Technology

AllyConnect, a vendor and compliance management technology solution for the Property Preservation and REO space, recently announced it is offering free compliance document management and annual updating automation tools for all registered users of the service.

Chronos Solutions, a Coppell, Texas-based real estate financial services provider, announced a new offering Thursday aimed at providing lenders information that was recently removed from credit reports. Starting in July, national credit reporting agencies were no longer permitted to include liens and civil judgment data in their credit reports. The change came as the result of a civil action suit that claimed inclusion of lien and judgment data can wrongfully lower a consumer’s credit score by up to 100 points. The company set out to fill the void in lender information by offering a lien and judgment addendum to its Funding Suite Report.

Marsha Williams, a compliance expert at Mortgage Resources Group (MRG) will speak at two industry events this month. Williams will discuss “What’s Happening in Residential Mortgage Lending?” at the Texas Association of Bank Counsel Convention in Bastrop, Texas, which takes place September 21-22. She will also be part MBA's Risk Management, QA and Fraud Prevention Forum in Miami, September 24-26. Williams serves as senior attorney at MRG, which has been offering mortgage industry compliance solutions for more than 35 years.

HouseCanary, a San Francisco based real estate data analytics and valuation platform, announced today a commitment of $31 million in funding from investors, bringing the company’s total funding to $64 million since it was founded in 2014. Among the investors were Alpha Edison and PSP Growth, a division of PSP Capital, which was founded by former Commerce Secretary Penny Pritzker. HouseCanary also received additional investment from existing investors in its Series B funding. “Our vision continues to be validated by both the technology and real estate industries, and is further underscored by the support from PSP Growth and Penny Pritzker, one of America’s most prominent entrepreneurs and business builders,” said Jeremy Sicklick, CEO of HouseCanary.

Proctor Financial, a provider of lender-placed insurance announced how it will be helping efforts in southeast Texas due to Hurricane Harvey.

Ellie Mae, a cloud-based platform provider for the mortgage finance industry, announced it has signed a definitive agreement to acquire Velocify, a sales acceleration platform.

Ellie Mae, a cloud-based platform provider for the mortgage finance industry, has announced Dinesh Shahane as their SVP of Engineering.

Tuesday, the Committee on Banking, Housing, and Urban Affairs will meet in an open session for a hearing titled “Examining the Fintech Landscape.” See the details as well as what else is coming in The Week Ahead.

The Office of the Comptroller of the Currency released a statement Tuesday permitting national banks and federal savings associations to close if directly affected by Tropical Storm Harvey. The agency provided best-practice guidelines for dealing with the disaster.

Collateral trailing document management is a critical part of the mortgage post-closing equation, not to mention a required function for mortgage lenders. Take a look at a few tips that could make it more effective and efficient.