Servicing

DocuTech Corp., a compliance and documentation technology provider headquartered in Idaho, hired Frank Colson as product manager.

Veros, a provider of collateral valuation technology, enterprise risk management, and predictive analytics, announced an update to its VeroSCORE appraisal risk scoring tool.

Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday. The 20-city index was up 12.2 percent from a year earlier, and the companion 10-city index was up 11.8 percent. For the month, the 10-city index rose 2.5 percent and the 20-city index was up 2.4 percent. The two surveys have improved month-over-month and year-over-year for 12 consecutive months.

LRES announced the latest version of LRES DirectConnect, an integration framework enabling clients and third-party systems to integrate into the LRES LINK order management platform.

Stewart Title Guaranty Company announced the appointment of Brett Kline as underwriting counsel for the Carolinas.

Responding to higher mortgage rates, the National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) slipped 0.4 percent in June to 110.9, the group reported Monday.

Wells Fargo Ventures, LLC, a subsidiary of Wells Fargo & Co., will exit from its eight mortgage joint ventures in mortgage lending due to "the current regulatory and market environment," the company announced Thursday.

In California, Prospect Mortgage, LLC named veteran mortgage finance professional Amy Brandt as COO.

Linda B. Bammann will be resigning from Freddie Mac's board of directors at the end of July, the company announced.

In Colorado, Alliant National Title Insurance Company announced the hiring of Noemi Lopez as senior claims counsel.