Level 1 Loans, a wholly-owned subsidiary of The Sextant Group Inc., has announced that Tom Healy III has joined the firm as product manager. Tom's primary role will be overseeing both product communication and revenue growth for Level 1 Loan's asset valuation solutions. Level 1 Loans provides valuations and valuation software for mortgage loans and mortgage servicing rights. Level 1 Loans also performs other analyses on these assets such as loan loss provision calculations, prepay analyses, and stress tests.Read more

Wipro Gallagher Solutions (WGS), an enterprise loan origination software (LOS) technology, has announced the launch of its loan modification software solution. The loan modification software contains functionality that automates the Home Affordable Modification Program (HAMP) and also has the capability to handle other loan modification programs. By leveraging best-of-breed features and functions, WGS has created an intelligent product that guides lenders through all aspects of the loan modification process, from the initial seamless-servicing upload to investor reporting.Read more