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Clark Street Sets Up REO Buyer Database

Clark Street Capital, a Chicago-based provider of asset management and advisory services, announced on Monday the launch of its Bank Asset Network. The company says the online portal is the first buyer-centric database of its kind offering a secure, tailored venue for the investing public to purchase REO properties.

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Real Estate Auction Platforms For Sale

The real estate auction Web sites BidSell.com and BidRent.com, as well as their Canadian counterparts BidSell.ca and BidRent.ca, have been put up for sale by Idea Labz, Inc., an Internet holding company based in Los Angeles.

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Equifax Expands Mortgage Credit Checks

Equifax Inc., the consumer credit reporting agency based in Atlanta, Georgia, announced on Thursday the availability of a proprietary solution which the company says now provides even more comprehensive employer- and government-verified information for mortgage lending institutions.

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Bid4Assets Sees Increased Buying Activity

Bid4Assets, Inc., an online real estate auction company based in Silver Spring, Maryland, says that more and more homebuyers are turning to Web-based auctions to find their American dream. The company announced on Thursday that it has successfully auctioned 60,000 real estate properties since its inception in 1999.

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Aspen Grove Launches Online REO, Short Sale Listings

Cascade, Maryland-based Aspen Grove, Inc. announced the release of its online search portal for REO and short sale property listings on Wednesday. The new tool – Aspen iListing – can be applied to all properties within the company’s iAgent asset management system and is a free additional service for all iAgent users.

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Michigan Company Provides Tool to Crack the Credit Risk Code

Dr. Dennis Capozza, founder of Ann Arbor, Michigan-based University Financial Associates (UFA), has spent the last 30 years predicting cycles in the mortgage industry. Dr. Capozza’s research and experience have been automated in a scoring system called ForeScore for more than a decade, and last week, UFA announced that lenders, investors, and regulators can now access the ForeScore system and supporting analytics via an integrated Web services platform.

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Woodward Asset Capital Launches OfferSubmission.com For REO Sales

Southfield, Michigan’s Woodward Asset Capital, LLC has announced the launch of OfferSubmission.com, a proprietary web-based software program that allows mortgage asset owners to control the REO disposition process, while providing transparency for real estate agents and institutional sellers.

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