Technology

Short sales and efforts to minimize losses are attracting a lot of market attention but one additional catalyst for change is fraud.

Warren, Michigan-based provider of commercial and residential mortgage default management solutions Five Brothers has introduced a new tool that helps speed up and simplify the preparation, delivery, notarization and tracking of all mortgage documents.

Hundreds of American Credit Union Mortgage Association members will convene on September 15-18 in Las Vegas to attend its national conference.

DocuLynx Inc., a provider of document archive and retrieval solutions, has acquired the docHarbor online and document management divisions of Anacomp, a company that specializes in business process solutions, for a purchase price of $27.5 million.

Regulatory changes continue to largely drive automation for those on the production side, especially when it comes to documents, according to executives at DocMagic Inc., Carson, Calif., which does business as Document Systems Inc.

MILFORD, CT—The TMS Funding wholesale division that Internet retail lender Total Mortgage Services expanded from a small test group to 17 states recently plans to continue to grow gradually but serve brokers efficiently using paperless processing once they sign on.

Automated mortgage compliance systems for anything from RESPA to taxes are in demand.After successfully testing its new Electronic Closing Network module for HUD, eLynx (a portfolio company of American Capital) said it will officially roll out the RESPA compliance enterprise system designed to connect lenders to the nation's largest title underwriters.

Again and again collateral risk industry concerns deriving from differences between appraisals and broker price opinions, and related fraud, are being solved by hybrid valuation options that some say are making more headway in the market.

CoreLogic has introduced a new short sale fraud prevention and pricing product that gives lenders alerts on what it calls "risky" pending and closed short sales.

PHH Mortgage Corp. is looking to increase the amount of business it does in its correspondent channel and a partnership with a technology provider has allowed the company to extend its reach without adding a massive account executive sales force.