Technology

Mortgage Technology Magazine: January 2011M&A — Tech firm investments and acquisitions pick upLOS for Little Guy — Vendors find new customers in small lendersE-Mortgage — New open technology could promote adoptionQuality Control — Q&A with ARMCO CEO Avi Naider

Property valuation technology developer Veros said its VeroSELECT valuation management platform has been updated to interface with the Uniform Collateral Data Portal, the still-pending technology platform the government-sponsored enterprises will use to accept appraisal data on mortgages they purchase.

Credit Union Mortgage Association (CUMA) has closed its first HarmonyLoan, a mortgage that allows consumers to reset their interest rate with the click of a mouse, foregoing additional closing costs and lengthy processing.

Fannie Mae’s latest homeowner outreach program is a website with links to resources and information for borrowers who want to avoid foreclosure.

Chase Bank has donated $100,000 to Hope LoanPort, the nonprofit manager of a Web-based tool housing counselors use to help distressed borrowers apply for mortgage modifications.

After officially announcing late Tuesday that it completed the purchase of the MacDonald, Dettwiler and Associates U.S. and U.K. property information business, San Francisco-based private equity group TPG Capital appointed a longtime Wolters Kluwer CEO to run its new acquisition.

Mortgage technology developer Ellie Mae purchased the intellectual property, technology and other assets of Mortgage Pricing Systems, developer of the Loan Eligibility and Pricing, or LEAP, mortgage product and pricing engine.

Mortgage technology developer Ellie Mae purchased the intellectual property, technology and other assets of Mortgage Pricing Systems, developer of the Loan Eligibility and Pricing, or LEAP, mortgage product and pricing engine.

The sale of the MacDonald, Dettwiler and Associates U.S. and U.K. property information business to private equity group TPG Capital will close Tuesday, multiple sources confirmed to Mortgage Technology.

Small business owners facing a multitude of challenges both financial and non-financial have to rely on affordable technology that helps increase operational efficiency.Mike Gordon, vice president of the FICO banking industry practice, a provider of decision management solutions expects to see banks intensify their overall growth efforts and improved operational efficiencies. Lender servicers are now facing the need to improve customer relationships and collections’ management in times when unemployment and delinquency rates are at record highs.