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New Tech Alliances, Clients Touted

Appraisal, compliance and originator services were among the areas to see new mortgage technology offerings this past week. Three companies touted new clients, three new alliances were announced and two companies promoted free services to draw in potential customers.

MorSystems said today its ready-to-go mortgage Web sites now allow originators and mortgage companies to edit Web pages. The Silver Series offering, priced at $299 per year for individual loan officers and $499 per year for companies, come with a 10-day free trial and 30-day money-back guarantee. The sites include a custom image library, content, calculators and loan applications.

Management Systems Development Inc. has integrated QuestSoft’s fully automated compliance review system into its loan origination system, Loan Energizer, an announcement Monday said. In addition to automated reporting, the integrated system evaluates loan portfolios for possible federal, state and local compliance violations.

LendingArt has been launched by NYLX, a press release Monday said. The new offering is a no-charge information portal that provides loan product eligibility and pay-as-you-go loan pricing information, as well as mortgage industry news feeds. LendingArt is integrated with the Calyx Point system.

FNC Inc. announced that Fannie Mae signed on as a client in April to utilize its Collateral Management System. Fannie will reportedly mitigate mortgage fraud risk and streamline its foreclosure appraisal processes in its national property disposition and underwriting centers in Dallas. The two units process around 11,000 appraisals monthly.

FNC said its service automatically reviews appraisals and instantly flags any violations that may be indicators of fraud.

ValuFinders Inc. announced last week that its Web-based Appraisal CONCIERGE system will be in full compliance with the proposed code of conduct outlined in the settlement between New York’s attorney general and Freddie Mac and Fannie. The system enables lenders to randomly select real estate appraisers. hopes to generate new customers for its fully hosted Web-based software and services solutions through a new 18 Point Comprehensive Compliance checklist, an announcement Tuesday said. The checklist was designed to help lenders determine the adequacy of their process automation and management strategies to minimize compliance risk.

An expanded relationship between Teres Solutions Inc. and SWBC promises to help loan originators at credit unions and financial institutions more easily obtain insurance quotes during the loan application process for extended warranties, major mechanical protection, guaranteed asset protection and payment protection.

The American Bankers Association endorsed a range of offerings from Fiserv Inc., including its core account processing, image processing and loan origination services, a press release Tuesday said. ABA said its endorsement was based on a review and analysis that considered factors such as product functionality, regulatory compliance, management strength, financial soundness, client service and long-term strategic positioning.

LoanSifter and OriginationPro announced today a partnership where LoanSifter customers will have access to OriginationPro’s newsletter marketing system and OriginationPro customers will have access to LoanSifter product and pricing engine.

Guardian Mortgage Services reported it has signed on Core Mortgage Group LLC as a new customer. Guardian will provide closing and post-closing services for retail operations.

PHH Mortgage Corp. has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing L.P., according to a press release. The nonexclusive license covers PHH services in the area of financial services call processing, including customer service delivered through automated systems and live agents.

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