Real Integrated Technology LLC will release Commercial Site Inspector 2.0 (CSI), including upgrades to the standard-setting mobile site inspection platform, during the second quarter of 2013.  RIT has unveiled CSI University, providing education, advice and video tutorials to users on how to maximize the CSI platform, as well as improved workflow and billing management functions.  On the heels of the MBA Servicing and Technology Conference, RIT will also release additional features and improvements including MBA content and standard forms, as well as enhanced photo optioClick to continue

Aklero Risk Analytics Inc. and NYLX have announced that the companies have signed an agreement to merge. The combined entity, LoanLogics, launches as a recognized leader in performance and loan quality analytics. The company has 450 clients and more than 20,000 users and offers proven technology, compliance and risk expertise, and strong industry leadership to improve the transparency and reliability of loan assets through life of the loan. Howard H. Conyack, founder and CEO of NYLX, will serve as chairman and founder of LoanLogics. Brian K.Click to continue

The Mortgage Bankers Association (MBA) has released "Up-Front Risk Sharing: Ensuring Private Capital Delivers for Consumers," a concept paper suggesting the Federal Housing Finance Agency (FHFA) require Fannie Mae and Freddie Mac to offer risk sharing options to lenders at the “point of sale” rather than on the back end after loans have been delivered to the government-sponsored enterprises (GSEs).Click to continue

Bay Equity Home Loans has been approved by Freddie Mac as a direct lender. Chartered by Congress in 1970 and commonly known as Freddie Mac, the FHLMC mission is to provide liquidity, stability and affordability to the U.S. housing market. Approved lenders can help people get lower housing costs and better access to home financing.Click to continue

As Congress debates comprehensive immigration reform, the National Association of Home Builders (NAHB) called on lawmakers to establish a fair and workable verification system for all businesses. Participating in a congressional roundtable discussion on the impact of the mandatory E-Verify electronic employment verification system on America's small businesses, NAHB Chairman Rick Judson said that such a system must "be fair and efficient, and not impose significant burdens on employers." The roundtable was held by the Senate Committee on Small Business and Entrepreneurship.Click to continue

Nationwide Title Clearing Inc. (NTC) has released a new white paper that outlines the 10 hottest issues that mortgage loan servicers must consider when undertaking the lien release, the last step in the mortgage loan servicing process. The new white paper is entitled, “Best Practices for Managing a Lien Release Partner” and is available now on the company’s Web site. NTC put compliance at the very top of its critical issues list.Click to continue

A Bergen County, N.J. woman has been indicted for her role in a long-running, large-scale mortgage fraud scheme that caused millions of dollars in losses, U.S. Attorney Paul J. Fishman announced. Klary Arcentales of Lyndhurst, N.J., was charged in a five-count indictment with one count of conspiracy to commit bank fraud and four counts of bank fraud, all of which caused losses of at least $2 million.

According to the indictment and other documents filed in this case:Click to continue

LendingQB has announced that it has implemented the mortgage insurance (MI) companies’ full set of underwriting guidelines into its automated underwriting system (AUS). As a result, MI eligibility and pricing is automatically calculated and paired with the investor’s underwriting decision for a complete and accurate decision that is rendered instantly at the point-of-sale (POS).Click to continue

The Consumer Financial Protection Bureau (CFPB) has launched its Spanish language Web site. The site, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to consumers’ frequently asked questions. “The CFPB is dedicated to being as accessible as possible for the greatest number of consumers,” said CFPB Director Richard Cordray. “CFPB en Español can be a trusted resource for Spanish-speaking consumers looking for clear information on consumer financial products and services.”Click to continue

WFG National Title Insurance Company has named Deborah Everett as senior vice president, compliance and licensing. WFG National Title is a full service provider of title insurance and real estate settlement services for lender, commercial and residential transactions nationwide.Click to continue