Technology

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.