Tag Archives: FinTech

Reaching New Heights: Aclaro adds AI Loan Repayment Risk Management Product to its Relationship-Building Tech Solutions

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider and developer of Artificial Intelligence and Blockchain-based technology solutions, announces the launch of their newest Fintech App in conjunction with the opening of a new office in San Francisco, California.

The Aclaro Loan Repayment Risk Artificial Intelligence (AI) System was developed to predict the probability of payment default of a subprime loan and was officially released on December 10, 2018. The increase in demand for artificial intelligence/actionable solutions is transforming many facets of the day-to-day business and consumer activities and processes. Aclaro is at the forefront of helping the lending industry shift gears in order to adapt to these trends.

"Aclaro has provided us a lucid and a deeper understanding of the risks associated with our loan portfolio. The Aclaro Loan Repayment Risk System allows us to look at repayment risk on a daily basis. We now have the accuracy needed to make decisions based on timely facts and identify risks faster. Looking at risks such as loans that have a 90% of default with a 90%+ confidence level on a daily basis is a game changer for us and the industry!" said Ben Stefanovski, President of Tracir Financial Services.

Today's top companies are remaining profitable by finding new and innovative methods of optimizing their most valuable asset: Data. Aclaro Risk Management uses machine learning algorithms to analyze a lender's loan portfolio. The risk management system optimizes Artificial Intelligence and Big Data in order to calculate a risk score for each borrower in the portfolio. Key components include a full Web based Business Intelligence Front End solution and subsecond decisioning of an active loan.

It's based on a combination of 100+ individual variables associated with borrower, loan terms, insurance coverage, employment, and vehicle data, but Aclaro never utilizes information such as name, income, social security numbers or credit scores from a Credit Bureau in any of its processes.

Aclaro allows businesses to maximize their goldmine of customer data to make smarter decisions. It specifically helps lenders determine which borrowers are at risk of default.

"With the launch of this new risk management solution, Aclaro is disrupting the status quo of the market by providing lenders the high-level technological tools they need to compete in today's modern marketplace," said Farshad Fatouhi PhD, CTO of Aclaro, Inc.

Carlos Galarce, CEO of Aclaro added: "We're excited about adding this product to our 'Know Your Customer' Relationship Building Solutions Portfolio, and the opening of our third office in the San Francisco Bay area to keep up with the growing demand in the Fintech industry."

About Aclaro:

Based in Miami, Florida, Aclaro specializes in providing small and medium-sized businesses with Blockchain and Artificial Intelligence Technology. With these tools, companies can better optimize their customer experience, make better decisions, and make improvements in efficiency and cost savings.

Visit aclaro.io to learn more about the company and their innovative business solutions. If you would like to see their products in use, contact the sales team at +1-833-2ACLARO or visit: https://hubs.ly/H0fSK9G0

Aclaro, Inc., 78 SW 7th St., Suite 500, Miami, FL 33130, USA. Web: https://aclaro.io/

VIDEO (Vimeo):
https://vimeo.com/305801201

Aclaro, the leading provider and developer of Artificial Intelligence and Blockchain-based technology solutions, announces the launch of their newest Fintech App in conjunction with the opening of a new office in San Francisco, California.

Related link: https://aclaro.io/

MCT to Unveil its MSRlive! Platform that Accurately, Easily and Quickly Values Servicing Portfolios

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced the upcoming launch of MSRlive!, a powerful web-based platform designed to effectively support lenders' efforts to build, maintain and optimize their servicing portfolios. The solution will be officially released at the IMN's first annual Residential Mortgage Servicing Rights Forum in Los Angeles on November 5. Interested parties can join an upcoming MSRlive! webinar that will be held on November 15 for additional information.

MSRlive! delivers highly accurate pricing for servicing portfolio valuations by automatically evaluating scenarios using more than 400 different factors that are fully customizable based on lender preferences. It was designed to be straightforward and easy to learn, simple to run (without the help of IT) and provide robust analysis. Detailed reports are also easily created, establishing the best possible servicing model for lenders' specific business needs. Users are able to effectively forecast and manage their portfolios, predicting the impact of market shifts.

"We developed MSRlive! to put our clients in the driver's seat to value their servicing portfolios and run customizable future market scenarios," stated Phil Laren, Director of MSR Services at MCT. "Using a sophisticated model and technology platform, we are able to drastically increase the speed and accuracy of MSR portfolio valuations. MSRlive! is the mortgage industry's most detailed and accurate servicing portfolio valuation solution on the market."

MSRlive! is supported by an experienced team of MCT specialists that are dedicated solely to its MSR Services Division. MCT's MSR experts work with clients to define and understand all base assumptions; clients have the ability to easily upload their data and run at their discretion; users are able to create various sets of reports that are easily generated (e.g. cash flow forecasting, accounting, portfolio analysis, etc.); and the results can then be viewed to make intelligent, actionable decisions that mitigate risk. Servicing portfolios are analyzed and valued at over 30 loans per second in great detail - and with unmatched accuracy.

Key MSRlive! Features:
* Over 400 inputs establishes unparalleled accuracy plus the ability to edit them
* Cash flow analysis to help clients effectively evaluate future cash flow
* Standard reporting features use daily market rates and make it easy to edit most frequent inputs
* Grid pricing can be integrated with most pricing engines and can be updated as often as needed
* Rate shock analysis of 200 basis points in either direction prepares clients for unseen market changes

MCT's MSR Services Division also offers additional services that include portfolio valuation reports, enhanced retain-release extension, MSR strategy consulting, custom MSR Grids, and MSR hedging and brokerage services.

To learn more, register for the upcoming MSRlive! webinar on November 15, 2018 at 11 a.m. PST: https://mct-trading.com/msrlive-coming-soon-webinar/

MCT will also be available to answer questions regarding MSRlive! at the IMN's Residential Mortgage Servicing Rights Forum in Los Angeles on November 5 - 6. In addition, MCT's Phil Laren will be speaking on a panel on Monday, November 5 at 4:40 p.m. entitled "The Pre-Hedging Decisions For Origination Hedgers."

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.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced the upcoming launch of MSRlive!, a powerful web-based platform designed to effectively support lenders' efforts to build, maintain and optimize their servicing portfolios.

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

OpenClose Launches RESTful API Suite, Expanding Connectivity to Third Party Applications and Services

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems. The extensibility, scalability and security of the API suite ultimately reduces the cost to originate loans and establishes rich connectivity options to drive communications, processes and workflows.

"One of OpenClose's core goals is to create more efficient methods for our customers to conduct business, respond to changing market conditions and reduce the total cost to originate, close and sell loans," stated JP Kelly, president of OpenClose. "As our customers' business models evolve, new needs and requirements emerge that require flexibility and nimbleness to respond to changing marketplace conditions. Our RESTful API suite gives lenders the option to work with more third party service providers.

Additionally, OpenClose customers can connect their own homegrown solutions or work with other software providers to custom tailor the perfect solution for their needs."

OpenClose's RESTful API suite has been developed with a standardized methodology to enable implementation of direct integrations, seamless data exchange and execution of transactions. It creates simplicity, reliability, extensibility and better performance in totality. In addition, less maintenance is required and thus costs are lowered.

The API suite makes it quicker, simpler and more cost effective to integrate with disparate technologies, some of which are third party applications that are antiquated and previously required arduous and labor intensive development efforts.

OpenClose reports that its customers are already reaping the benefits of the RESTful API suite, successfully unifying their business-to-business data exchange and communications.

The company will be holding discussions at the Mortgage Bankers Annual Convention & Expo in its booth #700 from Oct. 14 - 16 at the Walter E. Washington Convention Center in Washington, D.C. Contact the company to meet at the conference: sales@openclose.com.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective.

OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems.

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

FinKube, Plaid Offer Webinar on Digital Lending

DALLAS, Texas /ScoopCloud/ -- FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that the company will offer a free webinar featuring Plaid Inc. - a financial technology platform that powers modern, digital financial services.

The free webinar on Thursday, October 18, 2018 at 2 p.m. ET will provide tips and best practices to help loan originators adopt financial technology (fintech) at the point-of-sale to attract borrowers and offer fast pre-qualifications.

"Speed is critically important to today's borrowers, and lenders that respond quickly and then pre-qualify quickly will win more business," said Jorge Sauri, founder and CEO of FinKube. "Our point-of-sale technology was designed to allow lenders to use the best tools available to win more business. Plaid is an excellent example of a company that is using fintech to speed up the loan process. In this webinar, we'll find out how every lender, regardless of size, can harness this power and deliver this speed."

Plaid's suite of products streamlines account authentication and drives efficiencies throughout the lending process. When using Plaid's digital asset verification product at the point-of-sale, loan originators can boost application completion rates and reduce time to close. Additionally, Plaid is a Day 1 Certainty(tm) asset verification report supplier for Fannie Mae Desktop Underwriter(r), which offers peace of mind to lenders by providing rep and warrant relief on verified loan components. Fannie Mae has seen loans with assets validated through the DU validation service close 17 percent faster on average.

FinKube is the creator of ELSA, which stands for Electronic Loan Services Assistant. ELSA is the financial services industry's first AI assistant that uses machine learning to enhance the loan process from origination to close. ELSA can gather borrower information, render decisions, automate time-consuming tasks, and help lenders produce fully compliant mortgage loans in as few as 20 days.

Learn more about ELSA at: https://finkube.com/product/elsa-mortgage-software/.

To register for the free webinar, visit the website: http://bit.ly/2xSUFlg

About Plaid:

Plaid is a financial technology platform that enables applications to connect with users' bank accounts. Headquartered in San Francisco, Calif., Plaid focuses on lowering the barriers to entry in financial services by making it easier and safer to use financial data. The team builds beautiful consumer experiences, user-friendly infrastructure, and intelligence tools that give everyone the ability to develop the future of financial services. For more information, visit https://plaid.com.

About FinKube:

FinKube with ELSA (E-Loan Support Assistance) is a human in the loop automation (IA) cloud lending platform that makes offering the digital mortgage experience easy. Adaptive technology with the only AI-powered cognitive, industry-specific chatbot all built on a private cloud infrastructure gives lenders affordable access to industry-leading tools that allow them to compete with the nation's largest lenders. ELSA learns and adjusts to any origination model, chats with consumers to gather information and provide services, and provides lenders with the industry's most flexible solution to meet their own lending needs. In short, FinKube offers Adaptive technology with the Cognitive functionality required to take lenders Digital.

For more information, visit the company's website at https://finkube.com/.

FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that the company will offer a free webinar featuring Plaid Inc. - a financial technology platform that powers modern, digital financial services.

Related link: https://finkube.com/

Mortgage Capital Trading Adds Multi-Factor Authentication to its MCTlive! Secondary Marketing Software

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user's identity for logins and transactions.

"We live in an era where security sensitivities and breaches are increasingly common occurrences within organizations and their technology stacks," says Phil Rasori, COO at MCT. "In order to most effectively protect our clients, their data and transactions, we felt that it was a prudent time to implement MFA into our MCTlive! secondary marketing software as a logical safeguard in order to maintain high levels of security."

MCT's new MFA technology uses Google Authenticator for MCTlive! security where the user must not only log into the platform with their credentials, but also receive a unique code from their mobile device that expires after 30 seconds. In addition, MCTlive! password requisites have been strengthened.

MFA can be configured for particular MCTlive! users to be multi-factor, or for others to have simpler, quicker password access. MCT puts the ease of internal controls in the hands of the lender when it comes to user log on and security, which is very granular. In addition, detailed reporting can be easily produced at any time which timestamps each user's log in attempts and security methods used.

"The security of our borrowers' information is paramount for First Bank, particularly with data breaches seeming to become more and more common," stated Andrew Stringer, Director of Secondary/Capital Markets at First Bank, an MCT client. "Multi-factor authentication in MCTlive! adds an additional layer of protection that not only gives me peace of mind knowing our data is protected, but also demonstrates proactive ways our secondary department is mitigating risk for the bank."

Multi-factor authentication is the latest addition in MCT's ongoing effort to lead the secondary mortgage market toward stronger data security. In July of 2017, MCT launched its Bid Auction Manager (BAM) technology to migrate sensitive borrower data contained in bid tapes off of email to a secure platform. By October 2017, BAM had achieved 100 percent adoption among the investor community and was awarded PROGRESS in Lending Association's 2018 Innovation Award in April.

Lenders interested in improving data security with MCTlive! and BAM should schedule a consultation via screenshare or in-person at the MBA's Annual Convention & Expo in Washington, DC.

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.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user's identity for logins and transactions.

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

DocMagic and NotaryCam Integrate to Eliminate Reliance on In-Person Notarizations for Paperless eClosings

NEWPORT BEACH, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and NotaryCam(R), the leader in online notarization solutions, announced an integration that eliminates the need to wet-sign loan documents in the physical presence of a notary by allowing loan documents to be quickly and compliantly eNotarized online.

The integration works inside Total eClose(TM), DocMagic's comprehensive end-to-end eClosing solution. It allows customers to initiate eNotarizations using NotaryCam's remote service with just a few clicks, thus extending the convenience of a fully online eClosing experience through notarization - the final step in loan closing - without any hard stops or papering out.

"More and more states are permitting remote online notarization and as they do, we can expect to see consumer demand and expectation for remote eNotarizations to grow," said Dominic Iannitti, president and CEO of DocMagic. "This integration allows DocMagic customers to meet consumer demand without any delays, which is a big part of our value proposition for all DocMagic products."

The Mortgage Bankers Association has been collaborating with the American Land Title Association (ALTA) to prepare model legislation that would provide a framework for any state to adopt remote online notarization processes.

"Mortgage eClosings have progressed incrementally, and both DocMagic and NotaryCam have been pioneers and champions in the adoption the industry has achieved-so this integration is a natural fit," said Rick Triola, founder and CEO of NotaryCam. "Our companies are very similar in what we deliver: the industry's most flexible and customer-friendly experiences, backed by unfaltering accuracy, data integrity and compliance. We are looking forward to moving the industry forward, together."

Prior to the addition of NotaryCam, DocMagic's Total eClose solution supported eNotarizations by leveraging in-person notaries equipped with electronic notary signing technology, which it will continue to offer in addition to remote online notarizations, where permitted. Both DocMagic and NotaryCam are approved eMortgage technology vendors with the GSEs, having passed an extensive approval process.

About NotaryCam:

NotaryCam is the leader in online notarization and mortgage eClosing solutions. After pioneering the world's first entirely online mortgage closing in 2012, career real estate executive Rick Triola founded NotaryCam in 2014. NotaryCam has since helped hundreds of thousands of customers get documents notarized online from anywhere in the world while maintaining the industry's highest customer satisfaction rating. NotaryCam's patented eClose360 platform facilitates 100%-online mortgage closings and provides unparalleled identity verification, security and customer convenience. Visit https://www.notarycam.com for additional information or to get a document notarized today.

About DocMagic:

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

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and NotaryCam(R), the leader in online notarization solutions, announced an integration that eliminates the need to wet-sign loan documents in the physical presence of a notary by allowing loan documents to be quickly and compliantly eNotarized online.

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

IDS Completes TRID 2.0 Updates to Mortgage Document Preparation Platform

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed modifications to its flagship mortgage document preparation platform idsDoc related to TRID 2.0.

The changes, which went live in idsDoc earlier this month, include updates to the rounding and truncation of percentages, Loan Estimate (LE) Estimated Cost Expiration date inputs, the availability of Alternative LE/Closing Disclosure (CD) forms for simultaneous subordinate financing, disclosure of seller paid fees and principal reductions, and data entry for the Summary of Transactions and Liabilities and Payoffs. In addition, TRID 2.0-related updates were also made to the LE/CD and Totals pages within idsDoc, as well as the 1003 and Construction Lending sections.

"While the next iteration of TRID doesn't represent quite the sea change that the October 2015 rule did, there are still quite a few elements in TRID 2.0 that will change how lenders operate day-to-day, and we feel confident that the modifications we've made to idsDoc will help smooth our clients' transition to TRID 2.0," said IDS Vice President and General Manager Mark Mackey. "If they have not already done so, we highly encourage our clients to make themselves familiar not only with the amendments to the TRID rule, but also the corresponding changes with idsDoc prior to October 1 to ensure a successful implementation."

In addition to the document-related changes outlined above, TRID 2.0 also closes the "black hole" created by the initial version of the rule, thus allowing lenders, in certain instances, to reissue a CD to reset tolerances after the original CD was issued.

"With TRID 2.0, the Consumer Financial Protection Bureau has offered some much-needed clarity on the issue of under what circumstances lenders can re-issue the CD without penalty," Mackey added. "This, along with the other rule clarifications contained in TRID 2.0, should give lenders greater certainty that they are operating within both the letter and spirit of the regulation."

IDS clients can find additional information on TRID 2.0, including webinar recordings and other documentation, under the "Resources" tab in idsDoc. Non-IDS clients wishing to gain access to these materials should contact can contact marketing@idsdoc.com.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, 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 regards to major industry compliance changes. (https://info.idsdoc.com/)

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed modifications to its flagship mortgage document preparation platform idsDoc related to TRID 2.0. Updates were also made to the LE/CD and Totals pages within idsDoc, as well as the 1003 and Construction Lending sections.

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

FormFree unveils NextGen at Digital Mortgage conference in Las Vegas

LAS VEGAS, Nev. /ScoopCloud/ -- FormFree(R) today announced the release of NextGen, a new platform that builds on the company's award-winning AccountChek(R) service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers' ability to pay loans.

New features of NextGen include:
* A fully customizable API-enabled environment that enables a revolutionary asset retrieval experience for borrowers and loan teams

* Advanced income and employment analytics that combine borrower asset data with other data points to increase confidence in borrower ability-to-pay conclusions

* PDF bank statements to satisfy FHA and non-QM loan documentation requirements.

FormFree also announced the introduction of a custom workflow designed to serve mortgage brokers and wholesale lenders, a segment of the mortgage market that has historically been underserved by digital mortgage technology.

"FormFree has always been the leader in the first-mortgage retail space," said Brian Francis, chief technology officer for FormFree. "Now, with the capabilities of our NextGen platform, we're proud to deliver a tailored experience for the entire wholesale channel, from the mortgage broker to the wholesale lender all the way up to the secondary market."

FormFree integrates with over 100 mortgage technology platforms, including loan origination systems, point-of-sale platforms and collaboration portals. Fannie Mae chose FormFree as its first designated vendor for asset validation as part of Day 1 Certainty(tm), and FormFree is currently in pilot for Single Source Validation, an enhancement to Fannie Mae's DU validation service that will let lenders obtain asset, income and employment validation from one automated report.

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

About FormFree(R):

FormFree is a fintech company whose market-leading AccountChek(R) reports are used by hundreds of lenders nationwide to verify borrower assets, employment and income in minutes. With FormFree, lenders can delight customers with a paperless experience and reduce origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(tm). To date, AccountChek has securely placed more than one million asset reports for over 1,000 U.S. lenders. A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Athens, Georgia.

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

@FormFree #digmortgage18 #accountchek #day1certainty

FormFree(R) today announced the release of NextGen, a new platform that builds on the company's award-winning AccountChek(R) service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers' ability to pay loans.

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

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders' data validation task times by 50 percent or more.

"Most loans contain at least one data discrepancy that can negatively impact lenders' revenue through buybacks, delays, loss of investor confidence, and longer warehouse dwell times," said Phil McCall, president of ARMCO. "If lenders don't use a robust data validation technology, they can expect discrepancies that cost them tens or even hundreds of thousands of dollars in unnecessary expenses."

In a matter of moments, DataSure validates loan data for thousands of key data points within a lender's source system (i.e. loan origination system) by cross referencing those data points against data contained in loan documents. It then automatically communicates all corrected data fields back to the lender's source system. This assures data consistency and accuracy at each step of the loan process. DataSure also provides robust reporting capabilities, so lenders can identify the root causes of their data discrepancies and adjust their practices going forward.

Most lenders assign the task of data validation to their underwriting teams, who fulfill the process using the manual "stare-and-compare" method-a tedious, time consuming and error-prone process and one of the primary drivers behind the large number of discrepancies. In addition to increasing the risk of errors and inaccuracies, this method allocates underwriters-one of lenders' highest paid and most skilled human resources-to an activity that can be accomplished much faster, more accurately and more economically with technology.

"The best way to protect current profits and future longevity is to be proactive about loan quality," said McCall. "DataSure is one more ARMCO tool that the mortgage community can use to drive the health and growth of their businesses."

About ARMCO:

ARMCO - ACES Risk Management has served the finance industry with risk management software for over 25 years and is the recognized authority on mortgage risk. Today, in addition to an array of loan quality enterprise software, services, data and analytics, the company also provides the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. ARMCO provides its clients with insights based on decades of risk analysis intel, so they always have the fastest, most reliable, most efficient means for preventing risk-related loss, and creating effective risk strategies going forward.

The company's flagship product, ACES Audit Technology(TM), can be used at any point in the mortgage lifecycle, and is so user-definable, its capabilities extend outside of origination and servicing, into a wide range of risk-prone audit-able business operations.

For more information, visit http://www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders' data validation task times by 50 percent or more.

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

Maxwell Advances Mortgage Experience with the Release of Maxwell ApplyID – The Next Generation Loan Application and Enrichment API

DENVER, Colo. /ScoopCloud/ -- Digital mortgage leader Maxwell today announced the release of Maxwell ApplyID(TM), its next generation mortgage loan application and data enrichment API. The new release will enable clients - from brokers to national mortgage lenders - to pre-populate loan application data and develop new customer intelligence capabilities.

The Maxwell ApplyID API unifies a consumer's data fragments from a host of sources into a structured loan application, enabling data-driven organizations to quickly build profiles of their customers. By collecting their consent and verifying the consumer's identity with their mobile carrier, Maxwell ApplyID gathers the borrower's information from its network of data providers to pre-populate fields in a loan application including personal information, employment history, income, real estate owned, financial assets and more. With this new API, clients receive a completed Fannie Mae 3.2 file with minimal input from a consumer.

Along with the release of the ApplyID API, Maxwell's next generation loan application is the first consumer-facing experience built on the API. This new experience enables lenders of all sizes to dramatically streamline the lengthy loan application process by leveraging the API's intelligent data-collecting technology. ApplyID completely transforms the loan application experience, shortening what was once an arduous form into a small number of simple questions.

"We are committed to looking for every opportunity to minimize the complexity and friction in the mortgage process," said Maxwell CEO John Paasonen. "Maxwell ApplyID accomplishes this by dramatically simplifying the application process, reducing the time it takes a borrower to begin a relationship with their lender. Furthermore, as an API, it fully enables data-driven organizations to optimize their businesses and processes in a new way."

Recently named a winner of HW's Tech 100 for the second straight year, on the heels of receiving Progress in Lending's Innovation Award, Maxwell leverages proprietary algorithms built on its network of data aggregated across loans to enable lenders to accelerate the mortgage lending process from application to underwriting. Today, hundreds of lenders across the United States use Maxwell to close loans more than 45 percent faster than the national average.

About Maxwell:

Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders, banks and community lenders nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and The Mortgage Collaborative and is proud to be built in Denver, Colorado.

Connect with Maxwell:
- https://www.himaxwell.com
- https://www.facebook.com/maxwellHQ
- https://twitter.com/ilovemaxwell

Digital mortgage leader Maxwell today announced the release of Maxwell ApplyID(TM), its next generation mortgage loan application and data enrichment API. The new release will enable clients - from brokers to national mortgage lenders - to pre-populate loan application data and develop new customer intelligence capabilities.

Related link: https://himaxwell.com/

Prevail Reinsurance System selected by Tower Insurance as the leading edge technology solution to automate reinsurance administration

STAMFORD, Conn. /ScoopCloud/ -- Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Tower Insurance to license the Prevail Reinsurance System (PRS) to support Tower's reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation and professional services.

"The Prevail Reinsurance System will allow us to automate and streamline a number of complex manual processes and tasks," says Jeff Wright, Chief Financial Officer, Tower Insurance. "Partnering with Prevail gives us access to leading edge technology that will help simplify and improve all aspects of how we manage our reinsurance program," he says. "It is one of the many changes that are driving our transformation into a company that challenges the traditional insurance market."

"We are honored to have been entrusted by Tower Insurance, as the provider of their reinsurance processing solution," said Nat Curiale, Principal and Global Operations Manager, Prevail Consulting. "We are committed to the success of this partnership and implementing PRS in support of Tower's reinsurance strategy and broader transformation agenda."

The Prevail Reinsurance System (PRS) fully automates the management of reinsurance data for insurance and reinsurance companies. It accepts premium and loss data from external systems, calculates ceded data, creates payables and receivables and statutory reports, and then returns this data to the original systems.

Built on state-of-the-art web technology, it can be accessed from anywhere in the world. It is a robust rules-based, table-driven product which provides immediate savings by significantly increasing efficiency, improving information access and reducing total cost of ownership.

About Tower:

Tower Insurance is undergoing a significant transformation, turning a 149 year old Kiwi company into one that challenges insurance industry norms and offers customers a genuine and different choice for insurance. For more information please refer to their website: https://www.tower.co.nz.

About Prevail:

Founded in 2000, Prevail Consulting, Inc. provides reliable and innovative technology services exclusively to the insurance industry. Prevail is clearly recognized by its clients for business expertise, commitment, and ability to deliver quality work products in a cost-effective manner.

In addition to the Prevail Reinsurance System (PRS), Prevail provides superior IT Consulting Services, on-site, off-site and off-shore, including application development, business analysis, data migration and integration, and insurance technology assessments. Prevail draws additional capability and flexibility from its subsidiary in India to support Prevail's U.S. based operations.

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

For more information, contact Dave Morales at: (203) 972-7449; or email: dmorales@prevailconsulting.com.

Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Tower Insurance to license the Prevail Reinsurance System (PRS) to support Tower's reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation and professional services.

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

ReverseVision Expands Support for Proprietary Reverse Mortgage Products

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it is offering a combination of enhanced software functionality and professional services to help mortgage lenders launch proprietary reverse mortgage products.

ReverseVision's release of enhanced proprietary product support comes in response to an uptick in lender interest in proprietary reverse products following last October's changes to the HECM program by the U.S. Department of Housing and Urban Development (HUD).

"In the current market, well over nine out of 10 reverse mortgages are HUD-insured HECMs, which leaves a lot of room for growth in proprietary products," said Wendy Peel, vice president of sales and marketing at ReverseVision. "After several consecutive years of responding to HECM program changes, lenders are eager for an opportunity to stabilize their operations and fill borrower needs not addressed by the HECM program. The double-digit growth we're currently witnessing in the proprietary products niche of senior lending closely resembles the trajectory of non-QM lending in the traditional mortgage space."

ReverseVision says innovative lenders are reinvigorating their reverse mortgage businesses by developing counterparts to forward proprietary loan programs that target gaps in the market. For instance, though HECMs allow senior homeowners to tap into their home equity wealth at very low cost over the long term, upfront fees can be prohibitive - especially since October 2017 regulatory changes. Proprietary reverse mortgages can help seniors secure a reverse mortgage loan with lower upfront costs.

Proprietary reverse mortgages can expand access to home equity for seniors with home values much greater than the HECM maximum claim amount of $679,650. Proprietary products also have more flexibility for condominiums than HECMs and provide opportunities to lend to borrowers younger than HECM's minimum age of 62. Designers of proprietary reverse mortgages have even begun adding options like monthly term payments to their products.

"We've designed our system for flexibility so that we can configure almost any proprietary product without a major software release," said Jeff Birdsell, vice president of professional services at ReverseVision.

The lender process for submitting a new proprietary product to ReverseVision is simple. Once a lender has designed a proprietary product and its accompanying document package, the lender need only submit a completed proprietary products questionnaire to ReverseVision to initiate the setup.

Once the proprietary product and associated documents have been configured within ReverseVision's flagship RV Exchange (RVX) loan origination system - a process that takes an average of eight to ten weeks, soup to nuts - lenders gain full transparency into the product setup and can even change certain settings, such as product names and lender margins, at will. A support staff that specializes in assisting lenders with proprietary products is available to perform more complex adjustments and answer customer inquiries.

"Pioneering proprietary products have the potential to elevate reverse mortgages beyond the complexities, caps and limitations of HUD's HECM program," said Birdsell. "They'll also create some stability in the industry where sudden government changes to the HECM program have sent reverse lenders into emergency response mode. These new products could also drive loan production by competing more directly with traditional loans and serving a broader range of customer needs."

If you are interested in creating a proprietary product, please contact ReverseVision at proservices@reversevision.com.

About ReverseVision:

ReverseVision, Inc. is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more HECM transactions than all other systems combined. The company's comprehensive product suite also includes HECM sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its HECM technology to brokers, correspondents, lenders and investors.

A three-time HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance HECM lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' HECM volume, workflow efficiency and data analysis capabilities.

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

Twitter: @ReverseVision #reversemortgage #proprietaryloans

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it is offering a combination of enhanced software functionality and professional services to help mortgage lenders launch proprietary reverse mortgage products.

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

MCT’s Bid Auction Manager (BAM) Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT's Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

A first of its kind technology, the solution adds significant value to lenders and investors and establishes newfound efficiencies for bid tape AOT executions. Company officials at MCT say that the bid-tape AOT execution is poised to gain rapid adoption and will likely account for a substantial portion of lenders' agency commitments to correspondent investors. MCT collaborated with Wells Fargo to streamline the process of executing the Tri-Party Agreement, which leverages secure eSignature technology that is legally binding and enforceable.

After beta testing bid tape AOT with select sellers starting in early 2018, MCT rolled out support across their award-winning software, MCTlive!, in May. Bid tape AOT allows lenders to achieve bid tape pricing with the cash benefits of assigning the trade and has been welcomed with excitement from MCT lender clients. One of the final hurdles in the AOT process was the requirement of lender, investor, and broker dealer to each sign and return an agreement pertaining to every assignment. This process has now been completely digitized and streamlined.

"Historically, the manual execution of the Tri-Party Agreement has made the process of AOT extremely inefficient, as the form generally had to be printed out, wet-signed, scanned, stored, and in some cases was required to be sent via fax machine," stated Phil Rasori, COO at MCT. "BAM fully automates the old Tri-Party Agreement process by easily and quickly allowing parties to generate, eSign, and securely deliver them to investors, all with the simple click of a button. Automation and digitization of this process using BAM is going to become a game-changer for the entire secondary market."

Although the availability of bid tape AOT executions is currently limited, MCT expects the popularity of this delivery option to steadily increase. As more investors roll out bid tape AOT programs, the automated tri-party functionality will be integrated accordingly.

This automation is the latest development in a steady series of BAM features which help lenders improve their loan sale process and margins through best execution. BAM was officially unveiled in early 2017, achieved 100 percent adoption within the investor community a few months later, and earlier this year received PROGRESS in Lending Association's 'Innovation Award' for mortgage technology. Lenders using BAM consistently report time savings of over two hours for every loan sale using BAM compared to their previous process, and experience surprising pickup in some cases due to bidding with an expanded investor set.

Lenders interested in BAM or automating their AOT Tri-Party Agreement should reach out to schedule a consultation.

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.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT's Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

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

NotaryCam Applauds Treasury Recommendations to Remove Barriers to Remote Online Notarization and ‘Fully Digital Mortgage’

NEWPORT BEACH, Calif. /ScoopCloud/ -- Rick Triola, founder and CEO of the industry's most popular remote online notarization solution, NotaryCam, calls the Department of Treasury's recommendations in its July 31 report to the President: A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation "a cure to the persistent drags on real estate transactions that have prevented the consumer from experiencing the benefits now possible with digital technologies."

Specifically Triola cites the positive impact of recommendations in the report's section Electronic Closing and Recording (p. 107 - 110), in advancing the industry's adoption of remote online notarization:

Treasury recommends that states yet to authorize electronic and remote online notarization pursue legislation to explicitly permit the application of this technology and the interstate recognition of remotely notarized documents. Treasury recommends that states align laws and regulations to further standardize notarization practices. Treasury further recommends that Congress consider legislation to provide a minimum uniform national standard for electronic and remote online notarizations. Such legislation would facilitate, but not require, this component of a fully digital mortgage process and would provide a greater degree of legal certainty across the country.

"The key phrase here is 'legal certainty,' which, if achieved, knocks down any barriers for a lender or a title company or other industry participant to offer the convenience and security of doing these transactions online," Triola said. "Consumers are asking for this. Consumers are tech savvy and they want the convenience of tech-enabled financial transactions."

"In my opinion, the biggest problem with technology innovation in our industry is that it never gets to the end user because so many barriers to adoption are created. Consumers don't even know the technology exists to allow remote online notarization that they can complete from anywhere, at any time. This option should be available to any consumer who wants it.

"It allows the lenders and the title companies to move forward and to offer this convenience to all stakeholders including the end user. And that's exciting," he said.

Triola also sees promise for the industry's drive to a more fully digital mortgage transaction, citing the following from the report:

"Getting to a full complete electronic real estate mortgage transaction has been an achievable goal for years, but the laws were not on the books that allowed for this to happen," Triola said.

While the Treasury's recommendations are a great and necessary start, encouraging all states to get on board, Triola thinks national legislation will be needed.

"What is needed is to give title underwriters, lenders, and investors comfort that the e-transaction is not going to be challenged by a foreclosure judge or a bankruptcy judge. Those concerns hang out there now because there's no case law to solidify support for the current legislation in Virginia or Montana, for example.

"Obviously," Triola said, "they had extensive conversations with MBA and ALTA to understand the barriers for adoption and they've addressed them, so it's very exciting."

A pioneer of electronic and remote online notarizations, NotaryCam brings individuals and businesses together from anywhere in the world to securely sign and notarize documents in the virtual presence of a licensed notary public. To date, NotaryCam has completed more than 100,000 remote online notarizations. The company holds the industry's highest Net Promoter Score and a customer satisfaction rating of 99.8 percent.

NotaryCam's virtual signing room supports the signing and notarization of all real estate closing documents and enables title agents and notary signing agents to organize, review, deliver and securely return recorded loan documents to lenders.

About NotaryCam:

NotaryCam is the pioneering leader in online notarization and mortgage closing solutions. NotaryCam has helped over 100,000 customers get documents notarized online from anywhere in the world and maintains the industry's highest customer satisfaction rating. NotaryCam's patented eClose360 platform helps mortgage and settlement partners facilitate 100%-online mortgage closings while providing unparalleled identity verification, security and customer convenience.

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

Rick Triola, founder and CEO of the industry's most popular remote online notarization solution, NotaryCam, calls the Department of Treasury's recommendations in its July 31 report to the President: A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation "a cure to the persistent drags on real estate transactions that have prevented the consumer from experiencing the benefits now possible with digital technologies."

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

Introducing Aclaro TrueView: The Fintech Solution Set to Revolutionize Lending Risk Analysis

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider in blockchain-based open platform solutions, recently released its latest A.I. solution. The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending decisions.

Aclaro TrueView is based on technology found in Aclaro's previous Know Your Patient (KYP) healthcare app. With this Artificial Intelligence (AI) technology, lenders can now learn more about their prospects than ever before. When a prospect applies for a loan, TrueView takes an unbiased look at the entire financial history of the prospect along with patterns and behaviors that could affect their overall risk score.

With TrueView, lenders can follow the prospect's entire financial history, including their patterns of repayment, their existing loans, with a final risk assessment to provide the lender with the data they need to make a well-informed, data-backed decision.

Like all Aclaro tools, TrueView is backed by reliable blockchain technology that automatically detects changes in the data without altering the existing code, saving countless hours and troubleshooting efforts.

Aclaro TrueView is meant for Non Major Prime and Subprime Lenders that need to reduce their risk through better decision-making.

According to Chief Marketing Officer Melissa Tello, "Until now, making data-driven decisions has been a challenge without access to the readily available AI loan underwriting platform that major lenders currently use."

She adds, "There was an obvious need for innovation, and Aclaro TrueView is the solution that Non Major Prime and Subprime lenders have been waiting for to help manage Loan Underwriting and Repayment Risk."

About Aclaro:

Based in Miami, Florida, Aclaro specializes in providing small and medium-sized businesses with Blockchain and Artificial Intelligence Technology. With these tools, companies can better optimize their customer experience, make better decisions, and experience improvements in efficiency along with cost savings.

Visit aclaro.io to learn more about the company and their innovative business solutions. If you would like to see their products in use, contact the support team at +1-833-2ACLARO or visit: https://aclaro.io/.

Aclaro, the leading provider in blockchain-based open platform solutions, recently released its latest A.I. solution. The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending decisions.

Related link: https://aclaro.io/

Simplifile Signs 1800th County to Its E-recording Network, Platform Now Utilized by More Than Half of U.S. Recording Jurisdictions

PROVO, Utah /ScoopCloud/ -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Clallam County, Wash., is the 1800th jurisdiction to join Simplifile's e-recording network. With this addition, more than 50 percent of recording jurisdictions nationwide are now using Simplifile's e-recording platform to electronically exchange, process, and record real estate documents within minutes, making it the largest e-recording network in the nation.

"This is a tremendous milestone in Simplifile's deep history of e-recording. When we first began down this path 18 years ago, our goal was simply to bring transparency and efficiency to the document recording process," said Simplifile president, Paul Clifford. "Now, to have deployed our platform in more than half of the U.S. recording jurisdictions and to cover recording transaction for the vast majority of the population - it's beyond anything we could have ever anticipated, and we're deeply grateful to all our settlement and recording partners that have made this achievement possible."

As the 1800th member of Simplifile's e-recording network, Clallam County is among the latest recording jurisdictions to harness the benefits of e-recording within their day-to-day operations.

"Simplifile has been very helpful and supportive while we are just beginning. Their support staff has been awesome to work with, very friendly and helpful, and it is an honor and a pleasure to hold the distinction of being Simplifile's 1800th e-recording county," said Clallam County Recorder Tomi Elliott. "We had heard at a recording conference how easy e-recording was and that it cuts down on the amount of paperwork that passes through the office. We had been looking into getting started and thought we had to have the Treasurer's Office on board for the excise stamps but found out we could e-record all other documents."

"E-recording is a very quick and easy process for our customers, especially if a document needs correcting - no long waits while it is in transit using the mail," Elliott added. "The fact that we don't have to manually handle the paperwork and it gets returned right after it records benefits both us and our customers."

In addition to Clallam County, nine other jurisdictions in the Western half of the U.S. have joined Simplifile's e-recording network, including:

* Christian County, Ill.
* Macoupin County, Ill.
* Wells County, Ind.
* Grundy County, Mo.
* Billings County, N.D.
* Steele County, N.D.
* Haakon County, S.D.
* Oglala Lakota County, S.D.
* Lavaca County, Texas

To see a current list of all jurisdictions within the Simplifile e-recording network, visit https://simplifile.com/services/e-recording/e-recording-counties/.

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com/ or call 800.460.5657.

Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Clallam County, Wash., is the 1800th jurisdiction to join Simplifile's e-recording network.

Related link: https://simplifile.com/

OpenClose Launches DecisionAssist Mobile for Originators

SAN FRANCISCO, Calif. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company's proprietary web-based product and pricing engine (PPE).

Using DecisionAssist Mobile, originators are able to quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device. Retail originators, wholesale brokers and correspondent sellers can instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details. An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times and increased pull-through rates.

"As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator," said Gordon Frigaard, director of PPE technologies at OpenClose. "A common complaint we hear is that many mobile apps are difficult to work with and require too many data points to input. DecisionAssist Mobile, however, makes it quick and simple for salespeople to deliver borrowers detailed product and pricing answers while on the go."

OpenClose's DecisionAssist PPE is leveraged by direct lenders, investors and portfolio lenders. Of significance is that OpenClose is able to easily implement and maintain custom non-QM programs within DecisionAssist, instantly decision them, and provide immediate insight on salability of loans under agency or non-agency guidelines. The product can be used via OpenClose's LenderAssist(TM) LOS or as a standalone web-based solution. It also integrates seamlessly with DU(R) and LP(R) for full automated underwriting capability on agency products.

OpenClose employs a team of mortgage specialists who maintain an extensive library of up-to-date investor guidelines and pricing on a daily basis to ensure accurate decisioning results are returned. Custom non-agency programs are also fully configured and completely maintained by OpenClose for lending entities. In addition, custom rate creation can be automated for timely distribution to branches, originators, brokers and sellers.

OpenClose will be holding discussions regarding DecisionAssist Mobile, its LenderAssist multi-channel LOS, as well as the company's ancillary digital mortgage solutions on July 16 - 18 at the CMBA's 46th Annual Western Secondary Marketing Conference in San Francisco, California.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company's proprietary web-based product and pricing engine (PPE)

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

Aclaro to Bring the Power of Predictive Analytics to Lending Sector, Expands Operations in the US

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry. The new solution is Aclaro TrueView(TM). Aclaro aims to equip lenders with the innovative tools needed for competitive advantage with its tech savvy, blockchain based predictive analytics platform that can be utilized without incurring heavy costs.

Aclaro's goal is to serve the latest AI solutions to the loan sector for risk assessment both in the Underwriting front end and in the management of the risk repayment of the loan.

Know Your Customer (KYC), geofencing, data mining, big data, machine learning and predictive analysis are a few of the tools integrated in the Aclaro TrueView(TM) solution which can help accelerate underwriting, manage repayment risk, predict and prevent fraud.

With the announcement of the Aclaro TrueView(TM) product and in yet another big step in its growth, Aclaro is expanding its operations in the U.S. with the opening of a new office in New York at: 240 Water St. Brooklyn, NY 11201.

Many small and medium businesses (SMB's) in New York, especially those focused on lending, have been competing without the advantage of the leading edge data driven decisions and insights that are already available to larger corporations. A primary reason for this is the heavy costs associated with using data analytics platforms. With Aclaro's revolutionary predictive analytics, they can now gain business insights from their own business data.

"Today, data analytics is equivalent to hard money for all businesses, and Aclaro helps businesses owners get value from their data and maximize the potential for the business intelligence hidden within it," says Carlos Galarce, Founder & CEO, Aclaro. "With the Aclaro TrueView App we are creating tangible competitive advantage for lenders of all sizes. The app is currently in beta test with selected customers and is expected to be ready for full release by the end of the third quarter."

About Aclaro:

Aclaro is a leading provider of Blockchain based Open Data Platforms and Solutions that disrupt the status-quo of disjointed siloed current systems. We aim to level the playing field for small and midsize business by providing solutions that can help them compete with larger competitors. We use technology to provide solutions that matter, have real returns to a bottom line and contribute to the quality of life of the solution stakeholders. We enhance transparency of transactions via Blockchain technology, out of the box kick ass Apps that use Machine Learning, Business Intelligence and GraphDB's to rock the status quo.

For more information, please visit: https://aclaro.io/

VIDEO (YouTube):
https://youtu.be/Dpz0kNZ1LZE

Aclaro, 78 SW 7th St., Suite 500, Miami, FL 33130, USA.

Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry. The new solution is Aclaro TrueView(TM). Aclaro aims to equip lenders with the innovative tools needed for competitive advantage with its tech savvy, blockchain based predictive analytics platform that can be utilized without incurring heavy costs.

Related link: https://aclaro.io/

Global DMS Adds Appraisal Pre-Scheduler Functionality to its eTrac Valuation Management Platform

LANSDALE, Pa. /ScoopCloud/ -- Global DMS, a leading provider of cloud-based valuation management software, announced that it has rolled out eTrac(R) Pre-Scheduler, a newly released tool that that streamlines appraisal appointments, allowing lenders and AMCs that are leveraging eTrac to easily set predetermined appraisal dates, apply specific parameters, and broadcast appraiser communications.

eTrac Pre-Scheduler empowers users with the ability to easily select multiple appraisal appointment dates per appraisal order, automatically search for applicable appraisers that are available to complete the order, and then present potential assignments to eligible appraisers along with the order and specified dates. The appraiser can then quickly accept the order by agreeing to one of the required dates, which can conveniently be done from their cell phone via email and/or text message.

The end result is that the entire process of coordinating and completing appraisals becomes quicker, easier, and more efficient. In addition, Pre-Scheduler flexes with unique business processes or special requests from borrowers and clients, as users have the ability to define what appraisers must agree to before accepting orders.

"Appraisals typically take the longest of all loan fulfillment processes to complete, which extends underwriting times, increases costs, and also opens up the potential for deal fallout," says Vladimir Bien-Aime, president and CEO at Global DMS. "Appointments are sometimes set at the vendor's discretion and can lead to unexpected delays and issues; however, the addition of Pre-Scheduler to eTrac establishes more control and better organization to prevent problems. Ensuring that appraisal orders are efficiently assigned, accepted, and completed is paramount to making the process expeditious and cost effective."

About Global DMS:

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of cloud-based commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. 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.

The company's solutions include its new EVO-Commercial (EVO-C) for commercial lending, eTrac valuation management platform for residential lending, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS), ATOM (Appraisal Tracking on Mobile), and AMCmatch.

For more information, visit the company's web site http://www.globaldms.com/ or call (877) 866-2747.

Global DMS, a leading provider of cloud-based valuation management software, announced that it has rolled out eTrac Pre-Scheduler, a newly released tool that that streamlines appraisal appointments, allowing lenders and AMCs that are leveraging eTrac to easily set predetermined appraisal dates, apply specific parameters, and broadcast appraiser communications.

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

LBA Ware Celebrates Its 10th Anniversary Serving the Mortgage Industry

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has achieved a decade in business this year. The company celebrated the official anniversary of its founding on June 10, the date of the company's incorporation.

"The impetus behind founding LBA Ware in 2008 was to solve what I saw as a clear need in the industry - the ability to automate traditionally manual business processes," said LBA Ware CEO and Founder Lori Brewer. "While I knew we would succeed in this endeavor, the level of success we've achieved in our first 10 years is beyond anything I could have imagined."

Since its inception, the company has established itself as a mortgage industry innovator through its suite of technology platforms designed to maximize productivity and operational efficiency. In addition to its systems integration software LOS Talker(TM), LBA Ware has also brought to market the mortgage industry's first automated commission calculation platform CompenSafe(TM).

Other major company achievements over the past decade include:

* Reaching $1 billion in total compensation calculated via CompenSafe

* Serving six of the top 100 U.S. mortgage lenders and eight of the top 75 independent mortgage banks

* Garnering multiple corporate honors, such as:
o Four consecutive appearances on HousingWire Magazine's HW Tech100
o 2017 Technology Association of Georgia (TAG) Bytes for Bites Regional winner
o 2017 Best of Macon winner
o 2016 Hub Magazine Diversity Game Changer in Technology winner
o 2014 & 2015 TAG Top 40 Innovative Technology Company winner

* Numerous professional recognitions for Brewer, including:
o 2017 & 2018 Mortgage Professional America (MPA) Elite Women in Mortgage
o 2017 MReport Women in Housing - Leadling Ladies category
o 2018 MPA Hot 100
o 2018 HousingWire Women of Influence.

While a decade in business may seem like a modest achievement, Brewer notes, the odds of a small business reaching this milestone are often stacked against them. According to the U.S. Small Business Association (SBA), 96 percent of U.S. businesses never make it to 10 years, less than 4 percent ever achieve $1 million in sales, and less than 6 percent ever grow beyond 10 employees.

"When you consider the odds stacked against start-ups, it's incredible what LBA Ware has achieved in its first 10 years," Brewer said. "I started the company in my living room with a laptop and an idea. We now employ 27 highly talented individuals and have expanded our client base by 91 percent in the last 12 months. I'm immensely proud of our team, the culture and our achievements and am so excited about the opportunities ahead."

About LBA Ware(TM):

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organization. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com.

LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has achieved a decade in business this year. The company celebrated the official anniversary of its founding on June 10, the date of the company's incorporation.

Related link: http://lbaware.com/

Two Tech Startups to Debut Technology at NEXT Mortgage Conference

DALLAS, Texas /ScoopCloud/ -- EXT Mortgage Events LLC, creator of the only mortgage technology conference for women executives, has announced that startup tech firms ProxyPics and Zipwhip will debut their technology to the mortgage industry at the second biannual NEXT mortgage technology conference, which takes place on June 21-22, 2018 at Hotel ZaZa in Dallas.

ProxyPics, which was founded in 2017, will debut its first-of-its kind on-demand system for getting location-specific media you need, anytime, anywhere, on Friday, June 22, 2018 at 8 a.m. CT. Zipwhip will follow with a presentation at 8:10 a.m. CT. A Seattle-based SaaS company, Zipwhip is modernizing the business texting medium by enabling text messaging to existing landline, VoIP and toll-free phone numbers. Zipwhip pairs direct network connectivity with easy, cloud-based software, so businesses of any size can give customers the choice to "text or call" and handle two-way text conversations at scale.

"ProxyPics provides photos for property inspections much cheaper and about 90 percent faster than lenders and servicers are used to getting them," said Luke Tomaszewski, CEO of ProxyPics, which uses an Uber-esque business model to farm the job of securing photos to individuals living in working in local communities. "ProxyPics lets lenders and servicers go straight to the source to get photographs within minutes, rather than hours or days. The entire process improves, and benefits not only lenders, servicers and borrowers, but also countless independent workers in local communities."

Zipwhip leverages a different, albeit also ubiquitously familiar, tool to modernize and improve the mortgage process. "Most people use texting as a primary method of communication, yet most mortgage lenders fail to provide their customers with a familiar, easy and secure way to text with the individuals who are handling their loans," said Kelly Herman, account executive at Zipwhip. "Zipwhip standardizes texting protocol so that loan officers can stop texting from their personal lines, lenders can start keeping audit trails of conversations, and more borrowers can interact directly with their lenders in a way that feels not only much more familiar, but is also faster and more efficient for them."

NEXT's startup demo presentations will take place on Friday, June 22, 2018 in the Metropolitan Ballroom of Hotel ZaZa in Dallas. NEXT features educational sessions, a total of 11 technology demonstrations, and organized networking events which include a charity benefit cocktail mixer.

Tickets are still available. Attendees may register at: https://www.nextmortgageconference.com/.

About NEXT Mortgage Events LLC:

NEXT(TM) Mortgage Events LLC is the creator of NEXT, the first women's mortgage technology conference and expo. NEXT features informational tech-focused talks, a fast-paced tech demonstration showcase, a product-focused exposition hall and well-organized networking events - all in a comfortable environment catering to the accomplished woman executive. NEXT's inaugural event took place January 18-19, 2018 in Dallas.

For more information visit https://www.nextmortgageconference.com/ follow @NEXTmtgEvents or email info@NEXTmortgageEvents.com.

NEXT Mortgage Events LLC, creator of the only mortgage technology conference for women executives, has announced that startup tech firms ProxyPics and Zipwhip will debut their technology to the mortgage industry at the second biannual NEXT mortgage technology conference, which takes place on June 21-22, 2018 at Hotel ZaZa in Dallas.

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

Simplifile’s E-recording Platform Utilized by Recording Districts Representing More Than 80-percent of the U.S. Population

PROVO, Utah /ScoopCloud/ -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 31 additional recording jurisdictions located in 16 states throughout the Midwestern, Southwestern, and Western United States have joined Simplifile's e-recording network.

With the adaption of Simplifile's e-recording platform by these districts, the network of recording jurisdictions e-recording platform is now being used by the recording jurisdictions of more than 80 percent of the total U.S. population. To date, 1,773 jurisdictions are participants in the Simplifile e-recording network.

"County recording offices must work with settlement agents, lenders, and local government offices to perform the complex function of accurately and lawfully documenting property records on behalf of the community," said Simplifile president, Paul Clifford. "Simplifile's e-recording platform provides counties with a powerful tool to modernize and streamline the process of recording deeds, titles, and other property records. What's more, those process efficiency gains made by district recording offices are then passed on to homebuyers, settlement agents, realtors, and lenders."

The newest additions to Simplifile's e-recording network are:

* Mono County, Calif.
* Butte County, Idaho
* Franklin County, Idaho
* Stephenson County, Ill.
* Adams County, Ill.
* Orange County, Ind.
* Labette County, Kan.
* Menominee County, Mich.
* Manistee County, Mich.
* Carlton County, Minn.
* Lewis County, Mo.
* Ozark County, Mo.
* Ralls County, Mo.
* Shannon County, Mo.
* Anaconda-Deer Lodge, Mont.
* Lincoln County, Nev.
* McHenry County, N.D.
* Mountrail County, N.D.
* Hocking County, Ohio
* Wallowa County, Ore.
* Curry County, Ore.
* Fall River County, S.D.
* Charles Mix County, S.D.
* Pennington County, S.D.
* Jim Wells County, Texas
* Liberty County, Texas
* San Juan County, Wash.
* Ferry County, Wash.
* Kewaunee County, Wis.
* Platte County, Wyo.
* Washakie County, Wyo.

The recording offices located within in these jurisdictions now have the ability to securely and electronically receive, send, process, and record documents in minutes through Simplifile's system, thereby reducing processing times and allowing for greater transparency into the e-recording process. The Simplifile system also provides county recording offices, settlement agents, and lenders with the opportunity to adopt Simplifile's collaboration and post-closing tools, which offers them a centralized electronic space to complete the closing transaction.

For a current list of all jurisdictions within the Simplifile e-recording network, visit https://simplifile.com/e-recording-counties.

About Simplifile
Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com/ or call 800.460.5657.

Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 31 additional recording jurisdictions located in 16 states throughout the Midwestern, Southwestern, and Western United States have joined Simplifile's e-recording network.

Related link: https://simplifile.com/

NotaryCam Celebrates 100K Online Notarizations with Live Demo at National Settlement Services Summit (NS3) 2018

NEWPORT BEACH, Calif. /ScoopCloud/ -- NotaryCam, Inc. (NotaryCam) today announced that it has completed more than 100,000 online notarizations since introducing the service in 2012. To celebrate this milestone, NotaryCam will offer free demos of its eClose360 platform to attendees of the 2018 National Settlement Services Summit (NS3) being held June 6-8 at the Marriott Renaissance Center in Detroit.

"NotaryCam is proud to have completed more remote, online notarizations than all our competitors combined - all while maintaining a customer satisfaction rating of 99.8% and the highest Net Promoter Score in the business," said NotaryCam Founder and CEO Rick Triola. "We view this achievement as a testament to the trust our valued partners and customers place in NotaryCam as the innovative leader in eNotarization and eClosing."

According to Triola, an increasing number of NotaryCam's online notarizations now occur as part of real estate transactions closed online through the company's eClose360 platform.

"Supporting more than 100,000 transactions has given NotaryCam the deep expertise necessary to execute flawless online real estate closings," Triola said. "And let's be honest - the mortgage closing ceremony is no time to experiment. It's the most important transaction in many consumers' lives, so it's essential to get it right."

NotaryCam is the global leader in online notary services. Its patented technology allows businesses and individuals to legally notarize, sign and execute all types of legal documents online, from real estate deeds to heath directives to powers of attorney. The company's eClose360 eClosing platform enables all parties, including REALTORS(r), attorneys, lenders and settlement agents, to not only notarize documents, but also close real estate and mortgage transactions entirely online from anywhere in the world.

NS3 will kick off on June 6 with live demos from NotaryCam and other eClosing technology providers on the fifth floor of the Marriot Renaissance Center. NotaryCam's demo can be found in the Cadillac A and B meetings rooms from 12 noon to 12:50 pm. Attendees can also visit NotaryCam at booth #139 during conference exhibit hours. Now in its 14th year, NS3 brings together all partners from the real estate transaction for three days of forward-looking education and networking. To register, visit https://ns3thesummit.com/.

Following NS3, NotaryCam will make an appearance at the Texas Land Title Association (TLTA) 2018 Annual Conference and Business Meeting being held June 11-13 at the Fairmont Hotel in Austin, Texas. Attendees can visit NotaryCam at booth #11 during exhibit hours. In addition, NotaryCam's technology will be featured in "The Technology Effect: Now and on the Horizon," a panel discussion on remote eNotary and block chain that is part of the general session on Tuesday, June 12. The panel will feature speakers from First American Title Insurance, Stewart Title and East Texas Title. TLTA's Annual Conference is June 11-13 at the Fairmont Hotel in Austin, Texas. To register, visit http://www.tlta.com/TLTA/Conference/Annual_Conference_Information.aspx.

About NotaryCam:

NotaryCam, Inc. (NotaryCam) is a pioneer and leader in remote, online notarization and identity verification solutions. NotaryCam's enterprise-grade platform has helped thousands of companies and individuals get documents notarized online from anywhere in the world, at any time, by a network of certified, licensed notaries. NotaryCam's technology provides the highest level of identity verification, security and fraud prevention as well as unmatched customer convenience.

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

NotaryCam, Inc. today announced that it has completed more than 100,000 online notarizations since introducing the service in 2012. To celebrate this milestone, NotaryCam will offer free demos of its eClose360 platform to attendees of the 2018 National Settlement Services Summit (NS3) being held June 6-8 at the Marriott Renaissance Center in Detroit.

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

Matic CEO Aaron Schiff Named 2018 HousingWire Rising Star

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

Now in its fifth year, the HousingWire Rising Stars program honors mortgage industry leaders and innovators under the age of 40. Schiff was profiled in the June 2018 issue of HousingWire magazine alongside other young mortgage and housing luminaries recognized by the publication.

"This year's Rising Stars list represents the only independent award for young professionals in the mortgage space," said Jacob Gaffney, editor-in-chief of HousingWire. "It's a comprehensive snapshot of who's who in our business and the most impressive list to date."

Schiff was recognized for his role in launching Matic and for steering the young company to become the leader in mortgage and servicer distribution of homeowner's insurance. By pulling borrower and property data directly from lender and servicer systems, Matic automatically runs the purchaser's coverage needs against available policies, delivering homeowners a competitive quote within minutes.

"The Matic vision is to make purchasing homeowner's insurance easy, which in turn helps lenders close loans faster and reduce origination costs," said Schiff. "I'm grateful to work with a talented team that shares my commitment to revolutionizing this important component of the digital mortgage process."

For a full list of winners, visit https://www.housingwire.com/articles/43468-housingwires-class-of-2018-rising-stars.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit http://matic.com or follow Matic on LinkedIn.

About HousingWire:

HousingWire is the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

Learn more at http://www.housingwire.com.

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

Related link: https://maticinsurance.com/

ARMCO Enhances Automation and Analysis in ACES Audit Technology

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology(TM).

The two principal enhancements of this upgrade include identification of exception root causes and expanded auto-response capabilities for ACES. These functions use automation to significantly reduce the number of skilled labor hours it takes to achieve quality goals and identify areas that would benefit from proactive corrective actions.

"Identifying root causes of defects is critical to an effective mortgage QC process because it enables lenders to move from reactive corrections to proactive policy creation," said Phil McCall, president of ARMCO. "By automatically identifying root causes, ACES saves lenders months of reactive risk management, as well as the hours and hours of manual analysis it would normally take to identify the root cause."

ACES' enhanced auto-response capabilities automatically generate answers to questions and scenarios that trigger loan defects. Utilizing the multitude of data points within the ACES platform, ACES automatically conducts field-to-field comparisons of relevant loan data and can perform complex math equations, as is needed in cases involving loan eligibility and regulatory compliance. The ACES technology systematically determines the proper answer to the scenarios in question. This not only saves time, but also increases accuracy and consistency in the loan review process.

Among the numerous additional improvements are expanded ability to change exceptions settings in bulk, automated loan selection for internal audits, and expanded business day calculation features.

"Automation and analytics will play increasingly greater roles in the mortgage QC process, and as with this upgrade, ARMCO will be leading the way in bringing these advances to the mortgage industry," said Phil McCall, president of ARMCO. "Our clients rely on us to assure the highest quality through the greatest process efficiency. Our regular enhancements reinforce our dedication to reducing risk in the mortgage process by leveraging technology."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based enterprise financial risk mitigation software solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology(TM).

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

Phil Laren of MCT to Speak on MSR Liquidity Challenges Panel Session at MBA National Secondary Conference

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services, Phil Laren, will be speaking on a panel at the MBA National Secondary Market Conference & Expo held on May 21 at the New York Marriott Marquis.

The panel will cover the different problems trending with Mortgage Servicing Rights (MSR) liquidity in today's constantly changing secondary marketing environment, and offer sound business solutions for lenders to more effectively operate during uncertain times.

Session Title:
Managing the Challenges of MSR Liquidity

About the Session:
Regulatory and market events continue to present challenges for the liquidity of Mortgage Servicing Rights (MSRs). In this session, experts discuss the state of the MSR market and opportunities to successfully navigate any changes that lie ahead.

Session Information:
Date: Monday, May 21, 2018
Time: 3:00 p.m. - 4:00 p.m. EDT
Location: New York Marriott Marquis, SoHo Complex, 7th Floor

Moderator:
* Chis Whalen, Whalen Global Adviser

Speakers:
* Phil Laren, Director, MSR Services, Mortgage Capital Trading, Inc. (MCT)
* Charles Clark, Jr., SVP, Director, Warehouse Finance, EverBank
* Mark S. Garland, Executive Vice President, Analytics, MountainView Financial Solutions
* Seth D. Sprague, CMB, Executive Vice President, Phoenix Capital, Inc.

About MCT Speaker Phil Laren:
Mr. Laren is as a service group leader on MCT's management team, focused on managing and expanding the company's MSR Services. MCT's mortgage servicing software, the Desktop Servicing Model, was created by industry veteran Phil Laren. Mr. Laren has 29 years of experience in capital markets, predominantly in servicing. He is experienced in all aspects of servicing, modeling, pricing, trading, negotiating, hedging, risk analysis, accounting analysis and operations. Mr. Laren is also very experienced in building teams and managing traders and analysts (mostly Ph.Ds and MBAs who speak more Math than English). Mr. Laren holds advanced degrees in statistics and econometrics.

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.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services, Phil Laren, will be speaking on a panel at the MBA National Secondary Market Conference & Expo held on May 21 at the New York Marriott Marquis.

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

American Banker Magazine Names Mortgage Capital Trading to Inaugural Best Places to Work in Fintech List

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.

Fintech companies from across the country competed in an extensive two-part survey process that judges each organization's workplace policies, practices, philosophy, systems and demographics along with an in-depth employee survey that measures employee satisfaction. The combined scores of the complete process determined the nation's top fintech companies and the final rankings.

"We are thrilled to be recognized by American Banker as one of the top 20 fintech companies to work for in the industry," stated Cutis Richins, president at MCT. "MCT has grown significantly over the past few years, expanding our capital markets services with several new software solutions that have been instrumental in taking us to the next level. More than anything, however, it is our people that have made us successful. Our entire company is very proud to receive this inaugural fintech award."

Of note is that MCT recently won a 2018 Innovation Award from PROGRESS in Lending Association for helping move the mortgage industry toward digital loan trading on the secondary market with the rapid adoption and impact of its Bid Auction Manager(TM) (BAM). The company has also won Mortgage Technology magazine's Release of the Year award for its MCTlive(TM)! cloud-based capital markets software platform, and has been designated a Top 100 Tech provider by HousingWire magazine for being one of the most innovative technology companies in the U.S. housing economy.

For more information on American Banker magazine's inaugural Best Places to Work Fintech award program and to view the full list of ranked companies, visit www.BestPlacestoWorkFinTech.com.

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.

About American Banker:

American Banker, a SourceMedia brand, is the essential resource for senior executives in banking and financial services, keeping its users updated on vital developments and focusing sharply on their most important concerns. Financial industry professionals turn to American Banker to stay maximally informed and engage with an authoritative community of analysts, practitioners and innovators through opinion content, research reports, social media, and live events.

American Banker Magazine is a monthly print publication of American Banker, focusing on the ideas, the people, and the companies that are changing the way bankers do business. For more information, visit https://www.americanbanker.com/.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.

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

LBA Ware Appoints Mortgage Technology Specialist Diana Sheffer as Solutions Consultant

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has hired Diana Sheffer as a solutions consultant to support the company's sales and product implementation efforts. In this role, Sheffer will apply her 18 years' experience in mortgage lending and technology consulting to connect LBA Ware's clients with best-fit systems integration and process automation solutions to enhance performance-driven organizational growth.

"As mortgage lenders are faced with shrinking margins and increasingly complex operational challenges, they are looking for ways to reduce expenses, automate redundant, labor-intensive processes and leverage data to drive operational efficiency and profitability," said LBA Ware CEO and Founder Lori Brewer. "Diana Sheffer has the on-the-ground industry expertise required to understand client needs from their perspective and articulate how LBA Ware's solutions can give them a leg up in this very competitive period."

Prior to joining LBA Ware, Sheffer served as a technology business consultant and product manager at Black Knight Financial Services, a provider of software, data and analytics solutions to the mortgage, consumer loan and capital markets arenas. While at Black Knight Financial Services, Sheffer worked with clients to complete technical needs assessments, communicated with internal product management teams to develop product solutions and managed product introduction from implementation to user adoption. Additionally, Sheffer has substantial expertise in mortgage loan and secondary market consulting gained during her tenure at Pulaski Bank.

"I've spent my entire career in mortgage, and there's nothing I enjoy more than connecting clients with the tools and resources they need to be successful," said Sheffer. "LBA Ware's true value extends far beyond software. The company has become a trusted resource for lenders grappling with rising expenses and dwindling profitability, and I look forward to helping LBA Ware continue to deliver solutions to the industry's most challenging needs."

About LBA Ware(TM):

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organization. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency. For more information about LBA Ware and their software solutions, visit http://lbaware.com.

LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has hired Diana Sheffer as a solutions consultant to support the company's sales and product implementation efforts. In this role, Sheffer will apply her 18 years' experience in mortgage lending and technology consulting to connect LBA Ware's clients with best-fit systems integration and process automation solutions to enhance performance-driven organizational growth.

Related link: http://lbaware.com/

Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.

Ascend engaged with OpenClose to provide the credit union with a robust LOS that will simplify its mortgage processes, ensure compliance, improve efficiencies, maximize productivity and reduce costs -- without the time and expense of implementing and maintaining a legacy system. LenderAssist was configured to support Ascend's specific business processes and automate the lending workflow from start to finish. The entire platform was implemented in less 60 days.

"Since implementing OpenClose, we have enhanced our overall mortgage lending process and ability to provide faster, better service to members looking for a home loan," said Don Gilliam, vice president of mortgage lending at Ascend. "The team at OpenClose is outstanding to work with and always provides very responsive, personalized customer support to our mortgage staff."

LenderAssist is cost effectively delivered on a software-as-a-service (SaaS) basis. OpenClose maintains the entire system for Ascend, thus avoiding the need to add internal staff and dramatically reducing total cost of ownership. DecisionAssist provides instant, accurate loan pricing and eligibility for Ascend's mortgage staff. OpenClose's team of mortgage specialists manage all guidelines and pricing on a daily basis for Ascend. In addition, as Ascend grows, LenderAssist is designed to flex and scale with the business, preventing expansion challenges.

"Attaining a home loan can be an intimidating, complex experience for many consumers, but Ascend's focus on service and use of technology makes it very easy for members to do business with them," says JP Kelly, president of OpenClose. "LenderAssist and DecisionAssist have contributed to Ascend's already high service levels by helping add simplicity, transparency and excellence in service to members."

LenderAssist creates a seamless workflow process that eliminates manual touch points, freeing Ascend employees up to devote more time to member service. Throughout the origination process, OpenClose checks for QM/ATR, Reg B, Reg Z, fee tolerance, state and federal rules and regulations, and TRID compliance. Robust reporting tools documents everything done during the lending process for auditing and compliance purposes.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on

a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose Twitter: @openclosesocial #mortgagetechnology #fintech #loanoriginationsoftware #creditunionsoftware

About Ascend Federal Credit Union:

With more than $2 billion in assets, more than 170,000 members and more than 500 employees, Ascend is the largest credit union in Middle Tennessee and one of the largest federally chartered credit unions in the United States. The National Association of Federal Credit Unions (NAFCU) selected Ascend as the 2015 Federal Credit Union of the Year. Ascend is federally insured by the NCUA. https://www.ascendfcu.org/

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.

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

IDS, Inc. Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is "Not Successful" or a UCD was not submitted.

"IDS has been monitoring our users' experience with the UCD XML file submission process closely since UCD went into effect last September, and the announcement of the June enforcement date has only enhanced our focus," said IDS Vice President and General Manager Mark Mackey. "Because edit messages can vary from lender to lender, we are encouraging our customers to reach out as quickly as possible and notify us of the edit messages they're receiving so that we can best advise them on the adjustments that need to be made."

While Fannie Mae and Freddie Mac utilize the same XML file format for UCD delivery, lenders may observe differences in the warnings they receive from each, Mackey explains, and should address warnings from each separately.

"The more feedback we receive from our customers on this, the better we're able to address these issues early so that the loan process continues to run smoothly," Mackey added. "In many of the early cases we've seen, data entry errors are the most common trigger, though data mapping issues between loan origination systems and idsDoc may also be a possible trigger. As an added layer of protection, IDS can add audits, notes and/or notifications to idsDoc to help lenders ensure successful submission of their UCD XML files."

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 electronic signatures, 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 regards to major industry compliance changes. Learn more at: https://info.idsdoc.com/.

Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is "Not Successful" or a UCD was not submitted. (UPDATED)

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

Deutsche Bank Implements DocMagic’s eVault Technology

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

"Deutsche Bank has an international footprint in multiple forms of lending and servicing, and having a company of their size select our eVault to safely and securely store sensitive loan documents speaks volumes about the bank's confidence in our technology," said Dominic Iannitti, president and CEO of DocMagic, Inc. "We are very pleased to partner with Deutsche Bank on a long-term basis to help achieve its servicing goals with our eVault."

Using the DocMagic eVault, Deutsche Bank's document custody group is now empowered to take full possession of electronically originated assets for clients as the loan market continues to transition to a paperless process. DocMagic establishes a legally compliant method to securely move original electronic files from one custodian to another, while preserving unique authoritative digital ownership.

Further, the eVault ensures authentication of original documents passing between owners, irrespective of how many duplicate electronic files there may be of the same record. The repository system within DocMagic's eVault relies upon digital tamper-proof seals and a detailed, well-documented audit trail that ensures compliance and provides detailed reporting.

DocMagic also made available to Deutsche Bank the ability to leverage a unique dual-option solution that accesses its on-premise eVault installation to provide a gateway to seamlessly and securely connect to MERS via any browser, as well as by way of a direct VPN connection.

As a result of partnering with DocMagic, Deutsche Bank is now well-positioned to easily, compliantly and securely service loans housed in the eVault, creating newfound efficiencies and a competitive advantage for the bank. By providing eVault services to Deutsche Bank's clients, they further cement themselves as a leader, innovator and provider of excellence in loan servicing.

Of note is that DocMagic has been at the forefront of developing award-winning technology that facilitates a complete eMortgage solution for the entire supply chain that fully supports an end-to-end, completely paperless digital mortgage process. This includes from the point-of-sale through eClosing, eWarehouse lending, secondary marketing and even servicing.

DocMagic's eVault has been thoroughly vetted and officially approved by Fannie Mae, Freddie Mac, and MERS(r) to compliantly support eVaulting services.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit https://www.docmagic.com/.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

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

Mortgage Technology Industry Veteran Tom Rice Joins OpenClose as Vice President Enterprise Account Executive

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

In his role as vice president enterprise account executive, Mr. Rice will work with lending entities of various types and sizes to utilize OpenClose's end-to-end LOS and additional software solutions. This includes the OpenClose LenderAssist(TM) LOS, DecisionAssist(TM) PPE, ConsumerAssist(TM) borrower direct websites, OC Correspondent(TM) lending module, OC Optics(TM) data and analytics reporting solution, mobile technology and also new innovative, disruptive products that OpenClose will be launching in 2018.

"Tom has an outstanding reputation for developing and maintaining rapport-based, long-term business relationships with all types mortgage professionals from different functional areas at lending entities," said Vince Furey, senior vice president of lending solutions at OpenClose. "He is an experienced sales executive who is solution-oriented and accustomed to operating in fast-paced, dynamic software environments. He fits well with our corporate culture and we are pleased to welcome him to the OpenClose family."

Mr. Rice has experience working with an array of different mortgage software applications. He has held senior sales positions at LOS vendor PCLender; PPE and secondary marketing software vendor Optimal Blue; enterprise risk management and data analytics provider Veros; Bank of America; and other mortgage software providers.

"I've worked with many different types of mortgage banking applications over the course of my career and OpenClose is the most comprehensive, advanced, completely web-based end-to-end LOS platforms that I've seen," remarked Rice. "In addition, I have heard a common theme from lenders lauding OpenClose's boutique-style, highly responsive approach to customer service, which is tough to find in today's consolidated market where most of the big guys fall short in this area. I am excited about the immense opportunity to help lenders operate more efficiently by leveraging OpenClose's software solutions."

Mr. Rice holds a B.S. in Accounting from San Diego State University and an M.B.A. in International Management from the University of Denver. He is an active member of the Mortgage Bankers Association.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

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

New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

The mobile app, available for both Android and Apple devices, makes it easy for real estate agents to check a loan's status, view and send pre-approval letters and upload purchase contracts from virtually anywhere. Real estate agents can also use the app to share leads with loan officers.

"Cloudvirga's new mobile app deepens the collaboration between loan officers and real estate agents, which is critical to success in today's purchase-driven market," said Cloudvirga Co-founder Kyle Kamrooz. "Agents and loan officers now have access to our digital mortgage platform via a native mobile app that is both easy to use and incredibly powerful."

About Cloudvirga(TM):

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(R), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan.

Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country's top lenders and venture capital firms.

For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(r), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

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

Simplifile Debuts Enhanced Post-Closing Service to Automate Return of Trailing Mortgage Documents

PROVO, Utah /ScoopCloud/ -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has enhanced its Post Closing service to help lenders automate the return of trailing loan documents. This new service is designed to save lenders time on final Closing Disclosure (CD) reconciliation, eliminate time-consuming post-closing document management tasks, and provide a complete audit trail to reduce regulatory risk.

Using its e-recording network of active settlement agents - the largest in the nation - Simplifile automates the return of recorded documents, final recording fees, and transfer taxes that match the loans in a lender's post closing pipeline. Simplifile can also automate the request for final title policy or any other trailing documents.

Lenders using Simplifile's Post Closing service are automatically receiving recorded documents and fees for nearly half of their loans, with 50 percent being returned within 48 hours and 90 percent within a week of the loan closing. For Ellie Mae customers, Simplifile can deliver the returned documents directly into the Encompass eFolder, eliminating additional steps in the post-closing file completion process.

"Post-closing workflow continues to be a pain point for many lenders, as the consequences of submitting incomplete loan files to regulators and investors can be severe," said Simplifile President Paul Clifford. "With more than 17,000 settlement agents utilizing our network to e-record in more than 1,750 counties, Simplifile is in a unique position to solve this very real issue for lenders by, in essence, providing the auto-return trailing docs and final recording fees and transfer taxes for loans closed across 80 percent of the population."

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com/ or call 800.460.5657.

@Simplifile #mortgage #settlement #realestate

Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has enhanced its Post Closing service to help lenders automate the return of trailing loan documents. This new service is designed to save lenders time on final Closing Disclosure (CD) reconciliation, eliminate time-consuming post-closing document management tasks, and provide a complete audit trail to reduce regulatory risk.

Related link: https://simplifile.com/

AccountChek by FormFree Will Integrate with Black Knight’s LoanSphere Exchange Digital Solution

ATHENS, Ga. /ScoopCloud/ -- Automated verification provider FormFree(R) today announced that its award-winning AccountChek(R) asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.

FormFree's AccountChek enables borrowers to demonstrate their ability to repay mortgage loans by sharing financial data directly with lenders instead of mailing, faxing or emailing traditional asset account statements. Borrowers can complete the secure asset verification process in minutes from any web-enabled device. The standardized format of AccountChek's digital Asset Report reduces loan processing and underwriting times and allows lenders to close loans days faster.

Black Knight's LoanSphere Exchange Digital enables lenders to more easily access the data, products and services they need to create a complete omni-channel consumer experience during the origination and servicing of loans. Lenders will be able to access AccountChek and other FormFree services through LoanSphere Exchange Digital to support enhanced loan quality, help minimize repurchase risk and drive efficiencies in the mortgage transaction.

"We are proud to put AccountChek's time-tested efficiency and superior borrower experience in the hands of more Black Knight customers," said Brent Chandler, founder and CEO of FormFree. "With LoanSphere Exchange Digital, lenders can order and manage AccountChek Asset Reports without the time and expense of a custom integration."

"We welcome FormFree as our latest LoanSphere Exchange Digital integration provider," said Tom Peterson, president, Lending Solutions division at Black Knight. "Black Knight is committed to enhancing the consumer experience by offering lenders a more cost-effective way to build their digital solutions, and services such as FormFree's AccountChek help us deliver on that commitment."

LoanSphere Exchange Digital integrates with Black Knight's LoanSphere Empower, a loan origination system (LOS) designed for retail, wholesale and consumer-direct lenders, as well as LoanSphere LendingSpace, Black Knight's LOS designed specifically for correspondent lending.

About FormFree(R):
FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over 1.25 million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit https://www.formfree.com or follow FormFree on LinkedIn.

Automated verification provider FormFree today announced that its award-winning AccountChek asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.

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