Archive for the ‘Products and Programs’ Category

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Altisource Portfolio Solutions, a provider of knowledge process services related to real estate mortgage portfolio management, asset recovery management and customer relationship management, announces the addition of short sale and deed-in-lieu services to its line of services available to mortgage lenders and servicers. The expansion leverages Altisource’s 20 years of experience in default and asset management to provide lenders and servicers with another essential component to enhance their loss mitigation programs.Read more

DRI Management Systems Inc., a provider of default process management software, has announced its new Web-based loan servicing application for the mortgage industry, Rincon. The Rincon platform sets new standards for performance in default management software, a technology segment virtually created in 1985 by DRI and its Chief Executive Officer Duke Olrich, during the savings and loan crisis. Back in those pre-Internet days, the levels of functionality now available in Rincon could only be imagined.Read more

Generation Mortgage Company has announced a new 4.99 percent fixed interest rate reverse mortgage product, offering seniors a long-term lower interest rate option. "We want to give senior homeowners as many alternatives as possible to enable them to stay in their house," said Scott Peters, president and chief executive officer of Generation Mortgage. "And with such a fragile state of our nation’s economy, home equity remains a top financial asset for seniors and Baby Boomers."Read more

Nationwide Title Clearing (NTC), a service provider to the mortgage and financial industry, has unveiled its mobile imaging offering to mortgage lenders and servicers to help them when they need it most. In the event of an emergency seizure by the Federal Deposit Insurance Corporation (FDIC), government-sponsored enterprises (GSEs) or another investor because of concern over the solvency of the original institution, NTC’s mobile imaging team has the capability to go where the loan files are located before the final settlement of a loan transfer occurs.Read more

QuestSoft, a provider of mortgage compliance software and services for lenders, will integrate its Compliance EAGLE platform into Greenwood Village, Colo.-based Blueberry Systems‘ RELAY loan origination software (LOS). The partnership improves data integrity by eliminating the need for users to properly identify and port the correct data between the two systems, enabling a seamless method for ordering and processing compliance reviews.Read more

Altisource has announced the release of REALSynergy’s newest optional module, the General Ledger Interface. REALSynergy, a commercial real estate loan servicing platform, now provides the ability to consolidate transactions according to a client’s existing general ledger chart of accounts. The new interface increases the speed, ease and accuracy of transferring information from REALSynergy to an outside general ledger accounting system.Read more

Document generation with Docu Prep has just become a whole lot easier and more flexible. Recent updates to Docu Prep’s “MyPortal” will now allow customers to create and edit initial and closing documents as well as other functions in one usable site. In this update, users get Web-based document generation that ties directly to electronic signature (initial disclosure and closing documents), reporting, and auditing in a comprehensive approach.Read more

NYLX, a provider of automated mortgage data applications and solutions, has announced a partnership with MBSQuoteline to incorporate streaming real-time Mortgage-Backed Securities (MBS) and Treasury prices, market news and analysis, and an economic events calendar into its LoanDecisions product eligibility and pricing platform. Users will be provided a dashboard of summary MBS market data, and access to the rich information services provided by MBSQuoteline.Read more

Mortgage Contracting Services (MCS), a nationwide property preservation and inspection services provider to the financial services industry, has launched Broker360, a Web-based portal that allows real estate-owned (REO) brokers to access the status of preservation work completed by MCS. With inbound and outbound communication capabilities, the portal enables brokers to submit information and bid requests in addition to receiving electronic notifications regarding the properties they manage.Read more

Wolters Kluwer Financial Services has announced the launch of its new RESPA Post-Implementation Audit Service. Through the service, the company’s compliance and risk management professionals can help banks and credit unions effectively and efficiently comply with recent changes to the Real Estate Settlement Procedures Act (RESPA). Since the RESPA revisions took effect on Jan. 1, financial institutions have identified several common challenges in complying with them.Read more