Tag Archives: Digital Mortgage

Blue Sage Solutions and The Mortgage Collaborative Partner to Bring Interim Servicing to their Members

ENGLEWOOD CLIFFS, N.J. /ScoopCloud/ -- The Mortgage Collaborative, the nation's largest independent mortgage cooperative, announced the addition of Blue Sage Solutions, an industry leader in innovative cloud-based technology providers, to bring interim servicing to the mortgage industry. The partnership makes the Blue Sage Digital Servicing Platform (DSP), a cloud-based system that provides all necessary functions to perform interim servicing, available to TMC members at preferred rates.

"We admire Blue Sage's digital mortgage leadership and are delighted to partner with them," said David Kittle, CEO of The Mortgage Collaborative. "At a time when mortgage organizations are striving to lower costs, Blue Sage's LOS-agnostic, cloud-built servicing platform streamlines loan onboarding while bridging the divide between origination and servicing functions. I'm thrilled to welcome them to The Mortgage Collaborative."

The Blue Sage Digital Servicing Platform revolutionizes mortgage operations through open API technology that seamlessly merges loan origination and servicing functions and is compliant at the federal, state and agency levels. Leveraging the same trusted technology and architecture as all Blue Sage offerings, the platform offers a modern, user-friendly interface that is accessible via any browser, enabling an optimized borrower and lender experience.

All lenders, regardless of their current loan origination system (LOS), can use the Digital Servicing Platform to effortlessly automate the onboarding of loans, process individual and batch payments, collect payments and seamless offboard loans via servicing transfers, enabling lender-servicers to reduce costs and improve borrower retention rates. In addition, a full servicing version of the platform is expected soon.

"Being huge fans of The Mortgage Collaborative, we couldn't be happier to be chosen as an interim servicing preferred partner," said Carmine Cacciavillani, founder and chairman of Blue Sage Solutions. "Our partnership validates our ongoing commitment to transforming the entire mortgage lifecycle for all mortgage stakeholders, including lenders, servicers and especially borrowers. We look forward to enabling members of The Mortgage Collaborative who are looking to improve servicing efficiency and enhance the experience of every borrower they serve."

The Mortgage Collaborative network is more than 210 lenders strong, with an aggregate annual origination volume of over $350 billion. The lender network is supported by a preferred partner network of organizations that specialize within each facet of the mortgage life cycle. The association is rewriting the playbook on the cooperative model, and their network caters to lenders of all sizes, with a strong mix of independent mortgage brokers and community banks and depositories.

For more information about the Blue Sage Digital Servicing Platform, visit bluesageusa.com/product/digital-servicing-platform.

About Blue Sage Solutions:

Blue Sage is a leading provider of innovative, cloud-based digital technology for the mortgage industry. The company's Digital Lending Platform provides end-to-end functionality for the entire lending and fulfillment process, regardless of channel, while delivering a superior experience for every borrower. The Blue Sage Digital Servicing Platform enables financial institutions to modernize their servicing operations, reduce costs and ultimately attract and retain more borrowers. All Blue Sage technologies are 100 percent browser-based, equipped with mobile applications, and delivered through a secure, fully-managed cloud service. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more information, visit https://bluesageusa.com/.

About The Mortgage Collaborative:

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

The Mortgage Collaborative, the nation's largest independent mortgage cooperative, announced the addition of Blue Sage Solutions, an industry leader in innovative cloud-based technology providers, to bring interim servicing to the mortgage industry. The partnership makes the Blue Sage Digital Servicing Platform (DSP), a cloud-based system that provides all necessary functions to perform interim servicing, available to TMC members at preferred rates.

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

FormFree appoints Solvent CEO DIVINE as head of culture

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced the appointment of former hip-hop/rap recording artist-turned-techpreneur Victor D. Lombard, professionally known as DIVINE, as head of culture.

DIVINE is the CEO and founder of Solvent, a fintech focused on financial empowerment for marginalized groups. Solvent broke ground in 2022 when it was accepted as part of the inaugural cohort of Amazon's AWS Impact Accelerator for Black Founders, an eight-week program designed to help high-potential, pre-seed startups led by under-represented founders.

Additionally in 2022, Solvent was accepted into Village Capital's Innovations in Justice Tech, a fellowship program in collaboration with AmFam Institute and Dream.org that supports entrepreneurs building innovations to improve the lives of individuals and communities impacted by the justice system.

DIVINE grew up in Fort Greene, Brooklyn, and endured childhood poverty and incarceration at age 19. Realizing his potential was boundless but his options were limited, following his release DIVINE took a leap of faith and asked Ben Horowitz, general partner and co-founder of venture capital firm Andreessen Horowitz, to mentor him. Horowitz, who grew up a hip-hop/rap fan in Berkeley, California, agreed. The mentorship proved a turning point for DIVINE, and his transformation from system-impacted youth to tech-founder has been featured in Forbes, TechCrunch, Black Enterprise, Entrepreneur and Inc.

"We are extremely pleased that DIVINE has joined us and feel he is uniquely qualified to convey our message of financial parity for unserved and underserved communities," said FormFree CEO and founder Brent Chandler. "DIVINE will be on the front lines of FormFree's engagement of unserved and underserved communities he connects with in ways that are authentic and impactful."

DIVINE joined Chandler and Kevin Harrington of ABC's Shark Tank fame at the Mortgage Bankers Association's 2023 Convention & Expo in support of FormFree's launch of Passport and the FormFree Exchange (FFX). Following a discussion of the opportunities lenders have to meet a diverse array of homebuyers with a consumer-centric experience, DIVINE closed out the session with a performance of his song H.O.P.E. (Helping Oppressed People Elevate).

As head of culture at FormFree, DIVINE will use his new platform and hip-hop/rap talent to reach out to unserved and underserved urban renters with messages of financial empowerment and hope. Further, DIVINE will work closely with Harrington in a collaborative partnership with FormFree to bring awareness and empowerment to this audience.

"Hip-hop/rap culture and music in particular is a universal and global language," said DIVINE. "What better way than using it to help build awareness of the benefits of homeownership and provide a technology bridge so people will be able to take control of their financial futures."

"Technologies like Passport and the FormFree Exchange can change everything for minority homebuyers, getting rid of the disregard on one side and distrust on the other. It takes all the judgment away. Borrowers can raise their profile with lenders, and lenders know they're creditworthy and compete for their business, so it's a win-win for buyers and lenders," added DIVINE. "With Solvent and FormFree's shared mission and vision, there's a perfect alignment, and I'm really proud to be part of this unique partnership to bring about transformation."

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

FormFree® today announced the appointment of former hip-hop/rap recording artist-turned-techpreneur Victor D. Lombard, professionally known as DIVINE, as head of culture. DIVINE is the CEO and founder of Solvent, a fintech focused on financial empowerment for marginalized groups.

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

Premium Mortgage Corporation taps LenderLogix’s LiteSpeed to power Digital-First Mortgage Borrowing Experience

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Rochester, N.Y.-based Premium Mortgage Corporation (Premium Mortgage) is the latest mortgage lender to implement its streamlined point-of-sale (POS) platform LiteSpeed to provide borrowers with a white-labeled, digitally-driven mortgage application experience.

"As one of the top Independent Mortgage Banks in New York State, our borrower relationships are tremendously important to us. We strive to deliver the most seamless and borrower-centric service we can, and LenderLogix's technology plays a significant role in our ability to do that," said David Gates, Chief Operating Officer at Premium Mortgage. "LiteSpeed gives our borrowers a powerful, yet simplified digital entry point into our mortgage application process, which helps us differentiate ourselves in the current market and deliver a superior experience at a fraction of the cost."

Thanks to its integration with Encompass(r) by Ice Mortgage Technology, LiteSpeed streamlines Premium Mortgage's loan application process by guiding borrowers through singular, auto-advancing application questions using animated iconography and dynamic messaging. Once the application is complete, the system immediately presents borrowers with a customized needs list, a secure document upload link and more from their selected loan originator, thus ensuring that all the necessary documentation and information is collected up-front to support a smoother, more streamlined underwriting process.

In addition to LiteSpeed, Premium Mortgage also leverages LenderLogix's QuickQual and Fee Chaser tools in its front-end tech stack. With QuickQual, borrowers and their real estate agents can generate pre-approval letters on demand and run payment scenarios based on their pre-approved loan amount as determined by their loan officer. After completing their application via LiteSpeed, borrowers can quickly and easily pay all up-front costs, such as appraisal fee, through the secure Fee Chaser portal. The combination of these systems, which also integrate with Encompass, with LiteSpeed extends the digital environment Premium Mortgage already delivers to create a seamless experience from first point of contact through application and the early stages of the underwriting process.

"Premium Mortgage is a prime example of what an independent mortgage bank can achieve by taking a more thoughtful and strategic approach to tech investment," said LenderLogix Founder and CEO Patrick O'Brien. "LenderLogix is proud to play a part in Premium Mortgage's continued success by providing tech tools like LiteSpeed that address specific mortgage origination challenges that have gone unaddressed by other larger technology offerings."

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:

https://www.lenderlogix.com/litespeed-point-of-sale

https://www.lenderlogix.com/quickqual-demo

https://www.lenderlogix.com/fee-chaser

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Rochester, N.Y.-based Premium Mortgage Corporation (Premium Mortgage) is the latest mortgage lender to implement its streamlined point-of-sale (POS) platform LiteSpeed to provide borrowers with a white-labeled, digitally-driven mortgage application experience.

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

Peak Residential Lending Builds Digital-First Mortgage Borrowing Experience Using LenderLogix Product Suite

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced Peak Residential Lending has implemented its complete application suite - LiteSpeed, QuickQual and Fee Chaser - into its existing tech stack to power a digital-first borrower experience.

"As a relatively new company, we have been thoughtful and strategic about our tech decisions to ensure we're investing in tools and platforms that drive real operational value. Having used some of the more well-known POS systems previously, we were looking for a more flexible platform that would deliver the essential features and functionality we need to make an impactful first impression with borrowers at a price that was affordable," said Charly Bates, Branch Manager at Peak Residential. "Not only did LiteSpeed meet all our needs, but the entire LenderLogix product suite has enabled us to build a digital native lending operation starting from our initial borrower touchpoint, and its seamless integration with Encompass has enhanced the value we get out of our existing tech stack."

LiteSpeed powers Peak Residential's loan application process, delivering a simple but highly engaging borrower experience integrated with Encompass(r) while giving lenders peace of mind that they're collecting everything needed to hit the ground running. For instance, LiteSpeed automatically curates a list of needed documents for the borrower to collect and upload. From there, QuickQual allows the borrower and real estate agent to run payment and closing cost scenarios based on parameters set by the loan officer (LO) and generate pre-approval letters instantly. Once the borrower moves from application to the underwriting phase, Fee Chaser extends the value derived from LiteSpeed and QuickQual through the seamless collection of up-front costs, such as appraisal fees.

"Peak Residential is a prime example of the speed and ease with which lenders can implement our tools. Thanks to their eagerness and engagement from the start, we had them up and running on all three platforms in less than two weeks, resulting in one of our fastest implementations to date," said LenderLogix Founder and CEO Patrick O'Brien. "We intentionally designed our applications for rapid implementation so lenders can deliver highly personalized and powerful borrower experiences within weeks of making the buy decision. That way, our customers and their borrowers can begin realizing the transparency and efficiency benefits our applications deliver throughout the homebuying process as quickly as possible."

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced Peak Residential Lending has implemented its complete application suite - LiteSpeed, QuickQual and Fee Chaser - into its existing tech stack to power a digital-first borrower experience.

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

MCTlive! Lock Volume Indices: October 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for October 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The October MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

October MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.4 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. While last month saw both the month-over-month rate/term refinance lock figure and purchase index increase, those figures were down 28.9 percent and 15.8 percent, respectively. Total mortgage rate locks by dollar volume decreased 17.1 percent month-over-month in October. Cash out refinances are down 27.6 percent month-over-month and from one year ago volume is down 87.2 percent, while rate/term refinance volume has dropped 93.2 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

:: INDEX VALUES TO END OCTOBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -17.08%

Purchase: -15.84%

Rate/Term Refinance: -28.92%

Cash Out Refinance: -27.57%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.36%

Purchase: -42.19%

Rate/Term Refinance: -93.20%

Cash Out Refinance: -87.21%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT)® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for October 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

FormFree names former ICE finance executive Patrick Rutherford as CFO to fuel its next stage in company growth

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that it has appointed Patrick Rutherford, former finance executive at Intercontinental Exchange (NYSE: ICE), as chief financial officer (CFO). In his new role at FormFree, Rutherford will lead the organization's finance, accounting and compliance functions.

Prior to joining FormFree, Rutherford served as a leader within ICE's global finance function. As a financial leader at the publicly traded Fortune 500 company, Rutherford oversaw multiple aspects of global forecasting, planning and analysis. He was also a key participant in ICE's mergers and acquisitions (M&A) activities, including its strategic equity raise for the company's initial venture into digital assets and its more recent entry into the mortgage space.

Rutherford served as a finance leader at The Home Depot (NYSE: HD) before joining ICE. During this time, he gained a broad set of finance and strategy experiences while progressing professionally, earning formal recognition by the CEO and CFO for his achievements on multiple occasions.

Rutherford earned his bachelor's degree in finance from the University of Georgia in Athens, Georgia, and his master's degree in business administration from Carnegie Mellon University in Pittsburgh.

"I am thrilled to join FormFree, a company dedicated to revolutionizing how lenders come to understand people's ability to pay," said Rutherford. "As CFO, I will strive to further FormFree's drive of facilitating a more inclusive credit landscape while supporting lenders' business goals."

FormFree welcomes Rutherford to its executive team following years of financial growth. Notably, by helping mortgage lenders understand people's ability to pay (ATP®) with innovative, direct-source data retrieval methods, FormFree saw triple-digit revenue growth between 2017 and 2020, earning it a place on the 2021 Deloitte Technology Fast 500(tm) rankings.

"Patrick's breadth of innovative financial management experience at Fortune 500 companies like ICE and Home Depot made him the perfect choice for helping FormFree reach new heights," said FormFree Founder and CEO Brent Chandler. "We look forward to having Patrick at the helm of FormFree's financial growth."

About FormFree®

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

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

Follow FormFree on LinkedIn at: https://www.linkedin.com/company/formfree/.

FormFree today announced that it has appointed Patrick Rutherford, former finance executive at Intercontinental Exchange (NYSE: ICE), as chief financial officer (CFO). In his new role at FormFree, Rutherford will lead the organization's finance, accounting and compliance functions.

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

National Bankers Association Endorses Promontory MortgagePath for Mortgage Fulfillment Services and POS Technology

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC today announced the National Bankers Association (NBA) has endorsed its mortgage fulfillment services and proprietary point-of-sale technology, Borrower Wallet®.

Founded in 1927, NBA has served as a voice for minority-owned banks. Its members include Black, Hispanic, Asian, Pacific Islander, Native American and women-owned banks across the country, all working to help low- and moderate-income communities that are underserved by traditional banks and financial service providers. NBA's endorsement recognizes Promontory MortgagePath's mortgage fulfillment service and POS technology for their ability to help minority depository institutions (MDIs) build their mortgage businesses.

Utilizing Promontory MortgagePath, NBA's member banks can offer a full suite of mortgage products without the need to invest in significant internal infrastructure while also lowering their origination costs. In addition, Promontory MortgagePath facilitates secondary market investor relationships to support clients' mortgage origination activities.

"Providing our member banks with technology and solutions that will help them increase access to financial services in minority communities is essential to our work," said Nicole Elam, president and CEO, NBA. "We are pleased to have successfully vetted Promontory MortgagePath, which will offer member MDIs shared access to a mortgage fulfillment solution necessary to making homeownership a possibility in communities aspiring to build generational wealth."

Founded by former U.S. Comptroller of Currency Gene Ludwig, Promontory MortgagePath began with a mission of empowering community banks to participate profitably in mortgage lending. Promontory MortgagePath's community development and minority-owned bank initiative is focused on increasing access to homeownership in underserved communities. Via the initiative, Promontory MortgagePath provides competitive pricing models, access to its user-friendly technology, dedicated U.S.-based teams of mortgage experts and robust strategies to help clients drive origination growth, with the overall goal of helping build long-term wealth in communities through increased homeownership.

"Minority depository institutions are critical conduits for financial services in the communities they serve," said Ludwig, founder and CEO of Promontory MortgagePath. "We are proud to have the endorsement of the National Bankers Association, which for nearly 100 years has supported these important institutions. Promontory MortgagePath is committed to working with the NBA to increase access to homeownership, which is central to wealth building in these communities and the American Dream."

The National Bankers Association joins the Community Development Bankers Association (CDBA) and American Bankers Association (ABA), as well as a growing list of state banking associations, in endorsing Promontory MortgagePath's services and technology.

About National Bankers Association

Founded in 1927 as the Negro Bankers Association, today, the association NBA has expanded its membership to also include Hispanic-American, Asian-American, Native American, and women-owned banks. Member banks are located in twenty-two states and the District of Columbia. Recognized as the voice of minority banking in the U.S., the NBA continues its role as chief advocate for these banks in the nation's capital. Through the decades, NBA has helped to shape public policy at the White House, on Capitol Hill, within the regulatory community and throughout the federal bureaucracy. For more information, visit https://www.nationalbankers.org/.

About Promontory MortgagePath LLC | NMLS ID 1532373

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

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC today announced the National Bankers Association (NBA) has endorsed its mortgage fulfillment services and proprietary point-of-sale technology, Borrower Wallet®.

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

IDS expands mortgage eClosing platform with addition of eVault

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that it has released its eVault, expanding the capabilities of its eClosing platform, Solitude Solution. With the addition of the eVault to Solitude Solution, lenders now have the ability to deliver documents, including eNotes, to partners though Mortgage Electronic Registration Systems, Inc. (MERS) eRegistry.

The IDS eVault is approved by Fannie Mae and Freddie Mac and includes secure eDelivery and eTransfer functionality for digital mortgage documents, allowing lenders to quickly and easily register eNotes with MERS. Prior its release, the eVault underwent a beta testing phase, during which IDS collected feedback on the product.

"As the mortgage industry continues to progress to a completely digital experience, IDS proudly delivers in-demand innovative eClosing technology backed by our industry-leading customer service support," said IDS Vice President and General Manager Mark Mackey. "Our eVault has undergone rigorous testing and a successful beta testing phase, ensuring it meets the high standards our clients have come to expect of every IDS product. We look forward to helping more lenders expand their eClosing and digital mortgage offerings with our expansive eClosing platform, Solitude Solution."

Solitude Solution includes a single sign-on function with multi-factor authentication, allowing lenders to create one login credential linked to the entire eClosing process. Once the eSign process for a closing package has been completed and the settlement agent has finalized the closing package, the eNote is automatically generated in the lender's eVault. This allows the lender to begin the processes of registering the eNote with MERS, sending the eNote to parties such as the master services via eDelivery and transferring the ownership of the eNote via eTransfer.

"Our customer support team is well-prepared to support our clients as they proceed with the eVault," said David Clement, Director of Operations. "We have a committee in place to ensure our team has the necessary training to fully support eVault operations and setup, and to work with any unexpected client needs and requests that may arise. I am confident that our lenders will be satisfied, both by the eVault itself and by the expert support behind it."

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.

Learn more: https://info.idsdoc.com/

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that it has released its eVault, expanding the capabilities of its eClosing platform, Solitude Solution. With the addition of the eVault to Solitude Solution, lenders now have the ability to deliver documents, including eNotes, to partners though Mortgage Electronic Registration Systems, Inc. (MERS) eRegistry.

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

Promontory MortgagePath Founder and CEO Eugene Ludwig honored as top technology executive by Northern Virginia Technology Council

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today its Founder and CEO Gene Ludwig was named one of the top technology executives by the Northern Virginia Technology Council (NVTC) as part of its annual NVTC Tech 100 awards. Ludwig was recognized for his career-long efforts to address economic inequality through improved access to technology and a more fulsome understanding of the economic realities facing Americans today.

"While our nation continues to adapt to our new normal of living during a global pandemic, I am pleased that Virginia continues to be a leading tech hub of flourishing businesses and career opportunities. I am proud to announce that Gene Ludwig is a 2021 NVTC Tech 100 honoree. He is a key contributor to making our region a vibrant and inclusive place to live, work and learn," said Jennifer Taylor, president and CEO of NVTC.

Under Ludwig's direction, Promontory MortgagePath announced an initiative in October 2020 to support minority depository institutions (MDIs) and community development financial institutions (CDFIs) efforts to help these institutions overcome the steep barriers to entry in providing mortgages and expand access to credit and homeownership in underserved communities. While still in the early stages of rollout, Promontory MortgagePath's MDI initiative has already yielded significant results for its initial participants, with one institution on target to expand its mortgage operations into four additional markets within the first year of launch.

"I'm honored to be included in the NVTC Tech 100," Ludwig said. "Improving access to financial resources for all Americans has been one of the driving forces of my career, and in today's digitally driven environment, technology has become the great equalizer in addressing the economic disparities that have plagued underserved communities, particularly those of color."

As managing partner of venture capital firm Canapi Ventures, Ludwig guides the firm's strategic investment in early to growth-stage fintech companies with the ultimate goal of giving local bankers access to the most innovative technologies available today to improve the delivery of financial services to their communities.

In 2019, Gene founded the Ludwig Institute for Shared Economic Prosperity (LISEP). Its research includes new economic indicators for both unemployment, issued monthly, and earnings, issued quarterly. These statistics aim to provide policymakers and the public with a more transparent view into the economic situation of all Americans as compared with traditionally relied upon metrics. LISEP also seeks to guide and support policy initiatives that increase opportunities for struggling Americans.

"By providing a more realistic view of Americans' economic struggles, we can be more surgical and specific in the solutions we apply to address those challenges," Ludwig added.

Per the NVTC's announcement regarding the awards, "This year's program attracted 130 nominations across three award categories: Company, Executive and NextGen Leader...The final NVTC Tech 100 Award list comprises 64 tech companies, 33 executives, and three emerging leaders - each consistently demonstrating dedication, vision and innovation."

Honorees will be celebrated at the event on December 8, 2021, at The Ritz-Carlton, Tysons Corner. To view the full list of this year's honorees, visit https://www.nvtc.org/NVTC/News/News_Articles/NVTC_Announces_the_2021_Tech_100_Honorees.aspx.

About the Northern Virginia Technology Council

The Northern Virginia Technology Council (NVTC) is the trade association representing the national capital region's technology community. As one of the nation's largest technology councils, NVTC serves companies from all sectors of the industry, from small businesses and startups to Fortune 100 technology companies, as well as service providers, academic institutions, and nonprofit organizations. Nearly 500 entities make up the NVTC membership and look to the organization as a resource for networking and educational opportunities, peer-to-peer communities, policy advocacy, industry promotion, fostering of strategic relationships, and branding of the region as a major global technology center. Visit NVTC at http://www.nvtc.org.

About Promontory MortgagePath LLC | NMLS ID 1532373

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

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today its Founder and CEO Gene Ludwig was named one of the top technology executives by the Northern Virginia Technology Council (NVTC) as part of its annual NVTC Tech 100 awards.

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

Promontory MortgagePath Promotes Dean McCall into its C-Suite as Chief Information Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Dean McCall from managing director of development operations and data to chief information officer (CIO).

"Dean's industry experience in data management and information coupled with his five-year tenure at Promontory MortgagePath make him the perfect candidate for our CIO role," said Gene Ludwig, founder and CEO at Promontory MortgagePath. "He brings an executive-level engineering and information technology focus to the important CIO position. He will help us continue to grow and constantly improve upon our technology so we can exceed our clients' expectations."

As CIO, McCall will affect broad decision-making beyond technology and into strategic positioning, Promontory MortgagePath's client service model and other company initiatives. McCall's expertise in cloud infrastructure blueprints, data architecture and the mortgage industry has been instrumental to Promontory MortgagePath's growth and success. Prior to joining the organization in 2015, McCall worked in engineering, technology consultation and warehouse architecture with Oracle, Aurora Loan Services and Redwood Trust. McCall was also recognized by industry trade publication HousingWire in its 2021 Insiders awards program.

"Over the last year, Promontory MortgagePath has strategically aligned its internal structure to address and prepare for anticipated growth, from sales and fulfillment teams to management structures," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "As managing director of development operations and data, Dean played a critical role in the success of that realignment. We're all delighted to observe Dean's growth within the company and welcome him into this new position."

About Promontory MortgagePath LLC | NMLS ID 1532373

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

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

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Dean McCall from managing director of development operations and data to chief information officer (CIO).

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

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

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

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

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

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

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

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

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

About Promontory MortgagePath LLC | NMLS ID 1532373

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

About American Bankers Association

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

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

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

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

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

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

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

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

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

About FormFree:

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

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

About OpenClose:

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

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

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

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

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

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

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

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

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

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

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

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

About Mortgage Coach:

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

About HomeBinder:

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

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

Related link: http://mortgagecoach.com/

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

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

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

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

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

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

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

About Global DMS:

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

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

About Amazon:

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

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

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

SimpleNexus rounds out its Nexus Closing eMortgage solution with DocMagic’s eVault and eNote technologies, enabling fully digital loan closings

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the integration of its Nexus Closing™ eMortgage solution with DocMagic's eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.

Electronic promissory notes (eNotes) are more secure and accurate than their paper counterparts and give borrowers more time to review and understand closing documents. They also save lenders time and money because they come with an automated audit trail and can be delivered quickly and efficiently to the secondary market.

DocMagic's eVault is a secure repository that provides lenders with the ability to access, manage and store eNotes and other electronic mortgage records on a short- or long-term basis. By offering proactive, real-time control of electronic loan files, eVault technology reduces cycle times and improves process efficiencies throughout the mortgage lifecycle.

"Capital markets funding is the lifeblood of retail mortgage lending. Digitizing loan documents and lending processes will lower costs to the retail customer and increase returns for mortgage lenders and investors," said Craig Focardi, senior analyst, banking at Celent, a research firm that advises financial companies on technology. Celent estimates the market for eNote transactions will grow by nearly 20% in 2021.

"To stay competitive in this market and future markets, lenders need to adopt eClosing solutions that allow them to generate, sign, store and deliver eNotes as part of a complete eMortgage transaction," said Dominic Iannitti, president and CEO of DocMagic. "We're pleased to offer these capabilities to more lenders through our integration with SimpleNexus."

Nexus Closing™ provides borrowers a memorably modern closing experience as part of an end-to-end, single-sign-on homebuying experience that increases repeat and referral business. In addition to integrating DocMagic's eVault technology, Nexus Closing comes with integrated remote online notarization (RON) and eSigning. It has been certified to meet both Fannie Mae and Freddie Mac's technical requirements for eClosing, eNote and eVault functionality and is compatible with the GSEs' respective eNote delivery systems.

"A fully digital closing, complete with eNote and eVault, is the last hurdle lenders must clear before offering borrowers and investors the myriad benefits of an eMortgage. We're pleased to now offer these capabilities via our integration with DocMagic," said SimpleNexus Chief Product Officer Shane Westra. "In a market cluttered with half-baked solutions, we've made it our mission to assemble the most comprehensive and singularly exceptional homebuying experience in the business."

About SimpleNexus, LLC:

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

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. DocMagic'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/.

Twitter: @SimpleNexus @DocMagic #TotaleClose #eClosing #digitalmortgage #mortgageindustry #mortgagelending

LOGO LINKS FOR MEDIA:

[1] https://www.Send2Press.com/300dpi/21-0923s2p-simplenexus-logo-300dpi.jpg

[2] https://www.Send2Press.com/300dpi/21-0923-docmagic-logo-300dpi.jpg

RELATED LINKS:

https://www.simplenexus.com/emortgage/

https://www.docmagic.com/evault

https://www.celent.com/

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the integration of its Nexus Closing™ eMortgage solution with DocMagic's eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.

Related link: https://simplenexus.com/

Promontory MortgagePath Promotes Bryan DeShasier to Chief Administrative Officer, Adds Helen Placente as Managing Director of National Credit Operations

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two key staffing changes expanding the strength of its executive team. Bryan DeShasier has been promoted to Chief Administrative Officer (CAO), and Helen Placente has been hired as Managing Director of National Credit Operations.

"Bryan's promotion and the addition of Helen signify our need to expand our top talent to fuel our growth," said Promontory MortgagePath Founder and CEO Gene Ludwig. "Bryan has been an exceptional team member, and Helen's deep expertise and success in mortgage banking are just the right combination to help our clients continue to grow and expand market share. On behalf of our entire team, I want to congratulate Bryan on this well-deserved promotion and welcome Helen to Promontory MortgagePath."

Prior to his promotion, DeShasier was Managing Director of Product and Process. In addition to his work on the company's point-of-sale (POS) technology, Borrower Wallet(r), he was instrumental to the development and launch of Transform, Promontory MortgagePath's latest service delivery model combining licensed loan coordinators, POS technology and fulfillment services to offer a complete mortgage operations platform from application to close. DeShasier played a key role in launching Promontory MortgagePath's initiative to support community development financial institutions' (CDFIs) and minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Since then, he has helped onboard the program's first two participants.

Placente has more than 25 years of experience in the mortgage banking industry. Most recently, she served as Senior Vice President of Servicing Management at Freedom Mortgage Corporation, where she was called upon to launch the company's servicing outreach program to assist borrowers affected by the COVID-19 pandemic, as well as those experiencing non-pandemic-related financial hardships. Placente also served as Vice President of Wholesale at Mr. Cooper, where she monitored underwriting processes and was the business lead for pre- and post-funding in the quality control department. She has also held executive-level positions in mortgage servicing and originations, non-retail lending, quality assurance and risk management for Caliber Home Loans, TIAA Bank (formerly EverBank) and Aurora Bank.

"Having worked closely with both Bryan and Helen in the past, I am thrilled to have them on our executive team," said Debora Aydelotte, Chief Operating Officer at Promontory MortgagePath. "Their talent, drive and resourcefulness are tremendous assets to Promontory MortgagePath as we deliver the digital mortgage tools and operational support community lenders need to profitably compete in the current mortgage market."

To learn more or find opportunities at Promontory MortgagePath, visit https://www.mortgagepath.com/careers.

About Promontory MortgagePath LLC | NMLS ID 1532373

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

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two key staffing changes expanding the strength of its executive team. Bryan DeShasier has been promoted to Chief Administrative Officer (CAO), and Helen Placente has been hired as Managing Director of National Credit Operations.

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

SimpleNexus is certified as eClosing solution provider by Fannie Mae and Freddie Mac

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider. The designation affirms that SimpleNexus' Nexus Closing™ eMortgage solution meets both GSEs' technical requirements for eClosing, eNote and eVault functionality and has been tested for compatibility with the GSEs' respective eNote delivery systems.

eMortages are faster, offer improved data quality and can be cheaper to execute than traditional mortgages. Now, approved Fannie Mae and Freddie Mac Seller/Servicers desiring to deliver eMortgages to Fannie Mae and Freddie Mac can use Nexus Closing to create and submit eMortgages to both GSEs. Lenders that work with a pre-tested eMortgage vendor like SimpleNexus can expedite the GSE approval process to deliver eMortgages.

"Nexus Closing gives lenders the flexibility to make the closing experience as digital as they want," said SimpleNexus CEO Cathleen Schreiner Gates. "In addition to giving borrowers more time to review and understand closing documents, Nexus Closing offers lenders substantial ROI with improved operational efficiency, increased data integrity and faster delivery of loans to the secondary market."

Nexus Closing™ provides borrowers a memorably modern closing experience as part of an end-to-end, single-sign-on homebuying experience that increases repeat and referral business. The solution comes with integrated remote online notarization (RON) and eSigning, automatic generation of a tamper-sealed eNote document and delivery of the eNote into a secure eVault for delivery to the MERS® eRegistry.

To view Fannie Mae's complete eClosing Technology Service Provider List, visit: https://singlefamily.fanniemae.com/applications-technology/eclosings-emortgages

To view Freddie Mac's Reviewed Vendor List for eMortgage, visit: https://sf.freddiemac.com/working-with-us/electronic-loan-documents/reviewed-vendor-list

For more information about Nexus Closing™ eMortgage, visit: https://www.simplenexus.com/emortgage/

About SimpleNexus, LLC:

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

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

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending #eMortgage #eClosing

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider. The designation affirms that SimpleNexus' Nexus Closing™ eMortgage solution meets both GSEs' technical requirements for eClosing, eNote and eVault functionality and has been tested for compatibility with the GSEs' respective eNote delivery systems.

Related link: https://simplenexus.com/

Mid America Mortgage Adds Pete Jackson as Divisional Director for Wholesale/Non-Delegated Correspondent Channel, Tim Frohock as Regional Director

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today that Pete Jackson has joined the company as a divisional director and Tim Frohock as a regional director. With more than 30 years of wholesale and correspondent lending experience, Jackson and Frohock will play a critical role in the continued growth and success of Mid America's wholesale/non-delegated correspondent lending channel.

"Pete and Tim's unique backgrounds and expertise in agency and government lending have been an ideal cultural fit for Mid America, as we continue to cater uniquely to the home financing needs of everyday Americans including veterans, FHA borrowers and those in rural America," said Mid America's Executive Director of TPO Lending Adam Rieke. "By combining these specialized government lending products with our One Time Close product, MAM is ideally positioned to attack the national housing shortage and continue to provide affordable financing options even in the new construction space."

Rieke, Jackson and Frohock have a long history of working together. All three started their mortgage banking careers together at Carl I. Brown and Company/First Tennessee Bank and remained there for 10 years, becoming regional vice presidents managing Operations and Sales. Later, when Jackson was managing a divisional office for Bank of America, Frohock recruited him to join SunTrust Bank as a regional wholesale vice president and help build a fulfillment center in Overland Park, Kansas. After successfully managing Production and Operations centers for SunTrust Bank for many years, Jackson and Frohock continued to work in the Wholesale/Non-Delegated space, as did Rieke, but all three worked for competing organizations. Most recently, Jackson recruited Frohock to join him and Rieke at Mid America Mortgage and build a Western Regional office in Phoenix.

"As a pioneer and innovator in the digital mortgage space, Mid America continues to provide secure and convenient remote digital closing options, which have become critical over the past year for closing continuity amid the COVID lockdown," said Mid America Owner and CEO Jeff Bode. "Our continued commitment to technology coupled with our industry-leading turn times make Mid America an ideal landing spot for tech-savvy, growth-minded account executives, a fact bolstered by the top workplace honors we've received from numerous industry trade magazines."

Mid America is actively seeking account executives in every market across the United States. To learn more about opportunities in Mid America's wholesale division, contact Pete Jackson at: pete.jackson@midamericamortgage.com

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Mid America Mortgage, Inc. (Mid America) announced today that Pete Jackson has joined the company as a divisional director and Tim Frohock as a regional director. With more than 30 years of wholesale and correspondent lending experience, Jackson and Frohock will play a critical role in the continued growth and success of Mid America's wholesale/non-delegated correspondent lending channel.

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

Promontory MortgagePath COO Debora Aydelotte Earns Top Female Industry Leadership Honors from HousingWire and Mortgage Banker Magazine

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte has been recognized by HousingWire and Mortgage Banker Magazine for her leadership contributions to the mortgage industry. Aydelotte has been named one of HousingWire's 2021 Women of Influence and is among Mortgage Banker Magazine's 2021 Powerful Women in Mortgage Banking.

Over the last 12 months, Aydelotte has overseen the launch of Transform, Promontory MortgagePath's expanded service delivery model, and kicked off the company's CDFI and MDI initiative. Under Aydelotte's leadership, Promontory MortgagePath has also expanded its operations with an additional fulfillment center, doubled its workforce year-over-year and garnered key endorsements from organizations such as the Independent Bankers Association of Texas, the Community Development Bankers Association, the Oregon Bankers Association and the Oklahoma Bankers Association.

"Advocating for diversity, equity and inclusion has been a personal mission throughout my entire career, and being able to channel that passion into the work Promontory MortgagePath is doing to promote greater inclusion and equity in financial services has made my work that much more meaningful," said Aydelotte. "For nearly two decades, it has been my privilege as an executive to mentor others and contribute to their growth, and I am honored to be recognized by both HousingWire and Mortgage Banker Magazine for these efforts."

Each of these awards seeks to highlight female pioneers, innovators and leaders in the mortgage industry. To view Aydelotte's profile and the full list of HousingWire Women of Influence honorees visit https://www.housingwire.com/articles/presenting-housingwires-2021-women-of-influence/. Aydelotte's feature in Mortgage Banker Magazine, along with the full list of honorees, can be viewed at https://nationalmortgageprofessional.com/news/powerful-women-mortgage-banking-2021.

About Promontory MortgagePath LLC | NMLS ID 1532373

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

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte has been recognized by HousingWire and Mortgage Banker Magazine for her leadership contributions to the mortgage industry. Aydelotte has been named one of HousingWire's 2021 Women of Influence and is among Mortgage Banker Magazine's 2021 Powerful Women in Mortgage Banking.

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

SimpleNexus expands C-suite under leadership of Cathleen Schreiner Gates

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced new executive appointments in operations, revenue generation and customer success. With this restructure, recently appointed CEO Cathleen Schreiner Gates deepens the tech firm's organizational chart and adds her stamp to an executive team focused on elevating the homeownership experience.

"SimpleNexus' continued success requires a corresponding commitment to ensuring the proper strategic-level thinking and oversight are in place in all aspects of the company," said SimpleNexus CEO Cathleen Schreiner Gates. "I've hand-selected these proven team members to help drive our strategy and prepare for future growth."

THE PROMOTIONS AND ORGANIZATIONAL CHANGES INCLUDE:

Kevin McKenzie, Chief Operating Officer (COO)

McKenzie, who is also the firm's chief financial officer (CFO), will absorb the responsibilities of COO, including oversight of human resources, information technology, legal, corporate development and facilities.

John Aslanian, Chief Revenue Officer (CRO)

Aslanian's promotion from senior vice president of sales to CRO recognizes his contributions to two years of record-breaking revenue growth for the firm. He joined SimpleNexus in 2019 as an established sales veteran with more than two decades of experience in the mortgage and software industries.

Andria Lightfoot, Chief Customer Officer (CCO)

Lightfoot, who joined SimpleNexus in March of this year as vice president of professional services, has leveraged her deep mortgage expertise to drive adoption of digital eClosing. As CCO, Lightfoot will oversee all customer-centric activities of SimpleNexus' customer division including, professional services, customer success, support, training, and integration engineering. Pam Faulkner, formerly director of mortgage solutions, will join Lightfoot's team as a vice president of customer journey.

About SimpleNexus, LLC:

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

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

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced new executive appointments in operations, revenue generation and customer success.

Related link: https://simplenexus.com/

Mid America Mortgage Securitizes Its First Ginnie Mae eNote with eCustodian Wilmington Trust

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today that the company has completed its first Ginnie Mae eNote transaction with Wilmington Trust, an approved and active eCustodian under Ginnie Mae's Digital Collateral Initiative. Having announced its first eNote transaction in August 2016, this represents the next step in Mid America's ongoing digital mortgage adoption efforts across its retail, wholesale and correspondent lending channels.

"As long-time Ginnie Mae-approved issuer, Mid America Mortgage was eager to achieve eIssuer status with Ginnie Mae so that we could begin securitizing our considerable government-backed digital mortgage volume as well," said Mid America Owner and Chief Executive Officer Jeff Bode. "However, we knew we needed a document custodian that not only was also approved by Ginnie Mae to participate, but one that also possessed a keen understanding of the nuances of storing eNotes. That is exactly what we've found with Wilmington Trust, and we look forward to partnering with them to expand Mid America's digital mortgage push."

Wilmington Trust, a leader in corporate and institutional services. was among the first document custodians approved by Ginnie Mae to store eNotes for Ginnie Mae-approved eIssuers and is currently working to become approved by Freddie Mac. The firm provides full service eNote custodial services, which includes taking in eNotes via the MERS eRegistry, as well as performing a review and certification to the agencies or warehouse lenders, while safekeeping the eNotes on their behalf. In addition, Wilmington Trust provides full-service custodian services for non-agency and non-Qualified Mortgage eNotes.

"We are proud to support such a great partner like Mid America Mortgage as one of the first lenders accepted into the Ginnie Mae Digital Collateral Initiative," said Joseph Deller, Product Development Manager, Wilmington Trust. "This is a critical step in the ongoing digital transformation in the mortgage industry, and Wilmington Trust is excited to be part of this historic program launch."

First announced in July 2020, the Digital Collateral Initiative enables Ginnie Mae to accept eNotes and other digitized loan files as collateral for its securities. Once approved for participation in the program, all eIssuers and their associated eCustodian must successfully complete a series of test transactions before receiving written eMortgage Issuance Authority from Ginnie Mae. During the initial phase of the Digital Collateral Program, eIssuers are limited by Ginnie Mae in the total number of eMortgages that may be securitized, regardless of loan size.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

ABOUT WILMINGTON TRUST

Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, and Wilmington Trust, N.A. (WTNA).

Wilmington Trust, N.A. provides Corporate and Institutional Services including institutional trust, agency, asset management, retirement plan, agency, asset management, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides direct trust, custody, and fiduciary services for retirement plans, companies, foundations, organizations and financial institutions.

Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.

Wilmington Trust maintains offices throughout the United States and internationally in London, Paris, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com.

Mid America Mortgage, Inc. (Mid America) announced today that the company has completed its first Ginnie Mae eNote transaction with Wilmington Trust, an approved and active eCustodian under Ginnie Mae's Digital Collateral Initiative. Having announced its first eNote transaction in August 2016, this represents the next step in Mid America's ongoing digital mortgage adoption efforts across its retail, wholesale and correspondent lending channels.

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

Provident Funding Partners with Lender Price

PASADENA, Calif. /ScoopCloud/ -- Lender Price, a provider of mortgage loan pricing and origination technology, announced today that Provident Funding has joined the Lender Price Marketplace. Provident Funding has been committed to the wholesale channel since inception in 1992. The Lender Price Marketplace user base has doubled over the past 12 months with more than 5,700 brokers.

Provident Funding's management team is "excited to make our industry leading price more transparent and available by using the Marketplace! We remain committed to brokers' success and thank them for recognizing the advantage our pricing gives them!"

"We're looking forward to our partnership with Provident Funding, who is one of the leading wholesale lenders and is well known as a price leader," said Dawar Alimi, CEO and founder of Lender Price. "Our Marketplace platform's ability to support a myriad of lenders and programs is one reason that brokers come to our Marketplace to find the most competitive deals for their customers such as those offered by Provident Funding."

About Lender Price

Lender Price is a California-based big data technology innovator and developer of digital mortgage lending technology, including the Digital Lending point-of-sale (POS) tool and an advanced product, pricing & eligibility (PPE) engine. Lender Price provides all types of mortgage lending institutions - wholesale and correspondent lenders, banks, credit unions and mortgage brokers - with advanced technology designed to eliminate friction, increase transparency, and effectively engage with borrowers.

More information about Lender Price and Marketplace can be found at: http://www.lenderprice.com/ and https://lenderprice.com/marketplace/

About Provident Funding

Provident Funding is a nationwide direct mortgage lender and servicer. Founded in 1992, Provident Funding has created a customer-oriented culture with an experienced team of highly trained mortgage experts. Since inception, Provident Funding has maintained a firm commitment to a low-cost business model which allows for cost savings to be passed on to customers through industry-leading rates. This has earned Provident Funding a solid industry reputation as The Mortgage Price Leader.

Lender Price, a provider of mortgage loan pricing and origination technology, announced today that Provident Funding has joined the Lender Price Marketplace. Provident Funding has been committed to the wholesale channel since inception in 1992. The Lender Price Marketplace user base has doubled over the past 12 months with more than 5,700 brokers.

Related link: https://lenderprice.com/

SimpleNexus Welcomes Andria Lightfoot as Vice President of Professional Services

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the hire of mortgage industry veteran, Andria Lightfoot, PMP, CSM, as vice president of professional services. In this role, Lightfoot will be responsible for ensuring SimpleNexus' professional service teams deliver industry-leading consultative and implementation services.

Most recently Lightfoot served as chief operations officer at George Mason Mortgage, LLC, where she led mortgage operations, provided strategy for enterprise software solutions and implemented innovative change management initiatives. During her six-year tenure at George Mason, Lightfoot reduced turn-times by three business days, increased application pull-through by 12% and reduced TRID tolerance cures by 150%.

Previously, Lightfoot led technology strategy at Prosperity Home Mortgage and J.G. Wentworth Home Lending. She has also served as senior business analyst at renowned mortgage technology consulting firm Teraverde.

“Andria is a proven mortgage technology leader with a demonstrated ability to improve processes,” said SimpleNexus President Cathleen Schreiner Gates. “Her experience leading transformational operational initiatives at mortgage lending organizations will be of great value to SimpleNexus customers.”

"Improving customer experience and streamlining processes has long been a passion of mine," said Lightfoot. "I am thrilled to join an organization that's at the forefront of changing mortgage technology for the better."

Lightfoot serves on the Mortgage Bankers Association CIO Committee. She is a frequent speaker at mortgage industry events and has been quoted in numerous publications including Forbes.

To view open positions at SimpleNexus, visit https://simplenexus.com/sn/careers/. Contact hr@simplenexus.com to submit a resume.

About SimpleNexus, LLC:

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

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending #peoplemovers

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the hire of mortgage industry veteran, Andria Lightfoot, PMP, CSM, as vice president of professional services.

Related link: https://simplenexus.com/

Promontory MortgagePath Appoints Savita Ilango as Chief Financial Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has hired Savita Ilango as chief financial officer. A financial industry veteran, Ilango brings unique perspectives for helping Promontory MortgagePath continue both on its growth trajectory and toward achieving its mission of changing the way lenders approach their mortgage business.

"We're delighted to welcome Savita to the Promontory MortgagePath leadership team," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "Savita's extensive experience as a results-oriented financial leader will have an immediate impact as we continue to grow and her proven ability to create value will be felt throughout the firm."

With extensive experience in finance, Ilango has worked with publicly held and private companies of varying sizes, leading cross-functional teams to achieve financial targets and operational excellence. She comes to Promontory MortgagePath from Kabbage, a FinTech firm providing small businesses with automated cash flow solutions, where she served as head of global financial planning and analysis. Prior to Kabbage, Ilango worked in roles with increasing responsibility in controllership, financial planning, and consumer banking at Synchrony Financial and GE Capital.

"I am thrilled to join the dynamic and driven team at Promontory MortgagePath and look forward to driving growth for both our customers and our company. I love the mission of helping community-oriented financial institutions thrive," said Ilango.

To learn more about open positions at Promontory MortgagePath, visit mortgagepath.com/careers. Contact careers@mortgagepath.com to submit a resume or other inquiries.

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 and tech-driven fulfillment solutions, announced today it has hired Savita Ilango as chief financial officer. A financial industry veteran, Ilango brings unique perspectives for helping Promontory MortgagePath continue both on its growth trajectory and toward achieving its mission of changing the way lenders approach their mortgage business.

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

SimpleNexus accelerates momentum in 2020 with one of eight U.S. mortgage loans passing through its homeownership platform

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced accelerated momentum in 2020 marked by expansive market growth and product innovation.

"The reason SimpleNexus continues to sweep the mortgage space is that it is the single-most complete homeownership journey platform for homebuyers and a relentlessly efficient lender tool," said Founder and CEO of SimpleNexus Matt Hansen. "From home search to application and from eClosing to securing homeowners insurance, SimpleNexus is truly a one-stop homeownership hub."

SimpleNexus has become one of the nation's fastest-growing firms, having ranked on the Inc. 5000 for three consecutive years and the Deloitte Technology Fast 500 for two consecutive years. The firm's 2020 growth was capped by a $108 million Series B funding round led by Insight Partners and supported by TVC Capital.

"SimpleNexus has established itself as a fast-paced innovator in the digital mortgage space," said TVC Capital Co-Founder and Managing Partner Jeb Spencer. "First it set the gold-standard for on-the-go usability and now it's defining what a seamless homeownership platform should be. We are excited to support the company as it blazes the trail to creating a harmonious homeownership journey."

SimpleNexus grew staff by 63% over the last 12 months as it worked to enhance its platform with dozens of new features designed to facilitate a more streamlined, "from anywhere" lending experience for all stakeholders in the mortgage lending process. For instance, last February saw the addition of Uniform Residential Loan Application (URLA)support and in-app review of Fannie Mae's Desktop Underwriter(r) (DU(r)) findings. July marked the release of SimpleNexus ConnectUs Chat, a messaging feature that supports real-time loan file collaboration between LOs, borrowers and real estate agents. In August, SimpleNexus debuted SimpleNexus eClosing, which enables hybrid and RON closings for purchase and refinance loans.

Also in 2020, an independent, third-party analysis conducted by MarketWise Advisors showed that lenders using SimpleNexus consistently produce more loans and spend less on per-loan operational expenses, receiving nine-times ROI from their spending on the platform. SimpleNexus maintains 98% customer retention, a rare feat in the SaaS world.

To date, SimpleNexus empowers 300 mortgage lenders to "do more," by connecting its 32,000 active LO users with more than 3 million borrowers and 141,000 real estate partners to produce 13 million mortgages totaling more than $3 trillion in volume.

About SimpleNexus, LLC:

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

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

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

SimpleNexus, developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced accelerated momentum in 2020 marked by expansive market growth and product innovation.

Related link: https://simplenexus.com/

UniversalCIS Announces Acquisition of SharperLending

PHILADELPHIA, Pa. /ScoopCloud/ -- UniversalCIS, a market leader in technology and solutions to the mortgage industry, is pleased to announce the acquisition of mortgage technology provider SharperLending. The SharperLending transaction, which follows the merger of Universal Credit, CIS Credit Solutions, and Avantus, provides further enhancements to the technology platform for UniversalCIS.

SharperLending provides a product extension into software solutions for the residential and commercial appraisal markets through Appraisal Firewall and related products, optimized settlement and bundled services solutions, as well as direct income verification and mortgage credit reporting technology.

SharperLending will operate as an independent business unit as a wholly owned subsidiary of UniversalCIS. The strategic financial technology initiatives between the combined companies will provide deeper systems integrations, faster loan origination and processing, better leverage to loan operating systems, strong technology partnerships with the GSEs, and other technical integrations to banks, credit unions, mortgage companies, and channel partners.

Perry Steiner, Chairman of UniversalCIS, stated, "The acquisition of SharperLending is a critical building block for the UniversalCIS technology platform, and it represents our entry into the real estate appraisal software market. This partnership will provide enhanced workflow tools for our clients, and provide greater value and a deeper level of integration in the mortgage origination process. Our primary focus will be to accelerate the level of technology investment in SharperLending's software products."

David Chiappe, President of SharperLending, stated, "This transaction represents a unique opportunity to combine our software platforms with a technology and solutions leader in the mortgage industry. As an independent subsidiary of UniversalCIS, SharperLending will be able to offer a greater level of resources and investment to all of our clients."

Dave Black, founder of SharperLending continued, "As a private company for over 30 years, we were very careful and deliberate in choosing our partner for our future growth, and we anticipate great things together with UniversalCIS."

Jerry Haftmann, CEO of UniversalCIS stated, "We welcome all SharperLending customers and employees to our business. This partnership represents a natural extension to provide residential and commercial appraisal software, and SharperLending will continue to independently support its mortgage credit industry clients. We plan to integrate and leverage the SharperLending technology in all aspects of our business as we continually strive to increase efficiency in the mortgage origination process."

About UniversalCIS

UniversalCIS is a market leader in mortgage technology, credit reporting, and related products and solutions for mortgage originators. UniversalCIS has over 4,000 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. UniversalCIS prides itself on the best technology, solutions, and service in the industry. UniversalCIS was created through the merger of Universal Credit Services, CIS Credit Solutions, and Avantus.

For more information, please visit: http://universalcis.com/

About SharperLending Solutions

SharperLending is a leading technology provider to the mortgage industry. SharperLending provides financial technology software solutions to channel partners and lending institutions to increase efficiency, mitigate risk, and offer affordability. The company's proven technology has processed more than two billion secure mortgage transactions. The company has three major platforms under its corporate umbrella: Appraisal Firewall appraisal platform, the XpertOnline credit platform and the EPN loan origination and settlement service platform.

For more information, please visit: http://sharperlending.com/

UniversalCIS, a market leader in technology and solutions to the mortgage industry, is pleased to announce the acquisition of mortgage technology provider SharperLending. The SharperLending transaction, which follows the merger of Universal Credit, CIS Credit Solutions, and Avantus, provides further enhancements to the technology platform for UniversalCIS.

Related link: https://universalcredit.com/

ReverseVision Announces New CEO Joe Langner

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced the promotion of its president Joe Langner to president and chief executive officer. In this expanded role, Langner will lead ReverseVision's mission to empower America's seniors to use home equity as part of retirement finance.

Langner has more than 30 years' executive experience driving growth at marquee mortgage technology and software companies. A former chief operating officer and chief sales officer at Ellie Mae (NYSE:ELLI), Langner was a member of the senior leadership team that substantially grew its market share leading up to the firm's initial public offering in 2011. Previously, Langner has served as chief executive officer at Blue Sage, a cloud-based, digital lending platform; president at PCLender, a Fiserv (NASDAQ:FISV) affiliate; executive vice president at Sage (SGE.L), a global leader in operations management technology; and senior vice president at Dun & Bradstreet (NYSE:DNB), a global provider of business decisioning data and analytics.

Since joining ReverseVision as president in March 2020, Langner has initiated integrations that align its technology and services with forward lending workflows. Langner increased the company's development and customer support staff by 25% and upgraded ReverseVision's data centers in partnership with Amazon Web Services. In June, he recruited dedicated talent to expand its integration and API partner relationships. Last July he launched a complimentary consultation service to help lenders align their implementation of ReverseVision with their business goals.

"Having had the opportunity to interact directly with Joe during his time at Ellie Mae, I was tremendously excited to have him bring his energy, knowledge and experience to ReverseVision. Joe is well-known and respected throughout the mortgage industry for his deep and technologically-grounded understanding of the digital mortgage ecosystem," said Jeb Spencer, board chairman and managing partner of TVC Capital. "Joe has a keen aptitude for working closely with lenders to help them strategically grow their businesses with innovative, cost-effective and advanced software technologies."

"My time at ReverseVision has only reinforced my conviction that both the mortgage industry and consumers would be best served by establishing HECMs and private reverse loans as foundational programs alongside traditional forward loans," said Langner. "All of the 1.5 million senior consumers that take out a home loan each year deserve to be presented with a mortgage option that can also help them achieve their financial and retirement goals."

John Button, former CEO, will continue to advise the corporate board as a member of the board of ReverseVision and represent ReverseVision in a range of industry organizations and events.

About ReverseVision

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

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

Twitter: @reversevision #digitalmortgage #HECM

Facebook: @ReverseVision

LinkedIn: @ReverseVision

ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced the promotion of its president Joe Langner to president and chief executive officer. In this expanded role, Langner will lead ReverseVision's mission to empower America's seniors to use home equity as part of retirement finance.

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

SimpleNexus ROI Calculator lets mortgage lenders accurately model the financial and operational benefits of investing in digital mortgage technology

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of the SimpleNexus ROI Calculator. The self-service tool enables mortgage lenders to estimate their overall return on investment (ROI) in SimpleNexus by accurately modeling the digital mortgage platform's impacts on loan production revenue and operational expenses.

The calculator draws on the results of a third-party ROI study conducted by independent consulting and advisory firm MarketWise Advisors (MWA). The compiled results of MWA's analysis were baselined to develop a pro-forma tool for calculating lenders' expected ROI from SimpleNexus over time.

In just 30 seconds, the SimpleNexus ROI Calculator projects SimpleNexus' impacts on lender profitability, including estimated increases in net income, incremental gains in closed loans, origination cost savings and overall ROI. Users can also request a custom, in-depth ROI analysis.

"We are so confident in our ability to deliver superior value that we have launched a self-service tool that quantifies the sales and revenue benefits SimpleNexus can deliver based on the size and productivity of an organization. Just plug in a few numbers and see how SimpleNexus lines up," said SimpleNexus Co-founder Ben Miller.

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, real estate agents and settlement service providers 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 #ROI

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of the SimpleNexus ROI Calculator.

Related link: https://simplenexus.com/

Promontory MortgagePath Launches Initiative to Help Minority-Owned Financial Institutions Expand Mortgage Credit Access to Underserved Communities

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC today launched its initiative to support minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Through this initiative, Promontory MortgagePath, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, will partner with minority-owned banks and credit unions, including community development financial institutions (CDFIs), to offer exclusive pricing, resources and joint-marketing opportunities to participating institutions.

"The challenges facing community banks in low- to moderate-income areas will not be fixed immediately," said Promontory MortgagePath CEO and Founder Gene Ludwig. "But we must take action now to ensure that these vital institutions are supported because when these institutions thrive, the positive impact on their communities is profound."

The initiative aims to accelerate the ability of minority-owned banks and depositories to help their communities. There are more than 1,100 certified CDFIs in the U.S., managing approximately $222 billion in assets and, of the more than 5,400 federally insured financial institutions in the U.S., 149 are MDIs. These institutions create jobs, increase access to affordable housing and expand financial opportunities for underserved communities. An Urban Institute study details the vital role of minority-owned banks, which often fill mortgage lending gaps left by other banks and hold a deeper understanding of their communities' needs. The study also found that Black-owned banks are disproportionately affected by financial crises.

Without the right tools, minority-owned banks that lack access to cost-effective mortgage fulfillment technology or do not offer mortgage lending could stand to miss out on their share of the trillion-dollar mortgage origination market. Not only does this put these institutions at a disadvantage relative to their peers, but it also limits wealth-building opportunities for the communities these institutions serve. According to the Federal Reserve's Survey of Consumer Finances, homeowners possess a median net worth of $255,000, while the median net worth for renters is $6,300 (*see note 1).

Ludwig has long advocated for underserved communities, spotlighting the unique economic challenges they face. Throughout his career as former U.S. Comptroller of the Currency and founder of several notable financial services firms, Ludwig has demonstrated his passion for improving access to resources for all borrowers and lenders. In his recently published book, "The Vanishing American Dream," Ludwig leads a critical conversation on the plight of low- and moderate-income Americans, enlisting academics, politicians, CEOs and former presidential advisors to discuss the economic injustice that threatens so many Americans.

Earlier this month, the Community Development Bankers Association (CDBA) endorsed Promontory MortgagePath's mortgage fulfillment services and point-of-sale technology, recognizing the firm's alignment to CDBA's mission of promoting financial inclusion and opportunity among people and communities often left out of the economic mainstream. Promontory MortgagePath plans to work with the CDBA to identify strategic partners to participate in the initiative. MDIs and CDFIs that join the initiative will leverage Promontory MortgagePath's technology, U.S.-based mortgage fulfillment services and robust joint marketing program at an aggressive discount, fast-tracking their efforts to deepen and broaden their reach and expand access to homeownership in their communities.

"MDIs and CDFIs play a vital role in expanding access to credit and building wealth in the communities they serve," said Paul C. Katz, managing director and head of bank relations at Promontory MortgagePath. "Whether they are seeking to establish or grow their mortgage operations, Promontory MortgagePath is committed to partnering with these institutions to provide additional pathways to homeownership, and we highly encourage them to join the initiative."

MDIs or CDFIs interested in learning more about becoming strategic partners or joining this initiative should contact Katz at paul.katz@mortgagepath.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

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

*NOTE 1: https://www.federalreserve.gov/publications/files/scf20.pdf

Promontory MortgagePath LLC today launched its initiative to support minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Through this initiative, Promontory MortgagePath, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, will partner with minority-owned banks and credit unions.

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

MCT’s Business Intelligence Platform Gives Lenders Competitive Advantage with Actionable Insights and Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT announced the upcoming launch of their Business Intelligence Platform, a powerful web-based analytics platform designed to empower lenders to understand the market, optimize their loan sales, and improve performance relative to their peers. The platform will be officially released and demonstrated during an MCT client webinar on October 15, 2020 at 11 a.m. PT/PDT.

"We developed MCT Business Intelligence to help lenders contextualize their business within the industry and dive deep into the data," stated Bill Petersohn, Managing Director of Business Intelligence. "When our clients have access to actionable secondary market data, they will achieve greater internal competence and pickup in the secondary market. With 1 in 5 of all loans in the United States going through the MCT pipeline, clients obtain the visibility they need to interpret their performance and reach for greater profits. This Business Intelligence Platform is the most comprehensive secondary market analytics tool on the market."

MCT Business Intelligence aggregates mortgage pipeline and loan sale data from MCTlive!, the comprehensive capital markets software platform used by MCT staff and clients, to provide strategic insights to MCT clients in the form of customizable reports and illustrative charts.

In 2015, after receiving constant requests for investor color from clients, MCT created the first client-exclusive report set - the iMarket Monthly Review. Soon after, clients enjoyed the addition of Quarterly Peer Benchmark Reports that showcased sold data of all MCT clients' performance. These two static reports allowed lenders to compare aspects of their secondary market data to their peers and to the MCT average on a monthly and quarterly basis.

Users of the dynamic Business Intelligence Platform are now able to dive deep into, not only sold, but locked and investor data with highly customizable views. The software allows users to measure the impact of their historical production and iterate further adjustments to fine-tune their offerings. With the diverse reporting variables and filters, lenders are able to drill down on FICO scores, locations, programs, volume, and more to empower them in their decision-making.

"During the pandemic-induced market volatility in early 2020, MCT was able to guide clients through periods of intense basis risk and rapid agency/aggregator eligibility changes with a constant stream of data and recommendations," shares Curtis Richins, President of MCT.

"Now we are putting MCT Business Intelligence in the hands of our lenders to help them improve their performance both during and outside periods of market volatility."

Key features of the platform include reports of market trends, pricing comparisons, Best Effort to Mandatory spreads, tools to locate new business opportunities and more! Visit https://mct-trading.com/ or call (619) 543-5111 to learn about the many functionalities of the platform.

About MCT:

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

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love. For more information,

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

Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MCT announced the upcoming launch of their Business Intelligence Platform, a powerful web-based analytics platform designed to empower lenders to understand the market, optimize their loan sales, and improve performance relative to their peers. The platform will be officially released and dem

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

SimpleNexus Team Members enables mortgage lenders to fine-tune digital mortgage workflows, file permissions at the user level

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the release of SimpleNexus Team Members, a feature that allows lenders to work more efficiently by managing loan file permissions and employee workflows based on assigned user roles.

With the release of Team Members, lenders can assign SimpleNexus users to roles such as loan originator (LO), LO assistant, processor, disclosure desk personnel, closer, post-closer or settlement agent. Lenders may also limit user access to a specific list of loan files or to loans associated with specific collaborators (LOs). Once Team Member settings have been configured, user workflows, notifications and document access are automatically customized based on Team Member assignments.

Team Members features available now include:

* Notifications:
Team Members receive and manage notifications based on collaborator (LO) and loan file assignments.

* Package Tracker:
Team Members can efficiently track disclosure packages and other files within SimpleNexus rather than toggling between SimpleNexus and their loan origination system (LOS).

* Pending Loan Updates:
Users of the Ellie Mae(R) Encompass(R) LOS can see pending actions on their 100 most recent loan assignments, enabling them to quickly identify loans that require action.

* Borrower Task Management:
Team members can track and manage borrower tasks on a loan file to help ensure requirements are met with the fastest turnaround possible.

Future updates to Team Members will integrate the feature with ConnectUs Chat, a messaging feature released in July 2020 that enables real-time loan file collaboration between LOs, borrowers and real estate agents within the SimpleNexus platform.

"Our new Team Members feature improves lender productivity by focusing employees on just the essential tasks that keep loans moving swiftly down the pipeline," said SimpleNexus Senior Product Manager Tyler Prows. "Automated loan progress notifications, milestone tracking and other process-enhancing features will be extended across loan teams through Team Members, helping lenders serve borrowers better from anywhere."

Team Members 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 August 2020 release of SimpleNexus eClosing 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, real estate agents and settlement service providers 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, real estate agents and settlement agents, today announced the release of SimpleNexus Team Members, a feature that allows lenders to work more efficiently by managing loan file permissions and employee workflows based on assigned user roles.

Related link: https://simplenexus.com/

DocMagic and VirPack Announce Integration of Platforms

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that that it has integrated its eSign platform with VirPack to facilitate the seamless exchange of loan files and docs for compliant eSigning through DocMagic's eSign platform.

Using VirPack's API, electronically signed documents can automatically be accessed and retrieved from DocMagic's eSign platform and delivered to the appropriate party, establishing a secure, seamless exchange of sensitive borrower information and documents. A robust set of user notifications alert customers to all DocMagic eSign platform events.

The integration centralizes a paperless environment to maximize operational efficiency, eliminate errors and reduce costs. Further, the seamless connectivity speeds up funding and quickly delivers loan files to investors, GSEs, the FHA, servicers, QC firms, MI firms, and other relevant parties.

"This integration helps our mutual clients to efficiently automate document workflows and consolidate the retrieval and packaging of documents according to their specific preferences," said Steve Ribultan, director of business development at DocMagic. "Ultimately, we're bringing a greater level of organization and centralization to bundling executed documents for borrowers, lenders and investors."

VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations.

"VirPack is pleased to strengthen our partnership with DocMagic," said Wayland Pond, COO at VirPack. "The integration results in more secure document exchange and alleviates manual processes by leveraging e-signature and e-closing technology. This partnership further underscores our commitment to modernizing mortgage lending workflows. Our technology focuses on improving operations by limiting manual intervention, reducing operational overhead and oversight, and increasing loan transparency."

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and

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

About VirPack:

VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations. A leader in file automation and automated workflows - our solutions replace manually complex and error-prone business processes with accuracy and efficiency for resource-constrained teams. For 20 years we have served the mortgage banking and financial services industries, innovating and creating award-winning technologies and solutions that have enabled customers to gain strategic competitive advantages. For additional information, visit http://www.virpack.com/.

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

Social Media:
DocMagic Twitter: @DocMagic
VirPack Twitter: @VirPack
Hashtags: #eMortgageSolutions #eSigning #eClosingTechnology #ModernizingWorkflow #AutomatedWorkflow #DigitalTransformation

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that that it has integrated its eSign platform with VirPack to facilitate the seamless exchange of loan files and docs for compliant eSigning through DocMagic's eSign platform.

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

VirPack and Mortgage Builder Announce Integration Built to Streamline the Digital Mortgage Process

MCLEAN, Va. /ScoopCloud/ -- VirPack is pleased to announce a new partnership with Mortgage Builder, a Constellation Mortgage Solution Company and full loan lifecycle solution. This new integration will provide Mortgage Builder customers advanced workflow and document management capabilities, including optical character recognition that automates document recognition and data extraction to easily determine if data extracted from critical loan documents matches loan data in Mortgage Builder.

The VirPack Mortgage Builder integration creates new efficiencies for Mortgage Builder customers through the power of VirPack's automation and workflow technology.

The carefully designed multi-point integration:
* Enables users to launch directly from Mortgage Builder into VirPack.
* Posts Mortgage Builder content directly to VirPack enabling documents and reports to be automatically categorized and indexed without manual operations from a Mortgage Builder user.
* Recognizes Mortgage Builder specific and IDS generated barcodes automatically enabling an accurate indexing of Mortgage Builder and IDS generated documents.

"We are excited to partner with Mortgage Builder whose strong focus on streamlining operations and customer service aligns strongly with VirPack's goals of improving the loan application workflow through modernization. This partnership will help Mortgage Builder customers by increasing employee efficiency, driving productivity, and facilitating additional document controls," said Wayland Pond, Chief Operating Officer of VirPack.

"Partnerships, like the one between Mortgage Builder and VirPack elevate the digital lending experience for both the lender and the borrower. We are pleased to select VirPack as our preferred document management integrated solution. Mortgage Builder is committed to creating positive customer experiences through intuitive technology, streamlined workflows, and superior customer service. We believe our customers will find this new integration provides efficiencies in processing and speeds loan closings," said Stephen Ryczek, President & General Manager of Mortgage Builder - A Constellation Mortgage Solution Company.

About VirPack

VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations. A leader in file automation and automated workflows - our solutions replace manually complex and error-prone business processes with accuracy and efficiency for resource-constrained teams. For 20 years we have served the mortgage banking and financial services industries, innovating and creating award-winning technologies and solutions that have enabled customers to gain strategic competitive advantages. For additional information, visit https://www.virpack.com/.

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 https://www.mortgagebuilder.com/.

*IMAGE LINK for media: https://www.Send2Press.com/300dpi/20-0924s2p-virpack-300dpi.jpg

VirPack is pleased to announce a new partnership with Mortgage Builder, a Constellation Mortgage Solution Company and full loan lifecycle solution. This new integration will provide Mortgage Builder customers advanced workflow and document management capabilities, including optical character recognition that automates document recognition and data extraction to easily determine if data extracted from critical loan documents matches loan data in Mortgage Builder.

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

SimpleNexus Taps Board Member Cathleen Schreiner Gates as Company President

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the appointment of Board Member Cathleen Schreiner Gates as company president.

Schreiner Gates is a career technologist who for the last 35 years has played a prominent role helping early-stage and global software organizations drive growth. Schreiner Gates began her engagement with SimpleNexus in April 2020 when she was appointed to the board of directors. Previously, she served as EVP of sales and marketing at cloud-based mortgage technology provider Ellie Mae. During her tenure, Ellie Mae spent six consecutive years on the Deloitte Technology Fast 500 and negotiated a $3.7-billion purchase by private-equity firm Thoma Bravo. Schreiner Gates is founder and CEO of independent consulting firm Trifecta.

"Cathleen's wealth of experience successfully scaling innovative software companies to new heights makes her an invaluable addition to the SimpleNexus senior leadership team," said SimpleNexus Founder and CEO Matt Hansen. "She will play an important role helping us deliver increased value to our customers and expanding SimpleNexus' market footprint."

"Helping emerging companies grow into their full potential has been a career-long passion of mine. I am thrilled to join SimpleNexus as president, because I truly believe the company's vision is one whose time has come," said Schreiner Gates. "I look forward to helping SimpleNexus transform the mortgage technology landscape with its innovative, from-anywhere digital mortgage platform."

Schreiner Gates' accomplishments in the mortgage industry have been recognized by NEXT Mortgage Events, which named her a Powerhouse award honoree, by HousingWire magazine, which honored her with its Vanguard and Women of Influence awards, and by Mortgage Professional America, which named her an Elite Woman in Mortgage. She has also been recognized by the Sales Lead Management Association as one of '20 Women Leaders in Business.'

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, real estate agents and settlement service providers 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.

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

Twitter: @SimpleNexus #digitalmortgage

*PHOTO link for media: https://www.depthpr.com/media/simplenexus/

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the appointment of Board Member Cathleen Schreiner Gates as company president.

Related link: https://simplenexus.com/

Blue Sage and FormFree Partner to Streamline Lending Process with AccountChek Automated Asset Verification Integration

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced the availability of its AccountChek(R) automated asset verification service within Blue Sage's cloud-based digital mortgage lending platform. The integration makes it possible for borrowers to verify assets with AccountChek through the Blue Sage Borrower Portal and for loan originators to order reports through the Blue Sage Loan Officer Portal and Retail LOS.

FormFree's AccountChek verification service makes it easy for consumers to demonstrate their ability to repay mortgage loans by electronically fetching bank statements and other asset documentation. Faster and more secure than exchanging paper documents, AccountChek's patented technology improves the borrower experience and reduces loan processing and underwriting times for lenders.

Blue Sage has made AccountChek available through its Borrower Portal, Loan Officer Portal and Retail LOS to enable automated asset verification at various stages in the lending process. Consumers can quickly verify assets as they apply for a loan using the Blue Sage Borrower Portal. Loan officers can email borrowers a link to verify their assets and submit report orders through the Blue Sage Loan Officer Portal and Retail LOS.

"AccountChek gives borrowers a secure and modern way to submit asset data to mortgage lenders," said FormFree CEO Brent Chandler. "We are proud to partner with Blue Sage to give the same secure and modern experience to loan officers initiating the asset verification process."

"Offering automated asset verification to consumers at the point of application expedites approval with little to no intervention from the LO, processor or underwriter," said COO of Blue Sage David Aach. "Combined with Blue Sage's bidirectional integrations with Fannie Mae Desktop Underwriter(R), Freddie Mac Loan Product Advisor(R) and automated underwriting systems (AUS), our platform is able to optimize the financial decisioning process for mortgage lenders."

About Blue Sage:

Blue Sage is an innovative, cloud-based digital lending platform for retail, wholesale and correspondent lenders that provides a superior lending experience for every borrower. The company's technology is 100% browser-based and provides end-to-end functionality for the entire lending and fulfillment process, regardless of channel. Blue Sage also includes an LO Mobile Office application and all products are delivered through a secure, fully managed dedicated cloud model. The company's technology was developed over the past four years by the founders of Palisades Technology Partners, developers of Impact, the first end-to-end web-based loan platform which was used by five of the 10 largest U.S. originators. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more information, visit https://bluesageusa.com/.

About FormFree:

FormFree is a market-leading fintech company whose revolutionary products AccountChek and Passport 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).

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

Twitter: @RealFormFree @BlueSageUSA #incomeverification #fintech

*LOGO link for media: https://www.Send2Press.com/300dpi/17-0926s2p-formfree-300dpi.jpg

FormFree today announced the availability of its AccountChek automated asset verification service within Blue Sage's cloud-based digital mortgage lending platform. The integration makes it possible for borrowers to verify assets with AccountChek through the Blue Sage Borrower Portal.

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