Technology

  • Inland Real Estate Corp., a real estate investment trust based in Oak Brook, Ill., has been added to the Standard & Poor's SmallCap 600 Index.The company is also a constituent of the S&P REIT Composite Index. Inland can be found on the Web at http://www.inlandrealestate.com.

    October 4
  • Stewart Information Services Corp., Houston, has announced the formation of Stewart Lender Services as a re-branded operating division.Kevin Gugenheim, who previously served as president and chief operating officer of Stewart Mortgage Information, has been named president of the new division. Stewart Lender Services will use electronic order entry and vendor management technology platforms such as RealEC, which will be integrated with Stewart's fully deployed technology applications, including the AIM title production system, SureClose online transaction management, and the PropertyInfo.com real estate information Web portal. "Our new name more aptly describes our comprehensive suite of products and services that we provide to our mortgage lender customers and our attitude of service that drives every member of our team," Mr. Gugenheim said. The new division can be found online at http://www.stewartlenderservices.com.

    October 3
  • Cincinnati-based eLynx Ltd., a provider of secure Web services, has announced the acquisition of SwiftView Inc., a Portland, Ore.-based technology provider that helps companies capture, view, deliver, and print electronic documents.The terms of the deal were not disclosed. American Capital Strategies Ltd., whose portfolio includes eLynx and more than 180 other companies in a wide range of industries, will provide equity and debt financing for the transaction. The combined companies will offer a comprehensive range of services, including electronic and paper fulfillment, electronic disclosures, electronic signatures, electronic loan folders, and investor delivery, eLynx said. "The eLynx and SwiftView organizations are highly complementary to one another," said Phil Huff, president and chief executive officer of eLynx. "These synergies will enable us to rapidly advance e-business innovation and set the standard across financial services and a broad range of industries." The companies can be found online at http://www.elynx.com and http://www.swiftview.com.

    October 3
  • MRG Document Technologies, Dallas, has announced a partnership with ProLender Solutions Inc., a San Diego-based software provider to the mortgage industry, aimed at streamlining the loan closing process.The alliance links ProLender, ProLender's loan origination system, with MRG's Miracle DocPrep platform and fully automates the ordering of loan closing documents, according to MRG. "The interface developed by ProLender is a comprehensive 'push-button' system that compiles loan data and directly links to the MRG server, which yields a faster closing process," MRG said. The companies can be found online at http://www.mrgdocs.com and http://www.prolender.com.

    October 2
  • Homecomings Financial, a Minneapolis-based wholesale funding lender, says its mortgage brokers are now one step closer to a completely paperless mortgage process with the adoption of new Advectis BlitzDocs technology.Homecomings has selected BlitzDocs as its Web-based imaging system, which is now supporting more than 60% of the wholesaler's loan applications. BlitzDocs offers a secure collaborative electronic loan folder that is accessible simultaneously by the broker, underwriter, and account executive, Homecomings said. With each new application, the broker creates a loan folder, uploads, scans, or faxes in the documents, and submits the file to the branch for underwriting. The branch underwrites the loan and requests any additional conditions from the broker. When the broker submits new documents, the underwriting staff is automatically notified, eliminating delays and miscommunication in tracking down missing conditions, the company said. Homecomings Financial can be found on the Web at http://www.hfwholesale.com.

    September 29
  • San Diego-based DataQuick has announced the release of an aerial search component for its GoTitle property profile tool.The company partnered with Digital Map Products Inc. to create SkyView, an integrated aerial tool that lets GoTitle customers quickly locate properties visually. DMP's parcel map overlays enable the user to locate subject properties, zoom in and out to check the accuracy of the target property's location, and then print the aerial map image in a property profile, DataQuick said. Matchups of aerial photos with assessor parcel maps are used by real estate agents as a marketing tool and are increasingly used by county officials to track code violations and unpermitted construction. DataQuick draws information from a real property repository containing data on more than 87 million properties across the nation. DataQuick can be found on the Web at http://www.dataquick.com.

    September 20
  • Flagstar Bank and Ellie Mae have announced MISMO-compliant integration of Ellie Mae Encompass into Flagstar's Digital Document Transfer platform.The integration enables one-click electronic submission by brokers and correspondents of underwriting and closed-loan packages directly into Flagstar's electronic document management systems. According to the companies, Dublin, Calif.-based Ellie Mae is the first to use the advanced features of Troy, Mich.-based Flagstar's Digital Document Transfer platform. Transfer of SMART Document levels 3 and 4 (as defined by the Mortgage Industry Standards Maintenance Organization) allows for sound exchange of data and documents, the companies said. The platform's secure Web service enables two-way communication and immediate feedback of transfer success. More information about the Digital Document Transfer platform is available at ddtinfo@flagstar.com.

    September 20
  • Compliance technology provider PCi Corp., a Wolters Kluwer Financial Services company, has announced the release of its Peer Mortgage Data based on the Federal Reserve Board's 2005 Home Mortgage Disclosure Act data.Boston-based PCi said its annual release helps lenders benchmark themselves against their peers in terms of fair lending, the Community Reinvestment Act, and pricing patterns, "as well as identifying new business opportunities such as emerging and historically underserved markets." The announcement noted that, with the convergence of HMDA, CRA, and fair lending, "lenders will need to be well prepared for a review or compliance exam on any of these three fronts, since each area may have ripple effects on the other related areas." PCi can be found on the Web at http://www.pciwiz.com.

    September 20
  • Eagan, Minn.-based AllRegs, an online publisher of reference information for the residential mortgage lending industry, has unveiled an updated website and an enhanced version of its user application, AllRegs Online.One of the enhancements, proGuides, enables lenders to share their own product descriptions and underlying guides with their internal staff while providing branded versions to their brokers and correspondents. "This upgrade maintains the continuity of the user interface while improving its functionality, adding more content and providing new tools," said Glenn Ford, founder, chairman, and chief executive officer of AllRegs. The company said the upgrade also includes: AllRegs Academy, which offers classroom courses, distance learning, and MortgageMentor practical guides for various subjects; improved navigation and organization; new tools such as firstPass, for product selection and comparison, and a new online store for ordering products and training programs; reorganized federal compliance content; and a new, task-oriented home page in AllRegs Online. The company can be found online at http://www.allregs.com.

    September 18
  • Fidelity National Information Services Inc., Jacksonville, Fla., has announced an integration agreement between its Fidelity National Real Estate Solutions division and AutoRealty LLC, a Texas-based provider of software tools for real estate professionals.Under the agreement, direct integration between Fidelity's technology offerings and AutoRealty's real estate forms applications will be available to joint customers, allowing them to transfer data and documents from their AutoContract Gold (desktop) or AutoContract OnLine real estate contract forms to Fidelity's TransactionPoint transaction management platform. "Ultimately these integrated solutions enable our customers to strengthen their businesses by improving efficiency, reducing operational errors, and minimizing expenses," said Walt Clark, senior vice president of transaction management solutions for Fidelity National RES. The companies can be found online at http://www.fidelityinfoservices.com and http://www.autorealty.com.

    September 18