Servicing

In Pittsburgh, ServiceLink, an end-to-end origination, servicing, and default solutions provider for mortgage lenders and servicers, named Mike Zwerner as SVP of corporate development.

Users of DataQuick's National Property Database will now be able to search through four customized databases to more accurately identify business prospects.

Carrington Technology Solutions, LLC and Equator Business Solutions announced the commercial availability of RentPointe, Carrington's proprietary software application designed to meet the complexities of managing diverse portfolios of single-family rental properties.

In San Diego, Mortgage Capital Management (MCM) announced it is now offering an automated report system designed to track and report loan processing times to help banks identify their highest performing entities.

Nationwide Title Clearing, Inc. (NTC), a Florida-based mortgage industry service provider, joined other firms in Las Colinas, Texas, late March at the Five Star Institute's second annual MPact conference.

Fiserv, Inc., announced it has partnered with ChannelNet to create LoanLink, an online channel that enables LoanServ users to quickly roll out self-service websites for borrowers.

First time claims for unemployment insurance increased for the fourth time in the last five weeks, edging up 4,000 for the week ending April 13 to 352,000, the Labor Department reported Thursday. Economists expected 347,000 initial claims. Initial jobless claims for the week ending April 6 were revised up to 348,000 from the originally reported 346,000.

Bank of America's first quarter net income nearly quadrupled over that of last year, according to the bank's quarterly filings. BofA reported Wednesday net income of $2.6 billion for the first quarter of 2013, up from $653 million the same quarter last year. Revenue was $23.7 billion, up from $22.5 billion a year ago. On the residential lending front, the company reported lower mortgage banking income, largely as a result of lower servicing income.

Genworth U.S. Mortgage Insurance (USMI), a unit of Richmond-based Genworth Financial, announced a redesigned Commitment/Certificate of Insurance intended to make it easier for customers to understand information about their mortgage insurance.

Blueberry Systems, LLC announced that its RELAY loan origination system (LOS) is now the platform of choice at Cole Taylor Mortgage.