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VISIT US ONLINE @ DSNEWS.COM IN THE NEWS Florida Realtors Group Echoes Concerns over FHFA Bulk Sales (C.A.R.) is not the only state-specific Realtor group suspicious of the Federal Housing Finance Agency's (FHFA) REO-to-rental initiative involving the bulk sale of govern- ment-owned foreclosures to institutional investors. Florida Realtors stated that it has The California Association of Realtors "expressed concerns to the National Association of Realtors (NAR) about the issue and is requesting member feedback on how the FHFA bulk sales issue affects the Florida market." According to the trade group, 775 homes agents from inside the MLS. Agents can also view the status of their offer online and amend their offer terms at any time. "We are very excited about working with MIAMI and providing great service to all their agents," said eBrokerHouse CEO Alan Fenn. "This is not your run-of-the-mill pre- ferred vendor type of agreement. This is a true partnership and MLS integration, and we ex- pect to make a huge impact on improving the way MIAMI agents manage their businesses and accept, manage, and negotiate offers." "At MIAMI, we are committed to empowering our members with leading-edge tools and services that will result in business success and profitability," said MIAMI CEO Teresa King Kinney. "We are very excited to provide this tool that is so important to our members and their business." in the state had winning bids from buyers in FHFA's July pilot sale, with 190 in Central and Northwest Florida, 418 in Southeast Florida, and 167 on the West Coast. The California Association of Realtors NTC Unveils Product Improvements at Five Star Conference (C.A.R.) has accused FHFA of "moving ahead with its REO bulk sales pilot initiative in a highly secretive manner, despite vehe- ment opposition from California congressio- nal members, the negative economic impact to the state's housing market, and cost to taxpayers." eBrokerHouse Partners with Miami Association of Realtors (MIAMI) and eBrokerHouse, Inc., have entered into an agreement that will make the eBrokerHouse platform available to MIAMI's membership. The service launched for MIAMI in September and is fully integrated with the organization's multiple listing service (MLS). Member listing data is automatically The Miami Association of Realtors populated into their eBrokerHouse accounts, eliminating any need for agents to re-enter listed data after it has already been entered into the MLS. eBrokerHouse is also working with Core- a national post-closing services provider headquartered in Palm Harbor, Florida, maximized its presence at the Five Star Conference and Expo in Dallas in early September, rolling out its newly improved PerfectChain Assignment Verification Report. NTC launched PerfectChain in 2011 Nationwide Title Clearing (NTC), secured a spot at number 2,730, showing 85 percent growth between 2007 and 2011 despite a faltering economy. The company attributes its growth, in part, to the release of the PerfectChain Assignment Verification Report in 2011. "The fact that NTC has fared so well in such a grim economy is a testament to the initiative and drive of the NTC work force," Hillman said. "Their ability to deliver highly accurate and fast results has put them into a position of leadership and support to their clients, which include eight of the 10 largest mortgage lenders and servicers in the U.S." In order to qualify for Inc.'s list, a company must have generated at least $100,000 in revenue in 2008 and at least $2 million in 2011. It must also be privately held, for-profit, U.S.- based, and independent. In a memo regarding last year's list, Inc. editor-in-chief Jane Berentson said the achievement "puts [the recipient] in rarified company, especially if you consider that there are nearly 7 million private, employer-based companies in the U.S.A." VendorSelect Announces Partnerships with REflex and Foreclosure.com and has worked since then to streamline the service in accordance with regulatory and industry standards. CEO John Hillman explained the company felt it was necessary to keep improving on the report service to help mortgage lenders and servicers comply with ever-changing rules and meet clients' internal benchmarks. PerfectChain is one of NTC's most requested services. The company provided service consultation, including samples of assignment verification reports, at its exhibit during the Five Star Conference. "Being able to show conference guests announcements last month involving strategic partnerships with industry partners. VendorSelect has chosen REflex Technologies to act as its sole technology provider. In addition, VendorSelect will serve as Foreclosure.com's exclusive vendor management company as the foreclosure listing site grows its property preservation network. The REflex alliance will allow VendorSelect made two corporate VendorSelect's real estate agents and brokers to turn around valuations—such as broker price opinions (BPOs)—more rapidly in order to exceed asset owner expectations at a lower cost, VendorSelect explained. "With the ever-growing need for Logic, MIAMI's MLS software provider, to embed a Smartlink into the MLS that will allow buyers' agents to submit offers to listing how we can help them save money, improve process, and comply with regulations is an opportunity we greatly value," Hillman said. "Attending events such as the Five Star Con- ference not only strengthens our company by collaborating with industry leaders providing valuable feedback both ways, but it allows us to convey the knowledge we've acquired over the years to help the industry as a whole." In August, NTC received the news that it made Inc. Magazine's list of America's 5,000 fastest growing companies. NTC automated solutions in today's rapidly changing landscape, VendorSelect has jumped feet-first into meeting those needs," said Patrick Butler, director of partner relations at VendorSelect. "This partnership is definitely a two-way street that enables the REflex Technologies team to hit the ground running for the benefit of the qualified professionals in the VendorSelect network and their clients." According to Butler, the first major leap is the launch of a new, cutting-edge valuation tool—a technology-driven BPO slated for launch in Q4 2012. 89

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