Technology

Merscorp Holdings, Inc. announced Thursday that the U.S. District Court for the Eastern District of North Carolina ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS), JPMorgan Chase, and other MERS members in a recent case in which the plaintiff claimed the hidden purpose of MERS was to defraud borrowers and court clerks by hiding the true owners of secured interests in property.

Indecomm Global Services is now offering eRecording to lenders and title agents in more than 500 counties nationwide. The company passed the 500-county mark with the recent addition of all Hawaiian counties to the Indecomm eRecording roster. The company already offers paper recording in all U.S. jurisdictions.

Technology is ever-evolving, and it's transforming the real estate industry, generating volumes of information about how people approach and conduct real estate transactions. To help Realtors understand and interpret these trends, the National Association of Realtors (NAR) hired Todd Carpenter to fill a newly created position, managing director of data analytics.

PCV Murcor, a real estate valuations provider, announced the launch of ValuationsDirect, an online appraisal ordering platform designed specifically for mortgage brokers and correspondents. Appraisal reports ordered through the new platform are sent to local appraisers who have specific expertise in their markets and come with a certificate of appraiser independence.

Mortgage Connect has appointed its VP of sales to the newly created role of chief strategy officer. Cristy Ward has worked in the mortgage industry for 17 years and in that time has earned a reputation as a problem solver who develops innovative, tailored solutions for complex problems.

DocuTech Corp., a compliance and documentation technology company headquartered in Idaho, has partnered with Veri-Tax to automate the 4506-T IRS verification process in its flagship software ConformX. The company says this technology enhancement will help lenders to simplify the disclosure process while ensuring compliance with consumer protection regulations.

Dr. Amy E. Alving has been elected to Fannie Mae's board of directors, the GSE announced. Alving is a seasoned technology leader who has worked as chief technology officer of Science Applications International Corporation, director of the Special Projects Office at the Defense Advanced Research Projects Agency, and a White House fellow.

Lender Processing Services, Inc. (LPS) and KMC Information Systems (KMCIS) announced Friday that the two firms have teamed up to create an end-to-end foreclosure processing solution for loan servicers. The companies plan to integrate certain LPS technologies with KMCIS' CaseAware platform for attorneys and trustees to improve the efficiency and transparency of foreclosure processing.

ValuTrac Software, a software solutions provider to the appraisal management and mortgage lending industry, announced the hiring of David Yavorsky as the company's new chief information officer (CIO). Yavorsky comes to ValuTrac from a 13-year career at First American, where he held several senior level management positions.

Axios Valuation Solutions, a Fort Worth-based compliant appraisal services provider, announced the release of Desktop Appraisal, a new solution designed to combine the company’s technology and analytics with the expertise of local market appraisers to deliver compliant, reliable valuations.