The latest briefs from the world of mortgage technology…
The Work Number Offers Automated Verification Tools
The Work Number released new automation tools for its employment, income and borrower financial information verification services.
AuditChek automates direct retrieval and authentication of previously executed Request for Transcript of Tax Return (Internal Revenue Service Form 4506-T) tax transcripts, Social Security Administration identity verification and proof of employment and income.
The AccountChek technology automates deposit and asset verification by providing an electronic confirmation of a borrower's account balance and analysis of transaction history and eliminates the direct manual interaction of the borrower's banking or other financial institution.
The Work Number is a subsidiary of consumer credit reporting agency Equifax. It provides outsourcing of income and employment verification services for employers and has a database of more than 200 million employment records.
Wipro, Mortech Integrate Software
Loan origination system provider Wipro Gallagher Solutions integrated Mortech’s product and pricing engine technology to its platform.
Lenders can access Mortech’s Marksman PPE directly from within the WGS NetOxygen LOS environment to compare real-time pricing quotes from multiple investors for any type of loan program.
When an appropriate loan product is selected, the information entered into Marksman transfers to NetOxygen, eliminating dual data entry. By enabling lender employees to multitask when comparing products, the origination process is faster and lenders can benefit from increased conversion rates, the two companies said.
Mortgage and Real Estate Calculator Apps Come to iPhone
Calculated Industries, the Carson City, Nev.-based producer of specialty calculators, released smartphone applications of its mortgage and real estate calculators for the iPhone.
The company’s handheld calculators include special buttons used to determine mortgage- and real estate-specific calculations. That technology was developed in a smartphone-friendly format for the two apps. In addition, both apps let users build amortization and loan worksheets and e-mail them directly to clients.
The company previously released an iPhone app of its construction calculators and also produces specialty calculators and measuring devices for the architecture, education, engineering and payroll accounting industries, as well as for home projects, cooking and quilting.
IndiSoft Adds E-Sigs to Default Doc Tech
Indisoft’s RxOffice default management software now supports handwritten, digital signatures through a partnership the Columbia, Md.-based firm made with Computime, the St. Louis-based subsidiary of Simi Valley, Calif.-based Topaz Systems.
Computime manufactures the type of devices most commonly seen in retail stores that allow credit card customers to digital sign credit card receipts. RxOffice customers can purchase Computime devices and load digital signatures onto digital documents like Request for Modification and Affidavit and 4506-T forms without the steps of printing the forms, applying an ink signature and scanning the forms back into the system. The RxOffice software is programmed to remove the signature if anything on the document is changed.
StreetLinks Completes Corvisa Acquisition
Appraisal management company StreetLinks completed its acquisition of mortgage software and appraisal management technology Corvisa.
The acquisition gives Indianapolis-based StreetLinks control of CorvisaOne, a mortgage management suite that includes appraisal management, business intelligence analytics, closing calendar management, payment processing and other features. It also gives the AMC a self-managed appraisal independence software StreetLinks can sell to lenders instead of, or in addition to its appraisal services.
