Technology Corner

ATTOM Data Solutions has added yet another new data product to the ever-expanding ATTOM Table of Data Elements – the ATTOM Rental AVM. This new solution, built from the foundation of the company’s nationwide property database, provides rent estimates for over 72 million single-family residences nationwide.

Intercontinental Exchange (ICE), Inc. a provider of data, technology, and market infrastructure, recently announced it has entered into a definitive agreement to acquire Black Knight, Inc.

The cash and stock transaction values Black Knight at $85 per share, or a market value of $13.1 billion, and builds on ICE’s position as a provider of end-to-end electronic workflow solutions for the rapidly evolving U.S. residential mortgage industry.

Read on for more details about this key industry acquisition.

Black Knight, Inc. recently launched CA Risk Profiler Plus, a tool designed to help mortgage lenders, appraisers and AMCs identify potential minority bias in the home valuation process.

This collateral review process can help reduce risk exposure for lenders and appraisers and support more equitable underwriting decisions.

Read on for more information.

Asteroom Inc. recently launched its new nationwide desktop appraisal data collection service. This service enables the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19.

LoanLogics recently launched LoanBeam Wage, an automated tool that enables lenders to calculate wage earner borrower income quickly and accurately. The calculations are from paystubs and W2s, solving the paper-based challenges these income sources represent.

Trinity Real Estate Solutions, a nationwide provider of draw inspections, construction loan administration solutions, field services and appraisal services, recently launched a floor plan sketching solution. This solution captures high-fidelity floor plans with ANSI-aligned standards for calculating digital gross living area, high resolution photos and a pdf-based home report, all via a mobile device.

Paradatec, Inc., a provider of artificial intelligence-based document classification and data extraction technology for mortgage and real estate documents, has released Version 8.0 of its enterprise software. The new version will deliver touchless document classification and expanded data extraction audit trails for enhanced process automation.

SitusAMC has launched its Warehouse Administration Services, a comprehensive suite of technology-enabled turnkey services to help warehouse lenders setup, execute, enhance and scale their warehouse businesses. The company said the service will also improve efficiency and reducing costs.

Clear Capital recently launched Desktop Appraisal and Desktop Data Collection.

These are two products designed to modernize and increase certainty in the appraisal process.

Read on to learn more.

As the mortgage industry enters a down cycle, blockchain technology is emerging as a viable tool for lenders struggling with high origination costs, shrinking margins, complex processes and slow investor delivery. This is according to the mortgage advisory firm STRATMOR Group.