Tag Archives: Loan Origination Software

Shore United Bank inks contract with Dark Matter Technologies for its mortgage business with the Empower LOS and AIVA AI virtual assistants

Shore United pursues implementation to benefit from the enhanced productivity and borrower experience offered by Dark Matter's solutions

JACKSONVILLE, Fla., Nov. 25, 2024 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, announced today that Shore United Bank (Shore United), a community bank founded in 1876, has selected the Empower® LOS and select AIVA ® AI virtual assistants from Dark Matter to streamline its mortgage lending operations and offer additional support for integrations.

Image caption: Dark Matter Technologies.

Shore United is a full-service community bank serving customers in Maryland, Delaware and Virginia. The bank began searching for an LOS in 2024 that would offer its team more powerful automation, built-in business intelligence tools and support a broader array of integrations. After careful evaluation, Shore United chose the Empower LOS for its bundled, all-in-one mortgage origination functionality, coupled with AIVA AI virtual assistant solutions from Dark Matter.

The Empower LOS takes a task-based approach rather than a linear approach to automating loan production, allowing multiple processes to run concurrently with minimal lender intervention. By tapping employees only as needed to manage exceptions, the Empower LOS streamlines origination workflows, resulting in significant time and cost savings.

Under the agreement with Dark Matter, Shore United will use the Empower LOS and the AIVA AI virtual assistant solutions to leapfrog their business beyond their legacy technology and gain a competitive edge with customers.

“Shore United has transitioned to a more powerful platform that will propel them into the future, increasing their return on investment through improved productivity and offering price stability as the market picks up speed,” said Dark Matter SVP of Northeast Sales, Pete Micera. “We look forward to supporting Shore United’s expedited implementation timeline so they can begin enjoying the value of our solutions quickly.”

“Investing in Dark Matter Technologies is an investment in our customers’ homeownership journeys,” said Corey Galinsky, executive vice president at Shore United. “By adopting the Empower LOS and AIVA AI virtual assistants, we’re embracing cutting-edge technology that will streamline our operations and elevate the experience we deliver to our borrowers. This partnership reinforces our commitment to making the mortgage process smoother and more efficient, helping our customers achieve their homeownership dreams with greater ease and confidence.”

About Shore United Bank:

Shore United Bank is a full-service community bank with a rich history dating to 1876. We offer innovative banking with the personal touch you expect from a community bank. We are built around the character of our people and committed to the success of our clients, communities, employees, and shareholders. For more information, visit https://www.shoreunitedbank.com/.

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.

Tags: @dmattertech @shoreunitedbank #fintech #financialservices #marketing #mortgage

NEWS SOURCE: Dark Matter Technologies

This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/shore-united-bank-inks-contract-with-dark-matter-technologies-for-its-mortgage-business-with-the-empower-los-and-aiva-ai-virtual-assistants/

Dark Matter Technologies unveils Horizon User Conference agenda

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the agenda for its Horizon User Conference. Open to Dark Matter clients and partners, the conference will take place at the Fontainebleau Miami Beach Hotel on April 24-25, 2024.

Focusing on the "horizon" of mortgage lending and technology, the user conference features two days of networking events and sessions led by industry leaders and Dark Matter's team of mortgage technology experts.

Highlights from the Horizon User Conference agenda include:

* Preparing for a Brighter Future: Insights from Fannie Mae, Freddie Mac & the MBA

* AI Unleashed: Transforming Business in 2024

* Staying Secure: Navigating Cybersecurity Challenges ft. experts from AWS

* The Dark Matter Ecosystem: Empower, API, and the Portals - Today and plans for Tomorrow

"This year, we are thrilled to bring together the brightest minds in the industry at the Fontainebleau Miami Beach Hotel to share insights, foster innovation and shape the future of mortgage lending," said Dark Matter CEO Rich Gagliano. "Our carefully curated program is designed to empower our clients and partners with the knowledge, tools and connections needed to navigate the evolving landscape of mortgage technology. Together, we will dive deep into the challenges and opportunities that lie ahead, exploring how cutting-edge technology, strategic partnerships, and a commitment to excellence can transform the way we do business."

In addition to opening remarks from Gagliano, the conference will kick off with a welcome reception, and it will conclude with the Horizon Party, which will take place at Wynwood Walls, a street art museum renowned for its mural art.

Sponsors of the Horizon User Conference include CoreLogic, Docutech, Enact Mortgage Insurance, Equifax, Experian, First American Data & Analytics, Global Payments, Halcyon Still Water, Informative Research, KensieMae, Lenders One, Mortgage Guaranty Insurance Corporation, National MI, The Mortgage Collaborative and Wolters Kluwer. Exhibitors include ArchMI, Argyle, CoreLogic, DataVerify-Factual Data, DocMagic, Docutech, Newbold Advisors, Optimal Blue, Truework, Truv, Wolters Kluwer and Xactus.

To register for the event or for more information, please email Dark Matter Chief of Client Engagement, Tony Fox at tony.fox@dmatter.com.

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/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the agenda for its Horizon User Conference. Open to Dark Matter clients and partners, the conference will take place at the Fontainebleau Miami Beach Hotel on April 24-25, 2024.

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

Dark Matter Technologies adds mortgage technology veteran Tony Fox as chief of client engagement

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

Following Black Knight's September 2023 acquisition, Fox assumed a role leading enterprise client management at ICE Mortgage Technology. During his five years with Black Knight pre-acquisition, Fox led the account management team for the origination technology performance group. Prior to his tenure at Black Knight, Fox spent four years as the director of technology and business intelligence at 1st Priority Mortgage. He also brings experience through his former role as a technology consultant, as well as diverse sales and operations experience from his seven years with M&T Bank.

As Dark Matter's chief of client engagement, Fox is responsible for directing the company's account management and client success teams and will report to Sean Dugan, chief revenue officer at Dark Matter.

"We are immensely delighted to welcome Tony to our team, stepping into a role where his expertise and exceptional performance are already well-established," said Rich Gagliano, CEO at Dark Matter. "It's hard to think of a more important role than making sure the clients have a voice, that we're listening to what they need, and deliver products and services in line with those needs."

"Adding Tony to an already deep bench underscores our commitment that client communication is a two-way street. From our user forums to one-on-one meetings, we have a variety of channels for clients to reach out to us, and Tony will be the one shepherding those interactions and making sure our clients' voices are heard and acted upon," added Dugan.

Fox earned his bachelor's degree in math and economics from the University at Buffalo and his Master of Business Administration from Canisius College. He is currently pursuing Certified Mortgage Banker and Accredited Mortgage Professional designations through the Mortgage Bankers Association and is on track to complete both in 2024.

"I am thrilled to join Dark Matter and continue to work with a tremendous team and clients that I've known for years," said Fox. "At Dark Matter, we're on a mission to improve the mortgage process and optimize the workflow for lenders and their customers. I'm proud and grateful to be part of this vision for the mortgage market, and I couldn't have found a better fit to continue my commitment to this industry."

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/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced industry veteran Tony Fox as its chief of client engagement.

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

Publix Employees Federal Credit Union inks contract with Dark Matter Technologies to modernize mortgage operations

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(R) Loan Origination Platform in the credit union sector.

Empower combines intelligent process automation with all-in-one functionality to expeditiously process loans with minimal lender intervention. Using a method referred to as "exception-based processing," Empower works behind the scenes to make originating mortgage loans easier, faster and more efficient for lenders and the borrowers they serve.

"Dark Matter aims to become the invisible backbone behind its clients' mission-critical operations by providing credit unions with scalable, next-generation mortgage automation that enhances their members' experience," said Bob Brandt, managing director of sales at Dark Matter.

Headquartered in Lakeland, Florida, Publix Employees Federal Credit Union (PEFCU) is a member-owned co-operative that was founded in 1957 to meet the needs of Publix Super Markets associates and their family members.

"We're here to offer our members exceptional, convenient and innovative financial options throughout all phases of their life," said Jeremiah Kossen, PEFCU's President and CEO. "Our contract with Dark Matter will help us remain committed to giving them an efficient and seamless home buying experience."

Dark Matter is a member of the American Credit Union Mortgage Association (ACUMA), an organization dedicated to helping credit unions optimize their real estate financing services. Brandt and the entire Dark Matter team have been working closely with credit unions across the country to demonstrate how Empower and other Dark Matter technologies can improve workflows and bolster the bottom line.

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 Publix Employees Federal Credit Union:

PEFCU has over $1 billion in assets and maintains a five-star rating by Bauer Financial with an "A+" in financial health. PEFCU operates six full-service branch offices located in Florida: Lakeland, Pembroke Pines, Royal Palm Beach, Altamonte Springs, Sarasota, and Jacksonville, and one full-service branch located in Lawrenceville, Georgia. For more information, visit https://www.pefcu.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter's new corporate structure and reflects the growing footprint of the company's popular Empower(r) Loan Origination Platform in the credit union sector.

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

Dark Matter Technologies adds mortgage technology veteran Michael Housch as chief risk and information security officer

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Michael Housch as chief risk and information security officer. Housch, a C-suite and information security veteran of two and a half decades, joins Dark Matter following an eight-year stint with Black Knight, Inc (acquired by Intercontinental Exchange).

"Mike is a leader whose unparalleled credentials and industry experience are perfectly matched to the challenge Dark Matter is undertaking, which is nothing less than a dramatic reimagination of the mortgage lending process," said Dark Matter CEO Rich Gagliano. "For nearly a decade, Mike ensured our team's security kept up with our pace of innovation, and he's got the discipline and imagination Dark Matter needs to accelerate that pace and unleash our industry's untapped potential."

As Black Knight's chief information security officer (CISO), Housch developed and managed the company's information security vision and strategy to ensure the effective safeguarding of its information assets and technology. At Dark Matter, Housch will likewise oversee a comprehensive DevSecOps program spanning vulnerability management, identity access, cloud architecture, incident response, governance and regulatory audit oversight. In addition, Housch will be responsible for assessing and mitigating Dark Matter's operational, compliance and strategic risks at the enterprise level.

"Rich's vision for Dark Matter presents an invigorating opportunity to apply the wealth of knowledge I've gained and lessons I've learned over a 25-year career," said Housch. "The allure lies in Dark Matter's limitless potential. It's an open field where we can pioneer new approaches and reshape the mortgage landscape from the ground up, with risk and security woven into our strategy from day one. We're about to transform the industry where we've all dedicated our careers."

Prior to Black Knight, Housch served as chief information officer at First Federal Bank of Florida for more than a dozen years. There, he was responsible for keeping the bank on the cutting edge of innovation while also overseeing day-to-day operations and decisions related to institutional growth and efficiency, including oversight of information technology (IT), information security, physical security, electronic banking and business continuity. Housch earned his master's degree in business administration from Florida's Jacksonville University in 2022.

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.

RELATED LINKS:

https://www.blackknightinc.com/

https://www.ice.com/index

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Michael Housch as chief risk and information security officer. Housch, a C-suite and information security veteran of two and a half decades, joins Dark Matter following an eight-year stint with Black Knight, Inc (acquired by Intercontinental Exchange).

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

OpenClose Launches Mobile Assist™ Native Mobile App Platform

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, today announced the launch of its native mobile app platform, Mobile Assist™. Mobile Assist adds features and functionality to make originators more successful with a real-time omnichannel device platform that helps originators deliver superior service and guidance to their borrowers and referral partners in a secure, seamless and collaborative experience.

OpenClose's Mobile Assist allows originators to generate product and pricing scenarios, run AUS, lock loans, view conditions, receive real-time notifications, communicate easily and have greater visibility into all aspects of the loan manufacturing process. Originators can invite borrowers into a secure environment at any stage of the application process; upload or photo capture documentation; eSign documents; automatically verify employment, income and assets; view progression of their loan; action loan conditions; and collaborate with staff and affinity partners to efficiently complete the transaction.

For lenders, Mobile Assist extends the traditional office and will help attract top-tier sales talent and secure vital referral partners. The platform provides an environment where originators, borrowers, realtors and other affinity partners can fully function and collaborate on a native Android, iPhone or iPad device. With on-the-go connectivity to critical data and tools, you become the partner that offers originators cutting edge tools while establishing operational efficiencies and reducing the cost to manufacture loans

"OpenClose provides unburdened, secure connectivity to our digital lending ecosystem by eliminating the hardware tether associated with our competitors. With mobile devices being such an integral part of our culture today and the demand for in real-time experiences, OpenClose wanted to fundamentally shift the way people think about mortgage loan origination," said Allen Pollack, VP of Innovation at OpenClose. "Consumers demand the flexibility to engage on their time with the devices that are always by their side and have the opportunity to communicate not only with their lender, but also with all parties critical to their transaction. Originators can now embrace the culture and better service their borrowers and partners with unmatched work-from-anywhere personalized experiences."

OpenClose's Mobile Assist interacts seamlessly with its LenderAssist™ LOS, DecisionAssist™ PPE, and ConsumerAssist™ POS, providing a new level of synchronization between the lender's back-office staff, loan officers operating in the field, borrowers and affinity partners.

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device.

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

OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, today announced the launch of its native mobile app platform, Mobile Assist™. Mobile Assist adds features and functionality to make originators more successful with a real-time omnichannel device platform.

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

SimpleNexus launches ConnectUs Chat to facilitate real-time loan file collaboration between loan teams, borrowers and real estate agents

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus ConnectUs Chat, a messaging feature that enables real-time loan file collaboration between loan originators (LOs), borrowers and real estate agents within the SimpleNexus platform.

SimpleNexus ConnectUs Chat centralizes loan file communication, making it easy for LOs and borrowers to reference past conversations and collaboratively advance loan progress in real time using the SimpleNexus mobile app or desktop experience. This direct communication channel lets borrowers receive support in the same place they sign forms and submit documentation for their loan. Vital borrower conversations are automatically logged in the SimpleNexus app, eliminating the need for LOs to consolidate communications from various personal and business communication channels.

SimpleNexus plans to enhance ConnectUs Chat with the introduction of two additional features later this year. The Team Members feature will connect extended loan teams to ConnectUs Chat, improving borrower access to support and facilitating internal loan team communication. Another update will allow parties to communicate "in context" by integrating loan file screenshots into the chat window.

"ConnectUs Chat boosts lender productivity by bringing loan tasks and borrower communication together in one place without detracting from the high-touch, 'from anywhere' loan experience consumers expect," said SimpleNexus Senior Product Manager Tyler Prows. "Our customers' enthusiastic response to ConnectUs Chat is a testament to the SimpleNexus product team's focus on developing innovative features that meet the needs of the market."

ConnectUs Chat marks the most recent in a series of SimpleNexus product releases that enhance lenders' ability to collaborate with stakeholders in the loan production process from anywhere. Notably, SimpleNexus Disclosures, introduced last year, allows borrowers to eSign disclosures and lenders to distribute individual closing packages to settlement partners for online retrieval. The May 2020 release of SimpleNexus Closing Portal enables mortgage closing teams to conduct hybrid closings that minimize the need for physical closing appointments.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage #mortgagelending #domore

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus ConnectUs Chat, a messaging feature that enables real-time loan file collaboration.

Related link: https://simplenexus.com/

SimpleNexus Integrates with Reggora, Enabling Loan Originators to View and Manage Appraisals on the Go

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has partnered with Reggora, the leading automated appraisal technology for mortgage lenders and appraisers in delivering a range of origination solutions for the mortgage industry. The integration enables loan originators (LOs) to manage appraisals on the go within the SimpleNexus mobile app.

The integration with Reggora's end-to-end appraisal platform better enables LOs and real estate partners to collaboratively support borrowers through the entire homebuying process. From the SimpleNexus app, LOs can receive real-time appraisal status updates, share appraisal information with borrowers and real estate agents, and receive appraiser messages.

"A core value at SimpleNexus is love for the customer; for that reason, we are committed to forging technology partnerships that deliver real ROI for our users," said SimpleNexus COO Ben Miller. "Our integration with Reggora saves LOs from having to toggle back and forth between multiple systems to manage appraisals, putting time back in their day to build relationships and facilitate a smooth closing experience."

"Appraisal scheduling and management is a common source of delays to the closing process," said Reggora CEO Brian Zitin. "Reggora's end-to-end appraisal platform streamlines the appraisal experience-from scheduling, to payment, to report delivery. Lenders benefit from faster turn-around times and shorter time to close."

SimpleNexus empowers more than 20,000 loan officers to "do more" while serving more than 220 mortgage companies, including 15 of the top 25 retail lenders in the United States. For more information, visit https://simplenexus.com/domore.

About Reggora:

Reggora is a modern all-in-one appraisal platform for mortgage lenders and real estate appraisers. Reggora's software condenses and streamlines appraisals by automating traditionally manual processes such as finding appraisers, scheduling appraisal inspections, payment processing and underwriting. The company's platform provides mortgage lenders with higher quality appraisals and reduced turn times, while giving appraisers free tools to process more orders and maximize efficiency. Reggora is based out of Boston, Massachusetts. For more information, visit https://www.reggora.com/ or contact pablo@reggora.com for inquiries.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage

*LOGO link for media: https://www.Send2Press.com/300dpi/19-0724s2p-simplenexus-300dpi.jpg

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has partnered with Reggora, the leading automated appraisal technology for mortgage lenders and appraisers in delivering a range of origination solutions for the mortgage industry.

Related link: https://simplenexus.com/

DocMagic and LendingPad Integrate for Easy, Compliant Document Preparation and eSigning

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.

The new integration was completed in only 60 days and provides seamless access to DocMagic's fully TRID-compliant documents, state-specific disclosures and paperless digital mortgage process. Users are able to order, generate, manage, receive and deliver electronically signed TRID-compliant documents such as the loan estimate (LE), closing disclosure (CD) and other relevant lending documentation.

"DocMagic believes in establishing system-to-system connectivity to as many parties as possible in order to efficiently and expeditiously complete transactions and close loans on time," stated Steve Ribultan, director of business development at DocMagic. "Partnering with LOS providers like LendingPad is key to our goal of eliminating paper, ensuring compliance, and making the end user's job as easy as possible."

DocMagic's Audit Engine automates data and document validation throughout key phases in the lending process with continuous compliance checks, providing accuracy at all times. Mutual customers will realize greater efficiency and compliance adherence due to this integration. It significantly reduces time and costs, ensures data integrity, and eliminates errors that can lead to non-compliance.

"We are pleased to partner with the industry-leading loan document preparation provider and look forward to a long-term relationship with DocMagic," said Wes Yuan, managing director of WEI Technology. "With both of our platforms being completely SaaS and Cloud-based, there are a number of additional capabilities we can jointly leverage to make the life of the lender, originator and borrower much easier via digital lending."

About DocMagic:

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

About LendingPad(R):
7
Residential mortgage professionals created LendingPad's innovative loan origination system (LOS) to help lenders to make better lending decisions, to provide an exceptional user experience, and to enhance individual originators' ability to succeed. Leveraging from a highly-scalable cloud infrastructure, LendingPad is a web-based, end-to-end platform offering unique features such as same-file multi-user edit capabilities and real-time updates. LendingPad Network is a hub connecting borrowers, lenders and service providers. The solutions LendingPad offers elevate the efficiency, compliance, and information security of brokers, lenders, and depository institutions. LendingPad is a Premier Member of the Mortgage Bankers Association and a proud winner of HousingWire's Tech100 award. LendingPad is a product of WEI Technology LLC, headquartered in McLean, Va. Visit the company's website to learn more https://www.lendingpad.com/.

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

Twitter: @DocMagic @LendingPad #LoanDocumentPreparation #LoanOriginationSystemIntegration #eSigning #SaaS #fintech

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.

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

OpenClose LOS Platform, POS System and PPE Receives the Highest Overall Satisfaction and Lender Loyalty Score in STRATMOR’s New ‘Technology Insight Study’

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that STRATMOR Group's most recent Technology Insight Survey ranked the company's LOS platform, point-of-sale (POS) system, and product and pricing engine (PPE) as having the highest Overall Satisfaction and Lender Loyalty Score(TM) out of any vendor surveyed in the mortgage industry.

This year, STRATMOR conducted a more extensive survey than in previous years, evaluating vendors in core areas of residential lending automation. OpenClose's entire mortgage software solution suite was lauded by customers, scoring highly in all categories.

"Our core focus is innovation and support and our customers' happiness reflects the level of ingenuity and strong impact our development efforts have had," said Vince Furey, CRO at OpenClose. "I am particularly pleased to receive validation of our very hands-on, boutique-style customer support culture. Scoring second-to-none with 100% effective ratings in both help desk and overall customer support is a terrific accomplishment for our support team. We're elated that our solution scored so well and appreciate the hard work that STRATMOR Group invested to make the Technology Insight Study happen."

OpenClose had the highest Overall Satisfaction rating out of all LOS vendors surveyed in the mortgage industry, scoring 9.7 out of 10, had a perfect 100 Lender Loyalty Score(TM), and it is the only LOS provider that had zero outages reported. In the POS category, OpenClose scored higher than any vendor for Overall Satisfaction at 9.4 out of 10 and had the best Lender Loyalty Score(TM) with 86 out of 100.

The new STRATMOR Technology Insight Study also included a section that covered front-end digital mortgage solutions. STRATMOR's analysis of the Lender Loyalty Score(TM) for these systems shows OpenClose as the number one vendor in Overall Satisfaction. Key observations in the survey found that the most important lender perceived benefits were faster cycle times, increased borrower satisfaction and greater task and workflow automation.

Lastly, OpenClose's DecisionAssist(TM) product and pricing engine scored the highest in Overall Satisfaction and also touted a perfect 100 for its Lender Loyalty Score(TM).

"JP Kelly and I started OpenClose to innovate mortgage banking solutions, solve pain points and generally make the process faster, better, and cheaper," said Jason Regalbuto, the company's CEO and CTO. "With the dedication of an outstanding team of professionals with extensive mortgage experience and wonderful customers, we have achieved our goal. Seeing the customer satisfaction results in the STRATMOR report is a tremendous validation of 20 years of hard work. There's no stopping us now."

OpenClose recently broke new ground with the launch of the mortgage industry's only solution provided by a single vendor that offers a comprehensive Digital Mortgage POS solution consolidated with an end-to-end, multi-channel LOS that is completely browser-based. The unique solution removes multiple vendors, contracts and pricing models to dramatically reduce loan-manufacturing costs while also providing a more streamlined workflow. It takes the borrower experience to new heights and provides newfound back-office efficiencies.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About STRATMOR Group:

Founded in 1985, STRATMOR Group has, since inception, focused exclusively on making the mortgage business better for lenders and the borrowers they serve. Today, we are a data-driven advisory that guides our lenders and vendor clients alike to make smart strategic decisions, solve complex challenges, streamline operations, improve profitability and accelerate growth. For more information, visit https://www.stratmorgroup.com/.

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that STRATMOR Group's most recent Technology Insight Survey ranked the company's LOS platform, point-of-sale (POS) system, and product and pricing engine (PPE) as having the highest Overall Satisfaction and Lender Loyalty Score(TM) out of any vendor surveyed in the mortgage industry.

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

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

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

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

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

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

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

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

About OpenClose:

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

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

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

About Ascend Federal Credit Union:

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

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

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

LendingQB Makes FormFree’s Award-Winning AccountChek Asset Verification Part of Its ‘Lean Lending’ Loan Origination Software

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced the availability of its AccountChek(R) automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.

FormFree's flagship AccountChek service lets borrowers demonstrate their ability to repay mortgage loans without tracking down bank statements or other asset documents. The secure process results in a smoother borrower experience that greatly reduces loan processing and underwriting time and reduces the total time required to close a loan.

FormFree was the first asset verification provider approved to participate in Fannie Mae's Day 1 Certainty(TM) initiative. Since the introduction of Day 1 Certainty in 2016, more than 1,000 lenders have placed over 1.25 million orders for AccountChek, which automates asset analysis and provides standardized delivery of asset verification to lenders and their investors using a secure ReIssueKey(TM).

"AccountChek provides an ultra-secure and convenient way for borrowers to submit asset and deposit data using any smart device - and now, through our integration with LendingQB, the experience is just as secure and convenient for the loan officer or processor initating the AccountChek process," said FormFree Founder and CEO Brent Chandler.

LendingQB is an award-winning LOS that received top industry marks for end-user experience in STRATMOR Group's December 2017 LOS Technology Insights report.

"LendingQB's verifications dashboard gives lenders efficient access to the Day 1 Certainty services they know and trust, like AccountChek by FormFree," said LendingQB President Tim Nguyen. "By reducing the time and effort required to enable, order and track these services, we are further enhancing the value they already bring to our customers."

About FormFree(R):

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

About LendingQB:

LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call (888) 285-3912 or visit https://lendingqb.com.

FormFree today announced the availability of its AccountChek automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.

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

OpenClose Bolsters Software Integration and Support Teams

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

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

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

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

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

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

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

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

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

OpenClose Launches Corporate Website to Reflect New Positioning of its Enterprise-class, Multi-channel LOS and Mortgage Software Solutions

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced it unveiled a new corporate website to better position the company's expanded enterprise-class solution set, customer profile focus and long-term value proposition.

"We've grown exponentially over the past five years, and as such, had a need to ensure that the positioning of OpenClose as a company and its products are in line with our corporate mission, business strategy, customer commitment and ongoing technology innovation efforts," explains JP Kelly, president of OpenClose. "This new website is designed to clearly convey our comprehensive solution offering and our ability to cater to top 20 lenders that have multiple business channels and complex operations."

OpenClose offers one of the mortgage industry's only 100 percent browser-based LOS platforms that has robust multi-channel automation capability. The company's LenderAssist(TM) LOS and other solutions were all engineered from the ground up using the same code base, and it has been owned and operated by the same principles since the company was founded in 1999. Unlike many LOS vendors, LenderAssist's comprehensive end-to-end functionality was not created by way of multiple acquisitions, which typically rope together disparate technologies that can be prone to issues; or, via integrations with many third party vendors that are done in order to make up for system deficiencies.

Vince Furey, SVP of lending solutions at OpenClose, stated: "We have been boarding top-tier, very large lending entities that are successfully leveraging our LOS as a centralized platform to automate all business channels and workflows. Our new positioning showcases the immense power that OpenClose's enterprise-class mortgage software solutions offer and how they are very flexible, scalable and well-supported by our staff. While we have the proven scalability to support the largest national lenders, OpenClose is really the ideal solution and long-term technology partner for any size lending organization."

Key aspects of OpenClose's value proposition include: quick implementations; custom-configurable with easy set up; seamless workflow-driven automation with no manual intervention; fully web-based with no installs whatsoever; fully SaaS and Cloud-based technology; proven scalability; single code; hands-on implementations and system training; and second to none, boutique-style customer support.

OpenClose solutions include its LenderAssist(TM) LOS, DecisionAssist(TM) product and pricing engine (PPE), turnkey OC Correspondent(TM) conduit module, ConsumerAssist(TM) borrower-direct websites, OC Optics(TM) analytics and reporting software, and mobile technology.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis.

The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions and conduit aggregators. OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform.

The company provides lending organizations with full control of their data and creating a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

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

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced it unveiled a new corporate website to better position the company's expanded enterprise-class solution set, customer profile focus and long-term value proposition.

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

IDS Adds Pushback Notifications to Interface with Byte Software

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

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

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

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

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

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

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

About IDS, Inc.:
IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (http://info.idsdoc.com/)

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

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

Up-and-comer ubermortgage Embraces Home-Equity Conversion Mortgage (HECM) with Technology from ReverseVision

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading technology provider for the reverse mortgage industry, has formed a partnership with ubermortgage Inc. to support the budding lender's increasing demand for home-equity conversion mortgages (HECMs) with its RV Exchange (RVX) loan origination technology.

Emerging this year as a wholly-owned subsidiary of South Pacific Financial Corp., ubermortgage describes itself as a consumer-direct lender that combines the convenience of call center and online loan shopping with a relationship-oriented customer service approach to meet the evolving needs of today's consumers.

According to CEO John Johnston, the FHA-insured HECM has been part of ubermortgage's product plan since the company's outset.

"HECMs are an important opportunity for ubermortgage to create value for our customers," said Johnston. "We have a fiduciary responsibility to offer all borrowers, including those age 62 and older, flexible loan options that meet their needs."

An experienced traditional lender, Johnston knew that getting up to date on the latest changes to the HECM program was an essential first step. He signed up for training through RV University (RVU) and completed a live, three-day training course designed to springboard the success of companies like ubermortgage that have yet to establish their own HECM training. The course also gives attendees the opportunity to test-drive RVX.

ReverseVision's RVX serves as a centralized exchange that connects all participants in the lifecycle of a HECM loan and allows them to log in to a single system to share documents and information for each part of the loan process. The system encompasses everything from point-of-sale, processing and underwriting to funding, post-closing and secondary marketing.

For Johnston, choosing RVX was not difficult.

"Based on my years of experience, ReverseVision technology is the best out there, and I want ubermortgage and to be associated with the best. It's as simple as that," said Johnston. "We are committed to doing whatever it takes to perform exceptionally, create value for our consumers and differentiate ourselves in the marketplace."

"Ubermortgage has come out of the gates strong by embracing a diverse array of loan products that serve consumers at every step in their homeownership journey," said Wendy Peel, vice president of sales and marketing for ReverseVision. "We look forward to a long and fruitful partnership with ubermortgage that will bring HECM loans to more of the consumers who will benefit from the financial flexibility they offer."

About ReverseVision:

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance reverse mortgage lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

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

About ubermortgage:

A wholly-owned subsidiary of South Pacific Financial Corp., ubermortgage Inc. is a new type of mortgage company that leverages self-service technologies to address the needs of today's homebuyers and homeowners by providing a streamlined, do-it-yourself, low-cost and environmentally friendly mortgage experience.

ReverseVision, Inc., the leading technology provider for the reverse mortgage industry, has formed a partnership with ubermortgage Inc. to support the budding lender's increasing demand for home-equity conversion mortgages (HECMs) with its RV Exchange (RVX) loan origination technology.

FormFree Names Douglas Brewer Director of its Enterprise Architecture

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced the appointment of senior software developer Douglas Brewer to the role of director of enterprise architecture. Brewer, who first joined FormFree in 2014, will be responsible for managing the retention and growth of FormFree's software development team, overseeing enterprise software design and ensuring the quality and timely delivery of software updates.

An experienced architect of custom software, web-based user interfaces and APIs, Brewer specializes in signal processing, machine learning and other enabling technologies that rely on advanced algorithms and mathematical models to analyze data. Prior to joining FormFree, Brewer loaned his programming expertise to companies in diverse industries ranging from manufacturing to e-commerce to traffic control and spent five years as co-owner of BlackBox Software. He earned his bachelor's degree and doctorate, both in computer science, from the University of Georgia.

"Doug has been the powerhouse behind FormFree's technology assets as we've built out game-changing solutions for our customers," said FormFree Founder and CEO Brent Chandler. "His commitment to quality, creativity and leadership has been integral to the innovations we've brought to market as well as those still under development."

FormFree's flagship product, AccountChek, is an automated asset verification app that streamlines the loan underwriting process for both borrowers and lenders, reducing the time it takes to close loans and resulting in higher borrower satisfaction.

"Thanks to its founders' vision, leading FormFree development team has been a gratifying professional challenge and opportunity," said Brewer. "It is not every day that you have a chance to change the world."

About FormFree:

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/.

*LOGO for media: Send2Press.com/mediaboom/17-0522s2p-formfree-300dpi.jpg

FormFree today announced the appointment of senior software developer Douglas Brewer to the role of director of enterprise architecture. Brewer, who first joined FormFree in 2014, will be responsible for managing the retention and growth of FormFree's software development team, overseeing enterprise software design and ensuring the quality and timely delivery of software updates.

Atlantic Coast Mortgage Chooses ReverseVision’s RVX Loan Origination Software for New HECM Division

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Atlantic Coast Mortgage (ACM) has selected RV Exchange (RVX) loan origination software (LOS) to support its new home-equity conversion mortgage (HECM) division.

Founded in 2011 by mortgage industry veterans, ACM is a privately-held mortgage lender serving seven states in the Mid-Atlantic region. The company hired Senior Vice President Craig Minton, formerly of Bank of America and Wells Fargo, to establish a new HECM division with a special focus on the HECM for Purchase product. HECM for Purchase is an FHA-insured reverse mortgage program through which qualified borrowers can purchase a home with no required monthly mortgage payment.

"Whether it be to purchase a new home or refinance an existing home, the reverse mortgage loan is an excellent addition to ACM's portfolio of quality loan products that help borrowers achieve their financial and homeownership dreams," said Minton. "Our dedicated reverse mortgage consultants will work closely with our experienced team of traditional loan officers and real estate agent partners to serve the needs of our senior clients."

"Atlantic Coast Mortgage is a highly respected and growing regional lender, and we are delighted to facilitate their entry into the reverse mortgage business," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "The ACM team will benefit from technology that supports the entire reverse mortgage process from end to end, and its customers will gain access to a home-equity option that opens new doors for purchasing a home or extending retirement income."

ReverseVision's RVX serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process, encompassing everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing.

"RVX is a very user-friendly software, which is why it's the go-to technology for the reverse mortgage industry. My past experiences using RVX were incredibly positive, so it's the software I recommended we use at ACM," Minton said.

ReverseVision's Professional Services team traveled to ACM's Fairfax, Virginia, headquarters to oversee turnkey integration of RVX into ACM's origination software over the course of just two days.

ACM plans to grow its dedicated team of reverse mortgage consultants and is actively seeking loan officers with HECM origination experience.

"What sets us apart from most of our competitors is the level of service we deliver to senior clients," said Minton. "Our reverse mortgage consultants provide in-home consultations to each client so they can feel comfortable in their own setting while learning about the reverse mortgage loan program."

"Our senior population is healthier and as a result is living longer," Minton continued. "The biggest concern among seniors is not dying - it's running out of money. For many seniors, the reverse mortgage is a safe and effective strategy to assist in funding their retirement."

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

About Atlantic Coast Mortgage

Headquartered in Fairfax, Virginia, Atlantic Coast Mortgage (ACM) is a privately-held mortgage lender that has closed billions of dollars in loans for thousands of satisfied homebuyers in the Mid-Atlantic region since 2011. ACM's streamlined loan process provides all parties with real-time status updates and gets borrowers the loans they need significantly faster than larger institutions.

For more information, visit http://www.atlanticcoastmortgage.com.

ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Atlantic Coast Mortgage (ACM) has selected RV Exchange (RVX) loan origination software (LOS) to support its new home-equity conversion mortgage (HECM) division.

ReverseVision Named to HousingWire’s HW TECH100 for Second Time

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced it has been named to HousingWire's HW TECH100(TM) list of the housing economy's most innovative technology companies for a second time. Previously recognized in 2015, ReverseVision is the only reverse mortgage loan origination software (LOS) provider to be selected for the prestigious award.

HousingWire introduced its TECH100 program in 2014 to recognize the increasingly influential role of technology companies serving the mortgage space. Chosen by HousingWire's editorial staff, winners of the award must demontrate market influence across six discrete dimensions. Every year has seen an increase not only in the number of companies who apply for the award, but also the breadth of their innovation.

ReverseVision was recognized for its flagship RV Exchange (RVX) LOS, the only reverse mortgage software that connects users across the entire industry. From loan origination to ordering services and from documents to closing, the end-to-end loan process can be done without ever stepping outside the software.

"HousingWire's Tech100 program is widely recognized as a 'who's who' of mortgage technology innovators, and we are honored to make the list for a second time," said John Button, president and CEO of ReverseVision. "ReverseVision is proud to support our lenders and brokers as the industry's source of reverse mortgage innovation in technology, education and thought leadership."

"The companies that make up the 2017 HW TECH100(TM) are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing and investment," said HousingWire Senior Financial Reporter Ben Lane. "These companies aren't just taking part in the housing industry's technological revolution; they're leading it."

For a full list of honorees, visit http://tech100.housingwire.com/.

About ReverseVision:

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A driving innovator in the reverse mortgage industry, ReverseVision's growth, leadership and innovation have been recognized in Deloitte's Technology Fast 500(TM) listing and by such publications as HousingWire, Mortgage Banking and Mortgage Professional America. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance reverse mortgage lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

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

About HousingWire:

HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. The company's news, commentary, magazine content, industry directories and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/ Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors and Trade Association Business Publications International.

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

ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced it has been named to HousingWire's HW TECH100(TM) list of the housing economy's most innovative technology companies for a second time. Previously recognized in 2015, ReverseVision is the only reverse mortgage loan origination software (LOS) provider to be selected for the prestigious award.

Simplifile Integrates Collaboration, Post Closing Services with LendingQB

PROVO, Utah /ScoopCloud/ -- Simplifile, a leading provider of real estate document and data collaboration and recording technologies for lenders, settlement agents, and counties, today announced the integration of its Collaboration and Post Closing services with LendingQB, a provider of 100 percent web browser-based, end-to-end mortgage loan origination software.

Through the integration, LendingQB users can create loan records to initiate data and document sharing with settlement providers, collaborate and exchange Closing Disclosure data with settlement agents, communicate in real time and gain immediate insight into any changes made by settlement.

"In today's lending environment, it is critical that lenders be able to seamlessly share data between loan production, settlement and all other key parties," said Tim Nguyen, president of LendingQB. "This partnership with Simplifile enables users to ensure that changes made by settlement agents are immediately updated in the loan file."

Simplifile Collaboration enables lenders to work directly with their settlement partners to share, receive, and validate documents and data by providing a platform for collaborating on fee data, documents, and transaction details, while Simplifile Post Closing informs lenders automatically on the recording status of documents and delivers the final title policy and fee data electronically, thus closing the loop on the entire mortgage transaction. With this integration, LendingQB users gain visibility into settlement agent processes while creating an auditable track record of all loan changes, updates, deficiencies and status within a single system.

"When lenders are more connected to their settlement partners, the mortgage closing process becomes much smoother, and there is a demonstrable effect on reducing the errors and miscommunications that can lead to compliance errors," said Simplifile President Paul Clifford. "Even before TRID, keeping the LOS and title production data in sync was a huge challenge, and there has been a persistent need for this type of transparency, which hasn't been available until now. Simplifile Collaboration and Post Closing create an environment where lenders and settlement agents can work together and communicate in real time to execute closing documents in a more efficient and compliant manner."

More than 17,000 settlement companies already use Simplifile to e-record documents in 1,500+ counties and jurisdictions across the nation, making it easy for lenders to connect seamlessly to their existing settlement partners and be operational almost immediately.

For more information, visit https://simplifile.com.

About Lending QB:

LendingQB(R) is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan residential mortgage origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.

Trademarks: LendingQB(R) and Lean Lending(R) are registered trademarks of MeridianLink, Inc. in the U.S. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

About Simplifile:

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

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

Simplifile, a leading provider of real estate document and data collaboration and recording technologies for lenders, settlement agents, and counties, today announced the integration of its Collaboration and Post Closing services with LendingQB, a provider of 100 percent web browser-based, end-to-end mortgage loan origination software.

Willow Bend Mortgage Now Offers Reverse Mortgages in 12 States Using ReverseVision Exchange (RVX) Loan Origination Software

SAN DIEGO, Calif., April 20, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision announced today that Willow Bend Mortgage (Willow Bend), an independent mortgage lender serving the South Central United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). A long-standing community lender in its home state of Texas, Willow Bend began expanding its reverse mortgage program in 2015 and is currently licensed to operate in 12 states.

"We now have a dedicated reverse mortgage division made up of about 15 specialists," said Reverse Mortgage Divisional Manager Mike Hicks. "Our forward loan officers work closely with the reverse mortgage team and remain at the client's side every step of the way."

According to Hicks, Willow Bend originates reverse mortgages strictly on a retail basis for now, but a wholesale channel could be in the lender's future if volumes continue to grow. "At this time last year, we were preparing for Financial Assessment and just doing a handful of reverse mortgages," Hicks said. "Now our pipeline is growing, and we expect volume to trend up over the next year."

Financial Assessment refers to a series of FHA-administered changes to the underwriting criteria for Home Equity Conversion Mortgage (HECM) loans, commonly called reverse mortgages. The Financial Assessment rules make the HECM an even safer loan product for consumers by requiring lenders to evaluate borrowers' credit history, income and debt to determine if they are capable of meeting the obligations of a loan. First announced in 2013, Financial Assessment went into effect in April 2015.

"Now that we're through the first year of Financial Assessment, we're focused on growing our team and our HECM for Purchase business," said Hicks, who began his career in the reverse mortgage business as a consultant with such large depository institutions as MetLife and Wells Fargo. Both banks have since exited the reverse mortgage space. Prior to joining Willow Bend, Hicks served as sales manager at 1st Reverse Mortgage USA.

"Texas was the last state to get the HECM for Purchase," noted Hicks, "so our main focus is to get out there and educate REALTORS, builders and senior borrowers." Texas voters approved a constitutional amendment to allow HECM for Purchase financial transactions in November 2013. HECM for Purchase is a product that allows homeowners to take out a reverse mortgage and buy a new residence all within a single transaction. "It's my hope that HECM for Purchase will one day represent 50% of Willow Bend's overall business," Hicks added.

Willow Bend selected RV Exchange (RVX) as its reverse mortgage LOS largely because of the user-friendly experience it delivers. "RVX is such a user-friendly software," said Hicks. "It's easy to manage from the time a loan officer first uses the software for quoting a loan all the way through to reporting. That's why it's one of most utilized programs throughout the industry."

RVX is San Diego, California-based ReverseVision's flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.

Hicks commended the turnkey nature of RV Exchange (RVX), reserving special praise for the hands-on support provided by ReverseVision VP of Professional Services Jeff Birdsell. "Jeff's hands-on approach was phenomenal," Hicks said. "He came out here and walked us through the process of putting our own products into the system. From the time we purchased RVX to the time we were up-and-running was a few days at the most."

RVX encompasses everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing. This central exchange model is unique in the mortgage industry and offers benefits to all parties that include reduced document errors, heightened information security and shorter fulfillment timelines.

"We are pleased to help Willow Bend bring the benefits of HECM products, especially the HECM for purchase, to new borrowers in Texas and surrounding states," said Wendy Peel, vice president of sales and marketing for ReverseVision. "RVX provides a full suite of features and the wholesale infrastructure to scale with Willow Bend's needs as it grows its reverse mortgage business."

About Willow Bend:

Willow Bend Mortgage was founded in 1993 as a small brokerage shop built on servant leadership principles. Today, Willow Bend is a full-scale mortgage banking operation with offices in Texas and Alabama. Headquartered in Plano, Texas, Willow Bend generates more than $500 million in single-family "traditional" and reverse mortgages each year. Willow Bend loan officers take pride in putting their clients' interests first. With a superior product mix, expert loan officers and an operations staff that is second to none, Willow Bend helps borrowers navigate today's highly regulated mortgage environment.

For more information, visit http://www.wbm.com/.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

Twitter: @ReverseVision @wbmtx

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/willow-bend-mortgage-now-offers-reverse-mortgages-in-12-states-using-reversevision-exchange-rvx-loan-origination-software-2016-0420-05.shtml.

NEWS SOURCE ReverseVision :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.