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ValuTrac Announces Integration With Ellie Mae's Encompass

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ValuTrac Software has announced an integration with Ellie Mae, where it will integrate directly with Ellie Mae’s Encompass mortgage management solution to seamlessly facilitate the appraisal portion of the loan process. The integration will increase efficiency and remove risk for Encompass users by automating complicated appraisal steps.Click to continue

RealtyTrac Expands Business With New Licensing Domain

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RealtyTrac has announced it has entered the tax, deed and mortgage data licensing business, making it the first new entrant in the business in more than a decade. For years, RealtyTrac has been licensing its proprietary foreclosure database of more than 20 million current and historical foreclosure records and local & environmental data available through Homefacts.Click to continue

Generation Mortgage Now Offering HECM Products in Texas

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Generation Mortgage Company has announced that it is now offering Home Equity Conversion Mortgage (HECM) for purchase products in the state of Texas following the result of last fall’s ballot in which residents voted to pass a new constitutional amendment authorizing the sale of the product in the state.Click to continue

Carrington's New Offering to Target Underserved Markets

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Carrington Mortgage Services LLC has announced plans to further sharpen its focus on reaching and serving “underserved” borrowers (typically those in the sub-640 FICO score range)—a sizable market often ignored by today’s lenders. To accelerate and further enhance its ability to give this market the attention it deserves, Carrington has lowered its minimum credit requirement to a FICO score of 550, and expanded its guidelines on a number of FHA, VA and USDA loan programs, extending eligibility to more property types and reducing overlays.Click to continue

Coester's Appraisal Services Added to ReverseVision's LOS Platform

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ReverseVision, Inc. announced an agreement to add Coester VMS’s appraisal services to RV Exchange—ReverseVision’s Reverse Loan Origination System (RLOS) platform. Reverse mortgage lenders use RV Exchange for the full lifecycle of the loan—from initial proposal through application, underwriting, closing and post-closing. When a lender needs to order an appraisal from Coester, they will be able to trigger the request with the click of a button.Click to continue

Black Knight Announces New Solutions to Aid in CFPB Compliance

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Black Knight Financial Services has announced that two of its solutions will help lenders and their service providers comply with the significant changes required by the Consumer Financial Protection Bureau's (CFPB) new Integrated Mortgage Disclosure Rule. Under the new rule, which will go into effect Aug.Click to continue

Mortgage Pre-Approval Tool Now Available From Zillow

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Zillow Inc. has announced the launch of Mortgage Pre-Approval on Zillow, a new tool that enables home shoppers on Zillow to get pre-approved for a mortgage quickly and easily.Click to continue

MortgageFlex And IDS Unveil New "Lights Out" Interface

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International Document Services Inc. (IDS) and MortgageFlex Systems announced the development of a joint ‘lights out’ interface between IDS’s flagship mortgage document preparation system idsDoc and MortgageFlex’s LoanQuest loan origination system (LOS).Click to continue

Vendor Scorecard Rolled Out By Medallion Analytics

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Medallion Analytics announced that it is rolling out Medallion Vendor Scorecard, a reporting tool that provides a loan-level analysis of errors made throughout the post-closing process. The scorecard also gives lenders an overall picture of their settlement services vendors’ performances. Medallion Analytics customers using the company’s post-closing audit tools can immediately start using the Medallion Vendor Scorecard.Click to continue