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(MSR) portfolios. The companies began working together in February after Pingora selected LenderLive to handle a portion of its portfolio. "We wanted a nimble partner; one who understands all the nuances of this industry," said Pingora CEO Michael Lau. "LenderLive immediately stood out not only because of its comprehensive servicing offerings without legacy constraints, but also its Denver location, which would make working with the company much more convenient. These two important business aspects made it an easy decision for us, and working with LenderLive has already helped improve our business efficiency." Founded in 2012, Pingora was started on the premise of carving out an investment pool consisting of the growing number of MSRs from newly originated performing loans. The firm initially reached out to LenderLive after purchasing its first group of Fannie Mae MSRs. "Pingora's management team has extensive experience in the market, and they know what business processes are necessary to run a successful and risk-adverse mortgage fund," said LenderLive CEO Rick Seehausen. "We take pride in being able to work quickly and efficiently to meet the needs of our customers and their clients. As Pingora continues to grow and build relationships, LenderLive is committed to being a trusted partner." RE/MAX Grows Global Reach RE/MAX can now be found in more than 90 countries, the Denver-based global franchisor announced. Recently, RE/MAX grew its international presence after selling franchise rights in Lebanon, Qatar, Kuwait, and Uganda. And, in the last six months, RE/MAX added new operations in 10 countries, leading to more than 370 franchise sales. "Our new regions have the opportunity to influence local professional standards as they introduce a high level of customer service," said Larry Oberly, RE/MAX VP of global franchise and business solutions. RE/MAX's website, Global.Remax. com, is also used to help enhance the company's global presence. Through the site, which can be translated into 36 languages, users can search for residential, luxury, and commercial real estate around the world. 76 Connecticut rank: 6 90+ Day Delinquency Rate Foreclosure Rate May 2013 2.7% Unemployment Rate 4.9% 8.0% year ago 2.7% 5.6% 8.4% year-over-year change -0.4% -11.7% -4.8% Top County Windham CounTy 90+ Day Delinquency Rate Foreclosure Rate May 2013 3.6% 7.7% year ago 4.0% 8.4% year-over-year change -10.9% -9.0% Top Core-Based Statistical area WillimanTiC, CT 90+ Day Delinquency Rate May 2013 3.6% Foreclosure Rate 7.7% year ago 4.0% 8.4% year-over-year change -10.9% -9.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Glastonbury First Connecticut Town to eRecord The town of Glastonbury in Connecticut recently became the first in the state to record an electronic real estate document, Corporation Service Company (CSC) announced. After forming a partnership with CSC and NewVision Systems Corporation, the town clerk's office in Glastonbury was able to record a lien release on June 25. Now, real estate document submitters can eRecord with the town clerk as long as they have a computer, Internet connection, and a scanner/printer. "CSC's eRecording technology is an invaluable partner in the modernization of our recording process," said Joyce P. Mascena, Glastonbury town clerk. "As a result, our town has moved to the forefront of document management and processing technology. We are proud to offer this service in our continued efforts to better serve our constituents." "We're very pleased to have helped the town of Glastonbury make history in the state of Connecticut," said Mark Rosser, VP for CSC. "The increased efficiency and accuracy has the potential to significantly reduce both origination and recording costs, saving money for the recording office and those they serve on a day-to-day basis." Total Mortgage Opens New Connecticut Branch Total Mortgage Services, a leading mortgage lender headquartered in Milford, Connecticut, announced the expansion of its mortgage lending services with the opening of a new branch in Fairfield. The new office will offer personalized mortgage lending services to borrowers in Fairfield and the surrounding Connecticut communities. It will be led by co-branch managers Joe Bartolomeo and Thomas Bepko, both longtime residents of the area. Bartolomeo is a 25-year veteran of the mortgage industry and is co-founder of Total Mortgage Services. Bepko has more than a decade of mortgage experience, having entered the industry after leaving the Army. Delaware rank: 18 90+ Day Delinquency Rate Foreclosure Rate May 2013 3.5% Unemployment Rate 3.0% 7.2% year ago 3.8% 3.2% 7.1% year-over-year change -6.7% -8.5% 1.4% Top County KenT CounTy 90+ Day Delinquency Rate Foreclosure Rate May 2013 5.1% 3.8% year ago 5.1% 4.0% year-over-year change -0.8% -3.9% Top Core-Based Statistical Area Dover, De 90+ Day Delinquency Rate Foreclosure Rate May 2013 5.1% 3.8% year ago 5.1% 4.0% year-over-year change -0.8% -3.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.