Technology

Catalizador Private Equity Fund, a team of Texas-based venture capitalists, announced this week the completed acquisition of MortgageDashboard. MortgageDashboard provides loan origination systems that enable paperless mortgage processing. Catalizador took control of MortgageDashboard last fall when the technology firm lost an important line of credit and was on the brink of insolvency.

Global DMS has enhanced its appraisal management technologies to comply with new appraisal requirements of the Federal Housing Administration (FHA), which went into effect on Monday. All lenders submitting loans to FHA are now required to comply with the agency's new guidelines, which have some similarities and several differences to the HVCC already adopted by the GSEs.

The National Groups, the parent company of the National Default Servicing, LLC suite of mortgage service operations, announced Thursday that Mitchell Oringer and Richard T. Fikani have joined the firm, filling two new leadership positions.

The launch of StartSAFE, a comprehensive solution to aid banks in meeting the compliance requirements of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), was announced Wednesday by TriNovus, LLC, a Birmingham, Alabama-based company focused on delivering relevant technology solutions to the financial marketplace.

In an effort to make appraisal review more efficient, FNC, Inc., a mortgage technology company headquartered in Oxford, Mississippi, recently released the GARR Viewer, which works hand-in-hand with one of its flagship products--the Generally Accepted Appraisal Rules (GAAR) software.

Stewart Title Co. and Stewart Title Guaranty Co. announced Wednesday the launch of new RESPA-compliant online rate calculators for lenders. The calculators are rolling out nationwide through Stewart Title offices and through Stewart Title Guaranty's network of agencies to help lenders ensure title fee estimates are accurate when providing homebuyers with rates under new disclosure rules.

MRG Document Technologies (MRG), a provider of mortgage document preparation and compliance technology to banks, credit unions, and other lenders nationwide, announced Tuesday that First Guaranty Mortgage Corporation (FGMC) has selected MRG for its document preparation services.

In an effort to revolutionize the way investors buy REO property, Austin, Texas-based Econohomes, a nationwide direct seller of residential REO properties, has launched a new Web site. Built on a robust technology platform, Econohomes' Web site combines superior information on its extensive nationwide real estate inventory with the ability for investors to bundle and purchase groups of REO properties at significant discounts.

To meet the ever-increasing need for successful analysis and evaluation of loss mitigation efforts, loan servicers and lenders are embracing online technology. As a result, Denver-based Mortgage Cadence, Inc., a provider of enterprise lending solutions for the financial services industry, has entered into the mortgage servicing technology arena with the introduction of the Loss Mitigation Gateway to provide online initiation, management, and execution of the loss mitigation process.

Maponics, a Vermont-based provider of location-based data and information, announced Tuesday that it has been chosen by the Lender Processing Services (LPS) Real Estate Group to provide the boundary data required to enable local searching of its property databases.