Technology

Service 1st Valuation and Settlement Service, Inc., an appraisal management company headquartered in Pittsburgh, announced Monday that it has entered into a partnership with Pittsburgh-based ValuAmerica, a provider of settlement services.

Trexglobal.com, a rental software developer headquartered in Fremont, California, recently announced the launch of an online property management portal that will provide property manager, landlords, and real estate professionals with easy access to information on managing real estate investments.

Lender Processing Services, Inc. (LPS) reported Thursday that year-end processing of all loans serviced using its Mortgage Servicing Package (MSP) and processed in its Jacksonville, Florida data center was completed on January 1, 2010. During the year-end routine, LPS processed more than 35 million loans for its mortgage servicing clients, while also maintaining normal system access, the company said.

Brokerpriceopinion.com, a Westminster, Colorado-based provider of drive-by and interior broker price opinions (BPOs), appraisals, and property securement for financial institutions, recently announced the launch of its next generation BPO (V3) platform.

Harry Gardner and Charles Epperson of SigniaDocs, a Dallas-based provider of eMortgage services, have been appointed to key posts within MISMO, a nonprofit subsidiary of the Mortgage Bankers Association (MBA) that is known as the mortgage industry's pre-eminent standards organization.

Along with a growth of staff and office space last year, Denver-based LenderLive Network, Inc. said 2009 brought an expansion of product offerings to its LenderLive Settlement Services division. To help servicers reduce costs and complete more loan modifications, the company provides outsourced fulfillment services and is able to seamlessly bundle these services with its title and recording offerings.

Cascade Financial Services in Mesa, Arizona has selected Advantage Systems' automated accounting system to address the lender's mortgage accounting needs. The company says it chose Advantage's solution because of its industry-specific software, loan-level and general ledger detail, and flexibility.

In an effort to enhance the appraisal ordering process for loan brokers, Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, and Global DMS, an appraisal management solutions firm, recently announced the integration of their systems.

Payment Gone, LLC, creators of Khafre Back Office, announced Wednesday the launch of its commercial loan modification software module. The company says this marks the introduction of the first commercial mortgage mod software on the market. The new module is designed to enable servicers to accurately capture and manage their clients' portfolio of commercial properties and to quickly analyze clients' complete financial picture.

Lender Processing Services (LPS) turned a $74.9 million profit in the fourth quarter, or 77 cents per share. The Florida-based company attributed its success to record improvements in its loan facilitation business, as well as solid demand for its default services as lenders continue to seek out efficiencies to handle a still-growing number of defaults and foreclosures.