MBA NewsLink Staff
CoreLogic Launches PanoramIQ
CoreLogic, Irvine, Calif., launched PanoramIQ, designed to deliver a more complete view of property data with more current and reliable sources than public-record data alone. Using a combination of public and proprietary property datasets, a unique property ID, machine learning and advanced analytics, PanoramIQ provides lenders, mortgage industry professionals and government entities with deeper, more accurate and complete property insights, allowing clients to make better decisions in a timely and efficient manner.
Using a proprietary methodology, CoreLogic can bring thousands of disparate property data sets together through PanoramIQ. Traditional sources of property information, such as public-record data alone, can often have gaps or fail to reflect the latest information on a property. By bringing together a variety of property data sources, combined with advanced analytics, PanoramIQ delivers an up-to-date, comprehensive view of a property.
Ginnie Mae MBS Outstanding Increases to $2.056 Trillion
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled $24.543 billion in February.
A breakdown of February issuance includes $23.224 billion of Ginnie Mae II MBS and $1.319 billion of Ginnie Mae I MBS, which includes $1.160 billion of loans for multifamily housing. Ginnie Mae's total outstanding principal balance of $2.056 trillion is an increase from $1.934 trillion in February.
Closepin Announces New Wire Instructions Verification Tool
Closepin, Plymouth Meeting, Pa., released its latest enhancement, a wire instructions verification tool designed to assist lenders in their efforts to reduce risk of fraud.
Closepin's core business offers lenders automated compliance validation of closing agents. Clients can now instantly verify wire instructions on the same platform.
First American Mortgage Solutions Enhances Collateral Inspection Services
First American Mortgage Solutions LLC, Santa Ana, Calif., announced enhancements to its collateral inspection services with mobile-enabled technology.
The company's collateral inspection services now include a new mobile inspection application; a collateral inspection portal; and trained, vetted national staff and panel inspection services.
Equity Elite Now Available through ReverseVision
Reverse Mortgage Funding LLC, Bloomfield, N.J., announced its proprietary product Equity Elite is now available in ReverseVision's flagship loan origination system, ReverseVision Exchange.
Equity Elite offers lending limits of up to $4 million, no mortgage insurance premiums and the ability to lend on non-FHA approved condominiums and planned unit developments. It not only enables those with higher-value homes to access more home equity than is possible with a HECM, it also serves a broader scope of borrowers who are sensitive to higher up-front costs. RMF-approved originators can now access Equity Elite through both the company's loan origination system, Tango Reverse and ReverseVision RVX in select states.