Technology

In Michigan, DLS Servicing Consultants and WorkSmart Database Masters have come together to release WaterfallCalc.com, a new Web-based Waterfall loss mitigation program for Federal Housing Administration (FHA) mortgages.

Mortgage information services firm Informative Research announced its successful completion of Experian's Independent Third Party Assessment (EI3PA) certification, an annual evaluation designed to grade companies on their work protecting the information they receive from Experian.

In Fort Washington, Pennsylvania, LoanLogics introduced its newly launched LoanHD AppQ Network, a service designed to provide users with service ordering and delivery interfaces to third-party providers all through the company’s single-source LoanHD solution.

Although rising rents and tight inventories have led to a surge in new construction in San Francisco, the new supply is barely able to keep pace with demand, creating challenges in the region, says Wells Fargo's Economics Group. "Multi-family permits, which include both apartments and condominiums, surged 30.4 percent in Santa Clara County during 2013 and have eclipsed previous highs for this market," the group said. Single-family home building is rebounding, but only "slowly and off exceptionally low levels."

California-based technology firm Applied Business Software announced the launch of the Loan Office, a new product designed to aid small lenders seeking a powerful, affordable solution for managing loans.

Yahoo! Inc.’s former CFO and interim CEO has joined Auction.com as CFO and EVP, the California-based real estate marketplace announced. According to Auction.com, Tim Morse will work out of the company’s Silicon Valley office, overseeing financial operations and growth strategies. He is currently working with outgoing CFO Bruce Felt to help ease the transition.

Out of Honolulu, Collateral Analytics announced the launch of CA Credit Risk Model, a new product intended to offer comprehensive, quantitative measures of the risk and cost of potential borrower default in a residential mortgage.

DocuTech Corp., a specialist in compliance and documentation technology, announced a promotion among its ranks: Justin Summers was named director of implementations and professional services for the Idaho-based firm.

International Document Services, Inc. (IDS), a mortgage document preparation vendor headquartered in Salt Lake City, recorded significant growth in the number of e-signed document packages processed by the company in 2013.

Mortgage Returns, a firm specializing in customer relationship management (CRM) technology and automated marketing solutions for the mortgage industry, announced improvements to its TRUE CRM system designed to further increase return on investment for clients.