February 21, 2012 – Dallas, TX – Wingspan Portfolio Advisors, a Dallas-based diversified servicing company, continues its accelerating growth offering a wide range of services to assist the mortgage industry in virtually every aspect of delinquent loan servicing. In addition to launching four new subsidiaries over the past 12 months, Wingspan has quadrupled its number of employees and has leased a second building to meet the needs of its clients, which include banks, investors, mortgage insurers and real estate agents throughout the U.S.

“Wingspan’s phenomenal growth is driven by our team’s ability to deliver customized solutions to lenders, investors and mortgage insurers impacted by the challenges in our economy,” states Wingspan CEO and President Steven Horne. “Our clients are extremely pleased with the innovative results we deliver and the experience that comes from a senior management team with more than 250 years in this business.”

Today, Wingspan employs more than 1,400 people and is the sole occupant of the 134,000-square-foot, two-story office building located on the Dallas North Tollway near Frankford in Dallas. The company has quadrupled the number of people it employs since this time last year.  Wingspan’s new building is situated minutes away from its corporate headquarters in Carrollton, TX. The company’s current business units include:

• Wingspan Portfolio Advisors – offers special servicing, component servicing, capital markets services;

• Wingspan Information Technology – provides information technology consulting and application development services to clients featuring 21^st century technological solutions used by Wingspan;

• Wingspan Real Estate Network – WREN, Wingspan’s licensed real estate broker affiliate and proprietary nationwide network of real estate agents, specializing in accelerated short sale facilitation;

• Wingspan Professional Services – offers escalated customer complaint resolution, servicer oversight and file/claim review, outsourced “back office” process solutions, consent order compliance, as well as staffing services for both internal and external clients;

• Wingspan Insurance Services – provides insurance products that make sense for stakeholders and borrowers alike;

• BetterBorrowers.com – Wingspan’s consumer-facing website advancing financial literacy for borrowers through no-cost information and dialog with industry experts.

Much of Wingspan’s growth is due to its expertise working with delinquent borrowers and its ability to find alternatives to foreclosure, thereby restoring value to those loans and reducing REO properties. Wingspan’s loan resolution specialists are skilled at listening to borrowers, understanding their issues and moving quickly towards a positive outcome wherever possible, providing a high-touch approach that primary servicers are hard pressed to offer.

“Spending lots of time talking to borrowers is not typically something the primary servicers are able to do, based on their basic business models and compensation structures,” Horne observes. “But it’s precisely what we do, and that fits perfectly with the requirements of getting consumer issues resolved.”

The demand for conflict resolution services has risen dramatically, and it is one of many areas that have propelled Wingspan’s growth.  “When dealing with highly sensitive customer matters, outsource assistance needs to be extremely experienced in high-touch, often emotionally charged situations,” states Jason Dickard, Wingspan’s executive vice president of professional services.  “Complaints, for example, have often been pushed up the management chain through the legal department, and servicers want them finalized with the best possible result. We’re positioned to work with everyone involved to achieve resolution, once and for all.”

“This business is constantly evolving and changing,” continues Dickard. “As our clients juggle limited resources with additional regulations, they know we can provide them with a wide variety of services they need, from customer complaint resolution to forensic file review.”

Horne notes that Wingspan’s growth as a “one-stop trusted source” for all special servicing needs has been made easier by the company’s location.  “We have a tremendous talent pool here in Dallas, the epicenter for loan servicing, which allows us to recruit, train and deploy very quickly,” adds Horne. “Experienced employees, advanced technology and a broad range of services are helping us to capture every opportunity that comes our way.”

About Wingspan Portfolio Advisors

Wingspan Portfolio Advisors, LLC, is an award-winning, diversified servicing company, supporting the needs of banks, investors, mortgage insurers and real estate agents throughout the U.S. By utilizing a highly effective, proprietary, detail-oriented approach, Wingspan applies advanced servicing techniques to turn non-performing loans into reperforming assets. Based in Dallas, Wingspan’s team of nearly 1,400 experienced professionals offers a wide range of services to assist the mortgage industry in virtually every aspect of delinquent loan servicing. The company was founded in 2008 by CEO and President Steven Horne, a highly experienced attorney and expert on servicing distressed assets, and former director of risk servicing at Fannie Mae.  With its bilingual capabilities, the company offers services in the U.S. and Latin America.  For more information on Wingspan Portfolio Advisors, please visit www.WingspanAdvisors.com.

February 21, 2012 – Arlington, VA – Sperlonga Data and Analytics of Arlington, Virginia, a subsidiary of national real estate asset firm MMREM, has expanded its service designed to help mortgage lenders and servicers reduce risk by alerting them when borrowers fall behind on their homeowners association (HOA) fees. Previously a subscription service, the improved version, now known as Life of Loan Association Surveillance (LOLAS^tm), is a valuable safeguard when originating loans or modifying existing mortgages by virtue of warning servicers of potential defaults before mortgage payments are actually missed.

Unpaid HOA accounts are a clear sign of impending mortgage delinquencies and have been extremely difficult for servicers and investors to track.  In many cases, the presence of a homeowners association is actually unknown until problems occur in obtaining clear title to properties.  In some states, HOA claims and liens supersede first lien positions and add delays and considerable expense to the resale process.

Life of Loan Association Surveillance is simple for servicers to initiate.  When new loans are originated or modifications are made, Sperlonga provides a form to execute with the borrower that allows Sperlonga to communicate directly with the HOA.  LOLAS then monitors monthly payments and notifies the servicer when payments are missed.  The LOLAS service complements Sperlonga’s Delinquency Check^tm, which spot checks to make certain borrowers are not severely delinquent on HOA payments prior to a loan modification or short sale, forewarning of potential difficulties with those transactions.

“Borrowers will typically stop paying their HOA fees before they stop making their mortgage payments,” says Matt Martin, Sperlonga’s chairman and CEO of MMREM.  “It is of great assistance to know as early as possible when future default is likely,” he says, “and in the case of loan modifications, it can be even more critical when qualifying borrowers to minimize productivity losses.”  Martin points out that complications surrounding HOA claims frequently create problems for servicers when working on loan mods or other default prevention strategies.

In addition, HOAs sometimes include additional amounts beyond the overdue HOA assessments, such as attorney fees and other charges that can be negotiated down by an expert to the benefit of servicers and investors.  “When you know that there is an HOA involved in the loan and there are delinquent payments that can create problems with title, loan mods, short sales and remarketing efforts, clarity is necessary to help all parties make informed decisions,” Martin notes.

LOLAS is already resonating with several investors and servicers that are enthusiastic about having a confidential resource for nagging and often expensive HOA-related problems. But in the end, everyone benefits when the path is smoothed in getting HOA claims satisfied.  “It is really about communication,” Martin says.  “HOAs need payment so they can operate and maintain their communities to keep property values high.  Servicers want HOA claims resolved and also desire better, more stable values in communities,” he observes.  “We bring them together, keep an eye on HOA payment streams for them with LOLAS, and maintain open lines of communication for everyone’s benefit.”

About Sperlonga Data and Analytics

Based in Arlington, Virginia, Sperlonga Data and Analytics is an affiliate of MMREM, a national asset management firm whose clients include multiple federal agencies and private sector servicers, investors and insurers.  Sperlonga Data and Analytics was created to provide a centralized interface for homeowners’ associations (HOAs) and servicers in order to help stakeholders minimize losses associated with transaction delays and lost revenues caused by HOA claims.   The company also provides additional outsourced management services for the clearing and resale certification process.  Additional information is available at www.SperlongaData.com.

February 21, 2012 — Melbourne, FL — ISGN Corporation^™ (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, has introduced LoanGPS™, a collaborative processing engine and workflow tool, to efficiently enhance ISGN’s processing of outsourced mortgages for third parties.

A problem for lenders and banks today is the high fixed cost structure of mortgage lending, leading many banks to close correspondent lending channels and focus on retail and online channels. Lenders also are aware of borrower concerns about the lack of transparency and the fees and associated costs of mortgage processing. The mortgage market is beginning to reconfigure to strategically take advantage of the lower costs and efficiencies provided by mortgage outsourcing. LoanGPS offers cutting edge loan processing capabilities for ISGN to close outsourced loans more effectively and efficiently for lenders and banks by minimizing variations and ensuring that the loan closes on time.

LoanGPS aligns with customer origination systems to seamlessly collect loan data for outsourced loans processed by ISGN. LoanGPS uses proprietary technologies including LoanNavigator™, LoanPath™ and iQueue™ to capture, track and analyze real-time data from borrowers, loan processors, underwriters and vendors. The system automatically assigns tasks according to the customizable workflow configuration. LoanGPS essentially tracks the loan transparently through processing so all involved know the tasks at hand ensuring on-time loan closing.

“LoanGPS creates a collaborative and transparent loan processing transaction that increases pull-through rates for lenders and speeds up loan cycle times, thus increasing borrower satisfaction,” said Krishna Srinivason, vice chairman and CEO of ISGN. “It significantly assists processors and underwriters in navigating their day to profitably handling 30 to 35 loans, guiding them through all the required steps to close the loans. Innovation like ISGN’s LoanGPS is leading the mortgage market transformation and allowing lenders and banks to further reduce fixed lending costs through outsourcing.”

About ISGN

ISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and many of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders, brokers and servicers. ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla Group company. Based in Melbourne, Florida, ISGN now employs more than 1,000 people across six domestic centers and two international facilities. For more information, visit www.ISGN.com.

February 21, 2012 – Fort Worth, TX – eMortgage Logic, LLC (EML), a leading national provider of residential real property valuations, data and analytics for mortgage lenders, servicers and investors, announced it has integrated nationwide multiple listing service (MLS) data into its valuation management platform, providing a higher level of quality control, faster service and newer, more accurate solutions than currently available in the mortgage industry.

While the vast majority of property valuations—such as appraisals and broker price opinions (BPOs)—are based on MLS data, the new integration allows brokers and appraisers to access MLS data directly through EML’s online platform, which will automatically populate the data input fields with all available information on the subject property and comparable properties chosen by the broker or appraiser.  The result is faster and more accurate valuations for EML’s clients.

“This automated data entry process dramatically reduces or eliminates errors incurred when brokers and appraisers enter information manually,” said Ralph Sells, CEO of EML. “It also acts as a data validation source – further ensuring that the values we provide our customers are based on the most current and accurate information available.”

In addition, EML has developed a proprietary comparable property (“comp”) scoring methodology that analyzes hundreds of fields of data for each subject property and chosen comps, and provides a statistical scoring of the relative fit for each comp.  This scoring process helps EML’s quality assurance team verify that the broker or appraiser has chosen the most appropriate comps for the subject property and, if necessary, question why certain comps were chosen. If a particular valuation seems questionable, EML is often able to address the client’s concerns ahead of time.

Finally, EML is currently using nationwide MLS and public records data to develop a suite of analytical reporting products.  According to Sells, EML clients that are interested in analyzing a specific neighborhood, a region, a portfolio, or even the entire nation, will have the ability to get customized analytical solutions to meet their needs.  “The benefits of seamlessly incorporating nationwide MLS data into our leading edge platform are enormous,” Sells said. “Combined with our valuation expertise, the advantages we are able to provide customers are simply unparalleled in the mortgage industry.”

About eMortgage Logic

Based in Fort Worth, Texas, eMortgage Logic (EML) is one of the nation’s largest providers of residential valuation products and data solutions including broker price opinions (BPOs), residential appraisals, automated valuation models (AVMs) and more. Clients include mortgage originators, servicers, government-sponsored entities, Wall Street investors, hedge funds and private equity firms. Through its wholly owned subsidiary, Axios Valuation Solutions (www.myaxios.com), EML has access to a nationwide network of 20,000 appraisers. Unlike most valuation providers, all of EML’s products and services undergo hands-on reviews by on-site valuation experts. Founded in 2002 by veterans of Freddie Mac, each of EML’s owners and senior managers has more than 20 years of hands-on mortgage banking experience. For more information visit www.eMortgageLogic.com.

February 21, 2012 — Newport Beach, CA – DRI Management Systems, Inc., the 27-year leader in default management software, has hired Michael J. Bailin for the newly created position of regional sales executive in the western states, and promoted Nancy Schaefer to senior vice president for Client Operations.

Bailin will handle sales and marketing of the DRI Office^TM platform to mortgage servicers in the Pacific and Mountain time-zone regions. DRI’s award-winning default management technology brings workflow automation and process improvements where servicers need them most, on their seriously delinquent and defaulting loans.

With more than 26 years of mortgage industry experience, Bailin joins DRI from Urban Lending Solutions (ULS), where he was senior vice president of sales for three years. At ULS, Michael was responsible for loss mitigation outsourcing sales and residential valuations throughout the country.

Prior to ULS, Bailin served in national sales roles at Lenders Processing Services, Associates Financial Services and The Money Store. At LPS, he handed settlement service sales with an emphasis on residential collateral valuation tools and services. At The Money Store, Bailin served as sales vice president in charge of wholesale and flow correspondent loan acquisitions.

“We are delighted to have Michael on board at DRI,” said Duke Olrich, founder and CEO of DRI Management Systems. “Michael provides us not only with extremely high capabilities in key strategic regions of the country, but also his mortgage production expertise is a major asset, along with his superior sales skills.”

Nancy Schaefer, with more than 15 years in default management and nine years at DRI, was promoted to senior vice president of Client Operations. Her responsibilities at DRI include the areas of client relations, business analysis, testing & quality assurance, and general operations comprised of accounting, administration, and human resources.

Prior to DRI, Schaefer worked at Chase Home Finance/Advanta Mortgage for seven years, specializing primarily in REO management.  Additionally, she served five terms on the board of directors and one term as president of REOMAC, the national non-profit trade association for the mortgage default industry.

“Nancy’s industry experience is exemplary across all aspects of the default management arena,” Olrich said.  “Nancy has illustrated her drive for excellence over the course of her nine years with DRI, and will continue to be indispensible during this period of tremendous growth for our company.”

About DRI Management Systems
Founded in 1984 and based in Newport Beach, California, DRI Default Management Services is the industry’s preeminent default solution, offering a suite of integrated default management software that can be used individually or in unison, and which can be interfaced with any other servicing or accounting system.  DRI’s award-winning flagship technology, DRI OfficeTM, enables companies to expertly manage, automate and accelerate their servicing of defaulted loans, including prime and non-prime mortgages as well as secured and unsecured consumer loans. The DRI Office platform features a complete array of default management software modules, including: loss mitigation, pre-foreclosure foreclosure, bankruptcy, REO, litigation, property preservation, administration, and claims and auto/consumer loans. Clients are among the nation’s top servicers.  For more information, please visit www.DRIdefault.com.

ISGN’s IT Services Group assists companies in visioning, implementing, operating and outsourcing IT functions, building an IT strategy that effectively supports their business goals. ISGN offers a range of IT solutions from project consultation to application development and maintenance to IT infrastructure management.

ISGN brings to projects a highly skilled team of IT personnel, including network engineers, application developers, software architects, user interface designers, business analysts and code testers. ISGN offers a global delivery model providing customers with a flexible engagement model and the ability to leverage a 24-hour clock, thereby shortening development cycle times and increasing overall business productivity.

Among the first to leverage ISGN’s new service was National Bankruptcy Services (NBS), a mortgage and consumer secured bankruptcy outsourcing firm that manages and administers the complicated bankruptcy administrative processes for servicers and lenders. The software application that ISGN jointly developed with NBS IT and business resources enables NBS to keep track of its clients’ bankruptcy payments and remittances for every serviced account.

“ISGN is developing a superior custom software application and technology support for NBS that will significantly enhance our ability to manage payment application challenges on bankruptcy loans,” said Larry Buckley, chief executive officer of NBS. “By leveraging ISGN’s deep pool of developers and infrastructure experts, NBS has been able to deploy its resources to our core business process outsourcing operations.”

Bill Garland, vice president of strategic markets at ISGN, said, “ISGN can work through all the IT layers for our customers and provide technology augmentation and expertise. With our spectrum of IT services, we can provide companies with IT staff or act as an IT contractor and manage the work for them. For companies with small IT departments trying to get their arms around a big project, it can be difficult to recruit IT professionals. This is our business. We have the right people on staff and the right technology resources to handle any IT job.”

Ankush Dham, director of technology solutions at ISGN, added, “This new solutions-based offering helps companies to create effective and impactful technology strategies. What differentiates us in the marketplace is that our laser-focus on the mortgage vertical provides us with top-tier technology-centric domain experts who are nimble enough to adjust to rapidly changing project requirements and committed to customer excellence. We strive to partner with our customers to eliminate unnecessary complexity and provide simpler technology solutions and strategies to drive business productivity and return on investment.”

ISGN has been consistently ranked by leading industry publications and research firms as one of the top companies for mortgage process outsourcing. The company has been named a Top 50 Service Provider by Mortgage Technology magazine for the past four years. ISGN also holds an ISO 9001:2008 quality management certification and SAS 70 Type II accredited data center certification, ensuring that its procedures are current, documented and effectively controlled.

About ISGN
ISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and many of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders, brokers and servicers. ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla Group company. Based in Melbourne, Florida, ISGN now employs more than 1,000 people across six domestic centers and two international facilities. For more information, visit www.ISGN.com.

February 13, 2012 – Southfield, MI – Mortgage Builder, anaward-winning loan origination software (LOS) provider, announces it has already received certification from the GSEs that it is in compliance with the new Uniform Loan Delivery Dataset (ULDD) requirements, well ahead of the April voluntary loan delivery date and the July 23^rd mandatory delivery deadline. The agencies pushed back the mandatory date from March to July to allow vendors and lenders more time to prepare for the change, but Mortgage Builder clients can familiarize themselves with the changes immediately.

The Uniform Loan Delivery Dataset is a major change in the way the mortgage industry not only delivers loans between lenders and investors, but is also a significant development in how loan data is verified, analyzed and evaluated.  By having the individual data elements of each loan available in a standardized digital format to compare and study, investors can more easily review files to ensure greater data integrity in each loan.  Analysis and reporting are greatly improved, bringing much-needed transparency and quality to the capital markets, leading to greater liquidity and reduced costs for all stakeholders in the process.  Initially applying to loan deliveries involving Fannie Mae and Freddie Mac, the ULDD effectively sets the stage to become the new industrystandard upon implementation.

By being early with its readiness for the ULDD, Mortgage Builder allows its clients greater preparation time to meet the requirements of the new system and its differences.  “There are many new data fields and it will take clients some time to become acclimated,” according to Liz Fafette, Mortgage Builder’s vice president of operations.  “We have made every effort to make the transition as seamless as possible for users by giving them an advance view of the changes as far back as November, so that helped,” she explains.  “The upload websites for Fannie and Freddie are different, but we have worked hard to make the user experience as consistent as possible with the current Mortgage Builder environment.”  She notes that more than 600 data fields were involved in the conversion toULDD, and the newest version of MISMO-standardized XML (Extensible Markup Language, standardized by the Mortgage Industry Standards and Maintenance Organization) made the effort a significant undertaking.

“ULDD brings greater standardization to the process for each transaction,” observes Keven Smith, president and CEO of Mortgage Builder.  “ULDD brings improvements to the existing methods of electronic delivery that we anticipate will reduce issues around completeness and acceptability,” he says.  “There is a checking feature that warns of possible problems or conflicts with Freddie or Fannie, and prompts users to fix them before uploading.  This saves the GSE and the lender time, and the overall precision of the ULDD package will help boost transparency,” Smith predicts.

Mortgage Builder was required to demonstrate that its system’s ULDD met the requirements and quality standards for the GSEs through a series of test cases with each agency.  Now, with that process complete and Mortgage Builder duly certified, the company is releasing the new version for client download andimplementation.  “Our technical support staff is available to assist wherever required,” says Liz Fafette, but she feels that the effort put in by her operations department will make the transition remarkably painless.  “With the implementation of ULDD by Freddie Mac and Fannie Mae, the mortgage industry is officially in the digital age,” she says.  “We’re glad to help in the effort to bring new levels of data integrity and transparency to the mortgage industry, and Mortgage Builder is ready to go – months ahead of the deadline.”

About Mortgage Builder

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1997.  Mortgage Builder was the first LOS to provide its full capabilities in Application Service Provider (ASP) form, as Software as a Service (SaaS), and in the traditional licensed, server-based configuration, providing complete flexibility to suit all clients’ business models.  Mortgage Builder is an end-to-end, “everything’s integrated” lending solution for both retail and wholesale mortgage production channels, automating origination, closing, post-closing and delivery, as well as tracking and reporting functions.  Essential enhancements like pricing and product eligibility (PPE), electronic document management (EDM) and electronic loan delivery functionality are built-in and available on demand, while compliant loan documents are provided at no additional cost. The company has been named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers for the fifth consecutive year, and was the winner of the magazine’s prestigious 2008/2009 Help Desk Award for outstanding customer service and the industry’s best technical support.  For more information, visit www.MortgageBuilder.com.

-FirstClose Title guarantees accuracy of GFE data, protecting lenders-

February 10, 2012 –Costa Mesa, CA and Austin, TX – LendingQB, a provider of web browser-based mortgage loan origination technology, announced that users of its loan origination system can now benefit from instant ‘cash-to-close’ quotes with real-time automated underwriting and loan pricing. Thanks to a partnership with FirstClose Title, mortgage lenders can now dramatically reduce closing costs for borrowers and simultaneously provide guaranteed Good Faith Estimate (GFE) data within the LendingQB loan origination system.

The software integration between LendingQB and FirstClose Title makes it easy for lenders to generate a GFE quote directly within the LendingQB environment. It also provides lenders the lowest available rate for title services because FirstClose Title compares rates from a wide range of major underwriters and transparently presents the lowest price to lenders and borrowers. FirstClose Title also guarantees the accuracy of the GFE data, protecting lenders from covering additional costs resulting from poor GFE data entry.

“We actively seek out best pricing among major underwriters to deliver pure, unaltered comparative rate quotes,” said Cynthia Waterman, president and CEO of FirstClose Title. “This allows us to present quotes averaging $500 to $1,000 below competing GFE quotes, providing lenders with a ‘cash-to-close’ advantage that makes their offer more competitive and secures a relationship with a potential borrower more quickly.  It is a very powerful tool that resonates very strongly with consumers, especially in today’s cost-conscious economy.”

Through LendingQB, lenders can also quickly retrieve quotes for title insurance, settlement charges, recording charges, and transfer taxes, and automatically populate the data to the GFE on their loan file. Lenders can save between 15 to 30 minutes per loan file using the software platform.

“As a loan origination system, our goals are to increase a lender’s efficiency and maintain data integrity,” said Binh Dang, LendingQB’s managing partner. “The software integration with FirstClose actually goes beyond these goals and has a direct impact on a lender’s ability to increase revenue. It makes lenders more competitive by improving point-of-sale pricing and increasing consumer selection,” he explained.   “When you combine FirstClose Title’s best-execution rate quotes with our automated underwriting and loan pricing technology, all wrapped up in a web-based loan origination system, you’ve got a top-line technology platform that will have an immediate impact on a lender’s bottom line.”

About LendingQB

Based in Costa Mesa, California, LendingQB is a provider of web browser-based mortgage loan origination technology and services. The company combines more than 11 years of cloud computing software development experience with expertise in mortgage lending to deliver a technology solution that is service-oriented and focused on results. For more information about LendingQB, please visit http://www.lendingqb.com or call 1-888-285-3912.

About FirstClose Title

FirstClose Title is the first and only company to bring full transparency to title policy rate selection in a scalable business model for lenders of all sizes. The company delivers peak performance throughout the lifecycle of every transaction, including unmatched clear-to-close ratios, complete funding transparency and 48-hour policy issuance for short-form policies.  FirstClose Title offers these features and other unique services designed to reduce front-end origination costs, prevent post-closing penalties and give clients significant competitive advantages. Learn more at www.FirstCloseTitle.com.

- The ValuLink software platform is integrated with major loan origination systems and includes a UAD Preview engine, smart phone mobile application, and UCDP connectivity –

February 7, 2012 — Dallas, TX — ValuLink, a provider of next-generation appraisal management software solutions for banks, lenders and appraisal management companies (AMCs), was selected by Clarity Appraisal Management Company to be its appraisal management software platform. Clarity AMC is a Nashville, TN-based AMC doing business in 29 states.

“We chose ValuLink for its ability to change the way we do business through its automation,” said Jason Bennett, co-owner of Clarity Appraisal Management. “The software platform has already made us much more productive, letting us do more business with the same amount of employees. Now if we grow by 5,000 additional orders, we will not have to add another person. We expect that kind of growth at our company this year.”

Clarity AMC required a customized software platform built for its own business processes to automate all of its manual tasks. This will allow Clarity AMC to expand its appraisal ordering client base without adding additional employees and expenses.

“ValuLink is a true business partner,” Bennett added. “They came in to our offices and we explained what features we needed and they put it together for us. The system through automation does all the things we used to do manually. ValuLink’s customer service is second to none, too. They followed up quickly and thoroughly to every inquiry we made.”

ValuLink delivers a fully functional portal to a new client on the first day of doing business, which enabled Clarity to speed up its migration process to the new platform. The software platform is integrated with major loan origination systems, allowing lenders and banks to seamlessly and quickly order appraisals as mortgages are originated. ValuLink’s appraisal management platform includes intuitive features for vendor enrollment, appraisal order placement and storage, no set-up costs, and full accounting features. The platform includes a UAD Preview engine for client compliance with Fannie Mae and Freddie Mac’s new appraisal dataset and full Uniform Collateral Data Profile (UCDP) connectivity.

The ValuLink platform makes it easy for Clarity’s clients to place orders and access appraisal reports, logging in only once to enter the system instead of three or four times under Clarity’s old appraisal management software. Plus, ValuLink equips Clarity AMC with a mobile smart phone application that lets appraisers accept or decline an order while in the field. Today when every minute counts in the industry, the mobile app increases productivity and speeds up the appraisal process from start to finish.

Scott Schneider, executive vice president of ValuLink, said, “Clarity AMC relies on accurate, compliant, and timely reports to keep their crucial high growth clients happy. As AMCs expand into more states and state registration fees take a larger bite out of profits, they need next generation technology that increases efficiency and accuracy while simultaneously helping them maintain profitability. The ValuLink platform is helping Clarity AMC better serve its existing clients and grow its business by simplifying process management with a design that is easy to use for the AMC, their customers and appraisers.”

About ValuLink
ValuLink provides next generation appraisal management software solutions for banks, lenders and AMCs, which can be customized to each customer’s processes and requirements. ValuLink’s appraisal management platform is a SaaS, cloud-based system that automates vendor enrollment, order placement and storage, tracking, review, and accounts payable/receivable management and offers full accounting features and no set-up charges. ValuLink is based in Dallas, Texas. For more information, please visit www.MyValuLink.com.

February 7, 2012 – Santa Ana, CA – IMARC, a national leader in mortgage quality assurance and loan data verification, announced it has hired Lisa R. Binkley, a 25-year mortgage industry veteran, as senior director of product design and business development.

Binkley’s responsibilities will include product development and marketing associated with quality control, due diligence, and data verification. She will also lead strategic partnerships in product development across the mortgage industry.

Binkley joins IMARC from Equifax, where she was director of product solutions.  She has also held senior executive roles in verification and quality control at Rapid Reporting Verification Company and Homecomings Financial, a division of General Motors.

“Lisa brings to IMARC more than 25 years of experience in the quality assurance and audit space,” said Bob Simpson, president and CEO of IMARC, who made the announcement. “She will be leading our efforts to expand IMARC’s data verification services to meet the needs of a new regulatory environment.”

“The opportunity to work with IMARC is exciting,” Binkley added. “What they have done to automate the audit and QC space is remarkable.”

About IMARC

IMARC is a national leader in quality assurance and loan data verification. The company has audited more than $20 billion of mortgages.  IMARC’s staff focuses on reviewing loan files and analyzing them for any form of misrepresentation or falsification.  In addition, the company equips companies with workflow processes to efficiently audit loans throughout mortgage origination and servicing. The company was established in 1999, and is headquartered in Santa Ana, California with offices in Washington, D.C.  For more information, please visit www.IMARCaudits.com.