Technology

BRES Advisors, Inc. on Monday launched a new analytical application, REOlyticsT, which models future behavior of residential assets by taking into account local market models, future absorption rates, and other factors.

Emery Federal Credit Union, Cincinnati, will become the first lender to provide mortgages through a new online origination and pricing platform being launched by NeighborWorks America, a nonprofit that focuses on housing issues.

The Oklahoma City-based technology developer a la mode reorganized its company, splitting into two divisions that will focus on technology services for the real estate and mortgage sectors.

The latest briefs from the world of mortgage technology…New ISGN Software Manages Escrow AccountsBensalem, Pa.-based ISGN launched a Web-based software for lenders to create and manage escrow accounts for borrowers.

CoreLogic’s new fraud detection software takes a page from the techniques credit card companies use to detect trends and stop fraud before it starts.

The first new mortgage origination technologies created in response to Fannie Mae’s Loan Quality Initiative are starting to appear on the market, giving lenders the ability to access new Fannie Mae services conveniently through existing loan origination systems.

With all of the changes that were taking place in the regulatory environment in 2009, as well as the proposed changes coming on in 2010, in September of last year Victorian Finance was looking for a system that would be “more automated” than what it was currently using.

Buybacks and other foreclosure crisis-related concerns are changing the mentality of originators. And nobody can see it more clearly than vendors who are trying to keep up with their clients’ mortgage technology needs.

A widely used third-party registry of mortgage assignments has found itself in the center of “foreclosure-gate,” amid allegations that its service is part of the greater issue of faulty or even illegal foreclosure practices plaguing the lending industry.

Two mortgage software companies plan to move forward with development on platforms to integrate third-party software into their loan origination systems.