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National residential and commercial real estate services company LRES is now offering commercial evaluations through its recent acquisition of InsideValuation. According to LRES, these evaluation products contain thorough data and analysis to procure accurate and timely valuations for commercial properties. These [Read More]

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Platinum Data Solutions, a provider of valuation data and analytics technologies, says it has integrated its RealView technology with Ellie Mae’s Encompass all-in-one mortgage management solution. According to Platinum, the integration will allow lenders to order RealView appraisal-quality reports by [Read More]

Brookfield, Wis.-based mortgage lender Inlanta Mortgage Inc. says it has implemented the Web-based loan origination system (LOS) from LendingQB, a provider of mortgage loan origination technology solutions, into its business processes. “We have grown quickly in the past few years, [Read More]

The Community Development Trust (CDT), a New York-based real estate investment trust that provides capital for the preservation and creation of affordable housing, has announced its donation of a $1.2 million first mortgage loan to Detroit-area nonprofit Southwest Housing Solutions [Read More]

DebtX, a provider of third-party loan valuation services, has announced that the prices of commercial real estate loans underlying commercial mortgage-backed securities (CMBS’) increased in June. During the month, the estimated price of whole loans securing the CMBS universe rose [Read More]

A California man has been sentenced to prison for a mortgage loan modification scheme that defrauded homeowners in Connecticut and other states, according to an Associated Press (AP) report. Connecticut U.S. Attorney Deirdre Daily says 33-year-old Aria Maleki of Santa [Read More]

U.S. home prices increased 1.1% in May compared with April and increased 5.4% compared with May 2015, according to Black Knight Financial Services home price index report. The average price for a U.S. home was $263,000, an increase of 31.7% [Read More]

On average, homes are selling a week faster than they did a year ago, meaning home buyers should be prepared to move quickly in a competitive housing market, according to Zillow’s June Real Estate Market Report. The report states that tight inventory continues to [Read More]

U.S. home prices increased 0.2% in May compared with April and increased 5.6% compared with May 2015, according to the Federal Housing Finance Agency’s (FHFA) monthly home price index (HPI). The previously reported 0.2% increase in April was revised upward [Read More]

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From The Orb

PERSON OF THE WEEK: Brent Chandler is the founder and CEO of FormFree Holdings Inc., producer of AccountChek, an investor-accepted automated asset verification solution that collects and analyzes data directly from a borrower’s financial institution to help lenders save time, [Read More]

BLOG VIEW: A highly reliable source indicates there are more people wanting to buy homes than there are willing to sell them. The National Association of Realtors’ Housing Opportunities and Market Experience Survey from the first quarter of this year [Read More]

If you think the Home Equity Conversion Mortgage, or reverse mortgage, is a relatively new product, you had better think again.

PERSON OF THE WEEK: Leonard Ryan is founder and president of QuestSoft, a provider of automated compliance software to the mortgage banking industry. MortgageOrb recently interviewed Ryan to get his perspective on how lenders should go about preparing for the [Read More]

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