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

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

Mortech has announced that it has rolled out additional features to Connect Plus, a borrower contact and management tool. The new offering, part of the Marksman mortgage marketing and lead management system, offers a variety of features, including website templates and landing pages formatted to increase borrower click-through rates.Click to continue

Lender Processing Services Inc. (LPS) has announced the launch of its Workout Interaction Tool (WIT), a Web-based application that provides data from its market-leading MSP servicing system to and from Fannie Mae's Servicing Management Default Underwriter (SMDU) platform. Using LPS' WIT, mortgage servicers can access SMDU to provide consistent, real-time decisions on loan modifications and other solutions for homeowners with payment challenges.Click to continue

Freddie Mac has unveiled its latest Streamlined Modification program, which is set to go into effect immediately and will be available to all eligible borrowers. The essential goal of streamlining this process would be to expedite financial relief for potentially thousands of distressed families while also making the process simpler in general for anyone seeking to use the Streamlined Modification program.Click to continue

Fannie Mae has introduced its Servicing Management Default Underwriter (SMDU), a tool to help mortgage servicers work faster and more consistently with homeowners to prevent foreclosure.  This technology, a counterpart to Fannie Mae’s Desktop Underwriter for mortgage originations, breaks new ground by evaluating a homeowner’s financial situation and determining what options are available to prevent foreclosure.Click to continue

FirstREX announced it will provide downpayment funding in combination with the portfolio loans of HomeStreet Bank, one of the largest community banks in the Pacific Northwest and a wholly owned subsidiary of HomeStreet Inc. Under the REX HomeBuyer program, FirstREX will fund up to half of the borrower’s down payment required on a HomeStreet purchase loan. The down payment funding from FirstREX is an equity investment—not a grant, subsidy or loan—so there is no interest and the homeowner makes no monthly payments to FirstREX.Click to continue

Capsilon released a new version of its DocVelocity Mobile app to enable on-the-go mortgage professionals to securely access loan documents. The newest version of the app has performance and security improvements. The DocVelocity Mobile app is designed specifically for Apple iPhone, iPad and iPod Touch devices and works exclusively with the DocVelocity cloud-based imaging solution, so users are quickly able to access loan documents with the assurance these documents are correctly formatted, named, indexed and versioned.Click to continue

LRC Asset Management has announced the launch of a revolutionary program that catches fraud and speeds REO timelines to less than 180 days. RealtyRecon quickly determines occupancy in REO housing units, addressing one of the industry’s biggest shortfalls. The Scottsdale-based company’s proprietary program works with existing listing agents as a seamless addition to REO and short sales operations.Click to continue