Technology

Dorado Corp. has received a Notice of Allowance from the U.S. Patent and Trademark Office for the method it created for processing a loan application (including mortgages). The notice means the government is likely to issue a patent.

Online auction house Countdown To Buy, Bethel, Conn., has entered into its first private label deal, signing on Diamante Cabo San Lucas, a high-end golf resort.

Technology provider DataVerify has enhanced its enterprise-wide fraud management platform, DRIVE, to help mortgage lenders identify and avoid potential short sale and property flipping losses.

MERSCORP, Inc. has added a new certified vendor of digital certificates for identification and signatures to its website.

In order to deal with ever-changing regulations at the local, state and federal levels, it is important that lenders be able to stay on top of the changes and, if necessary, to update their systems quickly and accurately to comply with applicable law on their effective dates.

During the height of the mortgage boom, generating origination business all but took care of itself. Rates were low, volumes were high and the greatest challenge lenders faced was simply trying to keep their heads above water amidst a flood of new business.

CoreLogic subsidiary Teletrack Inc., Norcross, Ga., introduced LendOptix, a risk valuation tool that offers borrower payment risk scoring based on credit performance data from Teletrack and other credit reporting databases.

The number of people who believe paperless mortgages could be just a few years away from a 50% penetration of the market has grown in the last two years, according to a survey on the topic that is done roughly every other year.

Big banks are showing more interest in outsourcing, according to Fidelity National Information Services Inc., Jacksonville, Fla.

First American Title Insurance Co., Santa Ana, Calif., is merging its National Lenders Advantage and Equity Loan Services units into a new Mortgage Services division.