Technology Activity

Settlement services software provider TSS Software Corp. today reported record first quarter earnings. A strong referral network and a 98-percent customer retention rate were cited for its success. TitleExpress and TSS software are among the Maryland-based company’s offerings.

In Costa Mesa, Calif., PriceMyLoan announced two new customers helped it reached a threshold of 100 clients, “clearly demonstrating that correspondent lenders understand the importance of accurate, private-labeled automated underwriting and loan pricing technology.” Multiple investor products are targeted at small- and mid-tier lenders. Hallmarks of its system include comprehensive credit-reporting agency integration and pre-built investor loan products — important features for successfully deploying automated underwriting and loan pricing systems.

First Tennessee Bank announced it will utilize the CheckFree PEP+reACH/BOC module to enhance check conversion and reduce costs. The division of First Horizon National Corp. additionally selected the ChickFree PEP+ Risk Compliance package to meet suggested regulatory guidelines for check fraud protection and, thereby, offer clients a broad layer of fraud protection.

Residential Capital Corp. recently implemented Windows-based MortgageServ, also known as the Fiserv Loan Servicing Platform, a source inside the company told MortgageDaily.com. Prior to deploying the online servicing system, the GMAC affiliate serviced loans through DOS-based disk operating system AS400.

According to Fiserv Lending Solutions’ Web site, with the platform, companies can eliminate “disparate servicing technologies and streamline human resource training and utilization.”

A strategic alliance between Lender E-Source and MRG Document Technologies will enable infusion of Lender E-Source’s automatically-managed loan guidelines into MRG’s electronic document systems, according to a press release Monday. Through the alliance, MRG’s documents are updated with Lender E-Source’s loan guidelines database — speeding the process of finding loans while ensuring accurate and compliant loan documents.

Meanwhile, eLynx announced a new strategic partnership with mobile notary and attorney service provider MortgageDocs will enhance its Hybrid eMortgage. Through eLynx, lenders can electronically submit documents to MortgageDocs, which then manages the signing and notarization process from end-to-end. The combined service includes quick background checks, 30 minutes on average, and more transparent closing — reducing errors and fraud.

PrimeLending, the largest retail lender in the greater Dallas area during the past three years, implemented Optimal Blue’s product eligibility and pricing engine technology, according to an announcement by Optimal. Its prior system went mostly unused because it could not handle complex loan programs and excluded pricing.

“With more than 950 offerings, it’s crucial that we have a search engine that is capable of handling all of our products otherwise originators will not use it,” PrimeLending was quoted as saying in the announcement. “Optimal Blue has everything — robust functionality, automatic updates of investor pricing and they maintain our investor library.”

Wells Fargo joined the BlitzDoc Network Investor Program and use BlitzDocs Connector for loan document image delivery, Advectis Inc. announced. With the system, correspondent sellers can deliver imaged mortgage loan documents to the San Francisco-based banker for investor delivery. Through the investor program, Wells has access to the BlitzDocs collaborative electronic document network and can receive electronic loan folders from lenders and correspondent sellers already using BlitzDocs.

BlitzDocs Connector reportedly supports bulk, mini-bulk and flow loan delivery, automatically maps document types and names between sellers and buyers.