Technology

The innovative eClosingNet (eCN) service offered by eLynx, a Cincinnati-based portfolio company of American Capital, has gained industry acceptance quicker than anticipated, according to a recent announcement by the company.

Lincoln, Nebraska-based Mortech, Inc., a mortgage technology software company, has joined forces with Ellie Mae, the Pleasanton, California-based provider of enterprise mortgage origination technology solutions, to create an integrated offering of the companies' flagship solutions.

ISGN Corporation has added a new Invoice Processing System (IPS) to its LenStar technology, a Web-based attorney and referral communication system for the default management market. The company says the new solution allows lenders and their attorneys and vendors to settle accounts payable and receivable quicker and with fewer errors than with manually toggling between accounting and invoicing systems.

Service 1st Valuation and Settlement Services, Inc., a national appraisal management firm based in Pittsburgh, has joined the Ellie Mae Network, according to an announcement Monday. Connectivity to the network is integrated in Ellie Mae's Encompass360 management software, which is used by mortgage bankers, mortgage brokers, community banks, credit unions, and national and regional lenders across the nation.

In an announcement Thursday, Fiserv, Inc., a global provider of financial services technology solutions, said its clients can now update attorney communications via a new Loan Servicing Platform interface with the LenStar default attorney communications network offered by ISGN, a provider of mortgage technology and services.

As the commercial real estate market continues to struggle, it is essential for both investors and borrowers to have tools to easily manage their loans. In response to this need, Dallas-based Financial Industry Computer Systems, Inc. (FICS), a commercial mortgage technology specialist that provides in-house commercial loan servicing software to the mortgage industry, said it has rewritten its LoanStat service to enhance investors' and borrowers' experiences when viewing real-time commercial loan information online.

In an effort to bring sophisticated business intelligence tools to the mortgage marketplace, AllRegs, headquartered in Eagan, Minnesota, and Denver-based Motivity Solutionc, Inc., have joined forces. Both AllRegs and Motivity were recipients of the 2009 Mortgage Technology magazine award. Through this collaboration, the companies plan to implement intelligence around mortgage lender product and guideline information.

In an effort to bring Web-based tools to homeowners in need of foreclosure prevention assistance, Columbia, Maryland-based IndiSoft and Financial Literacy Solutions (FLS), headquartered in Coral Springs, Florida, have entered into a strategic partnership.

Cogent QC Systems recently announced the release of Version 2.0 of its CogentQC.NET platform, which includes ServicingQC.NET for quality control of servicing processes and ProductionQC.NET for quality control of loan originations.

The Catylist commercial information exchange (CIE) service was recently adopted for the commercial members of My Florida Regional MLS (MFRMLS), a consortium of 13 Realtor boards and Florida's largest multiple listing service (MLS) with approximately 30,000 subscribers.