Residential Mortgage – Page 415

PowerSeller GPS Now Available From Associated Software Consultants

Posted by Orb Staff on October 17, 2007

Associated Software Consultants Inc. (ASC), headquartered in Middleburg Heights, Ohio, has launched PowerSeller GPS, a technology tool designed to help small to mid-tier mortgage bankers and brokers grow secondary marketing operation profits by streamlining marketing activities, improving communication among stakeholders [Read More]

Fiserv Acquires BancIntelligence

Posted by Orb Staff on October 17, 2007

Fiserv Inc., a Brookfield, Wis.-based provider of information technology services to the financial industry, has acquired BancIntelligence, an online provider of automated analysis and Web-based strategy development to financial firms. Founder Steve Cotton and the entire management team will remain [Read More]

FIS, Compass Analytics Integrate Tools

Posted by Orb Staff on October 17, 2007

Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) and Compass Analytics LLC have integrated FIS' Applied Analytics prepayment model into Compass Analytics' mortgage analytics solution, CompassPoint. Through the integration, FIS' customers will now have access to CompassPoint's prepayment models for [Read More]

Veros Launches Valuation Review Management System

Posted by Orb Staff on October 17, 2007

Santa Ana, Calif.-based Veros Real Estate Solutions, a provider of collateral risk analytics and decision systems, has released its new valuation review management (VRM) system – a fully automated product that is designed to centralize and streamline complex workflows. For [Read More]

Lenders One, Encomia Enter Marketing Partnership

Posted by Orb Staff on October 17, 2007

Lenders One, a St. Louis-based national alliance of independent mortgage bankers, and Houston-based Encomia, a provider of end-to-end e-mortgage technology, have launched a marketing partnership aimed at providing Lenders One members with electronic disclosures technology. Through the partnership, Lenders One [Read More]

Amcat Adds CRMnow System To New Customer Contact Suite

Posted by Orb Staff on October 16, 2007

Amcat, an Oklahoma City-based provider of customer interaction solutions, has introduced a new product that combines CRMnow's Mortgage iQ system with Amcat's Contact Center Suite, a customer contact system. According to the company, the Amcat outbound capability uses records selected [Read More]

Clayton Holdings Presents Clarity For Due Diligence

Posted by Orb Staff on October 16, 2007

Clayton Holdings Inc., headquartered in Shelton, Conn., has introduced Clarity, a new due diligence process designed to provide loan buyers and securitizers with increased insight into the risk profile of portfolios at the time of purchase, as well as a [Read More]

R-Home Mortgage Program For “Thin-File” Borrowers Introduced

Posted by Orb Staff on October 16, 2007

CitiMortgage Inc., The First American Corp., Neighborhood Housing Services of America (NHSA), Just Price Solutions (JPS) and State Farm have partnered to offer the R-Home mortgage program, which is designed to make 30-year fixed-rate mortgages available to eligible District of [Read More]

Veros Releases Real Estate Market Forecasts

Posted by Orb Staff on October 15, 2007

Veros Real Estate Solutions, headquartered in Santa Ana, Calif., has released its latest quarterly forecast results for the third quarter of 2007 through the second quarter of 2008 – revealing the strongest and weakest markets in residential real estate. According [Read More]

Seniors’ Home Values Exceed $5 Trillion

Posted by Orb Staff on October 12, 2007

The value of homes owned by Americans age 62 and over increased slightly during the second quarter of 2007, but senior home equity declined slightly, according to the National Reverse Mortgage Lenders Association's Reverse Mortgage Market Index (RMMI). The RMMI [Read More]

MBA Study: Mortgage Banking Production Profits Fall

Posted by Orb Staff on October 11, 2007

According to the Mortgage Bankers Association's (MBA) annual cost study, mortgage banking production profits fell to -$50 per loan in 2006 from +$258 per loan in 2005. While production revenues increased on a per-loan basis, this increase did not keep [Read More]

FIS Releases HQ Certified Valuation

Posted by Orb Staff on October 11, 2007

Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) has rolled out FIS Valuation Solutions' HQ Certified Valuation, an end-to-end appraisal solution that combines speed, accuracy and economical cost to satisfy the valuation needs of loan originators, servicers and capital markets [Read More]

Business Process Outsourcing From First American

Posted by Orb Staff on October 10, 2007

The First American Corporation, Santa Ana, Calif., has released MortgageBPO, a new business process outsourcing solution that combines flexible domestic and offshore configurations, scalable staffing options and technology development support for cost-effective mortgage processing. The new solution is part of [Read More]

Mavent, Digital Risk Tackle Regulatory Compliance

Posted by Orb Staff on October 10, 2007

Mavent Inc., an Irvine, Calif.-based provider of automated regulatory compliance solutions, has integrated with Orlando, Fla.-based Digital Risk LLC, a risk mitigation solutions company, to provide precise and efficient regulatory compliance risk management reviews. Mavent provides automated regulatory compliance risk [Read More]

FIS Launches Transaction PRO Analysis Tool

Posted by Orb Staff on October 10, 2007

Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) has introduced Transaction PRO, an automated risk analysis and fraud prevention tool for mortgage loan transactions. Transaction PRO, developed by FIS' valuation solutions division, combines speed, state-of-the-art technology and one of the [Read More]

BasePoint Offers Early Payment Default Tool

Posted by Orb Staff on October 09, 2007

BasePoint Analytics, Carlsbad, Calif., has developed BasePoint EPD alert, a pattern recognition solution designed specifically for predicting the risk of early payment default on mortgage loans. According to the company, the tool delivers a statistical pattern recognition score designed to [Read More]

SearchMyLoan, Flagstar Partner For Loan Production

Posted by Orb Staff on October 09, 2007 (SML), a provider of loan-search and pricing services, has announced an agreement with Troy, Mich.-based Flagstar Bank, a national mortgage wholesale lender, to provide an exchange of rates, pricing and loan program information to users of the pricing [Read More]

First American LoanPerformance Enhances Access To Data

Posted by Orb Staff on October 09, 2007

San Francisco-based First American LoanPerformance has enhanced TrueStandings Securities, a Web-based business intelligence platform that provides loan-level access to First American LoanPerformance's securities database – which contains over $2 trillion in mortgage transactions representing 85% of active nonagency-securitized mortgages. Enhancements [Read More]

Mortgage Lending To Minorities Down Seven Percent

Posted by Orb Staff on October 08, 2007

According to the 2007 Annual Minority Lending Report, compiled and released by Compliance Technologies and Genworth Financial, mortgage lending to minorities was down 7% in 2006. The only exception was among African Americans, which showed an increase of 0.6% over [Read More]

Raymond James Bank Secures LoanQuest

Posted by Orb Staff on October 08, 2007

Raymond James Bank has purchased the LoanQuest residential lending system from MortgageFlex Systems Inc. of Jacksonville, Fla. LoanQuest is a customer-centric loan origination system that automates all functions inherent to the loan origination process, taking a loan from pre-qualification all [Read More]