May 16, 2012 – Santa Ana, CA – Atlantic & Pacific Real Estate, LLC (Atlantic & Pacific) today announced that it was ranked as the 36th largest real estate brokerage and 22nd largest independent brokerage as ranked by transactions in the 2012 REAL Trends 500. This is the first time that Atlantic & Pacific has been included in the report, which identifies the country’s largest and most successful residential brokerage firms. REAL Trends, Inc. is a leading source of analysis and information on the U.S. residential brokerage and housing industry.

“We’re very proud to see the results of the efforts we’ve made in our first three years,” said Steve DiUbaldo, president of Atlantic & Pacific. “We’ve been able to capitalize on the opportunity to take the leadership position in the institutional segment of the residential real estate market. This has accelerated our growth, allowing us to provide thousands of listings, and attracting talented managers and agents across the country.”

Atlantic & Pacific, which reported a 128% increase in year-over-year sales, is currently licensed in 22 states plus the District of Columbia, and is planning to expand into seven new markets in 2012.

“We believe that our growth has been the result of a powerful business model that leverages our corporate parent’s investments in non-performing loans and other distressed single family residential assets to provide the fuel that drives our agents’ sales success,” noted Steve Ozonian, chief real estate officer for Atlantic & Pacific’s parent company, Carrington Holding Company, LLC. “Atlantic & Pacific will continue to benefit from its relationship with Carrington, which operates business units in virtually every aspect of the residential market – from investing and loan origination and servicing, to property management and disposition.”

About Atlantic & Pacific Real Estate

Atlantic & Pacific Real Estate is a full service real estate brokerage that uses its network of licensed real estate agents to manage the sale or purchase of residential properties, with particular experience in maximizing the value of REO properties for sale. APRE works with sellers and buyers of residential properties to manage the contract negotiation, sale and escrow processes. Atlantic & Pacific Real Estate, LLC is an equal housing opportunity service provider.  To learn more about Atlantic & Pacific Real Estate, visit our website at www.apreus.com.

About Carrington Holding Company

Carrington Holding Company is the parent company for the Carrington Family of Companies, which includes vertically integrated operating businesses that direct every aspect of the life cycle of single family assets. Its core capabilities include investment and fund management, residential mortgage special servicing and origination, property management and maintenance, and real estate sales and settlement services.

With more than three decades of experience and guided by a consistent philosophy, Carrington has built the infrastructure necessary to maximize value during any market cycle. Its affiliate companies include Carrington Capital Management, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic & Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.CarringtonHC.com.

May 15, 2012 – Southfield, MI – Mortgage Builder, an award-winning loan origination software (LOS) provider, announces an agreement to acquire GCC Servicing Systems, a leading loan servicing software provider that shares 35 years of history with its new owner.

GCC is the creator of G/Serv, a mortgage servicing software popular with mid-tier lenders, community banks, credit unions and mortgage companies, a market sector also well-served by Mortgage Builder.  The teaming of the two technologies comes at a time when many lenders are retaining servicing rights and responsibilities rather than using subservicers and selling loans on a servicing released basis.

“More lenders need servicing software now than at any time in recent history,” says Keven Smith, Mortgage Builder’s CEO and president.  “With the acquisition of GCC, Mortgage Builder now offers a complete lending system that empowers lenders to control all aspects of the process,” he notes. “And with their common DNA, the platforms work extremely well together, making it far simpler for lenders to make smooth transitions into loan servicing.”  The GCC staff will join Mortgage Builder and GCC will operate as a separate division with Jeff Augenstein, vice president of GCC, responsible for the day-to-day operations.

GCC Servicing Systems was founded in 1977 as Glenn Computer Corporation by Glenn Liebowitz in Southfield, Michigan as a mortgage servicing, loan origination, and accounting service bureau.  The loan origination product was spun off in 1998 to become Mortgage Builder Software.  G/Serv brings Mortgage Builder a comprehensive loan servicing platform that automates all servicing administration functions, along with default management and full reporting capabilities.  Like Mortgage Builder, G/Serv has evolved greatly since it was first released, and is now designed for Software as a Service (SaaS) delivery for fast, cost-effective implementation, and is hosted in a SAS-70 Type II/ SSAE-16 Type II compliant data center.

“This acquisition puts Mortgage Builder into a unique class of technology providers,” says Kelli Himebaugh, corporate vice president of Mortgage Builder.  “As a nimble, independent company, we are well accustomed to working with regional and mid-tier lenders” she says.  “We can now bring our highly personalized approach to lenders choosing to become servicers to maximize returns and improve borrower service levels,” she says.  “A new era is dawning for the mortgage industry and with the addition of GCC, we are able to provide a full range of exceptional technologies for America’s lenders.”

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 1998.  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.

About GCC Servicing Systems

GCC Servicing Systems is a mortgage servicing software technology and service provider that cost-effectively automates all aspects of loan servicing and data management. The company was founded in 1977 as a mortgage service bureau and was known as Glenn Computer Corporation until 2003. GCC Servicing Systems customers include mortgage servicing departments of banks, credit unions and mortgage companies with 500 to one million loans. Based in Southfield, Michigan, the company’s mortgage servicing solutions, superior customer support and cutting-edge technology – G/SERV – are available 24 hours-a-day, seven days- a-week, 52 weeks-a-year.

May 15, 2012 — Burlingame, CA — LenderMobile, a provider of mobile mortgage loan applications for iPad^® computers, has added two new features to its LenderMobile+ flagship application in response to users’ requests. The new imaging feature lets loan originators and borrowers take photos of documents with the iPad camera and add the images to loan files through cloud computing technology. Plus, the new loan notes feature lets users add notes to a loan file directly from their iPad.

On the iPad screen, loan originators can click the new photo button of the LenderMobile+ app to take pictures of documents for a loan file, such as W-2 forms, tax returns, paystubs and drivers licenses, and do so from anywhere, from a borrower’s home to the local coffee house. Or users can choose from the iPad app’s library of photos to add to a loan file. This feature gives users the option of cancelling photos, so they can re-take photos of documents if not satisfied with the original ones.

Once added to a loan file on an iPad, the document photos in the LenderMobile+ app are then validated and processed in the LenderMobile computing cloud and can be sent to a lender’s LOS. With the app’s photo feature there is no need to scan, email or fax documents.

The new LenderMobile+ loan notes feature enables loan originators to add notes to individual loan files. A loan notes form is available on the screen for each loan file where users can type and save their notes in a free form text.

“We’re making our iPad app more useful to users when originating mortgages,” said Iavor Boyanov, chief technology officer and co-founder of LenderMobile. “The new document photo feature is great for loan agents on the go who need copies of borrower loan information quickly to avoid any processing delays. And more and more loan agents requested the ability to write and add notes for particular loan files from their iPads, and we delivered.”

The LenderMobile+ iPad app uses cloud computing technology to bring mortgage origination capabilities to the screen of any iPad user who has downloaded the mobile application. Loan originators using the app can complete all the required mortgage application forms, save the loan data and securely submit them to their LOS. Borrowers can electronically sign the loan application directly on the iPad. Loan agents also can order vendor services from their iPads, such as credit reports and review them in real-time with borrowers.

LenderMobile+ can generate individual loan files, enabling users to add documents and other data to the file as well as deleting documents that are no longer necessary. Uploaded mortgage forms are automatically checked to see if they have been completed and electronically signed. The app handles all the necessary file generation for lenders, such as files for Fannie Mae’s DU 3.2. Data files can be written based on DU 3.2 specifications for a new file.

The LenderMobile+ application can be downloaded at no charge from the online Apple App store. A monthly subscription is required for loan originators using the LenderMobile+ app to order services from third-party vendors and submit mortgage loan documents to their LOS. The subscription is available on www.LenderMobile.com.

About LenderMobile

LenderMobile is a provider of mobile mortgage loan applications for iPad computers. Its flagship iPad application, LenderMobile+, enables loan agents, originators and borrowers to complete, sign and submit mortgage loan applications and other mortgage forms. The app securely transfers signed mortgage documents from an iPad to a lender’s LOS software and imaging system, and enables loan agents to place orders for third-party vendor services and receive results on their iPad. LenderMobile, based in Burlingame, California, is part of PGB Solutions, a technology consultant and developer of custom software and technology products and services for the mortgage industry. The company was founded in 2011 and can be found on the Internet at www.LenderMobile.com.

May 15, 2012 — Appleton, WI — LoanSifter, Inc. (www.LoanSifter.com), the leading provider of product eligibility and pricing software solutions for the mortgage banking industry, announced it has completed 22 straight quarters of revenue growth, an impressive achievement for any company let alone one launched before the 2007 mortgage market collapse. First quarter 2012 revenues exceeded fourth quarter 2011 revenues by 11.6%.

LoanSifter’s growth dates back to the release of its flagship product eligibility and pricing engine in 2006. Now boasting more than 775 financial institutions as clients, LoanSifter is used daily by tens of thousands of mortgage professionals in community banks, credit unions, mortgage banks and brokerages.  With the most comprehensive investor database in the industry, LoanSifter currently sources over 6 million loan product and guideline searches on a monthly basis.

Company officials attribute the growth to industry demand for technology solutions, combined with increasingly savvy borrowers expecting fast and accurate answers online. LoanSifter’s solutions help financial institutions increase mortgage production, manage corporate workflow, eliminate risk and maintain compliance, and are fully integrated with all major loan origination systems.  LoanSifter’s fastest growing product lines include:

- Banker Suite – A comprehensive tool used by demanding secondary marketing departments and loan officers to manage the mortgage pricing and eligibility process.

- eOriginations – A consumer facing, flexible online application solution that accurately quotes rates and walks borrowers through a compliance-focused application process.

“We couldn’t be more excited about the future of LoanSifter. There is incredible market demand to shift away from the limitations of legacy and proprietary systems toward providers like LoanSifter that are creating best-of-breed technology solutions that excel in a rapidly changing industry,” said Craig Doriot, LoanSifter’s founder and chief technology officer. “Credit belongs to our amazing team and business partners, who have enabled us to generate compelling solutions for changing products, investors, guidelines, regulatory and compliance requirements, all while bringing more advanced and intuitive technology to market.  This is helping borrowers and mortgage professionals manage their business, mitigate risk, and maneuver the market more effectively than ever.”

About LoanSifter

LoanSifter, Inc. provides the mortgage banking industry’s most comprehensive platform for independent mortgage bankers, credit unions and banks to accurately price, market and manage their loans. LoanSifter is also the leader in delivering marketing tools to lenders, including its eOriginations point-of-sale (POS) platform, email campaigns, rate alerts and automated quoting for Zillow, Bankrate and LendingTree. LoanSifter is recognized as a Top 50 Service Provider by Mortgage Technology magazine and most recently received an Innovations Award from the PROGRESS in Lending Association for its LoanSifter AMRi product, the mortgage industry’s premier real-time mortgage rate index.  The LoanSifter AMRi is available at www.LoanSifterMortgageIndex.com. Founded in 2004, LoanSifter is headquartered in Appleton, Wisconsin. For more information about LoanSifter, please visit www.LoanSifter.com.

May 9, 2012 – Santa Ana, CA – Carrington Holding Company, LLC (Carrington) today announced that Bill King has joined the company as its Chief Investment Officer and Head of Asset and Risk Management. In this newly-created position, Mr. King will assume responsibility for its two investment-focused business units, Carrington Capital Management, LLC, an alternative asset management firm focused on control-based investing in the US real estate, mortgage and fixed income markets, and Carrington Investment Services, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission and member of the Financial Industry Regulatory Authority.

“Bill is a great addition to the Carrington management team, bringing decades of experience and skills that will significantly enhance our capabilities and presence in the financial markets,” said Bruce Rose, founder and CEO of Carrington. “We believe that Bill’s leadership will take the talented teams already in place at Carrington Capital Management and Carrington Investment Services to the next level, and propel us forward as a top tier specialist firm in the structured finance asset management and mortgage securities arenas.”

Mr. King brings 20 years of experience in securitized products, and a broad range of trading knowledge including mortgages, asset-backed securities, collateralized-debt obligations and commercial mortgage backed securities.  Immediately prior to joining Carrington, Mr. King was head of Securitized Products at Citadel LLC.  Prior to that, Mr. King was co-head of Global Securitized Products at JP Morgan, where he previously held other executive positions, including head of US Securitized Products, head of Mortgage Trading and head of pass-through trading.  Mr. King also served on the mortgage trading desks at both Donaldson Lufkin & Jenrette and Merrill Lynch. Mr. King holds a bachelor degree in Finance from Syracuse University and an MBA from New York University.

“I’m absolutely thrilled to join Carrington as part of the executive team,” Mr. King commented. “I’ve followed the evolution of the company over the last several years as it grew into an organization that operates in all phases of the single family mortgage and housing markets.  I believe that the company is uniquely positioned to be a leader in the redevelopment of the private residential mortgage market, and I’m looking forward to contributing to its success.”

About Carrington Holding Company

Carrington Holding Company is the parent company for the Carrington Family of Companies, which includes vertically integrated operating businesses that direct every aspect of the life cycle of single family assets. Its core capabilities include investment and fund management, residential mortgage special servicing and origination, property management and maintenance, and real estate sales and settlement services.

With more than three decades of experience and guided by a consistent philosophy, Carrington has built the infrastructure necessary to maximize value during any market cycle. Its affiliate companies include Carrington Capital Management, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic & Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.CarringtonHC.com.

May 8, 2012 – Aliso Viejo, CA – Platinum Data Solutions, a premier provider of comprehensive collateral valuation technologies, has announced that San Diego-based Plaza Home Mortgage Inc., a full-service wholesale mortgage lender, has implemented Platinum Data Solutions’ RealView™ appraisal review technology in its Reverse Mortgage Division, which transacts reverse mortgages nationwide.

Reverse mortgages, which are available to individuals aged 62 or older, allow homeowners to draw against a portion of their home equity. Repayment of the loan is deferred until the owner dies, sells the home, ceases to live in the property, or breaches the mortgage provisions. Because of the way reverse mortgages are structured, they differ from traditional mortgage loans in that property value, not the borrower’s credit or income, is the single most important factor in determining loan worthiness.

Reverse mortgage lenders have traditionally relied on automated valuation models (AVMs) and desk appraisal reviews in order to obtain a value on the property securing the transaction. “Adding desk reviews or AVMs to substantiate an appraisal, although helpful, doesn’t always yield consistent information,” said Mark Reeve, Reverse Mortgage Division Manager for Plaza Home Mortgage, Inc. “More often than not, they create more ambiguity.” That ambiguity is generally centered around whether the most appropriate comparables were used to determine the property’s value. Reeve added, “This can lead to difficulties between our underwriting staff and the appraisers we use. Without substantiated proof, questions about the validity of comparables tend to result in extended, strained communications between underwriters and appraisers.”

In January 2012, Plaza Home Mortgage, Inc. implemented Platinum Data Solutions’ RealView automated appraisal review technology in its Reverse Mortgage Division to ensure consistent quality among the appraisals used to underwrite its reverse mortgages. The company now uses RealView as part of its underwriting process on all of its transactions.

“RealView’s consistent, objective evaluation allows our underwriters to make accurate decisions, knowing that the appraiser used the best comps available – and if not, they now have data to rebut appraisers directly, in a methodical, scientific manner,” said Reeve. “RealView helps us make our underwriting decisions with confidence. That’s the bottom line.”

In just a few minutes, RealView conducts a comprehensive evaluation that covers over 2,000 best practices rules and appraisal review guidelines, which include appraisal data points, as well as customized user-defined rules throughout all sections of the appraisal report. An internal manual appraisal review that covers the number of points covered by RealView could consume 30 minutes or longer.

“An accurate appraisal should be the number one component of any collateralized loan because it’s sufficient value that positions you at square one to make a decision,” said Phil Huff, CEO of Platinum Data Solutions. “Platinum Data Solutions’ mission is to provide companies with a rock-solid foundation of valuation-based information. From there they can proceed with confidence, to make the decisions that best suit their goals. We’re pleased to welcome Plaza Home Mortgage to the Platinum family of customers, and we look forward to helping them further achieve their goals.”

About Platinum Data Solutions

Platinum Data provides technologies that help mortgage lenders, servicers, investors and appraisal management companies value collateral, and identify and manage collateral risk. Its online platform and analytical tools are being used by hundreds of companies to perform due diligence, prevent buybacks and protect billions of dollars in assets across the U.S.  The company’s RealView system revolutionized the way the industry reviews appraisals, while its AVM offerings provide a truly unbiased perspective on collateral valuation. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002. For more information, visit www.PlatData.com or email info@PlatData.com.

May 7, 2012 – Dallas, TX – Wingspan Portfolio Advisors, a Dallas-based diversified servicing company, is leveraging technology and servicing know-how to track ahead of the industry averages in speeding short sales to successful conclusions. The secret to accelerating the short sale process is in keeping the objectives of all parties aligned and the communications clear, finds Robert Shiller, senior vice president of Wingspan’s Enhanced Servicing Solutions, the company’s unit focusing on foreclosure alternatives.  While the industry as a whole still takes up to six months to complete a short sale, Wingspan’s average is four to six weeks.  Even with recent improvements, only 30% of short sales tend to complete nationally, according to some published estimates, while Wingspan is experiencing an 80% success rate.  Starting this June, loans held or insured by government-sponsored enterprises must receive responses to offers within 30 days, but this does not ensure improvements in success rates.

Wingspan Portfolio Advisors speeds up short sales for servicers, real estate professionals and attorneys.  It uses its short sale acceleration program for its component and special servicing clients, and offers it for real estate professionals through the Wingspan Real Estate Network (WREN).  Attorney-involved short sales benefit through American Home Remedy, a partnership Wingspan recently announced with Jacksonville, Florida-based Realty Legal Service and Home Counsel Group.

Working closely with primary servicers struggling to handle large volumes of loans on the brink of foreclosure, Wingspan presents short sale offers that have been pre-screened for errors and other issues that traditionally stall the process.  Wingspan specialists present offers to servicers, work out junior lien problems and keep track of all required processes using Wingspan’s technology platform.  The web-based platform is used by servicers, investors, mortgage insurers and other stakeholders to understand what is required of them and stay updated on each short sale’s progress via online dashboards.

“The technology is a great advantage as it keeps everyone on the same page and on track,” says Shiller.  “Paper files sitting on desks waiting for decisions largely disappear, replaced with paperless offers that we have vetted, made error-free, and that fall within the economic realities that servicers have shared with us.  At the same time, we are able to screen for fraud, get accurate values and condition reports, and eliminate the usual delays.”  As a result, the Wingspan short sale can take up to 70 percent less time to complete.

Ed Delgado, chief operating officer of Wingspan Portfolio Advisors, believes with short sale volumes on the increase, speed to decision and execution are becoming increasingly vital to any successful liquidation strategy.  “Real estate agents and brokers have motivated buyers looking for good deals on homes, many of them first-timers.  The more we can ease their path to ownership while providing a foreclosure alternative for distressed borrowers, the fewer the neighborhoods that will suffer from extended vacancies and blight,” he says.  “At the same time, distressed borrowers are able to reenter the ranks of homeowners much sooner than if foreclosure devastates their credit, and this potentially means millions more home sales over the next three to five years.  Short sales benefit everyone, including servicers and investors, with reduced loss severity.”

Lenders and investors improve sales amounts by 24% using short sales, according to a recent study by McGeough Lamacchia Realty of compiled MLS data for short sale and lender owned (foreclosure) homes sold in 2010 and 2011 in five major markets around the country. 

“We’re demonstrating that short sales can be much faster and far more successful than in times past,” says Shiller.  “It is a viable strategy that gets the market moving, finds good borrowers for the existing inventory out there, and minimizes the collateral damage of foreclosure.”

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 1,700 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 and Wingspan Real Estate Network, please visit www.WingspanAdvisors.com and www.WRENonline.com.

May 7, 2012 — New York, NY — Coester Appraisal Group, a nationwide provider of appraisal management technology and services, has launched the Cloud Control Compliance Center, a new tool that lenders can use to ensure compliance with all major industry regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, Truth in Lending Act, and more.

Cloud Control’s Compliance Center, which can be customized based on the specific information a lender needs, enables lenders to verify appraisal compliance and print out a comprehensive, yet easy-to-read compliance report with just a click or two. The Compliance Center’s comprehensive findings provide all the documentation lenders need in the case of an audit. Lenders can see exactly how each appraisal report measures up to new and existing industry requirements, such as customary and reasonable appraiser fees, technology issues like SAS Type II 70 control standards, and appraisal independence requirements. Lenders can also use the Compliance Center to view appraisal contracts; to audit and remove appraisers; check the license status or possible disciplinary actions of individual appraisers; ensure their specific policies and procedures like TILA triggers and value reconsiderations are being followed; and much more. Compliance Center’s findings also include recent value reconsiderations as well as access very detailed information about every appraisal order, down to the comments, order date, the payment amount and when it was processed for TILA purposes

Despite their complexity, Compliance Center’s reports are easy to access and easy to understand. They’re accessible via an on-screen view that can be easily downloaded in PDF format and in printed form within Cloud Control’s cData report.

“With all the different regulations lenders are facing, proving appraisal compliance has been extraordinarily difficult, but we’ve managed to make it easy,” said Brian Coester, CEO of Coester Appraisal Group.  “Our Compliance Center provides everything lenders need to stay compliant in their appraisal relationships and their orders – nothing is left to guesswork. Lenders simply select what they want to know about an appraisal, click the print command, and they’re done.”

The Compliance Center is accessible through Cloud Control, Coester Appraisal Group’s revolutionary new appraisal management technology and the only appraisal management software built on the award-wining platform of Salesforce.com. Launched in March of this year, Cloud Control offers lenders unlimited customization in managing appraisal orders and services while creating sales and marketing rules that can help them become more efficient, stay compliant and generate new business.

About Coester Appraisal Group

Coester Appraisal Group is a nationwide provider of valuation management technology and services. In 2012, the company launched Cloud Control, the industry’s most customizable web-based valuation management technology and the first solution of its kind built on the award-winning platform of SalesForce.com. The company also offers valuation management services nationwide and specializes in providing high quality appraisal reports that comply with all industry guidelines and regulations. Headquartered in Rockville, Maryland, Coester Appraisal Group was founded in 1970 as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit Coester Appraisal Group online at www.CoesterAppraisals.com.

May 7, 2012 – Southfield, MI – Mortgage Builder, an award-winning loan origination software (LOS) provider, announces it has completed a technology integration with InHouse Inc. of Jacksonville, Florida, the providers of the innovative InHouse Connexions^TM appraisal management platform. The integration came as a result of requests by Mortgage Builder clients that the InHouse technology be integrated with the Mortgage Builder LOS, as they preferred the appraisal management capabilities and flexibility InHouse offers.  With the integration in place, Mortgage Builder users can conveniently access InHouse Connexions and its full menu of appraisal options.

“InHouse Connexions was clearly the choice of several clients, including one of our largest,” says Kelli Himebaugh, corporate vice president at Mortgage Builder.  “As soon as we started working with them, it was easy to see why lenders were wanting InHouse to be available directly from within their favorite LOS.  The Connexions platform offers the ability for lenders to use their own appraisal panels, order from appraisal management companies (AMCs), or access InHouse’s own AMC when convenient,” she says.  “The cloud-based technology provides full reporting and complete control over the appraisal effort with maximum flexibility.”

Jennifer Creech, InHouse president and CEO, agrees that the integration with Mortgage Builder makes a great deal of sense for both companies because of their similar philosophies and reputations.  “InHouse is a company with a flair for technology innovation,” she says.  “Mortgage Builder is a proven technology company that has always invested in innovation and service enhancements to improve the experiences of its clients.  We’re following a similar path, and we’re finding that lenders strongly desire the control over their businesses that a wide menu of options provides,” she notes.  “Mortgage Builder’s clients are tremendously loyal and the company’s service is legendary. InHouse and Mortgage Builder make a great team.”

Both companies see flexibility as a key ingredient for success in today’s mortgage technology.  Mortgage Builder offers an end-to-end LOS system in which everything is integrated, from product and pricing engines to electronic document management.  Many features, including compliant loan documents, are available at no cost, and delivery options are completely flexible.  Lenders can opt for Software as a Service cloud-based delivery, more traditional installed business models, or combinations of both.  They can even choose to pay for services only when loans close successfully.  InHouse provides a similarly flexible blend of options on the appraisal management side, allowing clients to identify and use appraisal companies in some areas and AMCs in others, all with fast, automated ordering and delivery.  Full performance metrics and reporting on the overall appraisal effort brings complete transparency, and InHouse has one of the few direct connections to Fannie Mae and Freddie Mac’s UCDP (Uniform Collateral Data Portal).

“Both companies clearly believe in giving clients the most for their technology investment,” says Mortgage Builder’s Himebaugh.  “We are fortunate to be working with their fine team and our clients will appreciate the array of benefits our integration with InHouse brings to the table.”

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.

About InHouse

Founded in 2002, InHouse Inc. is a provider of appraisal solutions for the mortgage industry. The company, which represents a new concept in appraisal management, has a product and service line that includes InHouse Connexions, a web-based appraiser management platform, as well as InHouse Solutions, an independent appraisal management company.  Connexions is currently in use by 28 mortgage banks, lenders, credit unions and other mortgage originators to efficiently and compliantly manage their appraisal vendors.  InHouse is headquartered in Ponte Vedra Beach, Florida. For more information on InHouse, please visit www.InHouseUSA.com or call (888) 824-9885.

May 3, 2012 – Santa Ana, CA – Carrington Mortgage Services, LLC (Carrington) today announced the appointment of Ray Brousseau as the executive vice president of Mortgage Lending. In this capacity, Mr. Brousseau will lead the company’s retail and wholesale origination business, and will have responsibility for all aspects of the organization, including capital markets, operations, product development, sales and marketing.

“We’re delighted to have someone with Ray’s proven track record of success heading up one of the fastest-growing and most strategically important parts of our business,” says Bruce Rose, chief executive officer of Carrington Holding Company, the parent company of Carrington Mortgage Services. “We believe that Ray is uniquely suited to help us grow our origination business and to take advantage of the market opportunity for non-bank lenders.”

Prior to joining Carrington in 2011 as its senior vice president of retail lending, Mr. Brousseau was the executive vice president of CitiGroup’s CitiFinancial Servicing business, where he launched a national organization with 176 service centers in 45 states, tasked with servicing over $10 billion of distressed consumer loans. From 2006 through 2010, Ray was the executive vice president of the Western division for CitiFinancial, and was responsible for over 500 locations and 2,000 employees. During his 20-year career at CitiGroup, he also previously held the positions of Managing Director – Central Division and Regional Manager – New England among other branch and sales management positions.

About Carrington Mortgage Services – Mortgage Lending Division

Carrington Mortgage Services, LLC – Mortgage Lending Division is the residential wholesale and retail loan origination division of Carrington Holding Company.  The company originates loans in 40 states and the District of Columbia, with an experienced team focused on producing high quality loans and error-free transactions.  Carrington’s advanced technology platform and high-touch customer service provide superior loan origination experiences for retail and wholesale customers alike.  Founded in 2007, Carrington Mortgage Services is based in Santa Ana, California and is an equal housing opportunity lender.  To learn more about Carrington Mortgage Services, visit www.CarringtonHomeLoans.com.

About the Carrington Holding Company

Carrington Holding Company is the parent company for the Carrington family of companies, which includes vertically integrated operating businesses that direct every aspect of the life cycle of single family assets. Its core capabilities include investment and fund management, residential mortgage special servicing and origination, property management and maintenance, and real estate sales and settlement services.

With more than three decades of experience and guided by a consistent philosophy, Carrington has built the infrastructure necessary to maximize value during any market cycle. Its affiliate companies include Carrington Capital Management, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic & Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.CarringtonHC.com.