Equi-Trax Asset Solutions LP, a national collateral valuation provider, has announced it has promoted Danielle Drewisch to the position of director of client relations. “I enjoy the challenge and the opportunity of this new position," said Drewisch. "It affords me the opportunity to use my title and escrow experience to help our clients and vendors."Read more

RealtyBidNow.com, an international online real estate auction company of private realty group Weichert Realtors, has selected Docu Prep Inc. to provide their real estate and mortgage documents in conjunction with Docu Prep’s Entire Electronic SignatureRead more

Pro Teck Valuations Services, a real estate valuation and risk solutions provider, has announced the expansion of its services by offering a configurable Appraisal Order Portal for wholesale and retail mortgage origination. The platform, already in use by top national mortgage wholesalers, is designed to meet the national appraisal needs of the market; including regulatory, investor and Home Valuation Code of Conduct (HVCC) requirements.Read more

Impac Mortgage Holdings Inc., a Maryland corporation, has reported earnings of $10.8 million (excluding preferred stock dividend of $7.4 million) during the year ended 2009, as compared to a loss of $44.7 million in 2008. Also, in 2009, the company completed a purchase of 4.4 million shares of its preferred stock. As part of the purchase, which is considered a redemption for purposes of determining earnings per common share under GAAP, the company paid $1.3 million plus the dividends referred to above.Read more

CCG Catalyst, a Phoenix-based bank consulting firm providing strategic guidance for financial organizations, announced it is offering operations services for financial institutions to gauge their level of effectiveness in terms of their overall operations performance. Based on CCG Catalyst’s collective 300 years of experience in the banking and financial industries, the company’s operations assessment thoroughly reviews the financial institutions operations in deposits, loans and accounting and analyzes the effectiveness of several key areas of operations performaRead more

Robert E. Story Jr., CMB, chairman of the Mortgage Bankers Association (MBA), has issued the following statement in reaction to proposed legislation to modernize regulation of the financial services industry: "MBA supports efforts to modernize the regulatory structure for mortgage banking firms, but we are concerned that this bill could be headed down several of the same wrong paths as the legislation that moved through the House late last year.Read more

The February 2010 Mortgage Monitor report, released by Lender Processing Services Inc. (LPS), a provider of mortgage performance data and analytics, shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. However, the nation's housing market remains far from a full recovery.Read more

Bank of America has announced that it has completed nearly 21,000 mortgage modifications under the federal government's Home Affordable Modification Program (HAMP), according to the bank's latest monthly progress report to the U.S. Department of Treasury.Read more

“Friends, Americans, mortgage professionals, lend me your ears … I come to bury InterBay, not to praise them. The evil that men do lives after them. The good is oft interred with their bones, so let it be with InterBay … we have been told that InterBay was ambitious: If it were so, it was a grievous fault …”Read more

AIMSdashboard has released the latest version of its Web-based Appraisal Independence Management System (AIMS), featuring several compliance-focused additions. AIMS 4.4 will promote lender compliance with the appraisal independence requirements of the Uniform Standards of Professional Appraisal Practice (USPAP), Federal Housing Administration (FHA) Mortgagee Letter 09-28, Federal Financial Institutions Examination Council (FFIEC) and the Home Valuation Code of Conduct (HVCC).Read more