RES.NET Releases Enhanced REO Portal

RES.NET, a technology platform specializing in loan default management, has launched an enhanced version of its REO portal. This new version has advanced features and functionality providing a more intuitive user experience, as well as helping users more effectively manage an existing client base, while preparing for future growth. It also includes the ability to select task-based workflow and the new role-based workflow providing users additional flexibility and scalability of operations across any type of portfolio.

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New Online Destination Will Connect Consumers With The Nation’s Lending Pros

NAMB President Kimber White and SRE.com President John G. Stevens, who is also a former president of that organization, have announced a partnership that will provide a new member benefit aimed at preparing loan originators to compete more effectively, both today and in the coming purchase money mortgage market. NAMB and SRE will cooperate to build a new online marketplace that will connect consumers with the mortgage loan originators of their choice.

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MISMO Approves Commercial Appraisal Dataset Standard

MISMO, the real estate finance industry’s standards organization, announced the availability of its updated Commercial Appraisal Dataset standard. The dataset and accompanying package of resources help facilitate the efficient exchange of appraisal information across the commercial real estate finance industry. The dataset standard has achieved “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.

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Usherpa Adds Lead-Scoring Power To UsherpAlerts

Usherpa, developer of enterprise CRM technology for the real estate and mortgage industry, has added a new form of UsherpAlert specifically designed to provide leads to Loan Officers. The new Opportunity Alerts are derived with an algorithm developed by applying business analytics to 6 million mortgage loans closed over a 30-year period. The company’s Smart CRM mines the lender’s database and then returns the best contacts and opportunities with the highest likelihood of generating a new loan. Like all UsherpAlerts, all of the information required to make the call is provided onscreen for the LO.

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May Foreclosure Starts Up 36 Percent Year-Over-Year

ATTOM, licensor of foreclosure data and parent company to RealtyTrac, an online marketplace for foreclosure and distressed properties, released its May 2021 U.S. Foreclosure Market Report, which shows there were a total of 10,821 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 8 percent from a month ago but up 23 percent from a year ago. Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year.

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