Home / Daily Dose / The Industry Pulse: Updates on Black Knight, Ginnie Mae, and More … Related Articles Print This Post March 22, 2018 3,864 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago App Black Knight Caliber Home Loans Fannie Mae Ginnie Mae Homes HouseCanary LenderLive Loan mortgage MPF Technology 2018-03-22 Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. From new appointments to new milestones, get the latest information on the industry in this weekly update.Florida-based Black Knight, Inc. announced that Fannie Mae has signed an agreement to continue its use of the Default Management Reporting System (DMRS). Developed by Fannie Mae and Black Knight, DMRS provides an online tool where servicers and the attorney firms they work with can report foreclosure and bankruptcy milestone events that occur on Fannie Mae loans. The tool is designed to make processes more efficient through the standardization of industry terminology, data transparency, and a reduction in investor data requests. The DMRS technology aggregates and links servicer and attorney data then evaluates it to identify process and timeline discrepancies. Servicers and attorneys are notified of any discrepancies, so they can take appropriate corrective action. This centralized data-reporting tool is used throughout the bankruptcy and foreclosure process and offers an easy-to-use interface for data submission and monitoring.________________________________________________________________________________________The MPF Program recently surpassed $1 billion in mortgage-backed securities (MBS) issued. The MPF Government MBS product was the result of a partnership forged by the Federal Home Loan Bank of Chicago and Ginnie Mae to issue securities guaranteed by Ginnie Mae and backed by mortgages originated by FHLB member financial institutions. The product provides mortgage lenders, particularly smaller institutions, direct access to the secondary mortgage market, and more options when creating mortgage products for their home-buying customers. The MPF Government MBS product was initially made available only to eligible participating members of the Federal Home Loan Bank of Chicago and has now expanded to six Federal Home Loan Banks that can now offer the MPF Government MBS product to their members.___________________________________________________________________________________________Coppell, Texas-headquartered Caliber Home Loans, Inc. (Caliber), has announced the launch of a new mobile platform. Featuring three mobile phone apps customized for three user groups–borrowers, the Caliber sales force, and their business associates–all users receive real-time information and the ability to respond from virtually anywhere. Caliber processes data from all three apps on the back end, which enables efficient and effective communication across the loan process. “We customized each of these new mobile apps to provide user-friendly access to all touchpoints in the mortgage system,” said Sanjiv Das, CEO, Caliber. “This greatly increases the efficiency of the process and will help us close loans even faster. We’re well-aware that today’s consumers prefer to manage their finances via cell phone whenever possible.”__________________________________________________________________________________________A federal jury in Texas has awarded HouseCanary, a provider of real estate valuation and assessment tools, $706.2 million in its breach of contract and trade secret misappropriation case with Title Source, an affiliate of Quicken Loans, now known as AMROCK, Inc. Trial litigation firm Susman Godfrey secured the jury verdict for HouseCanary in the misappropriation of trade secret and breach of contract case related to HouseCanary’s technology for valuation, appraisal, and real estate analytics. At the conclusion of the six-week trial, a 12-person jury found unanimously in favor of HouseCanary, on counterclaims in this high-stakes legal battle._________________________________________________________________________________________LenderLive Holdings Inc., a mortgage services provider based in Denver, has announced that Ian Morgan has been promoted to Chief Information Security Officer (CISO). In this role, Morgan will be responsible for the confidentiality, integrity, and availability of the company’s information assets, partnering with LenderLive’s business lines to strengthen existing security controls, setting the strategic direction of information security at LenderLive and adhering to regulatory requirements. He will report to Lorie Helms, Chief Information Officer (CIO). Morgan joined LenderLive in September 2010. Throughout his career with LenderLive, he has held positions of increasing management responsibility within the organization. Most recently, Mr. Morgan served as vice president, Technology Solutions, where he guided the build-out of the company’s workflow system, strengthened the company’s eSign, eMortgage, and document imaging platforms, and strove to secure business systems by meeting comprehensive audit requirements. 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HOLMDEL – After a Saturday morning fire destroyed a home and injured two fire fighters, the township is announcing plans to evaluate its fire department personnel and procedures.According to a media release issued Sept. 5, a study of the township’s Fire Department Master Plan is underway and being conducted by fire protection consultant Harry R. Carter, Ph.D.Carter began data collection and a review of the township’s fire safety equipment and procedures in August and will be conducting interviews with fire department personnel, township committee members, mutual aid fire departments, municipal government officials and other interested parties this month.Holmdel Township Mayor Tom Critelli said resident safety is paramount for the Township Committee and the fire department plays a major role in providing the community with that sense of security. “This governing body is willing to explore any avenue that will improve the mechanisms by which our fire safety personnel serve our residents and this study will only support our efforts,” he said.At 6:54 a.m. a fire was reported in an outdoor kitchen at 6 Barrister Drive. Authorities were on the scene by 7:01 a.m. Police successfully evacuated all residents from the home.The Holmdel Township Fire Department arrived on scene by 7:11 a.m. where they found the home completely consumed by flames.Mutual aid was requested from surrounding fire companies, including those from Colts Neck, Hazlet, Middletown and Tinton Falls, and the blaze was contained by 10:50 a.m.The two firefighters injured at the scene were treated on site by Holmdel Township First Aid and later transported to Bayshore Medical Center for further evaluation. One of the firefighters sustained an injury while falling through the floor of the burning structure and the second was treated for smoke inhalation.Part of Carter’s report will analyze the location of the township’s firehouses, as well as personnel staffing, retention and recruitment methods and response times.The township dispatches fire trucks from two locations at 14 Crawfords Corner Road and 13 Centerville Road.Carter has a doctorate of philosophy in fire service administration and has served as a municipal fire protection consultant since 1980. He currently serves as the fire commissioner and board chairman for Howell Township and from 1973 to 1999 he was a fire chief and division commander for the city of Newark.“Based upon his own independent findings, Carter will make recommendations for a plan that he feels would best serve Holmdel and its residents. The Township Committee looks forward to reviewing his report,” committeeman Rocco Pascucci said.Carter’s full report will be completed in December and introduced to residents at a Township Committee meeting that month.This article was first published in the Sept. 6-13, 2018 print edition of The Two River Times.