Category Archives: Finance

Crawford McInnis Named Chief Sales Officer – Appointment will Lead EPIC to Next Level of Sales Excellence

SAN FRANCISCO, Calif. /ScoopCloud/ -- EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Crawford McInnis has been named Chief Sales Officer, reporting to Philip Moyles, Chief Growth Officer.

In his new role as Chief Sales Officer, McInnis will be responsible for leading the national sales efforts of the organization and bringing new and innovative ideas to the forefront as the company continues to grow. He will work across the organization with the regional sales leaders, developing cross collaborative efforts, increasing visibility around EPIC's overall client experience and delivery of the services and resources that EPIC and the Galway enterprise companies, have to offer.

McInnis joined the firm in 2014 as a managing principal for EPIC as the company expanded into the Alabama market. He was joined by his two business partners, Brian Tanner and Wilson Long. Tanner will lead the Specialty Construction practice, as managing principal, going forward as McInnis moves into his expanded role. In past roles, McInnis was recognized as a top consultant making him a natural fit for the sales leadership role.

"We are excited about what the future holds as we take the next steps in our sales evolution with Crawford leading sales and focusing on organic growth," said Philip Moyles.

Crawford brings nearly 30 years of risk management and insurance knowledge to his role as Chief Sales Officer. After attending Louisiana State University, he earned a Bachelor of Business Administration degree in Risk Management and Insurance from University of Georgia. In addition, he has the designation of Associate in Risk Management (ARM).

"I am honored to be asked to take on this role to help EPIC achieve further organizational and sales excellence. I look forward to continuing our evolution as a sales culture," commented Crawford McInnis.

The EPIC organization, and its partner companies, continue to focus on building and growing talented people within the organization who are focused on the overall success of the company, while supporting the people who have a growth mindset working to create something great together, to build upon their overall EPICness.

About EPIC Insurance Brokers & Consultants

EPIC Insurance Brokers & Consultants, a retail insurance brokerage, has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to clients. EPIC ranks among the top 15 retail insurance brokers in the U.S.

Learn more at: https://epicbrokers.com/

EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Crawford McInnis has been named Chief Sales Officer, reporting to Philip Moyles, Chief Growth Officer.

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

ReverseVision Appoints Industry Veteran Bill Mitchell Chief Revenue Officer

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced that it has hired Bill Mitchell as chief revenue officer (CRO).

In this newly created position, Mr. Mitchell will oversee ReverseVision's sales, business development and marketing efforts as the company expands its footprint in the mortgage industry. ReverseVision has been the leading reverse mortgage technology provider since its founding in 2007, now servicing 50 of the top reverse mortgage lenders in its stable of clients, 100 percent of reverse investors, and more than 10,000 daily users.

"Bill is an experienced technology focused sales and marketing professional who holds a deep understanding of the mortgage industry and what it takes to grow fintechs," said Joe Langner, president and CEO at ReverseVision. "There is an enormous amount of opportunity on the horizon for lenders to leverage our technology to augment their revenue streams as the mortgage market tightens. The entire team at ReverseVision looks forward to Bill's leadership as we expand."

Mr. Mitchell is a revenue generating and company building mortgage technology executive who has held senior and executive management positions at established software firms, emerging fintech companies and also start-ups. He has a robust background in loan origination systems (LOS), digital mortgage technologies and industry-leading software platforms. Mr. Mitchell was instrumental in building the client bases for each company he was involved with, making significant contributions to expand their businesses.

"I am excited about the opportunity to help take ReverseVision to the next level," stated Mitchell. "The mortgage market is already shifting and ReverseVision is in an ideal position to help lenders sustain their business models by adding reverse products or growing existing lines. What's more, the ongoing development of ReverseVision's new APIs significantly expands the total addressable market for its solution, creating new technology synergies that allow forward and reverse mortgages to coexist within the lender's core LOS and POS, which helps alleviate adoption barriers."

About ReverseVision

Founded in 2007, ReverseVision, Inc. is the leading national Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite aligns to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle. A five-time HousingWire TECH100(tm) company, ReverseVision is a privately held company based in San Diego, California.

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

ReverseVision, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced that it has hired Bill Mitchell as chief revenue officer (CRO).

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

FormFree raises over $57,000 for the American Red Cross of Northeast Georgia at second annual Heroes Golf Classic

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that it raised $57,030 to benefit the Northeast Georgia chapter of the American Red Cross during this year's Heroes Golf Classic charity tournament. Now in its second year, the 2021 Heroes Golf Classic brought together more than 100 golfers and volunteers at the Château Élan Winery and Resort in Braselton, Georgia, on October 29 to raise money and awareness for disaster relief services, blood drives and educational programs.

The American Red Cross of Northeast Georgia is a 501(c)(3) nonprofit organization that provides emergency assistance and preparedness education to communities affected by disaster. Participants in the Heroes Golf Classic helped fund Red Cross services in Northeast Georgia and nationwide, including ongoing efforts to rebuild and assist those affected by the destruction of Hurricane Ida.

"In the face of natural disasters and public health crises, the American Red Cross of Northeast Georgia has faithfully served the Athens community for decades," said FormFree Founder and CEO Brent Chandler. "It was a privilege to have another opportunity to give back, bring local businesses and industry friends together and rally behind the American Red Cross and its lifesaving services and resources."

"Our mission is to serve individuals and families affected by disaster with emergency assistance, preparedness training, blood drives and more," said Marlon Trone, executive director of the American Red Cross of Northeast Georgia. "Thanks to this year's Heroes Golf Classic hosted by FormFree, a longtime champion of our organization, we have added more than $50,000 to fund our mission and help those in need."

FormFree thanks the following corporate sponsors and individuals for their generous support of the 2021 Heroes Golf Classic:

* MX Technologies
* Ameris Bank
* Athens Ford
* Atlanta Falcons
* HousingWire
* Fieldale Farms
* Halcyon
* Walton EMC
* BMSI Packaging
* Rotary Club of Athens
* St. Mary's Health Care System
* LBA Ware
* Northeast Georgia Health System
* Piedmont Athens Regional Medical Center
* Sun Realty
* Troutman Pepper
* Wells Fargo
* Mortgage Assurance
* Akins Ford
* Asa Carlton Inc.
* David Hymer
* DepthPR
* Jackson EMC
* Joel Williams
* Laura Jordan
* Mansfield Energy
* Mortgage Capital Trading
* National MI
* Mark Hammond

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Its vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About the American Red Cross:

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission.

For more information, please visit https://www.redcross.org/ or http://www.cruzrojaamericana.org/.

FormFree today announced that it raised $57,030 to benefit the Northeast Georgia chapter of the American Red Cross during this year's Heroes Golf Classic charity tournament. Now in its second year, the 2021 Heroes Golf Classic brought together more than 100 golfers and volunteers at the Château Élan Winery and Resort in Braselton, Georgia, on October 29 to raise money and awareness for disaster relief services, blood drives and educational programs.

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

SimpleNexus helps lenders better serve Spanish-speaking borrowers with launch of Nexus Bilingual

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the release of Nexus Bilingual(tm), a new feature that makes the loan process more accessible to prospective homebuyers who prefer to communicate in Spanish by gathering initial loan information in Spanish.

According to the National Community Reinvestment Coalition (NCRC) 2019 report on Hispanic Lending, more than 470,000 Hispanic people became homeowners in 2019. Nexus Bilingual helps lenders better serve America's expanding Hispanic homebuyer market with tools that generate borrower confidence and help overcome language barriers. While not a full loan application, Nexus Bilingual makes kickstarting the loan process more accessible to prospective homebuyers by providing them with a Spanish-language purchase or refinance loan inquiry form option.

"At SimpleNexus, we believe the homeownership dream should be more accessible to everyone," said SimpleNexus Founder Matt Hansen. "Nexus Bilingual has been a high-priority project of our newly formed skunkworks team and is based on direct market input. It's been personally satisfying to lead the development of a feature that now enables our lender partners to overcome language barriers, increase user confidence and connect with Spanish-speaking borrowers as they embark on the homeownership journey."

A convenient desktop and mobile-responsive experience, Nexus Bilingual enables prospective borrowers to initiate purchase and refinance mortgage loan inquiries in Spanish. When prospective borrowers submit a Spanish-language loan inquiry, Nexus Bilingual informs them that a member of their lender's Spanish-speaking staff will reach out to help them complete the process in English and educate them on next steps.

For more information about the Nexus Bilingual functionality, contact sales@simplenexus.com.

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

RELATED LINKS:
https://ncrc.org/hispanic-mortgage-lending-2019-analysis/

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the release of Nexus Bilingual(tm), a new feature that makes the loan process more accessible to prospective homebuyers who prefer to communicate in Spanish by gathering initial loan information in Spanish.

Related link: https://simplenexus.com/

Sales Boomerang recognized as Baltimore’s second fastest-growing company

WASHINGTON, D.C. /ScoopCloud/ -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today announced it has earned the No. 2 spot on the Baltimore Business Journal's (BBJ) 2021 Fast 50, a list of the greater Baltimore region's 50 fastest-growing private companies. Fast 50 rankings were unveiled by the BBJ at a private reception on Thursday, November 4.

The 2021 Fast 50 were ranked according to average percent change in revenue during the three-year span from 2018 to 2020, as verified by the BBJ with assistance from accounting and consulting firm SC&H Group. Sales Boomerang's revenue growth from 2018 to 2020 was 3,882%, an achievement that earned the company the #101 spot on the Inc. 5000 list of America's fastest-growing companies earlier this year.

By helping lenders identify the best times to offer loans, Sales Boomerang aids consumers while improving lenders' bottom lines. Sales Boomerang's lender clients have achieved customer retention rates of 1.4-5.3 times the industry norm and an average 20-40% lift to loan volume, results that increased the company's popularity and helped make its explosive revenue growth possible.

"It is an honor for Sales Boomerang to be recognized by the Baltimore Business Journal's Fast 50 awards program and we're thrilled to be leading the way for our local business community," said Sales Boomerang CEO Alex Kutsishin. "Its high concentration of STEM experts and proximity to larger business hubs have made Greater Baltimore the perfect environment for tech startups like Sales Boomerang to thrive."

To view the full list of BBJ's 2021 Fast 50, visit https://www.bizjournals.com/baltimore/news/2021/11/05/fast-50-2021-private-companies-growth.html.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value. To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(TM) ethos, visit https://www.salesboomerang.com.

Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today announced it has earned the No. 2 spot on the Baltimore Business Journal's (BBJ) 2021 Fast 50, a list of the greater Baltimore region's 50 fastest-growing private companies. Fast 50 rankings were unveiled by the BBJ at a private reception on Thursday, November 4, 2021.

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

Inspire Escrow Services Launches as All-New Trusted, Safe and Efficient Escrow Company in the Inland Empire

ONTARIO, Calif. /ScoopCloud/ -- Inspire Escrow Services has launched as an all-new trusted, safe and efficient escrow business serving the Inland Empire region, the Ontario, California-based company placing high value on security and quality while ensuring all transactions are successful and convenient for every client. Licensed and regulated by California's Department of Financial Protection and Innovation (DFPI) - and bonded by the EAFC - Inspire Escrow Services' team boasts the experience to handle the highest volume of escrow transactions in the industry, each member understanding that in this current economic state, it is extremely important to fully trust an escrow business that can provide the professionalism demanded by this market.

Inspire is considered one of the top escrow entities in all of Southern California and surrounding areas, offering comprehensive services for residential customers, commercial and industrial clients, short sales, business sales, agricultural-related escrow and 1031 exchange transactions.

"We typically work with sellers and agents that list properties, not so much with those parties looking to buy, but regardless - our professional and experienced team always provides the most convenient and safe options for all escrow needs," explains Inspire Escrow Services principal Julian Lopez. "Indeed, the biggest benefit of an escrow account is that a party will be protected during a real estate transaction, whether it's the buyer or the seller, and it can even protect homeowners by ensuring they have the funds to pay for property taxes and homeowners insurance when the bills arrive.

"To this end, California's Inspire Escrow Services simply has no equal."

For each residential transaction, Inspire provides clients with a dedicated team of Inland Empire escrow professionals who are trained and experienced in all types of residential sales, making this team ideal for individual sales transactions. On the commercial and industrial end of the spectrum, the company's officers bring years of related experience to the table, allowing them to provide the highest standard of customer service, deadline-meeting prowess and problem-solving expertise when closing a deal.

Further, Inspire Escrow's officers come highly recommended to manage commercial and industrial real estate escrow for everything from apartments and office buildings to hotels, industrial buildings, land acquisitions, retail properties, shopping centers and even strip malls.

Because short sales are time-sensitive transactions, Inspire's experienced and professional team guides clients through each process, while assuring banks and homeowners that they can feel safe and secure knowing the escrow will close on the specific time stated. Likewise, when it comes to business sales, Inspire Escrow assigns escrow officers that are highly experienced in bulk sales and who are also proficient in all types of business sales - including for venues such as laundromats, dry cleaners and gas stations.

Inspire Escrow can also handle unique escrow related to agriculture, based on each agricultural product, while also being proficient in educating clients on everything there is to know about "1031 exchange" transactions.

"The concept of a 1031 exchange transaction is very different from other types of escrow transactions in that it is treated as an exchanged sale rather than a regular one," adds Lopez. "We stress to our clients that it's all about exchanging, and not just buying or selling, that will qualify them for the deferred gain treatment."

Inspire also offers 24/7 support, with representatives available to address all escrow inquiries and concerns while providing information about the types of escrow transactions the company offers.

Inspire Escrow Services is located at 2980 Inland Empire Boulevard Suite 104 in Ontario and can be reached by calling (909) 698-4805. For additional information visit https://www.inspireescrow.com/ or email openescrow@InspireEscrow.com.

Inspire Escrow Services has launched as an all-new trusted, safe and efficient escrow business serving the Inland Empire region, the Ontario, California-based company placing high value on security and quality while ensuring all transactions are successful and convenient for every client.

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

Mortgage Professional America honors FormFree Account Manager Laura Graben with 2021 Rising Stars award

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that Account Manager Laura Graben has been named a 2021 Rising Star by Mortgage Professional America (MPA) magazine. The MPA Rising Stars award program honors promising young professionals who are making an impact on the housing and mortgage industries.

As a member of FormFree's customer success team, Graben helps mortgage lenders implement FormFree's flagship AccountChek automated asset verification service as well as AccountChek 3n1, a service that combines verification of borrower assets, income and employment in a single report.

Since joining FormFree two years ago, Graben has built a portfolio of over 130 accounts, including some of the largest mortgage companies in the industry. Her willingness to adapt and passion to serve has enabled Graben to exceed client expectations with fast onboarding times, low churn rates and triple-digit revenue growth.

Graben recently organized FormFree's second annual Heroes Golf Classic charity tournament, which took place on October 29 at the Château Élan Winery and Resort in Braselton, Georgia. The event brought together mortgage industry leaders from around the country to raise $57,030 for the American Red Cross of Northeast Georgia, a 501(c)(3) nonprofit organization that provides emergency assistance and preparedness education to communities affected by disaster.

"Laura's willingness to jump in headfirst to learn the ins and outs of the mortgage business impressed me from the start," said FormFree Founder and CEO Brent Chandler. "She consistently goes the extra mile to serve her clients with intelligence and professionalism. Meanwhile, she has almost single-handedly built our Heroes Golf Classic tournament into a successful annual event that brings industry participants together to raise money for a worthy cause. I'm confident that we will continue to see great things from Laura."

To view the full list of 2021 MPA Rising Stars visit: https://www.mpamag.com/.

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Its vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About Mortgage Professional America:

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com.

FormFree® today announced that Account Manager Laura Graben has been named a 2021 Rising Star by Mortgage Professional America (MPA) magazine. The MPA Rising Stars award program honors promising young professionals who are making an impact on the housing and mortgage industries.

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

EnergyCAP Appoints Thomas R. Patterson, Jr. as Chief Executive Officer

BOALSBURG, Pa. /ScoopCloud/ -- EnergyCAP, LLC (ENC), the leading provider of data and analytics software for energy and utility bill management, today announced that Thomas R. Patterson, Jr. (Tom) has been named as Chief Executive Officer (CEO) of the company. Steve Heinz, who founded the company in 1982, will retire from his role as CEO but will continue in an advisory capacity as a member of the Board of Directors.

With over twenty-five years of leadership experience in the technology industry, Tom has a proven track record of delivering value within public and privately held technology companies. His contribution to value creation has been delivered by developing strategic direction, accelerating growth, and driving operational excellence in execution across all areas of the business, while complementing organic growth through strategic partnerships and acquisitions.

Mr. Heinz commented, "After partnering with Resurgens Technology Partners in March, we began our search for my successor who would transform EnergyCAP into a company with much greater global impact on energy management and carbon reduction. After months of searching, I couldn't be more thrilled to welcome Tom. His experience makes him the ideal leader to guide our company into this new era. Most importantly, his character makes him a great match for the team. We have a tremendous company with great team members and a market-leading platform and solutions. I've never been more excited about the future of EnergyCAP."

Prior to joining EnergyCAP, Tom served as COO & CFO at several SaaS and hybrid SaaS-based companies, culminating in multiple successful exits to both strategic and financial sponsors. His previous experiences include leadership roles at: SambaSafety, Digital Map Products, Kareo, Teletrac, Quest Software, and Citrix.

"I'm honored to be joining a great company like EnergyCAP at such an exciting time and inflection point in the industry and the company's journey," said Tom. "From corporate America to the public sector, energy efficiency and sustainability is a key imperative and will have a lasting impact on society. EnergyCAP is well-positioned to capitalize on these market dynamics and positively contribute to the future of energy efficiency. I'm thrilled to partner with Resurgens and lead EnergyCAP's next phase of evolution and growth."

About EnergyCAP:

EnergyCAP, LLC (ENC) has helped more than 10,000 energy managers in government, education, and commercial organizations derive value from their utility bills and energy data. Clients use our comprehensive EnergyCAP software-based solution to streamline utility bill processing and auditing, track energy and greenhouse gas data, process campus chargebacks, target reduction goals, benchmark facilities, submit to ENERGY STAR, measure and verify energy & cost savings, create budgets and forecasts, and much more.

Learn more: https://www.energycap.com/

EnergyCAP, LLC (ENC), the leading provider of data and analytics software for energy and utility bill management, today announced that Thomas R. Patterson, Jr. (Tom) has been named as Chief Executive Officer (CEO) of the company. Steve Heinz, who founded the company in 1982, will retire from his role as CEO but will continue in an advisory capacity as a member of the Board of Directors.

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

Fintech provider Promontory MortgagePath’s digital mortgage and fulfillment solutions receive renewed ABA endorsement

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes. ABA's endorsement, dating back to 2018, recognizes Promontory MortgagePath's tech-enabled fulfillment solutions for their ability to help its members reduce mortgage origination costs while allowing them to retain a full mortgage product suite.

The endorsement and subsequent renewal are a result of ABA's thorough and ongoing due diligence process, which identifies proven, reliable solutions while saving banks time and money. When deciding whether to endorse a product, ABA engages with bank leaders to identify gaps in their current offerings and opportunities to expand services, works with industry-specific consultants and enlists ABA staff experts to guide the Request for Proposal (RFP) process and validate the research with bankers. ABA is also committed to reviewing each Endorsed Service Provider to ensure it is still providing a valuable service to ABA members and their customers.

"With Promontory MortgagePath's solution, banks can leverage their strong brand and local market knowledge while deploying a digital platform and comprehensive fulfillment services," said ABA Chief Member Engagement Officer James Edrington. "It's a 'pay-as-you-go' model, which boosts profitability and efficiency, and ABA members enjoy an exclusive 10% discount. In a recent monthly billing cycle, one ABA member alone saved $3,820."

"We've enjoyed tremendous growth in 2021, and our strategic relationship with ABA is a key contributor," said Paul C. Katz, managing director of bank relations at Promontory MortgagePath. "This momentum stems from helping our clients win in an intensely competitive mortgage marketplace with innovative tech, expansive product options and the agility to adapt to changing economic conditions. The loan is always originated and closed in the client's name, which maximizes profitability while maintaining a high-touch customer experience."

To meet ABA's standards for endorsement, a company must offer reliability, sustainability, validity, sound risk management, outstanding data and information security and rigorous quality and customer service standards. The initial due diligence process lasts six to nine months and includes analysis by industry experts and validation by bankers. In addition to the ongoing due diligence and annual reviews, ABA also publishes a due diligence report on each ABA Endorsed Provider, which includes insights gained during the due diligence process. These reports are available free of charge to ABA members.

Key features and benefits of Promontory MortgagePath's digital mortgage and fulfillment solution include:

* The proprietary point-of-sale (POS) Borrower Wallet(r), which automates document collection, provides a secure digital portal to collect and store important loan documents and delivers a transparent process to the borrower with real-time status updates;
* Fulfillment models designed to support community banks' varying origination needs;
* Milestone pricing that explicitly aligns costs with services rendered throughout the loan process;
* An in-house compliance team to ensure clients' origination activities are being executed to the highest and best mortgage compliance standards possible; and
* Access to an extensive investor network and support for existing investor relationships, resulting in increased profitability.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About American Bankers Association

The American Bankers Association is the voice of the nation's $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes.

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

TMC Emerging Technology Fund LP to Host TMC Mortgage Tech Day

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") will host TMC Mortgage Tech Day on March 19, 2022, in conjunction with TMC's Winter Conference at the Fontainebleau Miami Beach.

The TMC Mortgage Tech Day is a unique opportunity for Fintech and Mortgage Tech companies to present to a live audience of TMC's Emerging Tech Fund limited partners, which is comprised of TMC mortgage lender executives, and a panel of judges from leading mortgage tech venture capital (VC) firms.

Presenters will receive visibility by top lenders in the country, consideration for investment by the fund and national media coverage, and the top three are also eligible for a cash prize. Target investment themes include Robotic Process Automation (RPA), Machine Vision/Machine Learning, Artificial Intelligence (AI), Web & Mobile Applications, Cybersecurity & Blockchain Applications, and Digital Transaction Platforms.

Interested companies must submit an application here by January 14, 2022. All applicants will be screened by the TMC Emerging Technology Fund for a chance to present during TMC Mortgage Tech Day.

TMC Emerging Technology Fund LP is an early-stage venture capital fund sponsored by The Mortgage Collaborative targeting investments in companies that improve the following: efficiency of manufacturing and servicing mortgages, customer experience, quality and profitability of mortgage origination. TMC's lender members comprise 15-20% of all mortgage originations in the United States.

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC who evaluate and invest in companies looking to advance the mortgage industry. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members. For more information, please reach out to tmctechfund@mtgcoop.com.

About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/

RELATED LINKS:

https://www.mortgagecollaborative.com/tmc-emerging-tech-fund.html

https://www.mortgagecollaborative.com/tmc-mortgage-tech-day.html

https://t07vlwbo2c0.typeform.com/to/nGS1Z290?typeform-source=www.mortgagecollaborative.com

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") will host TMC Mortgage Tech Day on March 19, 2022, in conjunction with TMC's Winter Conference at the Fontainebleau Miami Beach.

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

Vice Capital Markets’ Danny Enright honored as 2021 Rising Star by Mortgage Professional America

NOVI, Mich. /ScoopCloud/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Senior Trader Danny Enright has been recognized by industry trade publication Mortgage Professional America (MPA) as one of its 2021 Rising Stars. In its inaugural year, the MPA Rising Stars award seeks to honor young professionals making a significant impact in the mortgage and housing industry.

Enright was recognized for his initiative in improving Vice Capital Markets processes and procedures around client communication. When the government-sponsored enterprises (GSEs) announced changes regarding second homes and non-owner-occupied properties last year, Enright created and implemented a direct communication channel with clients to assist them in navigating the required restrictions and limited allowable percentage of delivers. This helped Vice Capital's clients optimize their available loans eligible for sale and stay compliant with GSEs changes and requirements. In addition, Enright's efforts in evaluating and improving fallout assumptions have increased the performance and profitability of all Vice Capital clients despite the volatility of last year's market.

"Danny has grown professionally and personally by leaps and bounds in the past year. Not only did he complete his MBA, but his ability to speak directly and communicate effectively with all levels of the clients' senior management has made him a valuable asset," said Vice Capital Markets President Troy Baars. "It's rare to find someone that understands the technical side of hedging and can also communicate in a way anyone can understand, which speaks to a maturity and industry understanding well beyond his years of experience. We're extremely proud of him and look forward to seeing what he accomplishes in the coming year."

To view the full list of 2021 MPA Rising Stars visit: https://www.mpamag.com/

About Vice Capital Markets

Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized profitability on more than half a trillion of MBS trades and mortgage-related transactions for banks, credit unions and mortgage lenders of all sizes. With an average of more than 10 years' experience behind each of the traders on our team, Vice Capital has helped its clients realize, on average, a 25 to 55 bps improvement over their best effort execution, and Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients. Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Senior Trader Danny Enright has been recognized by industry trade publication Mortgage Professional America (MPA) as one of its 2021 Rising Stars. In its inaugural year, the MPA Rising Stars award seeks to honor young professionals making a significant impact in the mortgage and housing industry.

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

IDS’ Emilio Estrada Named a Mortgage Industry ‘Rising Star’ by MPA

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that account manager Emilio Estrada has been named a 2021 Rising Star by industry trade publication Mortgage Professional America (MPA). The MPA Rising Star awards program seeks to honor up-and-coming talent within the housing and mortgage industry.

Estrada is a valued account manager and driving force behind IDS' adoption of eClose technology. He serves as a guide to IDS' major clients as they implement and utilize hybrid eClosing and is a key developer behind the workflows for IDS agents. Estrada works between customer service and the development teams to communicate client needs and evolve IDS company settings and policy changes. This direct feedback line from IDS clientele has led to countless feature enhancements and improved processes.

"Emilio is known for his ability to think outside the box to solve arising issues and pain points for our clientele," said IDS Vice President and General Manager Mark Mackey. "His customer service goes above and beyond expectations, but what truly sets him apart is the way he shares the trials and tribulations of customer service with the team to improve our internal processes."

To view the full list of winners, visit https://www.mpamag.com/.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. (https://info.idsdoc.com/)

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that account manager Emilio Estrada has been named a 2021 Rising Star by industry trade publication Mortgage Professional America (MPA). The MPA Rising Star awards program seeks to honor up-and-coming talent within the housing and mortgage industry.

Related link: https://info.idsdoc.com/

Mortgage Professional America honors multiple Promontory MortgagePath employees

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced trade publication Mortgage Professional America (MPA) has recently recognized several of its employees. Chief Administrative Officer Bryan DeShasier was named a 2021 Housing Industry Icon by MPA in October, and Manager, Project Management Office Darcey O'Neill and Director of Backend Engineering Kevin Wheeler were both featured in MPA's 2021 Rising Star awards program, announced today.

"At Promontory MortgagePath, our people are as integral to our clients' success as our process, and these three individuals provide ample evidence to support that fact," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "It has been a pleasure to watch these talented professionals flourish, and on behalf of the entire company, I want to extend my congratulations to Bryan, Darcey and Kevin on these well-deserved recognitions."

MPA Housing Industry Icon Bryan DeShasier has been an integral part of Promontory MortgagePath from its inception. In addition to his involvement in the development of Promontory MortgagePath's proprietary point-of-sale technology Borrower Wallet(r) and the launch of its end-to-end mortgage origination and fulfillment platform Transform, DeShasier played a key role in the company's initiative supporting community development financial institutions (CDFIs) and minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Most recently, he helped facilitate the expansion of Promontory MortgagePath's investor network to provide a wide range of investor options and relationships in support of its community lending clients' secondary market efforts.

The MPA Rising Star award seeks to honor up-and-coming professionals in the mortgage and housing industry. Darcey O'Neill joined Promontory MortgagePath in 2018 as an Implementation Analyst and quickly rose through the ranks, recently being promoted to Manager, Project Management Office.. From optimizing the functions of the sales and technology teams to refining communications with clientele, O'Neill's internal process improvement efforts have a direct impact not only on client onboarding and service delivery but also on clients' origination efforts. She also managed the company's implementation of ComplianceEase, which resulted in a more timely and automated quality check for disclosures, saving time in Compliance and Fulfillment.

In a similar feat, Kevin Wheeler's software engineering acumen has enabled Promontory MortgagePath to yield greater efficiencies in its fulfillment processes and improve the user experience. His efforts have included overseeing enhancements to Promontory MortgagePath's pre-qualification letter templates to better suit the needs of lenders and borrowers and helping to implement the new URLA form within Promontory MortgagePath's tech stack. Most recently, he led the team responsible for the development of enhancements to Promontory MortgagePath's Conversation Log messaging tool to streamline communication and the transfer of information between clients' loan officers and Promontory MortgagePath's processors.

To view the full list of 2021 MPA Housing Industry Icons or Rising Stars, visit: www.mpamag.com

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced trade publication Mortgage Professional America (MPA) has recently recognized several of its employees. Chief Administrative Officer Bryan DeShasier was named a 2021 Housing Industry Icon by MPA in October, and Manager, Project Management Office Darcey O'Neill and Director of Backend Engineering Kevin Wheeler were both featured in MPA's 2021 Rising Star awards program, announced today.

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

ACES Quality Management announces ACES ENGAGE, a two-day conference defining the future of quality management and control for the financial services industry

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management™ (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the launch of ACES ENGAGE, a conference designed to bring together the nation's top financial services quality management professionals to discuss industry trends and best practices.

ACES ENGAGE will provide attendees the unique opportunity to learn from industry experts and thought leaders, network and leave with the knowledge necessary to increase efficiencies, improve productivity and further quality at their organizations. Sessions will include a mixture of general session presentations, panel discussions and breakout session tracks for mortgage lending, loan servicing and consumer lending.

"Historically, we've hosted our ACES Power User Summit to help our clients extract additional value from the ACES platform, but a unique byproduct of that event was the interaction between clients in sharing best practices and discussing industry trends. For 2022, we wanted to include a broader swath of financial services risk and quality management professionals and facilitate a more fulsome discussion of the issues these institutions face," said CEO Trevor Gauthier. "With ACES ENGAGE, our goal is to create an environment in which each attendee leaves inspired and full of ideas to improve their businesses, whether or not they are an ACES user."

ACES ENGAGE 2022 will take place at the historic Broadmoor Hotel in Colorado Springs on May 23-25, 2022. Featured speakers include Aron Ralston, author of the New York Times bestseller, 'Between a Rock and a Hard Place' and the subject of the Oscar-nominated film '127 Hours,' and Steve Spies, president of SWS Risk Advisory LLC. As a former risk and quality control executive at Fannie Mae, Spies was the primary author of Fannie Mae's manifesto on loan manufacturing quality.

Registration for ACES ENGAGE is open now, with early bird pricing available until December 31, 2021. Register to attend and learn more at https://www.acesquality.com/aces-engage-2022

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software™ to improve audit throughput and quality while controlling costs, including:

* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

ACES Quality Management™ (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the launch of ACES ENGAGE, a conference designed to bring together the nation's top financial services quality management professionals to discuss industry trends and best practices.

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

Mortgage Coach and Sales Boomerang accelerate lead conversion with personalized Total Cost Analysis loan presentations for every managed borrower

IRVINE, Calif. /ScoopCloud/ -- Mortgage Coach, the borrower conversion platform empowering mortgage lenders to deliver clear mortgage advice and lending education with the interactive Total Cost Analysis (TCA) loan comparison, today announced an integration with Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system. The integration helps convert leads identified with Sales Boomerang's opportunity alerts by enabling lenders to automatically generate accurate TCA presentations that are highly relevant to consumers' housing finance needs.

Sales Boomerang monitors customer databases on behalf of lenders to identify exactly when a prospect or past customer is ready for a new loan. By combining market intelligence - for example, factors such as interest rate changes, improved credit scores and home listings - with mortgage lenders' credit underwriting preferences, Sales Boomerang notifies lenders of high-relevancy loan opportunities. Now, through the integration with Mortgage Coach, every Sales Boomerang opportunity alert from any managed contact record automatically includes a tailored Mortgage Coach TCA that can be used in any form of client or marketing outreach.

With a single touch, loan originators can further personalize the generated loan comparison with video narration from any device, enabling professionals to instantly illustrate all benefits relevant to the borrower. This targeted, proactive loan product positioning leads to a measurable increase in speed of lead decision, selection of more profitable loan scenarios and improved committed loan conversion rates.

Centennial Bank helped shape the Mortgage Coach integration with Sales Boomerang as a trusted depository looking to increase mortgage market share across existing clients. According to Centennial Bank Mortgage Division President Keith Little, "Each month Sales Boomerang proactively identifies hundreds of people within our database who we can now help with a mortgage. By pairing that borrower intelligence with Mortgage Coach's TCA presentations, we now have an automated way of crafting highly personalized lending proposals that illustrate the financial benefits of homeownership, furthering our commitment to provide all our banking customers with long-term mortgage advice and easier access to superior lending services."

"Clearly articulating the specific benefit of a relevant, personalized lending program to newly triggered leads inspires trust and confidence that makes them more likely to transact," said Mortgage Coach President Joe Puthur. "This special innovation with Sales Boomerang gives lenders a fully automated method of providing transparent lending options at the most influential time - well before typical point-of-sale interactions occur. The integration empowers lenders to transform alert-prompted outreach into a consultative conversation by addressing a borrower's needs with the illustrated benefits of lending programs tailored to their specific financial circumstances."

"Our borrower intelligence delivers on ROI promises by excelling at identifying when a borrower is ready to transact," said Sales Boomerang CEO Alex Kutsishin. "Together, Sales Boomerang and Mortgage Coach enable lenders to deliver unparalleled proactive advice to people based on data, creating immediate sales influence for countless new loan options before the borrower is even shopping."

About Mortgage Coach:

Mortgage Coach is the only platform that allows mortgage lenders to create digital and accurate home loan comparisons for consumers. With the Total Cost Analysis presentation, lenders can create a multi-option comparison, offering the borrower a more personalized digital experience. This level of transparency has revolutionized the rate quoting and pricing process allowing borrowers to make faster, more informed mortgage decisions and ultimately, increase production and pipeline conversion for lenders of any size. For more information on how to start using borrower education as a competitive advantage, please visit http://www.mortgagecoach.com/.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value.

To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(tm) ethos, visit https://www.salesboomerang.com.

About Centennial Bank:

Centennial Bank, a Home Bancshares (NASDAQ: HOMB) company, is a full-service financial institution with branches in Florida, Arkansas, Alabama and New York and $15 Billion in total assets. For more information, please visit https://www.my100bank.com/. Centennial Bank, Member FDIC, Equal Housing Lender, NMLS #466091, All loans are subject to credit and property approval.

Mortgage Coach, the borrower conversion platform empowering mortgage lenders to deliver clear mortgage advice and lending education with the interactive Total Cost Analysis (TCA) loan comparison, today announced an integration with Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system.

Related link: https://mortgagecoach.com/

SimpleNexus’ Mortgage Loan Compensation Report for Q3 2021 shows year-over-year decline in individual LO commission led by waning refi volume

LEHI, Utah /ScoopCloud/ -- SimpleNexus, owner of the recently acquired LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the third quarter of 2021. Analysis of data from the CompenSafe™ ICM platform showed that declining loan volume in Q3 2021 compared to Q3 2020 pushed quarterly loan originator (LO) commission earnings down 17%. Over the same period, mortgage lenders increased loan processor staffing by roughly a quarter while funding fewer loans, driving average individual processor incentive compensation down by a third.

Methodology

SimpleNexus' LBA Ware team reviewed account data for mortgage lenders who used CompenSafe to automate incentive compensation throughout the third quarters of both 2020 and 2021. The controlled sample dataset consisted of retail, first-lien production from LOs and loan processors with at least six funded loans during the three-month period beginning July 1, 2021, and ending September 30, 2021.

Key Findings
* Monthly commissions earned per LO in Q3 2021 decreased 17% overall from Q3 2020. Monthly refinance commissions decreased 37%, accounting for most of the shortfall, while monthly purchase loan commissions held relatively steady, rising just 2%.

* Overall, LOs saw a 2.44% decrease in per-loan commission rates from 102.878 basis points (BPS) in Q3 2020 to 100.372 BPS in Q3 2021. Notably, lenders dialed down per-loan commission rates on refinances by 7.17%, from 95.210 BPS in Q3 2020 to 88.384 BPS in Q3 2021. BPS paid out on purchase loans decreased 1.58% from 109.838 to 108.102.

* LOs averaged $2.2M in funded volume per month in Q3 2021, a decrease of 14.9% from Q3 2020 ($2.6M). Purchase volume funded by individual LOs increased 4% from $1.4M in Q3 2020 to $1.5M Q3 2021, and refinance volume declined 32% from $1.3M to $0.9M during the same period.

* LO staffing levels held relatively steady from Q3 2020 to Q3 2021, dipping just 2%. Simultaneously, loans funded per LO per month decreased 22%, with LOs in the sample set averaging 9.0 loans a month in Q3 2020 versus 7.0 loans a month in Q3 2021.

* Loan processor staffing grew 23% from Q3 2020 to Q3 2021. Loan processors averaged 29% fewer loans per month in Q3 2021 (15.2 units) compared to Q3 2020 (21.5 units), fueling a 33% decrease in quarterly bonus compensation earned from $3,201 per processor per month in Q3 2020 to $2,140 in Q3 2021.

"The heyday of ultra-low rates and enormous refinance volume is over, and compensation is starting to settle back to pre-pandemic levels. On the bright side, 2021 is still shaping up to be the second-highest production year in the last decade, with modest growth in the purchase market helping take the edge off declining refinance volumes," said SimpleNexus EVP and General Manager Lori Brewer. "We will be watching to see if lenders reduce headcount or take a more conservative approach to incentive comp to protect margin."

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

SimpleNexus, owner of the recently acquired LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the third quarter of 2021.

Related link: https://simplenexus.com/

FormFree integration with OpenClose enhances lending experience with quick and easy borrower-permissioned data verification

ATHENS, Ga. /ScoopCloud/ -- FormFree® Founder and CEO Brent Chandler today announced the availability of its AccountChek® financial data verification service within OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders. The integration embeds AccountChek into OpenClose's ConsumerAssist(tm) Enterprise POS and LenderAssist(tm) LOS, giving borrowers the freedom to electronically permission verification data with ease when applying for a mortgage loan.

AccountChek streamlines the lending process by empowering borrowers to electronically permission financial account and payroll data, thereby enabling lenders to verify asset, income, employment and rental history in a combined, underwriter-friendly report. By integrating AccountChek with OpenClose's lending solutions, lenders can delight borrowers with a modern, paperless lending experience while expediting time-to-close, reducing loan production costs and mitigating the risk of fraud.

FormFree's AccountChek verification of asset (VOA) reports are eligible for representations and warranty relief when assets are validated through Fannie Mae's® Desktop Underwriter® (DU®) validation service and Freddie Mac's Asset and Income Modeler (AIM). Additionally, FormFree's VOA reports can be used to leverage DU's "positive rent payment history" feature - which is designed to extend sustainable homeownership opportunities to renters with little or no credit history - without disrupting lender workflows.

"OpenClose's rapid market expansion made partnering with them a must," said FormFree Founder and CEO Brent Chandler. "Our goal is to make the process and user experience benefits of direct-source borrower-permissioned data verification available to every lender and broker originating mortgage loans."

"We are proud to offer our lender customers a more unified borrower experience and improved operational efficiency through AccountChek's integration with our full suite of origination solutions," said OpenClose CEO and CTO Jason Regalbuto. "Our partnership with FormFree eliminates a bottleneck in the origination process for many lenders, freeing them to enjoy the immediate ROI of faster turn times, greater repurchase certainty and happier customers."

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Its vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications.

FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage.

OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit https://www.openclose.com.

FormFree® Founder and CEO Brent Chandler today announced the availability of its AccountChek® financial data verification service within OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders. The integration embeds AccountChek into OpenClose's ConsumerAssist(tm) Enterprise POS and LenderAssist(tm) LOS, giving borrowers the freedom to electronically permission verification data with ease when applying for a mortgage loan.

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

Renaissance Capital Relocates Headquarters to Stamford, CT: Choyce Peterson Negotiates Long-Term Lease

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage, recently announced the successful conclusion of lease negotiations on behalf of Renaissance Capital (www.renaissancecapital.com), a global leader in providing pre-IPO institutional research and management of IPO-focused investment products, for a new 2,931 SF headquarters office at First Stamford Place in Stamford, CT. Choyce Peterson Principal John Hannigan and Associate Casey McKnight represented Renaissance Capital in this transaction.

When Renaissance Capital's headquarters lease in Greenwich was set to expire, Bill Smith, President of Renaissance Capital, reached out to Choyce Peterson. Hannigan and the Choyce Peterson team had previously led Renaissance Capital through multiple real estate transactions, including negotiation of their Greenwich lease in 2011. Smith sought to relocate their headquarters to a high-quality building with easy access to I-95 and Metro-North in lower Fairfield County. Additionally, he sought a custom build-out in an office complex with a complete set of high-end amenities to offer his employees.

After touring multiple buildings throughout Greenwich and Stamford, Choyce Peterson solicited proposals from numerous landlords. Ultimately, Smith and his team decided on Stamford's First Stamford Place, and Hannigan and McKnight expertly negotiated a new lease with the landlord, Empire State Realty Trust (ESRT). The three-building First Stamford Place office complex was recently renovated and upgraded and offers its tenants a first-class amenity package with secured covered parking, shuttle to the Stamford Metro-North train station, full-service grille, dining and coffee lounge, fitness center with classes, on-site daycare, and a building conference room and concierge service.

Tenants benefit from the complex's ideal location at I-95's Exit 7 a quarter mile from the Metro-North station, as well as ESRT's industry-leading indoor environmental quality measures that include MERV 13 filters, active bi-polar ionization and increased air filtration for a confident return to office.

Hannigan commented, "We're honored to once again represent Renaissance Capital, an industry titan in the pre-IPO research market and IPO Exchange Traded Funds (NYSE symbol: IPO), for their headquarters relocation. After a thorough search of the market, our proposal negotiations gave the Renaissance Capital team the confidence that a relocation to First Stamford Place was the perfect solution to their office space needs. We appreciated ESRT's partnership during the proposal process."

Smith concluded, "We're so glad to once again work with John and the Choyce Peterson team on this important relocation of our headquarters office. We were unsure if relocating to a different city would work for our company, but John and Casey made the process seamless with their exhaustive research of the local markets and on-point negotiations with ESRT. We're excited to grow our business in Stamford and look forward to establishing new roots for our firm."

The landlord's team on this leasing transaction included Torey Walsh of Newmark Grubb Knight Frank, and Jeff Newman and Kimberly Zaccagnino Perna of Empire State Realty Trust.

About Renaissance Capital

Newly public companies can be great investments, but It's nearly impossible to stay on top of the IPO market. At Renaissance Capital, our team of analysts provide market-leading research and investment products so you can separate the good from the bad and profit from the IPO market.

For over 30 years, Renaissance Capital has been the global leader in researching and trading of IPOs. They offer two NYSE-listed Exchange Trade Funds with over $700 million of assets: the Renaissance IPO ETF (symbol "IPO") and the Renaissance International IPO ETF (symbol "IPOS").

It is the global leader in providing Pre-IPO research for institutional investors. For individual investors it manages the IPO Pro platform, the most comprehensive source for IPO information, easily accessed in one platform.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. Learn more at: http://www.choycepeterson.com/.

Choyce Peterson, Inc. , a full-service commercial real estate brokerage, recently announced the successful conclusion of lease negotiations on behalf of Renaissance Capital, a global leader in providing pre-IPO institutional research and management of IPO-focused investment products, for a new 2,931 SF headquarters office at First Stamford Place.

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

Infinity Financial Group Aids Kinley Construction Group with Major Stakeholder Buyout

DALLAS, Texas /ScoopCloud/ -- Infinity Financial Group announced its recent role as financial advisor to Kinley Construction Group, LTD. (KCG) during a majority purchase of its existing stakeholders. Jimmy Kinley, the newly-elected CEO of KCG, is now the firm's primary equity partner, along with his sister, Katherine Kinley and Rennie and Josh Crisafulli. JL Kinley, the firm's original founder, serves as Chairman of the Board and the existing shareholders maintain a minority equity.

JL Kinley, Jimmy's father, founded KCG in 1988 as a niche expansion of its parent company, Kinley Corporation - a family-owned business with more than 110 years of multi-entity operations. KCG has since become a leading industrial fueling contractor throughout the U.S., specializing in complex bulk storage facilities, loading and offloading terminals, wastewater and industrial waste systems.

In 2001, JL transferred majority ownership to a group of partners within the company. Through the recent purchase, the leadership and ownership were transitioned back to the Kinley family to drive the company forward with the next generation.

Since he was a kid, Jimmy, a sixth-generation Kinley, was involved with KCG. He worked as a project manager before leaving the company in 2018 to strategically grow the family business at the parent-company level. Now, as KCG's CEO, he brings with him an entrepreneurial-focused executive management team that includes external talents and resources and internal tenured leaders.

"We had exactly the right team of advisors who understood that this deal was more than just a business transaction. They were creative, flexible and worked through complex issues, playing a crucial role to get this deal done - an all-around great team," Jimmy said.

During the transaction, Third Coast Bank of Houston acted as the senior lender and Bell Nunnally & Martin was the leading counsel. The terms of the transaction were not disclosed.

About Kinley Construction

Kinley Construction is a nationally-recognized general contractor with a focused knowledge and working experience in the mechanical fueling industry. Construction niches are primarily in hydrocarbon products including crude oil, ethanol, LPG, NGL, condensate, jet fuel, diesel and gasoline. It's also a leader in design/build construction of hydrocarbon loading and offloading facilities in the U.S.

For more information: https://www.kinleyconstruction.com/

About Infinity Financial Group

Infinity Financial Group is the official trade name for I. F. Group, LLC, a boutique investment banking firm. It provides expert merger and acquisition (M&A) and corporate finance services to companies with revenues between $25 million and $250 million. The principals of the firm have successfully completed hundreds of millions of dollars in transaction value. Its primary clients consist of privately held, closely held and family-owned businesses. The principals are senior investment bankers with more than 25 years of professional experience.

For more information: https://ifgroup.us.com/

Infinity Financial Group announced its recent role as financial advisor to Kinley Construction Group, LTD. (KCG) during a majority purchase of its existing stakeholders. Jimmy Kinley, the newly-elected CEO of KCG, is now the firm's primary equity partner, along with his sister, Katherine Kinley and Rennie and Josh Crisafulli.

Related link: https://ifgroup.us.com/

Mortgage Coach and HomeBinder partner to engage homeowners in actively managing home financing across the homeownership lifecycle

IRVINE, Calif. /ScoopCloud/ -- Mortgage Coach, the mortgage industry's leading platform enabling lenders to create digital and accurate home loan options for consumers, today announced an integration with HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals. Powered by Mortgage Coach's Total Cost Analysis (TCA) presentations, the integration enables homeowners to compare refinance and home equity scenarios directly from the HomeBinder home management portal.

Mortgage lenders partnering with HomeBinder provide homeowners with a complimentary digital home management platform, or HomeBinder, upon closing of the loan. HomeBinder communicates with homeowners on behalf of the lender, centralizing all aspects of home management such as maintenance reminders, document storage, appliance recalls and home value. The integration with Mortgage Coach enables homeowners to compare how their current mortgage would perform against a standard refinance and a cash-out refinance at 15- and 30-year terms with the trusted insight and accuracy of Mortgage Coach TCAs. Through the integration, homeowners are also empowered with an interactive financial modeling experience. For instance, homeowners can adjust variables to see how applying additional money toward their monthly principal would shorten the length of their mortgage and save money on interest.

To help loan originators keep borrowers engaged in the home financing process over time, rule-based automation prompts HomeBinder to periodically invite homeowners to review their financing with a refreshed Mortgage Coach TCA illustrating how much money they could save by taking advantage of current interest rates. Additionally, loan originators can proactively engage homeowners by uploading custom TCA comparisons into the client's HomeBinder, allowing them to demonstrate the benefit of a future transaction or reinvestment.

"Educating borrowers inspires a level of trust that translates into increased conversion and borrower referrals, and automation ensures every fundable opportunity has a differentiating mortgage advice presentation," said Mortgage Coach President Joe Puthur. "This depth of integration allows lenders and depositories to create millions of HomeBinders that now include the proven transparency and influence of our TCA experience."

"Celebrity Home Loans is committed to matching each customer with the perfect mortgage for their needs, providing education and delivering value every step of the way," said Celebrity Home Loans Chief Strategy Officer Danny Horanyi. "The integration between Mortgage Coach and HomeBinder helps us honor our promise to empower customers long after closing."

"Our true north is providing homeowners a singular hub for managing all aspects of their home - and one important facet is financing," said HomeBinder Chief Strategy Officer Pete Paglia. "Integrating with Mortgage Coach helps keep homeowners engaged with lenders long after closing by introducing the concept of maintaining and improving not just the home itself, but also the home loan."

Mortgage Coach powered lenders and individual members can learn more about activating the HomeBinder integration by visiting https://www.mortgagecoach.com/homebinder or contacting their customer success representative.

About Mortgage Coach:

Mortgage Coach is the only platform that allows mortgage lenders to create digital and accurate home loan comparisons for consumers. With the Total Cost Analysis presentation, lenders can create a multi-option comparison, offering the borrower a more personalized digital experience. This level of transparency has revolutionized the rate quoting and pricing process allowing borrowers to make faster, more informed mortgage decisions and ultimately, increase production and pipeline conversion for lenders of any size. For more information on how to start using borrower education as a competitive advantage, please visit https://www.mortgagecoach.com.

About HomeBinder:

HomeBinder is a home management platform that makes maintaining a home's value easy while improving relationships between homeowners and the businesses that serve them. Unlike traditional leave-behinds like business cards and refrigerator magnets, HomeBinder maintains an ongoing digital connection with homeowners as they manage their data, documents and relationships over time. Founded in 2015, HomeBinder is a venture-backed Techstars Boston '19 company headquartered in Burlington, Massachusetts. For more information, visit https://pages.homebinder.com/.

Mortgage Coach, the mortgage industry's leading platform enabling lenders to create digital and accurate home loan options for consumers, today announced an integration with HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals.

Related link: http://mortgagecoach.com/

Dawn Taylor, former President of Centricity, has joined After, Inc. as Chief Revenue Officer

NORWALK, Conn. /ScoopCloud/ -- After, Inc., the global leader in Warranty Services since 2005, just announced that Dawn Taylor will be joining the company as Chief Revenue Officer. Dawn brings more than 27 years of warranty and service contract experience, serving as President of Centricity for the last 9 years. Her background and experience will be instrumental in leading the expansion of After, Inc.'s Warranty Services business, and its newly launched QuickSuite Platform.

"I have had the pleasure of working with the After, Inc. team for many years and have been an admirer of their innovative products," said Dawn. "I am looking forward to joining a great team and continuing to grow and expand our offerings in the market."

In 2016, Dawn was named a Finalist for the Tampa Bay Business Journal's "Businesswoman of the Year" Award. She's also won a Bronze Stevie Award for "Female Executive of the Year in Consumer Services" and in 2019 was recognized as one of Dealerscope's most Powerful Women in Consumer Technology.

"I couldn't be more thrilled that Dawn agreed to join After, Inc. at this stage of our development," said Nate Baldwin, CEO of After, Inc. "Not only does Dawn know the warranty and service contract market inside and out, but her business acumen will help us drive new subscribers for our new QuickSuite(r) portfolio of products."

About After, Inc.

After, Inc. (afterinc.com) is a pioneer in the Warranty Services industry. Since 2005, After, Inc. has been partnering with some of the world's top brands to help transform their warranty businesses, driving customer satisfaction post-purchase, higher product reliability, deeper brand equity and additional revenue and profit opportunities. After just recently launched its SaaS platform, QuickSuite, with a portfolio of products to help manufacturers, retailers, and ecommerce sellers build deeper relationships with their customers and drive customer satisfaction, loyalty, and lifetime revenue after the point of sale.

Headquartered in Norwalk, Conn. and with offices in New York City, After, Inc. is part of Galway Holdings Group, a financial services distribution company. It includes EPIC Insurance Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

Learn more at: https://www.afterinc.com/

After, Inc., the global leader in Warranty Services since 2005, just announced that Dawn Taylor will be joining the company as Chief Revenue Officer. Dawn brings more than 27 years of warranty and service contract experience, serving as President of Centricity for the last 9 years. Her background and experience will be instrumental in leading the expansion of After, Inc.'s Warranty Services business, and its newly launched QuickSuite Platform.

Related link: http://afterinc.com/

HomeBinder debuts new features that strengthen the relationship between homeowners, home professionals, mortgage lenders, insurance providers and other authorized partners

BOSTON, Mass. /ScoopCloud/ -- HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, home inspectors, insurance providers, home pros, real estate agents, and other authorized professionals, today announced the release of new features and user interface (UI) improvements designed to enhance the home management experience. By fostering greater consumer engagement in digital home management, HomeBinder keeps homeowners connected with the businesses that support their ownership journey, creating opportunities for repeat and referral business and helping build clients for life.

Notably, HomeBinder had introduced a proprietary home valuation tool that aggregates multiple data points - including renovations, appliance upgrades and the completion status of maintenance tasks - to estimate the home's current value and appreciation. The tool also tracks information including purchase price, current loan balance, loan term, interest rate, annual taxes and hazard insurance. The feature is designed to help homeowners better track their home's value and provide future buyers with deeper transparency into the history of the home.

The platform update also introduces an evergreen "To Do" list on the homeowner's homepage. The list highlights important tasks driven both by homeowner-specific binder data as well as the stage of ownership, following models used by many other successful SaaS platforms.

The new UI also features enhanced navigation and workflows that improve organization of tools such as document storage, maintenance history, home improvement projects, appliance models, property details and photos.

"This latest update to the HomeBinder interface strengthens homeowner engagement with the platform, keeping users connected with their mortgage lenders and other authorized home professionals," said HomeBinder Chief Product Officer Guy Tassinari. "By offering unique new capabilities and targeted improvements to organizational workflows, HomeBinder continues to be a valuable, user-friendly resource homeowners will return to again and again, creating long-term referral and repeat business opportunities."

To see how HomeBinder can help keep businesses connected with homeowners and support the journey of homeownership, schedule a demo at sales@homebinder.com.

About HomeBinder:

HomeBinder is a home management platform that makes maintaining a home's value easy while improving relationships between homeowners and the businesses that serve them. Unlike traditional leave-behinds like business cards and refrigerator magnets, HomeBinder maintains an ongoing digital connection with homeowners as they manage their data, documents and relationships over time. Founded in 2015, HomeBinder is a venture-backed Techstars Boston '19 company headquartered in Burlington, Massachusetts. For more information, visit https://pages.homebinder.com/.

HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, home inspectors, insurance providers, home pros, real estate agents, and other authorized professionals, today announced the release of new features and user interface (UI) improvements designed to enhance the home management experience.

Related link: https://pages.homebinder.com/

Depth Public Relations marks 15-year milestone serving mortgage industry fintech innovators

ATLANTA, Ga. /ScoopCloud/ -- Depth Public Relations, Inc. (DepthPR), a leading provider of consultative marketing, public relations and reputation management services for mortgage fintech innovators, the residential finance industry and technology for emerging regulated markets (regtech) is celebrating the 15th anniversary of its launch during the Mortgage Bankers Association's Annual Convention & Expo 2021 in San Diego.

DepthPR's business model was conceived to fill a knowledge and service gap for growth-focused technology innovators driving the modernization and digitization of housing finance. Combining unrivaled strategic insights and top-shelf content development with native digital marketing acumen, DepthPR has a track record for fueling adoption of its clients' solutions and services from customer relationship management (CRM), appraisal and loan origination through mortgage servicing, quality control (QC) and capital markets.

DepthPR founder Kerri S. Milam launched the firm in 2006 for the simple reason that she knew she could "build a better mousetrap" based upon her breadth of experience encompassing global PR agencies, public policy, B2B technology innovation, state and local government, financial journalism, cause-related marketing and B2B consulting.

"We ventured out on our own and hitched our wagon to residential finance innovation out of a passion for housing as a key economic driver and an affinity for the tech innovators and visionaries driving its modernization," said Milam. "Building a business is a worthwhile challenge, and even more so if you build it where your heart and intelligence can work in concert. That is what we created, and also the kind of client we serve most effectively."

During the last decade and a half DepthPR has maintained its commitment to avoid working with its clients' direct competitors and to facilitate strategic cross-pollination across clientele - an added value that continues to set the agency apart. Further, the firm emphasizes integrated marketing planning and a project management approach to maximize sustained momentum, support strategic pivots, and ensure 360-degree accountability.

"It says a lot that DepthPR has been the IDS agency of record since 2009," said IDS CEO Mark Mackey. "During that 12-year relationship we have come to rely on their services and to value the way they collaborate with our internal marketing team to ensure we spotlight the reputation we've built with mortgage lenders, closing agents and our partners over more than 30 years."

Despite the pandemic, DepthPR grew its client roster by 17% in the past year, increased employee headcount by 30% and promoted two staff members. As DepthPR reflects on its successful 15 years and its cultivation of mortgage, housing, and financial technology expertise, it looks to broaden its client base among emerging regtech markets.

About DepthPR:

Depth Public Relations (DepthPR) is a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending and residential finance industries. Since 2006, the firm has represented a clientele of established and emerging brands serving mortgage lenders, real estate professionals and appraisers. DepthPR is committed to serving the cause of digital innovation and to practicing the pay-it-forward principle alongside The Golden Rule. DepthPR is a member and supporter of the Mortgage Bankers Association, Housing Finance Strategies and The Mortgage Collaborative. For more information, visit https://www.depthpr.com/.

Depth Public Relations, Inc. (DepthPR), a leading provider of consultative marketing, public relations and reputation management services for mortgage fintech innovators, the residential finance industry and technology for emerging regulated markets (regtech) is celebrating the 15th anniversary of its launch during the Mortgage Bankers Association's Annual Convention & Expo 2021 in San Diego.

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

Global DMS’ EVO® enhances efficiency and mobility with Amazon’s Alexa Voice Command Interface

LANSDALE, Pa. /ScoopCloud/ -- Global DMS, the leading provider of cloud-based real estate appraisal management software, recently announced that its next-generation EVO platform is now voice-enabled, providing lenders access to key functionality and up to the minute information of their entire pipeline with Amazon's Alexa voice control - making EVO the first and only appraisal management software to provide this capability in the mortgage industry.

The Alexa Skill, called MyEVO™, allows EVO clients to securely access all appraisal information in their accounts through all Alexa capable devices, like Echo, Echo Dot, Echo Tap and the mobile Alexa apps for iPhone and Android by simply saying, "Alexa, Open MyEVO."

Users can then ask Alexa, Amazon's artificial intelligence that powers Alexa-enabled hardware and its associated products, to launch the MyEVO skill that enhances the virtual assistant's ability to conduct appraisal management tasks, such as ordering an appraisal, providing appraisal status updates, and delivering EVO's latest product enhancements and company news.

"At Global DMS, we are continually pushing the limits of technology to bring exceptional value to our clients and make the dream of Digital Mortgage a reality," said Global DMS® CEO, Vladimir Bien-Aime. "As artificial intelligence continues to evolve, we are committed to investing in voice technology and other AI powered voice assistants that enable us to provide an experience that is conversational and attuned with our customers' lifestyles. This first of its kind solution will enhance our customer's workflow and communications and allow them to work smarter when and where they wish, with just the sound of their voice."

EVO, the industry's most advanced cloud-based appraisal management platform, was designed to be both exceptionally intuitive and powerful enough to support a completely automated appraisal management workflow. The EVO platform centralizes and simplifies the process for lenders that utilize multiple AMCs, manage their own panel, or a combination of both. EVO allows authorized administrative users to instantly make changes to the platform's workflow, communications, vendors, and assignment logic to ensure success in an everchanging competitive mortgage market.

Learn more about EVO at: https://www.globaldms.com/evo-residential

About Global DMS:

Founded in 1999 and headquartered in Pennsylvania, Global DMS is a leading provider of cloud-based commercial and residential real estate appraisal management software. The company's solution set is cost effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies, and expedites the entire real estate appraisal process. Global DMS' solutions include its EVO-Res™ platform for residential lending, EVO-C™ platform for commercial lending, SnapVal™ appraisal pricing solution, AVMs, and the MISMO Appraisal Review System (MARS®).

For more information, visit https://www.globaldms.com/ or call (877) 866-2747.

About Amazon:

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit https://www.aboutamazon.com/ and follow @AmazonNews.

Global DMS, the leading provider of cloud-based real estate appraisal management software, recently announced that its next-generation EVO platform is now voice-enabled, providing lenders access to key functionality and up to the minute information of their entire pipeline with Amazon's Alexa voice control - making EVO the first and only appraisal management software to provide this capability in the mortgage industry.

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

FormFree selects Amazon Web Services (AWS) to power consumer financial identity solutions

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced it has selected Amazon Web Services, Inc. (AWS) to power FormFree's consumer Financial DNA® solutions for the lender market. FormFree, a pioneer in direct-source digital financial verification, leverages cloud computing technologies to deliver scalable and secure solutions to over 3,500 lenders and partners throughout the United States.

FormFree will leverage leading AWS technologies such as Amazon Managed Blockchain to create a scalable Hyperledger Fabric network to deliver its Passport® Token and vision of commoditizing borrowers' and credit providers' interests using non-fungible tokens (NFTs) in the FormFree Exchange (FFX), a marketplace solution that puts consumers in control of their lending interactions. Blockchain maintains the proof of truth as consumers use FFX to safely and securely share their verified Passport Token with prospective credit providers.

The partnership also strengthens FormFree's ability to deliver financial data to U.S. housing finance agencies by leveraging AWS's expertise in the federal government and housing finance sectors.

"The FormFree Exchange, powered by AWS, revolutionizes consumers' participation in the lending process," said FormFree Chief Technology Officer Brian Francis. "No longer is getting a loan centered on the lender. Instead, each consumer's unique Passport NFT puts them in control of who can see their financial information, and lenders can instantly get matched with leads that are not only qualified based on the consumer's level of interest but also verified based on the degree of fit between the consumer's financial profile and the lender's offerings."

About FormFree®

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReissueKey®.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

FormFree® today announced it has selected Amazon Web Services, Inc. (AWS) to power FormFree's consumer Financial DNA® solutions for the lender market. FormFree will leverage leading AWS technologies such as Amazon Managed Blockchain to create a scalable Hyperledger Fabric network.

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

SimpleNexus is acquiring LBA Ware

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced its acquisition of Macon, Georgia-based software firm LBA Ware™ (https://www.lbaware.com). The strategic transaction, SimpleNexus' first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.

"Bringing LBA Ware into the SimpleNexus homeownership platform gives mortgage lenders an unprecedented array of competitive advantages across borrower engagement, loan origination and closing as well as operations and business intelligence," said SimpleNexus CEO Cathleen Schreiner Gates. "This is an exciting moment for SimpleNexus. We welcome our new colleagues, who share our passion for helping lenders excel in their markets."

"As a company that values our partnerships with SimpleNexus and LBA Ware, we recognize this as an exciting moment for both firms and an opportunity for two market-leading teams to come together to push the boundaries of innovation on behalf of mortgage bankers," said Randy Allen, CIO of nationwide lender Fairway Independent Mortgage Corporation.

LBA Ware CEO Lori Brewer will join SimpleNexus as EVP and general manager. Brewer founded LBA Ware in 2008 and shepherded the bootstrapped company through thirteen years of product innovation and organic revenue growth. Initially a developer of custom software solutions for banks and mortgage lenders, LBA Ware soon made a name for itself as the creator of CompenSafe™, the mortgage industry's original and most prevalent incentive compensation management (ICM) software. In 2019, LBA Ware diversified its product offerings with the introduction of LimeGear™, a turnkey mortgage business intelligence (BI) platform.

"Together, LBA Ware and SimpleNexus will be able to offer mortgage lenders even more than the sum of our parts and redefine not only the digital mortgage experience, but also the mortgage BI category," Brewer said. "As consistent forces for innovation in the mortgage space, our firms have remarkably compatible cultures and complementary products. We look forward to a bright future as a unified team."

SimpleNexus and LBA Ware have more in common than their compatible cultures. Both companies have become perennial members of the Inc. 5000 list of America's fastest-growing private companies, and each has earned a loyal customer following exemplified by an average Net Promoter Score(r) that far surpasses benchmarks for the financial services and B2B software sectors. SimpleNexus and LBA Ware are both longtime members of Mortgage Bankers Association (MBA), The Mortgage Collaborative (TMC) and the American Credit Union Mortgage Association (ACUMA), among other industry associations.

The deal is expected to close by October 19, 2021.

Lenders attending the Mortgage Bankers Association's 2021 Annual Convention and Expo are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 p.m. PT. Schreiner Gates and Brewer will be on hand to meet with those who wish to learn about the acquisition.

Brewer is also a featured speaker at the conference. On Tuesday, October 19, she will join Success Mortgage Partners CEO Owen Lee and iEmergent CEO Laird Nossuli for a session designed to teach lenders how to manage costs and make smart staffing decisions with operational data and key performance indicators (KPIs). "Balancing Your Talent Pool" takes place from 1:30-2:30 p.m. in Room 1 on the Convention Center's Upper Level.

About SimpleNexus:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

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RELATED LINKS:

https://www.lbaware.com/compensafe

https://www.lbaware.com/limegear

https://www.eventbrite.com/e/mba-annual-cocktail-party-tickets-168481535809

https://www.linkedin.com/company/simplenexus/

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced its acquisition of Macon, Georgia-based software firm LBA Ware™. The strategic transaction, SimpleNexus' first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.

Related link: https://simplenexus.com/

NJ Lenders to roll out HomeBinder home management platform

BOSTON, Mass. /ScoopCloud/ -- HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals, today announced that NJ Lenders has selected HomeBinder to deliver a post-closing home management experience that improves customer retention and strengthens referral partner relationships.

NJ Lenders is an independent mortgage bank that has helped more than 125,000 families in fourteen states and the District of Columbia achieve their homeownership dreams over the course of its 30 years in business. With HomeBinder, NJ Lenders will replace the three-ring binder of loan documents it has long presented to customers with a personalized, cloud-based home management platform that helps homeowners care for their home and track its value over time.

HomeBinder features include an interactive to-do list and organizational tools such as centralized document storage, maintenance history, home improvement projects, appliance models, property details and photos. The platform also keeps contact information for loan officers, Realtors and other home service providers at homeowners' fingertips throughout the homeownership journey for increased referral and repeat business.

"HomeBinder offers tremendous value as a tool today's consumer will use again and again, long after moving into the home," said Steven Grossman, owner of NJ Lenders. "Moreover, as a lender that's built our model around repeat and referral business, we love giving our Realtor referral partners an opportunity to have their brand presented alongside ours every time a consumer accesses their HomeBinder."

Added Grossman, "HomeBinder is a great tool to present to buyers at closing. We used to create literal binders to collate loan documents, insurance info and contact information for the loan officer, Realtor and attorney and then ship them out via UPS. It was a massive undertaking that required a team of interns, and it only delivered a fraction of the value of HomeBinder."

"HomeBinder makes an excellent closing gift, but it's also so much more than that," said HomeBinder Chief Strategy Officer Pete Paglia. "Mortgage companies like NJ Lenders are embracing HomeBinder as an educational tool for first-time homebuyers, a wealth-building tool for protecting the value of the asset, a customer retention tool that keeps lenders top of mind and a relationship-building strategy that referral partners will love."

For more information, reach out to sales@homebinder.com.

About HomeBinder:

HomeBinder is a home management platform that makes maintaining a home's value easy while improving relationships between homeowners and the businesses that serve them. Unlike traditional leave-behinds like business cards and refrigerator magnets, HomeBinder maintains an ongoing digital connection with homeowners as they manage their data, documents and relationships over time. Founded in 2015, HomeBinder is a venture-backed Techstars Boston '19 company headquartered in Burlington, Massachusetts. For more information, visit https://pages.homebinder.com/.

About NJ Lenders:

NJ Lenders is a leading mortgage company that is privately owned and licensed as a residential mortgage banker. Founded in 1991, the company currently originates first and second mortgage loans in NJ, NY, CT, MA, PA, DE, DC, VA, MD, NC, GA, TN, TX, CO and FL. With seven offices and over $30 billion in closed mortgage loans, many of NJ Lenders' mortgage loan originators are recognized nationally as the best in their field. For more information, visit https://www.njlenders.com.

HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals, today announced that NJ Lenders has selected HomeBinder to deliver a post-closing home management experience that improves customer retention and strengthens referral partner relationships.

Related link: https://pages.homebinder.com/

Depth Public Relations promotes Johnna Szegda and Jenny Moss to client services director

ATLANTA, Ga. /ScoopCloud/ -- Depth Public Relations, Inc. (DepthPR), a leading provider of consultative marketing, public relations and reputation management services for mortgage fintech innovators, the residential finance industry and technology for emerging regulated markets (regtech), today announced its promotion of two key staff members in time to celebrate at the Mortgage Bankers Association's Annual Convention & Expo 2021 in San Diego.

Promoted to client services director are Johnna Szegda and Jenny Moss, who both joined the firm in 2018 as client service managers and immediately assumed integral roles in the delivery of client-facing services including writing and content creation, industry media and grassroot relations and frontline client relationship management. In their elevated roles, Szegda and Moss are responsible for delivering deep strategic guidance and broader industry relations for their client relationships as well as supporting broader agency growth initiatives.

"Just to be clear, promoting both Johnna and Jenny is not the result of DepthPR's growth," said firm Founder and President Kerri S. Milam. "Rather, our firm is growing because Johnna and Jenny have put their shoulders and minds to the wheel in serving our clients, putting into practice our fundamental principles of strategic planning, project management, superior writing and content development and end-of-the-day accountability. That is why we have promoted them."

Szegda joined DepthPR in Q1 2018 following an initial six-month contract engagement with the firm. Previously, she served as program and operations coordinator for a not-for-profit focused on building women's political power and civic engagement. She served as a supplemental instructor for introductory philosophy courses as she earned her bachelor's degree in English at Georgia State University.

Moss joined DepthPR in Q4 2018 after serving as a marketing and communications specialist with a metro-Atlanta mortgage banking firm and as assistant director of media relations at Mercer University in Macon, Georgia. Moss holds a master's degree in sports management and policy and a bachelor's degree in public relations, both from The University of Georgia in Athens, Georgia.

"It has been a great pleasure working alongside Johnna and Jenny for the last three-plus years," said DepthPR Vice President of Client Services Leslie Colley. "These are women who put their shrewd minds and sharp pencils to work every day to create the best possible outcomes for our clients. They are also fabulously unique individuals who have contributed significantly to the culture of our growing agency. Their promotion is well deserved."

"I have had the privilege of watching Jenny and Johnna mature into zealous client advocates and astute PR practitioners," said DepthPR Vice President of Client Services Lindsey Neal.

"Their tenacity, creativity and attention to detail have played no small role in ensuring the success of our clients' initiatives and cementing DepthPR's reputation for excellence in the mortgage fintech industry. Quite simply, we would not be the agency we are today without them."

About DepthPR:

Depth Public Relations (DepthPR) is a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending and residential finance industries. Since 2006, the firm has represented a clientele of established and emerging brands serving mortgage lenders, real estate professionals and appraisers. DepthPR is committed to serving the cause of digital innovation and to practicing the pay-it-forward principle alongside The Golden Rule. DepthPR is a member and supporter of the Mortgage Bankers Association, Housing Finance Strategies and The Mortgage Collaborative. For more information, visit https://www.depthpr.com/.

Depth Public Relations, Inc. (DepthPR), a leading provider of consultative marketing, public relations and reputation management services for mortgage fintech innovators, the residential finance industry and technology for emerging regulated markets (regtech), today announced its promotion of two key staff members in time to celebrate at the Mortgage Bankers Association's Annual Convention & Expo 2021 in San Diego.

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

FormFree applauds new Fannie Mae positive rent payment history enhancement to Desktop Underwriter as major advancement in homeownership access

ATHENS, Ga. /ScoopCloud/ -- ormFree® Founder and CEO Brent Chandler today released a statement commending Fannie Mae's efforts to remove barriers to homeownership by adding a positive rent payment history feature to Desktop Underwriter® (DU®).

The feature, which went into effect September 18, is designed to expand sustainable homeownership - particularly for renters with limited credit history. The feature is anticipated to benefit prospective homebuyers and mortgage lenders alike by increasing the number of applicants who receive an Approve/Eligible recommendation in DU.

"According to Fannie Mae research, factoring in first-time homebuyers' history of consistent rent payments is one significant difference between the lender qualifying and not qualifying applicants for a mortgage," said Steve Pawlowski, senior vice president of Fannie Mae Single-Family Products and Solutions. "Digital technology enables us to pull the data necessary to unlock more homeownership opportunities for qualified renters. Enhancements to Desktop Underwriter such as this one are a step toward making meaningful change."

Using verification of asset (VOA) reports supplied by authorized report suppliers like FormFree, DU automatically identifies recurring rent payments and takes them into consideration when assessing credit eligibility for certain, qualified first-time homebuyers. Only positive rent payment history is considered; DU does not evaluate late or missing rent payments or count them against a borrower.

Lenders using FormFree's AccountChek® VOA reports in conjunction with Desktop Underwriter have already begun taking advantage of positive rent payment history without disrupting current workflows.

"Back in 2015, FormFree identified rent payments as highly relevant to determining a consumer's ability to pay," said Chandler. "In the years since, we've independently developed and honed algorithms that can isolate rent payments in direct-source checking account data with great veracity. We applaud Fannie Mae for embracing this kind of technology as a tool for helping break the cycle of systemic racism that widens homeownership, wealth and quality-of-life gaps."

As a longtime authorized report supplier for the DU validation service, FormFree has an extended history of providing asset data for lenders to verify borrower eligibility. FormFree has also enhanced AccountChek with proprietary features that may not be available in competing VOA solutions. For instance, lenders do not have to order a 12-month AccountChek VOA report to supply 12 months of rent payment history to DU; instead, this feature is available with AccountChek reports of any length, including 30-, 60-, 90- and 180-day reports.

In addition, AccountChek has safeguards in place to ensure the collection of 12-month rent payment history does not unnecessarily expose lenders to non-rent transactions, such as large gift deposits, that occurred more than 90 days but less than 12 months in the past.

For more information about positive rent payment history, visit https://www.fanniemae.com/positive-rent-payments.

Current AccountChek customers who have questions about taking advantage of this feature should contact their FormFree account representative.

About FormFree®

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn at https://www.linkedin.com/company/formfree/.

FormFree Founder and CEO Brent Chandler today released a statement commending Fannie Mae's efforts to remove barriers to homeownership by adding a positive rent payment history feature to Desktop Underwriter® (DU®).

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

LBA Ware recognized as ‘Top Mortgage Employer’ by Mortgage Professional America

MACON, Ga. /ScoopCloud/ -- LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced it has been recognized as a 2021 Top Mortgage Employer by Mortgage Professional America (MPA). Honorees were selected based on anonymous employee survey results that measured how their business performs on a variety of metrics, including culture, benefits and employee development.

Now in its third year, MPA's Top Mortgage Employer awards program recognizes mortgage industry employers that foster a world-class workplace. Winners were evaluated based on a combination of benefits offered and employee responses to anonymous workplace satisfaction surveys. Out of hundreds of companies surveyed, only those that achieved an average employee satisfaction rating of 80% or higher were recognized by MPA as a leading employer in the mortgage industry.

"We're proud to have a culture at LBA Ware that attracts creative and dependable talent," said LBA Ware Founder and CEO Lori Brewer. "We make every effort to provide a fulfilling work environment because our team is our greatest asset and the root of all our success."

LBA Ware's high evaluation by its team members can be attributed to forward-thinking leadership, generous benefits, flexible work arrangements, professional development initiatives and the company's commitment to philanthropy.

The complete list of 2021 MPA top mortgage employers can be viewed at https://www.mpamag.com/us.

About LBA Ware™:

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2021 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage & finance industry's most trusted source of news, opinion and analysis. Created exclusively for the mortgage & finance industry, MPA provides a real-time web service that keeps time-poor mortgage & finance professionals up to date with the latest breaking news, cutting-edge opinion, and expert analysis affecting both their business, and their industry as a whole. For more information, visit https://www.mpamag.com/us.

RELATED LINKS:
https://www.lbaware.com/compensafe

LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced it has been recognized as a 2021 Top Mortgage Employer by Mortgage Professional America (MPA).

Related link: https://go.lbaware.com/

Sales Boomerang highlighted as a premier employer in the mortgage industry

WASHINGTON, D.C. /ScoopCloud/ -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today announced it has been ranked a 2021 Top Mortgage Employer by Mortgage Professional America (MPA) following a competitive selection process aimed to identify, recognize and honor the best employers in the U.S. mortgage industry.

Companies that chose to be considered in MPA's search for the best mortgage workplaces took part in a two-part process to determine placement. The first step assessed each company's workplace culture and benefits, and the second step was a survey completed by employees. MPA required a minimum number of responses based on company size and at least an 80% satisfaction rate to select the top companies.

"It's an honor for Sales Boomerang to be recognized as a distinguished workplace in the mortgage industry," said Sales Boomerang CEO Alex Kutsishin. "We take the time and resources to invest in our team because we know their hard work and dedication is the reason Sales Boomerang has become the mortgage industry's #1 borrower retention tool today."

Through growth and extremely low employee turnover, Sales Boomerang has more than tripled headcount over the past three years and continues to grow. The company has created a distinct service-oriented internal culture that reflects its No Borrower Left Behind™ mindset, setting a trend in the mortgage industry to value every borrower. Employees who participated in the survey highlighted Sales Boomerang's generous benefits packages, team-oriented internal culture and ample opportunities for advancement.

To view the complete list of MPA's Top Mortgage Employers of 2021, visit https://www.mpamag.com.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value.

To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind™ ethos, visit https://www.salesboomerang.com.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage & finance industry's most trusted source of news, opinion and analysis. Created exclusively for the mortgage & finance industry, MPA provides a real-time web service that keeps time-poor mortgage & finance professionals up to date with the latest breaking news, cutting-edge opinion, and expert analysis affecting both their business, and their industry as a whole. For more information, visit https://www.mpamag.com/us.

Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today announced it has been ranked a 2021 Top Mortgage Employer by Mortgage Professional America (MPA) following a competitive selection process aimed to identify, recognize and honor the best employers in the U.S. mortgage industry.

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

After, Inc. will launch its new QuickSuite® of products at the 12th Annual Extended Warranty and Service Contract Innovations Conference

NORWALK, Conn. /ScoopCloud/ -- After, Inc., a global leader in Warranty Services Solutions since 2005, just announced that it will be a Platinum Sponsor of the 12th Annual Extended Warranty and Service Contract Innovations Conference. The conference, which brings together companies across auto, appliance, mobile, electronics, home, and industrial equipment industries to discuss the latest trends and insights in extended warranty and service contracts, offers the ideal backdrop to unveil After's new QuickSuite® product portfolio.

"After, Inc. has been working with major brands for over 15 years, building and optimizing their warranty programs," says Nate Baldwin, After, Inc. CEO. "Today, we are excited to announce the launch of our new QuickSuite portfolio of products, starting with QuickReg and QuickCover, and shortly thereafter, QuickClaim, QuickInsights, and QuickRenew. All of our SaaS products work together across the customer lifecycle to help companies of all sizes manage their warranty sales and logistics processes with minimal human interaction and maximum profit potential."

The company will also lead two sessions at the conference. The first session on October 18th will be led by After's SVP of Business Development, Jon Margalit, who will discuss "Leveraging Innovative Tech to Overcome the Entry Barrier for Offering Extended Warranties." The second session on October 19 will be a panel format, moderated by Dan Hulkower, SVP, Business Development.

The panel, which includes Darius Bullock, Services Business Development Director, Pentair, and Gary Mitzner, President North American Region, Domestic and General, will share their experiences on "What a Unified Post-Sale Experience Means for Customer Satisfaction."

Learn more about QuickReg® and QuickCover® at https://www.quickreg.me/ and https://www.quickcover.me/. QuickClaim®, QuickInsights®, and QuickRenew® will launch in the latter part of Q4 2021.

About After, Inc.

After, Inc. (http://www.afterinc.com/) is a pioneer in the warranty business - providing product registration, marketing, analytics, and program administration to warranty organizations since 2005. After, Inc. partners with some of the world's top brands to help transform their warranty businesses, driving customer satisfaction post-purchase, higher product reliability, deeper brand equity and additional revenue and profit opportunities.

Headquartered in Norwalk, Connecticut, and with offices in New York City, After, Inc. is part of Galway Insurance Holdings, LP ("Galway Holdings"), a financial services distribution company that includes EPIC Insurance Brokers & Consultants and PowerGuard® Specialty Warranty, as well as a diversified brokerage distribution and underwriting platform, with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

After, Inc., a global leader in Warranty Services Solutions since 2005, just announced that it will be a Platinum Sponsor of the 12th Annual Extended Warranty and Service Contract Innovations Conference. The conference, which brings together companies across auto, appliance, mobile, electronics, home, and industrial equipment industries to discuss the latest trends and insights in extended warranty and service contracts, offers the ideal backdrop to unveil After's new QuickSuite® product portfolio.

Related link: http://afterinc.com/

SimpleNexus debuts in-app payments with Nexus Pay at MBA Annual21

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the debut of Nexus Pay at the Mortgage Bankers Association's Annual Convention and Expo (MBA Annual21) happening October 17-20 at the San Diego Convention Center.

Powered by global payment technology provider Global Payments (NYSE: GPN), Nexus Pay enables mortgage loan applicants to seamlessly pay for any mortgage-related charges. Payments such as appraisal fees, credit checks, first month's payment and more can be fulfilled in the same mobile hub borrowers use to receive loan status updates, eSign documents, collaborate with loan officers and Realtors and complete other loan-related tasks.

Nexus Pay makes it easy for loan applicants to submit payments via credit card or ACH within the SimpleNexus app without human assistance, accelerating delivery of payments and creating process efficiencies for mortgage lenders. In-app push notifications alert applicants when they need to complete a payment task, and lenders can use the SimpleNexus admin portal to track payment history; view payment status on the borrower's loan details page; and edit, void or refund payments if necessary.

"With Nexus Pay, we've removed the friction that often occurs when payments are required in the mortgage workflow, making it easier and quicker for borrowers to pay - and lenders to receive - those payments," said SimpleNexus Chief Product Officer Shane Westra. "By folding another step of the homeownership journey into the SimpleNexus app, lenders can provide their customers an industry-leading, on-brand home financing experience from start to finish."

See Nexus Pay in Action

Mortgage lenders attending MBA Annual21 are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 pm PT.

SimpleNexus will present a live demonstration of Nexus Pay on Tuesday, October 19, during the 12:30-1:15 p.m. PT lunch break. The demo will take place at the Innovation Stage, Ground Level, Exhibit Hall A.

Conference attendees can also stop by SimpleNexus' booth #601 in THE HUB during exhibition hours on Sunday, October 17, from 6 to 7:30 pm PT, on Monday, October 18, from 10 a.m. to 5 p.m. PT or on Tuesday, October 19, from 9:30 a.m. to 4 p.m. PT.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platform's native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Learn more at: https://www.simplenexus.com/

RELATED LINKS:

https://www.mba.org/conferences-and-education/event-mini-sites/annual-convention-and-expo/

https://www.globalpaymentsintegrated.com/

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the debut of Nexus Pay at the Mortgage Bankers Association's Annual Convention and Expo (MBA Annual21) happening October 17-20 at the San Diego Convention Center.

Related link: https://simplenexus.com/

Lender Price Receives Strategic Investment Led by Argentum to Support Rapid Growth

PASADENA, Calif. /ScoopCloud/ -- Lender Price, a leading provider of cloud-based mortgage pricing and digital lending solutions, announced today that it has received a strategic investment led by Argentum with participation from First Analysis and existing investor Costner Lake Investments. The investment will further accelerate Lender Price's rapid growth by supporting product development, sales & marketing, and customer service capabilities.

Many mortgage originators and lenders use decades-old technology to run their core operations, resulting in costly process inefficiencies and missed revenue opportunities. Lender Price's innovative technology allows lenders to easily manage and streamline key parts of the mortgage process, including origination, pricing, underwriting, and secondary marketing. Along with added functionality, Lender Price's products are built on a modern tech stack that makes them faster, more configurable, and easier to integrate than competing solutions.

Lender Price's product suite of SaaS solutions is anchored by an advanced enterprise product, pricing, and eligibility (PPE) engine that allows lenders to make pricing-related adjustments across all of their channels in real-time. The pricing engine powers the company's other automated mortgage solutions to create a tightly integrated digital lending platform that also includes: a marketplace connecting brokers to up-to-date pricing of hundreds of wholesale lenders, a digital point of sale that simplifies the origination process, and a first-of-its-kind underwriting and pricing engine for non-agency mortgages (FLEX).

Currently, Lender Price supports 150+ lenders, thousands of brokers, and 50,000+ loan products. While it serves customers of all sizes, it works with some of the country's largest lenders including Mr. Cooper, Flagstar Bank, American Financial Resources (AFR), PennyMac, Rocket Mortgage, Freedom Mortgage, several non-agency lenders, and two of the top ten commercial bank mortgage lenders.

"This investment will enhance our ability to offer industry-leading technology and services that meet the growing needs of originators and lenders," said Dawar Alimi, Co-Founder and CEO of Lender Price. "Given Argentum's track record of successfully scaling B2B SaaS companies, fintech experience and extensive industry network, we could not be more excited to partner with them to pursue the large opportunity ahead of us."

Lender Price experienced rapid growth in 2021 and recently reported that it processes over $20 BN in locked loan volume through its platform every month.

"Lender Price's software is critical in helping lenders rapidly execute profitable lending strategies with ease. With a highly advanced technology platform and experience supporting a diverse customer base that includes some of the industry's largest and most sophisticated mortgage lenders, the company is helping the mortgage industry modernize its workflows and process burgeoning loan volumes," said Daniel Raynor, Managing Partner at Argentum.

"From lead to loan lock and beyond, Lender Price's products provide value at each step of the mortgage process. We look forward to supporting Dawar and his team as they continue to scale the company and establish themselves as a leader in origination, pricing, and underwriting technology," added Sohum Doshi, Vice President at Argentum, who will join Lender Price's Board of Directors in connection with the investment.

About Lender Price

Lender Price is a California-based developer of mortgage technology, including an advanced product, pricing, & eligibility (PPE) engine, digital lending point-of-sale (POS), and non-agency automated underwriting engine. Lender Price provides all types of mortgage lending institutions - wholesale and correspondent lenders, banks, credit unions, and mortgage brokers - with advanced technology designed to eliminate friction, increase transparency, and effectively engage with borrowers. More information about Lender Price can be found at: https://lenderprice.com

About Argentum

Argentum is a New York-based growth equity firm that helps scale bootstrapped B2B software, technology-enabled and business services companies. The firm invests in companies that are seeking capital to accelerate growth, fund acquisitions and / or generate shareholder liquidity. Over its 30-year history, Argentum has invested in over 90 companies and supported more than 200 add-on acquisitions. To learn more, visit: https://argentumgroup.com/

Lender Price, a leading provider of cloud-based mortgage pricing and digital lending solutions, announced today that it has received a strategic investment led by Argentum with participation from First Analysis and existing investor Costner Lake Investments. The investment will further accelerate Lender Price's rapid growth by supporting product development, sales & marketing, and customer service capabilities.

Related link: https://lenderprice.com/

MCT Deepens MSR Expertise with Hire of Azad Rafat

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services. Mr. Rafat will leverage his hands-on experience designing, building and managing mortgage servicing products to help MCT clients achieve their mortgage servicing goals. The hiring of Mr. Rafat ensures MCT continues to meet the increased demand of their MSR products and services.

"Azad is a powerful addition to the fantastic team we've built in MSR. His knowledge base and experience plug right in to our industry leading valuation platform," said Tom Farmer, Managing Director of Sales and Business Development. "He shares the MCT DNA with a passion for innovation and customer service."

This expertise comes at a perfect time for MCT clients. As MSR pricing continues to improve and the need for bulk MSR sales increases, Mr. Rafat's industry expertise can help ensure clients receive the best price for their bulk MSR sales. He will also be able to help clients make important MSR decisions regarding their MSR portfolios.

Mr. Rafat brings to MCT over 30 years of experience in the mortgage industry. He has over 20 years extensive experience in all aspects of mortgage servicing rights valuations, analytics, and risk management of small to some of the largest servicing portfolios. He also spent about 10 years in mortgage servicing acquisitions and sales operations, managing mortgage servicing platforms, and mortgage servicing operations and finance.

"I am honored and excited to work side by side with such talented and innovative group of people," said Azad Rafat. "I look forward to contribute to MCT's continuous growth and success."

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Herldsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:

https://mct-trading.com/about/team/azad-rafat/

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services.

Related link: https://mct-trading.com/