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Mortgage Software May 15, 2008
• Mortgage Alliance Canada
Obtaining a mortgage is one of the most paperwork-intensive endeavors that people will ever undertake. And for good reason. Before a lending institution is willing to hand over large sums of money, they want reasonable assurance they will be getting that money back, along with the interest that forms their revenue. To provide that assurance, applicants are expected to provide a wealth of financial information about themselves, essentially laying bare their lives for detailed scrutiny. -- MyFax,Steve Adams,Ottawa on 05/07/2008
• Mortgage Builder Software Partners with Optimal Blue
Partnership integrates LOS with product eligibility and pricing engine, enables lenders to lock online with investors -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 05/05/2008
• NYLX ADDS UNPRECEDENTED MARKET TRANSPARENCY FEATURES TO LOANDECISIONS
Originators and investors benefit from up-to-the-minute, 99.9995% accurate access to investor rate and guideline changes, plus several other enhancements to increase profitability -- NYLX,Info,Mt. Arlington New Jersey 05/05/2008
• ELLIE MAE ANNOUNCES ENCOMPASS v3.5 BANKER AND CUSTOM EDITIONS
New enhancements make it easier to increase compliance, save time and transact increasingly popular FHA products, all while improving security -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California 05/05/2008
• Origen Financial Announces Agreement to Sell Servicing Platform Assets to Green Tree Servicing LLC
Origen Financial, Inc. (NASDAQ:ORGN) , a real estate investment trust that is in the business of originating and servicing manufactured housing loans, today announced it has entered into an agreement for the sale of its servicing platform assets to Green Tree Servicing LLC ("Green Tree"), a leading servicer of manufactured housing loans, as well as other residential and consumer loans. Upon completion, the transaction will include the transfer of approximately $1.6 billion of manufactured housing loans. Proceeds from the sale would be used to retire a $15 million loan secured by the servicing assets, to partially repay a $46 million secured loan facility entered into in April 2008 and for working capital. As part of the sale transaction, Green Tree will assume the lease for Origen's Fort Worth, Texas servicing facility. -- Origen Financial,W. Anderson Geater,Southfield MI 05/01/2008
• FICS Promotes Susan Graham to President
Financial Industry Computer Systems, Inc. (FICS), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced today that it has promoted vice president of operations, Susan Graham, to president. Graham will now be responsible for the overall management of the company`s day-to-day operations, customer relations and product timelines and deployment. -- FICS,Kelly Graham,Addison Texas 05/01/2008
• UK SEO Company Launches New Pay As You Go SEO Service
Micrositez SEO Studio Celebrates Launch of `Pay As You Go SEO` -- Micrositez SEO Studio UK,Information,Glasgow LANARKSHIRE 04/29/2008
• Internet Fax Case Study - Mortgage Alliance Canada
Obtaining a mortgage is one of the most paperwork-intensive endeavors that people will ever undertake. And for good reason. Before a lending institution is willing to hand over large sums of money, they want reasonable assurance they will be getting that money back, along with the interest that forms their revenue. To provide that assurance, applicants are expected to provide a wealth of financial information about themselves, essentially laying bare their lives for detailed scrutiny. -- Protus™ IP Solutions,Info,Canada 04/25/2008
• Freddie Mac Names Sturgis Bank & Trust Company Subsidiary Oak Mortgage LLC as one of the Nation's Top Mortgage Servicers
Sturgis Bancorp, Inc. (BULLETIN BOARD: STBI.OB) , holding company for Sturgis Bank & Trust Company and its subsidiary Oak Mortgage, LLC, announced today Oak Mortgage, LLC was recently awarded Freddie Mac's prestigious 2007 Tier One Gold performance ranking for excellence in investor reporting and default management. Oak Mortgage was one of 26 mortgage servicing companies nationwide to meet this standard, according to Freddie Mac, one of the nation's largest investors in residential mortgages. There are approximately 1,500 lenders nationwide servicing loans for Freddie Mac. -- Sturgis Federal Savings Bank,Information,Sturgis Michigan 04/24/2008
• Myers Internet Announces Partnership With Mortgage Market Guide
Myers will be the exclusive distributor of the Consumer Market Update -- A-1 Loan World,Tara Jensen,MILWAUKEE WI 04/24/2008
• Lydian Data Services and Financial Crossing Announce Partnership That Delivers Turnkey Liability Management and Mortgage Fulfillment Solution
Partnership Provides Users With Seamless Service From Planning to Full Execution and Delivery of Mortgage Product PALO ALTO, CA and BOCA RATON, FL, April 22, 2008 – Financial Crossing, Inc. (www.financialcrossing.com), the leader in liability management solutions, and Lydian Data Services, LLC, the leading mortgage fulfillment and delivery outsourcing center in the nation, today announced a partnership to provide an end-to-end solution for their common clients. The partnership allows users of the Financial Crossing Liability Manager(SM) platform or Lydian Data Services to have a seamless user experience across both platforms. -- Lydian Data Services,Philippe Turpault,PALO ALTO CA 04/22/2008
• Wells Fargo Funding Accepts DocuSign Electronic Signatures for Loan Disclosure Documents
DocuSign, the leading Web-based electronic signature service, today announced that it has been selected as an approved electronic signature vendor for Wells Fargo Funding, a division of Wells Fargo & Company (NYSE: WFC: 29.25, -1.15, -3.78%). The DocuSign service enables loan originators working with Wells Fargo to greatly speed up the loan origination process by getting disclosure documents signed electronically, thus eliminating the time, expense and environmental impact of printing and delivering large stacks of paper documents. -- DocuSign,Info,Seattle Washington 04/21/2008
• Mortgage Builder Software’s Loan Origination System Integrates with First American Flood Data Services
Flood certification interface delivers mandatory loan data without leaving origination system -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 04/15/2008
• Intellidyn Mortgage Clients’ FHA Marketing Response Rates Consistently Exceed Industry Averages
iFreedom Direct and other lenders utilize Intellidyn’s innovative data intelligence and targeting services to sustain direct marketing campaign response rates -- Intellidyn.com,Gene Devine,Boston MA 04/11/2008
• SimplifileSM and Optical Storage Solutions Integrate eRecording Systems
In an effort to deliver industry-leading eRecording services to their mutual customers, Utah-based Simplifile, LC and Pennsylvania-based Optical Storage Solutions, Inc. (OSS) today announced that they have formed a strategic alliance for the purpose of integrating and cooperatively marketing Simplifile’s eRecording and OSS’ land record information and imaging management system, LANDEX. -- Simplifile, LC,Rob Moore,PENNSYLVANIA – 04/02/2008
• Zaio Launches Propertywise Qualified Appraisal Program
Company Partners with GMAC ResCap on New Technology Platform -- Zaio Corporation,Don Kelly,SCOTTSDALE az 04/01/2008
• MISMO® and PRIA Release IPR Disclosure Draft of Business Requirements for eRecording Electronic Recordable Instruments
MISMO, the not-for-profit data standards subsidiary of the Mortgage Bankers Association (MBA), and the Property Records Industry Association (PRIA) today published the IPR (Intellectual Property Rights) Disclosure Draft of a Business Requirements Document which addresses and describes the business requirements for the eRecording of electronic recordable instruments in common electronic document formats such as MISMO SMART Doc®, eSigned PDF and Adobe Intelligent Document Format, and Microsoft® Word with embedded-XML. The document, entitled eRecording Electronic Document Formatted Recordable Instruments, also includes business function descriptions, a process flow diagram and project assumptions, constraints, and dependencies. -- Property Records Industry Association,Stevie Hughes,Washington DC 03/28/2008
• Cogent Road Debuts Score Protection with Funding Suite
Automated credit proofreading tools eliminate additional inquiries, preserves existing scores -- Cogent Road, Inc.,Information,San Diego CA 03/26/2008
• LoanSifter Integrates With MortgageDashboard(TM)
LoanSifter, the industry`s leading product search and pricing engine for wholesale and correspondent brokers, announces its product is now tightly integrated with the MortgageDashboard Web-based loan origination system (LOS) offered by Austin, Texas-based VueCentric Inc. As part of its integration strategy, VueCentric will offer LoanSifter to its user base immediately. -- Loansifter.com,Loansifter,LITTLE CHUTE wi 03/24/2008
• Lender Lead Solutions Continues to Expand Nationwide Wholesale Platform
-Reverse mortgage leader hires team of new employees to support local broker partners- -- Lender Lead Solutions,Michele Baratta,MELVILLE NY 03/24/2008
• Washington County, Wisconsin Now eRecording Deeds with SimplifileSM
Working together to effectuate the electronic filing and recording of land record documents such as deeds and mortgages in the state of Wisconsin, Simplifile and the Washington County Register of Deeds Office announced today that the inaugural electronic recording (eRecording) of a deed in Washington County, Wisconsin occurred on March 10, 2008. The historic transaction marked the first time a deed has been electronically transmitted to and recorded by the Register of Deeds Office within the County. -- Simplifile, LC,Rob Moore,WASHINGTON COUNTY Wi 03/24/2008
• ELLIE MAE LAUNCHES CENTERWISE WEB AND DOCUMENT SOLUTION
Service offers unlimited electronic document management and an integrated retail web site to encourage e-origination -- Ellie Mae Inc.,David Lewis,Pleasanton California 03/20/2008
• CampusMBA Welcomes Four New ertified Mortgage Technologist (CMT) Designees to Its Ranks
CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced that four information technology professionals have earned the prestigious Certified Mortgage Technologist (CMT) designation over the past year. The announcement was made during MBA's annual National Technology in Mortgage Banking Conference in Dallas, TX. -- Mortgage Bankers Association of America,John Mechem,Dallas TX 03/20/2008
• Fannie Mae Contributes SMART Doc® Validation Patent to MISMO®
Intellectual Property Contribution Makes SMART Doc Validation Method Freely Available to Industry -- Mortgage Bankers Association of America,Carolyn Kemp,Dallas Tx 03/20/2008
• Innovative Aftermarket Systems (IAS) Selects EquityDriver as Bi-Weekly Payment Program
Principal Payment Network announced that Innovative Aftermarket Systems (IAS), a provider of F&I selling software and aftermarket programs, has selected EquityDriver as their bi-weekly payment provider. IAS will integrate EquityDriver into their SmartMenu application to provide a turnkey solution for their dealers. -- IAS, L.P.,Kris Wiley,Dallas Tx 03/18/2008
• The Mortgage Coach Releases Critical “Stimulus Package” for Loan Officers
Stimulus Package rescues loan originators from slow originations caused by worsening credit crunch, falling real estate values and the unprecedented and frequent changes to underwriting guidelines -- The Mortgage Coach,Mike Baker,Irvine California 03/18/2008
