new to market
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true value of real estate. The Collateral Investigator combines three of FNC’s analytic products—Appraisal Score, Property Scan, and QC Vigilance—into one secure, easy-to-use platform. The solution provides access to residential real estate sales activity, information to help identify foreclosures or flips, comprehensive details about the subject property’s comparables and neighborhood and much more. “Bringing these three products together is a critical move that we hope exploits what our products are capable of as well as making them more accessible to potential clients,” said Karen Mogridge, Collateral Investigator product manager. “We wanted to make a solution that was easy to locate, use, and interpret.” For more information, visit www.collateraldna.com or www.fncinc.com.
Foreclosure.com owner/CEO establishes QuickSale.com
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The National Groups expands modification and short sale programs The National Groups, the parent company of the National Default Servicing LLC suite of mortgage service operations, has announced a full roll out of its Modification and Short Sale Fulfillment Program. National Collections & Loss Mitigation Services LLC, The National Groups’ full-service default management firm, has begun providing its default fulfillment services to government agencies as well as institutional and private mortgage investors and servicers. “The full roll out of this program is an effective response to the volume of distressed borrowers under President Obama’s Home Affordable Modification Program (HAMP) and the significant increase in foreclosed and real estateowned (REO) properties nationwide,” says Larry Bird, chief operating officer of The National Groups. “Our 25-year history in the real estate and REO special servicing industries uniquely positions The National Groups to lead the charge under the HAMP initiative, while offering effective and timely program execution to a default industry that desperately needs it.” The National Groups provides a full suite of customizable default services through an aggressive utilization of
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NOVEMBER 2009
TSS Software Corporation, an independently-owned provider of software and services for the title and settlement services industry, has released a new version of
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OHIO MORTGAGE PROFESSIONAL MAGAZINE
TSS releases new version of TitleExpress
quality control,” said Bruce Wentworth, senior managing director of The National Groups. “Whether it’s an appraisal, a broker price opinion, or an automated value product, we’re constantly reviewing our skill set and value proposition.” For more information, visit www.thenationalgroups.com.
www.NationalMortgageProfessional.com
Foreclosure.com Founder, President and Chief Executive Officer Brad Geisen has announced the launch of QuickSale, a short sales offer management system that handles marketing, processing, negotiating and closing services all in one central location. QuickSale was designed to simplify an often long and complicated process, bringing together all parties—distressed homeowners, lenders, investors, buyers and agents— who all share the common interest of moving real estate inventory as fast as possible under the best terms. “Banks lend money, they’re not in the business of marketing and selling real estate—certainly not on today’s current scale,” said Geisen. “And their loss mitigation departments are just too overwhelmed at this point. QuickSale.com is a structured tool that provides muchneeded support and relief. It short circuits the entire foreclosure process to ensure the best possible outcome for all parties involved … quickly.” QuickSale.com was founded to close the loop by bringing in agents and buyers located throughout the United States and beyond who purchase distressed properties at negotiated prices before the banks repossess them. Agents who coordinate short sales from start to finish through the QuickSale system earn commissions. For more information, visit www.QuickSale.com.
its TitleExpress title and closing system that includes the 2010 HUD-1. The new version is designed to help TitleExpress users meet the new requirements mandated by the U.S. Department of Housing & Urban Development (HUD), effective Jan. 1, 2010. The rule directly affects two key elements of the real estate closing—the Good Faith Estimate (GFE) and HUD-1 forms—and requires several dramatic changes in the way the forms must be completed and coordinated. “Our users look to us to help them stay productive and up to date,” said Barbara Miller, president and chief operating officer of TSS. “Implementing the new HUD-1 into the workflow of a settlement services firm will likely mean a disruption in the way they do business, no matter how well it is done. The timing of this release will help ensure that our users are ready to go well before they absolutely need to be. To provide our customers with optimal flexibility in the interim, the new version of TitleExpress offers the option for using either the current HUD-1 or the 2010 HUD-1.” The TitleExpress 2010 HUD-1 release follows TSS’s launch of its FreeHUD1.com Web site in March, which also includes an interactive 2010 HUD-1 and GFE. In developing all customer options, TSS consulted with HUD personnel to ensure the forms’ accuracy. For more information, visit www.iwantTSS.com.
flexible technology, including ISIS, the firm’s proprietary Web-enabled default solution and data warehouse. In addition, The National Groups utilizes third-party default management software solutions like REOTrans, a provider of asset, vendor and REO management software, and DRI, a leader in default management solutions, by client request. Both strategic partners provide The National Groups an integrated process flow around loan modifications, short sales, deed in lieu of foreclosure, and REO processes. The National Groups, which partnered in the development of DRI’s HAMP platform, has fully trained its representatives on both firms’ applications. As part of the Program roll out, The National Groups is reintroducing its full valuation suite of products offered through National Valuation Services LLC, a nationwide provider of all types of valuation products and valuation quality control services. “Today, it’s all about expertise and
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