Tech Roundup: StreetLinks’ Updates Reflect HVCC Compliance

StreetLinks National Appraisal Services announced last week it will now provide a new non-influence and home valuation code of conduct (HVCC) certificate with every appraisal it completes. “From day one our objective has been to provide superior service and an honest, accurate valuation,” chief operating officer Tony Ebeyer said in a press statement. “Brokers, underwriters, lenders and investors can all be assured that a StreetLinks appraisal is written independent of coercion and influence. Providing the certificate with each appraisal documents our independent and compliant process.” Integration with Ellie Mae increases usability of pricing technology New York Loan Exchange (NYLX) announced Friday the “enhanced” integration of its LoanDecisions product with Ellie Mae‘s Encompass Mortgage Management System. The Mt. Arlington, N.J.-based provider of point-of-sale product eligibility and pricing technology systems said the enhanced integration provides for seamless pricing updates for NYLX clients using the Encompass solution. “Especially at a time when accuracy and efficiency are playing such a key role in the profitability of a business, we’re pleased to be providing Encompass users with the most efficient and complete transfer of loan information from a product eligibility and pricing system into the Encompass system,” executive vice president of NYLX Steve Koenigsberg said in a media statement. “Enhancing usability for mutual clients of NYLX and our technology partners is part of NYLX’s continuing commitment to providing solutions that are of the utmost benefit to our clients, our technology partners and the industry.” Mortgage Spirit aims to streamline origination around RESPA Denver-based Mortgage Spirit, a loan searching and pricing revenue management engine offering products that fully automate the loan search and pricing process, announced last week its Smartprice product can improve the accuracy between the good faith estimate and HUD-1 settlement statements being put into place by the Department of Housing and Urban Development‘s final rule on the Real Estate Settlement Procedures Act. Smartprice is a profitability engine that enables loan officers to determine pricing strategy prior to originating the loan and to protect that strategy throughout the origination process. Mortgage Contracting Services goes mobile, saves time in the field Tampa-based Mortgage Contracting Services (MCS) announced Thursday the launch of its mobile technology platform that enables inspectors to upload up-to-date information instantly from the field. A provider of property preservation and inspection services to the mortgage industry, MCS will also roll out the mobile service to its property preservation clients. For the time being, the mobile technology will allow inspectors to upload data like photos immediately through software that can be downloaded to picture-taking PDAs or cellular phones, eliminating time it usually takes to upload photos from an office. MCS estimates this will save time and manpower expense. FAS launches enhanced Web site Field Asset Services announced last week the release of its new Web site with enhanced features and content. The Austin-based provider of re-keying and lockout services said its site now features a streamlined log in service to its FAS 3.0 software, more detailed company information and an online publication regarding the company’s culture and operations. The enhancements come after much feedback and many suggestions from FAS’ clients, vendors, listing agents and employees. MRG partnership brings document preparation to Internet bank Dallas-based MRG Document Technologies, a provider of compliance and documentation services for the financial industry, announced last week it had entered into a partnership with First Internet Bank of Indiana for the use of its document preparation services. The Indianapolis-based lender said it selected MRG for its compliance assurances and its ability to handle customizations for both open-end and closed-end products — like home equity loans and 30-year fixed rate mortgages, respectively. “It was important for us to select a technology partner that enables us to maximize our lending reach without expanding our personnel footprint,” said Kevin Quinn, vice president of First Internet Bank of Indiana. “MRG also integrates well with our loan origination system so there is very little data for us to enter manually, which speeds up and simplifies the origination process.” Write to Diana Golobay at [email protected].

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