Tag Archives: mortgage technology

Agile Launches MBS Pool Bidding

PHILADELPHIA, Pa. /ScoopCloud/ -- Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers on to a single electronic platform, today announced the launch of MBS pool bidding, enabling lenders and dealers to gain much-needed efficiencies and data through technology.

"Before this release, most clients conducted the spec pool bidding process via email and spreadsheets. Lenders send out pool details to their approved dealers and bids are sent back via email. This process is effective but not efficient," comments Phil Rasori, COO at Agile. "We're going to change that. Through Agile, lenders and dealers can exchange bids and conduct best execution analysis with access to robust loan-level data. And better data leads to sharper pricing."

As securitization rates increase, an increasing number of lenders may be exploring specified pools for the first time. Agile is launching MBS pool bidding to help bring lenders and dealers together more seamlessly, offering both user-friendly technology and high-touch customer service.

Agile's new MBS pool bidding offering includes:

* Efficiency and convenience by ingesting and streamlining email workflows into the Agile platform

* Best execution analysis on pool bids compiled automatically

* Granular loan-level data with all the specific characteristics lenders need to get sharper pricing

* Wide network of dealers returning bids at the push of a button

Curtis Richins, President & CEO of Agile, notes, "We've been partnering closely with a number of clients on our new MBS pool bidding offering after listening to many of the current challenges they face in the current BWIC process. We're excited to introduce MBS pool bidding to the marketplace because we believe the automation of this area of the industry was overdue. This is all part of our mission to revolutionize and digitize the mortgage capital markets."

Agile will be debuting the MBS pool bidding functionality on an industry webinar planned for October 14, 2021: https://trade-agile.com/webinar-introducing-agile-creating-a-better-mbs-market-for-all/

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders.

Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size.

For more information, visit: https://trade-agile.com/

Agile, a groundbreaking fintech bringing mortgage lenders and broker dealers on to a single electronic platform, today announced the launch of MBS pool bidding, enabling lenders and dealers to gain much-needed efficiencies and data through technology.

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

SimpleNexus Makes HousingWire’s Tech100 List of Most Innovative Companies in Mortgage Technology for a Fourth Consecutive Year

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, has been recognized in HousingWire's annual HW Tech100 list for the fourth year in a row. HousingWire's Tech100 program recognizes companies and solutions that are revolutionizing the mortgage process.

SimpleNexus is one of the fastest-growing software companies in the nation. With its "from anywhere" homeownership platform, loan teams are able to originate, process and close mortgage loans at lightning speed while juggling record-high loan volume and nurturing borrow and referral-partner relationships. The comprehensive platform unites the entire homebuying journey, from home search to eClosing.

"After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come," said HousingWire HW+ Managing Editor Brena Nath. "Knowing what these companies were able to navigate and overcome, we're excited to announce this year's list of the most innovative technology companies serving the mortgage and real estate industries."

"We are honored to be included in HousingWire's Tech100 list," said SimpleNexus Founder and CEO Matt Hansen. "SimpleNexus is relentless in the pursuit of making the lives of loan originators, borrowers and Realtors simple and seamlessly connected."

SimpleNexus serves a user base of more than 32,000 loan originators, 141,000 real estate agents and 3 million borrowers. To date, the platform has handled over 13 million loans totaling over $3 trillion in volume and touches approximately one in eight home loans originated in the United States.

For a complete list of winners, visit https://www.housingwire.com/articles/introducing-the-2021-hw-tech100-mortgage-winners/.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platforms' native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com/ or https://www.solutions.housingwire.com/ to learn more.

Twitter: @HousingWire #Tech100 @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, has been recognized in HousingWire's annual HW Tech100 list for the fourth year in a row.

Related link: https://simplenexus.com/

Promontory MortgagePath Expands Team, Hires Regional Vice Presidents of Sales Diane Capers and Greg Bruns

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced it has hired Diane Capers and Greg Bruns as regional vice presidents in the company's sales division. Capers and Bruns will advance Promontory MortgagePath's comprehensive sales strategy by cultivating pivotal relationships to strengthen and grow Promontory MortgagePath's position as the industry's leading mortgage fulfillment platform.

"We're experiencing an outpouring of interest in our products as banks seek to adapt to and manage the current low-rate, digitally-driven mortgage market," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Diane and Greg have proven track records in business development operations and will undoubtedly magnify our sales division's impact, leveraging their industry experience to drive our mission forward."

As a previous sales director with more than 20 years of experience, Capers has earned a reputation for exceeding sales goals, managing lengthy client rosters and securing new business opportunities. Having driven significant margin and revenue growth in past roles, Capers also possesses an acute ability to deepen client relationships and capture new business by utilizing skilled negotiation techniques. She has experience working in business development at several mortgage banking firms, including Caliber Home Loans and Lenders One and has expanded her expertise into the digital mortgage technology sector, most recently with Optimal Blue.

Bruns brings more than a decade of experience in commercial banking and mortgage technology, possessing a keen knowledge of the mortgage and financial industries. As an intuitive sales professional, Bruns has managed a full cycle sales territory of more than 200 Fortune 1000 companies, fostering and maintaining client relationships on a large scale and establishing footholds in new markets.

To learn more about open options at Promontory MortgagePath, visit https://www.mortgagepath.com/careers/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders solve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced it has hired Diane Capers and Greg Bruns as regional vice presidents in the company's sales division.

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

FormFree Director of Partner Relationships Christy Moss, CMB, Honored by NEXT Mortgage Events’ Inaugural 50 Over 50 Awards

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) Director of Partner Relationships Christy Moss, CMB, has been recognized by Next Mortgage Events (NEXT) as a 50 Over 50 honoree. In its inaugural year, the awards program honors female powerhouses in the mortgage industry.

Moss was recognized for her industry contributions as a mortgage banker, change-maker at government-controlled mortgage finance giant Fannie Mae and advocate for digital transformation at FormFree. A 30-year veteran of the mortgage industry, Moss got her feet wet holding advanced positions in the correspondent lending divisions of such financial institutions as CitiMortgage, Wachovia and GE Capital Mortgage Services.

During her 11-year tenure at Fannie Mae, Moss played a critical role advancing business initiatives beneficial to the post-crisis mortgage lending ecosystem. From 2015 to 2019, she focused on driving lender and partner adoption of technologies designed to improve the borrower experience and increase lender profitability in her role as strategic business and relationship manager.

Moss joined FormFree in 2019 as director of partner relationships. In this role, she helps drive digital transformation for consumers, lenders and investors.

"Christy shares FormFree's passion for leveraging mortgage technology to increase lender productivity and transform home buying into a stress-free, digital experience for consumers," said FormFree CEO Brent Chandler. "FormFree extends our heartfelt congratulations to Christy. It is an honor to have Christy on the FormFree team."

"NEXT's mission has always been to showcase the women who are the backbone of the mortgage industry - this award is part of that mission," said NEXT Co-Founder Jeri Yoshida. "We'll honor these top performers throughout #NEXTSUMMER20. Since this year's event is free and available online, we expect record-breaking attendance. We're thrilled that so many people in the mortgage industry will get to know these overachievers and acknowledge their role in their companies' success."

The full list of NEXT 50 Over 50 award honorees can be viewed at https://nextmortgagenews.com/.

About FormFree:

FormFree is a market-leading fintech company whose revolutionary products AccountChek and Passport are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(tm). For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About NEXT Mortgage Events LLC:

In January 2018, NEXT Mortgage Events broke the mortgage industry's unspoken barriers that limit women's access to competitive intel and networking-based information exchange, when it introduced NEXT, the mortgage technology summit for women. NEXT is a two-day, tech-focused symposium based on lenders sharing competitive intel with other lending executives. A boutique gathering, each NEXT event is limited to 200 attendees, and targets a select group of decision making executives. Roughly 85-90% of lender attendees hold a title of VP or higher and approximately 85% of attendees are women. NEXT is held twice a year, in winter and summer. For more information visit https://nextmortgagenews.com/, follow @NEXTmtgEvents or email info@NEXTmortgageEvents.com.

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-1017s2p-Christy-Moss-300dpi.jpg

FormFree Director of Partner Relationships Christy Moss, CMB, has been recognized by Next Mortgage Events (NEXT) as a 50 Over 50 honoree. In its inaugural year, the awards program honors female powerhouses in the mortgage industry.

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

OpenClose Adds New Hires to its Software Development Team

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

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

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

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

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

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

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

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

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform.

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

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

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

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

Quandis Adds New Imaging Functionality to its Military Search Service for SCRA Compliance

RANCHO SANTA MARGARITA, Calif. /ScoopCloud/ -- Quandis, Inc., a leading default management mortgage technology provider, announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD) to demonstrate proof of compliance for adherence to the Servicemembers Civil Relief Act (SCRA).

The SCRA requires that organizations take various measures before beginning default and foreclosure proceedings on active duty military personnel. Non-compliance with the SCRA can result in steep fines, lawsuits and the potential to rescind foreclosures.

Quandis' Military Search Service streamlines searches on delinquent loans by automatically combing the DoD's database to identify borrowers that have active duty status, who are protected under the SCRA. The searches are very thorough, complete with name permutations, which catches slight variations of different names. Searches return a detailed, documented certificate from the DoD demonstrating proof of compliance.

Quandis has now added imaging functionality to meet all internal and external compliance requirements. The new functionality delivers a number of newfound efficiencies.

"One of the ongoing problems that organizations are faced with when it comes to SCRA compliance is not only verifying that a delinquent borrower is on active duty, but also in how they process, organize, or redact certificates provided from the DoD," stated Greg Kent, vice president of data services at Quandis. "By adding imaging capability, clients now have the flexibility to take DoD certificates, centralize them, and store them internally for future reference and proof of compliance. This saves huge amounts of time spent by FTEs to manually perform the same task."

The typical process for default servicing entities starts with collecting a superset of all DoD SCRA certificates. Multiple copies are then created and adjusted for the content within them to be compliant. Law firms have to prove to servicers and courts that they interface with all SCRA information and documentation, and they all have their own internal requirements and procedures on how to handle SCRA certificates.

This manual process becomes hard to manage, significantly increases the element of human error, is laborious, time consuming and heightens the risk of non-compliance. Quandis' new imaging functionality remedies this and provides detailed, well-organized proof of SCRA compliance in the event of an audit.

"Quandis' SCRA image packages has allowed us to ensure compliance with searches for active military personnel across the board for all of our cases," stated Matt Barr, director of information technology at BWW Law Group, LLC. "The simplification of the overall process gives us more time to focus resources in other areas, which produces a significant ROI for us."

The Quandis Military Search Service for SCRA compliance can be used as a standalone solution or as integrated with leading law firm case management systems (CMS) and servicing platforms.

Quandis' Military Search technology also addresses compliance for the Military Lending Act (MLA) rule. The MLA helps protect U.S. servicemembers in other areas of consumer lending outside of mortgage such as payday loans, vehicle title loans, refund anticipation loans, deposit advance loans, installment loans and credit cards. Under the MLA, servicemembers have additional protections that must be complied with. Quandis expanded its footprint into protection of servicemembers involving high-cost loans and predatory lending when new changes were implemented to the MLA in 2015 and again in 2016.

About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis' solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company's clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers.

For more information, please visit http://www.quandis.com/ or call (949) 525-9000.

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

*LOGO for media: Send2Press.com/300dpi/17-1003s2p-Quandis-300dpi.jpg

Quandis, Inc., a leading default management mortgage technology provider, announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD) to demonstrate proof of compliance for adherence to the Servicemembers Civil Relief Act (SCRA).

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

Industry Veteran Joins Mortgage Technology Vendor, LBA Ware

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Finn Klemann as director of business development. In this role, Klemann will bring his more than 20 years of business development and sales experience in forging new relationships for LBA Ware in the financial services industry, with a specific focus on targeting growth in the mortgage industry.

"With the mortgage industry on the cusp of true digital transformation, now is the time for LBA Ware to expand its footprint in order to deliver innovation to the industry's back-office processes, like LO compensation," said Lori Brewer, founder of LBA Ware. "Finn's deep background in mortgage technology, coupled with his extensive experience in financial services business development, make him the ideal candidate to lead LBA Ware's next phase of growth."

Prior to joining LBA Ware, Klemann was vice president of sales for the Northeast territory at LoanLogics, a mortgage technology and outsourced services provider. Klemann has also held several high-level sales positions with financial services companies such as Interthinx (now First American Mortgage Services), Ascendant Capital Partners, Haverford Financial Services, Envestnet and Lincoln Financial Distributors.

"In the decade since I first entered this space, I've observed the mortgage industry's gradual transition into the digital world, and with solutions like CompenSafe and LOS Talker, LBA Ware is well positioned to deliver efficiency and process optimization to the back-office side of the mortgage transaction," Klemann said. "As Director of Business Development, I look forward to uncovering new opportunities for growth for LBA Ware and nurturing its existing relationships."

About LBA Ware:

Founded in 2008 and headquartered in Macon, Ga., LBA Ware is a leading provider of mortgage and retail banking technology solutions. With over 25 lending-oriented applications still in operation today, LBA Ware provides cutting edge solutions that leverage automation and system integration to ease the pain points of repetitive manual workflow, empowering lenders to maximize productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com/.

*PHOTO for media: Send2Press.com/mediaboom/17-0601s2p-Finn-Klemann-300dpi.jpg
*PHOTO Caption: Finn Klemann to head business development at LBA Ware.

LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Finn Klemann as director of business development. In this role, Klemann will bring his more than 20 years of business development and sales experience in forging new relationships for LBA Ware in the financial services industry, with a specific focus on targeting growth in the mortgage industry.

The Mortgage Collaborative Partners with Blend to Enhance the Mortgage Experience with Digital, Automated Platform

SAN DIEGO, Calif., /ScoopCloud/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced a partnership with Blend, a Silicon Valley technology company bringing mortgages into the modern age, to deliver a digital mortgage experience that is fast, simple and secure to its network of small, mid-sized, and community-based lenders.

"Lenders stand to save ample time, energy, and resources when they can offer their customers a truly digital mortgage experience," said Rich Swerbinsky, EVP of National Sales & Strategic Alliances for The Mortgage Collaborative. "Blend's platform is well-regarded in the industry, and we look forward to helping place their technology in the hands of more lenders through our network."

As a result of the partnership, The Mortgage Collaborative's members will receive discounted pricing on Blend's white-label platform, which creates an end-to-end digital mortgage experience that simplifies workflows for lenders and borrowers, while reducing risk and ensuring compliance. The Mortgage Collaborative's network of lenders can offer borrowers a simpler, faster application process using any desktop, tablet, or mobile device.

Furthermore, Blend will provide members of The Mortgage Collaborative with frequent expertise at various network education events hosted throughout the year.

"Blend uses technology and consumer-centered design to provide the most seamless home lending process possible," said Nima Ghamsari, CEO & co-founder of Blend. "The Mortgage Collaborative has assembled an impressive roster of lenders, and this partnership will help ensure lenders of all shapes and sizes can offer their consumers a truly modern borrowing experience."

The Mortgage Collaborative network is more than 100 lenders strong, with an annual origination volume of $156 billion. The network caters to lenders of all sizes, with the majority of members generating between $500 million and $2 billion in originations annually.

About The Mortgage Collaborative:
Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA). For more information, visit: http://www.mortgagecollaborative.com.

About Blend:
Blend is a Silicon Valley technology company transforming the multi-trillion dollar home mortgage industry. Blend's technology delivers speed and efficiency to lenders, so they can serve the modern borrower and safely navigate the industry's changing rules and regulations.

Founded in May 2012, Blend is backed by Peter Thiel, Andreessen Horowitz, Formation 8, Lightspeed, Max Levchin, Hans Morris, and other leading venture investors. To learn more, visit https://blend.com/.

The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced a partnership with Blend, a Silicon Valley technology company bringing mortgages into the modern age, to deliver a digital mortgage experience that is fast, simple and secure to its network of small, mid-sized, and community-based lenders.

Maxwell Recognized with HousingWire’s HW TECH100 Award

DENVER, Colo. /ScoopCloud/ -- Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized as one of HousingWire's TECH100(TM) for 2017. The HW TECH100(TM) is a list of the housing economy's 100 most innovative companies. It is the only list of its kind that evaluates tech innovation across the entire U.S. housing economy, spanning real estate to mortgage lending, servicing, and investments.

"There's no question that thoughtful technology is changing the way mortgage companies originate loans," said Maxwell CEO John Paasonen. "I'm incredibly proud of our team for this recognition of our dedication to augmenting human ability with software -- this award, along with the $1.5B we've facilitated since launching in 2016, affirm our core philosophy."

Maxwell was nominated for its point-of-sale and workflow automation tool for loan officers and their borrowers. Built by engineers and designers from Silicon Valley, the cloud platform empowers loan officers and their teams by intelligently automating their collaboration with borrowers and real estate agents during the mortgage process. Using Maxwell, mortgage companies increase the capacity of their origination teams, closing loans over 45 percent faster.

For more information on the HW TECH100(TM) award and the full list of honorees: http://www.housingwire.com/articles/39311-the-2017-hw-tech100.

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

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by lenders nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado.

Media Contact:
Eric Danielson
Maxwell Financial Labs, Inc.
T: 888-256-6067
eric[at]himaxwell.com

Connect with Maxwell:
https://www.himaxwell.com

: https://www.facebook.com/maxwellHQ
: https://twitter.com/ilovemaxwell

Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized as one of HousingWire's TECH100(TM) for 2017. Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents.

DocMagic Announces ‘eQC’ Automated Due Diligence Solution for Investors and Correspondent Lenders

TORRANCE, Calif., May 12, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the formal launch of its fully integrated "eQC" solution that automates due diligence for investors and correspondent lenders. eQC provides a complete closed loan MISMO 3.3/UCD XML data file, an automated compliance report, and a detailed audit trail with a document integrity certification that certifies that the XML data provided and documents match prior to investor delivery.

The automated compliance component of eQC includes a complete electronic record of compliance that arms investors and correspondent lenders with a detailed audit trail that eliminates concerns over future TRID audits and violations.

Moody's Investor Services, Inc. compiled a report that revealed more than 90 percent of loans reviewed by third party due diligence firms were not TRID compliant. Since that time, outstanding issues with TRID have been adversely affecting the secondary market's appetite to purchase loans. Concerns over potential assignee liability can result in loans remaining on warehouse lines for longer periods, extending lock periods, placing loans into suspension, and even potentially affecting the credit rating for mortgage bonds that are included in future RMBS pools.

"The CFPB requires all parties involved in the mortgage finance transaction to demonstrate evidence of TRID compliance," asserts Tim Anderson, director of eServices at DocMagic. "Our new eQC solution gives investors and correspondent lenders warranted electronic evidence of compliance with TRID and other critical regulations, and ensures that the audited data is exactly the same data that appears on the documents disclosed to the borrower. This is really the holy grail of automated due diligence compliance."

eQC also provides compliance data on federal regulations like high cost, QM, ATR, as well as applicable state regulations. It works by leveraging DocMagic's sophisticated audit engine, which determines if a condition is out of compliance. The audit engine immediately flags the causes of any issues for the user, directs the user to a link with information on where and how to fix it, and then verifies that the error was corrected. A full date and time stamped audit trail is created by following a consistent data validation process that runs over 10,000 compliance rules and edits designed to verify and validate legal compliance throughout the loan origination process.

This audit trail also provides full date and time stamp tracking of all borrower disclosures, a complete record of the compliance checks and conditions performed on the loan, and the complete MISMO 3.3/UCD XML data file. The XML data file can be used to electronically board and re-verify compliance at any time in the future through a tool set API that enables high speed access to this due diligence functionality.

"With over 8,000 originators running millions of closed loans through DocMagic's compliance portal each year, eQC leverages the long-standing industry acceptance of our compliance solutions to bring our correspondent lenders and investors true automated proof of compliance," said Dominic Iannitti, president and CEO of DocMagic.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy

For more information on DocMagic, visit http://www.docmagic.com/.

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

DocMagic Twitter: @DocMagic https://twitter.com/DocMagic

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

Simplifile Q1 2016 Report Reveals Three Out of Four Transactions Eligible to be E-Recorded

PROVO, Utah, April 20, 2016 (SEND2PRESS NEWSWIRE) -- Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, today released quarterly figures summarizing the organization's activities and achievements from January through March 2016.

The company announced the addition of 49 e-recording counties across 20 states during the first quarter of the year, bringing its total number of e-recording jurisdictions nationwide to 1,410. This sets a pace of about one new e-recording county every other day.

"County recorders are embracing e-recording at a brisk tempo that points to a growing awareness of the advantages offered by this technology," said Paul Clifford, president of Simplifile. "The number of e-recording counties has grown steadily over the last several years, but it looks like we could be on track for a banner year in 2016."

Using Simplifile's secure, web-based service, customers ranging from title companies to banks, attorneys and lien filers can scan or upload and submit documents directly to the recorder's office. In minutes, the recorder can review, stamp, record and return the documents back to the submitter electronically.

"We're already electronically submitting land record documents to the tune of over 2.5 million documents per quarter, and the infrastructure is in place to support e-recording of three out of four transactions," Clifford said. With its latest additions, Simplifile serves 39 percent of U.S. recording jurisdictions, including all 20 of the nation's most populous counties. Simplifile's e-recording county network is home to some of the nation's most populous metropolitan centers, representing more than 75 percent of U.S. residents and the vast majority of all recording transactions.

Simplifile also saw significant first-quarter growth in adoption of its loan estimate and closing disclosure collaboration solution that enables lenders to share, receive and validate documents and data with their network of settlement agents. "Now is the time for lenders who've been on the fence to join with settlement agents and counties in embracing technology that makes real-time collaboration and post-closing easier, more compliant and more auditable," Clifford said. The Simplifile Collaboration service provides a platform for collaborating on fee data, documents and transaction details and allows users to share changes, updates, deficiencies and statuses within one system, in real time.

High-speed internet access and a browser are the minimum requirements for customers to begin collaborating or submitting documents for e-recording through Simplifile.

In January 2016, Simplifile VP of Strategic Planning Nancy Alley was appointed to the Mortgage Industry Standards Maintenance Organization (MISMO) board of directors. Also in Q1, Simplifile was named to HousingWire magazine's 2016 TECH100(TM) list. The TECH100(TM) represents the housing economy's 100 most innovative technology companies. Simplifile was recognized for its dominance of the e-recording space and the release of its Collaboration and Post-Closing solutions for lenders and settlement agents.

About Simplifile:

Simplifile is an electronic document and data workflow platform that connects lenders, settlement agents and counties. Since 2000, Simplifile has grown the nation's largest e-recording network and transformed the title and real estate industries. From e-recording to document sharing, collaboration and post-closing, Simplifile offers an array of services in one place to help users securely record, share and track documents, data and fees with ease.

To learn more, visit https://simplifile.com or call (800) 460-5657.

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Twitter: @Simplifile

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OpenClose Taps Industry Veteran Michael Falce to Handle Increasing Demand for its Multi-Channel LOS

WEST PALM BEACH, Fla., April 19, 2016 (SEND2PRESS NEWSWIRE) -- OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that industry veteran Michael Falce has been hired as a vice president, enterprise account executive. In this role, he will work with lending entities of various types and sizes to utilize OpenClose's LenderAssist(TM) LOS and additional software solutions.

Mr. Falce brings to OpenClose a unique blend of mortgage banking and mortgage technology experience that spans more than 25 years of exclusively serving the mortgage industry. He thrives at fast-paced, dynamic companies where he has absorbed key facets of the mortgage lending business including production, secondary marketing, underwriting, compliance, quality control, risk management, operations and technology.

Mr. Falce has extensive knowledge of correspondent lending and capital markets and has been directly in charge of establishing business models, platforms, processes and sales execution strategies for many different types of lending organizations. He has worked in sales management and held executive-level roles at Countrywide Home Loans, Aurora Loan Services, IMPAC Mortgage, Cherry Creek Mortgage, First Guarantee Mortgage, CUNA Mortgage and First American CoreLogic.

"Mike has been a top producer at every company he has been with and is armed with both mortgage banking and first-hand technology experience," said JP Kelly, president at OpenClose. "We are pleased to have him join the OpenClose team and interface with our industry's professionals to meet the increasing demand of our end-to-end LOS platform as well as other innovative standalone solutions we've developed."

The OpenClose solutions that Mr. Falce will offer include LenderAssist(TM) LOS, DecisionAssist(TM) PPE, ConsumerAssist(TM), OC Correspondent(TM), OC Optics(TM) and correlating professional services.

"I am excited to leverage my mortgage background to introduce OpenClose's industry leading LOS technology," commented Falce. "I've worked with many different types of mortgage technology systems throughout my career and OpenClose is one of the most comprehensive and advanced that I've seen."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading end-to-end, multi-channel loan origination system (LOS) provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for comprehensive automation and compliance adherence.

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

OpenClose Twitter: @openclosesocial - https://twitter.com/openclosesocial

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/openclose-taps-industry-veteran-michael-falce-to-handle-increasing-demand-for-its-multi-channel-los-2016-0419-01.shtml.

DocMagic Announces the Formal Launch of its New Total eClosing Solution

TORRANCE, Calif., March 30, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today the formal launch of its fully integrated eClosing solution that electronically transforms the entire mortgage process from initial eDisclosure to final eClosing through investor eDelivery.

DocMagic's total eClosing process seamlessly integrates its eDocument library, SMARTDoc(TM) eNote with eSignature, eNotary, MERS eRegistration, eDelivery and eVault services in a comprehensive end-to-end eClosing solution that delivers substantially faster closings, total data transparency, superior regulatory compliance and maximum process efficiency.

The total eClosing solution is also seamlessly integrated into DocMagic's SmartCLOSE(TM) collaborative closing portal, offering a secure, centralized online environment for lenders, settlement providers and other parties to share, validate, audit, track and collaborate on documents, data and fees backed with a 100% TRID compliance guarantee. The new process is easily accessible from within SaaS-based SmartCLOSE(TM) and on-premise SmartSAFE XL(TM) systems, including the eSigning, eDelivery and eVaulting of all documents.

DocMagic's eMortgage solutions have been vetted and approved by Fannie Mae and MERS to support all three eMortgage categories for eVault, eNote and eClosing. DocMagic's participation as a leading player in numerous eClosing pilots, including the CFPB's eClosing Pilot initiative last spring has led to the rapid advancement of eClosing adoption as a solution for regulatory compliance tracking, reducing data errors, data transparency, and bringing borrower knowledge and satisfaction to the loan process.

"The total eClosing solution is an out-of-the box, easy to implement, fully paperless, patented solution that combines the most advanced functionality and continuous compliance tracking with robust borrower and lender friendly user features," said Dominic Iannitti, president and CEO of DocMagic. "Borrowers can communicate with their lenders and settlement agents and eSign documents while DocMagic runs continuous automated compliance audits throughout the entire loan process, guaranteeing compliance on factors affecting the salability of your loan, from TRID tolerance levels to compliance with anti-predatory lending and higher-priced mortgage loan laws, all while tracking every iteration of the data and speeding up the closing process."

"The DocMagic total eClosing solution is revolutionizing the traditional paper mortgage process and the timing of this couldn't be better," says Tim Anderson, director of eServices at DocMagic. "With the electronic data verification, delivery and record retention requirements of TRID, lenders have to demonstrate proof of compliance, control and accountability of the entire mortgage process. We have developed only platform in the industry that integrates and supports all key eMortgage functions within a single solution. The total eClosing solution provides a full electronic process in a one stop solution - which is truly revolutionary."

The successful launch of DocMagic's total eClosing solution as well as other recent innovations will be celebrated at the MBA Technology Conference & Expo at the company's 'Futurescape' event on Monday, April 4, 2016, at 6 p.m. at The Conga Room inside LA Live.

Interested parties can learn more about DocMagic's new eClosing solution by calling (800) 204-4255 or emailing sales@docmagic.com.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit http://www.docmagic.com/.

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

Twitter: @DocMagic

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/docmagic-announces-the-formal-launch-of-its-new-total-eclosing-solution-2016-0330-01.shtml.

Platinum Data Executive Craig Zielazny Named to Board of Advisors for Wittenberg University’s New Master of Science in Analytics Program

ALISO VIEJO, Calif., March 22, 2016 (SEND2PRESS NEWSWIRE) -- Platinum Data Solutions, a provider of valuation data and analytics solutions, has announced that Craig Zielazny, the company's senior vice president of valuation analytics, has been named to the Board of Advisors for Springfield, Ohio-based Wittenberg University's new Master of Science in Analytics program. The Board of Advisors is charged with collaborating to create the department's curricula and courses, and could include guest lecturing. The inaugural semester for Wittenberg University's Master of Science in Analytics program begins in August 2016.

According to program coordinator Jana Buck, the Master of Science in Analytics program seeks to provide students with a comprehensive knowledge base that includes both analytics and management.

"Today's managers need to know enough about analytics to enable them to communicate effectively with analysts," said Buck. "In addition, analysts who want to be in management need skills beyond the nuts-and-bolts knowledge that got them to this point. Success in management depends on things like knowledge and skills in managing people, understanding roles within an organization, and big-picture thinking. The goal of the Analytics Program is to arm our graduates with a skillset that covers these two critical facets."

Zielazny, a noted lecturer who has held managerial and executive level roles in mortgage valuation analytics for over a decade, hopes his knowledge and passion for valuation analytics will help to cultivate interest in the residential real estate valuation segment among the program's students and new graduates.

"The valuation segment needs new recruits and it also needs deeper analytics," he said. "The truth is, we're sitting on a practically endless supply of both. The more we embrace advanced analytics in the residential valuation space, the safer mortgage and collateral-based transactions will become, and the easier it will be to attract the next generation of high quality analysts and managers."

Zielazny oversees the valuation analytics division of Platinum Data, which is recognized by the top 15 AVM providers for generating the industry's highest quality valuation data, and pioneering the most rigorous AVM testing and validation program in the industry.

Platinum Data's online platform and analytical tools are used to protect the country's top 10 mortgage lenders, and are integrated with nine of the top 10 appraisal management systems.

ABOUT PLATINUM DATA SOLUTIONS:

Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company's online platform and analytical tools protect the country's top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks. The company's RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry's only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.

For more information, visit http://www.platdata.com/, follow @Platinum_Data or email info@PlatinumData.com.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/platinum-data-executive-craig-zielazny-named-to-board-of-advisors-for-wittenberg-university-s-new-master-of-science-in-analytics-program-2016-0322-05.shtml.

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

Mid America Mortgage Offers Marketing Tools to Partners through Mid America Concierge Service

ADDISON, Texas, Dec. 9, 2015 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has developed Mid America Concierge, an online marketing support portal for its strategic business partners, including real estate agents and brokers.

The portal provides Mid America's partners with access to marketing and promotional materials, in addition to services for lead generation, social media marketing, customer relationship management (CRM) and more.

"Mid America's partners are a critical component to our success," Bode said. "Whether its using Mid America's affiliated LOS Mortgage Machine or the best-of-breed services available through Mid America Concierge, we want to ensure our partners have the absolute best technology and services available to execute at the highest level possible."

To make the available services more affordable, Mid America offers incentives for partners to promote their work with Mid America through credits and discounts for services on the site.

"Providing value, whether its to borrowers or our partners, is one of the cornerstones of Mid America's philosophy, and we want to make it both easy and beneficial for our partners to access the services available through Mid America Concierge," Bode added. "Something as simple as taking a photo at closing can translate into big savings on services, which helps our partners grow their business while supporting Mid America. It's truly a win-win for everyone."

To learn more about Mid America Concierge, visit http://www.midamericaconcierge.com/.

About Mid America:

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/mid-america-mortgage-offers-marketing-tools-to-partners-through-mid-america-concierge-service-2015-1209-03.shtml.

NEWS SOURCE Mid America Mortgage, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.