Tag Archives: Processing

Platinum Data Solutions, a technology provider specializing in collateral evaluation and quality, has launched all-new upgraded scoring functionality for RealView, its configurable engine that processes and analyzes appraisals for compliance and completeness.

Mortgage Contracting Services (MCS) announced that Paul Lee has been named CFO.

Five federal agencies issued Tuesday a statement assuring creditors that they do not run the risk of being found in violation of fair lending laws should they choose to only originate qualified mortgages (QM) as defined earlier in the year. With creditors having to consider a balance of secondary market opportunities, capital requirements, and credit and liability risk, regulators say they expect there will be a need for most businesses to fine-tune their products in response--something they should be used to.

ValuTrac Software, a software solutions provider to the appraisal management and mortgage lending industry, announced the hiring of David Yavorsky as the company's new CIO.

According to RE/MAX's National Housing Report for September, closed transactions fell 18.5 percent month-over-month, following the trend that usually occurs as summer passes into autumn. Year-over-year, sales increased 10.7 percent, making September the 27th consecutive month in which sales rose on an annual basis. The company also reported a slowdown in the rate of inventory decline. Compared to September 2012, inventories were down 13.4 percent, bringing the month supply to 5.0 at the current sales pace.

The Residential Standards Governance Committee of the Mortgage Industry Standards Maintenance Organization (MISMO) has elected Randy Gilster as its chairman.

Collateral Analytics, appointed James R. Follain, Ph.D. as its SVP of research and development. Dr. Follain is an economist with over 35 years' experience in the analysis of housing and mortgage markets, much of which involved the measurement and management of the risks associated with lending and investing as well as public policies.

The Mortgage Bankers Association's (MBA) Mike Fratantoni has been appointed chief economist following the departure of Jay Brinkmann.

The Mortgage Bankers Association (MBA) has appointed Tricia Migliazzo as VP of membership for the association's Residential Policy & Member Services Group.

Freddie Mac has made available a Spanish version of CreditSmart, the company's free online tutorial designed to educate families on building savings and personal credit, making wise financial choices, and becoming successful homeowners.