Technology

In Pennsylvania, LoanLogics, a loan quality management and performance analytics firm, announced two promotions within the company and a new addition to its team: Matt Woolley has moved up to SVP of national sales, Terrell Cassada has been named chief information officer, and Terese L. Campbell has joined as SVP for product management.

California-based LRES, a national residential and commercial financial services provider, announced the latest version of their DirectConnect framework.

Collateral Risk Solutions (CRS), a specialist in value assurance since 2001, announced the launch of its new Desktop Evaluation service as a response to demand for a reliable and economic alternative to field appraisals.

In California, Valuation Vision (V2) announced its valuation management platform has been selected as the technology of choice for appraisal firm Zaio’s newly launched GEAR AP product.

In a release issued late Monday, tech firm Ellie Mae acknowledged that a network outage in early April did not stem from a possible cyber-attack as originally thought. Instead, the downtime was "triggered by a confluence of factors involving network, hardware, software and demand for service." The company also commented that it has taken steps to prevent future incidents.

In North Carolina, the mortgage insurance (MI) unit of Genworth announced the launch of a seamless integration between itself and Optimal Blue, the mortgage industry’s largest product and pricing engine (PPE).

In the wake of a cyber-attack on Ellie Mae and the discovery of the Heartbleed bug, FDIC put out a release advising financial institutions on resources to stay up to date on security threats. FDIC urges financial institutions to "ensure that their Information Security staff are aware of and subscribe to reliable and recognized resources that can help quickly identify cyber risks as they emerge."

NetDirector, a provider of cloud-based data and document exchange services, announced that Anthony Box has joined the leadership team as VP of Sales.

CRMnow, a customer relationship management (CRM) firm catering to lenders, announced a new integration between its own Mortgage iQ CRM and the LendingQB loan origination system (LOS) designed to save time and enhance data integrity for mortgage brokers and bankers.

Clear Capital’s quality control platform, ClearQC, has been selected as the technology of choice to validate appraisal data of submissions in Freddie Mac’s Uniform Collateral Data Portal (UCDP), the California-based data and tech provider announced.