Technology

Financial Asset Services, Inc. (FAS), a national asset management company with a 30-year history of providing property disposition and valuation services for mortgage companies and financial institutions, announced Friday that it has successfully completed an SAS 70 Type 2 audit.

Brookfield, Wisconsin-based Fiserv, Inc., a global provider of financial services technology solutions, recently announced enhanced investor capabilities for its Loan Servicing Platform. The new technology allows users to have real-time access to the cash position as it relates to their investor portfolio.

Real estate technology firm eBrokerHouse recently announced the launch of Rapid Trustee Sale (RTS), a Web-based trustee sale management system for real estate investors and/or brokers with clients who are bidding at foreclosure auctions.

Orange County, California-based UnitedTech Lender Services, Inc. (UTLS), the holding company to the UTLS family of companies, is providing various solutions to mortgage industry participants through its subsidiaries, UTLS Technology Services and UTLS Consulting Services.

Santa Barbara, California-based Equi-Trax Asset Solutions, LP, a national collateral valuation provider offering a line of hybrid valuation products that bridges the gap between broker price opinions and full appraisals, recently promoted Danielle Drewisch to the position of director of client relations.

Pro Teck Valuation Services announced Tuesday the expansion of its service offerings with the introduction of a configurable appraisal order portal for wholesale and retail mortgage origination. The platform, already in use by top national mortgage wholesalers, is designed to meet both regulatory and investor appraisal requirements.

John L. Scott Real Estate, a real estate brokerage based in Seattle, recently partnered with the online real estate marketplace Zillow.com, enabling the company to feed all of its 15,000 for-sale listings to the Zillow Web site on a regular basis.

With short sales gaining in popularity among lenders and homeowners alike, and the implementation date of the administration's Home Affordable Foreclosure Alternatives (HAFA) program just around the corner, Lender Processing Services, Inc. (LPS) is making moves to help servicers respond to short sale offers more efficiently. The Florida-based technology provider announced the launch of its professional short sale service Tuesday.

Default servicing software provider Equator announced Monday that the company's platform is automating over 125,000 active short sales. Short sales are becoming an increasingly vital strategy for lenders in their struggle to clear underperforming assets. Equator stresses that the keys to a successful short sale are accessibility, responsiveness, communication and fulfillment.

Despite the continued struggles of the housing and mortgage markets, Idaho Falls, Idaho-based DocuTech Corp. finished 2009 with an increase in market penetration of more than 140 percent, the company announced Thursday. The mortgage document compliance company added 84 new customers last year and forged key partnership with loan origination software (LOS) providers to ensure a seamless connection with loan data and loan documents.