Mortgage technology

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.

TSS Software Corp. added a transaction-based pricing option to its TitleSphere software-as-a-service for HUD-1 and Good Faith Estimate document preparation.

Document preparation vendor DocuTech will begin offering electronic doc management services through a partnership with provider Xerox Mortgage Services.

The following is an excerpt from the June edition of Mortgage Technology magazine. To read the full story and much more, download the latest free e-edition.

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.

Servicers for Fannie Mae and Freddie Mac will redo the foreclosure process on 1,250 real estate owned properties in Michigan, the result of an appeals court ruling in April that deemed Mortgage Electronic Registration Systems Inc. ineligible to use the state’s nonjudicial foreclosure process.

NovaStar Financial Inc., Kansas City, Mo., has completed its recapitalization program as its Series C Cumulative Redeemable Preferred Stock has been exchanged for nearly 44 million newly issued shares of its common stock and $1.6 million in cash.

Mortgage and real estate industry-related firms will be active in the annual reconstitution of the Russell Investments equity indexes, taking place after the close of markets Friday.