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DS News February 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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92 92 INVESTMENT PROPERTY PRESERVATION TECH AVANTA RISK MANAGEMENT LAUNCHES RESBLOCK 3.0 Avanta Risk Management has announced the release of resBlock 3.0. is production release includes enhancements and new functionality to improve client's online experience, further transparency efforts, and move the technology rapidly towards the future. With the completion of the first phase of blockchain integration into the resBlock system, clients will be able to verify the authenticity of HOA documents on the Factom blockchain. "is is the first step in a series of blockchain releases that will provide our industry a faster, safer way to verify key information and establish trust," said Kevin Brown, CEO of Avanta. Avanta's proof of existence model allows partners to verify document timestamps and document integrity on the public Factom blockchain using Factom Inc.'s Harmony Connect. is privacy-preserving solution provides verifiability without revealing actual data or content, establishing additional trust in processing metrics and document authenticity. "We are excited to partner with Factom to bring blockchain technology to our data suppliers and clients," Brown said. "We will continue to explore the uses of blockchain with a goal to leverage cryptocurrencies and blockchain technology to record payment transactions and develop electronic audit trails creating real efficiencies and improving trust across the industry." Avanta Risk is a property technology company specializing in data acquisition, analytics, and services for the real estate industry. "We use leading edge technologies to simplify the process and eliminate the challenges of data attainment and reliability. Visit AvantaRisk.com to reduce your costs and enhance your customer experience." Factom Inc. is an Austin-based blockchain technology company providing data provenance solutions to the public and private sectors around the world. "Factom specializes in building scalable technology that makes it impossible to falsify the past, solving critical security, efficiency, and privacy-related business problems. For more information, please visit Factom.com." NEW TECH LEADER FOR REAL ESTATE TAX PROVIDER LERETA, LLC, a provider of real estate tax and flood services for mortgage servicers nationwide, tapped Steve Orgill as CTO. Orgill, who has more than 25 years of experience in the financial services industry, is directing the company's customer-focused digital transformation. Orgill has a proven track record in developing and executing successful product and technology strategies. His experience with bridging gaps between a company's operations and technology teams ensure consistent value delivery aligned with business strategy and continued growth. "Having worked with Steve previously, I have seen first hand his ability to lead enterprise initiatives and build consensus around the introduction of productivity-enhancing technologies," said John Walsh, CEO, LERETA. "His skill set is uniquely qualified to help support our continued growth." Orgill has had several C-suite positions, most recently being COO of First American Settlement Management Solutions. He was VP of Strategic Architecture at Stewart Information Services, CTO at DataQuick Information Systems, and CTO at HydrantID. He also had several top executive positions leading change during his tenure at First American and CoreLogic. "It's an exciting time to be part of the LERETA team leading much-needed change in the industry," Orgill said. "We are growing our product and technology solutions team comprised of industry experts and cutting- edge tech talent from the LA area. Our goal is to deliver innovative value for customers in support of continued aggressive growth." is how much single-family rent prices rose annually, according to CoreLogic. SOURCE: CORELOGIC'S OCTOBER SINGLE-FAMILY RENT INDEX. STAT INSIGHT 3.1% 3.1% Journal

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