Technology

Res.Net, a comprehensive workflow management system, recently chose Providence, Rhode Island-based Lincoln Appraisal & Settlement Services to become an approved broker price opinion (BPO) and appraisal business partner.

In an announcement Tuesday, Lincoln, Nebraska-based Mortech, a mortgage technology company specializing in daily pricing, product decisioning, and lead management, said it has formed a strategic relationship with Google. This partnership comes as Google rolls out its new AdWords comparison ads feature, which allows consumers to shop for and compare mortgages.

IndiSoft LLC, a technology development firm that focuses on systems for the default services industry, has hired Brian Friedman as SVP. He will be responsible for business development, contract negotiations, investor relations, and joint ventures.

Lenders One Mortgage Cooperative, a national alliance of more than 150 independent mortgage bankers, announced Monday the addition of Mike McDermott as member relations manager.

Despite the industry's unprecedented efforts to keep people in their homes, there are more borrowers behind on their mortgage payments than there have been in 37 years.

California-based Equator (formerly known as REOTrans) says it has launched the industry's first-ever short sale module for a large national lender.

Mortgage Contracting Services (MCS), a property preservation and inspection services based in Tampa, Florida, announced Monday that effective Thursday, October 1, Caroline Reaves will make the transition to CEO of the company.

Although the global recession is diminishing, the period of above-average growth, characteristic of normal recoveries, may be short-lived or nonexistent, the chief economist for the International Monetary Fund warned Wednesday.

Think of it as Craigslist, only for loans.

When the Obama administration released the first servicer performance results Tuesday from its Making Home Affordable modification program, the news seemed mostly sunny.