Author Archives: Dark Matter Technologies

Monterra Credit Union elevates the member experience with the Empower LOS from Dark Matter Technologies

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

One of California's top 50 credit union lenders by mortgage loan volume, Monterra CU attributed its selection of the Empower LOS to the origination system's self-service configurability, its robust integrations with best-in-class product and pricing engines (PPE) and customer relationship management (CRM) platforms, and its support for the digital closings Monterra CU members increasingly prefer. In addition, the credit union expects to be able to close loans more quickly and process more loans per full-time employee with the help of the "lights-out" task automation that is native to the Empower LOS.

"Through the integration of the Empower LOS, Monterra Credit Union is enhancing the mortgage experience for our members, increasing efficiency and priming ourselves for future growth," stated Wade Painter, president and CEO of Monterra Credit Union. "Our team eagerly anticipates the array of new features and process improvements this partnership brings, underscoring the strong rapport we've cultivated with the Dark Matter team. We're confident that Dark Matter is the right partner for us."

"It was clear from the outset that the mortgage team at Monterra Credit Union is serious about two things: elevating its members' mortgage experience and future-proofing its business," said Dark Matter CEO Rich Gagliano. "With the Empower LOS, Monterra CU gains access to comprehensive automation and customization capabilities that align perfectly with this commitment to member-centricity and sustainable growth. We are honored to have earned Monterra's business and look forward to a long and fruitful collaboration."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

Related link: https://www.dmatter.com

Dark Matter Technologies’ Rich Gagliano honored as one of Jacksonville’s top 25 CEOs by Key Executives

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter) today announced that its CEO Rich Gagliano has been recognized by Key Executives, a periodical publication providing news and information on today's leading corporate executives, as one of 2024's Top 25 CEOs of Florida's largest city, Jacksonville. The award recognizes CEOs from diverse sectors and industries whose trailblazing ideas and strategic leadership have contributed to Jacksonville's economic significance.

Rich Gagliano launched Dark Matter as an independent company in September 2023 after serving more than 6 years as president of its predecessor, Black Knight Origination Technologies, a division of Black Knight Financial Services. Gagliano's leadership of Dark Matter is informed by more than 30 years of experience in financial services at companies including Aurora Bank, Bank of America, Nexstar Financial Corporation, Citi and Mercantile Bank.

Dark Matter employs more than 1,300 team members and is headquartered in Jacksonville's Deerwood neighborhood. The company's award-winning software as a service offerings for banks, credit unions and independent mortgage lenders include artificial intelligence (AI) solutions and the Empower(R) loan origination system (LOS).

"Our city has a rich history and a bright future," said Gagliano. "Dark Matter endeavors to build on that legacy and support Jacksonville's growing influence in the technology sphere as a leading local employer and innovator."

Key Executives, formerly known as C-Suite Spotlight, delivers insights on today's leading corporate executives to more than 32,000 individuals and businesses. View the full list of Jacksonville's Top 25 CEOs here: https://www.thekeyexecutives.com/2024/04/15/the-top-25-ceos-of-jacksonville-for-2024/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter) today announced that its CEO Rich Gagliano has been recognized by Key Executives, a periodical publication providing news and information on today's leading corporate executives, as one of 2024's Top 25 CEOs of Florida's largest city, Jacksonville. The award recognizes CEOs from diverse sectors and industries whose trailblazing ideas and strategic leadership have contributed to Jacksonville's economic significance.

Related link: https://www.dmatter.com

Dark Matter and Total Expert partner to boost lender revenue through best-in-class mortgage automation and customer engagement

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter) today announced a new strategic partnership with Total Expert, the customer engagement platform purpose-built for modern financial institutions. A forthcoming bi-directional integration between Total Expert and the Empower® loan origination system (LOS) from Dark Matter will empower mortgage lenders to generate more leads, improve sales productivity and close more loans by intelligently automating and personalizing the homebuyer journey.

"This highly anticipated collaboration will allow mortgage lenders to harness the combined efficiency of Total Expert and the Empower LOS, both linchpins of the mortgage tech stack and category leaders in intelligent automation, for the first time," said Dark Matter CEO Rich Gagliano. "We expect this integration to deliver huge business value for mortgage lenders at a time when greater efficiency and a straight-line path to revenue growth are paramount."

Total Expert's all-in-one customer engagement platform is trusted by over 200 financial enterprises. Its comprehensive suite integrates data, marketing, sales and compliance solutions to optimize the perfect customer journey through every financial milestone. By translating customer insights into actionable strategies, Total Expert cultivates loyalty and drives growth for modern banks, lenders, credit unions and insurance firms. Customers of Total Expert experience a 20 percent revenue increase in their first year and experience loan retention rates over 60 percent, more than triple the mortgage industry standard of 18 percent.

"Lenders who chose the Empower LOS for its ability to optimize the origination process through automation are going to love modernizing their customer engagement with Total Expert," said Total Expert Founder and CEO Joe Welu. "We can't wait to help Dark Matter customers put their best foot forward in a competitive market and strengthen customer relationships for long-term success."

The all-in-one functionality of the Empower Loan Origination System (LOS) provides lenders with lights-out automation, unrivaled efficiency and exceptional borrower and user experiences for a new era of mortgage lending. For more information, visit https://dmatter.com/empower-los.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

About Total Expert:

Total Expert is the purpose-built customer engagement platform trusted by more than 200 financial services organizations. Total Expert unifies data, marketing, sales, and compliance solutions to deliver the perfect customer journey across every financial milestone-in any market. Total Expert turns customer insights into actions that increase loyalty and drive growth for modern banks, lenders, credit unions, and insurance companies. Total Expert is now available for purchase on the AWS Marketplace and Salesforce AppExchange. To learn more, visit www.totalexpert.com.

Dark Matter Technologies (Dark Matter) today announced a new strategic partnership with Total Expert, the customer engagement platform purpose-built for modern financial institutions. A forthcoming bi-directional integration between Total Expert and the Empower® loan origination system (LOS) from Dark Matter will empower mortgage lenders to generate more leads, improve sales productivity and close more loans by intelligently automating and personalizing the homebuyer journey.

Related link: https://www.dmatter.com

Patelco Credit Union selects the Empower LOS to streamline and bolster home loan and home-equity origination

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

Patelco is California's fourth-largest credit union mortgage lender by number of loans closed annually. The credit union's 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs). According to VP of Lending Vince Salinas, Patelco selected the Empower LOS and its point-of-sale (POS) portals for loan officers and borrowers for the bundled solution's ability to make the loan process up to 20% more efficient for the credit union's members and mortgage team.

"We are constantly evolving to provide the best tools to our team while creating a more streamlined member experience," said Salinas. "We selected the Empower LOS because we see Dark Matter as a partner that will grow with Patelco and allow us to work and serve our members more efficiently as we advance our digital roadmap, ultimately creating a better home buying experience while keeping our mortgage costs low and passing that value on to members."

"Patelco Credit Union has invested significant resources in understanding what its members truly expect from their home buying journey," said Dark Matter CEO Rich Gagliano. "We are proud to help Patelco meet its members' high expectations with a modern mortgage experience enriched by task-based automation and robust integrations that cut unnecessary time and cost out of the process."

The credit union was founded 87 years ago by a few employees at Pacific Telephone and Telegraph Company (now AT&T) with a dream to create a credit union dedicated to helping its members and communities prosper. Today, Patelco serves more than 500,000 members primarily in and around northern California, including employees of over 1,100 large and small businesses throughout the United States.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

Related link: https://www.dmatter.com

Dark Matter Technologies’ Michael Housch named one of North America’s preeminent CISOs

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that its Chief Risk and Information Security Officer Michael Housch has been named to CISOs Connect(tm)'s 2024 list of the top 100 CISOs in North America. Housch was recognized for his role as Dark Matter's chief risk and information security officer as well as for his contributions to the cybersecurity community at large. A member of the Forbes Technology Council, Housch is an information security veteran of two and a half decades who served as CISO of Black Knight (NYSE: BKE) until that company's acquisition by Intercontinental Exchange (NYSE: ICE).

Since 2021, CISOs Connect's annual Top 100 CISOs (C100) has acknowledged the achievements of exceptional security leaders in the United States and beyond who are dedicated to passing on the richness of their accumulated experience to a new generation of cybersecurity practitioners. A panel of ten judges-all CISOs themselves and hailing from such esteemed organizations as Blackstone, American Family Insurance, and McKinsey & Company-evaluated more than 900 nominations before selecting this year's final awardees.

"The immensely valuable role that CISOs play in keeping our world safe and our economies humming has become undeniable as organizations digitize and attacks reverberate across the globe," said John Virden, Miami University Assistant VP for Security, Compliance, and Risk Management & CISO. "Recipients of this award are role models for an industry that will only become more indispensable as time goes by."

"Michael's commitment to safeguarding Dark Matter's digital ecosystem and active role in the InfoSec community sets a gold standard for CISOs everywhere," said Dark Matter CEO Rich Gagliano. "His recognition as one of North America's top CISOs underscores not only his individual expertise but also the collective strength of our cybersecurity initiatives."

CISOs Connect is an interactive community that allows cybersecurity experts to share knowledge through proprietary content, research and analysis while exchanging information, ideas and collaborating with trusted colleagues to make informed business and technology decisions. Watch the virtual award ceremony to see all the 2024 C100 winners: https://www.youtube.com/watch?v=GhvLzrU8hns.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that its Chief Risk and Information Security Officer Michael Housch has been named to CISOs Connect(tm)'s 2024 list of the top 100 CISOs in North America. Housch was recognized for his role as Dark Matter's chief risk and information security officer as well as for his contributions to the cybersecurity community at large.

Related link: https://www.dmatter.com

Bill Warden of Dark Matter Technologies recognized among The Top 25 CFOs of Jacksonville

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that its Chief Financial Officer (CFO) Bill Warden has been recognized on the 2024 list of The Top 25 CFOs of Jacksonville. The Top CFOs awards program honors highly respected CFOs who have driven growth in their companies and the city's business community, solidifying Jacksonville as an economic giant.

Bill Warden has more than 30 years of experience in accounting, financial, operational and treasury leadership. For the last 12 years, Warden has worked in the mortgage technology industry, including serving nearly five years as Senior Vice President of Finance at Black Knight. In his current role as CFO at Dark Matter, Warden uses his financial acumen to optimize the organization's financial performance and ensure its long-term financial stability and growth.

"Bill's expertise in the industry and insight into operating results make him uniquely qualified for his role," said Dark Matter CEO Rich Gagliano. "His ability to lead collaborative discussion and foster ideas brings new insights to every conversation he is part of, driving strategic and creative growth while keeping a keen eye on the financial and economic impacts of every decision."

"When I moved to work in the mortgage sector, I embraced the complexities of the market. I had many leaders and teammates who helped me adapt and grow to meet the unique challenges the mortgage industry encounters," said Warden. "The impact we have on our community as mortgage technology vendors can be large and deeply meaningful to even our own neighbors, and I'm honored to have contributed to Jacksonville's economic strength through this work."

Learn more about The Top 25 CFOs of Jacksonville on The Top CFO website: https://thetopcfos.com/the-top-25-cfos-of-jacksonville-for-2024/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that its Chief Financial Officer (CFO) Bill Warden has been recognized on the 2024 list of The Top 25 CFOs of Jacksonville. The Top CFOs awards program honors highly respected CFOs who have driven growth in their companies and the city's business community, solidifying Jacksonville as an economic giant.

Related link: https://www.dmatter.com

Dark Matter Technologies unveils Horizon User Conference agenda

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the agenda for its Horizon User Conference. Open to Dark Matter clients and partners, the conference will take place at the Fontainebleau Miami Beach Hotel on April 24-25, 2024.

Focusing on the "horizon" of mortgage lending and technology, the user conference features two days of networking events and sessions led by industry leaders and Dark Matter's team of mortgage technology experts.

Highlights from the Horizon User Conference agenda include:

* Preparing for a Brighter Future: Insights from Fannie Mae, Freddie Mac & the MBA

* AI Unleashed: Transforming Business in 2024

* Staying Secure: Navigating Cybersecurity Challenges ft. experts from AWS

* The Dark Matter Ecosystem: Empower, API, and the Portals - Today and plans for Tomorrow

"This year, we are thrilled to bring together the brightest minds in the industry at the Fontainebleau Miami Beach Hotel to share insights, foster innovation and shape the future of mortgage lending," said Dark Matter CEO Rich Gagliano. "Our carefully curated program is designed to empower our clients and partners with the knowledge, tools and connections needed to navigate the evolving landscape of mortgage technology. Together, we will dive deep into the challenges and opportunities that lie ahead, exploring how cutting-edge technology, strategic partnerships, and a commitment to excellence can transform the way we do business."

In addition to opening remarks from Gagliano, the conference will kick off with a welcome reception, and it will conclude with the Horizon Party, which will take place at Wynwood Walls, a street art museum renowned for its mural art.

Sponsors of the Horizon User Conference include CoreLogic, Docutech, Enact Mortgage Insurance, Equifax, Experian, First American Data & Analytics, Global Payments, Halcyon Still Water, Informative Research, KensieMae, Lenders One, Mortgage Guaranty Insurance Corporation, National MI, The Mortgage Collaborative and Wolters Kluwer. Exhibitors include ArchMI, Argyle, CoreLogic, DataVerify-Factual Data, DocMagic, Docutech, Newbold Advisors, Optimal Blue, Truework, Truv, Wolters Kluwer and Xactus.

To register for the event or for more information, please email Dark Matter Chief of Client Engagement, Tony Fox at tony.fox@dmatter.com.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the agenda for its Horizon User Conference. Open to Dark Matter clients and partners, the conference will take place at the Fontainebleau Miami Beach Hotel on April 24-25, 2024.

Related link: https://www.dmatter.com

Dark Matter Technologies named to HousingWire’s Tech100 for innovation in loan origination technology

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced it has been named to HousingWire's 2024 Tech100 Mortgage list of companies shaping the future of the housing finance sector. HousingWire attributed the recognition to the cutting-edge technology behind the Empower(r) loan origination system (LOS), a comprehensive, bundled offering from Dark Matter that provides all-in-one mortgage origination functionality.

The Empower LOS takes a task-based approach rather than a linear approach to automating loan production, allowing multiple processes to run concurrently with minimal lender intervention. By tapping employees only as needed to manage exceptions, the Empower LOS streamlines origination workflows, resulting in significant time and cost savings for banks, credit unions and independent lenders.

"Our approach to innovation is tightly focused on helping lenders curb the runaway expense of loan origination," said Dark Matter CEO Rich Gagliano. "In the last 12 months, we've doubled down on our investments in automation, piloted new applications of artificial intelligence in the origination workflow, and opened up our API architecture to facilitate deeper collaboration with like-minded vendors. It's an exciting time in the evolution of the Empower LOS, and it's an honor to have that recognized by HousingWire with the Tech 100 award."

"One of the most exciting parts of my role at HousingWire is having a front-row seat to witness stunning innovation in mortgage and real estate," said Clayton Collins, CEO of HW Media. "HousingWire is dedicated to serving housing professionals with the full picture, and the full picture isn't complete without deep and insightful coverage and resources to help mortgage and real estate professionals uncover the innovators and solutions that drive growth and efficiency in the housing sector."

Since 2014, the HousingWire Tech100 has acknowledged impactful contributions to housing finance technology. View the full list of winners and read Dark Matter's company profile here: https://www.housingwire.com/company-profile/dark-matter-technologies/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced it has been named to HousingWire's 2024 Tech100 Mortgage list of companies shaping the future of the housing finance sector. HousingWire attributed the recognition to the cutting-edge technology behind the Empower(r) loan origination system (LOS), a comprehensive, bundled offering from Dark Matter that provides all-in-one mortgage origination functionality.

Related link: https://www.dmatter.com

Dark Matter Technologies adds mortgage technology veteran Tony Fox as chief of client engagement

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

Following Black Knight's September 2023 acquisition, Fox assumed a role leading enterprise client management at ICE Mortgage Technology. During his five years with Black Knight pre-acquisition, Fox led the account management team for the origination technology performance group. Prior to his tenure at Black Knight, Fox spent four years as the director of technology and business intelligence at 1st Priority Mortgage. He also brings experience through his former role as a technology consultant, as well as diverse sales and operations experience from his seven years with M&T Bank.

As Dark Matter's chief of client engagement, Fox is responsible for directing the company's account management and client success teams and will report to Sean Dugan, chief revenue officer at Dark Matter.

"We are immensely delighted to welcome Tony to our team, stepping into a role where his expertise and exceptional performance are already well-established," said Rich Gagliano, CEO at Dark Matter. "It's hard to think of a more important role than making sure the clients have a voice, that we're listening to what they need, and deliver products and services in line with those needs."

"Adding Tony to an already deep bench underscores our commitment that client communication is a two-way street. From our user forums to one-on-one meetings, we have a variety of channels for clients to reach out to us, and Tony will be the one shepherding those interactions and making sure our clients' voices are heard and acted upon," added Dugan.

Fox earned his bachelor's degree in math and economics from the University at Buffalo and his Master of Business Administration from Canisius College. He is currently pursuing Certified Mortgage Banker and Accredited Mortgage Professional designations through the Mortgage Bankers Association and is on track to complete both in 2024.

"I am thrilled to join Dark Matter and continue to work with a tremendous team and clients that I've known for years," said Fox. "At Dark Matter, we're on a mission to improve the mortgage process and optimize the workflow for lenders and their customers. I'm proud and grateful to be part of this vision for the mortgage market, and I couldn't have found a better fit to continue my commitment to this industry."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

Related link: https://www.dmatter.com

New workflow in the Empower LOS makes it easier for mortgage lenders to consider rent payments when qualifying first-time homebuyers

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Developed in partnership with Informative Research utilizing the positive rent payment history enhancement in Fannie Mae's Desktop Underwriter® (DU®), the workflow in the Empower LOS is configured to allow lenders to improve pull-through for borrowers who have a history of consecutive rent payments.

Fannie Mae's positive rent payment history enhancement was introduced with the goal of promoting equitable and sustainable homeownership among renters with limited credit histories. By leveraging 12-month asset verification reports furnished by authorized providers such as Informative Research's AccountChek®, and by using an integrated LOS such as Empower, lenders can harness Fannie Mae's DU automated underwriting system can take into account positive rent payment data when assessing the creditworthiness of certain first-time homebuyers. According to Fannie Mae, as of Q4 2023, 5,600 mortgage applications have benefitted from the borrower's positive rent payment history by being deemed approve-eligible. Forty-one percent of the applicants who benefitted identified as Black or Latino/Hispanic.

"Using positive rent payment history in credit evaluations is one of several ways Fannie Mae is improving access to affordable homeownership that supports our commitment to our mission and strong credit underwriting standards," said Peter Skarnulis, Fannie Mae Vice President of Single-Family Digital Management Solutions. "This new workflow makes it more practical for lenders to take advantage of this feature, which can help more first-time homebuyers qualify for a home loan."

The Empower LOS makes it easy for lenders to consider a borrower's positive rent payment history early in the loan process using business friendly configurations rather than code. Here's how it works behind the scenes:

* When a loan application is submitted to DU through Borrower Digital (or another front-end application integrated with the Empower LOS) and does not initially receive an approve-eligible recommendation, DU will determine whether rent payment data could provide a more favorable recommendation.

* If the DU findings recommend evaluating the applicant's rent payment history, the automated engine within the Empower system will suggest obtaining a 12-month asset verification report through AccountChek. The Empower LOS will play the role of the conductor, ensuring the consumer-permissioned asset data gathered from AccountChek is routed for resubmission to DU at exactly the right point in the process as identified by the originator.

* By automating an additional opportunity for borrowers to receive loan approval and move forward, Dark Matter and Informative Research are contributing to Fannie Mae's ongoing efforts to help more renters realize their dream of homeownership.

"This is a prime use case of how business process automation can create value not only for lenders but for borrowers as well," said Rich Gagliano, CEO of Dark Matter Technologies. "Our task-based orchestration engine allows lenders to improve pull-through for borrowers with nontraditional credit references without burdening loan officers or processors."

"Enhancements to lender workflow that make innovative and equitable solutions practicable are a huge step toward making meaningful change," said Informative Research SVP of Marketing and Product Craig Leabig. "Our goal is to blend technology with business process and verification products to improve outcomes."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com.

About Informative Research:

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves over 3,000 mortgage companies, banks and lenders throughout the United States. The company is recognized for streamlining the loan process with their straightforward service model, progressive solutions and cutting-edge technology. To learn more visit https://www.informativeresearch.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Related link: https://www.dmatter.com

Enhanced integration between the Empower LOS and DocMagic adds support for home equity, wholesale channels

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

DocMagic, a leader in fully compliant loan document generation and comprehensive eMortgage services, debuted its native integration with the Empower system last year, making it seamless for retail mortgage lenders who use the Empower system to order initial and closing disclosures from DocMagic without having to build a custom connection. As a result of the latest enhancements to the integration, DocMagic services are now also available for wholesale and home equity originations in the Empower system.

"It's really significant when two best-in-class vendors like Dark Matter and DocMagic integrate their products so customers no longer have to build out custom integrations - now it's a true union," said Rich Gagliano, Dark Matter Technologies' chief executive officer. "We're taking that value and convenience even further by bringing it to multiple origination channels."

"We are thrilled to strengthen our collaboration with Dark Matter, offering top-tier documentation, compliance and eServices while also providing customers of the Empower system exceptional support backed by our award-winning customer service," said DocMagic President and CEO Dominic Iannitti. "We look forward to continuing to integrate our two services further, supplying our proprietary ClickSign®, eNotary and Total eClose™ capabilities."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature, and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

Related link: https://www.dmatter.com

Publix Employees Federal Credit Union inks contract with Dark Matter Technologies to modernize mortgage operations

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(R) Loan Origination Platform in the credit union sector.

Empower combines intelligent process automation with all-in-one functionality to expeditiously process loans with minimal lender intervention. Using a method referred to as "exception-based processing," Empower works behind the scenes to make originating mortgage loans easier, faster and more efficient for lenders and the borrowers they serve.

"Dark Matter aims to become the invisible backbone behind its clients' mission-critical operations by providing credit unions with scalable, next-generation mortgage automation that enhances their members' experience," said Bob Brandt, managing director of sales at Dark Matter.

Headquartered in Lakeland, Florida, Publix Employees Federal Credit Union (PEFCU) is a member-owned co-operative that was founded in 1957 to meet the needs of Publix Super Markets associates and their family members.

"We're here to offer our members exceptional, convenient and innovative financial options throughout all phases of their life," said Jeremiah Kossen, PEFCU's President and CEO. "Our contract with Dark Matter will help us remain committed to giving them an efficient and seamless home buying experience."

Dark Matter is a member of the American Credit Union Mortgage Association (ACUMA), an organization dedicated to helping credit unions optimize their real estate financing services. Brandt and the entire Dark Matter team have been working closely with credit unions across the country to demonstrate how Empower and other Dark Matter technologies can improve workflows and bolster the bottom line.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

About Publix Employees Federal Credit Union:

PEFCU has over $1 billion in assets and maintains a five-star rating by Bauer Financial with an "A+" in financial health. PEFCU operates six full-service branch offices located in Florida: Lakeland, Pembroke Pines, Royal Palm Beach, Altamonte Springs, Sarasota, and Jacksonville, and one full-service branch located in Lawrenceville, Georgia. For more information, visit https://www.pefcu.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(r) Loan Origination Platform in the credit union sector.

Related link: https://www.dmatter.com

CUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage and home equity products

JACKSONVILLE, Fla. /ScoopCloud/ -- CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model. Four of its owner credit unions will use Empower to originate mortgage loans.

"The shared services model is alive and well in the credit union space because it's a smart strategy for maximizing efficiency, cost savings and scalability - the very same benefits Dark Matter's Empower delivers for lenders of all kinds," said Dark Matter CEO Rich Gagliano. "We are proud to introduce expanded support for joint ventures that frees credit unions to offer customized member experiences while reaping all the benefits of the CUSO model. CUSO Home Lending is driving innovation as the first CUSO to implement this new feature set."

Headquartered in Hampden, Maine, CUSO Home Lending is a credit union service organization and licensed mortgage company owned by credit unions and the Maine Credit Union League. For 30 years, CUSO Home Lending has supported its owner credit unions and the communities they serve with cost-effective access to mortgage fulfillment services, loan servicing and origination technology.

"Technology has become a central focus of our business strategy because of the value it drives for our credit union owners and partners, and the superior mortgage experience it enables us to deliver to consumers," said CUSO Home Lending President and CEO Lori Michaud. "We evaluated a lot of potential origination technologies, and Dark Matter's Empower LOS stood out for its highly advanced automation, the knowledge of its staff and its ability to individualize our credit unions' sites with their own branding, products and pricing."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com/

About CUSO Home Lending:

CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. We have been originating and servicing mortgages since 1993. Our mission is to provide consumer-credit union members as well as non-members-with a full menu of competitively priced residential mortgage products and services with extraordinary courtesy and exceptional service. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher income borrowers. For more information, visit https://www.cusohl.com/

CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model.

Related link: https://www.dmatter.com

Dark Matter Technologies adds mortgage technology veteran Stephanie Durflinger as chief product officer

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Stephanie Durflinger as chief product officer. Durflinger, a 15-year mortgage technology veteran, comes to Dark Matter from ICE Mortgage Technology, where she most recently served as senior vice president of product development.

"Stephanie is an important part of the management team we're assembling to transform the mortgage lending landscape. She is a proven industry leader and strategic thinker whose industry experience is a perfect match for taking our products into the future," said Dark Matter CEO Rich Gagliano. "We are excited to have Stephanie contribute to our continued market penetration and help Empower reach its full potential in the marketplace."

As chief product officer, Durflinger will spearhead product development for the Empower software and digital products. "I'm energized by the opportunity to work with Rich and the rest of the executive team on the future they've envisioned for Dark Matter's origination technology and for the industry at large," said Durflinger. "I'm also looking forward to working closely with customers, which I think is key to understanding their struggles and giving them unprecedented performance and value."

Prior to her experience at ICE, Durflinger served as executive vice president and chief product officer at Sagent Lending Technologies and as vice president of product management at Ellie Mae, which developed Encompass.

Durflinger holds a product management certification from the University of California, Berkeley, and earned the designation of Accredited Mortgage Professional from the Mortgage Bankers Association (MBA). She was recently named to the board of directors of the Mortgage Industry Standards Maintenance Organization (MISMO), a wholly owned subsidiary of the MBA responsible for developing standards for exchanging information and conducting business in the U.S. mortgage finance industry.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

For media queries, contact Depth: https://depthpr.com/contact-us/

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Stephanie Durflinger as chief product officer. Durflinger, a 15-year mortgage technology veteran, comes to Dark Matter from ICE Mortgage Technology, where she most recently served as senior vice president of product development.

Related link: https://www.dmatter.com

Dark Matter Technologies adds mortgage technology veteran Michael Housch as chief risk and information security officer

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Michael Housch as chief risk and information security officer. Housch, a C-suite and information security veteran of two and a half decades, joins Dark Matter following an eight-year stint with Black Knight, Inc (acquired by Intercontinental Exchange).

"Mike is a leader whose unparalleled credentials and industry experience are perfectly matched to the challenge Dark Matter is undertaking, which is nothing less than a dramatic reimagination of the mortgage lending process," said Dark Matter CEO Rich Gagliano. "For nearly a decade, Mike ensured our team's security kept up with our pace of innovation, and he's got the discipline and imagination Dark Matter needs to accelerate that pace and unleash our industry's untapped potential."

As Black Knight's chief information security officer (CISO), Housch developed and managed the company's information security vision and strategy to ensure the effective safeguarding of its information assets and technology. At Dark Matter, Housch will likewise oversee a comprehensive DevSecOps program spanning vulnerability management, identity access, cloud architecture, incident response, governance and regulatory audit oversight. In addition, Housch will be responsible for assessing and mitigating Dark Matter's operational, compliance and strategic risks at the enterprise level.

"Rich's vision for Dark Matter presents an invigorating opportunity to apply the wealth of knowledge I've gained and lessons I've learned over a 25-year career," said Housch. "The allure lies in Dark Matter's limitless potential. It's an open field where we can pioneer new approaches and reshape the mortgage landscape from the ground up, with risk and security woven into our strategy from day one. We're about to transform the industry where we've all dedicated our careers."

Prior to Black Knight, Housch served as chief information officer at First Federal Bank of Florida for more than a dozen years. There, he was responsible for keeping the bank on the cutting edge of innovation while also overseeing day-to-day operations and decisions related to institutional growth and efficiency, including oversight of information technology (IT), information security, physical security, electronic banking and business continuity. Housch earned his master's degree in business administration from Florida's Jacksonville University in 2022.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide.

For more information, visit https://www.dmatter.com.

RELATED LINKS:

https://www.blackknightinc.com/

https://www.ice.com/index

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Michael Housch as chief risk and information security officer. Housch, a C-suite and information security veteran of two and a half decades, joins Dark Matter following an eight-year stint with Black Knight, Inc (acquired by Intercontinental Exchange).

Related link: https://www.dmatter.com

Dark Matter Technologies joins ACUMA as an affiliate member

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through its membership, Dark Matter aims to help credit unions increase loan origination, improve loan quality and enhance member satisfaction.

Dark Matter, formerly Black Knight Origination Technologies, is on a mission to revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products including the popular AIVA(r) artificial intelligence solution and the comprehensive Empower(r) Loan Origination Platform. Dark Matter also provides a suite of tools - from product and pricing engines to document classification and indexing powered by machine learning - to seamlessly complement Empower, making lending operations faster, smarter and more efficient.

"ACUMA members should never be forced to make a tough decision between technology that comprehends and serves the distinct requirements of credit unions and technology that delivers a genuinely exceptional mortgage experience," said Dark Matter CEO Rich Gagliano. "With Dark Matter, credit unions of every size can compete on equal footing with other financial institutions in terms of mortgage efficiency and the overall member experience."

ACUMA is an organization dedicated to helping credit unions optimize their real estate financing services. ACUMA member organizations include federal- and state-chartered credit unions and credit union service organizations (CUSOs), mortgage insurance companies, secondary market investors and investment banking firms and mortgage technology firms.

"ACUMA serves as a vital resource in creating opportunities for credit union professionals and their primary suppliers to network, share knowledge, build relationships and grow market share," said ACUMA President Peter J. Benjamin, CMB. "We are delighted to introduce this extraordinary company to our members and extend a warm welcome to the team at Dark Matter."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide.

For more information, visit https://www.dmatter.com/.

About ACUMA:

The American Credit Union Mortgage Association is a not-for-profit trade association dedicated to credit unions and mortgage lending. ACUMA provides resources and education to credit unions aimed at streamlining performance, processes, and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, provide them with a pathway to the American dream of homeownership. ACUMA brings together the shared real estate lending and financing interests of hundreds of credit unions and CUSOs. ACUMA member organizations include federal and state charted credit unions and CUSO, mortgage insurance companies, secondary market investors, investment banking firms and technology companies.

Visit ACUMA's website at https://www.acuma.org/ for more information.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through its membership, Dark Matter aims to help credit unions increase loan origination, improve loan quality and enhance member satisfaction.

Related link: https://www.dmatter.com

Dark Matter Technologies launches to revolutionize mortgage origination with cutting-edge tech, unparalleled automation and relentless innovation

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies LLC, formerly Black Knight Origination Technologies LLC, was rebranded after it was acquired into the Perseus Operating Group (Perseus) of Constellation Software Inc. (Constellation). According to Rich Gagliano, Dark Matter Technologies' chief executive officer, the organization is on a mission to revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products including the popular AIVA® artificial intelligence solution and the comprehensive Empower® Loan Origination Platform.

In the scientific sense, the meaning of "dark matter" parallels the operating principles of the new company. Scientists believe dark matter is the backbone of the universe, an invisible force that holds galaxies together, connects them and shapes the universe. Dark Matter Technologies is similar and aims to be the invisible backbone behind its clients' mission-critical operations. Its highly scalable solutions harness hidden insights, connect seamlessly to advanced capabilities and propel mortgage origination to new frontiers with unique, market-leading innovations.

Dark Matter Technologies prioritizes being nimble and operates with the urgency of a startup while leveraging the knowledge and maturity gained over many years as one of the industry's leading technology providers. The company plans to do so while supporting and retaining what's made the business successful for decades-an experienced team focused on client service and driving simplicity in managing through a complex industry.

"We understand that our existing long-term client relationships extend far beyond innovative technology; our clients rely heavily on our team's unique knowledge and experience to enable their success," said Gagliano. "To that end, I'm proud to announce that our leadership team and 1,300+ employees will focus on a smooth, uneventful transition plan for our clients."

Dark Matter Technologies' deep client roster is an impressive group of banks, credit unions and independent mortgage lenders which represent a significant percentage of the mortgage industry's transactions. In addition to proven technology and support, clients will continue to demand financial strength and stability, robust audit, security and regulatory compliance tools and a continued track record of product investment.

According to Tom George, co-president of the Romulus portfolio of Perseus, who led the acquisition with Bonnie Wilhelm, COO of Perseus, "We're excited to invest in this industry-leader and to bring the impressive product roadmap to life. The leadership, the talented teams, the strong customer relationships-Dark Matter Technologies has everything we look for in an acquisition."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide.

For more information, visit https://www.dmatter.com.

About Constellation and the Perseus Operating Group:

Constellation, through its operating groups like Perseus, acquires, manages and builds vertical market software businesses that provide mission-critical software solutions. Based in North America, Perseus acquires and invests in software businesses like Dark Matter Technologies that are committed to providing long-term solutions and life-long partnerships to customers.

For more information, visit https://www.csiperseus.com.

Dark Matter Technologies LLC, formerly Black Knight Origination Technologies LLC, was rebranded after it was acquired into the Perseus Operating Group (Perseus) of Constellation Software Inc. (Constellation). According to Rich Gagliano, Dark Matter Technologies' chief executive officer, the organization is on a mission to revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products including the popular AIVA® artificial intelligence solution and the comprehensive Empower® Loan Origination Platform.

Related link: https://www.dmatter.com