Tag Archives: FinTech

OpenClose Bolsters Software Integration and Support Teams

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.

Julie Hoefs comes to OpenClose as a previous user of its LenderAssist(TM) LOS and integrated best-of-breed mortgage fintech, compliance, analytics and reporting solutions. She has experience managing all aspects of mortgage loan processing, mortgage servicing and loan purchase activity. In addition, Hoefs has overseen loan operations at Two Rivers Bank and was the assistant manager for lending operations at Fremont National Bank & Trust Co. At OpenClose, Hoefs will work on the support team where she will focus on new best-of-breed software partner interfaces and enhancements.

Kenneth Kerfoot was added to the OpenClose integration team, who previously was the LOS manager at University Bank. Prior to this, he was the implementation coordinator at Mortgage Builder/Altisource. At the company, he also held the positions of lead support trainer and account specialist. Over the course of his career, Kenneth Kerfoot has worked for LOS vendor Dynatek and lenders such as United Wholesale Mortgage (UWM), Washtenaw Mortgage, Sigma Financial Corporation, 1st Rate Mortgage and Interfirst Mortgage.

"As we continue to grow and advance our mortgage software solution suite, hiring subject matter experts with extensive experience working for both mortgage technology vendors and lenders is key to ongoing innovation," stated Jason Regalbuto, CEO and CTO at OpenClose. "We always strive to deliver robust mortgage software solutions and hands-on customer support, and these new resources help us maintain OpenClose's track record for success."

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 it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.

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

Cloudvirga’s Kyle Kamrooz Named to MPA Hot 100 List of Top Mortgage Industry Innovators

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine's annual Hot 100 list of the leaders and visionaries making the biggest impact on America's mortgage industry. Kamrooz was recognized for spearheading Cloudvirga's transformative contributions to reducing mortgage back-office costs through digital mortgage technology.

Published each February and now in its sixth year, the MPA Hot 100 recognizes mortgage professionals whose vision, innovation and achievements are shaping the landscape of the mortgage industry. Recipients of the award are nominated by their peers and are widely regarded as major power players within their professional community.

Since co-founding Cloudvirga in 2016, Kamrooz has led the company through two capital raises totaling over $27 million and launched its next-gen POS products in nine of the top 40 non-bank mortgage lenders.

This is the third time in recent weeks that top mortgage industry publications have recognized Kamrooz for his breakthrough contributions to advancing mortgage efficiency. Kamrooz was recently named among HousingWire's 2017 Vanguard Award winners as well as one of National Mortgage Professional (NMP) magazine's 40 most influential mortgage professionals under 40.

"It's a privilege to be recognized among such a distinguished group of mortgage professionals," said Kamrooz. "2017 was a great year for Cloudvirga and our customers, and we continue to tackle the massive problem of mortgage cost and inefficiency."

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform 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 nine 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.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine's annual Hot 100 list of the leaders and visionaries making the biggest impact on America's mortgage industry. Kamrooz was recognized for spearheading Cloudvirga's transformative contributions to reducing mortgage back-office costs through digital mortgage technology.

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

LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company's systems integration solution.

"2017 has been a year of extraordinary achievement for LBA Ware, marked by more than 100 percent growth for both CompenSafe and LOS Talker, and by reaching the $1 billion mark in compensation calculated by CompenSafe, we're now proud members of the 'three comma club," said Lori Brewer, CEO of LBA Ware. "Our clients' success is our success. We provide the go-to platform for incentive compensation, sales performance and actionable insights on which to build a lasting company with motivated, informed and empowered individuals."

In addition to new business growth, LBA Ware has also charted excellent helpdesk and training statistics in 2017. The company averaged a 96 percent approval for help desk tickets solved and responded to 80 percent of helpdesk tickets within 24 hours, and company staff received 1,122 hours of internal training.

"LBA Ware has set itself apart as a company that knows the mortgage industry from the ground up and truly understands what our clients expect and need from our solutions," said Brewer. "Our commitment to providing staff with internal training and offering customers with top-notch support continues to drive the success of our larger strategy to grow business by administering a seamless user experience and delivering superior customer satisfaction. We will continue to prioritize our customers by investing in staff training as growth and need demand."

About LBA Ware:

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that become essential to the way mortgage companies operate. We strive to be 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 lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company's systems integration solution.

Related link: http://lbaware.com/

Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark

PROVO, Utah /ScoopCloud/ -- implifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile's e-recording platform.

Included in this slate of new jurisdictions is Simplifile's 1,700th e-recording jurisdiction. To date, the Simplifile e-recording network includes 1,715 jurisdictions, which encompasses 97 percent of the total number of U.S. jurisdictions reported by the Property Records Industry Association (PRIA) [see *note 1].

"Having spent nearly two decades of my career championing the adoption of e-recording, hitting a milestone like signing our 1,700th e-recording jurisdiction is especially gratifying," said Paul Clifford, president of Simplifile. "Every day, we see more jurisdictions begin to recognize the benefits of modernizing their offices through e-recording, and I look forward to the day when e-recording becomes a reality for every recording jurisdiction within in the United States."

The latest additions to the Simplifile e-recording network are:
* Talladega County, Ala.
* Faulkner County, Ark.
* City of Milford, Conn.
* Town of Killingly, Conn.
* Town of Marlborough, Conn.
* Town of Wilton, Conn.
* Town of Winchester, Conn.
* Houston County, Ga.
* Vernon Parish, La.
* Montgomery County, Md.
* Lee County, Miss.
* Cherokee County, N.C.
* Polk County, N.C.
* Onondaga County, N.Y.
* Rensselaer County, N.Y.
* Tioga County, N.Y.
* Schuylkill County, Pa.
* Putnam County, Tenn.
* Unicoi County, Tenn.
* Craig County, Va.
* Bedford County, Va.
* Shenandoah County, Va.
* Waynesboro County, Va.

[*Note 1: As of Dec. 31, 2017]

The recording offices located within in these jurisdictions now have the ability to electronically receive, stamp, record, and return documents through Simplifile's system in a matter of minutes, thus reducing documentation and processing errors. The Simplifile system also eliminates check-writing expenses by allowing settlement agents to submit recording fees and other recording-related expenses directly through an integrated electronic payment system.

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 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile's e-recording platform.

Related link: https://simplifile.com/

DocMagic Reaches 300 Million Mortgage eSignings as More Borrowers Opt for eSigning and More Lenders Require Proof of TRID Compliance

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures.

This milestone achievement is the direct result of increased adoption of several DocMagic technologies that feature its comprehensive eSigning platform, which can be accessed as a software-as-a-service (SaaS) or on-premise enterprise platform. Each of DocMagic's digital platforms reports a significant increase in volume, which the company attributes to lenders' growing need to prove a TRID-compliant, 100 percent paperless mortgage process.

"Borrower demand is driving the increase in eSignings, and lenders are choosing DocMagic to get a consistent, compliant eSigning solution that spans the original LE [Loan Estimate] to the final CD [Closing Disclosure]," said Dominic Iannitti, president and CEO of DocMagic. "Lenders know DocMagic is the go-to choice for compliance. We reached 300 million eSignatures because we have solved lenders' number one burden for the past two years-electronic evidence of TRID compliance-while enabling them to stay competitive and enhance the overall borrower experience."

DocMagic reports significant volume increases for SmartCLOSE(TM) and Total eClose(TM), two award-winning technologies that enable lenders to comply with TRID and UCD (Uniform Closing Dataset) guidelines. SmartCLOSE is a collaborative closing portal offering one system of record that assures accuracy, completeness, consistency and compliance of the data before final documents are drawn and the borrower electronically executes the documents using DocMagic's integrated eSign technology. Total eClose, a complete paperless, digital closing solution with integrated eSignature and eNotarization capability, provides continuous compliance checks to assure all documents are complete, current, consistent and compliant.

"A lot of existing DocMagic customers adopted our eSign technology because it's so much easier to access and use than other platforms," said Iannitti. "We were already integrated with the vast majority of LOS systems, so providing eSigning functionality was a logical extension of our service. We also added new integrations, which brought onboard new eSigning customers. Having an eSign technology that can draw new customers while expanding use among existing customers shows the ubiquitous need for the functionality DocMagic's technology provides."

DocMagic provides the most commonly used eSignature technology in the mortgage and financial services space and is the leading provider of eClosing technology for the majority of state-sponsored eClosing pilot programs to support 100 percent paperless digital mortgage transactions.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign, eDelivery and comprehensive eMortgage services 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 it has processed more than 300 million mortgage-related electronic signatures.

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

Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM) CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

2017 was a banner year for Cloudvirga. In November, the company announced the addition of five top-30 lender customers to its digital mortgage platform, and it added a sixth top-30 lender in December. Together, these customers produced over $100B in loan volume in 2017.

"We are proud to have earned the support of the industry's leading lenders," said Schreck. "We believe their trust is indicative of Cloudvirga's unique mission to offer customers a response to Rocket Mortgage while also attacking the serious cost problems involved in producing a loan."

Also in 2017, Cloudvirga raised a $20M Series B led by Blackstone Group (NYSE: BX) portfolio company Incenter. To date, the firm has raised over $27M in total funding to scale its enterprise-class technology and invest in vendor partnerships, including a recently announced integration with DocuTech, the industry's leading provider of document and compliance technology.

Cloudvirga hired Schreck, a veteran tech entrepreneur and former Altisource (NASDAQ: ASPS) senior executive, as its new CEO in June. The firm's previous CEO, co-founder Bill Dallas, continues to advise Cloudvirga as chairman of its board of directors.

Since then, Schreck has overseen several high-profile additions to Cloudvirga's leadership team, including the appointment of former ShiftPixy (NASDAQ: PIXY) CFO Stephen DeSantis as chief financial officer; former Intuit (NASDAQ: INTU) and First American (NYSE: FAF) executive Jim Portner as chief product officer; and former Dell (NYSE: DVMT) and IBM (NYSE: IBM) executive Sean McEvoy as chief customer officer.

In December, Cloudvirga co-founder and Chief Strategy Officer Kyle Kamrooz received top industry honors as one of HousingWire magazine's 2017 Vanguard Award winners. He was also recognized by National Mortgage Professional magazine as one of the mortgage industry's most influential professionals under 40.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform 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 nine 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 CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

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

Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm's customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

McEvoy joins on the heels of Cloudvirga's recent addition of five top-30 lender customers to its digital mortgage platform. He brings a global skill set and a track record of success from roles that include vice president of global services and customer support for Dell Technologies (NYSE: DVMT). While there, McEvoy led a team of more than 900 global customer success, support and professional service engineers and contributed to hundreds of millions of dollars in software services and maintenance/renewals business growth.

McEvoy's other career accomplishments include establishing a $200 million renewal sales channel as a business unit executive for IBM (NYSE: IBM); overseeing six acquisitions and launching offshore delivery centers as vice president of support services for Quest Software (acquired by Dell in 2012); and serving as global director of technical consultancy services while vice president of technical operations for FileNET (acquired by IBM in 2006). He holds a master's degree in international business administration and a bachelor's degree in software engineering.

"Delighting our leading lending customers, which include five of the top eight non-bank originators, is core to Cloudvirga's mission in 2018," said Schreck. "We are bulking up our customer success organization to support a growing client base that produced over $100 billion in mortgages in 2017 and employs thousands of loan officers. Sean is a proven leader who can scale enterprise-class organizations to help ensure their success."

"As a software-as-a-service provider, Cloudvirga's long-term success hinges on our ability to help customers meet their desired outcomes," said McEvoy. "I look forward to helping Cloudvirga deliver on this mission."

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform 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 nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $25 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.

*PHOTO for Media: Send2Press.com/300dpi/18-0109s2p-Sean-McEvoy-300dpi.jpg
*Photo Caption: Cloudvirga Appoints Sean McEvoy as Its Chief Customer Officer.

Cloudvirga Inc., developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm's customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

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

Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology

LANSDALE, Pa. /ScoopCloud/ -- Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight's LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

This integration provides a gateway that helps support easy, secure lender access to Global DMS' comprehensive eTrac valuation management platform from their loan origination system (LOS), such as Black Knight's LoanSphere Empower and LoanSphere LendingSpace LOS, which are integrated with LoanSphere Exchange.

Global DMS' integration with LoanSphere Exchange enables lenders to order, check the status in real-time, review and upload completed appraisal files into the LOS. The bi-directional integration streamlines data exchange and facilitates ease of communication between the platforms. This eliminates the re-entry of data from initial ordering through review, thus reducing errors, ensuring compliance, cutting costs and dramatically speeding up the appraisal process.

Black Knight's Exchange technology provides integration, data management, decisioning support and workflow management to facilitate transactions between lenders and their service providers through a single, secure online platform.

"Through this integration, we significantly extend our reach to lenders that use Black Knight technology," said Vladimir Bien-Aime, president and CEO at Global DMS. "As a result of constantly changing legislation and higher origination costs, an increasing number of lenders are looking for an easy, cost-effective way to bring the appraisal function in-house. With Exchange, lenders essentially now have plug-and-play LOS integration to eTrac, which completely supports an in-house appraisal panel model, automates the entire valuation management process, and requires little-to-no IT resources to maintain."

"We are pleased to welcome Global DMS as one of Black Knight's Exchange integration partners in support of our commitment to reduce the time, cost and complexity to originate loans," said Tom Peterson, president, Lending Solutions division at Black Knight. "Mutual clients will be able to access a seamless integration to operate an in-house appraisal group on a national or regional level."

eTrac is a single-source valuation management platform that automates key aspects of the valuation process: vendor management, appraisal ordering, assigning orders, tracking status in real-time, handling accounting functions, appraisal delivery based on lender preferences, reviewing appraisals, and finally selling them via connectivity to the Uniform Collateral Data Portal (UCDP) and Electronic Appraisal Delivery portal. eTrac's configurable workflow engine establishes a smooth, workflow-driven process that removes manual touchpoints. eTrac helps support lender compliance with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act.

About Global DMS:
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of 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 eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS), AMC State Regulations, ATOM (Appraisal Tracking on Mobile), and AMCmatch.com. For more information, visit the company's web site http://www.globaldms.com/ or call (877) 866-2747.

# # #

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

Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight's LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

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

OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services (AFR) to enable customers to access the company's complete suite of flood services. Using the interface makes it quick and easy to order AFR's various flood services directly from within OpenClose's LenderAssist(TM) LOS.

AFR is a nationwide full-service risk management company serving mortgage lenders, insurance agencies as well as consumers. The company has expertise in hazard and flood insurance solutions - tracking and notification systems, lender placed insurance, commercial flood insurance, residential flood insurance, and flood zone determination services. AFR is also a Lloyd's cover holder for private flood insurance.

By way of this seamless integration, all data needed to obtain flood certificates is auto populated from AFR into LenderAssist. This eliminates the need to leave the application, place orders on AFR's website and then re-key information back into the loan file. As a result, time is saved, errors are reduced, accuracy is enhanced and the overall ordering process becomes more efficient.

"AFR has a strong reputation for accuracy and personal service so we are pleased that our partnership will make the process of ordering their flood services simple and easy for our customers," commented JP Kelly, president of OpenClose. "Our interface with them keeps the details, documentation and flood certificate completely within LenderAssist, centralizing moving parts and ensuring compliance."

LenderAssist is an end-to-end LOS that is completely web-based and automates all business channels and workflows from a single lending automation platform. System implementations are configured to flex with lenders' unique business process, which is managed by OpenClose along with post implementation maintenance and ongoing customer support.

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) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 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.

About AFR Services:
AFR Services, headquartered in Plano, Texas, is a risk management company utilizing leading edge technology and dedicated personnel to deliver services to financial institutions, insurance agencies, and individual consumers nationwide. Since 1992, the mission of AFR has been one of commitment - a commitment to provide innovative and cost effective solutions for our valuable clients. Regardless of the need, AFR's team of dedicated professionals utilize their vast experience, coupled with cutting edge technology, to develop targeted solutions that enhance efficiency and increase productivity. Satisfaction and success of our clients builds the pathway to the future and AFR is committed to continue leading in the development and provision of risk management tools and solutions for its clients. For more information, visit https://www.afrservices.com/.

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

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services to enable customers to access the company's complete suite of flood services. Using the interface makes it quick and easy to order AFR's various flood services directly from within OpenClose's LenderAssist LOS.

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

ARMCO Announces New Loan Data Validation Tools

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

ARMCO's new data validation tool is available through the most recent ACES upgrade, which was released on December 9, 2017. This upgrade's principal enhancement is advanced process automation functionality that enables ACES to automatically identify missing data within the loan file. Data integrity issues are one of the top causes of critical defects, according to research released in the most recent ARMCO Mortgage QC Industry Trends Report. With the system's new advanced automation functionality, ACES now fulfills an essential function for avoiding data validation errors.

Introducing this upgraded level of process automation is part of ARMCO's strategy to continue exploiting and maximizing process automation to turn one of the most labor intensive and time-consuming tasks into an entirely automated process within the ACES platform, and impart the highest levels of thoroughness, reliability and efficiency in the QC process.

"We created this feature to help our clients relieve a critical pain point of validating system data. Data integrity issues compromise loan quality, create extra work, and most importantly, increase lenders' risk when they're not caught and corrected," said Phil McCall, president of ARMCO. "Manually searching for data related errors can be extremely difficult given the amount of data contained in a loan file. That's why automation stands to make a major difference in lenders' success in identifying and correcting one of the most frequent causes of critical defects."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

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

OpenClose Adds New Hires to its Software Development Team

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.

Gary Meink was recruited from D+H and Mortgagebot where he spent more than eleven years working to help build out and enhance various components of the LOS and point-of-sale solutions. He has extensive industry experience working at a number of different mortgage technology firms that are integrated with the OpenClose platform.

Beau D'Amore joins OpenClose, previously working as a .NET engineer at RADIAL (formerly eBay Enterprises), a provider of omni-channel eCommerce technology and operations solutions. D'Amore holds broad experience working with leading-edge, highly contemporary technology both as a software developer and architect.

Jamal Waring also joins OpenClose, previously serving as a senior application developer at several multi-faceted organizations. Waring has a wide range of experience working with different programming languages, software engineering tools, mobile technologies and product development. In particular, he has been the lead architect and developer on numerous projects for custom built back-office systems, front-end applications, web portals, complex workflows, process automation, data analytics, reporting and more.

In addition, Christopher Price was added to the OpenClose development team, providing vast experience as a highly skilled software engineer with an emphasis in security and enterprise development. He is well-versed in SaaS and Cloud architecture and development as well as responsive front-end design. Christopher has worked on many large-scale projects involving tightening security levels and vulnerability prevention, taking the lead role in project planning and software development.

"We are pleased to welcome Gary, Beau, Jamal and Christopher to our development team and expect them to have an immediate impact on advancing our mortgage software solutions," stated Jason Regalbuto, CEO and CTO at OpenClose. "OpenClose is committed to constantly innovating, adding new features/functionality to products and expanding our overall solution suite. The addition of top-tier development talent gives us the bandwidth to continue to enhance existing products and develop new solutions, delivering increased value to our customer base."

Earlier this year OpenClose reported an unprecedented 30 percent growth rate from 2015 to 2016 and is currently on track to have another impressive year in 2017. The primary growth driver is an increasing demand for its 100 percent web-based, multi-channel LenderAssist(TM) LOS from lenders that are dissatisfied with their existing platform and poor customer support.

All four new hires will work on the LenderAssist LOS as well as other modular mortgage software solutions offered by OpenClose to mortgage bankers, credit unions, banks, conduit aggregators and other lending entities. As it continues with expansion efforts, OpenClose is also hiring integration specialists, technical support staff, enterprise sales associates and a business development executive.

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) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 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.

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

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.

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

Five Top-30 Lenders Choose Cloudvirga’s Digital Mortgage Platform in Last 100 Days

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has signed five of the nation's top 30 non-bank lenders in the last 100 days. The new customers collectively originate over $100 billion in loans annually. The announcement follows the firm's addition of Michael Schreck as CEO in June and the completion of a $15 million Series B funding round led by Blackstone Group portfolio company Incenter in March.

"We are experiencing tremendous momentum as the industry's leading lenders come to know Cloudvirga and experience for themselves the power of a digital mortgage platform that attacks back-office costs," said Cloudvirga co-founder and COO Kyle Kamrooz.

"Our clients range from classic retail mortgage companies to lenders focused on direct-to-consumer loans and include some of the country's biggest originators of government loans and other specialty products," added Kamrooz. "What these diverse lenders have in common is a desire to work with a digital platform like Cloudvirga that delivers proven, scalable savings."

For American Financial Network (AFN), the decision to deploy Cloudvirga's technology boiled down to the company's desire to provide a frictionless home-buying experience for not only its tens of thousands of customers, but also for its 750 loan officers.

"We surveyed the digital platforms available in the marketplace and found Cloudvirga to be the leader in truly tackling the problems of mortgage cost and back-end inefficiency while still providing a terrific consumer experience," said John Sherman, president of AFN.

Cloudvirga re-engineers and automates the mortgage workflow to give consumers control over the loan application process and accelerate the mortgage sales funnel for loan officers. The company's digital mortgage technology delivers underwriter-ready loan applications with unmatched speed and quality, resulting in massively reduced costs to produce.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform 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 $25 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.

*LOGO for Media: Send2Press.com/300dpi/17-1115s2p-cloudvirga-300dpi.jpg

Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has signed five of the nation's top 30 non-bank lenders in the last 100 days. The new customers collectively originate over $100 billion in loans annually. The announcement follows the firm's addition of Michael Schreck as CEO in June and the completion of a $15 million Series B funding round led by Blackstone Group portfolio company Incenter in March.

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

Advanced Technology Development Center Adds LBA Ware to Its ATDC Signature Portfolio

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that the Advanced Technology Development Center (ATDC) - Georgia's technology incubator - has accepted LBA Ware to into its ATDC Signature portfolio. As an ATDC Signature company, LBA Ware will have access to ATDC coaching and programming, potential investment capital and additional resources from the Georgia Institute of Technology, including intellectual property and talent.

LBA Ware is the first Macon startup to be accepted into ATDC Signature. The company also is in the financial technology (FinTech) space, a sector of particular focus at ATDC. In 2015, Worldpay US made a $1 million gift to Georgia Tech to create a FinTech program at ATDC.

"Being part of ATDC has been invaluable to LBA Ware's success, and with the promotion from ATDC Accelerate to ATDC Signature, our potential for additional growth only increases," said Lori Brewer, founder and president of LBA Ware. "Moving to the next stage of incubation also validates the ability of our CompenSafe and LOS Talker solutions to improve back-office efficiency for mortgage lenders, and we look forward to extending the reach of LBA Ware's solutions in the market, using the additional resources we will now have at our disposal."

ATDC Signature is a rigorous, metrics-driven and milestones-based program for companies with transformative technology or life sciences products. Companies accepted into the ATDC Signature program must be located in or willing to relocate to Georgia and support ATDC's goal of bringing economic value to Georgia. Entry into the program is by invitation only.

To be considered for ATDC Signature, companies must possess:
* A committed, full-time leadership team with clearly defined goals;
* Industry-changing, disruptive technology or deep intellectual property;
* A scalable product or service;
* A coachable management team; and
* The capacity to accept strategic investments or government grants.

"As Georgia's technology incubator, we are focused on helping to develop and support tech-oriented startup ecosystems across the state," said Jeff Gapusan, ATDC's FinTech catalyst. "The company has a promising technology that serves a market need. Financial institutions continue to adapt to changing consumer demands and a stringent regulatory and compliance framework, and LBA Ware ensures they are able to do so. We're excited to welcome our first Macon-based startup."

About LBA Ware:

Founded in 2008 and headquartered in Macon, Ga., LBA Ware(TM) is a software development company transforming the way mortgage lenders make the American dream of homeownership a reality. As the masters of problem solving, our mission is to inspire opportunity by delivering solutions that become essential to the way mortgage companies operate. 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.

About ATDC:

The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia's technology startup incubator. Founded in 1980 by the Georgia General Assembly which funds it each year, ATDC's mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit http://atdc.org/.

LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that the Advanced Technology Development Center (ATDC) - Georgia's technology incubator - has accepted LBA Ware to into its ATDC Signature portfolio. As an ATDC Signature company, LBA Ware will have access to ATDC coaching and programming, potential investment capital and additional resources from the Georgia Institute of Technology, including intellectual property and talent.

Related link: http://lbaware.com/

IDS Adds Pushback Notifications to Interface with Byte Software

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has added pushback notifications to its existing interface with BytePro Enterprise, the flagship loan origination software (LOS) platform from Byte Software. Through this enhancement, BytePro users will receive mortgage documents and fulfillment status notifications within the LOS platform.

"Working between multiple systems to execute the loan production process is both inconvenient and inefficient, and it significantly increases the likelihood of errors," said Mark Mackey, vice president of IDS. "Every integration IDS builds with its LOS partners is designed to streamline and safeguard the exchange of data between systems, allowing lenders to work within their LOS platform as much as possible. Adding the pushback notification feature to IDS's interface with Byte is yet another step in the on-going process to perfect the LOS-doc prep interaction."

In addition to returning and indexing executed documents, the pushback feature allows IDS to push Fulfillment XML notifications directly through the BytePro platform. Notifications that BytePro users can choose to receive include:

* When the document package is sent to fulfillment;
* When a borrower accepts or revokes eConsent;
* When borrowers download and/or eSign documents;
* When the eSign process has been by all parties; or
* When the documents are mailed.

Pushback events automatically update corresponding disclosure log entries in BytePro, eliminating reliance on hand-keyed entries and helping to assure that compliance timelines are calculated accurately and reliably.

"We're exceptionally proud of the seamless and complete nature of our enhanced integration with IDS," said Mark Todd, national sales and client services manager for Byte Software. "I think it demonstrates the commitment our organizations share to create competitive advantage for our mutual clients."

About Byte Software:
Since 1985 Byte Software has delivered innovative products that provide unprecedented control over the loan manufacturing process, as well as enhance the customer experience. The BytePro platform is trusted by over a thousand banks, credit unions, mortgage bankers and brokers to efficiently move loans from application to secondary loan sale.

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. (http://info.idsdoc.com/)

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has added pushback notifications to its existing interface with BytePro Enterprise, the flagship loan origination software (LOS) platform from Byte Software. Through this enhancement, BytePro users will receive mortgage documents and fulfillment status notifications within the LOS platform.

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

Mortgage Automation Pioneer Hires Veteran Tech Entrepreneur Michael Schreck as CEO

IRVINE, Calif. /ScoopCloud/ -- Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga's board of directors.

Schreck joins cloudvirga on the heels of a successful Series B funding round that netted the company $15 million led by Blackstone Group portfolio company Incenter (joining previous investors Upfront Ventures and Dallas Capital). He brings a deep understanding of the digital mortgage space and two decades of experience nurturing leading tech firms as a CEO, venture capitalist and co-founder.

"The mortgage industry has been waiting for decades for a modern, automated and intelligent software platform that drives down costs while improving compliance," said Schreck. "That software is finally here with cloudvirga, built inside a top originator and now in flight at eight of the country's top 40 non-bank originators. Our customers, whether retail or call center, now have a compelling answer to Rocket Mortgage and a proven path to reducing their costs."

Cloudvirga re-engineers the mortgage workflow to give consumers greater control over the loan application process and accelerate the mortgage sales funnel for loan officers. The company's digital mortgage technology delivers underwriter-ready loan applications with unmatched speed and quality, resulting in massively reduced costs to produce.

"Michael embodies the entrepreneurial mindset and enterprise expertise that will define the next phase of cloudvirga's growth," said Dallas. "His record of success leading top-caliber companies and attracting heavyweight global talent will benefit cloudvirga tremendously as the company continues to accelerate."

For 20 years, Schreck has built and led pioneering companies whose innovative technologies enable the world's leading brands to better engage with their customers. He most recently served as managing director of Altisource Labs, an innovation center within mortgage software provider Altisource Portfolio Solutions. In that role, he was responsible for overseeing more than 1,000 employees across four next-generation software and analytics companies, including leading software-as-a-service providers Equator and Mortgage Builder.

Schreck previously held CEO positions at digital publishing firm Zmags and government service provider Corrective Solutions. He also co-founded General Catalyst Partners, a multi-billion-dollar venture capital firm where Schreck helped develop successful startups including Upromise, SmartBargains, m-Qube and CoreMetrics. Collectively, these companies were acquired for over $1 billion by SLM, GSI Commerce, VeriSign and IBM, respectively.

Schreck started his career as a strategy consultant at McKinsey & Company and Monitor Company. He holds an MBA degree from Harvard Business School and a bachelor's degree from Brigham Young University.

About cloudvirga(SM):

Cloudvirga's next-generation loan officer and direct-to-consumer point-of-sale (POS) systems re-imagine the digital mortgage process by leveraging data and automation to address back-office compliance tasks earlier in the loan process, radically cutting overall loan costs, increasing transparency and reducing the time it takes to close a loan for both borrowers and lenders. Founded by top fintech veterans with a proven track record of building mortgage-related technologies, cloudvirga is committed to delivering software that reinvents the mortgage process for lenders and borrowers. Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators in the United States.

For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn at https://www.linkedin.com/company-beta/7577062/.

* PHOTO for Media: Send2Press.com/mediaboom/17-0613s2p-Schreck-300dpi.jpg
* PHOTO Caption: Michael Schreck joins cloudvirga as CEO.

*Editorial Note: Usage of company name "cloudvirga" is lower case except when starting a sentence, and is a service mark of cloudvirga, Inc.

Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga's board of directors.

Maxwell’s Mortgage Automation Experience Enhanced with The Work Number from Equifax

DENVER, Colo. /ScoopCloud/ -- Maxwell, the emerging leader of digital mortgage automation software, unveiled today a partnership with Equifax Inc., a global information solutions provider, that will provide Maxwell customers and their borrowers with a faster, more seamless experience, beginning with automated employment and income verification through its proprietary database, The Work Number(R) (TWN). Equifax is a launch partner for Maxwell's newly released "Connected Apps" platform built on its powerful API, enabling lenders to customize the experience for their borrowers.

The integration of TWN, the database of income and employment records from Equifax, will enable lenders to access employment and income verifications directly through Maxwell as well as enhance the borrower's loan application experience. TWN is the largest source for up-to-date employment data, providing access to 290 million payroll records from thousands of employers nationwide, including more than 80 percent of Fortune 500 companies.

"Our partnership with Maxwell affirms our commitment to accelerate innovation in mortgage origination," said Gaurav Khanna, general manager of Fraud, Mobile & FinTech partnerships at Equifax. "Lenders using Maxwell will benefit from greater speed of origination and confidence in the information being used for loan decisioning. As the partnership continues to evolve, our access to differentiated assets, advanced analytical tools, and technology will become essential to helping partners like Maxwell drive the mortgage industry forward."

Maxwell revolutionizes the way that mortgage lenders work with their clients to close a mortgage. Lending teams on Maxwell collaborate with homebuyers in an elegant digital workspace, on any device, with connectivity to thousands of data and lending resources. What's more, Maxwell's proprietary algorithms, built on its network of data aggregated across loans, will enable its lenders to move efficiently by delivering insights and workflow adjustments. Maxwell reports that loans on its platform close 22 days faster than the industry average.

"Profitability in the mortgage industry must first be driven by access to reliable data," said John Paasonen, CEO of Maxwell. "Our goal has always been to increase the efficiency of our customers by streamlining access to data for their front-line teams and their borrowers. This partnership with Equifax is a significant step to transform the way the industry originates loans -- most notably in speed, quality and satisfaction."

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 lenders nationwide to serve their customers. Founded in 2015, Maxwell has been named as one of the housing economy's most innovative companies by HousingWire, is a member of the Mortgage Bankers Association, and is proud to be built in Denver, Colorado. Learn more about Maxwell at https://www.himaxwell.com/.

Additional information:
Visit our website at: https://www.himaxwell.com/.
Read the Maxwell blog at blog.himaxwell.com.

Connect with Maxwell:
Like Maxwell on Facebook https://www.facebook.com/MaxwellHQ
Follow Maxwell on Twitter @ilovemaxwell and LinkedIn https://www.linkedin.com/company/6605907.

For more information, please contact the Maxwell press office at 888-256-6067 or meetmax@himaxwell.com.

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Maxwell, the emerging leader of digital mortgage automation software, unveiled today a partnership with Equifax Inc., a global information solutions provider, that will provide Maxwell customers and their borrowers with a faster, more seamless experience, beginning with automated employment and income verification through its proprietary database, The Work Number(R) (TWN).

Phil McCall of ARMCO Wins Prestigious 2017 Tech All-Star Award from the Mortgage Banking Association

CHICAGO, Ill. /ScoopCloud/ -- National Technology Conference & Expo - ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that Chief Operating Officer Phil McCall has won the Mortgage Banking Association's (MBA) 2017 Tech All-Star Award.

The MBA started the award in 2002 to recognize executives who have made significant technology innovations and contributions to the mortgage industry. Each year the award is given to a select group of highly successful mortgage technology leaders who, over time, have made major strides with various types of technology automation. There are only a handful of winners that win the coveted award each year. Mr. McCall is one of only five technology executives selected for this prestigious award in 2017.

"Technology is critical to the growth of our industry and the success of our members' businesses," said MBA Chairman Rodrigo Lopez, CMB. "We have been fortunate to have a dedicated and diverse array of true innovators who continue to push the envelope and move our industry forward. MBA is honored to recognize the men and women making significant technological contributions to the real-estate finance industry."

Mr. McCall has more than 20 years of executive-level experience in the mortgage industry. He is a seasoned expert in quality control, loan origination and underwriting, forensic loan auditing, mortgage fraud, loss and litigation, and real estate-based transactions. Notably, Mr. McCall has experience working both as a mortgage banker and a mortgage technology leader. This unique blend has been instrumental in helping him fully understand, work hands-on with and develop technologies that benefit the mortgage industry as a whole.

"Phil is a highly respected subject matter expert on the topic of loan quality control and compliance. He is also a proven developer and implementer of enterprise-class technology solutions that enable lenders and servicers to meet their organizational, GSE, CFPB and investor audit requirements," stated Avi Naider, chairman and chief executive officer at ARMCO. "We are excited that the MBA designated Phil to its Tech All-Stars list comprising highly accomplished mortgage technology executives. Phil has given a great deal back to the mortgage industry to help move it forward; this award is well-deserved and we congratulate Phil on his ongoing success."

Mr. McCall was the primary designer of ARMCO's ACES Analytics(R), the first mortgage quality control benchmarking platform in the industry, which aggregates anonymized data from many companies to produce industry benchmarks. The ACES Analytics benchmarks are published in ARMCO's Mortgage QC Quarterly Industry Trends Report. This groundbreaking report breaks down loan defects identified during the post-closing quality control process by utilizing the Fannie Mae loan defect taxonomy along with trending, detailed analysis and key benchmarking data.

"To win the MBA's Tech All-Star Award is an enormous honor for me and I'm humbled and flattered," stated Phil McCall, COO of ARMCO. "I've been a technologist and business person my entire career helping to develop and evangelize high-impact software. I'm elated to join the ranks of other winners who have done positive things for the mortgage industry."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

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

National Technology Conference & Expo -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that Chief Operating Officer Phil McCall has won the Mortgage Banking Association's (MBA) 2017 Tech All-Star Award.

Mortgage Automation Pioneer cloudvirga Raises $15 Million in Series B Funding

IRVINE, Calif. /ScoopCloud/ -- cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings.

Cloudvirga's flagship mortgage point-of-sale (POS) system, the iMP empowers consumers to take the helm of a completely re-engineered mortgage workflow that automates the entire initial disclosures process and delivers unmatched transaction speed and efficiency to both borrowers and lenders. Central to cloudvirga's success is its ability to maintain strict regulatory compliance, reduce time to close and save lenders money by moving many traditional back-office tasks to the front of the loan process.

"Unprecedented mortgage regulation has exacerbated an already labor-intensive lending process and inconsistent consumer experience, making our solution more viable than ever," said Kyle Kamrooz, co-founder of cloudvirga. "We are thrilled to have the support of such a well-respected group of investors and look forward to continuing to shake up an antiquated industry process."

According to a key investor spokesperson, the mortgage industry is at a technological tipping point that is uniquely addressed by cloudvirga's innovation and enterprise solution. A fintech company at its core, cloudvirga launched its iMP in early 2016 and has since partnered with several mega and mid-tier lenders to process more than $15 billion in loans.

About cloudvirga(SM)
Cloudvirga is the company behind the cloud-based intelligent Mortgage Platform(R) (iMP) designed to streamline the mortgage process. The platform is digitizing the mortgage industry by leveraging data and deploying an automated workflow to reduce overall cost, increase transparency and shorten the time it takes to close a loan for both borrowers and lenders. Founded by Bill Dallas, Kyle Kamrooz and Mark Attaway, seasoned financial veterans with a proven track record of building mortgage-related technologies, cloudvirga is disrupting the antiquated mortgage industry.

For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn at: https://www.linkedin.com/company-beta/7577062/.

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Cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings.

LBA Ware Adds Matthew Marshall as Solutions Consultant

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Matthew Marshall as a solutions consultant to support the firm's sales efforts. In this role, Marshall will be responsible for articulating the value proposition of LBA Ware's solutions through preparing and delivering technical presentations to clients and prospects, while also collaborating with the sales team to understand customer requirements and provide support where needed.

"The demand from mortgage lenders for solutions that facilitate the efficient assembly and organization of data and eliminate redundant, manual, and inefficient processes has steadily increased," said Lori Brewer, founder of LBA Ware. "Matthew Marshall's deep background in project management and FinTech solutions makes him uniquely qualified to help LBA Ware manage its next stage of growth."

Before joining LBA Ware, Marshall served as a project manager and strategic business advisor for Q2ebanking, a leading provider of secure, cloud-based digital banking solutions for community-focused financial institutions (FIs). While at Q2ebanking, Marshall was responsible for developing readiness and execution plans for FIs undergoing online banking system and core conversions, as well as the installation and upgrading of Q2ebanking's digital banking products. Marshall is also a veteran of the United States Army, serving first as an enlisted combat medic and later as an infantry officer.

"I've followed LBA Ware since moving to central Georgia and am excited to have an opportunity to continue my career in financial technology with such a reputable and progressive company. LBA Ware's reputation and operating culture are second to none," Marshall said.

Marshall received his Bachelor of Arts degree in Administration of Justice and Spanish from the University of Southern Mississippi and his Masters of Business Administration in Finance from the American Military University.

About LBA Ware:
Founded in 2008 and headquartered in Macon, Ga., LBA Ware is a leading provider of mortgage and retail banking technology solutions. With over 25 lending-oriented applications still in operation today, LBA Ware provides cutting edge solutions that leverage automation and system integration to ease the pain points of repetitive manual workflow, empowering lenders to maximize 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 lending and retail banking, announced it has hired Matthew Marshall as a solutions consultant to support the firm's sales efforts. In this role, Marshall will be responsible for articulating the value proposition of LBA Ware's solutions.