Tag Archives: loan origination system

LodeStar Integrates with Dark Matter Technologies’ Empower® LOS Platform

CONSHOHOCKEN, Pa., July 14, 2026 (SEND2PRESS NEWSWIRE) — LodeStar Software Solutions (LodeStar), the leading provider of mortgage closing cost and fee data, today announced that it is integrated with Dark Matter Technologies (Dark Matter®). LodeStar’s Closing Cost Calculator is now available in Empower® loan origination system (Empower), developed in conjunction with the Dark Matter Developer Platform.

Image caption: LodeStar Integrates with Dark Matter Technologies’ Empower LOS Platform.

The Dark Matter Developer Platform enables third-party technology providers to connect their solutions to the Empower® ecosystem, expanding the capabilities available to lenders across the mortgage lifecycle. Through the Developer Platform, LodeStar will deliver fully integrated fee reliance and fee-related compliance tools to lenders using Dark Matter’s technology ecosystem.

Founded in 2013 and utilized by thousands of originators nationwide, LodeStar helps mortgage originators effectively manage their third-party closing costs to save both time and money as well as maintaining TRID (TILA-RESPA Integrated Disclosure Rule) compliance.

“LodeStar is proud to be the first integration partner to use the new Dark Matter Developer Platform,” said LodeStar CEO and Co-Founder, Jim Paolino. “Connectivity is one of our core values, and we’re excited to launch this new partnership.”

“At Dark Matter, we are focused on delivering intelligent, configurable technology that strengthens lenders across the mortgage lifecycle,” said Sean Dugan, CEO of Dark Matter Technologies. “By welcoming LodeStar to the Dark Matter Developer Platform, we’re expanding the range of capabilities available to lenders seeking to strengthen risk management and compliance across the loan origination process.”

For more information about LodeStar or Dark Matter Technologies, please visit their websites.

ABOUT LODESTAR SOFTWARE SOLUTIONS

Founded by Jim Paolino and David Spektor in 2013 in response to the complexities of closing cost disclosures, LodeStar is a privately held firm specializing exclusively in mortgage closing costs. From statewide transfer taxes to granular township-level fees, LodeStar ensures accurate, compliant fee disclosures for every loan, serving as a trusted partner in fee management. Driven by its core values of clarity, community and connectivity, the company helps mortgage lenders across the country drive down mortgage production costs through precise disclosures and reliable services. Learn more at https://www.lodestarss.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 powerful technology with unparalleled automation and relentless innovation to leading mortgage lenders, servicers and companies nationwide. For more information, visit https://www.dmatter.com.

X: @dmattertech #fintech #mortgage #HousingWire #HWAwards

NEWS SOURCE: LodeStar Software Solutions

This press release was issued on behalf of the news source (LodeStar Software Solutions), 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/lodestar-integrates-with-dark-matter-technologies-empower-los-platform/

OptiFunder Connects LendingPad LOS to Genesis to Link Origination and Warehouse Funding

ST. LOUIS, Mo., May 14, 2026 (SEND2PRESS NEWSWIRE) — OptiFunder®, the mortgage industry leader in warehouse management automation, announced a new integration with LendingPad, the award‑winning, cloud‑native loan origination system. The integration brings LendingPad and Genesis by OptiFunder together, creating a direct connection between loan origination and warehouse funding operations. The platforms align the loan lifecycle from origination through funding, reconciliation, and execution in the capital markets.

Image caption: OptiFunder Connects LendingPad LOS to Genesis to Link Origination and Warehouse Funding.

With LendingPad now connected to Genesis, mortgage bankers can carry loans from origination into warehouse finance without leaving the LOS or duplicating data. The integration blends real‑time loan and funding information from LendingPad with Genesis’ warehouse intelligence spanning more than 60 warehouse lenders, allowing originators to plan funding strategy, manage line utilization, and automate post‑closing activity within a single, coordinated workflow. By removing manual handoffs and disconnected tools, lenders gain lower financing costs, improved funding precision, and greater efficiency across the entire warehouse process—supported by a single, dependable system of record.

“Warehouse funding has long been managed outside the LOS, creating unnecessary friction at a critical point in the lending lifecycle,” said Brian Abbott, Chief Operating Officer of OptiFunder. “Connecting LendingPad and Genesis brings origination and warehouse execution together. Originators gain clearer visibility and stronger control, LOS platforms expand into warehouse finance without added complexity, and warehouse lenders benefit from consistent, scalable connectivity across their customer base.”

The integration also strengthens the broader warehouse ecosystem. For LOS platforms like LendingPad, Genesis extends the origination workflow into warehouse finance without the burden of building and maintaining individual integrations for each warehouse lender. For warehouse lenders, Genesis delivers greater transparency, consistency, and operational efficiency through a single, bi‑directional connection that supports multiple originators.

Built on an API‑driven architecture, the integration improves reliability and security throughout the funding lifecycle. Direct system‑to‑system connectivity reduces reliance on spreadsheets, emails, and lender portals, lowering the risk of data errors and operational bottlenecks. Secure data exchange, role‑based permissions, and complete audit trails enhance oversight and compliance, while automated workflows ensure funding, collateral handling, reconciliation, and paydowns are executed accurately and consistently.

“From the beginning, LendingPad has been focused on helping mortgage professionals lend better, together,” said Wes Yuan, Chief Executive Officer of LendingPad. “Integrating with OptiFunder extends that philosophy into warehouse finance, giving our customers better visibility, fewer touchpoints, and more confidence as loans move from origination to funding and beyond.”

For more information about Genesis by OptiFunder, visit: https://www.optifunder.com/.

To learn more about LendingPad, visit: https://lendingpad.com/.

ABOUT OPTIFUNDER

Founded by mortgage lenders to modernize post‑closing and secondary market operations, OptiFunder is a mortgage technology company delivering transparent, efficient warehouse management solutions for mortgage originators and warehouse lenders. Its Genesis and Greyhound platforms connect funding, post‑closing, and loan repayment into a unified lifecycle that reduces friction, improves visibility, and supports scalable operations. OptiFunder has been recognized for innovation and growth, earning honors including Inc. 5000’s Fastest Growing Private Companies, HousingWire’s Tech100 Mortgage award, and Progress in Lending’s Innovation Award.

ABOUT LENDINGPAD

LendingPad is a modern and innovative Loan Origination System (LOS) serving lenders, brokers, bankers, credit unions, and wholesalers with centralized and compliant automated technology tailored to the mortgage industry. Recognized for excellence with the HousingWire’s Tech100 award, LendingPad streamlines the entire mortgage lending process while reducing operational costs. The National Association of Mortgage Brokers (NAMB) platform endorses the platform. LendingPad is a proud member of the Mortgage Bankers Association (MBA), ACUMA, and the MISMO organization.

MULTIMEDIA:

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Image caption: OptiFunder Connects LendingPad LOS to Genesis to Link Origination and Warehouse Funding

NEWS SOURCE: OptiFunder

This press release was issued on behalf of the news source (OptiFunder), 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/optifunder-connects-lendingpad-los-to-genesis-to-link-origination-and-warehouse-funding/

Vesta Partners with OptiFunder to Bring Loan Origination and Warehouse Funding Together

ST. LOUIS, Mo., May 12, 2026 (SEND2PRESS NEWSWIRE) — OptiFunder®, the mortgage industry pioneer in warehouse management automation, has partnered with Vesta, the AI-native loan origination system and agent platform, to connect loan origination and warehouse funding workflows. The integration links origination, funding, and sale to the capital markets, eliminating fragmented systems and manual handoffs that have historically slowed execution and increased risk.

Image caption: Vesta Partners with OptiFunder to bring loan origination and warehouse funding together.

That fragmentation ends with Genesis by OptiFunder, a Warehouse Management System for mortgage originators, embedded directly inside Vesta’s LOS. Mortgage bankers can now manage warehouse funding strategy, optimize line utilization, and automate post-closing workflows without switching systems or rekeying data. The integration combines real-time origination data with intelligent decisioning across OptiFunder’s network of 60+ warehouse lenders, cutting financing costs and improving funding accuracy across origination, reconciliation, and paydown — all from a single system of record.

“Warehouse management has traditionally operated outside the LOS, creating unnecessary friction and risk,” said Brian Abbott, Chief Operating Officer of OptiFunder. “By connecting the LOS and Genesis, we’re aligning origination and warehouse workflows into a single, intelligent process. Originators gain a seamless, end-to-end funding experience, Vesta extends its operational reach, and warehouse lenders benefit from standardized, system-driven connectivity that scales across multiple originators and environments.”

Beyond originators, the integration delivers meaningful value across the broader warehouse ecosystem. Together, Vesta and OptiFunder extend the origination workflow into warehouse finance—one of the most capital-intensive and operationally complex stages of mortgage lending—without requiring custom, one-off integrations for each warehouse lender. For warehouse lenders, Genesis provides a single, bi-directional integration that supports dozens of originators, improving consistency, visibility, and operational efficiency.

The API-based integration also enhances reliability and security throughout the funding lifecycle. System-to-system connectivity reduces reliance on spreadsheets, emails, and manual portal activity, minimizing data errors and operational risk. Secure data transmission, role-based access controls, and complete audit trails improve transparency and support compliance requirements, while automated workflows ensure funding, collateral, reconciliation, and paydowns are executed consistently and predictably.

“We’re proud to partner with the OptiFunder team to bring Genesis closer to the loan origination workflow,” said Monica Raciti, Head of Operations and Partnerships at Vesta. “Warehouse finance is one of the most operationally complex parts of mortgage lending, and tighter integration between origination and funding makes life easier for the lenders we both serve.”

For more information about Genesis by OptiFunder, visit: https://www.optifunder.com/

To learn more about Vesta, visit: https://www.vesta.com/

About OptiFunder

Founded by mortgage lenders to modernize post-closing and secondary market operations, OptiFunder is a mortgage technology company delivering transparent, efficient warehouse management solutions for mortgage originators and warehouse lenders. Its Genesis and Greyhound platforms seamlessly connect funding, post-closing, and loan repayment, creating a unified lifecycle that reduces friction, improves visibility, and supports scalable operations. OptiFunder has been recognized for its innovation and growth, earning honors including Inc. 5000’s Fastest Growing Private Companies, HousingWire’s Tech100 Mortgage award, and Progress in Lending’s Innovation Award.

About Vesta

Vesta is the AI-native loan origination system and agent platform for mortgage, powering banks, independent mortgage banks, and fintech lenders. Built on a modern, cloud-native system of record, Vesta gives lenders a single source of truth—every loan, borrower, property, and document is versioned, auditable, and accessible via API—so teams and agents operate from the same trusted context. Vesta blends deterministic rules and configurable workflows with autonomous agents that can interpret documents, call domain tools (e.g., income and asset calculators, conditions, disclosures, pricing and fee workflows), and orchestrate work across teams and third parties with traceable outcomes and human oversight. The result is faster cycle times, lower cost per loan, and a scalable “agent factory” operating model. Founded in 2020, Vesta is backed by Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures, and Zigg Capital. Learn more at https://www.vesta.com/.

MULTIMEDIA:

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Image caption: Vesta Partners with OptiFunder to bring loan origination and warehouse funding together.

NEWS SOURCE: OptiFunder

To view the original story, visit: https://www.send2press.com/wire/vesta-partners-with-optifunder-to-bring-loan-origination-and-warehouse-funding-together/

Dark Matter Technologies integrates Snapdocs with its Empower LOS to power seamless digital closings

Empower LOS clients gain an enhanced eClosing workflow that accelerates funding and improves the borrower experience

JACKSONVILLE, Fla., March 24, 2026 (SEND3PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced a new integration between its Empower® loan origination system (LOS) and Snapdocs, the mortgage industry’s leading digital closing platform. Through the seamless, two-way integration, closing teams can generate orders, track transaction progress with real-time status updates and automate key closing and funding workflows, all without leaving their system of record.

Image caption: Dark Matter Technologies integrates Snapdocs with its Empower LOS to power seamless digital closings.

By eliminating the need to toggle between platforms, lenders gain operational efficiency while maintaining full visibility into the closing process. Borrowers benefit from the ability to preview closing documents before signing—across wet, hybrid, and full eClosing transactions. This helps identify and resolve potential issues early and reduces funding delays. The centralized workflow supports automated quality control checks and a streamlined signing experience, resulting in shorter appointments and more predictable closings.

The integration is available to Empower LOS clients regardless of document provider, providing flexibility as lenders continue to evolve their technology stacks.

“This integration reflects our commitment to delivering a modern, connected mortgage ecosystem,” said Sean Dugan, CEO of Dark Matter Technologies. “By embedding Snapdocs’ digital closing capabilities directly within Empower, lenders can simplify operations, reduce errors and provide a more seamless experience for their borrowers.”

“At Snapdocs, we believe lenders should have the flexibility to connect best-in-class solutions across their technology ecosystem,” said Michael Sachdev, CEO of Snapdocs. “With so many lenders already using Empower and Snapdocs, this integration creates a natural bridge between the systems, empowering lenders to automate critical closing workflows, reduce manual effort and errors, and scale digital adoption with confidence.”

Empower LOS clients interested in activating the Snapdocs integration can contact their Dark Matter account manager for more information.

ABOUT DARK MATTER TECHNOLOGIES:

ABOUT SNAPDOCS:

Snapdocs is the leading digital closing provider, connecting the people, processes, and technologies that power mortgage closings. Its patented AI-driven platform automates the critical interactions between lenders, title companies, and secondary market participants from pre-closing through the sale of the loan. Paired with white-glove customer service and connectivity to the industry’s largest settlement and notary networks, Snapdocs makes mortgage closings fast, accurate, and efficient. This approach gives customers a competitive advantage by saving them time and money. For more information, visit https://www.snapdocs.com.

LOGO link for media: https://dmatter.com/wp-content/uploads/dark-matter-logo.svg

X: @dmattertech @snapdocs #fintech #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/dark-matter-technologies-integrates-snapdocs-with-its-empower-los-to-power-seamless-digital-closings/

Dark Matter Technologies enables secure AI agents inside the Empower LOS for regulated lending

This release makes Dark Matter the first LOS provider to support AI agents to securely interact with Dark Matter's LOS platform using Model Context Protocol

JACKSONVILLE, Fla., Feb. 25, 2026 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the launch of a new capability on the Dark Matter Developer Platform, enabling lenders to use AI agents securely within the regulated mortgage environment.

Image caption: Dark Matter Technologies.

Lenders are increasingly exploring AI to reduce manual work and speed access to information, but they need to do so while remaining secure and compliant. Building on top of a traditional loan origination system (LOS), APIs require significant programming skills. AI agents, on the other hand, can be built and managed by business teams and still benefit from the security, auditability and compliance of the API platform.

Model Context Protocol, an open-source standard for connecting AI applications to external systems, addresses that gap by enabling AI agents to interact with the Empower® LOS platform through a secure, managed gateway. Rather than giving AI tools direct access to loan data, the gateway validates user identity, enforces permissions, limits data exposure and creates a complete audit trail for every request. Dark Matter manages all gateway infrastructure and monitoring, while lenders remain responsible for building and deploying their AI agents.

In practice, lenders can deploy AI agents, allowing employees to ask natural-language questions about pipeline status, tasks or upcoming closings. Users see only the information they are authorized to access. All requests pass through Dark Matter’s gateway, where security and compliance controls are applied before results are returned. This capability also allows lenders to connect AI agents to other internal systems, such as customer relationship management (CRM), servicing or billing platforms, to bring new innovative solutions to life.

“By managing the secure communication layer — identity, permissions, monitoring and auditability — we give lenders the freedom to innovate with AI on top of Empower while maintaining full control and compliance,” said Vikas Rao, chief technology officer at Dark Matter Technologies. “This is the foundation lenders have been missing.”

“We believe in helping clients realize their innovative ideas, while still staying secure and compliant,” said Sean Dugan, chief executive officer of Dark Matter Technologies. “This capability allows teams to use AI to surface information faster, reduce manual effort and support day-to-day workflows — all while keeping humans firmly in control of lending decisions. It’s all about driving measurable efficiency gains without introducing new compliance risk.”

Empower LOS customers can enable the capability now through the Dark Matter Developer Platform with support from Dark Matter’s implementation team.

ABOUT DARK MATTER TECHNOLOGIES:

X: @dmattertech #fintech #mortgage

LOGO link for media: https://dmatter.com/wp-content/uploads/dark-matter-logo.svg

NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-enables-secure-ai-agents-inside-the-empower-los-for-regulated-lending/

Elevate, Dark Matter Technologies’ servicing platform, gains momentum with new signings and technology enhancements

Client growth and ongoing enhancements strengthen Elevate's role across the servicing lifecycle

JACKSONVILLE, Fla., Feb. 2, 2026 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced continued client momentum that includes a multi-year renewal with Arbor Bank and a new client signing with Covey Financial, as well as tighter integration of its Elevate ℠ Loan Servicing Solution (Elevate) and the Empower® loan origination system (LOS).

Image caption: Dark Matter Technologies.

Arbor Bank recently renewed its Elevate servicing platform agreement for an additional five years, citing a strong partnership and the platform’s ability to support evolving servicing needs. Covey Financial selected Elevate to help reduce manual processes, support a small servicing team and accommodate the unique loan products it services, including specialized community-focused programs.

Together, these client wins reflect how organizations are increasingly evaluating servicing technology based on automation, flexibility and vendor partnership, particularly as servicing teams are asked to do more with fewer resources.

Elevate is designed to help servicers operate more efficiently by automating high-effort, time-sensitive servicing activities, including scheduled investor reporting and transmissions, as well as interim servicing workflows. This automation provides servicing teams with clear visibility into what is being generated and delivered.

Elevate includes a native, web-based consumer portal that supports common self-service activities, helping to reduce call volume and manual follow-up. Borrowers can securely make payments and access key account information, while servicers benefit from fewer routine interactions and a more consistent borrower experience.

Designed to support a broad range of loan types, Elevate accommodates mortgage and home equity loans alongside many consumer and commercial products. This flexibility enables institutions to consolidate their servicing operations within a single platform, thereby reducing system complexity and enhancing operational consistency.

Although Elevate is LOS-agnostic, lenders that originate on the Empower LOS and service on Elevate benefit from tighter integration, which supports a more streamlined transition from closing to onboarding and servicing. With borrower, loan, and property data already captured during the origination process, servicers can reduce duplicate data handling and accelerate setup, improving time-to-first-payment and lowering operational risk. The integrated approach also positions lenders to better support retention strategies, using servicing-held loans and borrower context to inform timely outreach for refinancing, home equity or other recapture opportunities, in line with lender-defined rules and compliance requirements.

“We are tightly focused on supporting clients with a proven servicing platform that continues to evolve based on how it is used in real-world operations,” said Sean Dugan, CEO of Dark Matter Technologies. “By integrating Elevate with the Empower LOS, we make it easier for lenders to move loans from origination into servicing without added steps or duplication of effort. Backed by a team that understands servicing firsthand, this integration gives clients greater consistency across the servicing lifecycle.”

Formerly known as CMS Servicing, Elevate moved to Dark Matter Technologies in 2024, following Dark Matter’s acquisition by Constellation Software.

SEE IT ALL AT MBA SERVICING:

Dark Matter will showcase integration of the Elevate Loan Servicing Solution with the Empower LOS at MBA’s Servicing Solutions Conference & Expo, Feb. 16–19, 2026, in Grapevine, Texas. Visit the Dark Matter booth #616 to see demos, explore use cases for full and interim servicing, and learn how to unify origination and servicing on a single technology ecosystem.

ABOUT DARK MATTER TECHNOLOGIES:

X: @dmattertech #fintech #mortgage #MBAServicing26

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NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/elevate-dark-matter-technologies-servicing-platform-gains-momentum-with-new-signings-and-technology-enhancements/

Dark Matter Technologies enhances its Empower LOS with full-scale eClosing capabilities

Integration with Wolters Kluwer technology delivers streamlined, secure and fully digital mortgage closings

JACKSONVILLE, Fla., Oct. 14, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the expansion of the Empower® loan origination system (LOS) to include comprehensive eClosing capabilities by integrating Wolters Kluwer’s eOriginal® ClosingCenter and eOriginal eAsset® Management Platform. The enhanced integration provides a fully digital mortgage closing experience, supporting every eClosing scenario from hybrid and in-person electronic notarization (IPEN) to complete remote online notarization (RON), and streamlines the process from pre-closing through secondary market delivery.

Image caption: Dark Matter Technologies enhances its Empower LOS with full-scale eClosing capabilities.

With the integration of eOriginal ClosingCenter, the Empower LOS users can manage secure document review and eSignature execution in a centralized eClosing room. Borrowers benefit from the ability to review and sign documents ahead of time, while lenders and settlement agents can coordinate closings more efficiently, whether executed remotely or in person. The solution includes access to a built-in eNotary Hub that connects users to top RON and IPEN providers such as Proof, NotaryCam and EscrowTab, giving settlement agents and title partners the flexibility to use their preferred platform.

The eOriginal eAsset Management Platform enables Empower LOS users to seamlessly create, execute, register, and manage eNotes through the MERS® eRegistry. It securely stores all executed documents in its eVault, ensuring legal compliance, secondary market readiness, faster loan funding, enhanced data security and improved auditability.

“This is about giving lenders a true digital edge,” said Sean Dugan, CEO of Dark Matter Technologies. “Empower’s new eClosing integration makes it possible for lenders to reduce closing times, streamline operations and enhance the borrower experience, all while ensuring compliance and accelerating the delivery of digital assets to the secondary market.”

This combination of solutions, paired with Empower LOS’s longstanding integration with the Wolters Kluwer Expere platform for dynamic, compliant document generation, provides users with a modern, scalable eClosing solution that reduces cost, risk and operational friction across the mortgage lifecycle. Lenders, borrowers and settlement agents can now rely on a unified platform to deliver faster, more flexible, future-ready closings.

“We’re thrilled to deepen our collaboration with Dark Matter by integrating Wolters Kluwer’s eClosing capabilities into the Empower loan origination system,” said Shreya Shankar, Vice President, Partnerships, Wolters Kluwer Financial & Corporate Compliance. “Together, we are advancing the financial services industry’s transition to a fully digital future and helping lenders elevate borrower satisfaction, drive revenue growth, streamline operations, and unlock new opportunities in the secondary market.”

About Dark Matter Technologies:

About Wolters Kluwer:

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For information about Wolters Kluwer Financial & Corporate Compliance, visit www.wolterskluwer.com/en/about-us/organization/financial-and-corporate-compliance, and follow the division on LinkedIn.

X: @dmattertech #fintech #mortgage

NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-enhances-its-empower-los-with-full-scale-eclosing-capabilities/

Dark Matter Technologies integrates Polly’s advanced PPE engine into its Empower LOS platform

Integration with Polly expands lender choice, while streamlining pricing and automating lock workflows within Empower's open ecosystem

JACKSONVILLE, Fla., Oct. 7, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the integration of the Empower® loan origination system (LOS) with Polly’s advanced product, pricing and eligibility (PPE) engine, expanding choice for banks, credit unions and mortgage lenders.

Image caption: Dark Matter Technologies integrates Polly’s advanced PPE engine into its Empower LOS platform.

The integration enables lenders to access Polly’s one-of-a-kind granular price optimization and automated lock functionality directly within the Empower LOS workflow, streamlining secondary marketing operations and enhancing efficiencies through flexible automation. By embedding Polly’s PPE engine, lenders no longer need to navigate outside of the Empower LOS to manage pricing and lock processes with Polly.

“We are proud to deliver additional options for our clients,” said Stephanie Durflinger, chief product officer at Dark Matter. “By integrating with Polly, we are extending choice to our lender community, delivering value and helping lenders grow while strengthening our open ecosystem.”

“At Dark Matter, we operate with integrity, communicate with clarity and transparency, and collaborate with our partners,” said Sean Dugan, CEO of Dark Matter. “This integration with Polly demonstrates that commitment. Together with our clients and partners, we are shaping technology that moves the industry forward with innovation and openness.”

“Optionality is key to foster growth and competitive advantage, and Dark Matter’s vision for an open, transparent ecosystem mirrors our own,” explained Adam Carmel, founder and chief executive officer of Polly. “This relationship allows even more lender clients to unlock the added automation, flexibility, precision and value delivered by Polly, all while working within the proven Empower LOS environment.”

The Polly integration will be available to Empower LOS clients starting mid-October 2025, ahead of the Mortgage Bankers Association’s Annual Convention and Expo. Lenders interested in the Polly integration should meet with a Dark Matter expert in Las Vegas at MBA Annual 2025.

About Polly:

Polly has pioneered the next generation of mortgage capital markets technology with its cutting-edge, data-driven platform. Its enterprise-grade solutions, including the industry’s only cloud-native, commercially scalable product, pricing and eligibility (PPE) engine and first-of-its-kind Polly/™ AI platform, empower the nation’s top banks, credit unions and mortgage lenders to increase profitability, automate workflows and revolutionize the loan officer and broker experiences. As a mortgage technology trailblazer, Polly is committed to driving meaningful value and ROI through best-in-class innovation that enables unlimited configurability, flexibility, granularity and scalability. Polly was founded by a seasoned team of mortgage capital markets and technology experts and is headquartered in San Francisco, California. To learn more, follow Polly on LinkedIn or visit www.polly.io.

About Dark Matter Technologies:

Twitter: @dmattertech @pollyex_inc #fintech #mortgage

Logo link for media: https://dmatter.com/wp-content/uploads/dark-matter-tech-logo.svg

NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-integrates-pollys-advanced-ppe-engine-into-its-empower-los-platform/

Dark Matter Technologies announces comprehensive eClosing integration for its NOVA LOS platform

Powered by Wolters Kluwer, eClose solution streamlines mortgage closings, supports cost savings and facilitates the compliant transfer and sale of digital loans

JACKSONVILLE, Fla., June 3, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, announced today that the NOVA loan origination system (LOS) platform now features a comprehensive integration to the eClosing capabilities powered by the Wolters Kluwer eOriginal ® ClosingCenter. Designed to improve the mortgage closing process, eClose will help lenders reduce time-to-close, realize cost savings and provide a better borrower experience while also enabling secondary market activities.

Image caption: Dark Matter Technologies.

The eClose functionality enables users to seamlessly execute the full spectrum of eClosing options: hybrid eClosings, In-Person Electronic Notarization (IPEN) closings and digital “Remote Online Notarization” (RON) closings. This allows lenders to evolve their eClosing strategy over time and provide borrowers with flexible closing options.

The eOriginal® ClosingCenter solution allows NOVA clients to securely eSign and create eNotes, then deposit loan documents into the eOriginal eAsset® Management system for secondary market activities. This allows for compliant transfer and sale of digital lending assets. eSigned documents in the eVault are legally compliant and maintain the highest level of legal enforceability throughout a digital loan’s lifecycle. This solution simplifies digital lending, reducing paperwork, ensuring compliance and speeding up loan cycles.

“With this capability, lenders can deliver an entirely new level of convenience and efficiency,” said Sean Dugan, the chief executive officer of Dark Matter Technologies. “This saves time and money for lenders while allowing them to engage in secondary market activities and gives homebuyers the convenience of faster closings at the time and place of their choosing.”

Dark Matter Technologies added the NOVA LOS to its product line-up in 2024 as part of a dual-product strategy alongside the Empower® LOS to provide innovative solutions and consultative services for credit unions, IMBs and small to midsize banks. The NOVA LOS provides a reliable, cost-effective solution with minimal administrative and supports retail, wholesale and correspondent lending as well as a wide range of mortgage products.

“By integrating flexible, modern eClosing options to NOVA LOS, Dark Matter is putting lenders on a fast track to a fully digital future,” said Shreya Shankar, the vice president of partnerships at Wolters Kluwer Financial & Corporate Compliance. “We are thrilled to collaborate with Dark Matter to help NOVA LOS users enhance borrower satisfaction, increase revenue, streamline operational efficiency and unlock the potential of the secondary market through seamless eClosings.”

About Dark Matter Technologies:

X: @dmattertech @NOVALOS @Wolters_Kluwer #fintech #mortgage

Logo link for media: https://dmatter.com/wp-content/uploads/dark-matter-tech-logo.svg

NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-announces-comprehensive-eclosing-integration-for-its-nova-los-platform/

Argyle launches new integration, bringing real-time income and employment verification to Byte LOS customers

New integration accelerates loan processing, enhances loan quality and embeds verification in the loan origination workflow

NEW YORK CITY, N.Y., May 20, 2025 (SEND2PRESS NEWSWIRE) — Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced a new integration with Byte Software’s loan origination system (LOS). The integration enables lenders to access Argyle’s real-time verification of income and employment (VOIE) services directly within the Byte platform, ensuring verification happens when and where it’s needed to improve loan quality and keep loans moving forward.

Image caption: Argyle launches new integration, bringing real-time income and employment verification to Byte LOS customers.

Accelerated loan processing: Argyle retrieves income and employment data, including supporting documents such as pay stubs and W-2s, directly from payroll providers and employers, automatically importing VOIE data into the loan file and reducing cycle times by 5–7 days per loan.
Improved loan quality: As an approved service provider for Freddie Mac’s Loan Product Advisor® (LPA℠) asset and income modeler and an authorized report supplier for Fannie Mae’s Desktop Underwriter® (DU®) validation service, Argyle gives Byte customers access to immediate GSE assessment of eligibility for representation and warranty relief.
Cost savings: Lenders using Argyle’s integration with Byte can realize up to 80% in verification cost savings over legacy providers, including the ability to re-verify income and employment at no additional cost.
Better borrower experience: Argyle improves borrower satisfaction by eliminating the need for manual document collection, removing friction from the user experience.

Argyle verifies income and employment through secure connections with the borrower’s employer or payroll provider. With real-time access to payroll data, Byte users can generate verification reports that reflect the most current income and employment data available throughout the loan process.

“Our integration with Byte gives lenders access to GSE-approved, consumer-permissioned income and employment data and documents at a significantly lower price point than legacy solutions,” said John Hardesty, vice president of Argyle’s mortgage division. “Income and employment verifications in the Byte loan origination system gives lenders an edge in a competitive market, ensuring loans move forward efficiently with accurate, up-to-date income and employment data.”

Mark Todd, Byte’s EVP of sales and client services, shared similar sentiments: “We are thrilled to partner with Argyle to bring real-time income and employment verification to our platform. This integration aligns with our commitment to providing our clients with innovative technology solutions that enhance the borrower experience and streamline the loan origination process.”

For more information about Argyle’s LOS integrations, visit https://argyle.com/use-cases/loan-origination-systems.

About Argyle:

Argyle is the leading provider of direct-source, consumer-permissioned income and employment verifications, making it fast and easy to gain secure and reliable access to the most complete real-time datasets stored in consumers’ payroll accounts. With Argyle, lenders automate verification workflows to save time, reduce fraud and compliance risks, lower costs, and build better product experiences. As an authorized report supplier for Fannie Mae’s Desktop Underwriter® validation service and an approved service provider supporting Freddie Mac’s Loan Product Advisor® asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers’ ability to pay and improve loan quality – all at 80% less cost. Argyle’s commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management. For more information on Argyle’s industry-leading VOIE platform, visit https://argyle.com/

Tags: @withArgyle #mortgage #lending

NEWS SOURCE: Argyle

This press release was issued on behalf of the news source (Argyle), 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/argyle-launches-new-integration-bringing-real-time-income-and-employment-verification-to-byte-los-customers/

Argyle debuts integration with Encompass Consumer Connect, upgrades existing integration with Encompass from ICE Mortgage Technology

Integrations work together to pre-populate the URLA while reducing lender costs, accelerating closings and removing borrower friction

NEW YORK CITY, N.Y., May 13, 2025 (SEND2PRESS NEWSWIRE) — Argyle, a service provider automating income and employment verifications for some of the largest lenders in the United States, today announced the debut of its integration with Encompass® Consumer Connect™, a digital mortgage point-of-sale solution from ICE Mortgage Technology®, part of Intercontinental Exchange (NYSE: ICE). In addition, Argyle announced the release of significant upgrades to its existing integration with ICE Mortgage Technology’s flagship Encompass® loan origination system. Both integrations are built on the Encompass Partner Connect™ platform, ICE’s latest API framework for third-party mortgage technology service connections.

Image caption: Argyle debuts integration with Encompass Consumer Connect.

NEW: Consumer Connect POS integration

With Consumer Connect, borrowers can complete mortgage applications on any device, accelerating the loan verification and approval process with an engaging and simple digital mortgage experience. By enabling lenders to embed award-winning verification of income and employment (VOIE) in the application when borrowers are most engaged, Argyle’s Consumer Connect integration streamlines the loan process from the very start. Key benefits include:

Higher borrower conversion and faster processing times
Embedding verification helps remove obstacles for lenders and borrowers, leading to higher application completion rates. By capturing income and employment data earlier in the loan process, lenders reduce bottlenecks that typically delay approvals, increasing the likelihood of moving the loan into processing.
Interoperability with Encompass LOS
Borrower income and employment data collected by Argyle in Consumer Connect automatically transfers to Encompass. This enables the origination team to access and refresh additional paystubs, W-2s and 1099s directly in Encompass whenever needed—thus streamlining the loan process from application submitted to funding.
Faster, More Accurate AUS Submission
In addition to W-2s, pay stubs and VOIE reports, Argyle’s raw income data elements automatically populate in the Uniform Residential Loan Application (URLA) to accelerate GSE rep and warrant (R&W) determination.

IMPROVED: Encompass LOS Integration
In addition to the new Consumer Connect integration, Argyle has rolled out major enhancements to its Encompass integration, including:

Streamlined order flow
A redesigned, single-page experience that clearly outlines the status of borrower accounts. Easily order, track and reverify—all from one convenient view.
Transparent order tracking for reports
Argyle clearly outlines the status of your verification requests, ensuring you have the necessary data to move the loan forward.
Simplified, automated re-verifications
If the verification is outside of your closing window, Argyle will issue a status update with instructions for re-engaging the borrower and will automatically generate and send the closing verification of employment (VOE) to the Encompass eFolder.
Better support for loan teams
Improved email notifications make it easier for team members assigned to the loan file to follow along the status of a verification.

“Embedding Argyle into Consumer Connect and enhancing our Encompass integration brings a new level of automation and borrower ease to customers of ICE Mortgage Technology,” said John Hardesty, Vice President of Mortgage at Argyle. “By placing verification at the start of the borrower journey and optimizing workflows throughout the loan process, lenders can improve efficiency, reduce processing times and deliver a better experience for both borrowers and origination teams.”

For more information, visit Argyle on the ICE Marketplace.

Encompass Partner Connect enables the integration of key third-party products and services with ICE mortgage technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.

About Argyle:

Founded in 2018, Argyle is the leading provider of real-time income and employment verifications. As an authorized report supplier for Fannie Mae’s Desktop Underwriter^® validation service and an approved service provider supporting Freddie Mac’s Loan Product Advisor^® asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers’ ability to pay and improve loan quality—all with 80% lower verification costs. Argyle’s commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management.

For more information on Argyle’s industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

Tags: @withArgyle @ICEMortgageTech #mortgage #lending #fintech

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NEWS SOURCE: Argyle

To view the original story, visit: https://www.send2press.com/wire/argyle-debuts-integration-with-encompass-consumer-connect-upgrades-existing-integration-with-encompass-from-ice-mortgage-technology/

Dark Matter launches Developer Portal, opening the Empower LOS to external innovation

New portal provides open APIs, code samples and tools to accelerate third-party development

JACKSONVILLE, Fla., April 24, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today unveiled a new Developer Portal during its second annual Horizon user conference.

Image caption: Dark Matter Technologies.

The Developer Portal marks a significant evolution for the Empower® loan origination system (LOS), moving from API access to a fully open API ecosystem. By providing external developers with self-service access to documentation, code samples and integration guides, the portal removes barriers to innovation and enables clients and partners to build on Empower with greater speed and independence.

“By making our APIs and developer resources more accessible, we’re unlocking new possibilities for our clients and partners to solve their unique business challenges, differentiate their offerings and move more quickly from concept to implementation,” said Sean Dugan, CEO of Dark Matter.

Designed with the developer experience in mind, the portal delivers a modern, frictionless interface that helps users get up and running fast. It supports a wide range of development use cases, from integrating customer relationship management systems to building custom workflows, allowing organizations to extend the Empower platform in ways that align with their business strategies.

“While Dark Matter has long offered APIs, this launch represents a major leap forward in how we support developers,” said Vikas Rao, deputy chief product officer at Dark Matter. “We’ve intentionally designed this portal to give developers everything they need to be productive, from clean documentation to practical code samples, so that they can build innovative tools on Empower with minimal friction.”

The Developer Portal is available now to all Empower LOS customers at no additional cost. Clients can access the portal by contacting their account manager for support.

Dark Matter’s Horizon user conference is an invitation-only event April 23-25 and focused on exploring the “horizon” of mortgage technology.

About Dark Matter Technologies:

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

NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-launches-developer-portal-opening-the-empower-los-to-external-innovation/

Mortgage Machine Services Fully Integrates AI-Powered Pricing Engine into Proprietary LOS

ADDISON, Texas, Jan. 8, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Machine Services (Mortgage Machine), an industry leader in digital origination technology to residential mortgage lenders, announced that it now offers an artificial intelligence (AI)-powered pricing engine. The pricing engine ingests and updates pricing for a lender’s investors and aggregators automatically. With granular controls for administrators, including global and product-level pricing adjustments, real-time lock controls, and mark-to-market tracking against current market conditions, lenders can streamline secondary market processes.

Image caption: Mortgage Machine Services.

“Our clients are already delivering outstanding feedback,” said COO James Cassinelli. “One client told us that the pricing engine provides great benefits and increases efficiency by reducing the friction introduced by pairing a separate pricing engine with an LOS. Instead of updating pricing details between two different solutions, loan officers can do it all in one.”

Using the pricing engine, loan officers can compare rates and see principal and interest breakdowns without switching screens or performing manual calculations. The pricing engine’s Best X feature allows users to efficiently identify the most competitive rates for their borrowers.

“We see the pricing engine as a necessity, rather than the bow on top,” said Cassinelli. “We have fully integrated the engine with Mortgage Machine’s loan origination system at no extra cost to our LOS users.”

To learn more about Mortgage Machine, visit https://www.mmachine.net/who/.

About Mortgage Machine™ Services, Inc.

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs and risks while improving data quality and borrower satisfaction. Visit https://www.mmachine.net/ to learn more.

NEWS SOURCE: Mortgage Machine Services Inc.

This press release was issued on behalf of the news source (Mortgage Machine Services Inc.), 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/mortgage-machine-services-fully-integrates-ai-powered-pricing-engine-into-proprietary-los/

Mortgage Machine awarded SOC 2 Compliance Status – AICPA-guided examination shows LOS operates as promised

ADDISON, Texas, Nov. 14, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Machine™ (MMS), the loan origination system of record for digital mortgage pioneer Click n’ Close (formerly known as Mid America Mortgage), has achieved SOC 2® compliance. Independent auditor Sensiba LLP (Sensiba) announced MMS’s successful completion of its System and Organization Controls (SOC) 2 Type II audit in early November.

Image caption: Mortgage Machine.

Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 information security audit provides a report on the examination of controls relevant to the trust services criteria categories covering security, availability, processing integrity, confidentiality, and privacy.

“Achieving SOC 2 Type II compliance is a significant milestone for Mortgage Machine,” said James Cassinelli, Chief Operating Officer of Mortgage Machine Services. “This certification underscores our commitment to providing top-tier security and peace of mind to our clients. It validates the policies and procedures that we have in place and reinforces the reliable service we offer to our customers.”

As noted by Sensiba, a SOC 2 Type II report describes a service organization’s systems and determines whether the design of specified controls meets the relevant trust service categories. Sensiba reviewed MMS’ system from August 22, 2023, to August 21, 2024.

“MMS’s SOC 2 Type II report did not have any noted exceptions and was therefore issued with a ‘clean’ audit opinion,” according to a public statement issued by Sensiba.

Sensiba’s audit of MMS focused on security, availability, and confidentiality. This means the audit measured how well MMS kept consumers’ information private and how consistently it informed clients of the collection, retention, and disposal of their data.

A SOC 2 report is generally deemed valid for 12 months from the date of its issue. Though there is no expiration date for the report, interested parties may reasonably reject findings that are more than a year old.

ABOUT MORTGAGE MACHINE:

Mortgage Machine™ uses intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs, and risks while improving data quality and borrower satisfaction. The company is based in Addison, Texas.

ABOUT SENSIBA:

Sensiba LLP, a top-100 U.S. accounting, consulting, and professional services firm, serves a variety of companies, from start-ups to Fortune 50 pillars.

ABOUT SOC 2:

A SOC 2® examination is a report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 reports are intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at a service organization relevant to security, availability, and processing integrity of the systems the service organization uses to process users’ data and the confidentiality and privacy of the information processed by these systems.

NEWS SOURCE: Mortgage Machine Services Inc.

To view the original story, visit: https://www.send2press.com/wire/mortgage-machine-awarded-soc-2-compliance-status-aicpa-guided-examination-shows-los-operates-as-promised/

Dark Matter Technologies brings the NOVA LOS under its banner to serve a broader range of mortgage lenders

Strategic alignment brings two LOS platforms under the Dark Matter brand, creating a powerhouse of innovative mortgage solutions

JACKSONVILLE, Fla., Sept. 23, 2024 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the addition of the NOVA loan origination system (LOS) to its product lineup. Bringing the NOVA LOS under its banner alongside the Empower® LOS enables Dark Matter to offer two distinct LOS solutions and cater to a more diverse range of lender business models.

Image caption: Dark Matter Technologies.

Adopting a dual-product strategy underscores Dark Matter’s commitment to providing innovative solutions and consultative services for lenders of all sizes. The Empower LOS is designed for lenders looking to scale by offering extensive exception-based workflows, comprehensive automation and the flexibility to adapt to complex operational models. The NOVA LOS provides a reliable, cost-effective solution with minimal administrative overhead that is ideal for smaller lenders.

The NOVA LOS was acquired by the Perseus Operating Group (Perseus) of Constellation Software Inc in 2019. Dark Matter was formed under Perseus in 2023 following the company’s acquisition of the Empower LOS and AIVA® AI Virtual Assistant solutions. Aligning the NOVA LOS under the Dark Matter brand brings the extensive expertise and innovative power of these solutions under joint leadership while better supporting the growth of each LOS platform.

“With the alignment of the Empower LOS and the NOVA LOS under the Dark Matter brand, we’re creating a powerhouse in loan origination technology,” said Sean Dugan, chief revenue officer at Dark Matter. “Andromeda, a division of the Perseus Operating Group of CSI, has strategically acquired two platforms that each serve distinct segments of the market, and by organizing both platforms under Dark Matter leadership, we can leverage over three decades of experience to partner with lenders choosing the product best suited to navigating their unique needs and challenges.”

“The addition of the NOVA LOS further cements our commitment to delivering flexible and innovative solutions,” said Frank Poiesz, president of Constellation Mortgage Solutions. “By aligning with the Empower LOS, we are providing an ecosystem of solutions that support lenders at any stage of growth, backed by the extensive resources of Dark Matter.”

With their deep reservoir of industry knowledge, Dark Matter’s consultative partners are equipped to help lenders advance their business goals by making informed technology selections. Through seamless implementations, dedicated account management and initiatives like its Client Advisory Board and Horizon user conference, Dark Matter is an innovative, nimble partner throughout the entire lending process—from onboarding to scaling and adapting to market changes.

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 www.dmatter.com.

Tags: @dmattertech #fintech #mortgage

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NEWS SOURCE: Dark Matter Technologies

To view the original story, visit: https://www.send2press.com/wire/dark-matter-technologies-brings-the-nova-los-under-its-banner-to-serve-a-broader-range-of-mortgage-lenders/

Vice Capital Markets Integrates with Digital-First LOS Mortgage Machine

NOVI, Mich. /ScoopCloud/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has completed its integration with Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders' operational velocity and support an end-to-end digital origination process.

"We are pleased to announce our integration with Mortgage Machine. This integration not only streamlines our operations but also empowers our clients with unparalleled real-time insights and control over their mortgage pipelines," said Vice Capital Markets President Troy Baars. "By incorporating Mortgage Machine's sophisticated loan origination capabilities, we are enhancing our ability to respond dynamically to market conditions and optimize our strategic advisory services."

This collaboration, enhanced by Vice's advanced filters and methodologies, gives traders real-time access to mutual clients' pipelines, enabling them to precisely monitor and quantify pipeline changes throughout the day and execute optimal hedge adjustments. Additionally, the integration seamlessly connects with Vice Capital Markets' HedgePro™ trading platform, facilitating the efficient exchange of bulk tapes for best execution analysis and decision-making.

"Our collaboration with Vice Capital Markets reflects our commitment to driving innovation in the mortgage industry," said Jeff Bode, CEO at Mortgage Machine Services. "By integrating our all-in-one LOS with Vice's sophisticated trading tools, we are providing lenders with a powerful solution that streamlines operations, reduces risk, and ultimately improves their ability to compete in a fast-paced market."

Mortgage Machine simplifies complex mortgage processes with AI-powered automation, scalable cloud infrastructure, and flexible APIs, offering tailored workflows for retail, wholesale, and correspondent lending. Its seamless document management and point-of-sale functions give loan officers full control over the entire loan lifecycle, enhancing efficiency, reducing costs, and improving the borrower experience. For mutual client Legend Lending, Vice Capital Markets' integration with Mortgage Machine has resulted in a significant reduction in loan cycle times and enhanced precision in pipeline management, empowering them to deliver a superior borrower experience.

"This integration has been a game-changer for us," said Nich Hughes, CEO of Legend Lending. "The combined capabilities of Vice Capital Markets and Mortgage Machine provide us with a robust platform that not only streamlines our operations but also enhances our ability to manage risk and maximize profitability. We're seeing tangible benefits in terms of efficiency and accuracy, and we're excited about the future possibilities this collaboration opens up for us."

About Mortgage Machine™ Services, Inc.

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs and risks while improving data quality and borrower satisfaction. Visit http://www.mmachine.net/ to learn more.

About Vice Capital Markets

Since 2001, Vice Capital Markets has expertly navigated interest rate risk and driven profitability on over $1 trillion in MBS trades and mortgage-related transactions for a diverse range of financial institutions. Utilizing proprietary risk-management models and an advanced investor and agency platform, Vice Capital has enabled clients to enhance their secondary market strategies and achieve optimal sales gains. With traders averaging over a decade of experience, Vice Capital brings the expertise necessary to tackle market challenges and consistently deliver secure and effective profit growth for its clients. For further information, visit www.vicecapitalmarkets.com or call (248) 869-8100.

Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has completed its integration with Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders' operational velocity and support an end-to-end digital origination process.

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

Mortgage Machine Services Enhances AI-Powered Document Management System to Accelerate Loan Processing Speed

ADDISON, Texas /ScoopCloud/ -- Mortgage Machine Services, an industry leader in digital origination technology to residential mortgage lenders, announced the launch of Auto Split, an enhancement to the Click n' File document management system embedded into the Mortgage Machine™ loan origination system (LOS). Specifically designed to extract and store loan documents, Auto Split enables lending staff to improve loan processing efficiency, enabling mortgage lenders to optimize speed to close.

"With the introduction of Auto Split, we're taking a significant step forward in streamlining loan processing for our clients," said Mortgage Machine CEO Jeff Bode, Founder and CEO of Mortgage Machine Services. "This enhancement reflects our commitment to innovation, ensuring that mortgage lenders can operate with greater efficiency and precision. By automating document management within the Mortgage Machine LOS, we're empowering our clients to reduce processing times and improve overall productivity, ultimately helping them achieve faster closings."

Using artificial intelligence (AI), Auto Split seamlessly dissects large PDF loan files uploaded to Mortgage Machine into their individual components, automatically classifying each extracted document. From there, Click n' File identifies, categorizes and indexes the information from these documents to sort them into the appropriate folders.

"Our goal with Auto Split is to empower lenders by reducing the time and effort required for document management," said Dan McGrew, director of sales at Mortgage Machine. "By leveraging AI to automate the extraction, classification, and organization of loan documents, we're providing our clients with a powerful tool that enhances operational efficiency and ensures accuracy throughout the loan processing workflow."

In addition to incorporating the latest AI and document management, Mortgage Machine offers all-in-one eClosing functionality, including an eClose room, eNotes, eVault and remote online notarization (RON). The platform also includes SMART Doc(r) data and security standards from the Mortgage Industry Standards Maintenance Organization (MISMO), enabling lenders to utilize this electronic document format throughout the entire lending process and even into loan servicing.

To learn more about Mortgage Machine, visit http://www.mmachine.net/.

About Mortgage Machine™ Services, Inc.

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs and risks while improving data quality and borrower satisfaction. Visit http://www.mmachine.net/ to learn more.

Mortgage Machine Services, an industry leader in digital origination technology to residential mortgage lenders, announced the launch of Auto Split, an enhancement to the Click n' File document management system embedded into the Mortgage Machine™ loan origination system (LOS).

Related link: https://www.mmachine.net/

American Pacific Mortgage Picks Fee Chaser by LenderLogix to Collect Upfront Borrower Fees

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, recently announced the addition of American Pacific Mortgage to its roster of clients utilizing Fee Chaser. Employing Fee Chaser enables American Pacific Mortgage to efficiently and compliantly collect initial mortgage-related fees from borrowers.

The seamless integration of Fee Chaser with American Pacific Mortgage's loan origination software (LOS) allows its loan officers and support personnel to effortlessly send a unique payment link to borrowers with a single click. Following the completion of payment through the provided link, Fee Chaser promptly issues a receipt to all involved parties and updates the loan documentation within the LOS. The process from sending the payment link to receipt of payment typically spans five minutes.

"Eliminating manual processes and enhancing borrower retention are two of our top priorities in the current market, and Fee Chaser helps us tackle both," said Ned Payant, CEO at American Pacific Mortgage. "Fee Chaser's automated process puts time back in our loan officers' day and promotes cost savings to our business. It's helped us not only enhance the borrower experience but streamline our daily operations. It's brought hefty results to our business just from a singular click in our LOS."

"Given the competitive nature in today's market, wherever lenders can automate the mortgage process can be the difference between unnecessary cost and borrower retention," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "Fee Chaser not only helps reduce manual processes but also improves the borrower experience by providing a secure, digital portal for capturing sensitive payment information."

About LenderLogix

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

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of American Pacific Mortgage to its roster of clients utilizing Fee Chaser. Employing Fee Chaser enables American Pacific Mortgage to efficiently and compliantly collect initial mortgage-related fees from borrowers.

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

Dark Matter Technologies enhances the Empower LOS with native support for mortgage assumptions

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced enhancements to the Loan Assumptions feature in the Empower® loan origination system (LOS) that make it easier for mortgage lenders and servicers to transfer assumable mortgages to new homebuyers. The Empower LOS is the first mortgage loan origination system to announce native support for loan assumptions, a feat made possible by the system's flexibility and robust mortgage servicing platform integrations.

An assumable mortgage is a type of home loan that allows the transfer of the original borrower's loan - including the remaining balance, repayment schedule and interest rate - to a new homeowner. Although conventional loans are seldom assumable, loans from the Federal Housing Authority (FHA), Veterans Affairs (VA), and U.S. Department of Agriculture (USDA) - products that account for more than one in five active loans today - can be assumed if certain conditions are met.

Typically, buyers must qualify under the loan's criteria, and sellers need to obtain approval from their loan servicer. The Empower LOS supports the process whether initiated by the seller's mortgage servicer or the buyer's mortgage originator and can even work with financial institutions that use a different LOS provider for first-lien origination.

Mortgage assumptions are gaining popularity in today's purchase mortgage market, where buyers often face interest rates that are higher than the seller's existing rate. The FHA recently announced it will adjust the maximum fee mortgagees may charge to process these loans from $900 to $1,800. Scheduled to go into effect on August 19, the change was made to support increased consumer demand by compensating mortgagees "at a rate that is appropriate for today's market."

"After successfully piloting our loan assumption capability with a select group of early adopters, we're incredibly pleased with the progress, success and the general availability of this important feature that consumers and real estate agents are increasingly asking for by name," said Dark Matter CEO Rich Gagliano. "By partnering with Dark Matter, mortgage originators and servicers can transfer assumable mortgages for home buyers and sellers in a manner that is compliant and efficient."

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 #mortgagelending #mortgagetechnology

Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced enhancements to the Loan Assumptions feature in the Empower® loan origination system (LOS) that make it easier for mortgage lenders and servicers to transfer assumable mortgages to new homebuyers. The Empower LOS is the first mortgage loan origination system to announce native support for loan assumptions.

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

Truity Credit Union inks deal to implement the Empower LOS from Dark Matter Technologies

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 welcomed Truity Credit Union (Truity) as the latest financial institution to select the Empower® loan origination system. A member-owned credit union with locations in Oklahoma, Kansas and Texas, Truity will leverage the Empower LOS to provide loan officers and members a modern, mobile-friendly experience across home purchase, refi, home-equity and construction loan originations.

According to Joe Beffer, Truity's senior vice president and director of lending, the credit union chose Dark Matter for its mobile-friendly Borrower Portal℠ and for features that will help its internal team work more efficiently, including out-of-the-box product and pricing integrations, exception-based automation and AI virtual assistants. Truity will also leverage the joint-venture feature of the Empower LOS to support the mortgage needs of several smaller credit unions in the region, allowing them to enjoy the benefits of a modern origination system while still offering individualized branding, products and pricing.

"With Dark Matter, Truity will be able to provide our community a superior mortgage experience from start to finish, including the ability to apply for a loan, upload documents and message their loan officer from their mobile phone," said Beffer. "We're excited about improving our internal team's efficiency. The Empower LOS and its automations will allow Truity to operate like a much larger institution and will scale with us as we plan for future growth."

"At Dark Matter Technologies, we're focused on providing innovative solutions that meet the origination needs of financial institutions and the communities they serve now and in the future," said Dark Matter CEO Rich Gagliano. "Our new relationship with Truity Credit Union exemplifies this commitment. We're proud to bring an exceptional mortgage experience to Truity members and loan officers."

Federally chartered to lend in 49 states, Truity offers a range of purchase, refi and home-equity products as well as construction loans and relocation assistance for employees of ConocoPhillips, Phillips 66, Chevron Phillips Chemical Company and Tyson. Truity was recently designated the official credit union of the University of Kansas Alumni Association, an organization that shares its historical ties to Phillips 66.

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://dmatter.com/.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today welcomed Truity Credit Union (Truity) as the latest financial institution to select the Empower® loan origination system. A member-owned credit union with locations in Oklahoma, Kansas and Texas, Truity will leverage the Empower LOS to provide loan officers and members a modern, mobile-friendly experience.

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

OneTrust Home Loans Selects LenderLogix’s Fee Chaser to Eliminate Manual Processes

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced OneTrust Home Loans as its newest Fee Chaser client. Using Fee Chaser, OneTrust Home Loans can streamline its operations and compliantly collect upfront fees from its borrowers.

Fee Chaser's direct integration with OneTrust Home Loans' loan origination system (LOS) enables loan officers and other support staff to send a unique payment link to the borrower with one click. Once borrowers pay using the link, Fee Chaser delivers a receipt to all parties and automatically updates the loan file within the LOS. The average turn time between sending the link and receiving payment is five minutes.

"Providing a seamless borrower experience and giving our loan officers the tools they need to be successful is more important than ever in today's market. Fee Chaser turns the manual process of collecting payment information into a quick and efficient process for all parties," said James Hecht, CEO of OneTrust Home Loans. "We're thrilled to partner with such an innovative company as LenderLogix and look forward to the continual benefits its technology delivers."

"It's amazing how simple changes can make a tremendous difference," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "By shifting payment for underwriting- and processing-related fees earlier in the transaction, lenders like OneTrust can save thousands of dollars while also improving borrower 'stickiness.' Solving problems like these is exactly what the LenderLogix product suite is designed to do."

About LenderLogix:

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

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced OneTrust Home Loans as its newest Fee Chaser client. Using Fee Chaser, OneTrust Home Loans can streamline its operations and compliantly collect upfront fees from its borrowers.

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

Dark Matter Technologies appoints former Ellie Mae executive as deputy chief product officer

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter) today announced the appointment of Vikas Rao as deputy chief product officer. Reporting directly to Chief Product Officer Stephanie Durflinger, Rao is charged with overseeing enhancements to the Empower® loan origination system (LOS) and establishing Dark Matter's developer community, which will help lenders embed automation deeper in their origination workflows and more tightly integrate their systems using open application programming interfaces (APIs) and widgets.

Rao previously served as vice president of product management for mortgage origination technology provider Ellie Mae®. There, Rao pushed the "next generation" of mortgage technology, leading product strategy for the Encompass® loan origination platform and for Ellie Mae's Developer Connect solution, a suite of APIs that enabled lenders and partners to securely share information. Though Rao took a career break following the $11 billion acquisition of Ellie Mae by Intercontinental Exchange (NYSE: ICE) in 2020, he ultimately found the opportunity to help guide Dark Matter's tech transformation too compelling to pass up.

"Dark Matter's pioneering advancements in automation and AI are reshaping the mortgage landscape," Rao said. "I'm eager to apply my expertise to propel Dark Matter's mission forward, pushing the boundaries of what's possible in mortgage origination and amplifying our impact on the homebuying experience of lenders and consumers alike."

"Vikas has an impressive track record of success in driving digital innovation and API utilization in mortgage origination," said Dark Matter CEO Rich Gagliano. "With his technical chops and effective leadership style, Vika will play a pivotal role in our mission to empower lenders through AI, automation and innovation."

Rao has over 15 years of experience in software engineering, product management and technology leadership spanning public and private companies within the mortgage industry and in Silicon Valley's startup scene. He holds undergraduate and graduate degrees in computer science and is a 2017 graduate of Stanford University's Stanford Ignite executive education program.

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) today announced the appointment of Vikas Rao as deputy chief product officer. Reporting directly to Chief Product Officer Stephanie Durflinger, Rao is charged with overseeing enhancements to the Empower® loan origination system (LOS) and establishing Dark Matter's developer community, which will help lenders embed automation deeper in their origination workflows and more tightly integrate their systems using open application programming interfaces (APIs) and widgets.

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

Monterra Credit Union elevates the member experience with the Empower LOS from Dark Matter Technologies

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 that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

One of California's top 50 credit union lenders by mortgage loan volume, Monterra CU attributed its selection of the Empower LOS to the origination system's self-service configurability, its robust integrations with best-in-class product and pricing engines (PPE) and customer relationship management (CRM) platforms, and its support for the digital closings Monterra CU members increasingly prefer. In addition, the credit union expects to be able to close loans more quickly and process more loans per full-time employee with the help of the "lights-out" task automation that is native to the Empower LOS.

"Through the integration of the Empower LOS, Monterra Credit Union is enhancing the mortgage experience for our members, increasing efficiency and priming ourselves for future growth," stated Wade Painter, president and CEO of Monterra Credit Union. "Our team eagerly anticipates the array of new features and process improvements this partnership brings, underscoring the strong rapport we've cultivated with the Dark Matter team. We're confident that Dark Matter is the right partner for us."

"It was clear from the outset that the mortgage team at Monterra Credit Union is serious about two things: elevating its members' mortgage experience and future-proofing its business," said Dark Matter CEO Rich Gagliano. "With the Empower LOS, Monterra CU gains access to comprehensive automation and customization capabilities that align perfectly with this commitment to member-centricity and sustainable growth. We are honored to have earned Monterra's business and look forward to a long and fruitful collaboration."

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 that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

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

Dark Matter and Total Expert partner to boost lender revenue through best-in-class mortgage automation and customer engagement

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter) today announced a new strategic partnership with Total Expert, the customer engagement platform purpose-built for modern financial institutions. A forthcoming bi-directional integration between Total Expert and the Empower® loan origination system (LOS) from Dark Matter will empower mortgage lenders to generate more leads, improve sales productivity and close more loans by intelligently automating and personalizing the homebuyer journey.

"This highly anticipated collaboration will allow mortgage lenders to harness the combined efficiency of Total Expert and the Empower LOS, both linchpins of the mortgage tech stack and category leaders in intelligent automation, for the first time," said Dark Matter CEO Rich Gagliano. "We expect this integration to deliver huge business value for mortgage lenders at a time when greater efficiency and a straight-line path to revenue growth are paramount."

Total Expert's all-in-one customer engagement platform is trusted by over 200 financial enterprises. Its comprehensive suite integrates data, marketing, sales and compliance solutions to optimize the perfect customer journey through every financial milestone. By translating customer insights into actionable strategies, Total Expert cultivates loyalty and drives growth for modern banks, lenders, credit unions and insurance firms. Customers of Total Expert experience a 20 percent revenue increase in their first year and experience loan retention rates over 60 percent, more than triple the mortgage industry standard of 18 percent.

"Lenders who chose the Empower LOS for its ability to optimize the origination process through automation are going to love modernizing their customer engagement with Total Expert," said Total Expert Founder and CEO Joe Welu. "We can't wait to help Dark Matter customers put their best foot forward in a competitive market and strengthen customer relationships for long-term success."

The all-in-one functionality of the Empower Loan Origination System (LOS) provides lenders with lights-out automation, unrivaled efficiency and exceptional borrower and user experiences for a new era of mortgage lending. For more information, visit https://dmatter.com/empower-los.

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 Total Expert:

Total Expert is the purpose-built customer engagement platform trusted by more than 200 financial services organizations. Total Expert unifies data, marketing, sales, and compliance solutions to deliver the perfect customer journey across every financial milestone-in any market. Total Expert turns customer insights into actions that increase loyalty and drive growth for modern banks, lenders, credit unions, and insurance companies. Total Expert is now available for purchase on the AWS Marketplace and Salesforce AppExchange. To learn more, visit www.totalexpert.com.

Dark Matter Technologies (Dark Matter) today announced a new strategic partnership with Total Expert, the customer engagement platform purpose-built for modern financial institutions. A forthcoming bi-directional integration between Total Expert and the Empower® loan origination system (LOS) from Dark Matter will empower mortgage lenders to generate more leads, improve sales productivity and close more loans by intelligently automating and personalizing the homebuyer journey.

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

Patelco Credit Union selects the Empower LOS to streamline and bolster home loan and home-equity origination

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 implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

Patelco is California's fourth-largest credit union mortgage lender by number of loans closed annually. The credit union's 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs). According to VP of Lending Vince Salinas, Patelco selected the Empower LOS and its point-of-sale (POS) portals for loan officers and borrowers for the bundled solution's ability to make the loan process up to 20% more efficient for the credit union's members and mortgage team.

"We are constantly evolving to provide the best tools to our team while creating a more streamlined member experience," said Salinas. "We selected the Empower LOS because we see Dark Matter as a partner that will grow with Patelco and allow us to work and serve our members more efficiently as we advance our digital roadmap, ultimately creating a better home buying experience while keeping our mortgage costs low and passing that value on to members."

"Patelco Credit Union has invested significant resources in understanding what its members truly expect from their home buying journey," said Dark Matter CEO Rich Gagliano. "We are proud to help Patelco meet its members' high expectations with a modern mortgage experience enriched by task-based automation and robust integrations that cut unnecessary time and cost out of the process."

The credit union was founded 87 years ago by a few employees at Pacific Telephone and Telegraph Company (now AT&T) with a dream to create a credit union dedicated to helping its members and communities prosper. Today, Patelco serves more than 500,000 members primarily in and around northern California, including employees of over 1,100 large and small businesses throughout the United States.

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 implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

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

New workflow in the Empower LOS makes it easier for mortgage lenders to consider rent payments when qualifying first-time homebuyers

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 availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Developed in partnership with Informative Research utilizing the positive rent payment history enhancement in Fannie Mae's Desktop Underwriter® (DU®), the workflow in the Empower LOS is configured to allow lenders to improve pull-through for borrowers who have a history of consecutive rent payments.

Fannie Mae's positive rent payment history enhancement was introduced with the goal of promoting equitable and sustainable homeownership among renters with limited credit histories. By leveraging 12-month asset verification reports furnished by authorized providers such as Informative Research's AccountChek®, and by using an integrated LOS such as Empower, lenders can harness Fannie Mae's DU automated underwriting system can take into account positive rent payment data when assessing the creditworthiness of certain first-time homebuyers. According to Fannie Mae, as of Q4 2023, 5,600 mortgage applications have benefitted from the borrower's positive rent payment history by being deemed approve-eligible. Forty-one percent of the applicants who benefitted identified as Black or Latino/Hispanic.

"Using positive rent payment history in credit evaluations is one of several ways Fannie Mae is improving access to affordable homeownership that supports our commitment to our mission and strong credit underwriting standards," said Peter Skarnulis, Fannie Mae Vice President of Single-Family Digital Management Solutions. "This new workflow makes it more practical for lenders to take advantage of this feature, which can help more first-time homebuyers qualify for a home loan."

The Empower LOS makes it easy for lenders to consider a borrower's positive rent payment history early in the loan process using business friendly configurations rather than code. Here's how it works behind the scenes:

* When a loan application is submitted to DU through Borrower Digital (or another front-end application integrated with the Empower LOS) and does not initially receive an approve-eligible recommendation, DU will determine whether rent payment data could provide a more favorable recommendation.

* If the DU findings recommend evaluating the applicant's rent payment history, the automated engine within the Empower system will suggest obtaining a 12-month asset verification report through AccountChek. The Empower LOS will play the role of the conductor, ensuring the consumer-permissioned asset data gathered from AccountChek is routed for resubmission to DU at exactly the right point in the process as identified by the originator.

* By automating an additional opportunity for borrowers to receive loan approval and move forward, Dark Matter and Informative Research are contributing to Fannie Mae's ongoing efforts to help more renters realize their dream of homeownership.

"This is a prime use case of how business process automation can create value not only for lenders but for borrowers as well," said Rich Gagliano, CEO of Dark Matter Technologies. "Our task-based orchestration engine allows lenders to improve pull-through for borrowers with nontraditional credit references without burdening loan officers or processors."

"Enhancements to lender workflow that make innovative and equitable solutions practicable are a huge step toward making meaningful change," said Informative Research SVP of Marketing and Product Craig Leabig. "Our goal is to blend technology with business process and verification products to improve outcomes."

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://dmatter.com.

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 their straightforward service model, progressive solutions and cutting-edge technology. To learn more visit https://www.informativeresearch.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 availability of a new, automated workflow in the Empower® loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

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

Argyle partners with Dark Matter to bring seamless direct-source income and employment verifications to Empower LOS customers

NEW YORK CITY, N.Y. /ScoopCloud/ -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, announced today its integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower® loan origination system (LOS) from Dark Matter Technologies. This collaboration simplifies the income and employment verification process for lenders, further amplifying the cost and time-saving benefits of digital borrower verification.

The native integration makes it easy for lenders to order Argyle's verification of income (VOI) and verification of employment (VOE) reports through the Empower LOS. Lenders have the flexibility to configure where VOI and VOE report ordering occurs in the loan origination workflow to support their manufacturing process and desired borrower experience. When borrowers connect through Argyle, direct-source data, reports and associated documentation are made available in Empower and refreshed throughout the loan cycle.

In October, Argyle announced its status as an authorized income and employment report supplier for Fannie Mae's Desktop Underwriter® (DU®) validation service. The Empower system's integrations with both Argyle and DU enable lenders to benefit from greater purchase certainty on expedited timelines.

"We are extremely excited to bring Argyle's enhanced verification of income and employment capabilities to the Empower system. Together, we've built an ideal integration that vastly improves the home financing process," said Shmulik Fishman, CEO of Argyle. "We are passionate about providing a best-case experience to as many customers and consumers as possible, and our partnership with Dark Matter Technologies does just that."

"As a customer of both Argyle and a current partner of Dark Matter Technologies, we know first-hand how this integration will improve our processes and service capabilities for our members," said John Harpst, VP of mortgage strategy at Lake Michigan Credit Union. "Argyle has proven a vitally important partner for us, and we look forward to increasing efficiency and data security through increased adoption of Argyle and its integration with the Empower LOS."

"We recognize the incredible effort lenders invest in perfecting the homebuying experience for borrowers and manufacturing loans efficiently, and we're here to support them every step of the way," said Rich Gagliano, CEO at Dark Matter Technologies. "Our native integration with Argyle underscores our commitment to supporting lenders in their choice of tools and processes. We aim to make the homebuying process a modern and enjoyable experience for everyone involved."

About Argyle:

Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their business. Argyle largely serves the mortgage, background checks, personal lending and banking industries as well as the gig economy.

Founded in 2018, Argyle has raised over $77.6 million in capital and is backed by top investors, including Bain Capital Ventures, Bedrock, Checkr, F-Prime and SignalFire. Argyle's coverage of the U.S. workforce includes 99% of the Fortune 1000, is superior to the three largest credit bureaus and delivers hit rates higher than other data providers. Argyle has been recognized by Fintech Nexus as an Emerging Fintech Innovator, Forbes as one of America's Best Startup Employers, Tearsheet as the Best Alternative Data Product and Fintech Futures as a 2023 Fintech Startup of the Year. Argyle is also an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service, a component of Day 1 Certainty®.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

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://dmatter.com/.

Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, announced today its integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower® loan origination system (LOS) from Dark Matter Technologies. This collaboration simplifies the income and employment verification process for lenders, further amplifying the cost and time-saving benefits of digital borrower verification.

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

Enhanced integration between the Empower LOS and DocMagic adds support for home equity, wholesale channels

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 significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

DocMagic, a leader in fully compliant loan document generation and comprehensive eMortgage services, debuted its native integration with the Empower system last year, making it seamless for retail mortgage lenders who use the Empower system to order initial and closing disclosures from DocMagic without having to build a custom connection. As a result of the latest enhancements to the integration, DocMagic services are now also available for wholesale and home equity originations in the Empower system.

"It's really significant when two best-in-class vendors like Dark Matter and DocMagic integrate their products so customers no longer have to build out custom integrations - now it's a true union," said Rich Gagliano, Dark Matter Technologies' chief executive officer. "We're taking that value and convenience even further by bringing it to multiple origination channels."

"We are thrilled to strengthen our collaboration with Dark Matter, offering top-tier documentation, compliance and eServices while also providing customers of the Empower system exceptional support backed by our award-winning customer service," said DocMagic President and CEO Dominic Iannitti. "We look forward to continuing to integrate our two services further, supplying our proprietary ClickSign®, eNotary and Total eClose™ capabilities."

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 DocMagic:

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

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced significant enhancements to the integration between the comprehensive Empower® loan origination system (LOS) and DocMagic's document generation solution.

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

Encompass Lending Group Adds LiteSpeed and QuickQual from LenderLogix to Its Digital Mortgage Tech Stack

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced that Encompass Lending Group, a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has selected its streamlined point-of-sale (POS) platform LiteSpeed and QuickQual, a loan origination system (LOS) add-on that allows prospective borrowers and real estate agents to run payment and closing costs scenarios. Together, these tools empower Encompass Lending Group's loan officers to deliver a digital-first borrower experience throughout the pre-approval and loan application process.

Leveraging LiteSpeed and QuickQual at the front end of its origination process ensures a smooth transition for Encompass Lending Group's borrowers from pre-qualification to application. With QuickQual and LiteSpeed, Encompass Lending Group's borrowers experience a consistent, modern, streamlined experience from the first point of contact through application to complement the high-touch service its loan officers provide.

"We understand every borrower is different. Our services are custom-tailored to every borrower, and we thought our technology should reflect that," said Encompass Lending Group's Paul Marsh, EVP of National Sales. "QuickQual and LiteSpeed enable us to deliver a highly engaging experience for our borrowers from the early stages of the relationship, which helps us increase our conversion rates and provides a tremendous boost to our sales team's efforts."

"Today's borrowers have more options than ever when selecting a lender. As a former lender, it's easy to get bogged down in the noise of technology 'solutions.' LiteSpeed and QuickQual solve the present-day challenges of loan officers without the bulk," said LenderLogix Co-Founder and CEO Patrick O'Brien. "Our products provide personalized, digital experiences for the borrower while saving a few more minutes per transaction in the loan officer's day. With the seamless integration between our products and the LOS, it's a win-win for everyone."

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/.

About Fathom Holdings Inc.:

Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit https://fathominc.com/.

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced that Encompass Lending Group, a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has selected its streamlined point-of-sale (POS) platform LiteSpeed and QuickQual, a loan origination system (LOS) add-on that allows prospective borrowers and real estate agents to run payment and closing costs scenarios.

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

CUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage and home equity products

JACKSONVILLE, Fla. /ScoopCloud/ -- CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model. Four of its owner credit unions will use Empower to originate mortgage loans.

"The shared services model is alive and well in the credit union space because it's a smart strategy for maximizing efficiency, cost savings and scalability - the very same benefits Dark Matter's Empower delivers for lenders of all kinds," said Dark Matter CEO Rich Gagliano. "We are proud to introduce expanded support for joint ventures that frees credit unions to offer customized member experiences while reaping all the benefits of the CUSO model. CUSO Home Lending is driving innovation as the first CUSO to implement this new feature set."

Headquartered in Hampden, Maine, CUSO Home Lending is a credit union service organization and licensed mortgage company owned by credit unions and the Maine Credit Union League. For 30 years, CUSO Home Lending has supported its owner credit unions and the communities they serve with cost-effective access to mortgage fulfillment services, loan servicing and origination technology.

"Technology has become a central focus of our business strategy because of the value it drives for our credit union owners and partners, and the superior mortgage experience it enables us to deliver to consumers," said CUSO Home Lending President and CEO Lori Michaud. "We evaluated a lot of potential origination technologies, and Dark Matter's Empower LOS stood out for its highly advanced automation, the knowledge of its staff and its ability to individualize our credit unions' sites with their own branding, products and pricing."

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://dmatter.com/

About CUSO Home Lending:

CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. We have been originating and servicing mortgages since 1993. Our mission is to provide consumer-credit union members as well as non-members-with a full menu of competitively priced residential mortgage products and services with extraordinary courtesy and exceptional service. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher income borrowers. For more information, visit https://www.cusohl.com/

CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower's newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO's shared services model.

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

Mortgage Machine Services taps Digital Mortgage Expert Dan McGrew to Lead Company’s Go-to-Market Strategy

ADDISON, Texas /ScoopCloud/ -- Mortgage Machine™ Services, an industry leader in digital origination technology to residential mortgage lenders, announced Dan McGrew has joined the company as Director of Sales. In this role, McGrew will be responsible for bringing the company's digital mortgage innovations to market, including the company's flagship loan origination system (LOS) Mortgage Machine.

"Dan's extensive industry expertise is rooted in mortgage IT services and technology, with a particular emphasis on digital mortgage strategy and implementation. As Mortgage Machine Services continues to pioneer technology for the mortgage industry, we knew we needed a seasoned and innovative thinker like Dan to help us deliver these innovations to the masses," said Mortgage Machine Services President and CEO Jeff Bode. "The recent launch of our namesake LOS is only the beginning, and we look forward to Dan's assistance in helping lenders harness the power of our current and future digital lending technology releases."

McGrew brings nearly three decades of experience to his role at Mortgage Machine. Throughout his extensive career, McGrew has worked closely with providers of LOS, document generation, eVault and eClosing platforms to ensure clients have the necessary tech stack to transition to digital successfully, including guiding clients on MERS eRegistry setup, meeting with all lender's counterparties, and equipping clients with the knowledge and foresight of transitioning from a traditional paper-based process to digital. Previously, McGrew was the Chief Operating Officer and Senior Vice President of Sales at Pavaso, a full-service eClosing platform. He also spent six years as the President of IT Services, a U.S.-based boutique SAP consulting firm.

"My entire career has specialized in 'eReadiness' and guiding mortgage lenders through the journey of paper to digital," said McGrew. "With its proven history in powering digital mortgage originations at scale, Mortgage Machine is the LOS lenders need to compete effectively in today's digital marketplace."

About Mortgage Machine™ Services, Inc.:

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs, and risks while improving data quality and borrower satisfaction. Visit http://www.mmachine.net/ to learn more.

Mortgage Machine™ Services, an industry leader in digital origination technology to residential mortgage lenders, announced Dan McGrew has joined the company as Director of Sales. In this role, McGrew will be responsible for bringing the company's digital mortgage innovations to market, including the company's flagship loan origination system (LOS) Mortgage Machine.

Related link: http://www.mmachine.net/

Mortgage Machine Services launches loan origination system built for the digital mortgage era

ADDISON, Texas /ScoopCloud/ -- Mortgage Machine Services, an industry leader in digital origination technology to residential mortgage lenders, announced the launch of its namesake platform Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders' operational velocity and support an end-to-end digital origination process.

Developed by digital mortgage pioneer and industry veteran Jeff Bode, Mortgage Machine aims to simplify complex mortgage processes and consolidate disjointed operations by leveraging workflow automation, compliance assurance and digital enhancements to create a seamless lending experience.

"The LOS is the operational linchpin for every mortgage business, but most LOS platforms on the market today were not designed to support a fully digital origination process," Bode said. "As a result, lenders often have to retrofit their existing LOS or work around its limitations to achieve their digital goals. Mortgage Machine was intentionally designed with a digital process in mind, giving lenders the ability to 'plug n' play' and move faster than ever, and has been battle tested inside a digital-first mortgage lender to ensure it can provide the necessary lift lenders need to make the move to eMortgages."

Mortgage Machine features AI-powered task automation, a scalable cloud-based infrastructure and flexible API capabilities. The platform also offers pre-configured workflows tailored for retail and wholesale loan processes, ensuring it works across retail, wholesale and correspondent lending channels. With seamless document management and point-of-sale functions, loan officers remain in control of the entire loan lifecycle to increase efficiency, reduce costs and enhance the borrower experience. The system also provides end-to-end support throughout the lending, underwriting, documentation and closing of a residential mortgage loan.

In addition to incorporating the latest AI and document management, Mortgage Machine offers all-in-one eClosing functionality, including an eClose room, eNotes, eVault and remote online notarization (RON). The platform also includes SMART Doc(r) data and security standards from the Mortgage Industry Standards Maintenance Organization (MISMO), enabling lenders to utilize this electronic document format throughout the entire lending process and even into loan servicing.

"SMART Docs are one of the most necessary - and overlooked - components to executing digital mortgage at scale," Bode added. "Utilizing this standard in Mortgage Machine not only provides lenders with a significant operational assist in getting started with digital mortgages, but it also ensures the security and integrity of the documents and data being processed by the system, thus adding an extra layer of confidence in moving to an entirely automated, electronic origination process."

To learn more about Mortgage Machine, visit http://www.mmachine.net/.

About Mortgage Machine Services, Inc.

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs and risks while improving data quality and borrower satisfaction.

Visit http://www.mmachine.net/ to learn more.

Mortgage Machine Services, an industry leader in digital origination technology to residential mortgage lenders, announced the launch of its namesake platform Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders' operational velocity and support an end-to-end digital origination process.

Related link: http://www.mmachine.net/

Northwest Bank Collects Fees within Minutes with LenderLogix FeeChaser

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

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

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

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

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

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

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

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

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

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

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

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

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

About LenderLogix:

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

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

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

TMC Emerging Technology Fund LP Invests in TRAiNED

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $1 million Simple Agreement for Future Equity (SAFE) funding round for TRAiNED, Inc.

TRAiNED was founded in December 2021 with a mission to reduce costs, increase efficiency and even out the boom-and-bust cycles in the mortgage industry. Its flagship product, Mortgage Origination Responsible Intelligence (MORI) is designed to be a self-service system for automating steps within the labor-intensive mortgage origination workflow. The system leverages artificial intelligence (AI) and machine learning (ML) data models in a secure environment to process documents and generate normalized and valid data for return to the lender's loan origination system (LOS).

MORI has recently completed alpha and beta testing and is already showing success providing clients with an average of 15 hours saved every week. TRAiNED is updating the AI and adding functionality to the MORI platform on a regular basis to provide even greater industry efficiencies. The company also offers the ability to augment staffing needs with data labeling and document indexing services.

"The limited partner's investment in TRAiNED is a testament to the need for our solution. The fact that my peers on the fund have also signed client relationship agreements is extremely helpful in TRAiNED's development. There are great things to come, and I am grateful for TMC's Tech Fund in taking this journey with me," said Jonathan Freed, CEO of TRAiNED, Inc.

TRAiNED is a partnership between enterprise-level AI company Inpleo, mid-sized independent mortgage lender Success Mortgage Partners and Freed, a former owner of a mid-sized independent mortgage lender and operating partner of TMC's Emerging Tech Fund. The three partners bring together technology and experience to move the mortgage and other paperwork-heavy industries toward adoption of meaningful, productive and cost-efficient automation.

"Success Mortgage Partners, Inc is thrilled to participate in this investment," said Owen Lee, CEO of Success Mortgage Partners, Inc and TMC Emerging Tech Fund Council Member. "What TRAiNED brings to the table is technology that saves time and conserves resources by automating 'back end' mortgage processes that are endlessly repetitive and traditionally executed by personnel. With TRAiNED, these tasks can now be automated with a superior rate of accuracy, saving mortgage lenders time and money on every single file, which compounds over time and number of files."

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC who evaluate and invest in companies looking to advance the mortgage industry. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members.

For more information, please reach out to info@tmctechfund.com To learn more about TRAiNED, visit gettrained.ai or reach out at info@gettrained.ai.

About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

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

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $1 million Simple Agreement for Future Equity (SAFE) funding round for TRAiNED, Inc.

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