Category Archives: Finance

The Alliven Group Names Yehuda Newman as Vice President of Acquisitions

LAKEWOOD, N.J. /ScoopCloud/ -- The Alliven Group, a leading New Jersey-based real estate firm, has announced the arrival of Yehuda Newman as Vice President of Acquisitions. Mr. Newman will be focusing on all aspects of new transactions with Joint Venture partners, as well as growing an in-house multifamily platform to complement The Alliven Group's already robust portfolio of joint venture properties.

"Following an extensive search, we are excited to welcome such an experienced, capable, and passionate leader to our team," said Rachel Lasry, COO of The Alliven Group. "Yehuda's background in multifamily investments is a great fit with our focus on the multifamily market, which has been very successful for us."

Prior to joining The Alliven Group, Mr. Newman spent five years at The Lightstone Group, a New York City private equity firm. His responsibilities included sourcing and underwriting potential acquisition opportunities, particularly value-add multifamily and development sites. He worked closely with the executive team, performing market research of new target MSA's; developed investment recommendations; and managed the transaction due diligence and closing processes. Mr. Newman has been instrumental in closing multimillion-dollar deals across the country, including hotels, development sites, and multifamily assets.

When sourcing new deals and reviewing the projected performance of an investment, Mr. Newman always makes it a point to visit each location and learn about it from the ground up, working to build relationships with the people behind the deal. He brings that development philosophy to The Alliven Group, which has pursued opportunities across the country. "I like to get to know the place and meet the people there, because ultimately, it's not the numbers that make the deal happen, it's the people who do it," Mr. Newman said.

"This is an exciting opportunity to develop new relationships and explore new structures," Mr. Newman added. "I look forward to leveraging my experience to create value with The Alliven Group."

About The Alliven Group

The Alliven Group is a private equity real estate firm headquartered in New Jersey with a diverse portfolio of select income-producing properties including multifamily, healthcare facilities, and office buildings. With over three decades of experience, we are known for our keen sense of market trends and timing. Our team successfully identifies opportunities and creates equity through diligent acquisitions, thoughtful development, attentive management, and targeted value-added capital improvements. Learn more: https://alliven.com/

The Alliven Group, a leading New Jersey-based real estate firm, has announced the arrival of Yehuda Newman as Vice President of Acquisitions. Mr. Newman will be focusing on all aspects of new transactions with Joint Venture partners.

Related link: https://alliven.com/

FormFree Taps Jocelyn Crum Brooks, AMP, as National Account Manager

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) has appointed Jocelyn Crum Brooks, AMP, as national account manager. Brooks will leverage her two decades' experience supporting lender relationships with the Federal Home Loan Mortgage Corporation (Freddie Mac) to build new customer relationships and strengthen existing customer engagement with FormFree's flagship products, AccountChek(R) and AccountChek Plus(TM).

"Jocelyn has earned her reputation as a valued partner in guiding lenders through complex pricing, credit performance and technology adoption requirements to achieve outstanding business results," said FormFree Founder and CEO Brent Chandler. "She will play an important role in our mission of empowering lenders to collect and verify borrower financial DNA - including asset, employment and income data - electronically in just minutes."

Prior to joining FormFree, Brooks spent 19 years in various account-facing positions at government sponsored entity (GSE) Freddie Mac, where she led cross-divisional teams to support credit unions', banks' and independent mortgage lenders' successful participation in Freddie Mac programs.

Brooks' work at Freddie Mac earned her numerous awards including the Technology Integration Award for driving lender adoption of technology tools, the Chairman's Award for leadership in client relationship management and the Outstanding Business Results Award for performance excellence. Brooks has earned the Mortgage Bankers Association's Accredited Mortgage Professional (AMP) designation.

"I've dedicated my career to helping drive lender success through education and technology adoption," said Brooks. "I'm thrilled to join FormFree, where I can offer lenders the industry's most trusted and forward-thinking solutions for determining a borrowers' ability to repay."

About FormFree(R)

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(TM) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications.

FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

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

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*Photo caption: Jocelyn Crum Brooks, AMP.

FormFree has appointed Jocelyn Crum Brooks, AMP, as national account manager. Brooks will leverage her two decades' experience supporting lender relationships with the Federal Home Loan Mortgage Corporation (Freddie Mac) to build new customer relationships and strengthen existing customer engagement with FormFree's flagship products, AccountChek and AccountChek Plus.

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

Top of Mind Networks partners with MobilityRE to fuel mortgage loan officer/real estate agent collaboration through SurefireCRM

ATLANTA, Ga. /ScoopCloud/ -- Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has added game-changing real estate market intelligence, collaboration and analytics tools from MobilityRE to its flagship SurefireCRM.

"Mortgage lenders and real estate agents who forge mutually productive relationships deliver a better homebuying experience, which in turn instills consumer loyalty and feeds growth through word-of-mouth and social sharing," said Top of Mind EVP of Strategic Partnerships Jonas Kruckeberg. "Top of Mind's integration with MobilityRE is among our most exciting, because it gives loan officers the market intelligence they need to seek out highly productive referral relationships - which SurefireCRM then makes easy with built-in solutions for referral partner co-branding."

SurefireCRM provides access to the most extensive property listing coverage of any CRM, allowing lenders to generate Realtor-co-branded websites for individual properties using data and images pulled straight from a listing. As these Single Property Sites collect leads, SurefireCRM automatically goes to work nurturing those leads with co-branded, multi-channel marketing campaigns.

"In today's mortgage market, everyone is using a mobile device to search for a home. With MobilityRE, Realtors can provide a top-quality, mobile-optimized home search experience in a branded app that insulates borrowers from opportunistic competitors," said MobilityRE CEO and Founder Ben Teerlink. "Mortgage originators can then use data insights from our Mortgage Market Intelligence to identify the most productive agents and bring them into SurefireCRM to start building mutually beneficial relationships. Loan officers who follow this approach are seeing tremendous success and really growing their production volumes."

With MobilityRE's Mortgage Market Intelligence (MMI), SurefireCRM customers can assess current marketplace productivity and act on competitive intelligence to build the networks that best support their marketing strategies. For instance, lenders can identify which real estate agents are closing the most loans of a given type within a given geographical area. Lenders can even track agent activity in real time, receiving alerts as Realtors post new listings.

MobilityRE first made a name for itself with its white-labeled home search app. Designed for Realtors and lenders to share with their clientele, the app pulls property information directly from MLS databases, ensuring data accuracy for a superior consumer experience. When new listings hit the market that meet the prospective homebuyer's criteria and credit capacity, MobilityRE automatically alerts Realtors and loan officers so they can proactively schedule home viewings and prepare pre-approval letters.

About Top of Mind Networks:

Founded in 2003, Atlanta-based Top of Mind Networks (https://www.topofmind.com) started as a bootstrapped direct-mail marketing company. Today, the company is recognized as the mortgage industry's most-relied-upon provider of marketing automation and creative content solutions. From individuals to enterprise lenders, Top of Mind's SurefireCRM helps thousands of mortgage professionals win new business, earn repeat business and deserve referral business. With intuitive, "set it and forget it" workflows and award-winning content, mortgage professionals are able to effortlessly maintain and deepen their emotional connections with clients.

About MobilityRE:

MobilityRE is a rapidly growing technology company whose all-in-one mobile real estate technology solution(tm) is used by thousands of real estate professionals at leading U.S. and Canadian brokerages, including Prudential, Coldwell Banker, Keller Williams, Century 21 and RE/MAX. With MobilityRE, brokers and agents can give homebuyers a branded mobile app that makes it easy to search or view any property on the Multiple Listing Service (MLS). Visit https://mobilityre.com to learn more.

Twitter: @mortgagecrm @MobilityRE #homesearch #mortgagemarketing

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Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has added game-changing real estate market intelligence, collaboration and analytics tools from MobilityRE to its flagship SurefireCRM.

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

Arvest Bank to roll out SimpleNexus mobile-first mortgage platform

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than 200 retail loan officers at Arvest Bank (Arvest) will soon begin offering borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus.

Arvest operates more than 270 branches in four states and holds over $20 billion in total assets. Wholly owned subsidiary Arvest Central Mortgage Company (CMC) is a licensed lender and mortgage servicer serving customers in all 50 U.S. states and the District of Columbia. Arvest services a total of $71 billion between Arvest Bank and CMC.

"After handling unprecedented refinance volume and setting new records for purchase transactions for two years running, we knew we needed a world-class technology partner who could tune our mortgage division to work as efficiently as possible," said Matt Kendall, executive director of administrative operations for Arvest Central Mortgage Company. "At the same time, delighting customers with a positive mortgage transaction is priority number one. SimpleNexus was the clear choice with its simple, cohesive, omni-channel experience that lets loan officers focus on delivering personalized service instead of chasing tasks."

SimpleNexus' full-featured mortgage origination toolset is built with mobile in mind but works from any device. For instance, borrowers can start a loan application on a desktop computer and finish it on a mobile phone, and loan officers can order credit reports, run pricing, send pre-approvals and sign disclosures from the field using a mobile device. The platform unites loan officers, borrowers and referral partners throughout the loan life cycle for easy communication, efficient document exchange and transparent milestone updates.

Because Arvest services the majority of the loans it originates, maximizing portfolio retention is an important part of the company's financial risk management strategy. SimpleNexus helps keep customer relationships "sticky" by delivering a memorably simple mortgage experience through a branded app that stays on consumers' phones long after the loan closing. When the borrower is ready for a refinance or new purchase loan, SimpleNexus makes it easy to get back in touch with the loan officer and real estate agent from their last transaction.

"Regional banks are finding their mortgage divisions perform best when powered by technologies purpose-built for making loan teams more productive and the customer experience less burdensome," said SimpleNexus Founder and CEO Matt Hansen. "SimpleNexus understands that a stellar customer experience doesn't have to come at the cost of operational efficiency. We're delighted to work with Arvest Bank to create strikingly simple mortgage transactions that will keep customers coming back."

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

About Arvest:

Arvest Bank operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest also is one of a select few banks in the nation to have its mobile app - Arvest Go - certified by J.D. Power for providing an outstanding mobile banking experience. Arvest is an Equal Housing Lender and Member FDIC. For more information, visit https://www.arvest/com.

About Arvest Central Mortgage Company:

Arvest Central Mortgage Company (CMC) is a subsidiary of Arvest Bank, servicing and subservicing $61 billion in mortgages for more than 280,000 customers. CMC is an approved servicer of Fannie Mae, Freddie Mac and Ginnie Mae loans, and is in good standing with HUD and the VA. Additionally, Moody's Investors Service has rated CMC as an SQ2 primary servicer of prime residential mortgage loans. Fitch Ratings has rated CMC as an RPS 2+ residential mortgage primary servicer for its prime product. For more information, visit https://www.arvestcentralmortgage.com.

Twitter: @SimpleNexus @ArvestBank #digitalmortgage #mortgagelending

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SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than 200 retail loan officers at Arvest Bank (Arvest) will soon begin offering borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus.

Related link: https://simplenexus.com/

Independent Bankers Association of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider

AUSTIN, Texas /ScoopCloud/ -- The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions. PMP combines an intuitive, collaborative digital-mortgage platform with comprehensive fulfillment services, giving banks the cutting-edge technology and scalability required to compete in today's market.

Banks partnering with PMP determine their own product and loan pricing strategies while PMP handles the rest. With PMP, banks can field their own loan officers to co-pilot the application process and collaborate with their borrowers via PMP's proprietary point-of-sale, Borrower Wallet(r). PMP processes and underwrites each loan using client-provided business rules and closes in the bank's name.

"IBAT is thrilled to add Promontory MortgagePath to our roster of top-quality endorsed service providers," said Christopher Williston, IBAT president and CEO. "As our members know all too well, the financial services landscape is changing and that includes the need to provide an efficient and effective mortgage experience that community bank customers expect. We look forward to our new relationship and the value it will provide Texas community bankers."

This game-changing technology is required to help community banks retain and acquire customers who are increasingly demanding a digital experience. With the current challenges to in-person interactions magnified by the COVID-19 pandemic, the ability to transact digital mortgage services becomes even more critical to success.

In these early stages of economic recovery, the anticipated refinance, HELOC and first-time-homebuyer activity offers community banks an opportunity to acquire new mortgage customers. With PMP's solutions, banks benefit from increased efficiencies and a scalable business model while offering their customers an intuitive and modern digital-mortgage experience.

"For community banks, service is the big differentiator. Our digital platform and fulfillment models enable clients to deliver an exceptional customer experience with increased scalability and efficiency," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "Times like these underscore the value of a solution that blends great service with innovative technology," he added.

PMP's founder, former U.S. Comptroller of the Currency Gene Ludwig, has been committed to community- and regional banking for decades. He has channeled his expertise as a former federal regulator into creating companies and products to improve the competitive posture of community banks while retaining a focus on compliance, including Promontory Interfinancial Network (PIN) and Promontory Financial Group.

Ludwig brought this same dedication to innovation, service, risk management and compliance excellence to Promontory MortgagePath. Compliance is deeply ingrained in its technology development and at the forefront of its fulfillment solutions. Banks partnering with PMP will get a customized, data-driven solution that results in more-compliant loans.

For more information about IBAT's endorsement of PMP, visit www.ibatservices.com.

About the Independent Bankers Association of Texas

Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets range in size from $21 million to $31 billion with combined assets statewide of $193 billion. IBAT member banks are committed to supporting and investing in their local communities.

About Promontory MortgagePath | 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 businesses. Their tailored, modern and cost-effective set of mortgage solutions help lenders remain competitive in a rapidly-changing mortgage market. Promontory MortgagePath combines an intuitive, collaborative digital-mortgage platform with comprehensive fulfillment services, giving lenders the cutting-edge technology and scalability required to compete in today's residential mortgage market, profitably. The company's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a far-sighted thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most-pressing challenges. To learn more, visit https://www.mortgagepath.com/.

The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions.

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

LBA Ware Issues Q2 2020 Mortgage Loan Originator Compensation Report

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry compensation in the second quarter of 2020. The firm's analysis of data from its CompenSafe(TM) ICM platform shows significant refinance volume growth in Q2 2020 compared to Q2 2019 contributed to a 59% year-over-year increase in total loan originator (LO) commissions paid over the three-month period.

Methodology

LBA Ware reviewed account data for mortgage lenders who used CompenSafe to automate incentive compensation throughout the second quarter of 2020. The controlled, sample dataset consisted of retail, first-lien production from LOs who funded at least six loans during the three-month period beginning April 1, 2020, and ending June 30, 2020.

Key Findings
* Commissions earned by LOs in Q2 2020 increased 59% from Q2 2019, because the average LO originated and funded 63% more volume in Q2 2020 ($2.4M per month) versus Q2 2019 ($1.4M per month).
* Refinance transactions drove the market in Q2 2020, accounting for 56% of total volume funded in the quarter (versus only 21% of total volume funded in Q2 2019). LOs averaged $1.4M in funded refinance volume per month, an increase of more than 230% over Q2 2019.
* Although paychecks were larger in Q2 2020 than Q2 2019, the uptick in refinance production contributed to a 2.7% decrease in per-loan commissions from 108 basis points in Q2 2019 to 105 basis points in Q2 2020. Refinance leads are more likely to be company-generated versus self-sourced, so they tend to pay out at a lower rate than purchase loans, averaging 100 basis points in Q2 2020 compared to 110 basis points paid out for purchase loans.
* Purchase volume held steady year-over-year with LOs averaging $1.08M in funded purchase loans per month ($1.16M in Q2 2019) and receiving on average 109.9 basis points per purchase loan (109.7 in Q2 2019).

"In this year of bleak economic news, surging refinance volume and steady home purchase business have been bright spots. Low rates have fortified lenders' pipelines and put more money in originators' paychecks," said LBA Ware founder and CEO Lori Brewer. "LO commissions paid out during the three-month period are up 59% over 2019. I just hope some of that hard-earned money gets set aside for the rainy days that are bound to follow expected increases in unemployment and loan defaults."

About LBA Ware(TM):

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, 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 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com.

Twitter: @LBAWare #CompenSafe #mortgagetrends #LOcompensation

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LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry compensation in the second quarter of 2020.

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

New UniConverter v12 with Powerful Media Convert Feature Upgrade

SHENZHEN, China /ScoopCloud/ -- On July 08, 2020, Wondershare (SHE: 300624) launched UniConverter v12 to hit the market. The latest version has an overhauled navigation bar-based interface and claims to offer drastically improved performance of the 'Video Converter' tool.

The new version rolled out with a couple of new features and said to bid significantly enhanced end-user experience and workability. Some of the mention-worthy advancements that Wondershare promises the users will get with UniConverter v12 include:

* Designed using the industry-leading APEXTRANS technology exclusive to Wondershare, the updated app is said to convert or compress the videos with zero picture quality deterioration. If the claims are correct, in contrast to its predecessor, the improved GPU acceleration exploits the multicore processor to its maximum.

* With 64-bit support, UniConverter v12 could boost the video conversion process by 20% as compared to its elder sibling.

* The program allows lossless batch conversions where setting global output parameters, and multiple videos can be converted to a relevant format in a single go with absolutely no quality loss. The audio and video conversion processes can temporarily be halted with the 'Pause' feature should some other resource-intensive important task come up that must be treated with priority.

* Otherwise, The app can convert 4K and 8K videos and can perform batch conversion for those large files.

* HEVC is another format type that UniConverter v12 supports, and claims to convert the videos with no loss of picture quality.

* The 'Task Scheduler' feature can arrange your conversion tasks and system activities after conversion.

Learn more about the product at: https://videoconverter.wondershare.com/convert-video.html

Formerly known as Wondershare Video Converter Ultimate, the latest version, UniConverter v12, hit the market on July 08, 2020. The app has an updated UI, and with the exclusive APEXTRANS technology, the program offers improved performance as compared to all its predecessors released to date.

Website: https://videoconverter.wondershare.com

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TICKER: SHE: 300624 / SHE:300624

On July 08, 2020, Wondershare (SHE: 300624) launched UniConverter v12 to hit the market. The latest version has an overhauled navigation bar-based interface and claims to offer drastically improved performance of the 'Video Converter' tool.

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

Valligent Technologies Hires Walter Allen as EVP of Digital Transformation

ROSEVILLE, Calif. /ScoopCloud/ -- Valligent Technologies (Valligent), the mortgage industry's residential valuation technology trendsetter, announced today that it has hired Walter Allen as executive vice president of digital transformation.

Within this position, Allen is charged with driving change and implementing Valligent's digital and technology strategy in key areas of appraisal alternatives, alternative inspections and cloud adoption. This role was created as part of Valligent's strategy to increase adoption of its award-winning virtual appraisal through partnerships and new client acquisition.

Prior to joining Valligent, Allen was an executive with CoreLogic Solutions. During his 13 years with the company, he developed successful strategies for capital markets clients including Morgan Stanley and Deutsche Bank, and later with federal agencies in the government solutions group, where he managed engagements and provided solutions for FHFA, OCC, HUD, Freddie Mac and others.

"Valligent's proprietary virtual inspection and appraisal process answers a longstanding mortgage industry problem: how to drastically expedite the appraisal workflow with a faster, more efficient valuation that doesn't sacrifice quality," said Allen. "Surprisingly, more companies haven't adopted it, but that's about to change. I'm extremely energized by this opportunity."

The technology behind Valligent's virtual appraisal enables an inspector to complete a comprehensive inspection without being at the property. With the time saved in visiting the property, the virtual appraisal can be completed in as little as one day. Typical traditional appraisal delivery times range from five to ten days.

"The need for the virtual appraisal is paramount, particularly at this time," said Jeremy McCarty, CEO of Valligent Technologies. "With lenders busier than ever, time and efficiency are key to preventing fall out and closing deals on time. Walter understands the value of the technology and the necessity of our solution. We're happy to have someone of his caliber on board."

About Valligent Technologies

Valligent Technologies is an award-winning, provider of residential valuation solutions employing patent pending processes and technologies. Over the past year, the company's Virtual Appraisal has gained significant attention among lenders, government entities and the media as the industry's first 100% regulatory compliant full interior inspection appraisal that can be completed in as little as one day, rather than the typical five to ten days. Valligent, which counts among its customers hundreds of banks, credit unions, and financial institutions, was established in 2002 and is based in Roseville, California.

For more information, visit: https://valligent.com/

Valligent Technologies (Valligent), the mortgage industry's residential valuation technology trendsetter, announced today that it has hired Walter Allen as executive vice president of digital transformation.

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

DocMagic and Simplifile Team to Advance eClosing Adoption, eNotarizations, and eRecordings

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.

DocMagic's Total eClose(TM) platform is a single-source platform that eliminates paper and offers major advantages over piecemealed providers that only address components of the overall eClosing process. The integration between Total eClose and Simplifile's Collaboration and Post Closing services includes access to Simplifile's eEligibility data for eNotarization acceptance.

Further, loan closings done through DocMagic's Total eClose platform can now be automatically routed to the settlement agent thorough Simplifile for electronic closing coordination, thus streamlining access to DocMagic's Total eClose room for the eClosing. The digital lift continues beyond the closing table with integrated eRecording with participating counties. Those recorded documents and the title policy are then returned electronically along with associated recording metadata to the lender.

"This integration further streamlines the post-closing process by extending the eClosing process to include county recordings," stated Dominic Iannitti, president and CEO of DocMagic. "Our partnership with Simplifile provides their vast network of more than 39,000 settlement agents with easy access to DocMagic's Total eClose services."

Using Simplifile, agents can seamlessly connect to all of DocMagic's eClose-enabled lenders in one place to exchange documents, data and closing logistics, thus enabling them to more easily support lenders' eClosing initiatives. In addition, Simplifile provides eClosing support and training to all agents to help drive adoption and success of eClosing efforts.

"Process consistency is key to driving eClosing adoption with lender closing teams and settlement agents, regardless of what percentage of loans qualify to be closed digitally or where individual loans fall on the digital spectrum," said Paul Clifford, president of Simplifile. "The combination of DocMagic's proven eClosing technology and Simplifile's settlement agent network creates a powerful foundation that enables lenders to scale their digital mortgage efforts as jurisdictional and investor requirements allow and capture every drop of efficiency and cost-savings possible."

DocMagic's Total eClose platform, coupled with its dynamic document generation service, establishes a single-source solution that intelligently digitizes documents from initial disclosures through closing documents. STRATMOR Group's 2019 Mortgage Technology Insight Study ranked Total eClose(TM) the eClosing leader based on market share, overall satisfaction and lender loyalty. Further, the survey also ranked the company as having the highest market share in the document generation category.

The integration with Simplifile extends automation of the process through post-closing to ensure final documents, data and fee information are returned to the lender after recording is complete, which provides lenders with greater control over the process.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web- based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Simplifile:

Simplifile, part of Intercontinental Exchange, is the nation's largest e-recording network, and connects settlement agents and county recorders via its e-recording service. It also offers collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share and track documents, data and fees with ease. To learn more, visit https://simplifile.com or call 800.460.5657.

About Intercontinental Exchange:

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

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Tickers: NYSE: ICE / NYSE:ICE / NY: ICE

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process.

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

Enhanced integration between SimpleNexus and Top of Mind’s SurefireCRM helps mortgage lenders curb abandoned applications, build books of business

ATLANTA, Ga. /ScoopCloud/ -- Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has added two-way data sync to its integration with digital mortgage app SimpleNexus. The enhanced integration enables mortgage lenders to automate marketing efforts during the pre-application phase, reducing the number of abandoned applications and capturing lead information for future marketing purposes.

"Mortgage lenders don't always have a good system in place for following up with early-stage loan applicants. That's because marketing automation efforts often rely on contact records that aren't created until the loan application is 100% complete," explained Top of Mind EVP of Strategic Partnerships and Industry Relationships Jonas Kruckeberg. "Top of Mind's integration with SimpleNexus solves that problem by pushing contact details to SurefireCRM as soon as the application is begun, enabling mortgage lenders to deploy marketing communications during the pre-application phase."

For instance, originators can use the integration to set up workflows that automate follow-up with borrowers who begin, but do not complete, a mortgage application. According to Kruckeberg, sometimes that extra communication is all that's needed to push a loan application across the finish line. Even if the borrower never finishes the application, data sharing between SimpleNexus and Top of Mind ensures mortgage loan officers can follow up down the road with rate opportunity alerts and other timely outreach. And with the latest updates to the integration, data flows both ways; with the push of a button, loan officers can fetch new or updated contacts from SurefireCRM and import them into SimpleNexus.

"Staying connected with borrowers-whether they are buying today or a few years down the road-is essential to increasing conversions and giving those customers the best experience around," said SimpleNexus CEO Matt Hansen. "With integration and two-way sync with Top of Mind's SureﬁreCRM, SimpleNexus helps loan officers win the business when the time is right."

About Top of Mind Networks:

Founded in 2003, Atlanta-based Top of Mind Networks (https://www.topofmind.com) started as a bootstrapped direct-mail marketing company. Today, the company is recognized as the mortgage industry's most-relied-upon provider of marketing automation and creative content solutions. From individuals to enterprise lenders, Top of Mind's SurefireCRM helps thousands of mortgage professionals win new business, earn repeat business and deserve referral business. With intuitive, "set it and forget it" workflows and award-winning content, mortgage professionals are able to effortlessly maintain and deepen their emotional connections with clients.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @mortgagecrm @SimpleNexus #marketingautomation #mortgagemarketing #digitalmortgage #domore

Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has added two-way data sync to its integration with digital mortgage app SimpleNexus.

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

MortgageCountry Perfects the eClosing Process – Goes Live with DocMagic’s Custom-Configured Total eClose™ Solution and Dynamic Document Preparation Service

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose(TM) platform and dynamic document preparation service. Since its launch, the lender has set a new standard for speed -closing loans in an average of 13 calendar days during the first two months of lending aided by DocMagic's 100 percent digital e-enabled documents working seamlessly with its eClosing interface, dramatically enhancing the client experience.

MortgageCountry identified a gap in the industry, dominated by large independent mortgage bankers and financial institutions after the financial crisis, which has significantly increased the consumer cost of a mortgage. The primary reason for rising consumer cost is the industry's reliance on a large outside sales infrastructure, absorption of mortgage brokers, and corporate expense allocations throughout the banking industry.

MortgageCountry is committed to reversing this negative trend while providing best-in-class products and services. Consequently, MortgageCountry partnered with the best of the best technology partners to provide an intuitive and simple platform that meets clients everywhere and anywhere.

MortgageCountry invested a substantial amount of time arriving at a long-term technology strategy that would completely set it apart from competitors. Their vendor due diligence and planning process was extensive, according to MortgageCountry, which entailed close collaboration with DocMagic's eClosing team to fine-tune the process from start to finish.

"To be successful in today's fast-moving, rapidly changing lending landscape, implementing the right technology is business-critical to disrupt an industry plagued with good ideas but poor execution," stated Sheila Salvitti, Director of Communications and Social Media at MortgageCountry. "MortgageCountry has successfully delivered on our promise to make the client experience as simple, quick and easy as possible. After DocMagic tailored Total eClose to our business needs and swiftly implemented the platform, we were flawless from the outset."

Salvitti continued: "DocMagic completely exceeded our expectations, helping us make our origination and closing process next-level efficient and creating a second-to-none closing experience for our clients. After seeing the level of perfection achieved, we knew we chose the right technology partner to realize our belief that the sky is the limit."

MortgageCountry reported that its clients consistently found the process intuitive, speedy and transparent by providing the complete closing documents well ahead of closing. Clients also stated that the process was much more comfortable than their prior experiences because they were able to review and sign the closing documents without the pressure of someone looking over their shoulder, and they valued the ability to sign on their own time without a rigid schedule.

MortgageCountry implemented a technology-forward, intuitive, and client-centric lending platform that meets clients everywhere and anywhere, and is complemented by a dedicated client experience team of industry gurus that are available to chat six days a week, 12 hours a day. MortgageCountry has found the right balance between technology and service to change the way consumers think about the mortgage process.

According to MortgageCountry, paramount to the solution was the utilization of DocMagic's dynamic, intelligent, data-driven loan documents and disclosures combined with Total eClose, which ensures that all data and docs match every step of the way for compliance adherence and the prevention of fraud. Via an integration with MortgageCountry's new loan origination system (LOS), DocMagic seamlessly and bi-directionally exchanges relevant loan data to complete transactions. MortgageCountry credits the ability to start from "scratch" as a competitive advantage in today's landscape where lenders are slow to adopt technology that drives efficiency and client satisfaction.

"It was a pleasure collaborating with the tech-savvy, forward-thinking team at MortgageCountry in a combined effort to master the eClosing process before they ever funded a single loan," stated Dominic Iannitti, President and CEO of DocMagic. "The unprecedented success we had with the solution configuration, troubleshooting and implementation of the platform helped setup MortgageCountry to be one of the most efficient independent mortgage bankers in the country. Using our combined docs and eClosing solutions, they have established a clear competitive advantage while also future-proofing their organization with the most contemporary, innovative technology in the industry."

Of note is that one of MortgageCountry's core underlying missions is to support local communities by donating five percent of its profits. MortgageCountry is fulfilling this mission by funding charities that are important to their clients, which also increases visibility of countless incredible organizations through their philosophy that "what is important to you is important to us."

In addition, MortgageCountry stated that it adopted a fully distributed business model from the outset - a key ingredient of its growth strategy. MortgageCountry is running its business virtually and much more cost effectively, avoiding the overhead required to house employees in corporate locations by implementing a 100 percent browser-based technology that is accessible from anywhere, anytime and any device with an internet connection. MortgageCountry believes its employees should work where they want, when they want and how they want. This affords MortgageCountry the ability to hire the most talented associates without geographic limitations.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes, and web- based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit http://www.docmagic.com/.

About MortgageCountry:

MortgageCountry, LLC is a direct mortgage lender built to reduce the cost of a mortgage through forward-thinking technology and a re-engineered mortgage process. MortgageCountry is reshaping the mortgage landscape by delivering the "best-in-market" product and unparalleled client experience. Founded in 2019, MortgageCountry has a fully distributed business model attracting the most talented associates without geographic limitations. MortgageCountry is committed to supporting local communities through our philosophy: What is important to you is important to us. For more details about MortgageCountry, visit http://www.mortgagecountry.com/ and follow us on Instagram @MortgageCountry.

Social Media: @DocMagic @MortgageCountry #DocMagic #ComprehensiveEclosings #TotaleClose #DynamicDocumentPreparation #MortgageCountry #TechSavvyLender #GivingBack

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose platform and dynamic document preparation service.

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

Promontory MortgagePath Expands Operations with Addition of Mortgage Fulfillment Center in Denver

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has opened a new fulfillment center in Denver. The new fulfillment center will allow Promontory MortgagePath to expand its operations in the western United States while maintaining the high level of service its clients are accustomed to receiving.

"Promontory MortgagePath's recent growth has resulted in the need to expand our operations beyond our original Danbury fulfillment center to continue providing compliant, technology-driven mortgage fulfillment services to our clients and their customers," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Combined with our fintech-first approach, community banks that outsource their mortgage fintech and fulfillment needs to Promontory MortgagePath are able to cost-effectively offer their borrowers an exponentially better experience without sacrificing the personal relationships that are characteristic of community banking."

Promontory MortgagePath combines a collaborative digital-mortgage platform with comprehensive fulfillment services, giving community banks the technology and scalability required to compete in today's market. The Denver fulfillment center expansion better positions Promontory MortgagePath to expertly service clients nationwide, while also adding to its ever-growing team of underwriters, processors, closers, lock desk analysts and more. In light of COVID-19, fulfillment center staff are operating remotely for the time being but will transition to an in-person work environment when it becomes safe to do so.

Promontory MortgagePath currently has open positions in both its Danbury and Denver fulfillment centers. For more information or to apply, visit https://www.linkedin.com/company/promontorymortgagepathllc/jobs/.

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 their ability to help community lenders resolve their most-pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has opened a new fulfillment center in Denver. The new fulfillment center will allow Promontory MortgagePath to expand its operations in the western United States while maintaining the high level of service its clients are accustomed to receiving.

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

IDS’ Tamara Olsen Honored By NEXT Mortgage Events’ Powerhouse Award

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced that Customer Service Representative Tamara Olsen has been named to the NEXT Mortgage Events' (NEXT) inaugural Powerhouse Awards list. NEXT Powerhouses are the women with longstanding, consistent track records who demonstrate excellence in their work ethic, insight and ingenuity. Olsen is recognized for her devoted and exemplary work in IDS' customer service department.

"Tamara is the type of employee every company and manager hopes to have and values when they do," said IDS Vice President and General Manager Mark Mackey. "She is dedicated to IDS and provides outstanding customer service to our clients. Tamara sets a standard for excellence in her department and inspires other customer service representatives to strive for the same level of service."

During her more than 7 years' work at IDS, Olsen has played a significant role in the establishment of a service-focused and client-centered culture and has helped reduce turn times for help desk tickets and customer service phone calls. She is also a key contributor to IDS' positive customer service reviews and statistics cited in the annual year-end review. Compared to global benchmarks, IDS' customer service department cited higher customer satisfaction rates (96% vs. 94%) and faster first reply time on customer service tickets (14.8 hours vs 18.8 hours) while handling nearly 200 tickets per month.

"NEXT's mission has always been to showcase the women who are the backbone of the mortgage industry - this award is part of that mission," said NEXT Co-Founder Jeri Yoshida. "We'll honor these top performers throughout #NEXTSUMMER20. Since this year's event is free and available online, we expect record-breaking attendance. We're thrilled that so many people in the mortgage industry will get to know these overachievers and acknowledge their role in their companies' success."

Originally billed as the NEXT 50 Over 50 Award, the overwhelming number of qualified nominees led to the award being rebranded as the Powerhouse Awards and the field of winners expanded to more than 50.

The full list of NEXT Powerhouse award honorees can be viewed at https://nextmortgagenews.com/next-powerhouse-award-winners/.

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/)

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Mortgage document preparation vendor International Document Services, Inc. (IDS), announced that Customer Service Representative Tamara Olsen has been named to the NEXT Mortgage Events' (NEXT) inaugural Powerhouse Awards list.

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

Don Baham accepted into invitation-only Forbes Technology Council

NASHVILLE, Tenn. /ScoopCloud/ -- Don Baham, President of Kraft Technology Group, LLC (KTG) has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

Don Baham was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

"We are honored to welcome Don into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."

As an accepted member of the Council, Don has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Don will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

Finally, Don will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

"I am honored to represent the Nashville community as a member of the Technology Council," said Don Baham. "I'm looking forward to engaging with other members of the council across the country and locally. KTG is a leader in IT management and cyber security for healthcare, financial services, manufacturing, and non-profit organizations throughout the southeast. Membership in the council further demonstrates our thought leadership in this space."

ABOUT FORBES COUNCILS

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Technology Council, visit https://forbestechcouncil.com/. To learn more about Forbes Councils, visit http://forbescouncils.com/.

ABOUT KRAFT TECHNOLOGY GROUP

Part of the KraftCPAs family of companies since 1992, Kraft Technology Group has been providing Computer Services, I.T. Security, Network Support, and Managed I.T. Services in the greater Nashville Tennessee area and beyond. Our mission is to empower small and midsize businesses to efficiently and securely utilize best of breed technology, so they can focus on reaching and exceeding their strategic goals.

Visit https://www.kraftgrp.com/ to learn more.

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0128s2p-Don-Baham-300dpi.jpg
*Photo caption: Don Baham, Forbes Technology Council.

Media Contact:
Don Baham
Kraft Technology Group
615-235-0434
info@kraftgrp.com

Don Baham, President of Kraft Technology Group, LLC (KTG), has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

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

SimpleNexus launches ConnectUs Chat to facilitate real-time loan file collaboration between loan teams, borrowers and real estate agents

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus ConnectUs Chat, a messaging feature that enables real-time loan file collaboration between loan originators (LOs), borrowers and real estate agents within the SimpleNexus platform.

SimpleNexus ConnectUs Chat centralizes loan file communication, making it easy for LOs and borrowers to reference past conversations and collaboratively advance loan progress in real time using the SimpleNexus mobile app or desktop experience. This direct communication channel lets borrowers receive support in the same place they sign forms and submit documentation for their loan. Vital borrower conversations are automatically logged in the SimpleNexus app, eliminating the need for LOs to consolidate communications from various personal and business communication channels.

SimpleNexus plans to enhance ConnectUs Chat with the introduction of two additional features later this year. The Team Members feature will connect extended loan teams to ConnectUs Chat, improving borrower access to support and facilitating internal loan team communication. Another update will allow parties to communicate "in context" by integrating loan file screenshots into the chat window.

"ConnectUs Chat boosts lender productivity by bringing loan tasks and borrower communication together in one place without detracting from the high-touch, 'from anywhere' loan experience consumers expect," said SimpleNexus Senior Product Manager Tyler Prows. "Our customers' enthusiastic response to ConnectUs Chat is a testament to the SimpleNexus product team's focus on developing innovative features that meet the needs of the market."

ConnectUs Chat marks the most recent in a series of SimpleNexus product releases that enhance lenders' ability to collaborate with stakeholders in the loan production process from anywhere. Notably, SimpleNexus Disclosures, introduced last year, allows borrowers to eSign disclosures and lenders to distribute individual closing packages to settlement partners for online retrieval. The May 2020 release of SimpleNexus Closing Portal enables mortgage closing teams to conduct hybrid closings that minimize the need for physical closing appointments.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage #mortgagelending #domore

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus ConnectUs Chat, a messaging feature that enables real-time loan file collaboration.

Related link: https://simplenexus.com/

Patent Bots LLC Releases New Legal Rankings for Tracking Patent Quality

SOMERVILLE, Mass. /ScoopCloud/ -- Patent Bots today announced its Patent Law Firm Quality Scores, a new ranking of 802 U.S. patent law firms with at least 50 issued patents for the year ending March 31, 2020. Patent Bots downloaded 310,842 publicly available patents from the United States Patent and Trademark Office and then used the company's AI-powered, automated patent proofreading tool to count the number of errors in each issued patent. Issued patents identify the law firm responsible for the patent and also the company that owns the patent.

The Patent Law Firm Quality Scores provide public recognition for patent firms doing exceptionally high-quality work in avoiding legal errors in issued patents. The Quality Scores show the names of only the top fifty firms (e.g., those with the lowest number of errors per issued patent). Patent law firms outside of the top 50 can login to the Patent Bots website to see their own quality scores and where they stand with respect to other patent law firms.

"Automated patent proofreading helps decrease the number of errors in issued patents," says Jeff O'Neill, Patent Bots Founder and CEO. "Patent law firms are recognizing the importance of doing quality work and are subscribing to our proofreading tool to move up in our rankings."

Benefits of the Quality Scores rankings include:
* A novel, highly relevant, objective measure of the quality of work performed by patent law firms.
* Recognition for firms that score well, demonstrating their dedication to patent quality.
* A catalyst for underperforming firms to improve the quality of their work.

Patent Bots will update these rankings on a quarterly basis and highlight firms who are improving their Quality Scores. Moreover, Patent Bots plans on releasing more data-driven insights about other aspects of patent quality to improve the patent industry.

About Patent Bots:

Patent Bots' automated patent proofreading tool enables patent attorneys to use cutting edge machine learning to provide their clients with better patents. In addition to proofreading, Patent Bots has a suite of products that includes patent examiner statistics, an art unit predictor, patent family trees, patent timelines, and more.

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

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Patent Bots today announced its Patent Law Firm Quality Scores, a new ranking of 802 U.S. patent law firms with at least 50 issued patents for the year ending March 31, 2020. Patent Bots downloaded 310,842 publicly available patents from the United States Patent and Trademark Office and then used the company's AI-powered, automated patent proofreading tool to count the number of errors in each issued patent.

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

LBA Ware Taps Data and Analytics Product Expert Brian Jordan as Director of Product Management

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has tapped financial data and analytics industry expert Brian Jordan as director of product management. Jordan was hired to enhance and expand LimeGear, LBA Ware's recently launched turnkey business intelligence (BI) platform.

Jordan possesses 13 years' product experience at global data aggregation and analytics firms serving the banking and financial services sectors. Immediately before joining LBA Ware, Jordan was a lead product manager at LexisNexis Risk Solutions, where he worked to provide strategic technical services for Quod, a pioneering credit bureau formed by Brazil's top-five banks focused on risk management and fraud prevention, intended to serve as a model for financial institutions of the future. Previously, Jordan held positions at Global Data Company (now Trulioo), a Vancouver-based global identity verification provider, and Zoot, a global provider of advanced loan origination, acquisition and decision-management solutions for financial institutions.

"Brian has extensive, industry-specific experience in data and analytics and a successful track record leading the development of complex and innovative fintech products," said LBA Ware Founder and CEO Lori Brewer. "He brings a valuable skill set to LBA Ware that will drive client-focused growth to our LimeGear business intelligence platform."

"Throughout my career, I've witnessed how quality business intelligence helps organizations achieve tremendous results," said Jordan. "LBA Ware's industry expertise combined with its passion for enhancing lender performance is unparalleled. I look forward to helping the team expand LimeGear to transform the performance of its mortgage lending clients."

About LBA Ware(TM):

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, 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 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://lbaware.com.

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Twitter: @LBAWare #PeopleMovers #mortgageindustry #newhires

LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has tapped financial data and analytics industry expert Brian Jordan as director of product management. Jordan was hired to enhance and expand LimeGear, LBA Ware's recently launched turnkey business intelligence (BI) platform.

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

Sasha Baluka Promoted to Partner at Bessolo Haworth, a Leading West Coast Tax, Accounting and Business Advisory Firm

SHERMAN OAKS, Calif. /ScoopCloud/ -- Bessolo Haworth, a leading West Coast tax, accounting and business advisory firm, announces the promotion of Sasha Baluka to partner. Baluka will continue to manage some of the firm's largest clients and will now also work with the firm's partners to manage and lead the organization.

"This was the perfect time to promote Sasha to partner," said the firm's Managing Partner, Larry Haworth. "In addition to her expertise in the manufacturing, retail and distribution segments, Sasha is a leader who works collaboratively with staff and others to ensure an exceptional level of client service."

"I look forward to this new chapter in my relationship with Bessolo Haworth," said Baluka. "Over the past year-and-a-half, I've seen how the partners lead and I'm confident that we will continue to build a firm that is relevant into the future."

Baluka, a graduate of California State University Northridge, joined the firm as a principal in late 2018. She is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. She has been honored by the San Fernando Valley Business Journal as a "Trusted Advisor" and was nominated for recognition as a "Women in Business" honoree.

About Bessolo Haworth:

Based in Sherman Oaks, California, Bessolo Haworth was founded by John Bessolo, Larry Haworth and Peggy Clark in 2007. Featuring CPAs, licensed tax and investment professionals and other expert staff, the independent firm's core expertise includes accounting and auditing, income tax planning and preparation, estate planning and compliance, investment consulting and business advisory services. The firm serves middle-market companies and high net-worth individuals throughout California and beyond. The firm has two other office locations in San Rafael, California and in Gig Harbor, Washington.

To learn more, visit: https://www.bhcpagroup.com/

MEDIA ONLY CONTACT
Pegi Matsuda
Pegi Matsuda Consulting
+1-818-493-6664 (media only)
pegi@pegimatsuda.com

Bessolo Haworth, a leading West Coast tax, accounting and business advisory firm, announces the promotion of Sasha Baluka to partner. Baluka will continue to manage some of the firm's largest clients and will now also work with the firm's partners to manage and lead the organization.

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

NotaryCam CEO Rick Triola Praises ALTA, MBA and NAR for Issuing Model RON Executive Order

NEWPORT BEACH, Calif. /ScoopCloud/ -- NotaryCam(R) Founder and CEO Rick Triola today hailed the efforts of the American Land Title Association (ALTA), Mortgage Bankers Association (MBA) and National Association of Realtors (NAR) to provide guidance and standardization for states seeking to temporarily authorize the use of remote online notarization (RON) for real estate closings. To date, all but seven states have some form of RON legislation or executive order in effect.

"NotaryCam has observed first-hand for some time the simplicity, security and convenience RON brings to the real estate closing ceremony, and while we wish the circumstances surrounding this joint effort were quite different, we applaud these trade groups for banding together to provide states with the necessary language to fortify the legal underpinnings of remotely executed notarial acts and provide real estate professionals with a measure of standardization regarding the particulars of these orders," Triola said.

"Prior to the onset of the COVID-19 pandemic, only 22 states had passed RON legislation, and even fewer had those laws in effect at that time. Thus, the majority of states had to pass temporary executive orders to allow the notarial act to be completed remotely in some form or fashion, many of which only authorized remote ink notarization (RIN) rather than RON," Triola continued. "While RIN provided a necessary stopgap early on, it is not a scalable or sustainable solution, particularly for real estate transactions. With COVID-19 cases continuing to rise and a vaccine still a distant possibility, states would be well advised to extend and expand their current orders to make RON the de facto method of document notarization for the near future."

The MBA has developed a RON Resource Center, which includes the model executive order as well as a sample letter for governors explaining the benefits of RON and an FAQ on the model state executive order. To access the resource center, visit https://www.mba.org/audience/state-legislative-and-regulatory-resource-center/remote-online-notarization.

About NotaryCam

After pioneering the world's first multi-party/multi-state remote online notarization (RON), career real estate executive Rick Triola founded NotaryCam and completed the first mortgage remote online closing (ROC) in 2014. Today, NotaryCam is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states and more than 146 countries. The company's patented eClose360(R) platform delivers the "perfect" online mortgage closing in every jurisdiction and supports all eClosing scenarios - RON, IPEN or Hybrids - with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

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NotaryCam Founder and CEO Rick Triola today hailed the efforts of the American Land Title Association (ALTA), Mortgage Bankers Association (MBA) and National Association of Realtors (NAR) to provide guidance and standardization for states seeking to temporarily authorize the use of remote online notarization (RON) for real estate closings.

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

IDS Applauds Mortgage, Real Estate Industry Trade Groups for Their Development of Draft Model Remote Online Notarization Executive Order

SALT LAKE CITY, Utah /ScoopCloud/ -- IDS Vice President and General Manager Mark Mackey today commended the Mortgage Bankers Association (MBA), American Land Title Association (ALTA) and National Association of Realtors (NAR) for the groups' development of a draft model remote online notarization (RON) executive order to bring consistency to the various temporary measures non-RON-approved states have issued as a result of the COVID-19 pandemic.

"The challenges of conducting in-person real estate closings during the pandemic have certainly highlighted the need for a legal, remote option for document notarization, and while states have done their best to create temporary solutions to address this issue, the mortgage and real estate industries can still greatly benefit from better standardization across these temporary orders," Mackey said. "As the three groups representing the interests of the major players in the real estate transaction - mortgage lenders, title/settlement companies and real estate agents - these entities are uniquely suited to craft a model that addresses the specific challenges of implementing RON for real estate transactions, and on behalf of IDS, I would like to extend my sincere thanks to these groups for addressing this issue head-on."

As noted in a July 1 article in MBA NewsLink, the MBA's official electronic publication, "The model executive order, designed for use by state governors, proposes legal protection of remote notarizations to preserve the public's health and well-being in light of COVID-19. The order emphasizes use of electronic documents and virtual communications to satisfy the legal requirements of notarizations." The draft model also seeks to provide greater legal certainty for mortgage transactions conducted using remote ink notarization (RIN), which many states opted to approve in their respective temporary authorizations rather than RON.

"While RON is certainly the preferable of the two methods, it is easy to see, in light of the larger implementation hurdle RON presents, why states would opt for RIN in their initial round of temporary measures," Mackey added. "However, states should view RIN as just that - a temporary measure to help address immediate concerns - while also committing to the goal of putting the legislative mechanisms in place to make RON the long-term solution."

For more information on the draft model RON executive order, visit the MBA RON Resource Center at https://www.mba.org/audience/state-legislative-and-regulatory-resource-center/remote-online-notarization.

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/)

IDS Vice President and General Manager Mark Mackey today commended the Mortgage Bankers Association (MBA), American Land Title Association (ALTA) and National Association of Realtors (NAR) for the groups' development of a draft model remote online notarization (RON) executive order to bring consistency to the various temporary measures non-RON-approved states have issued as a result of the COVID-19 pandemic.

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

ARMCO Executive to Co-Host QC Webinar through MBA’s Education Department

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt will share her expertise on loan quality and risk management during an upcoming webinar sponsored by the Mortgage Bankers Association (MBA).

On Thursday, July 9, Sharon Reichhardt will present alongside Jennifer Whip, principal at Cambridge One, LLC, on the topic "Protecting Your Profitability Through Quality Control" from 2:00 to 3:00 p.m. ET. The webinar, which will include a moderated question and answer session featuring information valuable to c-level executive, compliance and QC officers, and operations managers. Discussion topics will include but are not limited to best practices in governing the QC process, impactful strategies to ensure loan investment quality and leveraging the power of data through effective reporting.

"With rates at a near all-time low and volumes remaining high, lenders are enjoying a sustained period of profitability - one which they would be wise to protect given the cyclical nature of the mortgage business," Reichhardt said. "Our goal with the webinar is to educate lenders on how a solid quality control process can help mitigate loan defect risk and improve investor confidence in loan quality, and we offer our sincerest thanks to the MBA for providing us the opportunity to share this valuable information with its membership."

To register for the webinar, visit https://www.mba.org/store/events/webinar/protecting-your-profitability-through-quality-control. The webinar is free to all MBA members. Non-MBA members can use the code "QC200" to receive a discount on registration.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. Three of the top five independent mortgage lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. 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, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt will share her expertise on loan quality and risk management during an upcoming webinar sponsored by the Mortgage Bankers Association (MBA)

Related link: https://www.armco.us/

Hank Metzger is Top Refinance Originator at American Financing Corporation

AURORA, Colo. /ScoopCloud/ -- Hank Metzger of American Financing Corporation is excited to announce that Scotsman Guide ranked him number four refinance originator in 2019.

Metzger, who's worked in the mortgage business for nearly 20 years, was ranked among entries from more than 6,000 mortgage professionals across the country. To be eligible for initial consideration in Scotsman Guide's Top Originators rankings, originators must have had at least $40 million in loan volume or 100 closed home loans for the 2019 calendar year.

After receiving submissions, Scotsman Guide required written verification of top entrants' volume data from a certified public accountant, the chief financial officer at the originator's company or a similar source.

Metzger's impressive roster of refinance loans closed tallied 914. He also ranked number 11 for U.S. refinance dollar volume at 250 million. Since being in the mortgage business, he's closed more than 1.5 billion in home loans and ranks number one loan originator in the state of Colorado.

"As a senior loan officer at American Financing, I thrive on helping clients find a loan program tailored to their specific needs while working with them throughout the process to ensure a quick, efficient and smooth experience," Metzger says. "I'm thrilled to be recognized for my accomplishments by the Scotsman Guide."

The 2019 Scotsman Guide list, which ranks the nation's top mortgage producers, appears in Scotsman Guide's April 2020 residential edition, and the rankings are available online at: https://www.scotsmanguide.com/rankings/top-originators.

For more information about Hank Metzger: https://www.linkedin.com/in/hank-metzger/

About American Financing Corporation

Founded in 2001, Colorado family-owned, American Financing Corporation is known for its dedicated mortgage consultants, custom loan programs and faster than industry average closings. It's Colorado's number one loan originator and its mission is to empower families with personalized mortgage solutions that achieve life goals.

For more information: https://www.americanfinancing.net/

Hank Metzger of American Financing Corporation is excited to announce that Scotsman Guide ranked him number four refinance originator in 2019.

Related link: https://www.linkedin.com/in/hank-metzger/

Top Housing Officials and Execs to Speak At #NEXTDC20

WASHINGTON, D.C. /ScoopCloud/ -- NEXT Mortgage Events, LLC (NEXT(tm)) and Housing Finance Strategies have announced an all-star lineup of Washington and housing industry luminaries that are confirmed to speak at #NEXTDC20, a virtual executive summit that will take place on November 10, 2020.

Hundreds of top lending executives are expected to attend the second annual event. Speakers include:
* Brian Brooks, Acting Comptroller of the Currency, OCC
* Terry Sullivan, Founder, Firehouse Strategies
* Bill Emerson, Vice Chairman, Quicken Loans and Rock Holdings, Inc.
* Lisa Rice, CEO of National Fair Housing Alliance
* Bob Broeksmit, President and CEO of Mortgage Bankers Association
* Lindsey Johnson, President, USMI
* Jay Bray, President, CEO and Chairman, Mr. Cooper
* Sanjiv Das, CEO, Caliber Home Loans
* Bernadette Kogler, CEO, RiskSpan
* Stan Middleman, CEO Freedom mortgage
* Diane Yentel, President and CEO of the National Low-Income Housing Coalition
* Brent Chandler, CEO and founder, FormFree

"It's easy to see why so many have already signed up to attend #NEXTDC20," said Faith Schwartz, president of Housing Finance Strategies and co-founder of the NEXTDC series. "With so much on the line this November, executives need experts to break down the election's implications to housing finance, regulations and the future of Fannie Mae and Freddie Mac. We're looking forward to some lively and informative discussions."

The #NEXTDC series is a joint production of NEXT Mortgage Events and Housing Finance Strategies.

Registration is open at no cost to housing industry professionals at https://nextmortgagenews.com/nextdc20.

About NEXT Mortgage Events LLC

In January 2018, NEXT Mortgage Events broke the mortgage industry's unspoken barriers that have limited women's access to competitive intel, when it introduced NEXT, the women's executive mortgage summit. NEXT is an exclusive boutique symposium that takes place over two days. The tech-centric content focuses on competitive intel from and for senior lending executives. Roughly 85-90% of NEXT's lender attendees hold a title of VP or higher and approximately 85% of attendees are women. NEXT's flagship events, the #NEXTWINTER and #NEXTSUMMER series are held twice a year, in winter and summer. NEXT also hosts the #NEXTDC series in partnership with Housing Finance Strategies. For more information visit NEXTMortgageNews.com, follow @NEXTmtgEvents or email info@NEXTmortgageEvents.com.

About Housing Finance Strategies

Housing Finance Strategies is a small woman-owned business founded in 2016 to provide Strategic Advisory Services, Government and Industry Relations, Public Policy Expertise, Roundtable and Event Management and Professional Speaking Services. The firm brings 25+ years of expertise to the forefront of mortgage, including leading fintech change, advising on GSE reform and ensuring non-bank readiness for regulatory oversight. For more information, visit HousingFinanceStrategies.com, follow @HousingFinanceStrategies or email admin@housingfinancestrategies.com.

NEXT Mortgage Events, LLC (NEXT) and Housing Finance Strategies have announced an all-star lineup of Washington and housing industry luminaries that are confirmed to speak at #NEXTDC20, a virtual executive summit that will take place on November 10, 2020.

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

IDmission Completes ISO Compliance Testing for Proprietary Biometric Technologies and Presentation Attack Detection

BOULDER, Colo. /ScoopCloud/ -- BOULDER, Colo., June 30, 2020 (SEND2PRESS NEWSWIRE) -- IDmission, LLC, a global leader in biometric and AI technology that reduces risk associated with false identities today announced that it has met the International Organization for Standardization (ISO) requirements for ISO/IEC 30107-3. The Presentation Attack Detection (PAD) testing showed that IDmission's proprietary passive liveness detection technology was found to be 100% compliant and in iBeta testing the error rate was found to be 0%. By utilizing anti-spoofing techniques, IDmission software offers financial-based institutions an extremely reliable solution for fraud detection and consumer identity verification.

With the ISO qualification, IDmission is one of only three global biometric companies that can ensure the security, compatibility and interoperability at such a level.

"As communication through technology continues to evolve, there is a growing urgency for reliable biometric data verification among financial institutions, insurance providers, healthcare providers, lenders, and other companies delivering online transactions to consumers. Biometric technology has become increasingly critical as a means for verifying consumer identities," said IDmission CEO Ashim Banerjee. "We have worked very hard to engineer a reliable solution that includes anti-spoofing techniques for institutions to use in identity verification processes."

iBeta Quality Assurance was the independent testing lab, which is the only biometrics testing lab accredited by the National Institute of Standards and Technology (NIST) for ISO 30107-3. It issues third-party testing to other biometric companies in order to ensure product quality, functionality, and accuracy. In order to comply with ISO standards, biometric companies must undergo extensive testing issued by iBeta and achieve the required score.

IDmission is software that eliminates risk associated with false identities. For validating identities to prevent liability and fraud, IDmission combines standards compliant security with passive liveness detection. Invisible by design, it applies biometric science to create security that does not get in the way of doing business.

Used in finance, ecommerce, the sharing economy, and regulated industries, IDmission establishes true identity without compromising the user experience. Delivered as a mobile and cloud solution, or as technology components for advanced developers, IDmission creates powerful security for customers and communities in a fraud filled world.

About IDmission

IDmission, a global leader in biometric and AI technology, reduces risk associated with false identities. It is one of only two U.S. based biotech providers, and the sole provider of a proprietary, end-to-end biotech solution for identity theft, through a comprehensive "Know Your Customer" (KYC) platform and automatic ID document analysis across 200 countries and four categories of biometrics: face, fingerprint, iris, and voice.

For more information, visit https://www.idmission.com/homepage-en/.

*LOGO link: https://www.Send2Press.com/300dpi/20-0630s2p-idmission-logo-300dpi.jpg

IDmission, LLC, a global leader in biometric and AI technology that reduces risk associated with false identities today announced that it has met the International Organization for Standardization (ISO) requirements for ISO/IEC 30107-3.

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

SimpleNexus and Optimal Blue enhance integration to deliver fully integrated mobile rate-locking solution

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced significant enhancements to its integration with Optimal Blue, the leading provider of secondary marketing solutions and data services in the mortgage industry. The combined solution is the industry's first to enable loan originators to lock loan pricing from a mobile device.

Now, mutual customers of SimpleNexus and Optimal Blue can run pricing scenarios and request rate locks directly from the SimpleNexus mobile or web application. Two-way data integration between SimpleNexus, Optimal Blue and the lender's loan origination system streamlines the lock request process to minimize manual data entry, advancing loan originators straight to the results page whenever possible.

"Loan pricing can change throughout the day with little advance warning, especially in today's turbulent market," said SimpleNexus COO Ben Miller. "The ability to rapidly lock a loan from a mobile device puts loan originators at a tremendous advantage, enabling them to more effectively manage high volume and close more deals."

Optimal Blue has seen record-setting system volume every month since February 2020, with clients using its enterprise product eligibility and pricing engine to lock well over $1 trillion in mortgage volume in the last 12 months alone.

"To handle today's unprecedented level of activity, lenders need to leverage integrations that create efficiencies and make rate locking processes more scalable and effective" explained Optimal Blue Vice President of Marketing and Strategic Alliances Bob Brandt. "Optimal Blue's integration with SimpleNexus puts accurate mortgage rates at the fingertips of borrowers and loan officers - no matter what device they're using."

For more information, visit https://simplenexus.com/sn/partners/optimal-blue/.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

About Optimal Blue:

Optimal Blue's Marketplace Platform connects the industry's largest network of originators, investors, and providers. More than $1 Trillion of transactions are processed across the platform each year, facilitating a broad set of secondary market interactions like pricing, locking, hedging, and trading of mortgage loans. For more information, please visit https://www2.optimalblue.com/.

Twitter: @SimpleNexus @OptimalBlue #digitalmortgage #mortgagevolume #ratelocking #mobilefirst #integrations

*LOGO link for media: https://www.Send2Press.com/300dpi/19-0724s2p-simplenexus-300dpi.jpg

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced significant enhancements to its integration with Optimal Blue, the leading provider of secondary marketing solutions and data services in the mortgage industry.

Related link: https://simplenexus.com/

RMA Presents Long-term Strategic Finance Action Plan for North Miami Beach

NORTH MIAMI BEACH, Fla. /ScoopCloud/ -- RMA (www.RMA.us.com) presented their combined 5-Year Strategic Finance Plan and Action Plan for the City of North Miami Beach to the CRA Board on Thursday, June 25. The award-winning consulting firm developed a clear and concise roadmap to prioritize and guide redevelopment in the CRA area. This plan was unanimously approved by the Board.

RMA's presentation detailed long-term development projects within the CRA District and highlighted targeted redevelopment zones for investment, making it easier to allocate resources and implement distinctive branding and marketing campaigns.

A video of the meeting can be viewed at http://www.citynmb.com.

"RMA has done a tremendous job in developing this Actionable Finance Plan," said Esmond Scott, City Manager who also serves as the CRA Executive Director. "Their team focused on the best strategies for revitalizing underutilized areas and tapping into each district's unique potential. Beyond a list of goals, this plan provides a strategic path to success.

Key recommendations in the Plan include:
1. Transformation of the Snake Creek Canal area, capitalizing on its potential to become a regional waterfront amenity.
2. Create a lively urban "main street" along Hanford Blvd/164, which could feature ground floor restaurants, bars, cafes, offices and artists' studios.
3. Expand the current mural program, and more aggressively identify locations for murals and public art to enhance cultural community pride and diversity.
4. Encourage the City to continue assisting local businesses and take advantage of the mom & pop business cluster north of the canal while adopting incentive programs specific to further the redevelopment of this area.
5. Create a bold and beautiful Civic Commons atmosphere with a grand Boulevard or promenade in the area which currently predominantly features governmental institutions, a theater, offices and schools.
6. Attract private investment to transform underutilized parcels and industrial space into a future industrial arts area with maker's spaces and repurposed co-working spaces.
7. Develop a complete streets initiative along 163rd Corridor to create an area that invites residents to stroll the neighborhood.

"These are just a few of the recommendations featured in the plan that RMA presented to the Board," said Sharon McCormick, RMA's Director of Business Attraction & Marketing. "We are honored to be part of the City's team in revitalizing this dynamic community, and we look forward to implementing the next steps."

RMA has partnered with the City on multiple initiatives over the course of the last several years including economic development and incentive strategies, planning & zoning, and marketing & branding. One of RMA's most remarkable achievements for North Miami Beach was the Land Use and Zoning Amendments, which led to the City's tax base increasing by 17% in one year city-wide and by 46% in the CRA District. RMA also developed the recent North Miami Beach Recovery and Resilience Plan, which focused on the best strategies for moving forward economically from the COVID-19 crisis.

About RMA:

Founded in 2009 by Kim Briesemeister and Chris Brown, RMA is comprised of a phenomenal team of leading experts in economic development, real estate for governments, marketing, urban design and financial analysis. RMA, headquartered in Pompano Beach, Florida is a highly experienced, full-service economic redevelopment consulting and management firm, specializing in revitalizing core areas and corridors for cities, counties and special districts nationwide. The co-founders are also the authors of one of the definitive books about city redevelopment, "Reinventing Your City: 8 Steps to Turn Your City Around."

Media Contact:
Kay Renz, for RMA
Kay@KRPRmediagroup.com
561-654-8151

RMA presented their combined 5-Year Strategic Finance Plan and Action Plan for the City of North Miami Beach to the CRA Board on Thursday, June 25. The award-winning consulting firm developed a clear and concise roadmap to prioritize and guide redevelopment in the CRA area. This plan was unanimously approved by the Board.

Related link: http://www.rma.us.com/

IDS Expands Settlement Agent Roles in Solitude Solution

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has updated and expanded several features within its eClose platform Solitude Solution to streamline the closing ceremony and better support the settlement agent's role in the closing process.

Settlement agents now have the ability to view the signing progress alongside borrowers in the eSign Room, making it easier for agents to answer questions that may arise during the closing ceremony. Additionally, settlement agents have access to view all documents in the closing package, rather than just those assigned to the agent as a task.

"By granting more access to settlement agents, we have enabled our clients to more efficiently manage borrower inquiries and keep their process moving," said IDS Vice President and General Manager Mark Mackey. "This change also helps our clients build borrower trust by equipping agents with the knowledge to support each closing package."

To further enhance the efficiency of the process, agents can print wet-signed documents prior to the note date in preparation for the closing ceremony, saving time at the table. Agents also have the capability to create eSign, wet sign or acknowledgement documents and upload them during the preview phase. This functionality simplifies the closing process for the borrower by allowing settlement agents to add their proprietary documents into the final closing package for signing in advance, for their review.

"These updates have been made in IDS' ongoing effort to offer our clients and their borrowers the best possible experience," said Mackey. "Digital closings are constantly evolving, as is Solitude Solution. The role updates will allow settlement agents to more easily complete tasks and lend to a smoother closing process."

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/)

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has updated and expanded several features within its eClose platform Solitude Solution to streamline the closing ceremony and better support the settlement agent's role in the closing process.

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

Expert DOJO Invests $1.2 Million in Diverse Startups this June

SANTA MONICA, Calif. /ScoopCloud/ -- On June 3, 2020, Expert DOJO has announced that its current accelerator cohort has invested in 12 companies. Of 12 investments made, 9 are minority-led businesses, and of the same 12 investments, 4 have female founders.

Find out more about them in this blog post - https://expertdojo.com/weve-got-le-creme-de-la-creme-2020-startup-companies/.

Brian Mac Mahon, Expert DOJO's CEO said, "This is not just a question of fairness, it's a question of common sense. America is a diverse and creatively brilliant country and that is what makes it great."

Mac Mahon encourages all other Angels, Accelerators, Venture Capitalists and influencers in the startup world to make their scorecards public and welcome a new world of opportunity. "This is their chance to invest in a way that will make their children proud."

9 out of the 12 companies are waiting for other investors to follow in Expert Dojo's footsteps and help them raise their seed round of investment. "We really hope America will follow our movement," Mac Mahon said.

About Expert DOJO:

Expert DOJO is the fastest growing start-up community in Southern California based in Santa Monica. It helps early-stage startups through investment, foundation, showcasing, and influence.

Since 2014, It has worked with over 500 startups to accelerate their growth and success. Entrepreneurs love Expert DOJO and the power of our startup community. All entrepreneurs in its programs have agreed to support the whole community as they get stronger together.

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

For additional information, please contact us at info@expertdojo.com

Expert DOJO social media accounts:
LinkedIn - https://www.linkedin.com/company/expert-dojo/
Instagram - https://www.instagram.com/expertdojo/
Facebook - https://www.facebook.com/ExpertDOJO/
Twitter - https://twitter.com/Expert_Dojo
YouTube - https://www.youtube.com/user/ExpertDOJO
TikTok - https://www.tiktok.com/@expertdojo.com?lang=en

Brian's LinkedIn - https://www.linkedin.com/in/brianmacmahon2/

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0624s2p-brian-mac-mahon-300dpi.jpg
*Photo caption: Brian Mac Mahon, Expert DOJO's CEO.

On June 3, 2020, Expert DOJO has announced that its current accelerator cohort has invested in 12 companies. Of 12 investments made, 9 are minority-led businesses, and of the same 12 investments, 4 have female founders.

Related link: https://expertdojo.com/

ReverseVision President Joe Langner Lauded as Mortgage Technology Thought Leader by PROGRESS in Lending Association

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced that company President Joe Langner has been honored as a mortgage technology Thought Leader by PROGRESS in Lending Association. In its inaugural year, the awards program honors mortgage technology executives who "are not afraid to step forward and blaze a new trail."

Langner joined ReverseVision as president in March 2020 to help establish HECM and private reverse mortgages as staple programs in mainstream lending portfolios. Since joining the company, Langner has guided its technology coexistence strategy enabling traditional lenders to evaluate and originate HECM and private reverse mortgages alongside their "forward" mortgage counterparts.

"Adopting an API-enabled strategy is critical to positioning ReverseVision for long-term technological relevance as the digital mortgage space enters a period of accelerated growth," said ReverseVision CEO John Button. "By making it possible for loan originators to easily incorporate senior lending products into their origination workflow, Langner is empowering borrowers with choice and a rewarding return on their investment in reverse lending."

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage program sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A five-time HousingWire TECH100(TM) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements.

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

ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced that company President Joe Langner has been honored as a mortgage technology Thought Leader by PROGRESS in Lending Association.

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

The Jacobsen Announces Release of Sage, a New Augmented Intelligence Platform

BOULDER, Colo. /ScoopCloud/ -- The Jacobsen has announced the release of their new augmented intelligence platform for commodity price forecasting, named Sage. "We are the first price reporting agency to release a forecasting product built on machine learning and augmented intelligence in our niche," states John Donicht, President of The Jacobsen.

The Sage platform does the heavy data analysis, comparisons, and algorithm adjustments to improve the price forecasting on a continual basis. Every report generated by Sage is reviewed by a senior team of analysts to interpret the data and ensure the patterns make sense.

Over the last two years, The Jacobsen invested heavily in refining their forecasting ability, in some cases, the forecasting has a margin of error of less than 1% of the actual price.

"It's rather amazing to see how close the machine algorithms hit the mark," said George Morris, Dir of Sales and Marketing, "while past success does not predict future results, it's still far better than purely human-based forecasting methods of the past."

To add fuel to their efforts to be the leader in commodity price forecasting, The Jacobsen also announced the hiring of Hamed Khoojinian, to Head up Machine Learning and the future development of Sage. Hamed has over ten years of experience in R&D, biophysics, nanotechnology, including machine learning. The new position will ensure Sage has a bright future at The Jacobsen.

"Price forecasting is just the start of where Sage can be applied," Khoojinian said, "any business process utilizing data is subject to improvement with the addition of Sage."

For more information about Sage, please visit The Jacobsen website at https://thejacobsen.com/sage

Media Contact:
George Morris
The Jacobsen
george@thejacobsen.com
303-775-4213

The Jacobsen has announced the release of their new augmented intelligence platform for commodity price forecasting, named Sage. "We are the first price reporting agency to release a forecasting product built on machine learning and augmented intelligence in our niche," states John Donicht, President of The Jacobsen.

Related link: https://thejacobsen.com/

ReverseVision Taps Carissa Orozco as Director of Business Development, Strategic Partners

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced the appointment of Carissa Orozco as director of business development, strategic partners. Orozco will spearhead strategic integration partnerships that allow traditional mortgage lenders to integrate HECM and private reverse mortgages into the loan qualifying, sales and origination process with ease.

Orozco brings 17 years' mortgage industry experience to ReverseVision, having acted in senior leadership positions at leading reverse mortgage lenders. Most recently, Orozco served as vice president of reverse sales at United Northern Mortgage Bankers, where she led the integration of reverse programs into forward sales and operational processes. Orozco also has held the position of director of learning and organizational development at Synergy One Lending and Retirement Funding Solutions, where she oversaw training initiatives for the companies' wholesale clients, retail loan originators and internal operational departments.

Previously, Orozco served as national senior sales trainer at nationally top-ranked reverse mortgage lender American Advisors Group, where she trained hundreds of field and call center representatives on HECM lending guidelines, effective sales practices and origination technology.

"More than ever, reverse mortgage demographic homeowners need to access their home equity, whether to shield themselves against sequence risk or access money to manage pandemic-induced economic disruption," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "Carissa will play a key role working with technology partners so that reverse mortgages are seen at the beginning of the lending process. Her passion for reverse programs and experience integrating reverse lending programs into lenders' forward sales and underwriting workflows uniquely positions her for success."

"I've long been an advocate of integrating reverse lending into forward lending sales and operations," said Orozco. "Borrowers should be presented with all of the lending solutions they qualify for - forward and reverse. Establishing ReverseVision APIs in lenders' tech stacks will empower borrowers to make fully-informed financial decisions and help lenders create customers for life."

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage program sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A five-time HousingWire TECH100(TM) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements.

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

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0618s2p-Carissa-Orozco-300dpi.jpg

ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced the appointment of Carissa Orozco as director of business development, strategic partners.

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

2019 ARMCO QC Trends Report Indicates Overall Marked Improvement in Critical Defect Rate over 2018

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Audit Technology(TM) covers both the fourth quarter (Q4) and the 2019 calendar year (CY).

"Reduced interest rate volatility and declining interest rates over the course of the year created an environment in which lenders rode a sustained wave of refinances, increased their overall loan production and improved their profitability - all of which contributed to the improvements in loan quality in 2019," said ARMCO Executive Vice President Nick Volpe. "With the rate environment expected to remain unchanged throughout 2020, the loan quality levels observed in 2019 seem sustainable. However, this forecast does not and cannot account for the anomalies triggered by the COVID-19 pandemic. Therefore, lenders will need to keep a sharp eye out for negative spikes in their loan data as 2020 continues."

The report's noteworthy findings include:

* On a quarter-over-quarter basis, critical defect rates improved in the first three quarters of 2019 before reversing the decline and climbing in Q4 2019.
* Q4 2019 ended with a defect rate of 1.73%, an increase of 11% from Q3 2019.
* The share of conventional loans increased from 56.40% in CY 2018 to 61.99%, representing a nearly 6% increase.
* Purchase share fell 7.5% in CY 2019 as compared to CY 2018.
* Regulatory compliance issues were down 51% year-over-year, to a multi-year low of 5.17% of all critical defects.
* Loan Package/Documentation defects were volatile in CY 2019 but did post a 12% improvement compared with CY 2018.
* Income, Assets, and Credit (key qualification/underwriting criteria) related defects made up 53% of all critical defects in CY 2019, with Income and Credit increasing from the prior year, and Asset defects decreasing.
* Market stability contributed to an overall better 2019 for lending quality. However, these improvements will be severely tested as data comes in for the coming quarters as we start to see COVID's impact on mortgage lending.

The Q4/CY 2019 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"While 2019's critical defect rates represent a clear improvement over 2018 and suggest a continuation of that trend moving into 2020, the increase in forbearance requests, high unemployment rates and the potential for early payment defaults to spike later in the year will certainly put this prediction to the test," said ARMCO CEO Trevor Gauthier. "Recognizing the potential need for lenders to ramp up their EPD audit volume, ARMCO launched ACESXPRESS for Early Payment Defaults to better prepare our clients for this possibility and ensure they had a turnkey platform to help them maintain audit requirements and keep a vigilant eye on this potential source of risk."

Volpe will analyze the findings from the Q4/CY 2019 ARMCO Mortgage QC Industry Trends Report and offer insights into what lenders can expect in future quarters during a webinar titled, "Insights into Mortgage QC Trends - Past Highlights and Predictions for 2020," as part of its on-going QC NOW Web Series. To access the webinar recording, visit https://www.armco.us/learn/webinars/qc-now.

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 50 lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. 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, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Audit Technology covers both the fourth quarter (Q4) and the 2019 calendar year (CY).

Related link: https://www.armco.us/

Top of Mind places among the world’s top creators of video content in 41st Annual Telly Awards competition

ATLANTA, Ga. /ScoopCloud/ -- Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, took home four trophies in this year's 41st Annual Telly Awards.

The Telly Awards honors excellence in video and television across all screens and is judged by an industry body of over 200 leading experts from video platforms, television, streaming networks and production companies including Dow Jones, Duplass Brothers Productions, Complex Networks, A&E Networks, Hearst Media, ESPN Films, RYOT, Vice+ and Vimeo.

"With a number of high-caliber entries submitted, this year's Telly Awards entrants truly represented the most innovative stories being told across all screens," said Telly Awards Managing Director Sabrina Dridje. "As a Telly Winner, you are the standard bearer of excellence in our industry."

"The theme for this year's competition - 'Telly Award Winners Tell Great Stories' - really spoke to us. For nearly two decades, Top of Mind has relied on creative storytelling to help mortgage lenders build human connections that translate to business wins," said Top of Mind Chief Creative Officer Sherwood Lawrence. "The Telly Awards are always a who's who of innovative content creators, and we are proud to be recognized among them this year."

Established in 1979, The Telly Awards receives over 12,000 entries annually from all 50 states and 5 continents. Entrants have included Adult Swim, the BBC, Condé Nast, Complex Networks, Netflix, Refinery29, RadicalMedia, T Brand Studio and Ogilvy & Mather.

Top of Mind earned a Silver Telly for "Journey to Your New Home," an educational web animation that walks borrowers through the lending process. "Tales of Great Interest," a humorous web animation that helps consumers contextualize interest rates and make better-informed decisions, took home a Bronze Telly. Top of Mind also won bronze in two categories for "Around the Neighborhood," a dynamic web animation educating borrowers on factors that could impact the value of a home, such as nearby home sales, school zones and typical commute times.

Though Top of Mind did not clinch the gold this year, it was in good company with its silver and bronze trophies. Fellow second- and third-place finishers in the 2020 Telly Awards included such household names as Fitbit, Amazon Prime Video, Bank of America and NBC Sports.

The full list of the 41st Annual Telly Awards winners can be found at www.tellyawards.com/winners. To learn more about SurefireCRM Creative content, please visit https://www.topofmind.com/creativecontent.

About Top of Mind Networks:

Founded in 2003, Atlanta-based Top of Mind Networks (https://www.topofmind.com) started as a bootstrapped direct-mail marketing company. Today, the company is recognized as the mortgage industry's most-relied-upon provider of marketing automation and creative content solutions. From individuals to enterprise lenders, Top of Mind's SurefireCRM helps thousands of mortgage professionals win new business, earn repeat business and deserve referral business. With intuitive, "set it and forget it" workflows and award-winning content, mortgage professionals are able to effortlessly maintain and deepen their emotional connections with clients.

About The Telly Awards:

The Telly Awards is the premier award honoring video and television across all screens. Established in 1979, The Telly Awards receives over 12,000 entries from all 50 states and 5 continents. Entrants are judged by The Telly Awards Judging Council-an industry body of over 200 leading experts including advertising agencies, production companies, and major television networks, reflective of the multiscreen industry The Telly Awards celebrates. Partners of The Telly Awards include Catalyst, LAPPG, NAB, Stash, Storyhunter, NYWIFT, Production Hub, IFP, Social Media Week and VidCon.

@TellyAwards @mortgagecrm #creativematters

Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, took home four trophies in this year's 41st Annual Telly Awards.

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

IDS Inks Exclusive Partnership Agreement with Mortgage Builder

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has expanded its partnership to become the exclusive integrated document preparation vendor of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software. The newly rebuilt integration now fully incorporates the IDS eSignature platform and custom form generation capability.

The partnership includes the migration of Mortgage Builder's client base to idsDoc, IDS' flagship document preparation platform, which is recognized for unequalled customization and superior customer service. In addition, the integration supports new data points to meet more recent demands and upcoming needs, including TRID documents, eClosing process fields and impending URLA updates.

"There has been a concerted effort to modernize the aesthetics and functionality of the Mortgage Builder platform under the new leadership direction of Mortgage Builder's parent company Constellation Mortgage Solutions," said IDS Vice President and General Manager Mark Mackey. "IDS is honored to be one of a handful of vendors Mortgage Builder has chosen to help transform its award-winning platform into one built for the digital mortgage era, and we are eager to expand our partnership with Mortgage Builder to deliver an enhanced digital lending experience to our mutual clients."

Featuring enhanced system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard, the integration utilizes idsDoc for all document preparation within Mortgage Builder. In addition, specified data input enables Mortgage Builder to remain the single system of record, while still allowing the completion of custom and state fields. Through this interface, users are able to review the IDS compliance audit report to see what needs to be updated in Mortgage Builder and to draw from IDS's wide library of official, custom and state-specific documents.

"Mortgage Builder is pleased to strengthen our existing relationship with IDS," said Stephen Ryczek, President and General Manager of Mortgage Builder. "Our commitment to exceptional customer service and dedication to the highest level of compliance available in the loan origination software space are the perfect fit for this exclusive relationship moving forward. IDS's proven track record makes them the ideal technology partner, and we are eager to bring this new and improved capability set to our already robust loan origination and servicing platform."

About Mortgage Builder

Mortgage Builder provides enterprise mortgage software solutions for today's lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders - from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today's mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at www.mortgagebuilder.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/)

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has expanded its partnership to become the exclusive integrated document preparation vendor of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software.

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

Black-Owned Private Equity Firm Offers Zero-Percent Interest Loans to Businesses of Color Impacted by COVID-19, Civil Unrest

GREENSBORO, N.C. /ScoopCloud/ -- Today, North Carolina-based, black-owned private equity firm, Building Wealth & Communities (BWC) Capital, announced the launch of the BWC+invest Zero-Percent Interest Loan Program. Developed for small, emerging businesses of color across the country, the program will provide a minimum of $10,000 for businesses disproportionally impacted by temporary and permanent closures due to the economic downturn caused by the COVID-19 pandemic and civil unrest surrounding recent police brutality and racial bias cases.

Established in partnership with the Racial Equity Institute (REI), a Greensboro, NC-based alliance of racial equity trainers, organizers and institutional leaders, the program grants qualified borrowers three-years to repay the loan with an up to 50% loan forgiveness option.

"The Racial Equity Institute believes that we must begin taking stock of the glacial nature of racial disparities and economic inequity. Current approaches have been a bit anemic in response to the magnitude of issues at hand," said Deena Hayes-Greene, REI's co-founder and managing director. "The murder of George Floyd and the COVID-19 pandemic have presented us with indisputable evidence that the African American community suffers the greatest disproportionality of any group in this state, in this country."

Hayes-Greene adds, "While we will join the masses of people demanding systemic change, we will also join BWC in empowering ourselves and our community by putting our money where our mouth is. We encourage other organizations dedicated to building resilient communities of color to support our efforts to highlight the concerns for a broader approach to closing persistent racial gaps in our community."

BWC's goal is to deploy $10 million in loans over a five-year period to businesses of color. The firm has already committed $100,000 over five years towards the initiative and seeks to encourage single and multi-year investments from institutional investors, philanthropists, and the community-at-large.

"Since inception in 2005, BWC has helped to build financial strategies to ensure infrastructure improvements on black college campuses and access to capital for major projects and businesses in underserved communities of color to the tune of over $1 billion in transactions," said Bridget Chisholm, BWC's founder and managing partner. "We are proud of our accomplishments and economic impacts such as jobs created and Minority Business Enterprise (MBE) spending, but we know there is more to do. We refuse to stand by while communities of color collapse under the weight of business inoperability and racial inequities. The time is now, and we heed the call to act on behalf of black community growth and sustainability."

Qualifying businesses of color must have at least one year of operation, two or more full-time equivalent (FTE) employees and an established track record for producing enough cash flow (or a plan to re-establish it) to support loan repayment within a three-year period or to meet the requirements of the up to 50% loan forgiveness guidelines. Each application will be reviewed by a select community development committee within 72 hours of application submission. Loan approvals or disapprovals will be communicated to the applicant no later than seven business days after submissions.

"We believe our communities are in a state of emergency. Therefore, it is in the best interest of our program to work quickly to provide the capital needed to help businesses of color succeed," said Chisholm.

Application submission will open on July 1, 2020.

To donate or apply for the BWC+invest Zero-Percent Interest Loan Program, visit https://bwccapital.com/bwcinvest/.

About BWC Capital

BWC Capital, LLC is a private equity firm headquartered in North Carolina. In operation since 2013, BWC Capital was formed to address opportunities outside the scope of BWC Consulting, a boutique strategy and financial advisory consulting firm in existence since 2005, and in response to the insatiable demand and widening the gap for access to capital by emerging-and-growth-oriented businesses. To learn more about BWC Capital, visit https://bwccapital.com/.

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Today, North Carolina-based, black-owned private equity firm, Building Wealth & Communities (BWC) Capital, announced the launch of the BWC+invest Zero-Percent Interest Loan Program. Developed for small, emerging businesses of color across the country.

Related link: http://www.bwccapital.com