Technology

Leads360 Inc., a Los Angeles-based lead management software company, and NYLX Inc., a New York city-based provider of loan-eligibility and pricing systems, have announced an integration of their technology platforms. The companies said pricing information from NYLX (New York Loan Exchange) is permanently attached to leads in the Leads360 system once loans have been priced, allowing for "quick and easy retrieval" of pricing data as well as "instantaneous repricing" if circumstances change. "Based on extensive third-party research and our own proprietary data, we know that getting prospects on the phone and being able to provide loan packages without having to re-establish contact is a key driver for sales success," said Nick Hedges, Leads360's senior vice president of strategy. The companies said the partnership represents the first time that two large technology providers servicing mortgage brokers and lenders have fully integrated their platforms. They can be found online at http://www.leads360.com and http://www.nylx.com.

Eagan, Minn.-based AllRegs, which has been providing product and underwriting guidelines to the mortgage industry for nearly 20 years, has acquired Merit Matrix, a division of IntraPrise Solutions Inc. headquartered in Warminster, Pa. The terms of the deal were not disclosed. A source told MortgageWire that all Merit Matrix employees will be retained, while all the technology will be rolled into AllRegs' Loan Library offering. The acquisition of Merit Matrix allows AllRegs to round out its content available to mortgage bankers with more than 64 investors and nearly 3,000 loan products. The acquisition also allows for mortgage professionals to continue using their loan platforms and product and pricing engines for loan transactions, which are now able to receive data directly from AllRegs via direct XML data feeds. AllRegs is the exclusive provider of product and underwriting guidelines for Freddie Mac and Fannie Mae. The company can be found on the Web at http://www.allregs.com.

MRG Document Technologies, Dallas, has announced an alliance with Lydian Data Services, a Boca Raton, Fla.-based provider of end-to-end outsourcing services for mortgage operations. The alliance enables MRG to extend its Miracle document preparation system to customers of Lydian's origination fulfillment center who use Lydian's outsource capabilities to supplement or replace their own internal processes, MRG said. Through a custom interface created by MRG, Miracle upfront and interim disclosures and closing documentation can be accessed via the Lydian Exchange Network, which unites lenders and industry service providers. "By using MRG's customizable document preparation packages and Lydian Data Services' turnkey fulfillment capabilities, lenders can streamline their origination processes while maintaining full compliance with state and federal regulations," said Terry King, group chairman of MRG. The companies can be found online at http://www.mrgdocs.com and http://www.lydiandata.com.

Wolters Kluwer Financial Services, Minneapolis, and Fidelity National Information Services, Jacksonville, Fla., have announced plans to integrate certain Wolters Kluwer loan-modification systems and compliance content into the loss mitigation module of FNIS's servicing platform. The companies said the integration of Wolters Kluwer's Desert Document Services repository of standardized documents into the Desktop workflow, document, and expense management system of FNIS will enable servicers "to automatically generate federal- and state-compliant documents on a nationwide basis" and to customize loan modification documents and packages as needed. The Desktop loss mitigation module is available to all servicers and is integrated with FNIS's Mortgage Servicing Package platform and other servicing platforms, the companies said. The companies can be found online at http://www.wolterskluwerfs.com and http://www.fidelityinfoservices.com.

Primary Residential Mortgage Inc., Salt Lake City, has announced a partnership with Mortgage Success Source to provide PRMI branches nationwide with training and marketing resources to help increase originations. Mortgage Success Source is the umbrella company of a recent partnership between Mortgage Market Guide, LoanToolbox, and The Duncan Group. PRMI said its branch partners will have free access to MSS products and services such as the Mortgage Market Guide, a real-time source of market data, commentary, and advice; LoanToolbox PlatinumPro, an automated marketing system that helps originators communicate more effectively; the full LoanToolbox Suite (which will be available free for six months); and training conference calls every six weeks with mortgage consultants. PRMI can be found online at http://www.branchpartner.com.

Loans4Less.com Inc., an online mortgage brokerage based in Redondo Beach, Calif., has announced that its stock has begun trading over the counter on the Pink Sheets. The ticker symbol is LFLS. Loans4Less said it is exploring joint ventures, licensing, equity financing, and acquisition arrangements with third-party finance companies and major banks. The company can be found on the Web at http://www.loan4less.com.

ValuAmerica, Pittsburgh, a developer of settlement services technology, has announced a new release of its ValuNet xsp software aimed at preventing directed appraisals and ensuring compliance with federal valuation requirements. The system will also help lenders comply with a recent agreement on appraisals between the New York attorney general and Fannie Mae, Freddie Mac, and the Office of Federal Housing Enterprise Oversight, the company said. "It's the industry's worst-kept secret: some lenders apparently would rather face a fine from their regulators than risk alienating their commission-based loan officers by preventing them from meddling in the appraisal selection and review process," said Robert Murphy, chairman and chief executive of ValuAmerica. ".... Now that Fannie and Freddie have developed their new code, lenders should be looking for new ways not only to end appraisal pressure but to document their compliance." ValuNet xsp is designed to prevent loan officers from selecting or contacting appraisers by automatically selecting appraisers based on their licensing, skill levels, location, price, workload, and past performance, ValuAmerica said. The company can be found online at http://www.valuamerica.com.

The Mortgage Industry Standards Maintenance Organization has announced the release of the MXCompliance Title v2.3.2 Request and Response certification, the fifth MXCompliance certification available for integration in industry-related technology business practices. The certification "allows organizations working in the title insurance industry to affirm their support of, and compliance to, MISMO standards for the transactions that help mitigate losses and protect property owners' and lenders' financial interest in real property," said Harry Gardner, head of MISMO and vice president of industry technology at the Mortgage Bankers Association. MISMO, a not-for-profit subsidiary of the MBA, can be found online at http://www.mismo.org, and MXCompliance can be found at http://mxcompliance.mismo.org.

First American CoreLogic, a provider of property and ownership information, analytics, and services, has announced the release of a Web-based gateway to real estate information for title insurance companies. REiSource offers property profiles, new-homeowner and refinance lists, resale trends, mortgage leads, and custom reports. The Web portal "enables title companies to increase market penetration, streamline operational efficiencies, control costs, and maximize their return on investment," the company said. The "personalized, presentation-ready" property reports are based on CoreLogic's residential real estate database, which covers 97% of all real estate transactions in more than 3,000 counties in the United States, the company said. First American CoreLogic, a subsidiary of The First American Corp., can be found online at http://www.facorelogic.com, and the portal can be found at http://www.reisource.com.

Mortgage Builder Software Inc., a Southfield, Mich.-based vendor of loan origination systems, has integrated with First American Flood Data Services. The integration was designed to enable First American's flood certification process to flow seamlessly into Mortgage Builder's LOS, Mortgage Builder said. Users of Mortgage Builder software now have the ability to order a flood determination from within the system. The flood certificate is returned automatically with useful fields populated into the loan application. When requesting a flood certification in Mortgage Builder, a MISMO-compliant data file is transmitted to First American via Web services, Mortgage Builder said. The data returned includes the census tract identifier, metropolitan statistical area identifier, county code, and additional flood mapping fields indicating whether there is a flood insurance requirement. The vendors can be found on the Web at http://www.mortgagebuilder.com and http://www.firstam.com.