Mortgage technology

DRI Management Systems has released a new portal to the DRI Office default servicing management platform aimed at providing better communication between real estate brokers and servicer asset managers in real estate owned property dispositions.

Zillow increased the expected price for common stock in its initial public offering to $16-$18, up from last week’s estimate of $12-$14, according to a new filing with the Securities and Exchange Commission.

Mortgagematch.com, the loan origination website launched late last year by Move Inc., is no longer pairing borrowers with loans and home listings.

Radian Guaranty Inc., Philadelphia, will accept Fannie Mae Desktop Underwriter Approve/Eligible and Freddie Mac Loan Prospector Accept/Eligible loans for mortgage insurance without the need for a separate underwriting decision by the company starting on July 11 as part of a series of guideline changes the company is making.

Equifax subsidiary The Work Number will begin providing mortgage lenders and other consumer credit underwriters verifications of employment and income for self-employed individuals.

Mortgagematch.com, the loan origination website launched in late 2010 by Move Inc., is no longer pairing borrowers with loans and home listings.

More technology developers are releasing new or updated software to help servicers comply with new single point of contact policies.

REO Allegiance launched mobile device applications for its property preservation contractors to monitor communication and provide real-time updates when they’re out in the field.

MISMO volunteers soon will begin creating a standard electronic document for the HUD-1 mortgage disclosure form based on the group’s new Version 3.1 Reference Model.

Commercial mortgage data provider Trepp acquired REITCafe, which hosts a website, e-newsletter and social media targeted to the real estate investment trust industry.

Appraisal management software provider Global DMS integrated its Global Kinex platform to the Uniform Collateral Data Portal, the technology recently launched to deliver appraisals to Fannie Mae and Freddie Mac.

Fort Worth City Credit Union has only one branch, which poses an efficiency and energy problem with loan document execution: the credit union has to either build new branches or require customers to drive long distances to sign paper documents in person.

In the wake of the collapse of the housing market and subsequent financial crisis, mortgage industry participants have recognized the need for loan-level data.

Most lenders and servicers likely may pay no mind to the work of the Mortgage Industry Standards Maintenance Organization's contingent of dedicated volunteers. They don't care how the technology works; they just want it to work.

Nancy Alley, the vice president of product services at Xerox Mortgage Services, will now lead the group as its general manager, replacing outgoing GM Greg Smith.

Lender Processing Services Inc.’s CEO and president Jeffrey S. Carbiener, is stepping down, effective immediately, for what the company said are significant health-related reasons.

After several setbacks and delays, the Uniform Collateral Data Portal is up and running.

Xerox Mortgage Services is set to host a free webinar to help mortgage industry participants better understand the appraisal components of the government-sponsored enterprises’ Uniform Mortgage Data Program.

Outsource vendors are offering custom fulfillment services, combined with loan origination technology, to small and midsize lenders.

The judging panel is making the final call for nominations to the 2011 Mortgage Technology Awards.All submissions must be received by July 8 at 6 p.m. Eastern.