Fidelity National Financial Inc. (FNF), a provider of title insurance, mortgage services, specialty insurance and information services, has announced the acquisition of Commerce Velocity. Commerce Velocity provides technology solutions to mortgage lenders, loan servicing organizations and investment banks that enable users to mitigate risk and optimize outcomes for their mortgage loan portfolios.Read more

Credit Plus Inc., a leader in the credit information industry since 1928, has announced that it is offering a suite of products to help lenders comply with the more stringent selling requirements that Freddie Mac announced in its Aug. 16 Bulletin 2010-19. “Making the mortgage process easier for lenders is our focus at Credit Plus. New requirements and rules are constantly being introduced, which is why we are so vigilant about developing tools that keep lenders compliant.Read more

OpenClose Mortgage Software, developers of Web-based, loan origination software (LOS), has released the enhanced editing version that improves the accuracy of information flow in the new Good Faith Estimate (GFE). The GFE lockdown "significantly improves" accuracy of loan documents allowing for those lenders to gain better control of 2010.Read more

eLynx, a portfolio company of American Capital, has announced that it has released its new eHUD service, a component of the Electronic Closing Network (eCN), that makes it easy for lenders and closing agents to comply with Real Estate Settlement Procedures Act (RESPA) regulations governing Good Faith Estimates (GFE) and the HUD-1.Read more

Mortgage Builder, a leader in loan origination software (LOS) technology for the mortgage industry, has created the new client-focused position and has appointed Kelli Himebaugh vice president, client development to further invest in customer service as the company continues its record-breaking growth streak. Previously Mortgage Builder’s sales manager for the western United States, Himebaugh takes on a role that is a departure from the traditional sales role in many technology companies.Read more

MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has announced that Seatac, Wash.-based Elliott Bay Mortgage has selected MRG’s Miracle Online platform to automate compliance within its mortgage document packages.Read more

CoreLogic has introduced the Short Sale Monitoring Solution, which the company describes as the industry's first short sale fraud prevention and pricing solution. The new service allows lenders to receive alerts on "risky" pending and closed short sales to minimize unnecessary losses related to fraud and property underpricing, which CoreLogic estimates at $41,500 per transaction.Read more

Ellie Mae, the enterprise mortgage origination technology provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders, has released enhancements to its Encompass360 Mortgage Management Solution. More than a dozen added or upgraded features comprise this release—many of which were based on suggestions from existing Encompass360 users.Read more

Experian, a global information services company, has announced its comprehensive offering of products and services to help clients comply with consumer notification requirements related to the new Risk-Based Pricing Rule. Beginning Jan. 1, 2011, the Federal Trade Commission (FTC) and the Federal Reserve Board (FRB) have mandated that lenders send consumers a Risk-Based Pricing Notice if the lender does not provide the consumer with the most favorable rate.Read more

SMART Servicing LLC has announced that DHM Mortgage Servicing LLC (DHM), a mortgage service provider that works with borrowers who are delinquent on their mortgage payments or are facing financial hardship, has purchased a perpetual license of its Servicing Management Asset Recovery & Tracking (SMART) software. The SMART application is an asset management tool that works seamlessly in conjunction with a client’s existing servicing system.Read more