Technology

Clark Street Capital, a Chicago-based provider of asset management and advisory services, announced on Monday the launch of its Bank Asset Network. The company says the online portal is the first buyer-centric database of its kind offering a secure, tailored venue for the investing public to purchase REO properties.

ISGN Corporation, a global mortgage solutions company headquartered in Bensalem, Pennsylvania, and Mishawaka, Indiana-based Data-Vision, a provider of Internet lending technologies, announced on Tuesday that they have integrated their loan systems.

The real estate auction Web sites BidSell.com and BidRent.com, as well as their Canadian counterparts BidSell.ca and BidRent.ca, have been put up for sale by Idea Labz, Inc., an Internet holding company based in Los Angeles.

Equifax Inc., the consumer credit reporting agency based in Atlanta, Georgia, announced on Thursday the availability of a proprietary solution which the company says now provides even more comprehensive employer- and government-verified information for mortgage lending institutions.

Bid4Assets, Inc., an online real estate auction company based in Silver Spring, Maryland, says that more and more homebuyers are turning to Web-based auctions to find their American dream. The company announced on Thursday that it has successfully auctioned 60,000 real estate properties since its inception in 1999.

On May 8, the Federal Reserve Board finalized its early disclosure rules within Regulation Z (Truth-in-Lending Act – TILA) that are set to take effect July 30 and are meant to ensure consumers receive disclosures explaining the cost of a mortgage earlier in the lending process.

Cascade, Maryland-based Aspen Grove, Inc. announced the release of its online search portal for REO and short sale property listings on Wednesday. The new tool – Aspen iListing – can be applied to all properties within the company’s iAgent asset management system and is a free additional service for all iAgent users.

Denver, Colorado-based Integrated Asset Services, LLC (IAS), a provider of mortgage default management services and residential collateral valuation, has added a distressed appraisal feature to its iValue suite of automated valuation products.

Dr. Dennis Capozza, founder of Ann Arbor, Michigan-based University Financial Associates (UFA), has spent the last 30 years predicting cycles in the mortgage industry. Dr. Capozza’s research and experience have been automated in a scoring system called ForeScore for more than a decade, and last week, UFA announced that lenders, investors, and regulators can now access the ForeScore system and supporting analytics via an integrated Web services platform.

Seventy percent of Realtors are interested in using a one-stop online shopping source for real estate closing services, according to a National Association of Realtors (NAR) survey of nearly 2,000 Realtors.