Technology

SunTrust is going global with United Way Worldwide. Recently named as a Global Corporate Leadership partner for the philanthropic organization, SunTrust has committed a $2.88 million gift from its SunTrust Foundation to the cause. Additionally, SunTrust already contributed $8.4 million during 2010, $4 million of which was pledged by the company's employees, and logged more than 100,000 volunteer hours with United Way via SunTrust's Solid Gives Back initiative.

The Federal Reserve Bank of Cleveland has released its commentary on the broader economic effects of the recent closure of local bank branches, as lenders struggle to maintain bottom line viability in the marketplace. The brief, developed by Emre Ergungor and Stephanie Moulton, is titled, Do Bank Branches Matter Anymore?, and the authors├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó conclusions indicate that the general answer to that large and looming question is a resounding yes, with considerable social impact as a net loss in communities.

Making the annual list of industry technology leaders for another consecutive year, Financial Industry Computer Systems, Inc., got named to the Top 50 Service Providers, compiled yearly by Mortgage Technology.

Applied Business Software recently announced that U.S. Bancorp CDC is utilizing its servicing management platform, The Mortgage Office. U.S. Bancorp CDC will use the platform to service its tax credit loans.

DecisionReady Solutions has found a new EVP, director of national sales and client relations in Matthew Lichtner. Recently hired into the role, Lichtner will oversee direct and indirect sales; marketing strategy; and market penetration among loan servicers, investors, and regulation agencies.

Radian Guaranty, Inc. is multiplying its sales force with the addition of three new team members. Andrew (Andy) Cooper, Shelley Duffy, and Patrick Harrigan are joining Radian├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós sales division. Cooper will now serve as Radian├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós vice president, national account manager, and he├â┬ó├óÔÇÜ┬¼├óÔÇ×┬óll be responsible for managing and developing strategies with the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós largest lending partners.

InHouse, Inc. will now be, in fact, in house with Fannie Mae and Freddie Mac, thanks to the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós new platform that will provide direct appraisal integration with the GSEs, enhancing compliance with submissions.

CoreLogic├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós international operations are making news in India, with the announcement that Cognizant will buy CoreLogic Global Services Pvt. Ltd. for a reported $50 million. The acquisition of CoreLogic Global, better known as CoreLogic India, will likely make Cognizant the third largest information technology services entity in the country, ousting Wipro Ltd. Lenders using the new program will benefit from a high level of customization, including the ability to tailor the alert system.

BancTec has rolled out an advanced mortgage servicing platform, geared toward new and existing lenders in need of accelerated and streamlined customer support, with considerable advantages for new users.

ProTeck Valuation Services and American Mortgage Consultants are teaming up to deliver advanced real estate tools, and ProTeck will now provide real estate valuation and reconciliation via AMC.