Pleasanton, California-based Ellie Mae announced on Friday the launch of the company’s HVCC-compliant appraisal services, a new program designed to help banker, lender, and broker clients comply with the GSEs’ Home Valuation Code of Conduct (HVCC) that goes into effect on May 1, 2009.
Read More »BB&T Signs On To Use Fiserv's E-Lending Platform
Fiserv, Inc., a Brookfield, Wisconsin-based provider of financial services technology solutions, announced on Thursday that BB&T Corporation, has chosen the company’s Secure Lending solution to electronically deliver disclosures and other pre-closing documents, with an electronic signature option, to borrowers.
Read More »Mavent Rolls Out 'Making Home Affordable' Compliance Software
Irvine, California-based Mavent Inc., a provider of automated regulatory compliance software and solutions to the mortgage industry, has unveiled a new automated compliance engine (ACE) that reviews loans for compliance and eligibility under the Obama administration’s Making Home Affordable program.
Read More »Deadline Approaching for GSE Valuation Compliance
On May 1st, the Home Valuation Code of Conduct (HVCC) takes effect, mandating that all new loans sold to Fannie Mae and Freddie Mac comply with strict rules established to mitigate the risk assumed by the two GSEs.
Read More »Zillow Reports Surge in Refi Loan Requests
Amidst the announcement of President Barack Obama’s housing plan, and with mortgage rates reaching historic lows, Seattle-based real estate web site Zillow.com reports record-breaking traffic and loan request activity within its free marketplace for custom mortgage quotes.
Read More »Texas Companies Turn to E-Mods to Prevent Foreclosures
To provide faster service and acceptance of loan restructurings, Wingspan Portfolio Advisors, a Carrollton, Texas firm specializing in saving seriously delinquent loans from foreclosure, has selected electronic mortgage solutions from Houston-based SigniaDocs.
Read More »RealtyTrac Releases Foreclosure Widget
RealtyTrac, a national online marketplace for foreclosure properties based in Irvine, California, and Caspio, Inc., a provider of a Web-based point-and-click platform for creating Web applications, today announced the launch of a new foreclosure Web application that features historical foreclosure activity data by state or by county and a real-time nationwide search of properties in foreclosure.
Read More »Refi Boom Spurs Growth of Online Mortgage Software
With mortgage interest rates hitting historic lows, the refinance boom has put pressure on an industry that is already struggling from slashed jobs, plummeting real estate values, and fewer people buying new homes, forcing mortgage companies to do more with less.
Read More »MDA Automates Portfolio Risk Analysis
Wilmington, Delaware-based MDA Lending Solutions has announced the launch of ARTAdvisor from MDA MindBox. The technology platform provides risk management, from early risk detection through loss mitigation, by automating the review, analysis, and management of any size mortgage portfolio.
Read More »eMASON Announces Fannie Upgrades to Clarifire
Clearwater, Florida-based eMASON, Inc. has announced key product upgrades to its Clarifire application that the company says will provide increased flexibility and expanded capabilities. Clarifire now features certified Fannie Mae loss mitigation business rules for HomeSaver Advance and pre-foreclosure sale workout types, as well as a direct connection to Fannie Mae’s system of record, Home Saver Solutions Network (HSSN).
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