Guru Networks, a developer of technology products for the residential real estate industry, announced it has upgraded its Synteleos Transaction Management Network product and is offering the enhancements at no additional cost to existing customers.

GURUNet also announced a new volume discount schedule under which current users may obtain lower prices, based on the number of completed transactions. The company has eliminated fees for listings and minimum monthly charges and training and implemented a free-training-for-life policy with help desk support.

"We've created a user advisory board to ensure that we listen to our users and understand their needs," said CEO Ike Broaddus. "Brokers are tired of being promised enhancements by their software vendors, then having to wait for them. At GURUnet, we announce the new functionality only after it has been fully tested and is available for their use."

"Our development team is now working on the next release of the software, which will provide a platform for future enhancements," Broaddus added.

Ellie Mae connects to Home Value Explorer

Pleasanton, Calif.-based Ellie Mae, a loan origination software provider, announced it has established a direct connection to Applied Technology Solution Integrators in order to access Freddie Mac’s new Home Value Explorer.

Freddie Mac claims Home Value Explorer differs from other automated valuation model products because of its ability to provide real national coverage. The service covers more than 2200 counties, including all 50 states plus the District of Columbia.

ATSI offers services and products to financial services companies through an interactive system that orders, tracks and manages financial applications. ATSI is an authorized reseller of Home Value Explorer.

BD Group announces release of LoanXEngine software

The BD Group, a Denver-based management consultancy and product development company, announced the release of its LoanXEngine software. LoanXEngine is available as an outsourced Web-based service or purchased software product. The product was developed to give mortgage brokers an automated technology tool to deliver the best loan pricing and execution available, according to the company.

The pricing software analyzes factors, rules and adjustments to identify the best-priced loan for customers while maintaining the broker’s profitability requirements, a news release said. The proprietary system enables brokers to make daily and loan-by-loan adjustments to manage their loan profitability and volume and can handle thousands of products, points, rates, locks and program combinations from multiple lenders, the company said.

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