Tag Archives: FinTech

Northwest Bank Collects Fees within Minutes with LenderLogix FeeChaser

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Fee Chaser integrates with Northwest Bank's loan origination system (LOS) to send a unique link to the borrower within one click. On average, borrowers make a payment within five minutes of receiving the link. Once paid, all parties receive a receipt, and the LOS is automatically updated.

"As a service-oriented bank, we're constantly seeking ways to enhance the value we provide to our customers. Fee Chaser has taken our borrower experience to the next level by helping us extend the five-star service we deliver to our mortgage customers beyond the initial point of contact," said Rocco Diina, Northwest Bank Senior VP and Head of Mortgage Sales. "Thanks to the support from the LenderLogix team, we were able to go live within a matter of weeks."

"Our partnership with Northwest Bank is an example of our commitment to empowering lenders with cutting-edge technology to enhance their operations," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "It's our firm belief that borrower experience is the key differentiator for lenders. The lenders investing in their tech now in a down market will be the same lenders at the top when the market reverses course."

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

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

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

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

Agile Appoints Greg Vacura as President to Further Mission of Creating a Better MBS Market

PHILADELPHIA, Pa. /ScoopCloud/ -- Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers together on a single electronic platform, today announced the appointment of Greg Vacura as company president. Mr. Vacura will be working to fulfill Agile's mission to create a better mortgage-backed securities (MBS) market through increasing liquidity and automation in TBAs, MBS pools, and AOTs. Agile replaces legacy phone and email processes with an electronic platform designed to help the mortgage asset class operate more efficiently and market participants thrive.

"The mortgage industry has a long way to go on the path towards improving liquidity and execution through adoption of marketplace solutions," stated Greg Vacura, president at Agile. "I'm excited to leverage my past experience pushing the industry forward in my new role, particularly during this time of challenging market conditions with the opportunity to help so many industry participants."

Mr. Vacura is a thirty-year mortgage industry veteran who previously served as SVP of Correspondent Pricing at Wells Fargo Funding, where he managed all aspects of correspondent mortgage pricing activity including the mandatory trade desk, best efforts lock desk, revenue analytics, and correspondent pricing vendor relationships.

Mr. Vacura's development of the bid tape assignment-of-trade (AOT) loan sale delivery method in 2018 is credited as one of the most significant innovations in the mortgage secondary market in the last decade. This delivery method combined the cash and execution benefits of trade assignment with the granularity and flexibility of bid tape pricing, and saw rapid proliferation among both mortgage sellers and mortgage buyers offering their own bid tape AOT programs.

"I am confident that Greg's open, positive, and transparent management style coupled with his subject matter expertise in the whole loan and mortgage securities aspects of our industry will allow him to ably lead Agile," said Curtis Richins, CEO. "We are proud of our role in educating lenders about the benefits of bid tape AOT alongside Greg since 2018, and can't wait to see how he continues to innovate in his new position at Agile."

Agile recently facilitated execution of the mortgage industry's first ever fully-automated AOT and has plans to further improve the utilization and convenience of AOTs under Mr. Vacura's leadership. Agile is a digital request for quote platform that replaces manual, phone-based processes to create a revolutionary new electronic marketplace. Agile is available on a stand-alone basis or as complementary software to other electronic marketplaces or hedge advisory services, facilitating a seamless trading experience with existing processes.

Contact Agile for more information on improving MBS liquidity and efficiency: https://trade-agile.com/contact-us/

About Agile:

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors.

Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size.

Learn more: https://trade-agile.com/

Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers together on a single electronic platform, today announced the appointment of Greg Vacura as company president. Mr. Vacura will be working to fulfill Agile's mission to create a better mortgage-backed securities (MBS) market through increasing liquidity and automation in TBAs, MBS pools, and AOTs.

Related link: https://trade-agile.com/

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

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

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

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

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

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

About LenderLogix:

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

RELATED LINKS:

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

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

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

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

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

Introducing RapidVerify: A Cutting-Edge Solution for Applicant Document Verification

AUSTIN, Texas /ScoopCloud/ -- In today's business landscape, where companies are facing the disconcerting reality of losing up to 5% of their revenue to fraudulent activities, the urgency for a reliable and efficient solution is critical. RapidVerify is proud to announce the launch of its innovative Software-as-a-Service (SaaS) platform specifically engineered to address the pressing issue of document fraud.

RapidVerify: Secure and Real-Time Verification

RapidVerify is a groundbreaking SaaS platform that enables businesses to swiftly verify employment, income, liabilities, and more in real-time. This allows companies to make well-informed decisions expeditiously, thereby mitigating the risk of fraud. The platform is fully integrated with over 100 online SaaS platforms, ensuring a comprehensive solution that effectively reduces the risk of fraud by verifying directly with the original source. This direct verification minimizes the possibility of data manipulation and guarantees an exceptional level of data integrity and authenticity.

Say Goodbye to Paper Clutter

One of the major advantages of RapidVerify is the elimination of the need for paper paystubs or bank statements. The entire verification process is digital, making it both efficient and environmentally friendly. Additionally, applicants can complete the verification process from the comfort of their own homes, adding a layer of convenience to the experience.

A Word from the Founder

Jeff Flynt, the Founder of RapidVerify, states, "Our primary objective with RapidVerify is to streamline the applicant verification process. We have developed a user-centric platform that effortlessly integrates with the software tools businesses utilize daily, thereby boosting productivity and offering a streamlined experience."

Ease of Use and Wide Coverage

Creating a verification request through RapidVerify is a streamlined process. Businesses can generate the request either through the RapidVerify platform or within the software they are already employing. Applicants can input their information from any location using the platform's intuitive interface. Detailed verification reports are delivered in a matter of minutes via email or directly back into the company's platform.

Additionally, RapidVerify boasts extensive coverage, encompassing approximately 85% of the U.S. workforce for income verification via payroll providers. The platform also offers robust API access to businesses subscribed to any of its plans, enabling further customization and integration possibilities.

Identity Verification

RapidVerify takes security to the next level by incorporating identity verification. This ensures that the information being verified is associated with the correct individual, adding an additional layer of security and authenticity to the process.

Utility Billing Data and Proof of Residency

RapidVerify's capabilities extend beyond employment and income verification. The platform can also furnish utility billing data from electric, water, and gas companies, which is often considered the standard for proof of residency.

Invitation to Embrace RapidVerify

RapidVerify extends an invitation to property managers, dealerships, and small lenders to safeguard their businesses from potential revenue loss due to fraud and bolster their decision-making process through the utilization of RapidVerify's services.

For additional information, please visit https://www.rapidverify.io/.

About RapidVerify

RapidVerify is a leading provider of real-time verification services, aiding lenders, property managers, dealerships, and other businesses in ensuring data integrity and minimizing risk associated with fraud. Through its state-of-the-art platform, RapidVerify is setting new standards in document verification, offering unmatched security and convenience.

In today's business landscape, where companies are facing the disconcerting reality of losing up to 5% of their revenue to fraudulent activities, the urgency for a reliable and efficient solution is critical. RapidVerify is proud to announce the launch of its innovative Software-as-a-Service (SaaS) platform specifically engineered to address the pressing issue of document fraud.

Related link: https://www.rapidverify.io/

Q4 2022 ACES Mortgage QC Industry Trends Report Shows Decline in Critical Defect Rate to 1.84%

The quarterly defect rate declined 25.5% over Q3, though the annual defect rate remained above 2% for 2022 /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) of 2022, as well as the full calendar year (CY). The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

Notable findings from the Q4/CY 2022 report include the following:

* The overall critical defect rate declined 25.5% over Q3 2022, ending the quarter at 1.84%.

* Due to two consecutive quarters of +2% defect rates, the overall rate for CY 2022 was 2.07%.

* Of the four major underwriting categories, Credit improved considerably over Q3, while Liabilities achieved a more modest improvement. Both Assets and Income/Employment increased significantly, ending Income/Employment's multi-quarter trend of decline.

* Income/Employment remained the leading category of defects reported, with Assets and Borrower and Mortgage Eligibility completing the top three categories of defects cited.

* A sub-category analysis of the Assets and Income/Employment categories found documentation to be the leading driver of defects within these two categories.

* Appraisal defects also increased in Q4, ending another multi-quarter trend of decline.

* Purchase share remained high in Q4, with the industry achieving defect parity for the quarter.

* Despite declining in terms of review share, FHA defects increased for the second consecutive quarter, as did conventional loans. USDA and VA loan defects continued to improve.

"After last quarter's historic high of 2.47%, the reduction in Q4's critical defect rate to a sub-2% level is encouraging and illustrates just how much the precipitous drop in origination volumes impacted lending operations," said ACES Executive Vice President Nick Volpe. "However, lenders are starting to see the GSEs take an aggressive stance on repurchase requests for loans with curable defects. In addition, HUD has yet to complete its reviews of some vintage FHA loan production, an area notorious for defects. All of this may spell trouble for lenders that are already financially strapped due to declining volumes."

Findings for the Q4 2022 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"Loan defects are one of the greatest sources of financial risk to lenders in today's tight origination market," said ACES CEO Trevor Gauthier. "The best defense against this kind of threat is a robust QC auditing platform like ACES, which helps lenders retain the value of their loan production by identifying the point of origin for loan defects within the manufacturing process and uncovering defect trends to help resolve these issues before they become the impetus for a repurchase request or sale on the scratch-and-dent market."

The Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

ACES executives will analyze the Q4 2022 ACES Mortgage QC Industry Trends Report findings and offer insights into what lenders can expect in future quarters during a webinar titled, "QC Trends and Industry Insights" as part of its ongoing QC NOW Web Series.

Visit the ACES Webinar page for upcoming registration details: https://www.acesquality.com/resources/webinars.

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) of 2022, as well as the full calendar year (CY).

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

Nomis Solutions hires Amy Chase as Senior Vice President of Services

SAN FRANCISCO, Calif. /ScoopCloud/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced that client success veteran Amy Chase has been tapped as Senior Vice President of Services. Chase will be responsible for leading implementations of Nomis Solutions and delivering ongoing services to existing clients.

"Amy is a recognized leader in software services who understands the needs of customers, employees, and investors. She is a passionate customer advocate, and we're excited to have her as a member of our leadership team," said Greg Demas, president of Nomis Solutions.

Chase has nearly 20 years of experience in professional services and client success. Previously, Chase was the vice president of customer success for global software company Blackbaud and software provider Frontline Education. She brings expertise in growing cloud-based software companies and transforming the client experience to ensure clients are achieving their business outcomes. As a proven leader in services, she has overseen the automation of critical processes, business process reengineering, product and service launches, sales and business development and renewal execution.

"In this stage of Nomis' growth, there is a tremendous opportunity to leverage our industry expertise to provide consultative guidance to our client base and bring new service offerings and capabilities to market. Client-first strategies are key to doing so effectively," said Chase. "Throughout my career, I've been an internal champion for the customer's voice, and I look forward to continuing that effort at Nomis to ensure our client's needs remain at the forefront of our strategy."

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences.

While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable.

To learn more, visit: https://nomissolutions.com/.

Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced that client success veteran Amy Chase has been tapped as Senior Vice President of Services. Chase will be responsible for leading implementations of Nomis Solutions and delivering ongoing services to existing clients.

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

Jonathan Nahil joins FormFree as chief technology officer

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that it has brought on Jonathan Nahil as chief technology officer (CTO). Nahil possesses more than 20 years of experience as a software architect and leader of development teams at renowned technology organizations.

Previously, Nahil worked at Accenture, where he spent more than a decade as global head of architecture for the Mortgage Cadence suite of enterprise loan origination applications. He has also held senior software leadership positions at publicly traded companies Twilio and Amazon.

Immediately before joining FormFree, Nahil was a software architect at customer service automation platform Ada. His responsibilities included designing software systems, collaborating with senior leadership on strategic initiatives and providing technical guidance to the product development teams.

"I've helped organizations break the status quo with innovative technologies, and I look forward to helping FormFree do just that with products that enable lenders to support financial inclusion and responsible underwriting," said Nahil. "I am honored to be a part of FormFree's mission to build the next generation of the consumer lending experience and expand credit to those not served by the current model."

"Although we come from different backgrounds and have unique specialties, each member of the FormFree team shares a revolutionary spirit - a spirit I recognized in Jonathan Nahil immediately," said FormFree Founder and CEO Brent Chandler. "I can't think of a better person to keep our technology on the leading edge of the mortgage industry's alternative credit revolution."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index(TM) (RIKI(TM)), an innovative method for evaluating consumer creditworthiness based on residual income analysis.

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

FormFree® today announced that it has brought on Jonathan Nahil as chief technology officer (CTO). Nahil possesses more than 20 years of experience as a software architect and leader of development teams at renowned technology organizations.

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

Vice Capital Markets Releases Integration with Freddie Mac Income Limits API

NOVI, Mich. /ScoopCloud/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it is one of the first Freddie Mac-integrated Secondary Market Advisors (SMAs) to release an integration with Freddie Mac's Income Limits application programming interface (API). The API grants Vice Capital customers easy access to area median income (AMI) information to quickly determine if a loan meets the AMI percentage eligibility criteria for certain Credit Fee Caps.

"Affordability is top of mind for all lenders these days, and our clients are no exception," said Vice Capital President Troy Baars. "With the new integration to Freddie Mac's Income Limits API, Vice Capital allows our shared clients balance the desire to provide home financing options for mortgage-ready low to-moderate income borrowers while still meeting their secondary execution goals."

In late 2022, Freddie Mac announced targeted pricing changes, including eliminating upfront credit fees for certain borrowers and affordable mortgage products with specific limits on the borrower's income as a percentage of AMI. Integration with the Income Limits API empowers Vice Capital's clients to send income information and the property address to easily assess whether the borrower may qualify for the waiver of certain upfront credit fees. The API identifies loan criteria for the following conditions: High-Cost Area, 120% AMI, High Needs Rural Region Indicator and Rural Area Indicator.

Additionally, the API allows clients to access the area median income limit percentage for loans not currently locked in the pipeline by entering the state and zip code. Lenders can then use this information, along with Exhibit 19 Credit Fees and Exhibit 19A Eligibility Criteria for Credit Fee Caps, to determine if the loan may be eligible for a Freddie Mac Credit Fee Cap.

Income Limits is one of several integrated Freddie Mac APIs that Vice Capital leverages to help its clients extract maximum value from their relationship with Freddie Mac. Other integrated Freddie Mac APIs include Cash Purchase Settlement Statement and Cash-Released Xchange®.

"As an advisor to numerous Freddie Mac Seller/Servicers, these APIs make it tremendously easier for organizations like ours to access pricing and execute cash and guarantor commitments on behalf of our clients," Baars added. "Our long-standing SMA relationship with Freddie Mac is a point of pride for us, and we look forward to continuing to work alongside Freddie Mac to find new and innovative ways to meet our shared clients' individual secondary and capital markets needs."

About Vice Capital Markets:

Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized profitability on MBS trades and mortgage-related transactions for banks, credit unions and mortgage lenders of all sizes. With an average of more than 10 years' experience behind each of the traders on our team, Vice Capital has helped its clients realize, on average, a 25 to 55 bps improvement over their best effort execution, and Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients. Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it is one of the first Freddie Mac-integrated Secondary Market Advisors (SMAs) to release an integration with Freddie Mac's Income Limits application programming interface (API).

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

LenderLogix enhances LiteSpeed point-of-sale platform to support communication with Spanish-speaking mortgage borrowers

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced its streamlined point-of-sale (POS) LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.

The Urban Institute estimates that Hispanics will comprise 70% of all new homeowners by 2040. In addition, the 2022 State of Hispanic Homeownership Report from the National Association of Hispanic Real Estate Professionals (NAHREP) notes that 7.9 million Latinos aged 45 and under are mortgage-ready, with another 2.8 million who are near mortgage-ready, and that Latinos have the largest near mortgage-ready population of any racial or ethnic group. By having Spanish as a supported language option within LiteSpeed, lenders can better communicate with the Spanish-speaking subset of their limited English proficiency (LEP) borrowers to ensure they enter the homebuying process with greater confidence and a clearer understanding of the transaction.

"The data doesn't lie. Hispanic and Latino borrowers will represent a significant portion of homeownership growth over the next few decades, and lenders must prepare to serve the unique and varied needs of this demographic, including the ability to communicate in the borrower's native language when that language is something other than English," said LenderLogix Founder and CEO Patrick O'Brien. "As the second most common language spoken in the U.S. other than English, supporting Spanish within LiteSpeed just makes sense as a starting point. We foresee adding other language options to help our customers expand homeownership access to even more LEP borrowers."

With LiteSpeed, small to mid-sized lenders gain the POS functionality essential to competing effectively in today's digitally-driven mortgage market at a price point aligned with their organization's size and budgetary needs. Designed for rapid implementation and minimal internal support requirements, LiteSpeed provides borrowers a white-labeled, digitally native user experience that helps lenders gain more leads faster and increase application rates to drive conversion. As an ICE Mortgage Technology(tm) Gold Partner, LenderLogix has built a direct integration between LiteSpeed and Encompass(R) to ensure lenders can operate in a seamless environment from the first point of contact to maximize their loan origination system (LOS) investment.

About LenderLogix:

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

LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced its streamlined point-of-sale (POS) LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.

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

ACES Quality Management unveils ACES PROTECT® mortgage compliance testing module

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announces the addition of ACES PROTECT, a suite of automated regulatory compliance tests, to its flagship ACES Quality Management & Control® quality control (QC) auditing platform. ACES PROTECT enables lenders to reduce audit time and improve oversight by incorporating automatic compliance testing into their overall QC auditing environment.

"Given the nature of originations right now, calculation errors and other compliance missteps are even more costly," said ACES CEO Trevor Gauthier. "ACES PROTECT gives our clients an added layer of compliance protection that is seamless and cost-effective, enabling them to significantly increase audit productivity while still independently validating loan eligibility calculations."

Through ACES PROTECT, ACES users can easily access a suite of compliance checks within the ACES platform, including certification of loan estimate/closing disclosure calculations, high-cost mortgage and high-price mortgage loan testing, TRID fee tolerance, Qualified Mortgage (QM) tests and other critical compliance tests. ACES users can quickly and easily run compliance tests without leaving the system and automate tasks and exceptions for any alerts, significantly increasing audit productivity. ACES PROTECT provides complete visibility into its calculations via detailed loan-level reporting that clearly communicates a loan's compliance status. Users can select and pay for only the tests they need and automate tasks and exceptions for any alerts to control costs while increasing productivity and ensuring compliance.

"ACES PROTECT has allowed us to automate several of our manual fee compliance tests using a fully supported application, giving us greater efficiency, improved accuracy and better reporting," said Anthony DeAngelo, Director of Sourcing and Procurement for USAA's Managed Services department. "With ACES PROTECT, we're able to test using the parameters we set in ACES PROTECT and, if needed, change them on the fly. All of this gives us improved confidence when sharing our results with management, auditors and regulators."

To learn more, contact your ACES representative or request an ACES PROTECT demo at https://www.acesquality.com/demo.

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

* 2 of the top 3 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announces the addition of ACES PROTECT, a suite of automated regulatory compliance tests, to its flagship ACES Quality Management & Control® quality control (QC) auditing platform.

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

Nomis Solutions Joins FIS Emerald 2023 as Silver Sponsor

SAN FRANCISCO, Calif. /ScoopCloud/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the FIS Emerald 2023 Conference, which will be held May 15-18 at Walt Disney World resorts in Orlando, Fla., hosted by FIS Global, a global leader in financial services technology.

"As consumers look to brands to provide them personalized experiences and product offerings, Nomis will demonstrate how customer-centric pricing is the most critical avenue for financial service providers to set themselves apart today," said Greg Demas, president of Nomis Solutions. "The content scheduled for FIS Emerald 2023 is innovative and thought-provoking, and we look forward to joining thought-leaders in sharing ways banks, credit unions and captive lenders can leverage technology to craft optimal financial solutions for their customers at scale."

The FIS Emerald conference is an industry-leading event and the perfect blend of education and networking opportunities to interact with industry peers and the FIS team. This year's theme is "NOW," focusing on how technology partners can help banks, investment funds and other financial services firms position their institutions for growth not just in the future but now.

Over 1,700 leaders from across the country will attend this year. FIS Emerald 2023 will feature breakout tracks highlighting Modern Banking Platform, Asset/Auto Finance, Commercial Loan Origination and Credit Assessment, Digital Banking for Large Financial Institutions and Back Office Services. The conference will feature keynote addresses from former U.S. Treasury Secretary Dr. Lawrence Summers and Hall of Fame quarterback Peyton Manning. Other event sponsors include AWS, Entrust, EY, Epson, HID, IBM, Mastercard, PwC, Syngo, Verifore and Visa.

To learn more about FIS Emerald 2023, visit https://www.fisemerald.com.

About Nomis Solutions

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences. While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing individualized and profitable relationships with customers. To learn more, visit https://nomissolutions.com/.

Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the FIS Emerald 2023 Conference, which will be held May 15-18 at Walt Disney World resorts in Orlando, Fla., hosted by FIS Global, a global leader in financial services technology.

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

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

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

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

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

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

About LenderLogix

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

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

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

FormFree and Brimma Tech announce partnership to expedite matching of prospective homebuyers with best-fit loan products and lenders

RALEIGH, N.C. /ScoopCloud/ -- Mortgage software development and solutions firm Brimma Tech (Brimma) today announced a strategic collaboration with ability-to-pay fintech FormFree®. The integration of Brimma's AI-enabled chatbot service into FormFree's Passport® mobile app will make it possible for prospective homebuyers to find their ideal loan product from the convenience of their mobile device, without the need to first complete a detailed loan application.

Passport gives consumers one place to manage their complete Financial DNA® - including assets, employment, income, public records, credit score and rent payment history - and makes it easy to securely share this information with lenders when shopping for a mortgage loan or other financial service.

Founded in 2016, Brimma is a sanctioned Solution Provider Partner for ICE Mortgage Technology® that helps mortgage lenders optimize their investments in technology through bespoke business optimization solutions. Brimma's Vallia Chat bridges the gap between the information in a lender's loan origination system (LOS) and the people who need it by allowing loan officers and consumers to ask questions and get answers in plain English.

"We're thrilled to partner with Brimma Tech to enhance our Passport mobile app with conversational interactions that expedite the matching of prospective homebuyers with best-fit loan products and the lenders that provide them," said FormFree Founder and CEO Brent Chandler, who will join Brimma's advisory board as part of the deal. "Together, we can provide consumers and lenders with even more accurate and timely data to make informed lending decisions."

Said Brimma CEO Supree Periasamy, "We are excited to join forces with Brent and his team to combine FormFree's industry-leading ability-to-pay analytics with Vallia Chat's comprehensive understanding of loan underwriting guidelines and sophisticated parsing of borrower interactions. We also welcome Brent to our advisory board, where his experience will be invaluable as we continue to innovate and enhance our offerings in the financial technology space."

About Brimma Tech:

Brimma Tech is a software development company that specializes in building innovative software products, including enterprise software, web applications, and mobile apps. The company's global team of developers and engineers have expertise in a wide range of technologies, including artificial intelligence and machine learning. Brimma Tech works with clients across industries to leverage its broad solution catalog as well as to develop custom software solutions that meet their unique needs. Learn more: https://brimmatech.com/.

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Twitter: @FollowBrimma @RealFormFree

RELATED LINKS:

https://vallia.brimmatech.com/

https://www.formfree.com/passport/

Mortgage software development and solutions firm Brimma Tech (Brimma) today announced a strategic collaboration with ability-to-pay fintech FormFree®. The integration of Brimma's AI-enabled chatbot service into FormFree's Passport® mobile app will make it possible for prospective homebuyers to find their ideal loan product from the convenience of their mobile device, without the need to first complete a detailed loan application.

Related link: https://brimmatech.com/

MCT AOT Automation Improves Mortgage Lender Profitability and Investor Efficiency

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has automated the process of digital TBA trade assignment during the loan sale process for both mortgage lenders and participating correspondent investors. This automation makes assignment of trade loan sales (AOTs) faster, more convenient, and easier for investors to offer, and is expected to further expand on the $19.5 million in cumulative savings experienced by MCT's lender clients as a result of AOTs in 2022.

"During a time of extreme pressure on profit margins industry-wide, we're proud of the impact AOT automation has had for our lender and investor clients," shared Justin Grant, Senior Director, Head of Investor Services at MCT. "Based on our conversations with investors who offer AOTs, we estimate MCT lenders represent around ninety percent of AOT executions in the market today."

AOTs are an increasingly popular industry practice that involves three counterparties - mortgage originator, mortgage investor, and broker dealer - transferring loan collateral and hedge positions to a mortgage investor and executing a tri-party agreement. While the AOT process has been automated for MCT mortgage originators for several years, recent improvements to the functionality have automated the process for participating correspondent investors with support from an integration with Agile's TBA platform.

"As a mortgage investor, Village Capital is always looking for ways to integrate technology to improve the price and efficiency for our approved lenders," said Brandon Knudson, VP of National Correspondent Sales at Village Capital. "Full automation of the AOT process allows us to pass along improved execution to our customers as well as improve the efficiency of processing the AOTs. Since everyone is using the same database of record, it greatly reduces any potential errors and speeds up the process of acceptance."

AOTs enable mortgage lenders to save the bid-offer spread on the to-be-announced mortgage-backed securities (TBAs) used to hedge their open mortgage pipeline. Due to market volatility these bid-offer spreads have been historically wide, averaging 11.3 basis points in 2022. Participating MCT lenders saved an average of $97,538 each through AOTs in 2022.

MCT's Investor Services division offers a comprehensive suite of tools for correspondent investors, including AOT automation and support developing new AOT delivery channels. MCT's AutoBid bid tape pricer automates the process of pricing bid tapes and accepting commitments, while Investor Analytics features unique reporting and visualizations designed to optimize investor pricing and build market share. More AOT channels and sharper investor pricing directly benefits MCT's lender clients and allows investors to improve their market share without lowering margins. Contact MCT to learn more about AOT strategy for lenders and investors.

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, Healdsburg, and San Antonio. 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 automated the process of digital TBA trade assignment during the loan sale process for both mortgage lenders and participating correspondent investors. This automation makes assignment of trade loan sales (AOTs) faster, more convenient, and easier for investors to offer.

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

MMI increases platform’s business intelligence and expands mortgage and real estate data analytics capabilities with its Custom Dashboard Hub

SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, announced today it has launched its new Custom Dashboard Hub and expanded the business intelligence (BI) tools available on its platform, increasing users' ability and ease in developing strategy, recruiting, nurturing talent and discovering new opportunities.

"With our new Custom Dashboard Hub, users can tap into MMI's deep well of mortgage and real estate data in a faster, more visual format," said MMI founder and CEO Ben Teerlink. "And with an ever-increasing amount of granularity of data, MMI clients have access to competitive analyses and insights of greater specificity and accuracy than ever before."

The expanded dashboard capabilities will allow users to:

* Analyze the market to find hidden pockets of opportunity and gain a competitive advantage at a local market level;

* Delve deeper into their organization's existing data to uncover hidden trends;

* Align sales strategies with overall business goals, including affordable lending initiatives;

* Determine where to adjust pricing to maximize performance in a particular metropolitan statistical area (MSA);

* Develop business development and/or operational strategies using current market data to stay ahead of the curve;

* Recruit using up-to-date production metrics;

* Provide quantitative feedback on loan originator (LO) performance; and

* Identify top overall growth opportunities.

Furthermore, market analysis tools allow users to locate and track high-performance real estate and mortgage markets in their area and show nationwide trends. Up-to-date benchmark statistics enable LOs to quickly compare their performance to their peers nationally and locally. Users can manipulate criteria and filter data on their own - from county to loan type and more - to quickly visualize results relevant to their business. MMI is constantly developing new dashboards in response to the mortgage industry's needs and continuous user feedback and requirements.

"I've found MMI to be beyond insightful in providing data to expand market share and capture new referral partners and recruiting targets," said John Meussner, Production Manager at Mason-McDuffie Mortgage. "With the granular data provided through MMI's updated dashboards, I can focus on targets with whom I know I'll achieve a high success rate, making my efforts more efficient. Best of all, MMI allows me to put more time toward other money-saving activities."

"Enterprise mortgage companies no longer need to feel compelled to purchase and manage their own BI tools," continued Teerlink. "Instead, they can opt to work with MMI to compile the data they need within their own custom dashboard(s). The Custom Dashboard Hub is a one-stop shop for lenders and LOs looking to supercharge their existing BI."

To learn more about MMI and its new Custom Dashboard Hub for mortgage and real estate professionals, contact sales@mmi.io.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 450 enterprise customers, including 20 of the top 25 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, announced today it has launched its new Custom Dashboard Hub and expanded the business intelligence (BI) tools available on its platform, increasing users' ability and ease in developing strategy, recruiting, nurturing talent and discovering new opportunities.

Related link: https://mmi.io

TRUSTSTAR – POWERED BY SENSA AI – AI Driven INSIGHTS for Realty and Mortgage

AUSTIN, Texas /ScoopCloud/ -- In the fall of 2022, Tecnotree acquired TrustStar, a SaaS application using proprietary artificial intelligence designed to provide mortgage loan officers with a simple way to access relevant market data to grow their businesses. TrustStar delivers a robust set of features that include loan officer insights, listing trends, realtor match, intelligent recruiting, lender competition, and many more through its powerful artificial intelligence platform, and now powered by Tecnotree, a world leader of 5G multi-cloud enabled digital technology.

In 2022, TrustStar was highlighted in Housing Wire as a Technology Trendsetter and given second place in the National Mortgage News Digital Mortgage Conference. TrustStar is committed to helping mortgage loan officers, and other mortgage professionals receive imperative insights into their local markets. In today's compressed mortgage market, understanding the opportunities available has never been more essential.

The acquisition of TrustStar by Tecnotree is a strategic move that underscores a commitment to providing world-class technology solutions that enable its customers to succeed in today's digital economy. With the acquisition of TrustStar, Tecnotree will be able to offer an integrated platform that leverages AI to provide mortgage loan officers with insights and analysis of the mortgage market that can help them grow their businesses. The acquisition of TrustStar by TecnoTree is expected to significantly impact the mortgage industry, providing loan officers with the necessary tools to stay ahead of the competition.

"TrustStar is an exceptional platform that uses AI to provide mortgage loan officers with relevant market data to grow their businesses. We are thrilled to have the opportunity to integrate TrustStar into our platform and provide our customers with the most advanced mortgage market intelligence solution available," said Padma Ravichander, CEO of Tecnotree.

About Tecnotree:

Tecnotree is a unique full-stack digital business management solution catering to digital service providers. Our solutions help communication service providers breakthrough digital barriers, harnessing the power of automation and connectivity. Drawing on 40 years of experience and a global reach, our open-source technology-based products and solutions cover a wide range of telecom business processes and subscription management. Our pre-integrated B2B2X partner ecosystem extends across various sectors, such as gaming, health, education, and OTT.

About TrustStar:

TrustStar is a SaaS application that uses proprietary artificial intelligence technology to provide mortgage loan officers with a simple way to access relevant market data to grow their businesses. TrustStar uncovers the data so mortgage professionals can discover what they are missing in their local markets. TrustStar is dedicated to providing mortgage professionals with a comprehensive data resource, to enhance their competitive edge and help them grow their business. Learn more: https://www.truststar.ai/.

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree is among the first companies in the world to be Platinum Certified by TM Forum Open API standards, and our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V).

In the fall of 2022, TecnoTree acquired TrustStar, a SaaS application using proprietary artificial intelligence designed to provide mortgage loan officers with a simple way to access relevant market data to grow their businesses. TrustStar delivers a robust set of features that include loan officer insights, listing trends, realtor match, intelligent recruiting, lender competition, and many more through its powerful artificial intelligence platform, and now powered by Tecnotree, a world leader of 5G multi-cloud enabled digital technology.

Related link: https://www.truststar.ai/

IndiSoft partners with FormFree to streamline the delivery of housing counseling services to underserved consumers

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that developer of collaborative solutions for the housing finance industry, IndiSoft, is leveraging FormFree's Passport® to enable HUD-approved housing counseling agencies (HCAs) to provide more effective and expeditious consumer counseling.

IndiSoft's National Housing Advocacy Platform (NHAP) seamlessly connects thousands of HUD-certified housing counselors with mortgage lenders, servicers and investors. Passport is an app that enables consumers to electronically share their Financial DNA - which is made up of direct-source identity, asset, income, employment, public records, credit and rent payment data - with financial professionals. Integrating Passport with IndiSoft's HUD-certified client management system, RxOffice CMS, enables housing counselors to advise consumers more efficiently and increase the number of successful consumer outcomes.

HCAs provide an array of counseling services, including pre-purchase, foreclosure prevention and reverse mortgage counseling, and are playing an increasingly vital role in expanding affordable homeownership among low-to-moderate income borrowers and borrowers of color. The HUD Office of Housing Counseling reports that since 2012, it has supported 12.2 million households who sought housing counseling assistance through a HUD-approved HCA.

"Streamlining how HCAs collaborate with consumers and key stakeholders enables HCAs to provide better quality service and increase successful homeownership outcomes for those who need it most," said FormFree Founder and CEO Brent Chandler. "It is with great pride that FormFree partners with IndiSoft to bring innovation to such an important sector of the housing ecosystem."

"As the entire mortgage lending and financial counseling sectors collaborate to close the wealth and homeownership gaps in the United States, we are committed to working with partners like FormFree who share these objectives and deliver products and services that enable their fulfillment," said Hans Rusli, CEO of IndiSoft LLC.

"FormFree is proud to partner with IndiSoft to empower HUD-approved housing counseling agencies with cutting-edge technology that streamlines the consumer counseling process," said FormFree President Eric Lapin. "By integrating our innovative Passport app with IndiSoft's National Housing Advocacy Platform, we are enabling housing counselors to better support sustainable homeownership."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About IndiSoft, LLC:

Columbia, Maryland-based IndiSoft LLC develops collaborative technology solutions for the financial services industry. Its RxOffice platform the core framework for its National Housing Advocacy Platform, provides advanced workflow management and rich data management tools that enhance risk-based assessment and help companies meet regulatory requirements. RxOffice provides efficient, reliable, and scalable solutions for companies, including mortgage servicers, investors, insurers, and law firms to name a few, that want to remain compliant, effectively manage workflow and maintain a competitive edge. Connect: www.indisoft.us | Twitter: @IndiSoftllc.

FormFree® today announced that developer of collaborative solutions for the housing finance industry, IndiSoft, is leveraging FormFree's Passport® to enable HUD-approved housing counseling agencies (HCAs) to provide more effective and expeditious consumer counseling.

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

MMI welcomes Shayna Wilmet as its newest Regional Director of Growth

SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced Shayna Wilmet as its newest regional director of growth. Wilmet's responsibilities will include consulting and strategizing with MMI's growing roster of mortgage enterprise clients, which includes 20 of the top 25 lenders in the nation, to identify growth opportunities to drive adoption and increase return on investment (ROI).

"Despite the volatility in mortgage origination this year, the value housing professionals are finding in MMI is spreading like wildfire. For the last ten years, we've been dedicated to building tools to help enterprises hone their strategies," said MMI Founder and CEO Ben Teerlink. "It never gets old welcoming new faces to the MMI team. With Shayna's previous experience, she has seen MMI's tool from an integration standpoint and now from the inside. This perspective gives her an in-depth understanding of the needs of MMI clientele."

Wilmet has nearly 10 years of experience managing client success and is well-versed in the mortgage industry. Prior to joining MMI, Wilmet was an enterprise customer success manager for a year and was then promoted to manager of customer success at SimpleNexus. She also spent two years as a strategic inside account manager at Ellie Mae.

"Earlier in my career, I'd seen the integrations with MMI and had the pleasure of meeting Ben. It is a full circle moment for me now joining the team," said Wilmet. "I'm thankful to be a part of such a vastly growing company and eager to be of service to those interested in MMI's tools."

By accessing an unrivaled database of comprehensive real estate and mortgage production data, MMI's enterprise customers can identify partner networks that best support their business objectives with granular insight into lenders, loan officers and real estate agents by region or individual transactions. To learn more, visit https://mmi.io.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 350 enterprise customers, including 20 of the top 25 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced Shayna Wilmet as its newest regional director of growth. Wilmet's responsibilities will include consulting and strategizing with MMI's growing roster of mortgage enterprise clients, which includes 20 of the top 25 lenders in the nation, to identify growth opportunities to drive adoption and increase return on investment (ROI).

Related link: https://mmi.io

Armadillo x Beycome: Expanding the real-estate ecosystem

MIAMI, Fla. /ScoopCloud/ -- Pioneering homeowner-centric tech startups Armadillo, a modern tech-enabled home warranty platform, and beycome, a leading tech-enabled digital real estate platform, have launched a partnership to provide homeowners and soon-to-be homeowners with an additional tool to facilitate the home selling experience.

This collaboration provides beycome's 'seller' clients with the ability to add an Armadillo home warranty in-app to reduce friction for the seller and move the transaction along more smoothly and efficiently. Armadillo's product also provides support via seller's coverage, which covers the cost of appliance/system breakdowns that may occur leading up to a closing date.

"Armadillo's value proposition goes arm-in-arm with beycome and their client base. Adding an Armadillo plan removes any uncertainties around potential breakdowns of home appliances/systems and removes obstacles that could hinder a sale. Armadillo x Beycome means that properties sell more quickly and at a higher value," said Armadillo CEO Matan Slagter.

"Our partnership with Armadillo aligns with our goal of making real estate transactions as stress-free as possible, and this home warranty plan is a critical component of that effort," said beycome CEO Nico Jodin. "We quickly discovered we share a fundamental ethos and circumstance: the inception of both companies was a response to the industry standard that just wasn't cutting it. We were both driven to do things differently and we knew there would be an opportunity in the future to do something meaningful together."

In December 2022, Armadillo and Beycome began work on an integration, and hit the market in under 2 weeks. When the Armadillo x Beycome collab dropped - despite it being during the slowest real estate season - home sellers jumped to add Armadillo coverage to their listings.

Armadillo and Beycome are next-generation platforms for homeowners and sellers. With the Armadillo x Beycome partnership, the platforms make buying and renting a home easier, faster, cheaper and fair by helping buyers and renters through every step of the process, consolidating it all in one digital platform and putting commission dollars back in the sellers' pocket.

ABOUT BEYCOME:

Beycome is a real estate technology platform that revolutionized the process of buying and selling homes. By eliminating the need for a real estate agent, beycome allows users to digitally purchase or sell their home and everything in between, resulting in significant cost savings on commissions. Since its launch in July 2020, beycome has closed 5,700 properties worth $1.7 billion, saving users over $51 million in commissions. With a remarkable pace of one property closing every 40 minutes, beycome is a modern, faster, easier, and cheaper alternative For Sale by Owner or traditional real estate practices. It is worth noting that beycome operates entirely without in-house realtors.

Learn more by visiting https://www.beycome.com/ or sending an email to press@beycome.com for media or partnership inquiries.

ABOUT ARMADILLO:

Armadillo is a technology company that offers home warranty plans designed for a new generation of homeowners. Founded in 2021 by Matan Slagter and Lansdon Robbins, Armadillo's mission is to provide an effortless homeownership experience. Armadillo plans are available nationwide. Learn more by visiting www.armadillo.one or sending an email to info@armadillo.one for media or partnership inquiries.

Pioneering homeowner-centric tech startups Armadillo, a modern tech-enabled home warranty platform, and beycome, a leading tech-enabled digital real estate platform, have launched a partnership to provide homeowners and soon-to-be homeowners with an additional tool to facilitate the home selling experience.

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

The Mortgage Firm selects LiteSpeed from LenderLogix as its POS Platform

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced The Mortgage Firm, a Florida-based independent retail mortgage lender with branches located throughout the U.S., has selected its streamlined point-of-sale (POS) platform LiteSpeed to power its application process and deliver a superior borrower experience at the initial point of contact.

"As a growth-minded organization, The Mortgage Firm is deeply committed to curating a best-in-class tech stack that empowers our loan officers to focus on the borrower experience and provides a distinct competitive advantage in today's market," said The Mortgage Firm President Todd Pierson. "Having partnered with LenderLogix for more than three years, we've seen the tremendous impact QuickQual and Fee Chaser have had on our operations, so the decision to add LiteSpeed to the mix was an easy one. The ability to implement the system within days versus months, LenderLogix's ongoing, live customer support and it's seamless integration with Encompass(r) only reinforces our decision."

Leveraging LiteSpeed and QuickQual at the front end of its origination process ensures an easy transition for The Mortgage Firm's borrowers from application to approval letter. Once the borrowers move from application to the underwriting phase, Fee Chaser extends the value derived from LiteSpeed and QuickQual through the seamless collection of up-front costs, such as appraisal fees, within the same operating environment. As a result, The Mortgage Firm can deliver a consistent, modern, streamlined experience from the first point of contact through application to complement the high-touch service its loan officers provide.

"The competitive forces working against independent mortgage lenders are as strong as ever. For a lender like The Mortgage Firm that is continuing to grow in a down market, borrower experience must be the key differentiator from both a new business and a recruitment standpoint," said LenderLogix Founder and CEO Patrick O'Brien. "The term 'best-in-class' gets thrown around quite a bit, but this concept sits at the core of both LenderLogix and The Mortgage Firm. Our shared goal of delivering superior technology and customer service has made this partnership especially fruitful, and we are honored that The Mortgage Firm has doubled down on this relationship entrusting LiteSpeed to serve as the gateway to its borrower relationships."

About LenderLogix:

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

LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced The Mortgage Firm, a Florida-based independent retail mortgage lender with branches located throughout the U.S., has selected its streamlined point-of-sale (POS) platform LiteSpeed to power its application process and deliver a superior borrower experience at the initial point of contact.

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

Nomis Solutions Featured in Tech Demo Super Session at Consumer Bankers Association Live Conference in Las Vegas March 27-29

SAN FRANCISCO, Calif. /ScoopCloud/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

"The consumer banking industry is at a point where in-branch and digital channel experiences are no longer the best opportunity for differentiation," said Greg Demas, president of Nomis Solutions. "It's our belief that customer-centric pricing is the most important aspect of banking, and the optimal way for Financial Institutions to deliver a differentiated value proposition to their customers. Nomis has been the consumer banking industry's leader in this space for over twenty years, and we continue to be at the front of the innovation curve."

Marking its 14th year in 2023, CBA LIVE is a widely attended annual event for the retail banking industry. Over 1300 senior bankers and industry leaders from across the country will be in attendance this year. CBA LIVE offers quality programming tailored toward professionals motivated to learn new trends and share ideas with the most influential decision-makers in the business. This year's theme is "NEXT," focusing on how bankers can find a clear path for growth and know what's coming down the road.

"In tandem with CBA Live's theme this year, Nomis has long been urging banks to invest in empowering their front-line staff to deliver relevant, thoughtful financial solutions to their retail customers. In a world where consumers expect brands to know them and cater to their individual needs, we look forward to demonstrating the ways our product suite can change the game for bankers worldwide," continued Demas.

To learn more about CBA Live, visit https://www.consumerbankers.com/cba-live

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences. While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable. To learn more, visit https://nomissolutions.com/.

Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

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

Avenu Partners with League of Oregon Cities to Provide Expertise and Support to Local Governments

PORTLAND, Ore. /ScoopCloud/ -- Avenu Insights & Analytics (Avenu), the leading provider of revenue recovery and administration solutions for state and local governments, is proud to announce its partnership with the League of Oregon Cities (LOC). As part of this collaboration, Avenu will offer its expertise in various subjects to cities across Oregon, helping them maximize revenue, maintain compliance, and improve their operations.

With Avenu's vast experience in serving cities of all sizes across the country, they are well-positioned to provide some dedicated webinars as well as subject matter expertise on a range of critical issues. Among the topics that Avenu will cover as part of its partnership with the League of Oregon Cities are short-term rental compliance and administration, compliance auditing, tax administration, transient occupancy tax, digitizing documents, and cybersecurity.

"Through this exciting partnership, the LOC's 241 member cities will have access to Avenu's extensive experience and proven success in finding cost-effective solutions for local governments," said LOC Executive Director Patty Mulvihill. "Avenu clearly has the capabilities to provide high-impact resources to cities of diverse size throughout Oregon."

In addition to dedicated webinars, Avenu will also invite cities to participate in national events, with the first being a National Economic Forecast in partnership with the UCLA Anderson Forecast. By providing cities with access to these events, Avenu hopes to help them stay up-to-date on the latest trends and best practices in their field, ultimately helping them provide better services to their communities.

"We are excited to partner with the League of Oregon Cities and offer our expertise to cities across the state," said Paul Colangelo, Avenu's CEO. "Our team is dedicated to helping local governments succeed, and we look forward to working with city officials and staff to tackle the challenges they face."

The partnership between Avenu and the League of Oregon Cities is a testament to the importance of collaboration and knowledge sharing among local government organizations. By working together, Avenu and the LOC hope to help cities across Oregon thrive and provide their residents with the best possible services.

About League of Oregon Cities:

Founded in 1925, the League of Oregon Cities (LOC) is a voluntary association representing all 241 of Oregon's incorporated cities. The LOC helps city governments serve their citizens by providing legislative advocacy services, policy consultation, intergovernmental relations assistance, networking and training, technical assistance, and publications.

About Avenu Insights & Analytics:

Over 3,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit https://www.avenuinsights.com/.

About Mill Point Capital:

Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the business services, technology and industrials sectors in North America. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit https://millpoint.com/.

Avenu Insights & Analytics (Avenu), the leading provider of revenue recovery and administration solutions for state and local governments, is proud to announce its partnership with the League of Oregon Cities (LOC). As part of this collaboration, Avenu will offer its expertise in various subjects to cities across Oregon, helping them maximize revenue, maintain compliance, and improve their operations.

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

LenderLogix increased organic growth by 150% amongst its client base of independent mortgage lenders, banks and credit unions in 2022

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced significant growth within its client base in 2022, increasing its number of partnered lending institutions by 150%. The company also maintained a net promoter score (NPS) of 86 based on feedback from the thousands of lenders and real estate agents that interact with LenderLogix and its suite of mortgage technology.

Other significant achievements in 2022 include:

* Facilitating a 72% conversion rate from inquiry to an application via its recently released, streamlined point-of-sale (POS) platform LiteSpeed;

* Providing 33,661 borrowers with instant answers via QuickQual, resulting in 216,499 on-demand letter updates made by borrowers and real estate agents; and

* Processing nearly $23 million in upfront fees, 66% of which were for Appraisals, via Fee Chaser and enabling lenders to automatically collect 94% of their upfront fees within 24 hours and save more than 15 minutes per loan file. One lender even reported realizing more than $63,000 on previously uncollected fees by implementing this payment solution.

"Throughout the market shifts and a bloating cost to originate, lenders are taking a harder look at their technology and operational costs," said LenderLogix Co-Founder and CEO Patrick O'Brien. "At LenderLogix, our product roadmap is based entirely on building technology to solve our clients' real-world issues. To that end, we are proud of the light but mighty impact our white-labeled systems have made for lenders of all sizes and will continue to develop tools that deliver exactly what our lender clients need without the bulk and heft of other software products on the market."

About LenderLogix:

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

LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced significant growth within its client base in 2022, increasing its number of partnered lending institutions by 150%. The company also maintained a net promoter score (NPS) of 86 based on feedback from the thousands of lenders and real estate agents that interact with LenderLogix and its suite of mortgage technology.

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

Avenu Insights & Analytics Launches Cloud-based Unclaimed Property Management Solution – Avenu | Connect

CENTREVILLE, Va. /ScoopCloud/ -- Avenu Insights & Analytics (Avenu) is pleased to announce the nationwide launch of its latest Unclaimed Property solution, Avenu | Connect, designed specifically for State governments. This state-of-the-art SaaS solution integrates over 15 important applications used by State Unclaimed Property offices into a single, secure, and comprehensive platform.

Avenu | Connect is a cloud-based solution that offers real-time holder report validation, secure online payments, strong anti-fraud features, and 24/7 mobile access for constituents. It also anticipates the NAUPA III changes later this year. The new system facilitates instant and automated holder report corrections, eliminates bad data entries, and significantly reduces the need for state staff to scrub thousands of annual holder reports. The platform also supports low-cost Automated Clearing House (ACH) payments to rightful owners.

One of the key advantages of Avenu | Connect is its ease of implementation and intuitive design. Built on a clean, stable, and low-maintenance ASP.net technology, the platform offers a wide range of configuration options that can meet specific state program requirements. It also provides high-level security features, including LexisNexis ThreatMetrix enhancements.

With over 40 years of experience in the unclaimed property industry, Avenu has a keen understanding of what state officials are seeking when developing new software. The company is one of the most trusted and innovative resources in the industry managing over 64,000 security positions and $5.2 billion in state-held unclaimed securities. To date, they are the only company offering a crypto-custody solution to state unclaimed property programs.

"We're proud to offer Avenu | Connect as a cutting-edge SaaS solution that simplifies processes, saves time and money, and enhances compliance," said Paul Colangelo, Avenu CEO. "This new innovative software showcases our commitment to providing best-in-class solutions for State Unclaimed Property offices, ultimately streamlining processes, and reducing costs while maximizing compliance and minimizing risks."

About Avenu Insights & Analytics:

Over 3,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit https://www.avenuinsights.com/ .

About Mill Point Capital:

Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the business services, technology and industrials sectors in North America. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit https://millpoint.com/.

Avenu Insights & Analytics (Avenu) is pleased to announce the nationwide launch of its latest Unclaimed Property solution, Avenu | Connect, designed specifically for State governments. This state-of-the-art SaaS solution integrates over 15 important applications used by State Unclaimed Property offices into a single, secure, and comprehensive platform.

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

GreenLyne adopts FormFree’s Residual Income Knowledge Index to unlock greater inclusivity in mortgage lending

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced that Inclusive-Finance-as-a-Service platform GreenLyne has enhanced its ability to help lenders identify home financing opportunities for underserved consumers with its adoption of FormFree's Residual Income Knowledge Index™ (RIKI™).

GreenLyne technology enables mortgage lenders to finance borrowers who have the capacity to support a mortgage but typically would be deemed ineligible for home financing. FormFree's patent-pending RIKI (pronounced "RIH-kee") is a risk-analysis model that analyzes cash flow and residual income to ascertain a more complete picture of a borrower's creditworthiness than traditional credit scoring alone. By incorporating RIKI into its Automated Second-Look Engine, GreenLyne can more precisely and fairly predict a borrower's risk of default and thereby set appropriate loan terms that balance profitability for the lender and affordability for the homebuyer.

Because standard underwriting models are unable to assess default risk for borrowers who have thin credit files or FICO scores below 660, these borrowers are often excluded from housing finance. According to the Urban Institute, more than 39 million Americans have a credit score between 600-660 and are mortgage-ready, yet struggle to obtain a mortgage.

"Too many consumers who have a steady income and dutifully pay their bills on time are being excluded from homeownership because mortgage lenders haven't had tools to assess their ability to pay. In effect, these consumers are being punished for an industry's weakness, which is profoundly unfair," said FormFree Founder and CEO Brent Chandler. "We are proud to provide GreenLyne with RIKI's residual income analytics so it can pave a more inclusive path to homeownership for a large cohort of Americans."

"GreenLyne's fair lending credit underwriting innovation provides a precise path to safely and soundly expand homeownership for a large, unfairly underserved segment of Americans," said GreenLyne CEO Syeed Mansur. "We are delighted to forge a deep partnership with FormFree, which couples a new era of consumer financial data with breakthrough advances in high accuracy credit risk prediction and fair underwriting that optimally balance affordability for borrowers and profitability for lenders."

About FormFree®

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

FormFree® today announced that Inclusive-Finance-as-a-Service platform GreenLyne has enhanced its ability to help lenders identify home financing opportunities for underserved consumers with its adoption of FormFree's Residual Income Knowledge Index™ (RIKI™).

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

FormFree sharpens focus on decentralizing and democratizing consumer access to credit with strategic divestiture of AccountChek

ATHENS, Ga., /ScoopCloud/ -- Founder and CEO Brent Chandler today heralded a new era for FormFree® following its strategic divestiture of asset-verification service AccountChek®. Moving forward, the fintech will focus on products that advance its mission to decentralize and democratize the way consumers understand their financial data and access credit opportunities. Eric Lapin, who joined FormFree in 2022 as chief strategy officer, will guide the company's next chapter as president.

"FormFree changed the lending industry when we launched its first wave of digital transformation, and we're ready to change it again by ushering in a new era of consumer empowerment and expanded access to credit for all people," said Chandler. "As our new president, Eric will play a critical role in guiding FormFree's next chapter as we double down on creating new avenues for lenders to responsibly serve credit invisibles and other underserved populations."

Lapin says the company's new direction will include an increased focus on blockchain and other decentralized Web3 technologies that give users greater control over their data and privacy. For example, the Qualified Borrower™ (QB) token Lapin helped conceptualize and bring to market last year enables FormFree to share consumers' validated Financial DNA® and indicators of homebuying interest with best-fit lenders and service providers while keeping consumers' identities anonymous.

A widely recognized innovator in mortgage and financial services technologies, FormFree is the developer of Passport®, a first-of-its-kind mobile application that verifies and perpetually updates a consumer's comprehensive Financial DNA and puts consumers in the driver's seat of their self-sovereign financial identity (SSFI). FormFree is also the creator of the Residual Knowledge Income Index™ (RIKI™), a method for evaluating consumer creditworthiness based on cash-flow analysis. RIKI allows lenders to safely extend credit to consumers whose lack of credit history or thin credit files may not meet traditional underwriting requirements.

FormFree will continue to operate in the mortgage space with a focus on helping lenders meet the needs of more than 45 million Americans who are either credit-unserved or credit-underserved. In so doing, FormFree will help regulated financial institutions meet their obligations under the Community Reinvestment Act (CRA), which calls on banks to meet the needs of low- and moderate-income borrowers in the communities they serve.

The fintech will also continue its ongoing expansion beyond mortgage origination into other phases of the homeownership journey, including home search, pre-purchase housing counseling and loss mitigation. In addition, Lapin sees opportunities for FormFree's know your everything (KYE) and anti-money laundering (AML) capabilities to disrupt the digital currency, auto loan and personal loan verticals.

"FormFree is proud to have pioneered the mortgage industry's first asset verification service, and that revolutionary spirit will propel the next phase of our growth," said Lapin. "Moving forward with a laser focus on the future will allow FormFree to innovate with the agility of a startup while benefitting from all the experience and wisdom we have accumulated over nearly two decades in business."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis.

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

Twitter: @RealFormFree #fintech #digitalmortgage #mortgage

Founder and CEO Brent Chandler today heralded a new era for FormFree® following its strategic divestiture of asset-verification service AccountChek®. Moving forward, the fintech will focus on products that advance its mission to decentralize and democratize the way consumers understand their financial data and access credit opportunities. Eric Lapin, who joined FormFree in 2022 as chief strategy officer, will guide the company's next chapter as president.

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

HomeScout partners with Down Payment Resource to capture consumer demand for homebuyer assistance program information

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it has partnered with HomeScout LLC to help mortgage lenders generate and convert more leads by meeting heightened consumer demand for information about affordable pathways to homeownership.

HomeScout provides a suite of tools and services to help mortgage lenders increase production by generating and nurturing in-market homebuyer business at the early stages of the home buying journey. With affordability challenges causing many qualified borrowers to sideline themselves from home buying, HomeScout has partnered with Down Payment Resource to rally homebuyer engagement with programs that reduce the costs of homeownership.

HomeScout has embedded Down Payment Resource's down payment assistance (DPA) finder in its partner-branded property search sites, thereby flagging listings that are eligible for homebuyer assistance programs including down payment and closing cost assistance, Mortgage Credit Certificates and affordable first mortgages. Each eligible listing invites consumers to discover which programs and how much funding they may be eligible for by supplying basic qualification information such as household size and income. Loan originators are notified when consumers engage with the DPA tool, enabling them to reach out with financial guidance at the earliest signs of homebuyer intent.

"Consumers' eagerness to engage with our tools continues to signal an immense, unmet appetite for homebuyer assistance," said DPR Founder and CEO Rob Chrane. "By making DPA program information easily accessible through its consumer-facing portal and loan originator-branded landing pages, HomeScout is helping lenders see the opportunity homebuyer assistance programs offer to fill sales pipelines while helping qualified borrowers overcome financing hurdles to homeownership."

"Rob and his team are moving the needle by exposing a groundswell of consumer DPA interest, but the fact remains that consumers need lender support to finance a mortgage with down payment assistance," said HomeScout Founder and CEO David Camp. "HomeScout's partnership with Down Payment Resource opens additional avenues for transactions for lenders, aligning with our mission to help our clients increase production."

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With toolsets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents. For more information, visit https://downpaymentresource.com/.

About HomeScout:

HomeScout is a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry. Built by real estate and mortgage industry veterans, HomeScout provides an extraordinary suite of solutions to best serve in-market home buyers and sellers, while also providing the necessary tools to amplify business growth.

With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal.

HomeScout is committed to the retention and growth of database clients while providing commission security and consistency for mortgage professionals and organizations.

For more information on HomeScout visit https://homescout.realty.com/.

Twitter: @DwnPmtResource #downpaymentassistance #mortgagemarketing #proptech #fintech

Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it has partnered with HomeScout LLC to help mortgage lenders generate and convert more leads by meeting heightened consumer demand for information about affordable pathways to homeownership.

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

LenderLogix launches LiteSpeed point of sale system to address the needs of small to mid-sized mortgage lenders

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced the launch of LiteSpeed, a streamlined point-of-sale (POS) system designed for small to mid-sized lenders. LiteSpeed delivers lenders the essential POS functionality they need to compete in today's digitally-driven market at a lower cost and without significant investment in the implementation and internal support larger platforms require.

"Many of the POS platforms on the market today function as a second loan origination system in disguise in terms of features, architecture and required upkeep, effectively putting them out of reach for the majority of the market," said LenderLogix Founder and CEO Patrick O'Brien. "We knew there had to be a better, more efficient, and certainly more cost-effective way to manage the loan application process, so we created LiteSpeed to deliver pragmatic POS functionality at a price point that makes sense for the average mortgage lender."

LiteSpeed was strategically and intentionally designed to provide borrowers with a simple, yet amazing user experience. The white-labeled platform guides borrowers through singular, auto-advancing application questions using animated iconography and dynamic messaging. Once the application is complete, borrowers are immediately presented a customized needs list, a secure document upload link and more from their selected loan originator.

"This type of high-touch early engagement is essential and shouldn't be hidden within an app or behind a login screen," O'Brien added. "As a result of this early engagement, lenders can increase lead capture and conversions while delivering a consistent brand identity across branches and teams - all while providing executives with more granular insight into marketing and sales performance."

About LenderLogix:

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

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

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LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced the launch of LiteSpeed, a streamlined point-of-sale (POS) system designed for small to mid-sized lenders. LiteSpeed delivers lenders the essential POS functionality they need to compete in today's digitally-driven market at a lower cost and without significant investment in the implementation and internal support larger platforms require.

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

ACES Quality Management Taps Mortgage and Financial Services QC/Risk Experts to Headline 2023 ACES ENGAGE

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has announced its speaker lineup for the upcoming ACES ENGAGE conference, taking place at the historic Broadmoor Hotel in Colorado Springs, May 17 - 19, 2023.

ACES has carefully curated this year's ACES ENGAGE lineup to provide attendees the opportunity to learn from industry experts and thought leaders. 2023 ACES ENGAGE Speakers to include: the Mortgage Bankers Association's Chief Economist and Senior Vice President Michael Fratantoni, Ballard Spahr Partner and Mortgage Banking Group Practice Leader Richard J. Andreano, Jr., Fannie Mae's Senior Director in Single Family Risk Loan Quality Candace Kubida and keynote speaker Jeff Evans, an adventurer and expedition leader.

"Last year's ACES ENGAGE event was a huge success, and we strive to make each year even better. We are confident this speaker lineup will help attendees expand both personally and professionally," ACES CEO Trevor Gauthier said. "With fraud up nearly 20% and the cost of corrections rising, lenders need to shore up their defenses. ACES ENGAGE will leave attendees with a deeper understanding of proactive quality assurance and compliance and strategies to protect loan quality and mitigate risk."

ACES ENGAGE will offer a mix of general session presentations, panel discussions and social activities. Attendees have the opportunity to learn from industry experts and thought leaders, network and leave with the knowledge necessary to increase efficiencies, improve productivity and further quality at their organizations.

Register to attend ACES ENGAGE and learn more at https://www.acesquality.com/aces-engage-2023

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

* 1 of the top 3 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment.

For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has announced its speaker lineup for the upcoming ACES ENGAGE conference, taking place at the historic Broadmoor Hotel in Colorado Springs, May 17 - 19, 2023.

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

TrustEngine launches lending’s most comprehensive borrower intelligence platform (BIP)

OWINGS MILLS, Md. /ScoopCloud/ -- Sales Boomerang and Mortgage Coach today announced their union under the new name TrustEngine™, an identity that embodies the merged organization's vision to help lenders drive undeniable value as clients' trusted financial advisors. The name also reflects the brand's heritage as a trusted service provider to mortgage lenders for more than a quarter-century. The new name takes effect immediately and coincides with the beta release of the TrustEngine Borrower Intelligence Platform, a solution that wraps around the entire mortgage tech stack to drive volume by identifying loan opportunities and engagement strategies tailored to each borrower's needs.

Described by HousingWire as "the most essential addition to the mortgage tech stack since the advent of the loan origination system," borrower intelligence platforms (BIP) are rapidly gaining traction as a mandatory technology for modern mortgage lenders. By far the most comprehensive BIP on the market today, the TrustEngine Borrower Intelligence Platform drives increased loan applications, customer loyalty and team performance by collecting, enhancing and analyzing borrower data; prescribing actionable borrower opportunities; pacing opportunity delivery; guiding compelling borrower and loan officer interactions that convert; and providing comprehensive performance measurement and refinement.

"We are thrilled to debut our new name and our Borrower Intelligence Platform on the same day," said CEO Rich Harris. "This groundbreaking solution will help lenders become lifelong champions for borrowers by gaining access - for the first time in history - to the kind of world-class customer intelligence leveraged by global leaders like Apple, Microsoft and Amazon."

The TrustEngine Borrower Intelligence Platform goes beyond standard alerts and triggers, offering deep behavior analysis to generate granular borrower segments and predict mortgage loan needs, facilitating more relevant borrower outreach. And, unlike any other solution on the market today, the TrustEngine Borrower Intelligence Platform equips mortgage advisors with proven scripts and dynamically generated presentations that show borrowers their best loan options based on their unique financial situation, credit profile and life stage. Moving far beyond transactional offers, the platform prepares loan officers to have strategic discussions, transforming lenders from purveyors of price to providers of advice to drive more applications and close more loans.

Compatible with every lender tech stack, TrustEngine magnifies the value of existing loan origination systems (LOS), customer relationship management (CRM) platforms and marketing automation tools. Moreover, the TrustEngine Borrower Intelligence Platform automatically measures conversion at the branch and individual level across various loan types and borrower outreach strategies, driving continuous process improvement over the life of the platform. Learn how the TrustEngine Borrower Intelligence Platform can transform your business.

About TrustEngine:

More than 200 independent mortgage companies, credit unions, banks and brokers depend on TrustEngine's innovative solutions to unlock additional loan opportunities, increase conversion and strengthen customer loyalty through individualized, data-driven engagement and education. With Sales Boomerang's intelligent alerts, lenders always know when a past customer or prospect is ready and credit-qualified for a loan. Award-winning loan presentations from Mortgage Coach equip lenders to deliver a consultative home financing experience that encourages faster, more informed loan decisions.

New in 2023, the TrustEngine Borrower Intelligence Platform (BIP) combines the best of both flagship products with world-class data analysis and segmentation, sophisticated probability and profitability modeling, intelligent loan pacing and routing, compelling borrower interactions and ongoing performance evaluation and optimization to deliver a category-leading solution that enhances lenders' existing technology investments and puts data in the driver's seat of every customer engagement.

For a closer look at how TrustEngine turns loan officers into trusted mortgage advisors, visit https://www.trustengine.com/.

Sales Boomerang and Mortgage Coach today announced their union under the new name TrustEngine™, an identity that embodies the merged organization's vision to help lenders drive undeniable value as clients' trusted financial advisors. The name also reflects the brand's heritage as a trusted service provider to mortgage lenders for more than a quarter-century.

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

Barr Group Mortgage Closes First eNote Transaction through Click n’ Close’s non-delegated correspondent eNote program

ADDISON, Texas /ScoopCloud/ -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

"We have been blown away by the non-delegated correspondent eNote process offered by Click n' Close," said Elizabeth Moore, Chief Operations Officer at Barr Group Mortgage. "Working with Ameris Bank's warehouse division SVP Jill Gainer helped ensure the set-up process was straightforward, and our first two loans were purchased the day after closing. Using eNotes has eliminated the need for allonges, overnight shipping costs, note corrections and chasing down lost notes."

Through the eNote program, non-delegated correspondents can decrease turn times on their warehouse line to 48 hours or less, ultimately saving them money in the form of reduced interest charges and enabling them to turn over their warehouse lines far more frequently. Click n' Close has established partnerships with multiple warehouse lenders, such as Ameris Bank, to expand warehouse line access to qualified program participants previously financially ineligible for these lines of credit. The approval process for program participants captures most of the relevant financial statements and insurance exhibits requisite to the warehouse approval process, thus materially accelerating the warehouse approval timeline.

"We are thrilled to have our first eNote executed in such efficient timing - less than three weeks from application to closing - and with such renowned partners," said Click n' Close Owner and CEO Jeff Bode. "Our non-delegated correspondent eNote program provides emerging mortgage bankers with a tremendous opportunity to incorporate incredible agility and operational efficiencies into their business from the get-go and enables them to differentiate themselves with their customers, as well as their title and real estate partners, through a convenient digital closing experience."

As Click n' Close's primary technology partner, DocMagic played an integral role in the success of this first transaction. Total eClose is DocMagic's comprehensive eClosing system that provides everything necessary for a paperless eClosing. DocMagic's powerful end-to-end technology provides an intuitive interface that all participants - lenders, settlement service providers, notaries and borrowers - can use immediately, without a steep learning curve.

"Every lender is on the path to digital with the goal of closing electronically and delivering eNotes into the secondary market, but there are many challenges facing smaller lenders," said Brian D. Pannell, Chief eServicing Executive at DocMagic. "Click n' Close, a long-time client, had been seeking a way to support their correspondent lenders who don't have the resources nor the relationships to support conducting transactions with eNotes. We're proud to have been part of their solution."

To learn more about Click n' Close's non-delegated correspondent eNote program, contact Kerry Webb at kerry.webb@clicknclose.com. For existing clients, contact your Click n' Close account executive to find out how your warehouse lender can participate.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Click n' Close, Inc.:

Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click' n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

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

Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

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

After, Inc. Partners with ENVE to Offer a Seamless Registration Process to its Dealers and Customers

NORWALK, Conn. /ScoopCloud/ -- After, Inc. announced today that ENVE (enve.com) will utilize QuickReg® to provide a seamless post-sale registration experience to its dealers and customers. ENVE Composites designs, manufactures, and markets handmade carbon fiber bicycle rims and components, and custom bikes (through its premium dealer network) and is highly respected amongst professional riders and biking enthusiasts for its engineering, innovation and customer service and support.

"Our partnership with ENVE has been really collaborative, as we share the same focus on customer service excellence," says Nate Baldwin, CEO of After, Inc. "The ENVE team came to us with a desire to improve their product registration process and better know their end customers. We proposed a solution that would aggregate and match order data, shipping data, and data from ENVE's customer and dealer portals in real-time, automatically pre-register them, and send the registration data back to the portals. The solution incorporates our QuickReg® platform - combined with a customized AI-driven matching algorithm and decades of database integration and cleansing expertise - to deliver the ideal solution."

"We couldn't be more thrilled about working with After, Inc. Their knowledge of the post-sale lifecycle from registration to repurchase is unsurpassed," says Jake Pantone, VP of Product & Brand, Enve Composites. "We shared our goals for a more automated registration solution that could drive higher registrations and ongoing customer engagement - and After, Inc. did not disappoint. We can't wait to roll this solution out to our dealers and customers in the next few weeks."

About After, Inc.

After, Inc. ( https://www.afterinc.com/ ) is a pioneer in the post-sale services industry. Since 2005, we have helped some of the world's top brands transform their businesses after the point of sale. Our post-sale services drive higher customer satisfaction, product reliability, and brand equity, lower claims costs, and additional revenue and profit opportunities.

QuickSuite - our customer experience technology - is a modular set of SaaS platforms, designed to work together to help manufacturers, TPAs, and e-commerce sellers build deeper relationships with their customers across the post-sale lifecycle. The suite includes: QuickReg®, QuickCover®, QuickClaim®, QuickInsight®, and QuickRenew®.

Headquartered in Norwalk, CT, After, Inc. is part of Galway Holdings, a diversified financial services distribution company with a focus on data analytics, technology transformation, and innovative risk sharing solutions.

About ENVE Composites

Located in Ogden, Utah, and owned by Amer Sports ( https://www.amersports.com/ ), a sporting goods company with internationally recognized brands including Salomon, Arc'teryx, Peak Performance, Atomic, Suunto and Wilson, ENVE Composites is a manufacturer of handmade carbon fiber bicycle rims and components. At ENVE, people are more than riders. They are risk takers, engineers, and innovators, driven by their love of cycling. They are a dynamic collection of skilled individuals that create the world's most sought-after carbon fiber products. Partnering with the prominent frame builders of our time and the world's best athletes, ENVE combines industry leading technology with world-class athlete feedback to provide their customers with the ultimate in lightweight, stiffness and durability.

Established in 2007 from a desire for a better ride, ENVE strives to deliver consumers products without compromise. ENVE designs and manufactures 100% of their rims in their Ogden, Utah, USA facility.

After, Inc. announced today that ENVE (enve.com) will utilize QuickReg® to provide a seamless post-sale registration experience to its dealers and customers. ENVE Composites designs, manufactures, and markets handmade carbon fiber bicycle rims and components, and custom bikes (through its premium dealer network) and is highly respected amongst professional riders and biking enthusiasts for its engineering, innovation and customer service and support.

Related link: https://afterinc.com/

MonitorBase Launches Instant Inquiry Alerts to Help Lenders Capture More Opportunities

MURRAY, Utah /ScoopCloud/ -- MonitorBase, a mortgage fintech company that monitors prescreened credit information and real-time behavioral data to alert lenders when one of their contacts is in the market to purchase or refinance a home, today announced the launch of instant credit inquiry alerts for their mortgage lender clients. As part of the MonitorBase platform, the new feature alerts loan officers within minutes of a contact in their database has a mortgage credit pull with a competitor and instantly generates a credit offer email without the loan officer needing to take additional action.

The largest banks have historically had better access to data technologies and relentless call center teams, which often leaves smaller mortgage lenders and brokers on the losing end of the technology, without access to the tools to defend their database and clients. MonitorBase's new, proprietary instant trigger alerts means smaller lenders, regional banks and even single brokers now possess the same type of powerful relationship retention technology that was formerly available only to big banks. By providing instant alerts and credit offers, the new feature helps loan officers re-engage past relationships before they are inundated with solicitations from other lenders.

"We are thrilled to offer this new instant inquiry alert technology to our clients so they never miss a potential sales opportunity," said MonitorBase CEO Louis Zitting. "Finally, even the smallest mortgage lenders can know the minute a client or partner is in the market for financing, and 24 hours before lead sellers send that information to hundreds of other lenders. At a time when origination volumes are down across the board, being 24 hours ahead of the competition will mean everything."

According to MonitorBase Vice President of Business Development William LeBaron, mortgage trigger leads are a challenging endeavor because they often prompt multiple mortgage lenders to blow up the phone of the prospect or past client.

"No one wants to be inundated with mortgage offers every time they experience a slight improvement in their credit or make a single inquiry," LeBaron said. "Unfortunately, smaller mortgage lenders, solo shops, and brokers face the greatest consequences when this occurs because they can potentially lose a client to a big bank. But by giving them a head start, our instant inquiry alerts place loan officers in a much better position than their competition."

Believing that every contact matters, the company is committed to helping retail loan officers find new loan opportunities in their existing contact databases so that lenders of any size are in the best position to serve their clients.

About MonitorBase:

Since 2007, MonitorBase has been the mortgage industry's leader in database retention technology. Our commitment to helping retail loan officers find loans in their contact database has been unparalleled for nearly two decades. No matter what size lender, broker, bank, or credit union, our mission is to provide the retail loan officer the most powerful toolsets to turn their contacts and relationships into closed loans. That is why we believe Every Contact Matters. MonitorBase was founded in 2007 by Louis Zitting and is based in Murray, Utah.

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

MonitorBase, a mortgage fintech company that monitors prescreened credit information and real-time behavioral data to alert lenders when one of their contacts is in the market to purchase or refinance a home, today announced the launch of instant credit inquiry alerts for their mortgage lender clients.

Related link: https://ww3.monitorbase.com/

Percy CEO Charles Williams honored as RISMedia 2023 Real Estate Newsmaker for the second consecutive year

NASHVILLE, Tenn. /ScoopCloud/ -- Percy, maker of market intelligence-driven client engagement tools for real estate brokers and mortgage lenders, today announced that CEO Charles Williams has been named an RISMedia 2023 Real Estate Newsmaker. Williams was honored in the Futurist category for innovation in the property technology (proptech) field that has enabled real estate brokerages to close more deals and strengthen client relationships.

The Real Estate Newsmakers award program recognizes housing leaders who have made newsworthy contributions to the real estate industry and have positively impacted the communities they serve. RISMedia editors named six categories of winners: Influencers, Trailblazers, Futurists, Achievers, Crusaders and Luminaries. In 2022, Williams was recognized in the Influencer category.

"It's always so inspiring to see the incredible accomplishments of so many real estate professionals around the country, and this year's group of 2023 Newsmakers takes that concept to a whole new level," said John Featherston, founder, CEO and publisher of RISMedia. "From the creativity and innovation being implemented through our changing times, to industry records being broken, to the wonderful charitable work being done across the nation, we continue to be amazed by the ingenuity and success of these real estate professionals, over 300 of whom we are honoring on our sixth year of publishing Real Estate Newsmakers."

"As a third-generation real estate professional, I've witnessed firsthand the hoops that real estate agents jump through to identify high-intent home buyers and sellers. That's why my strategic vision for Percy centers on demystifying the time-consuming process of cultivating and converting leads," said Williams. "Receiving RISMedia's Newsmaker award for the second consecutive year strengthens my resolve to empower the real estate industry with state-of-the-art tools that harness the power of behavioral data to drive revenue."

RISMedia will honor 2023 Real Estate Newsmakers at a September 6 event held in conjunction with its 2023 CEO & Leadership Exchange. The complete list of 2023 Real Estate Newsmakers can be viewed in RISMedia's online directory or in the February issue of Real Estate magazine.

About Percy:

Percy leverages the power of housing market intelligence to help real estate brokers and mortgage lenders close more deals and build lifelong client relationships. With fully customized web pages and interactive dashboards that hook clients on homeownership data and proprietary market insights for housing professionals, Percy positions brokers and lenders as trusted advisors in the homeownership journey. More than 150 U.S. real estate brokers, including nine of the top 10 brokerages, rely on Percy to differentiate themselves with data. To learn more about Percy, visit https://percy.ai/.

About RISMedia:

For more than 40 years, RISMedia has provided the residential real estate industry with news, trends and business development strategies through its flagship publication, Real Estate magazine; its leading website, RISMedia.com; its premium content channel, Premier; its award-winning Housecall blog; and its iconic networking and educational events, including RISMedia's virtual Real Estate's Rocking in the New Year; RISMedia's CEO Exchange; RISMedia's Power Broker Forum, Reception & Dinner; and RISMedia's Newsmakers Reception & Dinner. Through RISMedia's content programs - including ACE, a turn-key social media content system - real estate professionals share thousands of articles, infographics and videos each day created by RISMedia editors and contributors, helping them influence hundreds of thousands of consumers as they consider buying and/or selling a home. Visit RISMedia.com, RISMedia's Premier, and ACESocial for more information.

Percy, maker of market intelligence-driven client engagement tools for real estate brokers and mortgage lenders, today announced that CEO Charles Williams has been named an RISMedia 2023 Real Estate Newsmaker. Williams was honored in the Futurist category for innovation in the property technology (proptech) field that has enabled real estate brokerages to close more deals and strengthen client relationships.

Related link: https://percy.ai/

MCT First to Integrate with Freddie Mac’s Income Limits API

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers. This is the latest in a series of successful API integrations between MCT and Freddie Mac, and helps promote both pricing transparency and housing affordability.

The API, a critical technological advancement for AMI-based pricing, allows the connecting party (either a lender or Secondary Markets Advisor (SMA)) to send income information and the property address through the API to return an answer on whether the borrower qualifies for the Credit Fees waiver. The API provides a more accurate confirmation than can be derived with a ZIP code estimation. The Credit Fees waiver is based on borrower income being less than 100% of AMI, and the API can also confirm whether the subject property is in a high-cost county, which allows for 120% of AMI. Other Duty to Serve elements are supported in this API, including rural and high needs rural areas.

"Freddie Mac continues to be incredibly responsive from a service standpoint for lenders and vendors, as well as from a capital markets technology standpoint," said MCT COO, Phil Rasori. "Freddie Mac values relationships and rapid innovation, both of which have become more critical with affordability issues, due to high interest rates and home prices plaguing the mortgage industry despite the robust credit profiles of potential borrowers."

As a refresher, a borrower's annual qualifying income must be less than or equal to 80% of the AMI for the location of the mortgaged premises for the loan to be eligible under Freddie Mac Home Possible®, Freddie Mac's flagship mortgage product. For Freddie Mac Refi PossibleSM mortgages, the borrower's annual qualifying income must be less than or equal to 100% of the AMI for the location of the mortgaged premises for the loan to be eligible. The Federal Housing Finance Agency (FHFA) directive included a key piece on Credit Fees waivers for first-time home buyers in cases where borrower income was less than or equal to 100% of AMI in the subject property census tract or 120% of AMI for high-cost areas.

Previously, price differences and best execution were difficult and tedious to calculate for lenders, as the MSA census tract (which goes within the ZIP code) for the given property address had to be geocoded into the loan file. The AMI API returns eligibility automatically from Freddie Mac's database after the subject property address and borrower income are entered, enabling lenders to accurately price Credit Fees waivers. This API is the latest in a series of enhancements to pricing, benefitting and incentivizing borrowers at a time when affordability in the housing market has waned.

MCT thanks Freddie Mac for bringing the Income Limits API to market in its Developer Portal, enabling MCT to be the first secondary market platform to put this API into production. As the most active user of the API, MCT is happy to offer this technology to clients, allowing for more accurate and transparent pricing which ultimately passes through to the borrower.

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, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

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

Media Contact:

mct@fullyvested.com

RELATED LINKS:

https://guide.freddiemac.com/app/guide/exhibit/19

https://mct-trading.com/software/freddie-mac-integrations-for-mutual-clients/

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers.

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