Category: Finance

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.

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.

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.

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

MACON, Ga. /ScoopCloud/ — 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.

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

NEWPORT BEACH, Calif. /ScoopCloud/ — 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.

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.

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)

Top Housing Officials and Execs to Speak At #NEXTDC20

WASHINGTON, D.C. /ScoopCloud/ — 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.

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

NORTH MIAMI BEACH, Fla. /ScoopCloud/ — 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.

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.

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.

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.

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 covers both the fourth quarter (Q4) and the 2019 calendar year (CY).

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.

Vice Capital Markets Sets Internal Record for Monthly Trade Volume

NOVI, Mich. /ScoopCloud/ — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today that the company has more than doubled its monthly trade volume over a 90-day period, setting several internal records. Trade volume totals reached during this period include $11.5 billion in March, $13.4 billion in April and $12.4 billion in May.

Mortgage Insurance Ordering Made Seamless as OpenClose® Integrates Its LenderAssist™ LOS with Radian

WEST PALM BEACH, Fla. /ScoopCloud/ — OpenClose(R), an industry-leading digital mortgage fintech provider, announced it completed an interface with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN). The integration leverages OpenClose’s omni-channel loan origination system (LOS) and RESTful API suite, allowing Radian customers to order MI without exiting the LenderAssist(TM) LOS.