BasePoint tackles fraud in home equity: Carsbad, Calif.-based BasePoint Analytics said Monday that it had introduced what company officials said what the first fraud detection solution designed to address the home equity market. The company’s FraudMark for Home Equity platform enables lenders to focus investigation on the most risky applications before spending resources for underwriting and external verifications, the company said in a press statement. FraudMark can also be used to assess current risk within a home equity portfolio in order to take proactive measures to mitigate losses, as well. “Lenders are suffering high losses on their home equity portfolios, often due to funding loans with undetected fraud such as income, employment, straw buyer and identity theft,” said Tim Grace, president and CEO of BasePoint Analytics. (www.basepointanalytics.com) Radian, NYLX partner up: Radian Guaranty, the MI subsidiary of Radian Group Inc. (RDN), announced that it had partnered with product and pricing data provider NYLX to incorporate Radian MI directly into its mortgage pricing and eligibility process. As part of this partnership, NYLX will include Radian’s rates and guidelines in their industry leading pricing and eligibility platform to calculate MI on loans. In addition, Radian officials said they will look to “educate customers on the value of the NYLX solution” and how to maximize profitability through automation. (www.nylx.com and www.radian.biz) MRG, ComplianceEase integrate: MRG Document Technologies, a Dallas-based provider of compliance and documentation services for the financial industry, said Monday it had integrated with San Francisco-based ComplianceEase, a provider of risk management solutions for the residential mortgage industry, to provide automated compliance auditing for closing documents prepared by MRG. The integration enables lenders using MRG to immediately access all ComplianceEase tests and reports online; audit results for possible compliance issues are available in both summary and detail formats, as well, company officials said. The partnership tends to underscore an emerging focus on compliance within the origination side of the business, and is far from the first; we’re still not entirely sure why more of this wasn’t being done during the boom, however. It took the worst housing bust in our nation’s history to bring about a focus on automated compliance in document prep? (www.mrgdocs.com and www.complianceease.com) MSR trades get some automation: Tradeweb, a well-known over-the-counter multi-asset class online marketplace owned by Thomson Reuters and 10 leading global dealers, announced today that it has entered into a strategic agreement with the Mortgage Industry Advisory Corp., or MIAC to the rest of us. The agreement allows buy-side traders on Tradeweb to upload trades into MIAC’s software suite without manual intervention. The integration enables MIAC clients to automate the trade input and confirmation process, while retaining complete transparency and control. MIAC officials told HW they were the first mortgage analytics provider to adopt such a solution. (http://www.miacanalytics.com) Disclosure: The author held no relevant positions when this story was published. Indirect holdings may exist via mutual fund investments. HW reporters and writers follow a strict disclosure policy, the first in the mortgage trade. Editor’s note: Tech Roundup runs each week; to have your company’s news considered for inclusion here, send an email with your press statement to [email protected].

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