neighborhood, and market area risk can be assessed by lenders and investors. The solution identifies the risk of future value deterioration as well as risk associated with the current value of a property, Interthinx explained.

Tulsa, Oklahoma-based Williams & Williams Worldwide Real Estate Auction announced the launch of a new proprietary index last week that tracks actual results derived from the company's monthly auction performance data. Williams & Williams says the combination of this tracking system and the company's own pricing models for residential and commercial real estate allow it to provide clients with a 30- to 90-day advanced view of real estate market performance.

Stewart Title Guaranty Company (STGC) announced Monday the integration of Stewart Agency Technology with Lender Processing Services'(LPS) SoftPro, a real estate closing and title insurance software. According to George Houghton, EVP of the agency services group for STGC, the Stewart Agency Technology enables SoftPro users to increase efficiency, automate various parts of workflow, and better manage forms.