November 2012

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Page 12 of 79

ON THE WEB with LendingQB allows lenders to generate accurate compliant documents the first time—every time—while remaining in their native system of record, thus ensuring data consistency," said Steve Ribultan, DocMagic's di- rector of business development. "The tight integration we have HOME PRICES, THE WEBSITE REVEALS POSITIVE FINDINGS. DataQuick Announces Acquisition of Rels Title FOLLOWING THE COMPANY'S AGREEMENT TO PURCHASE RELS, DATAQUICK HAS EXPANDED AND DIVERSIFIED INTO A WIDER RANGE OF SERVICES. pany first revealed the transac- tion in September, and with the acquisition, DataQuick's offer- ings now include nationwide escrow, title examinations, commitment and clos- ing services, and more, all backed by local practice and regulation expertise. "The addition of Rels Title has announced the expansion of its title solutions offerings with the acquisition of Rels Title. The real estate analytics com- San Diego-based DataQuick year may be the first year since 2006 the housing market records an annual price increase, accord- ing to a recent report by Trulia. At the current rate of change, the year could close with a 4 percent annual price increase, according to the website's findings. Asking prices rose 2.5 percent If current trends persist, this year-over-year in September. When foreclosure sales are ex- cluded, prices were up 3.5 per- cent. Month-over-month, asking prices were up 0.5 percent in September. increase; Iowa, a 3.2 percent rise; Missouri, a 2.4 percent gain; and Virginia posted a slight 0.4 percent increase. Meanwhile, rent prices not Colorado posted a 5.5 percent AND MRG ANNOUNCE NEW INITIATIVE. only continue to rise but also are rising faster than home prices. Trulia recorded a 4.8 percent rise in rental prices year-over-year in September. Riddle & Gianna (MRG) are teaming up to offer attorney-backed compliance services to mortgage lenders, recently announcing that the two companies are joining forces to provide financial institutions with assistance in addressing legal and regulatory requirements. "In this new environment, lenders are faced with increased compliance de- mands with less margin for error," said Roger Fendelman, VP of compliance at Interthinx. "Most originators do not have sufficient Interthinx and Middleberg significantly expands our abil- ity to deliver high-quality title solutions to the lending commu- nity," said DataQuick President John Walsh. "We also expect to be able to deliver a greater array of related solutions to existing Rels Title customers." Leslie Foster, president of Rels Title, will join DataQuick to lead its title operations. Referring to Foster's executive and title industry expertise, Walsh said he expects she "will be a great addi- tion to [DataQuick's] leadership team." WEB AT WORK Trulia Predicts Significant Pricing Gains FORECASTING STRONG INCREASES FOR THE NATION'S price rebound couldn't be better for President Obama," said Jed Kolko, chief economist at Trulia. He points out that asking "The timing of the housing Miami experienced the steepest price gains year-over-year in September, with rent in Houston rising 15.9 percent and rent in Miami rising 10.4 percent. On the other hand, San 25 largest rental markets, Trulia found Houston and In a survey of the prices are rising in most swing states, which will help the presi- dent's campaign. North Carolina is the only swing state to record a year- over-year price decline in September, and that was less than a 1 percent decline. Nevada posted the greatest Francisco, which recorded a 14.5 percent rent price gain in June, posted a 7.2 percent gain in September. Industry Partnership Targets Compliance Concerns increase among the swing states, 7 percent, closely followed by Florida with a 6.9 percent increase. ADDRESSING THE INDUSTRY'S LEGAL AND REGULATORY ENVIRONMENT, INTERTHINX experts at MRG's Document Technologies. The two organizations hope to put their compliance and legal expertise to work to provide detailed compliance reviews without the need for system integration. "We understand the increased compliance specialists and the by Interthinx mortgage reviews performed pressure on lenders to be fully compliant with the ever-chang- ing legal and regulatory require- ments," said Michael L. Riddle, managing partner at Middleberg Riddle & Gianna. "That's why we established this service with Interthinx to provide content analysis for lenders." Based in Agoura Hills, combines technology with knowledgeable these issues." The service in-house staff or expertise to address California, Interthinx provides risk mitigation tools with a focus on mortgage fraud and regulatory compliance. MRG Document Technologies, a practice group of the Dallas- based Middleberg Riddle & Gianna law firm, provides com- pliance and mortgage technology products and services in the document compliance space. THE M REPORT | 11

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