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Tag Archives: company-news

Valuation Vision Offers New Property Valuation Solution

Valuation Vision announced the use of their valuation technology and management platform to develop a new appraisal product solution, GEAR AP (GeoScore Evaluation/Appraisal Report). Valuation Vision has leveraged its advanced technology to develop the new GEAR product as a consumer-friendly, cost-effective alternative to traditional appraisal.

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VRM Mortgage Services Announces New Senior Vice President

VRM Mortgage Services, a real estate solution provider focused on helping financial institutions adapt and excel, announced that Brandon Kirkham has been named SVP of Operations Support. Kirkham will be responsible for managing resources, as well as developing strategies to support VRM's operations.

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Collateral Risk Solutions Announces New Product for Lenders

Collateral Risk Solutions (CRS) has launched its new Desktop Evaluation Service, providing a response to demand from lenders for a reliable and economic alternative to field appraisals. According to CEO Joel Meredith, the new technology offering was designed to provide a USPAP compliant appraisal option for home equity lines of credit, loss mitigation, and quality control that meets all inter-agency evaluation and appraisal guidelines.

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Cenlar Adopts TeleVoice Solutions to Aid Servicing Compliance

Are Mortgage Underwriters Exempt?

Out of Houston, TeleVoice, a provider of customized telephony applications, announced that servicing provider Cenlar FSB is now leveraging its Interactive Voice Response and Computer Telephony Integration solutions to aid its compliance efforts in light of the Consumer Financial Protection Bureau’s new mortgage servicing rules.

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Wells Fargo to Sell $39B MSR Portfolio to Ocwen

Ocwen's servicing segment is set to acquire mortgage servicing rights (MSRs) on a $39 billion portfolio from Wells Fargo, the two companies announced Wednesday. The loans underlying the MSRs in the portfolio are primarily in private label securities, the companies said, and they were not originated by Wells Fargo. They represent about 2 percent of Wells Fargo's total residential servicing portfolio as of the end of 2013.

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Berkshire Hills Completes Acquisition of BofA Branches in Central New York

deal closed, agreement, acquisition

Berkshire Hills Bancorp, Inc., announced Tuesday that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 retail bank locations from Bank of America, effective January 17, 2014. As a result of the transaction, Berkshire acquired approximately $450 million in deposits and $4 million in loans as of January 14, 2014, bringing the total number of branches in Berkshire's footprint to 91 across New England and New York.

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IDS Names Next VP of Business Development

Movers & Shakers, people

Mortgage document preparation vendor International Document Services, Inc. (IDS), in Salt Lake City, Utah, has hired Daniel Miller as VP of business development. With nearly 20 years’ experience in sales, Miller is responsible for overseeing IDS’ various partner integrations and new customer implementations, in addition to managing and growing sales in the western part of the United States.

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