Technology

Brookfield, Wisconsin-based Fiserv, Inc. has added management of indirect and third-party loans to its loan servicing platform. The company explained that this single-platform capability broadens the spectrum of loans to be processed and provides online, real-time back-office transactions for financial institutions’ diverse portfolios.

Livonia, Michigan-based ELK Software LLC, a short sale and loan modification software and services provider for the industry, has released version 1.5 of its Web-based Short Sale Commander technology. Among the system’s enhancements are upgrades that simplify data entry and allow users to run a completely paperless short sale business.

Bensalem, Pennsylvania-based ISGN Corporation, a global provider of mortgage solutions and technology products, has announced several new enhancements to its LenStar technology, a web-based attorney and referral communication system for the default management market.

Kroll Factual Data and MIAC Analytics have announced an alliance to provide whole loan collateral risk assessment to mortgage investors and risk managers. Colorado-based Kroll Factual Data is a provider of business information solutions to mortgage lenders, consumer lenders, property management firms, and other financial organizations.

Denver-based LenderLive Network Inc., a company that provides business process outsourcing and technology to the financial industry, announced the expansion of its quality control services to support increased demand from clients for Federal Housing Administration (FHA) loans.

At the 2009 Mortgage Bankers Association (MBA) Mortgage Servicing Conference in Tampa, Florida, on Tuesday, Titanium Solutions, Inc., a provider of homeowner contacting and consulting services, announced the launch of HomeTouch.

ProVest LLC, a national process server management company for the default servicing industry, announced that it is working with 16 of the top 20 mortgage servicers as well as a government-sponsored enterprise (GSE) to locate delinquent homeowners that the companies have been unable to contact.

Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, announced today at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo in Tampa, the addition of two new clients to its Asset Disposition and Management Services (ADAM) division.

Overture Technologies, a provider of lending decisioning solutions, and SigniaDocs, a technology service provider for the mortgage industry, announced the creation of a joint offering on Friday that the companies say will speed servicing of distressed mortgages, reduce repeat default rates, and improve transparency.

Treasury Secretary Timothy Geithner outlined the Obama administration’s economic recovery strategy on Tuesday – dubbed the Financial Stability Plan – and on Wednesday, Geithner was called before Congress to defend the tactics he proposed.