Residential Briefs

MBA (6/25/2008 ) Palaparty, Vijay
MadisonGrey Adopts HedgeOp’s ComplianceTrak
MadisonGrey Global Fund Services, New York, formed a co-marketing agreement to combine its fund administration, accounting, cash management and investor relations services with ComplianceTrak, a web-based compliance platform for hedge funds and funds of hedge funds from HedgeOp Compliance LLC, New York.

The alliance allows MadisonGrey to use the ComplianceTrak fund-level engine for clients, providing them with custom compliance reporting and monitoring as well as offering preferred pricing for the advisor-level portal.
Xerox Mortgage Services Adds E-signatures
Xerox Mortgage Services, Rochester, N.Y., added eSignature technology in an effort to help the mortgage industry process loans faster and enhance customer service. The enhancement builds upon Xerox’s current web-based BlitzDocs Collaboration Suite that supports paper, imaged and electronic loan documents.

Mortgage participants can sign new or re-financed home loans online by clicking on the document’s signature line. Electronically signed documents are then securely managed and stored in an electronic vault. Audit tracking detects where the documents travel throughout the system to keep tabs on any transactions made during the loan lifecycle.

RamQuest Offers Fraud Protection, Identity Authentication
RamQuest Software Inc., Plano Texas, a land title software provider, will offer fraud protection and identity authentication services with Identity Operator, powered by Wilson Technologies, Clawson, Mich., in its Closing Market digital marketplace. Closing Market is an application-to-application interface that connects business partners, allowing each participant to work from within their own software.

Title companies that use RamQuest’s Complete Closing title production software can electronically order Identity Operator’s fraud protection and identity authentication services without leaving their title production system. The integration also enables electronic delivery of authentication confirmation data back to the title company, populating within Complete Closing. This data exchange eliminates duplicate entry and the need for data manipulation for the title company.

NYLX Integrates with Mortgage Builder
NYLX, Mt. Arlington, N.J., a provider of point-of-sale product eligibility and pricing technology systems, entered an integration partnership with Mortgage Builder Software Inc., Southfield, Mich., a provider of end-to-end mortgage banking software. Mortgage Builder users will have seamless access to loan product and pricing information, accessible directly from the Mortgage Builder system.

LoanDecisions, NYLX's flagship product, can be used for either point-of-sale applications or secondary market functions, and helps users identify loan products, adapt to market conditions in real-time and keep up to date with products and guidelines.

Lender Lead Solutions to Capitalize on Senior Lending Network Name
Lender Lead Solutions, Melville, N.Y., a reverse mortgage lender, announced plans to change its company name to Senior Lending Network. The company plans to make the official name change in September.

Fidelity National Real Estate Solutions Announces Cyberhomes Smart Frame
Fidelity National Financial Inc., Jacksonville, Fla., a provider of products, services and technology to the financial and real estate industries, announced that Cyberhomes, the home valuation site from Fidelity National Real Estate Solutions, can now be part of any real estate web site at no cost through Cyberhomes Smart Frame.

Introduced in May, Cyberhomes Smart Frame employs the same framing technology that is used to display real estate listings on many agent, broker and other web sites. Cyberhomes content is based on more than 100 million property, ownership, sales and mortgage records, covering 85 percent of the U.S. population. School quality data is also available for more than 128,000 U.S. schools. Sourced from GreatSchools, this information includes both public and private school data, representing over 96 percent of the nation’s schools. Cyberhomes also powers the home evaluation and listings aggregation features of AOL Real Estate.

Blue Adobe Mortgage Selects Sollen’s Lender Online
Blue Adobe Mortgage, Carmel, Calif., chose Lender Online, a loan pricing and pipeline management tool from Sollen Technologies, Dallas, an internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry. The application allows the Blue Adobe's loan officers to search numerous loan products.

UST Global Signs Agreement, Offering Quality Control Services
UST Global, Aliso Viejo, Calif., a provider of IT and BPO products and services, signed two agreements to provide quality control services to the FHA lending division of a top U.S. mortgage lender. The client is a national lender and thrift that provides financing secured by single-family homes and other banking products. UST has been engaged to conduct quality control reviews of post-closing loan origination as well as to manage the quality control analysis and reporting for the servicing processes of FHA/VA loans.