Technology

The latest briefs from the world of mortgage technology…The Work Number Offers Automated Verification ToolsThe Work Number released new automation tools for its employment, income and borrower financial information verification services.

A California mortgage lender says its partnership with a technology and warehouse funding provider made it the first to use a warehouse line of credit to originate a fully electronic mortgage and sell it directly to a government-sponsored enterprise. The transaction represents a unique mortgagee/warehouse lender relationship that’s rarely seen in the mortgage industry. If it catches on, it would represent a dynamic shift in how warehouse lenders operate.

There are a number of unique requirements for appraisal companies operating in the reverse mortgage space and to meet those demands valuation firms are turning to technology.

MacDonald Dettwiler and Associates agreed to a deal to sell its property information business to San Francisco-based private equity investment group TPG for $850 million.

In its first full quarter as a standalone company, CoreLogic reported a net loss of $93.4 million, the result of a $174 million impairment charge related to its employer and litigation services businesses. It took in revenue of $484.3 million.

Some final tech thoughts from last week’s MBA Annual and this week’s round up of mortgage tech briefs…Tech BuzzOne of the most widely voiced frustrations of tech providers and lenders alike is the Internal Revenue Service’s wet signature requirement on the Request for Transcript of Tax Return, commonly known as Form 4506-T.

Loan origination software developer Calyx made upgrades to two of its platforms and launched a new social media marketing outlet.The Dallas-based technology company released version 7.3 of its Point desktop LOS and PointCentral, the client server application version of the LOS.

Declines in home sales are impacting the volume and value of real estate sales for brokerages across the country. Tree.com, the online lending and real estate listing provider, is responding to drops in its home sales business with a new strategy to franchise its Web-based brokerage to local brokers.

The Work Number, a service of Equifax, and a source for employment, income and deposit verifications, has launched two new automated products: AuditChek and AccountChek.

Mortgage vendor Lender Processing Services, Jacksonville, Fla., late Thursday named Tom Schilling its executive vice president and chief financial officer.