Tag Archives: loan origination platform

LenderLogix Announces POS Integration with Informative Research’s AccountChek to Enhance the Mortgage Borrower 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, announced the integration of AccountChek by Informative Research into its point-of-sale system LiteSpeed. This integration blends AccountChek's pioneering verification technology into LiteSpeed to seamlessly enhance the borrower experience and optimize the loan origination process to ensure a smooth experience for borrowers and users alike.

"Enhancing our clients' tech stacks with simple, digital-first tools is the foundation of our company's mission, and it's integrations like these that help us further that mission," said LenderLogix Co-Founder and CEO Patrick O'Brien. "By leveraging AccountChek's advanced verification capabilities, we can provide LOs with greater efficiency and accuracy, ensuring all parties experience the highest service standards."

AccountChek by Informative Research streamlines the lending process by providing advanced verification capabilities and seamless data integration for lenders and borrowers alike. With AccountChek's Verification of Assets (VOA), LenderLogix clients can expect enhanced efficiency and accuracy in the loan origination process, with VOA orders routed through the Encompass loan number and documents and data populating directly into the Encompass loan file. The VOA data will flow directly into the automated underwriting systems at the GSEs, allowing the lender seamless access to programs like Day 1 Certainty®, Asset and Income Modeler (AIM) and pre-close employment verifications.

"The integration of AccountChek into the LenderLogix LiteSpeed platform demonstrates our shared commitment to innovation and customer satisfaction while also enabling LenderLogix's clients to streamline the underwriting process by obtaining key verifications at the point of application," said Informative Research's Head of AccountChek Brian Francis. "We look forward to continuing our partnership to deliver impactful innovation to the mortgage lending community and help lenders advance their digital transformation efforts."

About Informative Research:

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves over 3,000 mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com/.

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.informativeresearch.com/accountchek/

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

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, announced the integration of AccountChek by Informative Research into its point-of-sale system LiteSpeed. This integration blends AccountChek's pioneering verification technology into LiteSpeed to seamlessly enhance the borrower experience and optimize the loan origination process to ensure a smooth experience for borrowers and users alike.

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

Realfinity Launches Dual-License Program for Real Estate Agents

MIAMI, Fla. /ScoopCloud/ -- Real-Finity, Inc. ("Realfinity") is excited to announce the availability of its Dual-License Program enabling the integration of mortgage services for real estate agents. In the dynamic and increasingly challenging environment of real estate, agents are now able to take advantage of this innovative solution to combat pressure on their commissions and enhance their value proposition by offering mortgage services.

Realfinity is the first company to commercialize this opportunity as a plug-and-play solution. As opposed to a typical lender or mortgage broker, Realfinity focuses solely on creating and enabling infrastructure for professionals who want to offer mortgage as a service to their clients. Dually licensed agents can not only take advantage of the purchase market but use their database of previous clients to generate refinances - a unique opportunity offered by Realfinity's origination platform.

Luca Dahlhausen, CEO of Realfinity, underscores the significance of this program, stating, "It's evident that offering mortgage as an ancillary service is a natural step, supported by regulators, as seen in a recent FHA rule change allowing individuals to serve as both the real estate agent and mortgage originator for FHA-insured home loans. The reason this program hasn't gained significant attention is that existing brick-and-mortar lenders and brokers would cannibalize their own business by disrupting the value chain."

Becoming dual-licensed with Realfinity helps real estate agents offer mortgage services in an efficient and scalable way. All fees are transaction-based, not imposing any fixed costs, and providing superior experience and service to clients. The Dual-License Program enables real estate agents to increase their commission while staying focused on their core competency of home sales.

Getting started is a simple and straightforward process. Realfinity provides expert training for mortgage licensing and guides agents in required testing typically enabling them to receive an NMLS license within approximately three weeks. After receiving the mortgage license, dual-licensed agents can offer their clients mortgage services through the Realfinity loan origination and processing platform. The Dual-License Program provides agents with the opportunity for a career enhancing move.

Dual-licensed agents benefit from providing a unified client experience with one-stop shop convenience and better mortgage rates by cutting additional customer acquisition costs. The integration adds a new revenue stream, bolsters client loyalty, and increases transaction control. Challenges with regulatory compliance and financial expertise are effectively managed by Realfinity's technology and loan processing team, allowing dual-licensed agents to concentrate on their primary real estate responsibilities.

Offering mortgage services alongside real estate sales is a strategic decision for real estate agents. Realfinity's Dual-License Program focuses on ensuring adherence to regulations, streamlining business processes, and providing high-quality services. This program helps agents improve their offerings and stand out in a competitive market.

About Realfinity

Making it easy to offer mortgage services - for any brand.
Realfinity is transforming how mortgages are offered, sold, and distributed by reducing compliance and technology barriers in the industry. As an enabling infrastructure provider, we support professionals and businesses in offering mortgage services through our origination and processing platform - promoting growth, affordability, and simplicity for all.

For more information about Realfinity and its services, please visit https://realfinity.io/

Real-Finity, Inc. ("Realfinity") is excited to announce the availability of its Dual-License Program enabling the integration of mortgage services for real estate agents. In the dynamic and increasingly challenging environment of real estate, agents are now able to take advantage of this innovative solution to combat pressure on their commissions and enhance their value proposition by offering mortgage services.

Related link: https://realfinity.io/

Dark Matter Technologies launches to revolutionize mortgage origination with cutting-edge tech, unparalleled automation and relentless innovation

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies LLC, formerly Black Knight Origination Technologies LLC, was rebranded after it was acquired into the Perseus Operating Group (Perseus) of Constellation Software Inc. (Constellation). According to Rich Gagliano, Dark Matter Technologies' chief executive officer, the organization is on a mission to revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products including the popular AIVA® artificial intelligence solution and the comprehensive Empower® Loan Origination Platform.

In the scientific sense, the meaning of "dark matter" parallels the operating principles of the new company. Scientists believe dark matter is the backbone of the universe, an invisible force that holds galaxies together, connects them and shapes the universe. Dark Matter Technologies is similar and aims to be the invisible backbone behind its clients' mission-critical operations. Its highly scalable solutions harness hidden insights, connect seamlessly to advanced capabilities and propel mortgage origination to new frontiers with unique, market-leading innovations.

Dark Matter Technologies prioritizes being nimble and operates with the urgency of a startup while leveraging the knowledge and maturity gained over many years as one of the industry's leading technology providers. The company plans to do so while supporting and retaining what's made the business successful for decades-an experienced team focused on client service and driving simplicity in managing through a complex industry.

"We understand that our existing long-term client relationships extend far beyond innovative technology; our clients rely heavily on our team's unique knowledge and experience to enable their success," said Gagliano. "To that end, I'm proud to announce that our leadership team and 1,300+ employees will focus on a smooth, uneventful transition plan for our clients."

Dark Matter Technologies' deep client roster is an impressive group of banks, credit unions and independent mortgage lenders which represent a significant percentage of the mortgage industry's transactions. In addition to proven technology and support, clients will continue to demand financial strength and stability, robust audit, security and regulatory compliance tools and a continued track record of product investment.

According to Tom George, co-president of the Romulus portfolio of Perseus, who led the acquisition with Bonnie Wilhelm, COO of Perseus, "We're excited to invest in this industry-leader and to bring the impressive product roadmap to life. The leadership, the talented teams, the strong customer relationships-Dark Matter Technologies has everything we look for in an acquisition."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide.

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

About Constellation and the Perseus Operating Group:

Constellation, through its operating groups like Perseus, acquires, manages and builds vertical market software businesses that provide mission-critical software solutions. Based in North America, Perseus acquires and invests in software businesses like Dark Matter Technologies that are committed to providing long-term solutions and life-long partnerships to customers.

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

Dark Matter Technologies LLC, formerly Black Knight Origination Technologies LLC, was rebranded after it was acquired into the Perseus Operating Group (Perseus) of Constellation Software Inc. (Constellation). According to Rich Gagliano, Dark Matter Technologies' chief executive officer, the organization is on a mission to revolutionize the mortgage origination business by supporting, growing and aggressively innovating new and existing products including the popular AIVA® artificial intelligence solution and the comprehensive Empower® Loan Origination Platform.

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

FormFree integrates AccountChek 3n1 one-stop VOE/VOIE into Encompass®

ATHENS, Ga. /ScoopCloud/ -- FormFree® has partnered with ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure,  to make its AccountChek 3n1 asset, income and employment verification service available in Encompass®, the mortgage industry's leading cloud-based loan origination platform.

The seamless API integration allows lenders to order, manage and review verification of asset (VOA) and verification of income/employment (VOIE) reports with a single provider selection in Encompass. By consolidating VOA and VOIE orders through a single vendor, mortgage lenders improve efficiency in the loan origination process, reduce per-loan costs and streamline vendor due diligence.

FormFree's AccountChek 3n1 securely delivers direct-source VOA and VOI/E data in less than a minute, significantly shortening loan application timelines and collecting critical underwriting documents earlier in the application process.

VOA (Asset Report)

For over 10 years, FormFree VOA has helped borrowers skip the paper chase when qualifying for a loan. Borrowers send their direct-source financial data straight to lenders in an underwriting-friendly format that reduces delays, manual errors and fraud risk. Real-time insight into borrowers' assets, income and employment enables better credit decisioning.

Key features include:

* Average connection time of just 22 seconds

* Available with 30, 60, 90 and 180-day refresh periods

* Government-sponsored enterprise (GSE) rep and warrant relief eligible

VOIE (Income and Employment Report)

Several of today's popular VOI and VOE solutions have a success rate of less than 50%, requiring lenders to fall back on manual verification processes that are slow and result in a diminished borrower experience. FormFree's VOIE product covers 85% of all U.S. workers (over 100 million wage earners), saving lenders time and improving margins.

Key features include:

* Flat pricing significantly lower than market alternatives

* Up to 6 most recent pay stubs and 2 years of W-2s

* One free report refresh prior to close

"Now mortgage lenders can get all three core verifications - assets, income and employment - from one trusted partner within the familiar Encompass environment," said FormFree CEO Brent Chandler. "By combining VOA and VOIE, FormFree's AccountChek 3n1 eliminates the cost and headache of managing multiple vendors, helps loan teams work more efficiently and delivers a world-class borrower experience that expedites pre-approvals and increases loan pull-through."

About FormFree®

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

ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit https://www.icemortgagetechnology.com/ or call (877) 355-4362 to learn more.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here: https://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.

Twitter: @RealFormFree @ICEMortgageTech #mortgageindustry #fintech #digitalmortgage

FormFree® has partnered with ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure,  to make its AccountChek 3n1 asset, income and employment verification service available in Encompass®, the mortgage industry's leading cloud-based loan origination platform.

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

LBA Ware’s LimeGear Business Intelligence Platform Brings Performance Dashboards and Scorecards to Users of Fiserv’s Mortgage Director LOS

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, has partnered with Fiserv Inc. (NASDAQ: FISV) to provide out-of-the-box business dashboards and reports to users of the Mortgage Director loan origination system (LOS). With the integration of LBA Ware's LimeGear BI platform into Mortgage Director, banks, credit unions and independent mortgage lenders gain immediate access to sophisticated tools for improving efficiency, productivity and profitability.

Formerly known as PCLender, Mortgage Director is the modern LOS at the core of the Fiserv lending ecosystem. It enables lenders to offer a seamless, self-service mortgage experience that exceeds consumer expectations while improving service levels, streamlining operations and reducing loan manufacturing costs.

LimeGear is a turnkey BI platform that enables mortgage lenders to deploy unified data strategies across their organizations for actionable insights into productivity and efficiency. Branch and area managers can use data insights from LimeGear's dashboards to keep loan pipelines moving, zero in on decisions that support profitability and evaluate and inspire team performance.

"Financial institutions rarely have the luxury of assigning a dedicated data team to evaluate mortgage leads, pipelines, productivity and performance in real-time - yet business insights drawn from end-to-end loan lifecycle data are exactly what lenders need to maintain a competitive edge in any market," said LBA Ware Founder and CEO Lori Brewer. "LimeGear's data connection with Mortgage Director gives banks, credit unions and independent mortgage bankers a fast path to powerful dashboards and scorecards that supercharge their efficiency."

Fiserv will showcase LimeGear's integration with Mortgage Director in a virtual event this afternoon, November 10, from 2-3 p.m. ET. For registration details, contact your Mortgage Director account manager.

About LBA Ware:

LBA Ware(TM) is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia.

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

Twitter: @LBAWare @Fiserv #mortgageindustry #mortgagetechnology #mortgagelending #LimeGear #BI #businessintelligence

LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, has partnered with Fiserv Inc. (NASDAQ: FISV) to provide out-of-the-box business dashboards and reports to users of the Mortgage Director loan origination system (LOS).

Related link: https://go.lbaware.com/

FormFree Names Patty Pinckney Senior Director of Marketing

ATHENS, Ga. /ScoopCloud/ -- FormFree has hired brand strategist and marketing expert Patricia "Patty" Ramirez Pinckney as senior director of marketing. In this role, Pinckney will drive planning and implementation of FormFree's marketing campaigns, govern its strategic positioning within the mortgage industry and manage the firm's brand.

"Patty Pinckney has been an influential force in marketing for years. Her deep understanding of human behavior and global experience operationalizing integrated marketing strategies will be tremendous assets to FormFree as we grow our flagship automated asset verification service, AccountChek, and bring new products to market," said FormFree CEO Brent Chandler.

Pinckney brings more than 20 years' experience as a "big brand" marketer specializing in everything from brand development and strategic planning to full-scale marketing campaigns. She has applied her considerable expertise for global companies including Procter & Gamble, BBVA Bancomer and The Coca-Cola Company.

Pinckney, who worked with FormFree on a consulting basis prior to taking the post, most recently served as president of Mojo Communications and Marketing, a brand strategy firm that helps companies create deeper connections with a wider variety of audiences. Prior to that, Pinckney, who is bilingual, helmed The 650 Company, which develops business and communication strategies to engage Hispanic communities in both English and Spanish.

"Given my career-long passion for understanding consumers' motivations and bringing a global marketing approach to businesses of all sizes, joining the FormFree team feels like coming home," Pinckney said. "The mortgage industry is poised for innovation, and FormFree is leading the way with AccountChek, which has already demonstrated its power to transform the borrower and lender experiences. I look forward to further building the company brand and establishing long-lasting bonds between FormFree and the industries it serves."

About FormFree(R):

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(R), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Atlanta, Georgia.

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

*PHOTO for Media: Send2Press.com/300dpi/17-0810s2p-pinckney-300dpi.jpg
*Photo Caption: Patty Pinckney Joins FormFree as Senior Director of Marketing.

FormFree has hired brand strategist and marketing expert Patricia "Patty" Ramirez Pinckney as senior director of marketing. In this role, Pinckney will drive planning and implementation of FormFree's marketing campaigns, govern its strategic positioning within the mortgage industry and manage the firm's brand.

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