The Ticker

Texas court upholds MERS right to claim lien

Electronic registry countersued for its rights
Summit Residential Services acquired an interest in the subject property following a foreclosure sale conducted by a homeowner’s association — and moved to clear title. Summit was granted judgment in its favor; extinguishing a MERS lien. So, MERS countersued in April 2104, and won.
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SMS Assist expands into single-family rental property management

Adds Mike Travalini as president of residential service team
SMS Assist, a mobile and cloud-based multisite property management company, announced its expansion into residential real estate with the creation of its residential service team. According to a release from the company, SMS Assist is launching its residential division with "major clients" already on board, including Colony Starwood Homes, Home Partners of America and others.
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Appraisal Institute, RESNET partner to increase green home education

Will work together to present education programs on real estate valuation
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, and Residential Energy Services Network, also known as RESNET, announced the signing of a "cooperation agreement" to promote education, research and data standards surrounding energy efficient homes.
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National MI, Capital Markets Cooperative announce partnership

National MI named 'preferred provider' for CMC
National Mortgage Insurance Corporation, a provider of private mortgage insurance, announced that it formed a “strategic partnership” with Capital Markets Cooperative, a nationwide alliance of mortgage bankers that provides exclusive offerings and value-added services to its members. As part of the partnership, National MI will be named a “preferred provider” of private mortgage insurance.
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Veros offering 'advanced quality control check' for FHA appraisals

Will check electronic portal submissions for issues
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced this week that it is now offering an “advanced quality control check” for FHA loan appraisals.
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