Residential Briefs

MBA (3/10/2008 ) Palaparty, Vijay
Medianet Innovations Earns Partner Status in Microsoft Partner Program
Medianet Innovations, Charlotte, N.C., a provider of collaborative communications technology, earned certified status in Microsoft’s Partner Program. As a Certified Partner, Medianet will receive benefits including access, training and support.
Medianet’s encrypted IP enterprise communication platform delivers online communications including meetings with multi-party voice, video, secure desktop and file sharing, text chat, white boarding, URL co-browsing and web conferencing. Its ‘push-to-chat’ feature allows institutions to have collaborative online sessions with customers or prospects from anywhere via the internet, including the financial institution’s website. The company’s products are SSL-encrypted.

MRG Offers Close Construction/Permanent Loan Closing Documentation
MRG Document Technologies, Dallas, a provider of compliance and documentation services for the financial industry, developed a one-time close construction/permanent closing documentation for both conventional and FHA residential loans. This one-time close documentation is available for both traditional construction as well as manufactured housing construction for all 50 states.

MRG's in-house compliance attorneys developed the document packages with the consultation of local attorneys for each specific state jurisdiction. As a result, each one-time close document set is in compliance with federal and state lending requirements.

SearchMyLoan.com Partners with Citizens Home Loan
SearchMyLoan.com, Port Washington, N.Y., a provider of loan search and pricing services for the mortgage industry, partnered with Charlotte, N.C.-based Citizens Home Loan, a lender that offers loan products including jumbo, Alt-A, prime and nontraditional.

Through the partnership, CHL’s loans could be identified and selected by originators through SML’s search and pricing platform. Using the SML platform increases efficiency in the origination process and enables loan officers to offer a wider variety of loans to borrowers.

eLynx Releases New SwiftPublish Document Capture Application
eLynx, Cincinnati, a provider of electronic document communications network for the financial services industry, released its SwiftPublish document capture application. Part of the SwiftView Tools suite of products, SwiftPublish standardizes document capturing, viewing, printing and converting. The application could serve as a front-end to the eLynx expedite document distribution platform.

SwiftPublish is a server-based application that creates print-ready PCL or archive-ready TIFF or PDF files from native files produced by any Windows application. The application can be implemented as a stand-alone enterprise application or integrated into third-party setups.

CRMnow, NYLX Integrate CRM
CRMnow, Aliso Viejo, Calif., a provider of foundational CRM for lenders, integrated its Mortgage iQ platform with Mt. Arlington, N.J.-based NYLX’s product eligibility and loan pricing service. The combined system provides originators with a CRM system built specifically for the mortgage industry, allowing originators to select and price products within the Mortgage iQ CRM framework.

Mortgage iQ provides lead management, sales force and marketing automation including credit analysis, loan scenario and debt consolidation analysis, loan application and good faith estimate input. It also provides loan pipeline tracking and automated condition triggers as well as integration with back-end lending systems.

Semphonic Releases Toolkit for Omniture SiteCatalyst
Semphonic, Novato, Calif., a web analytics consultancy released its Implementation Toolkit for Orem, Utah-based Omniture’s SiteCatalyst. The Toolkit is a reference that gives guidance and best practices for making decisions on how to build SiteCatalyst tag in an effort to ensure complete and accurate web site data collection.

Written for web analytics practitioners, web managers and web developers, the Toolkit includes an implementation guide, 20-point quality assurance checklist, implementation project plan template and a functional specification template.

INTEGRA Integrates with Interthinx
Interthinx Inc., Agoura Hills, Calif., a provider of risk mitigation, mortgage fraud prevention and regulatory compliance tools for the mortgage industry, integrated its loan-level fraud detection system and automated regulatory compliance product with INTEGRA Software Systems, Franklin, Tenn.

INTEGRA will integrate Interthinx’s FraudGUARD and PredProtect for its Destiny loan origination system and its EPIC LOS. Loans originated through Destiny and EPIC platforms can be submitted to FraudGUARD for risk and fraud assessment and to PredProtect for predatory lending and other regulatory compliance validations.

F&M Bank Selects Mortgage Builder Software’s Loan Origination System
Clarksville, Tenn.-based F&M Bank selected Southfield, Mich.-based Mortgage Builder Software Inc.’s Mortgage Builder loan origination system.

Mortgage Builder is a mortgage product serving lending institutions such as mortgage bankers, credit unions and banks. The system’s functionality includes pre-qualification tools, processing, underwriting, closing, post-closing, final document tracking, secondary marketing, warehousing, delivery, interim servicing and construction loan tracking for both wholesale and retail production.

Simplifile, Logan Systems Form eRecording Alliance
Provo, Utah-based Simplifile LC and Greensboro, N.C.-based Logan Systems Inc. formed an alliance to integrate and market Simplifile’s eRecording and Logan System’s County Records Management Systems.

The alliance calls for the two companies to integrate their respective eRecording and document imaging and archiving systems, allowing documents electronically filed by Simplifile “submitter” customers such as title companies, law offices and banks to be received, reviewed, recorded and returned to those same submitters by counties using the CRMS.

GenEquity Mortgage selects Guardian Mortgage Services
GenEquity Mortgage Inc., Dallas, selected Guardian Mortgage Services, Lakewood, Colo., to provide closing, loan funding, line management and post-closing services to support its existing business and its new national retail operation.

GMS is a provider of back-office outsourced closing services for lenders. GenEquity is a mortgage services company providing mortgage services to the corporate clients of its parent company, Paragon Global Resources, Rancho Santa Margarita, Calif.

PriceMyLoan Integrates Desktop Underwriter and Desktop Originator
Automated underwriting technology vendor PriceMyLoan, Costa Mesa, Calif., directly integrated with Fannie Mae's Desktop Originator and Desktop Underwriter.

The integration gives PML users the ability to access both DO and DU, automatically populate loan case file information for submission to DO and DU, order new credit reports or reissue existing credit reports and populate loan data, credit report data and DO or DU findings in PML.