Technology

Pricing vendor Mortgage Pricing Systems has integrated its LEAP! application with Ellie Mae's Encompass LOS. This integration enables Encompass users to automatically export a loan file into LEAP! and return key product and pricing data back to Encompass with a few clicks. Mortgage Pricing Systems distinguishes itself from other product and pricing engine providers by giving Encompass users immediate access to pricing, eliminating the need for additional data entry on the LEAP! website. Qualified programs and pricing are displayed in seconds. Furthermore, by combining simple presentation with numerous sorting and filtering options, users can modify desired rate, price and program (agency, FHA and VA) on a single page without constantly re-qualifying a loan.

Financial marketing firm Victory Financial Group LLC has integrated PriceMyLoan's automated underwriting and loan pricing engine into their online mortgage lending platform, myTurboLoan. The integration between the two companies enables consumers to instantly prequalify and accurately price loans for their custom loan scenarios. Victory Financial Group maintains a network of over 30,000 financial planners and real estate agents. The company provides technology solutions to these professionals in the form of custom websites, online tools and search engine optimization services. myTurboLoan is a featured tool that is used by their network to provide instant loan qualification and rate quotes to their clients.

Wolters Kluwer Financial Services, Minneapolis, has acquired flood compliance solutions provider Stormwater Research Group, Austin, Tex. Terms of the agreement were not released. The deal allows WKFS to expand its presence in the flood determination field. Stormwater's products include basic and life of loan flood determination services. WKFS Settlement Services unit includes its own flood determination solution, PCi. Stormwater clients will get access to other PCi products including those that address compliance with the Community Reinvestment Act, the Home Mortgage Disclosure Act and other fair lending requirements. They will also have access to WKFS' financial crime control products plus an expanded suite of settlement services.

Farmington Hills, Mich.-based XSite Validation has launched a tool designed to evaluate overall "toxicity" in commercial loan pools. The tool can see into each and every commercial property loan in a portfolio, ranks all performing, non-performing and REO properties from "First to Worst," allows for quick reassessment of the concentration of types of properties within loan portfolios, and provides the "best use" evaluation of every loan portfolio property by presenting the top five potential uses of each property. For every property in a financial institution's portfolio, XSite uses its patent-pending XRI Scoring System, which assesses the "market viability of a property for its current or proposed commercial use, in conjunction with the financial institution's own loan grade/risk factors, to create a unique "Composite XRI Score." XSite's Composite XRI Score gives banks a single measurable that joins the financial viability and the market viability of the commercial property into one "go / no-go" decision-making factor.

Taylor, Bean & Whitaker said it is no longer able to offer online payments capabilities nor can it do automated payment deductions for those consumers whose loans it still services. Customers are asked to send a check by mail to the company to the attention of its cashiering department in Ocala, Fla. Since Aug. 4, a statement from TBW said, it has not taken any automated debit payments. For those who have already received notification that the loan was transferred to a new servicer, the statement said customers are to follow the instructions in the transfer notice. The statement also said TBW would "continue functioning in a reduced capacity until all loans have been transitioned to new servicers."

ComplianceEase has awarded four technology partners its highest certification level in recognition of their ability to help their customers prepare loan data for transmission electronically to state regulators through RegulatorConnect.org, the ComplianceEase automated compliance system selected by the American Association of Residential Mortgage Regulators to help improve oversight of the mortgage business. Lender Processing Services, Lender Support Systems, Mortgage Banking Systems and ProLender Solutions received the Platinum Partner Certifications at AARMR's annual conference in Savannah, Ga. Compliance Ease, a provider of compliance and risk management tools, introduced the certification program earlier this year to help lenders adapt to the new automated residential mortgage examination initiatives introduced by AARMR and the Conference of State Bank Supervisors. The certification requires recipients to provide its users with secure, one-click export of 100% of the loan information necessary for the examinations while also offering up-to-date, seamless loan-level compliance audits through Compliance Analyzer, another ComplianceEase platform.

First American Flood Data Services, Austin, has launched a new website dubbed FAFlood.com designed to give users efficient access to a range of flood determination services, products and information from a single source. The site introduces features and functions that include streamlined navigation, and aims to provide more useful tools and more detailed information about services offered. Features on the website, such as event schedules, legislative updates and upcoming map revisions are designed to make it easier for customers to track developments at First American Flood Data Services and within the flood risk management industry. Additional upgrades include a virtual tour of the First American Flood Data Services facilities.

First American CoreLogic, Santa Ana, Calif., has launched a free Apple iPhone application that enables individuals to view market data on over 140 million residential properties in the United States using their iPhone. The product, called RealQuest Home Value Pro, provides mobile access to First American's database of property data. Users of RealQuest Home Value Pro can view property values, foreclosure information and housing trends. Specifically, RealQuest Home Value Pro features include estimated home values for a given subject property and neighboring properties, nearby foreclosure data including pre-foreclosures, auctions and real estate owned (REO) properties; graphs of 12-month median home price trends, foreclosure rates and home sales trend activity; interactive maps to view estimated home values in a neighborhood; and sharing tools that enable real estate agents and homebuyers to save, organize and share properties in real time.

In preparation for RESPA changes, Plano, Texas-based RamQuest has launched 2010 HUD-1. RamQuest's 2010 HUD-1 is fully integrated, automatically transferring data from page 2 to page 3 of the new HUD forms and eliminating the need for duplicate data entry. And RamQuest's 2010 solution is flexible, integrating the new 2010 HUD-1 in tandem with the current HUD-1 form, enabling RamQuest customers to service their customers on an early RESPA adoption curve and their customers not yet ready to use the new HUD-1 and GFE forms.

Electronic process automation vendor SigniaDocs has expanded its service offerings around electronic loan modifications. With the additional capabilities, Dallas-based SigniaDocs said it is now capable of supporting virtually any loan workout program the industry supports. Most loan modifications negotiated by lenders and servicers are finalized by paper documents sent to defaulting homeowners in a process that is currently taking from 40 to 60 days overall to complete, according to SigniaDocs. With e-modifications, the documents are prepared and posted instantaneously in a secure Web-based environment, where the borrower can be talked through their content and click to sign the documents in minutes, the company said. Data gathered by SigniaDocs is showing that 50% of e-modifications are completed the same day they are approved, and over 80% are executed within two business days.