Tag Archives: Mortgage

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

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.

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ProPair’s Q2 2024 Impact Study Reveals Significant Gains in Sales Conversions with Predictive Lead Assignments

SAN CARLOS, Calif /ScoopCloud/ -- ProPair, the fastest way for marketing and sales leaders to implement predictive AI, has released its Q2 2024 Impact Study, showcasing a substantial 46% improvement in sales conversions using Predictive Lead Assignments compared to standard lead assignment methods. This breakthrough underscores the growing importance of data-driven decision-making in sales strategies.

Key Findings:

* Leads managed using ProPair's Predictive AI technology converted at a rate of 2.5%, significantly higher than the 1.7% conversion rate achieved with traditional lead assignment methods.

* The study analyzed over 390,000 leads between April 1st, 2024, and June 30th, 2024, from both company-generated and third-party purchased internet sources. The data was standardized across industries and lead types, providing a comprehensive view of the impact.

* ProPair's Predictive AI assignments leverage machine learning to recommend the optimal agent for each new lead, eliminating the guesswork and inefficiencies of traditional round-robin or manager-discretion methods.

A Record-Setting Quarter for Predictive Lead Assignments

This quarter marks the highest recorded impact since the inception of ProPair's quarterly studies in 2023. Enhancements in the recommendation engine, along with improved customer practices, contributed to this remarkable increase in performance. Sales and marketing leaders who have long suspected that a more deliberate approach to lead assignments could yield better results now have quantifiable evidence supporting this belief.

"Sales leaders love the concept of predictive lead assignments, but don't yet know it's a production-ready and validated technology. We're changing that," said Ethan Ewing, CEO at ProPair. "Our customers are seeing up to 50% more conversions without any additional systems or complex integrations, making it a simple upgrade that delivers substantial returns."

Why Predictive Lead Assignments Matter

Traditional lead assignments often rely on outdated methods such as round-robin distribution or subjective manager choices, which can lead to suboptimal results. ProPair's Predictive Lead Assignment, powered by AI, ensures that each lead is matched with the agent most likely to convert it, resulting in increased efficiency and sales outcomes.

About ProPair

ProPair is the fastest way for marketing and sales leaders to implement predictive AI, transforming how they manage leads and maximize sales performance. ProPair's applications insert predictive values directly into existing systems, allowing organizations to quickly leverage the huge benefits of predictive models and deliver measurable results.

Schedule a Demo Today

Ready to move your marketing and sales teams to predictive lead assignments? Contact ProPair to schedule a demo.

For more information, please visit https://www.propair.ai

Media and business queries:
Ethan Ewing
Founder, ProPair
eewing @ propair.ai

ProPair, the fastest way for marketing and sales leaders to implement predictive AI, has released its Q2 2024 Impact Study, showcasing a substantial 46% improvement in sales conversions using Predictive Lead Assignments compared to standard lead assignment methods. This breakthrough underscores the growing importance of data-driven decision-making in sales strategies.

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

Critical Defect Rate Rises to 1.58%, Per ACES Mortgage QC Industry Trends Report

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the first quarter (Q1) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

Notable findings from the Q1 2024 report include the following:

* The overall critical defect rate increased 3.27% to 1.58% in Q1 2024, ending five quarters of decline.

* While Income/Employment remains the leading category of defects, performance improved tremendously quarter-over-quarter in this category.

* Defects increased in two of the four major underwriting categories, with Credit defects nearly doubling from Q4 2023.

* Legal/Regulatory/Compliance defects increased by 208.37% to 16.22%, becoming the second-highest category of defects this quarter, followed by Loan Documentation at 14.41%.

* Insurance defects, while usually negligible, comprised 8.11% of all defects.

* Although refinance review share declined this quarter, defect share doubled, indicating a degradation in quality in this area.

* Defect share outstripped review share for conventional loans this quarter, most certainly fueled by the surge in refinance defects.

* Both review share and defect share declined in the FHA category. Lenders also saw substantial improvements in VA defect share despite significantly increasing review share over Q4.

"Given origination levels in the first quarter of this year, the findings in this report showed greater changes than expected," said ACES Executive Vice President Nick Volpe. "Historically, defect rates decrease when there is a decline in origination levels; however, that was not the case for Q1. Mortgage lenders are no strangers to market adversity. While the market is shifting, we hope this report will serve as a reminder to reinforce quality control across the board."

Findings for the Q1 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"The current mortgage market presents distinct challenges that lenders must navigate with precision. Although the critical defect rate remains low by historical standards, the increase in a quarter with record-low origination volumes is concerning. Notable rises across underwriting categories and unexpected insurance defects need closer scrutiny from lenders," said Trevor Gauthier, CEO of ACES Quality Management. "Overall, the data clearly shows that lenders are under increasing pressure to maintain quality amid changing market dynamics. A proactive approach to quality control is crucial for mitigating risk and ensuring long-term stability."

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

About ACES Quality Management:

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

* Over 70% of the top 20 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

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

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

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the first quarter (Q1) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

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

Optimal Blue Rolls Out Innovations in New UI, Gen AI, Originator Capabilities and New No-Cost Solutions

PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced its extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live.

"Our focus is on client profitability, so we are investing and delivering in areas that will have the biggest impact on a lender's bottom line," said Joe Tyrrell, CEO of Optimal Blue. "We're rolling out our new intuitive UI to all clients, introducing new tools to help loan originators be more effective and efficient, and delivering automation solutions to address real operational issues through our new GenAI capabilities - all at no cost to our clients. We are also introducing new data solutions at no incremental costs for clients and shifting a number of our current solutions to unlimited usage models to help our clients get the most out of our innovations."

New capabilities will be introduced into the core platform beginning in mid-September and continuing through the Optimal Blue Summit, a national user conference being held in San Diego in February. For originators, areas of innovative focus include new origination tools, such as true side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a new GenAI solution.

"We are focusing on delivering new value, at no additional cost, in order to help our clients improve their ROI on every loan," said Erin Wester, VP of product management for Optimal Blue. "I'm thrilled about our ability and commitment to innovate in ways that directly allow Optimal Blue clients to even further increase the value they currently receive, all while we continue to lead the market in our use of APIs and automation."

Generative AI solutions that address specific secondary market use cases, will be unveiled across all Optimal Blue's capital markets solutions. This initiative began with the company's Profitability Assistant, designed to help chief financial officers and capital markets executives better manage gain and loss down to the individual loan. New AI capabilities will continue to be added to the hedging and loan trading platform, and will be expanded into the Optimal Blue PPE, in the next two quarters. The GenAI solutions will culminate with a definitive GenAI "ask" functionality that will be unmatched in terms of the value lenders realize, solving complex business challenges and identifying critical profitability opportunities by clients simply asking a question.

"Optimal Blue has committed to significant investments in GenAI, providing these capabilities at no additional cost to our clients, and our engineering team is excited to build solutions that solve real problems and see high levels of utilization," said Seever Sulaiman, Optimal Blue chief technology officer. "These capabilities along with our machine-learning functionality, will enable automation for the entire end-to-end capital markets lifecycle, from origination through trading, making the data and processes more efficient, more accurate, and substantially faster."

Optimal Blue clients are invited to attend the inaugural Optimal Blue Summit February 3-5 at the Marriott Marquis San Diego Marina, where major product announcements will be made live. Additional details and registration information for the Summit are available on the Optimal Blue Summit 2025 webpage at https://www2.optimalblue.com/optimal-blue-summit/.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

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Optimal Blue today announced its extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live. New capabilities will be introduced into the core platform beginning in mid-September and continuing through the Optimal Blue Summit, a national user conference being held in San Diego in February.

Related link: https://www2.optimalblue.com/

NotaryCam hires Sam McPherson as new Head of Customer Success

HOUSTON, Texas /ScoopCloud/ -- NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization technology for real estate and legal transactions, today announced the appointment of Sam McPherson as the new Head of Customer Success. In this role, McPherson will oversee customer relationships, focusing on delivering an exceptional client experience while driving retention and advocacy.

"We are pleased to welcome Sam to the NotaryCam team. His depth of experience in developing customer success strategies, especially within digital environments, makes him an ideal fit as we continue to grow," said Brian Webster, President of NotaryCam. "Sam's proven ability to scale processes, foster deep customer relationships and drive meaningful results will be instrumental as we enhance our client services and maintain our position as the leader in remote online notarization. We're confident that our customers will continue to experience best-in-class support and innovation under Sam's leadership."

McPherson brings over a decade of experience in customer success and growth strategies within the B2B SaaS sector. He has held key roles, including Director of Growth and Customer Success at Hire Ground and Director of Customer Success at SharpSpring, where he developed innovative onboarding and customer engagement programs that increased client satisfaction and retention rates. His expertise in building and leading teams that drive long-term success aligns with NotaryCam's mission to deliver secure, convenient, scalable eClosing and online notarization solutions.

"NotaryCam has a stellar reputation in the industry, and I'm honored to join a company that has consistently set the standard for excellence in eClosings and online notarization," said McPherson. "I look forward to contributing to the continued success of our customers by helping them maximize the value they get from our solutions."

About NotaryCam, a Stewart Company

NotaryCam, a Stewart-owned company, is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for more than a million customers in all 50 states and more than 146 countries. The company's eClose360® platform delivers the "perfect" online mortgage closing in every jurisdiction and supports all eClosing scenarios with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. In addition to real estate transactions, NotaryCam provides RON services to many Fortune 500 companies as well as small and midsize businesses. The company also proudly maintains an industry-leading 99.8 percent customer satisfaction rating and the highest Net Promoter Score (NPS) amongst the best global tech brands.

Visit https://www.notarycam.com/ for additional information or to get a document notarized today.

NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization technology for real estate and legal transactions, today announced the appointment of Sam McPherson as the new Head of Customer Success. In this role, McPherson will oversee customer relationships, focusing on delivering an exceptional client experience while driving retention and advocacy.

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

LenderLogix adds mortgage sales expert Ben Head as account executive

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 Ben Head has joined the company as an account executive responsible for expanding LenderLogix' market share.

"With the increasing demand for our product suite amongst loan officers and lenders alike, we needed an experienced sales professional to help us manage our growth opportunities in the current market," said LenderLogix Co-Founder and CEO Patrick O'Brien. "Ben's sales experience and early days as a loan officer make him a natural fit for our organization, and we're looking forward to him helping us further showcase our continuously evolving product suite."

Possessing more than 20 years of sales experience in the mortgage industry, Head joins LenderLogix from Enact Mortgage Insurance, where he served as a strategic accounts representative for more than 12 years. While with Enact, he managed the first $3 billion national mortgage banker account in company history and was the top national accounts representative for the last five years, covering two out of the top five mortgage bankers in the country. Before Enact, Head held sales positions with Forward Financial and Prime Mortgage Company.

"Throughout my career, I've had the privilege of serving on technology and marketing committees within the mortgage industry, which has kept me at the forefront of this ever-changing field," said Head. "It's a greater privilege to be directly involved in the action now as a part of the LenderLogix team. I look forward to blending these areas of my expertise and being more directly involved with LenderLogix users."

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 Ben Head has joined the company as an account executive responsible for expanding LenderLogix' market share.

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

iEmergent receives The Mortgage Collaborative’s Lenders’ Choice award for Thought Leadership, Creativity & Innovation

DES MOINES, Iowa /ScoopCloud/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, was awarded The Mortgage Collaborative's 2024 Lenders' Choice Award for Thought Leadership, Creativity & Innovation. Laird Nossuli, iEmergent's CEO, and Bernard Nossuli, COO, accepted the award on Monday during TMC's "A Mile Above" Conference, held at the Hyatt Regency in Denver.

In presenting the award, TMC Vice President of Business Development Mimi T. Paxson, CMB, read aloud one of the lender testimonials submitted in support of iEmergent's recognition:

"They [the iEmergent team] have proven to be a very valuable partner in our efforts to effectively serve underserved communities in all our markets. They live this mission, and their customer service interactions with us exemplify this as they are prompt, thorough, knowledgeable, and personable. Coupled with a great value for the quality of the service, you can always know they are serious about bringing you accurate and actionable data to assist in making strategic decisions."

iEmergent's signature market intelligence platform, Mortgage MarketSmart, helps lenders grow current market share and expand into untapped markets by visualizing current origination trends and anticipating shifts in the economic, demographic, housing and competitive landscape at a hyper-local level. A TMC preferred partner since 2018, iEmergent is a past recipient of HousingWire's Tech 100 award honoring the industry's most innovative companies. Last October, iEmergent received the Mortgage Bankers Association's Residential Diversity, Equity and Inclusion (DEI) Leadership Award for helping lenders effectively increase homeownership within communities of color.

"This award is particularly meaningful to us because it reflects the experiences of TMC's lender members. To be recognized by the very organizations we aim to serve is a true honor," said Laird Nossuli. "Our goal has always been to provide actionable, forward-looking data that empowers lenders to better serve their communities, and our longstanding partnership with TMC has allowed us to expand that mission even further."

About iEmergent:

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

Twitter: @iEmergent @MtgCoop #mortgage #mortgagelending #housingfinance #housingequity

iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, was awarded The Mortgage Collaborative's 2024 Lenders' Choice Award for Thought Leadership, Creativity & Innovation. Laird Nossuli, iEmergent's CEO, and Bernard Nossuli, COO, accepted the award on Monday during TMC's "A Mile Above" Conference, held at the Hyatt Regency in Denver.

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

Rate-and-Term Refinances Surge 109% MoM in August as Mortgage Rates Decline

PLANO, Texas /ScoopCloud/ -- Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.

"Refinance activity, particularly rate-and-term refinances, surged as mortgage rates declined across all loan types," said Brennan O'Connell, director of data solutions at Optimal Blue. "Notably, August saw a remarkable 109% month-over-month (MoM) increase in rate-and-term refi volume in response to a 31-basis-point drop in the benchmark OBMMI 30-year conforming rate, which ended the month at 6.37%. Rate-and-term refi activity was up 300% from the same period last year."

Key findings from the Market Advantage report, which are drawn from direct-source mortgage lock data, include:

* Refinance volume spikes and purchase volume falls: Refinances now account for 26% of total production, the highest level since March 2022, when the Federal Reserve began increasing interest rates. Rate-and-term refinance volume more than doubled in August, rising 109% MoM, while cash-out refinances also saw a more modest increase of 8%. Purchase volume fell by 10% MoM.

* Mortgage rates decline: 30-year mortgage rates trended downward in August across all loan types, with the biggest shift in FHA rates, which fell by 40 bps to 6.13%, and the smallest shift occurring in conforming rates, which fell by 31 bps to 6.37%.

* Narrowed spreads provide more refinance incentive: The 10-Year Treasury yield decreased by 18 bps to 3.91%, with the spread between the 10-Year Treasury and the 30-year conforming mortgage rate narrowing by 13 bps to 246 bps. This marks a significant improvement in the spread, which has fallen by over 50 bps from the same period last year.

* Purchase counts reflect persisting challenges for homebuyers: Despite the increase in refinance activity, purchase lock counts - a key indicator of housing market conditions - dropped 16% YoY due to continued affordability and inventory challenges. Purchase locks are down 45% over August 2019.

* 2024 FHA and purchase borrowers' credit scores at highest in seven years: Throughout 2024, monthly average credit scores have been higher than average for FHA borrowers (675.3), as well as for borrowers seeking purchase loans (736.4), than any other month dating back to January 2018, when Optimal Blue started tracking the data. The average credit score across all production in August 2024 was 731.

* Loan amount and purchase price: The average loan amount rose from $369.1K to $372.4K, while the average purchase price fell from $471K to $465.5K.

View the full August 2024 Market Advantage report, which provides more detailed findings and additional insights into U.S. mortgage market trends, at (PDF): https://www2.optimalblue.com/wp-content/uploads/2024/09/OB_MarketAdvantage_MortgageDataReport_August2024.pdf.

About the Market Advantage Report:

Formerly known as the Originations Market Monitor, Optimal Blue issues the Market Advantage mortgage data report each month to provide early insight into U.S. mortgage trends. Leveraging lender rate lock data from the Optimal Blue PPE - the mortgage industry's most widely used product, pricing, and eligibility engine - the Market Advantage provides a view of early-stage origination activity. Unlike self-reported survey data, mortgage lock data is direct-source data that accurately reflects the in-process loans in lenders' pipelines.

Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.

Related link: https://www2.optimalblue.com/

Optimal Blue to Host Inaugural Industry Summit February 3-5, 2025

PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced it will host its inaugural Optimal Blue Summit from February 3-5, 2025, at the Marriott Marquis San Diego Marina. Set against the scenic backdrop of San Diego Bay, the Optimal Blue Summit 2025 will bring together clients from across primary and secondary mortgage networks to connect, learn, and share best practices for pricing and profitability.

This three-day event will feature engaging panels and multi-track sessions led by leading economists, policymakers, lenders, and Optimal Blue's team of subject matter experts to provide attendees with unique tools and insights they need to optimize their competitive advantage in today's dynamic market.

"Optimal Blue has a distinct depth of expertise and resources built and refined over decades as the industry leader," said Joe Tyrrell, CEO of Optimal Blue. "Our Summit will deliver new value to all of our clients and partners through announcements of new innovation and sharing of best practices and ideas from experts in closing more business at higher levels of profitability. Working with Optimal Blue has always helped clients maximize their profitability, and we look forward to bringing the industry together for uniquely valuable content and connections they cannot access elsewhere."

Highlights from the event will include:

* Generative AI roadmap: Be the first to hear about the latest updates to the Optimal Blue product roadmap, including AI and automation advancements.

* Loan officer tools: Discover more about a new suite of solutions designed and built to help loan officers close more business, faster.

* Market insights: Gain exclusive access to original market analysis, customer behavior trends, and emerging opportunities to optimize lending strategies and make informed decisions.

* Best practice sharing: Learn how leading lenders and capital markets experts leverage Optimal Blue solutions to navigate market challenges and achieve superior results.

* Feedback forums: Participate in product feedback sessions, focus groups, and user forums to shape the future of Optimal Blue's offerings.

* Networking opportunities: Connect with industry peers, lenders, capital markets leaders, economists, policymakers, and technology partners through interactive sessions, idea exchanges, and fun, shared experiences.

Additional details and registration information are available on the Optimal Blue Summit 2025 webpage at https://www2.optimalblue.com/optimal-blue-summit/.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

Optimal Blue today announced it will host its inaugural Optimal Blue Summit from February 3-5, 2025, at the Marriott Marquis San Diego Marina. Set against the scenic backdrop of San Diego Bay, the Optimal Blue Summit 2025 will bring together clients from across primary and secondary mortgage networks to connect, learn, and share best practices for pricing and profitability.

Related link: https://www2.optimalblue.com/

MMI launches Refinder mortgage refinance tool to help lenders prepare for expected interest rate decline

SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced a new feature, Refinder, to help lenders uncover refinance opportunities in their database of past borrowers.

Refinder scans a loan officer's portfolio of past loans and identifies potential refinance opportunities based on a loan's current interest rate. The results provide key data points such as predicted monthly savings, cash out potential, current loan-to-value (LTV) and more, enabling lenders to quickly prepare and initiate refinance conversations with the borrower. Refinder also ranks and assesses the identified opportunities from best, good, moderate or low, allowing users to easily prioritize where to begin.

"Providing actionable insights from data is our mission. With interest rates trending downward, we want to do everything we can to help our customers be prepared," said Ben Teerlink, founder and CEO of MMI. "With Refinder, we thought through every detail and scenario to make it easier than ever for lenders to identify refinance opportunities."

With the shifting market comes untapped opportunity in every loan officer's customer database. The Mortgage Banker's Association reports refinance applications are up 85% year-over-year. Refinder gives loan officers a quick way to see which of their previous borrowers are ripe for a refinance. To learn more or schedule a demo, visit https://mmi.io/book-a-demo/.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 450 enterprise customers, including more than half of the top 100 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced a new feature, Refinder, to help lenders uncover refinance opportunities in their database of past borrowers.

Related link: https://mmi.io

TMC Emerging Technology Fund Announces Newest Corporate Partner: Andromeda Division Constellation Software’s Perseus Operating Group

AUSTIN, Texas /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 has secured its first corporate partner, Andromeda. Andromeda is a Division of the Perseus Operating Group, of Constellation Software, Inc. (TSX: CSU; "Constellation"). Constellation is a long-term investor and operator of over a thousand software companies in multiple vertical markets with a cumulative investment of over $10 billion. Andromeda builds, acquires, and invests in financial software companies that provide mission-critical solutions for the mortgage industry.

"We are excited to partner with The Mortgage Collaborative through their Emerging Technology Fund," said Bonnie Wilhelm, Chief Executive Officer at Andromeda. "TMC's deep industry expertise and focus on innovation perfectly aligns with our own commitment to supporting growth in the mortgage technology sector. Together, we can identify and invest in promising companies that are shaping the future of lending."

"We could not be more thrilled to welcome Andromeda to our program. In addition to strengthening our investment capacity, we look forward to closely collaborating with their team and benefitting from their considerable industry experience to help us make smart, strategic investments," commented Sandy Selman, General Partner of the TMC Emerging Technology Fund LP.

About TMC Emerging Technology Fund LP

TMC Emerging Technology Fund LP (the "Fund") is a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals. Its Limited Partners consist of some of the most technology-forward lender members of TMC and help the Fund understand where the industry is headed, what will work, what won't and why. The Fund continues to look for investments in exciting companies that will have the most profound impact on this multi-trillion-dollar industry. For more information, please reach out to info@tmctechfund.com.

About Andromeda

Andromeda is a global investment firm specializing in acquiring and investing in mission-critical software companies. It partners with exceptional entrepreneurs to scale businesses that serve essential needs across a wide range of industries. Andromeda's long-term approach empowers management teams to drive sustainable growth and achieve enduring success. In the mortgage industry, our businesses include Optimal Blue, Dark Matter Technologies, Constellation Mortgage Solutions, Axacore and ReverseVision. Together, our business units work tirelessly to empower lenders on the front lines with innovative solutions designed to lower origination costs in a regulatory-compliant manner. For more information, visit https://www.csiandromeda.com

About The Mortgage Collaborative

The Mortgage Collaborative The Mortgage Collaborative (TMC) is a membership-driven* organization dedicated to empowering mortgage lenders across the United States through networking, education, and advocacy. Our goal is to support the success of our members by fostering an environment of collaboration and innovation. 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 has secured its first corporate partner, Andromeda. Andromeda is a Division of the Perseus Operating Group, of Constellation Software, Inc. (TSX: CSU; "Constellation").

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

MCT Reports a 3% Increase in Mortgage Lock Volume Backed by Increasing Refinance Activity

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

A recent quarter-point drop in conventional 30-year and government 30-year mortgage rates has triggered an increase of 103.19% in refinance activity compared to the previous month. This surge has helped stabilize overall production levels as total volume remains low, especially when compared to 2020 and 2021. Notably, the year-over-year comparison shows a moderate increase of about 21% in total volume, also driven by a dramatic rise in refinances over the previous year.

Industry experts suggest that many lenders may be pricing in the potential rate cuts expected during the upcoming Federal Reserve meeting.

Andrew Rhodes, Senior Director and Head of Trading at MCT, offered insights into the current market landscape: "We could see additional short-term market volatility as the Fed considers a 25 or 50 basis point rate cut. Friday's Nonfarm Payroll Report will provide further clarity on that decision."

Industry professionals and market enthusiasts are encouraged to download the full report from MCT for a comprehensive analysis of these market dynamics.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

For a deeper analysis of these trends, download MCT's full report: https://mct-trading.com/press-release/mct-reports-3-percent-mortgage-lock-volume-increased-refinance-activity/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

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

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

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

ACES Quality Management Executive Vice President of Compliance, Amanda Phillips, Selected to Speak at 2024 ACUMA Annual Conference

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips will be speaking at the American Credit Union Mortgage Association (ACUMA) Annual Conference taking place September 29 through October 2, 2024 at the Bellagio Hotel & Casino in Las Vegas, Nevada.

Phillips will be a panelist in the session, "Track 4: Don't Let Disaster Spell Disaster!," on Wednesday, September 30, at 2:30 p.m. This breakout session will provide strategies for preparing for disaster and climate risks. Phillips will be joined by representatives from Michael Christians Consulting, LLC., Polygon Research, Inc. and Union Home Mortgage. Phillips will speak again the following day, October 1 in the session "Track 2: Examining Examination Trends" beginning at 3:45 p.m.

"We're pleased to be the go-to resource for credit unions to stay current on best practices and changes in compliance requirements. This year's ACUMA attendees will undoubtedly gain a lot of value," said ACES CEO Trevor Gauthier. "Mandy brings a wealth of knowledge and will provide attendees with valuable insights on how to protect the integrity of their member services through comprehensive quality control practices."

Phillips has two decades of experience in the financial services industry, including holding executive roles in legal and regulatory compliance. Prior to joining ACES Quality Management, Phillips was with the law firm Ballard Spahr, LLP, where she advised clients on federal and state regulatory requirements governing mortgage lending, including business processes and practices, software, and mortgage documents.

Visit team ACES at Kiosk 31 to learn how your credit union can leverage a single platform to obtain a holistic view of loan quality, apply compliant checklists, and gain valuable quality insights across both deposit account opening, consumer, and mortgage lending channels. To set up a meeting in advance, email us at sales@acesquality.com.

About ACES Quality Management

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

* Over 70% of the top 20 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 3 of the top 5 credit unions

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

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips will be speaking at the American Credit Union Mortgage Association (ACUMA) Annual Conference taking place September 29 through October 2, 2024 at the Bellagio Hotel & Casino in Las Vegas.

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

LenderLogix’s Patrick O’Brien Recognized as a 2024 HousingWire Vanguard Honoree

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 Co-founder and CEO Patrick O'Brien has been selected by HousingWire as a 2024 Vanguard Award winner.

Since the launch of LenderLogix in 2016, O'Brien has envisioned a meaningful and agile way for lenders to provide borrowers with the digital mortgage experience they desire. Today, that vision has culminated in the company's suite of solutions: LiteSpeed, QuickQual and Fee Chaser. These tools have enabled hundreds of lending organizations to quickly and easily enhance their borrower-facing digital presence without compromising profitability.

"While technology is essential in the mortgage industry, outdated systems often prevent lenders from achieving operational efficiency. That's why we developed simple, automated solutions to bring efficiency to both mortgage lenders and borrowers," said LenderLogix's Patrick O'Brien. "There's nothing more rewarding for our team than seeing lenders' reactions when they discover how these solutions can transform their businesses."

"The HousingWire Vanguards award recognizes the most outstanding executive leaders in mortgage and real estate - executives who make a real impact by driving innovation, setting strategic direction, and steering their organizations toward monumental achievements," said Clayton Collins, CEO of HW Media. "These leaders play a crucial role in shaping the industry's future, with far-reaching impacts on market trends, operational efficiencies, and overall industry success. By leading with vision and decisiveness, HousingWire Vanguards propel their companies toward success and significantly influence the broader landscape of the housing economy."

HousingWire's 2024 Vanguards have led their respective organizations to greatness while overcoming the challenges the housing economy has faced over recent years. These 100 honorees were carefully selected by HousingWire's selection committee for their vital contributions to their companies and their dynamic influence in transforming mortgage and real estate. The complete list of HousingWire Insiders Award winners can be found at www.housingwire.com

About LenderLogix

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

About HousingWire

HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision. Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced Co-founder and CEO Patrick O'Brien has been selected by HousingWire as a 2024 Vanguard Award winner.

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

Dovenmuehle’s Ron Malik Named a 2024 Vanguard by HousingWire Magazine

LAKE ZURICH, Ill. /ScoopCloud/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that HousingWire has selected Ron Malik, Senior Vice President of Default Servicing as a 2024 Vanguard winner. This prestigious award recognizes executives in the housing economy for their outstanding leadership.

Ron Malik played a pivotal role in Dovenmuehle's success, particularly over the past year, where his strategic vision and leadership have driven significant advancements in the company's servicing operations. Under Malik's direction, Dovenmuehle has implemented cutting-edge technology systems and optimized loss mitigation processes, resulting in an 85% reduction in operational costs and a 70% improvement in case review timeframes. His efforts have ensured that Dovenmuehle maintains high compliance standards while enhancing borrower outreach and service satisfaction.

"Ron's dedication to excellence and his ability to navigate the complexities of the housing economy make him a true asset to our organization," said Dovenmuehle Senior Vice President and Chief Financial Officer Glen Braun. "His innovative approach and commitment to improving our servicing processes have profoundly impacted our clients and their borrowers."

Malik's contributions extend beyond Dovenmuehle. He actively participates in industry committees, including the MBA Loss Mitigation Task Force and the Loan Administration Committees, shaping best practices and policies within the housing industry. His dedication to professional excellence and community service is further demonstrated through his involvement with Chicagoland Habitat for Humanity and HOPE NOW.

HousingWire's selection committee carefully selected the 2024 Vanguards based on their vital contributions to their companies and the housing industry.

"The 2024 HousingWire Vanguards represent the pinnacle of leadership in our industry, driving transformative growth within their organizations and setting new standards for excellence," said HousingWire Editor-in-Chief Sarah Wheeler. "These extraordinary leaders embody the innovative spirit and resilience crucial for navigating today's dynamic housing landscape."

About Dovenmuehle

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors, and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae, and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that HousingWire has selected Ron Malik, Senior Vice President of Default Servicing as a 2024 Vanguard winner. This prestigious award recognizes executives in the housing economy for their outstanding leadership.

Related link: https://dovenmuehle.com/

Dark Matter Technologies’ Chief Risk and Information Security Officer Michael Housch Honored with the 2024 HousingWire Vanguards Award

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 that Michael Housch, its chief risk and information security officer (CISO), has been named a 2024 HW Vanguard. The awards program recognizes C-level industry professionals who have become leaders in their respective fields in the housing and mortgage industries.

As CISO at Dark Matter Technology, Michael Housch is Dark Matter's frontline shield for safeguarding its information assets and technology from ever-changing cyber threats and ensuring compliance with regulatory and industry standards. Housch brings 25 years' experience to his role in guiding Dark Matter's information security vision and risk-mitigation strategy at the enterprise level and overseeing a comprehensive DevSecOps program spanning vulnerability management, identity access, cloud architecture, incident response, governance and regulatory audit oversight.

Previously, as CISO at Black Knight, Housch led a team of nearly 100 risk and security professionals in building a robust, world-class security program recognized as the "gold standard" by regulators, servicers and lenders. At Dark Matter, his team has improved upon that success to offer the bank grade security that its customers expect.

Housch draws from his military, educational and corporate experience to mentor young risk and security professionals and empower them to be vocal and active contributors to the company's corporate risk and security programs. He is also a trusted advisor for other Dark Matter teams such as AI, compliance, and legal, allowing him to lend his expertise in heading off security concerns.

"We consider Mike mission-critical to our organization. He is our vanguard, ensuring our sensitive data stays buttoned up tight in a world where security is of critical importance," said Dark Matter CEO Rich Gagliano. "His authentic leadership fosters trust at all levels and creates an example for others to follow. We are fortunate and grateful to have him on the team."

A member of the Forbes Technology Council, Housch was recently named to CISOs Connect's 2024 list of the top 100 CISOs in North America for his role at Dark Matter and contributions to the cybersecurity community at large.

The complete list of HW Vanguard winners can be viewed on the HousingWire website.

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: #fintech #mortgage @HousingWire @dmattertech #2024HWVanguards

Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Michael Housch, its chief risk and information security officer (CISO), has been named a 2024 HW Vanguard. The awards program recognizes C-level industry professionals who have become leaders in their respective fields in the housing and mortgage industries.

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

Argyle’s Brian Geary honored with HousingWire’s 2024 Vanguard Award

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, today announced its Chief Operating Officer Brian Geary has been honored with the 2024 HousingWire Vanguard Award. The award recognizes executives and business leaders in housing and mortgage finance whose leadership drives the market forward.

Argyle's strategic partnerships have been a focus for Geary since he joined Argyle in 2022. In the last year alone, Geary has overseen the completion or expansion of Argyle's integrations with Encompass(r) by ICE Mortgage Technology and the Empower LOS(r) from Dark Matter Technologies; Mastercard's Open Banking platform; and the nCino Mortgage point-of-sale platform. His efforts helped Argyle become the first consumer-permissioned verifications platform named an authorized supplier for Fannie Mae's Desktop Underwriter(r) validation service and gain status as an approved third-party service provider supporting Freddie Mac's Loan Product Advisor(r) asset and income modeler.

Geary has also prioritized helping lenders maximize the value they derive from Argyle. Over the last 12 months, Argyle has completed over 3.1 million verifications while delivering documented results that include 60-80% cost savings, 55% conversion rates and shaving up to 5-7 days off processing times. During that same timeframe, more than 75 new mortgage customers have selected Argyle as their verification of income and employment (VOIE) provider, including 15 of the nation's top 100 lenders by volume.

"Being at the vanguard of innovation means more than just developing new technology; it's about ensuring your solutions resonate with the people who use them," Geary said. "This recognition validates Argyle's focus on the human side of digital transformation, and we will continue to put the needs of people - our customers, our partners and our team members - at the center of everything we do."

"The HousingWire Vanguards award recognizes the most outstanding executive leaders in mortgage and real estate-executives who make a real impact by driving innovation, setting strategic direction, and steering their organizations toward monumental achievements," said Clayton Collins, CEO of HW Media. "HousingWire Vanguards propel their companies toward success and significantly influence the broader landscape of the housing economy."

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(r) validation service and an approved service provider supporting Freddie Mac's Loan Product Advisor(r) 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 60-80% 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 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 @HousingWire #fintech #verification #mortgage #mortgaglending #lending

Brand Assets: https://brand.argyle.com/downloads#logo

Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced its Chief Operating Officer Brian Geary has been honored with the 2024 HousingWire Vanguard Award. The award recognizes executives and business leaders in housing and mortgage finance whose leadership drives the market forward.

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

The Mortgage Collaborative Participates in FHFA 2024 TechSprint Showcasing Innovative Generative AI Solutions for Housing Challenges

WASHINGTON, D.C. /ScoopCloud/ -- Represented by its president and COO, Melissa Langdale, The Mortgage Collaborative's (TMC) "Open Angels" team were among the notable solutions recognized for their impact and potential at The Federal Housing Finance Agency (FHFA)-hosted Velocity TechSprint, spotlighting the transformative potential of generative AI in addressing the current housing market's pressing challenges.

TMC's supported entry, Domino.AI, earned Most Promising Use Case for Consumer Experience. An innovative app designed to streamline the multifamily renting process. Domino.AI offers a personalized readiness rating by integrating credit reports and background checks, enabling renters to connect seamlessly with property managers.

"FHFA's 2024 TechSprint highlighted the immense potential of generative AI to drive innovation in housing, offering valuable insights and actionable roadmaps for industry players," said Melissa Langdale, TMC president and COO. "As AI continues to evolve, these cutting-edge solutions could play a pivotal role in addressing the affordability and operational challenges facing renters and homebuyers today."

"The Mortgage Collaborative understands the role played by a robust housing continuum that meets America's need for rental-through-ownership solutions," she added. "We applaud our supported entry, Domino.AI, and FHFA for its leadership in housing innovation through AI."

FHFA's TechSprint was an in-person, team-driven event focused on responsible generative AI use in housing finance. Over three days, participants collaborated in teams to tackle the question, "How might the responsible use of generative AI promote a transparent, fair, equitable, and inclusive housing finance system while fostering sustainable homeownership and rental opportunities?"

Twelve teams presented their solutions to a panel of technology, regulation, and housing experts. The use cases were organized around four focus areas in which one team could win per category:

* Consumer experience

* Assessing creditworthiness

* Operations and risk management

* Compliance

OTHER SPRINT DAY WINNERS INCLUDED:

Homeowners Assistance Model (HAM) - Most Promising Use Case for Assessing Creditworthiness HAM focuses on early intervention for distressed borrowers, providing a structured review and intervention plan to support homeowners before they reach critical delinquency stages.

Fraud Detection Tool - Most Promising Use of Gen AI for Operations This solution leverages AI to detect and combat fraud in multifamily operations, enhancing the speed and accuracy of fraud detection.

ADA Comply - Most Promising Use of Gen AI for Risk and Compliance ADA Comply uses image assessment to ensure multifamily units meet ADA compliance standards, offering visual before-and-after comparisons and cost estimates for necessary adjustments.

About FHFA: The Federal Housing Finance Agency (FHFA) is an independent federal agency responsible for regulating and supervising Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHFA's mission is to ensure that these institutions operate in a safe and sound manner, supporting a stable and affordable housing finance system.

About The Mortgage Collaborative: The Mortgage Collaborative (TMC) is a membership-driven* organization dedicated to empowering mortgage lenders across the United States through networking, education, and advocacy. Our goal is to support the success of our members by fostering an environment of collaboration and innovation. For more information, visit https://www.mortgagecollaborative.com/.

Represented by its president and COO, Melissa Langdale, The Mortgage Collaborative's (TMC) "Open Angels" team were among the notable solutions recognized for their impact and potential at The Federal Housing Finance Agency (FHFA)-hosted Velocity TechSprint, spotlighting the transformative potential of generative AI in addressing the current housing market's pressing challenges.

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

MMI ranks No. 22 on Utah Fast 50 list of fastest-growing companies

SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it ranks No. 22 on the 2024 Utah Business list of fastest-growing companies in the state. This marks MMI's third consecutive appearance on the list.

MMI has assembled the industry's most comprehensive real estate and mortgage transaction database - 1.3 terabytes of transaction data and more than 106 million rows of data entries - all meticulously crafted to create a data intelligence platform that delivers actionable insights. MMI helps lenders, title companies and others in the housing industry identify and expand their partner networks and support their business objectives. In 2023, LOs using MMI produced 1.9X the volume of their peers, a 5-million-dollar difference.

"It's incredibly fulfilling to play a role in the vibrant and ever-growing business landscape of our home-base state," said Ben Teerlink, founder and CEO of MMI. "Being recognized on the Utah Fast 50 list is not just an acknowledgment of our company's growth but also a testament to the hard work and dedication of our entire team. It's an honor to stand alongside other innovative companies that are driving economic progress and making a lasting impact in Utah. This recognition inspires us to continue pushing the boundaries of what we can achieve together."

Fast 50 companies are established companies selected based on a combination of revenue growth and total revenue and are vetted by Squire and Co. for financial accuracy. They are ranked in order of 2023 growth and must have been in business for at least two years.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 450 enterprise customers, including more than half of the top 100 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it ranks No. 22 on the 2024 Utah Business list of fastest-growing companies in the state. This marks MMI's third consecutive appearance on the list.

Related link: https://mmi.io

FormFree named TAG ADVANCE Award Winner

ATHENS, Ga. /ScoopCloud/ -- FormFree®, a leader in financial technology since 2007, has been named a 2024 ADVANCE Award winner by The Technology Association of Georgia (TAG). Part of the Fintech South conference, the ADVANCE Awards program recognizes innovative U.S. fintech companies with a strong connection to Georgia.

This marks the first ADVANCE Award win for FormFree, which is based in Athens, Ga. FormFree was recognized for its innovative new solution, Residual Income Knowledge Index (RIKI).

FormFree is transforming how consumers and their lenders understand their ability to pay with its RIKI. When paired with traditional credit scoring models, RIKI offers lenders a more complete understanding of consumers' creditworthiness and creates homeownership opportunities for those with little to no credit history.

"The ADVANCE Awards is the only program recognizing established companies that develop technology to improve our lives or create greater efficiencies through better fintech," said Scott Mills, president of William Mills Agency, and co-chair of the awards program. "We received incredible responses from applicants for this year, and the judges had a daunting task reviewing the nominations to select our 2024 finalists."

RIKI is one component of FormFree's Passport app, which provides a holistic picture of a consumer's ability to pay (ATP®️). With Passport's instant, direct-source, consumer-permissioned data insights, financial institutions can identify qualified borrowers from the first sign of intent.

"It's an honor to be recognized as one of the top fintech firms in Georgia," said FormFree Founder and CEO Brent Chandler. "Since the beginning, FormFree has strived to be a beacon of innovation and our flagship products, Passport and RIKI are certainly leading the way in lending technology."

To learn more about the ADVANCE Awards and see the full list of award finalists and winners, please visit www.fintechsouth.com.

About FormFree®

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport app, consumers can share all the core financial data required by loan underwriters - including identity, assets, income, employment, credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

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

FormFree®, a leader in financial technology since 2007, has been named a 2024 ADVANCE Award winner by The Technology Association of Georgia (TAG). Part of the Fintech South conference, the ADVANCE Awards program recognizes innovative U.S. fintech companies with a strong connection to Georgia.

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

ACES Quality Management Executives Selected to Speak at 2024 Mortgage Bankers Association Risk Management Conference and Expo

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips and Executive Vice President of Operations, Sharon Reichhardt will speak at the 2024 Mortgage Bankers Association (MBA) Risk Management Conference taking place September 22-24, 2024, at the Grand Hyatt in Washington, DC. As a corporate Platinum Sponsor, ACES CEO Trevor Gauthier will also take the stage on Monday, Sept. 23 at 8:30 a.m. ET to introduce panelists for the "Opening General Session: Washington Update."

"Improving loan quality and compliance should be a top initiative for every lender. We're honored to be the mortgage industry's resource for staying current on best practices and changes in quality control and compliance requirements," Gauthier said. "Sharon and Mandy possess immense knowledge in their respective arenas, and I am confident they will provide this year's attendees with tactical strategies for safeguarding the integrity of their originations through robust quality control practices."

Phillips will be a panelist on the "QA Strategies for Today's Market" session on Monday, Sept. 23, at 3:15 p.m. ET, which will "examine the latest strategies to succeed in today's high-interest rate purchase environment while mitigating inherent risks." Representatives from Planet Home Lending, Falcon Capital Advisors, PrimeLending and Fannie Mae will join Phillips on the panel.

Reichhardt is slated to speak on Monday, Sept. 23, at the "New Business Models for Managing Mortgage Risk and Fraud Prevention in the Post-Pandemic World" session at 4:30 pm ET. This session will cover the many aspects of the mortgage business that have changed since the pandemic and the necessities of today's risk management.

To learn more, contact the ACES team to set up a meeting at sales@acesquality.com.

About ACES Quality Management

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

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 banks; and

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

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

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips and Executive Vice President of Operations, Sharon Reichhardt will speak at the 2024 Mortgage Bankers Association (MBA) Risk Management Conference taking place September 22-24, 2024, at the Grand Hyatt in Washington, DC.

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

iEmergent’s Redlining Roundtable will teach lenders to identify and prevent mortgage redlining while seizing the business opportunity of equitable lending

DES MOINES, Iowa /ScoopCloud/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, will host a webinar on mortgage redlining on Thursday, September 19, from 2 p.m. to 4 p.m. ET. "Redlining Roundtable: Don't Just Dodge Risk, Capture Opportunity" will bring together experts from across the housing finance industry to discuss the high price of modern-day mortgage redlining, the strategies lenders can use to identify and prevent unintentional discrimination, and the long-term value mortgage lenders can build through fair and equitable lending practices.

Mortgage redlining excludes minority and economically at-risk groups. Whether intentional or not, redlining can lead to significant legal penalties for lenders, with some enforcement actions resulting in multi-million dollar settlements. The opportunity cost of exclusionary lending practices is even greater, with industry forecasts anticipating that most future mortgage growth will come from majority-minority census tracts (MMCTs) and BIPOC communities.

Hosted by iEmergent, the September 19 event will feature input from a diverse array of subject-matter experts, including:

* Latonia Donaldson, National Director of Multicultural Lending, PrimeLending

* Nikki Bialka, National Community Lending Strategy Manager, Fifth Third Bank

* Tony Thompson, CMB, Founder and CEO, National Association of Minority Mortgage Bankers of America (NAMMBA)

* Olivia Kelman, Partner, Mitchell Sandler PLLC

* Geoff Cooper, Vice President of Product Development, MGIC

* Laird Nossuli, CEO, iEmergent

"Redlining practices can saddle lenders with stiff penalties, but their real cost is the lost business opportunity they represent," said Nossuli. "Lenders who effectively serve the financing needs of diverse households have better long-term growth outcomes and help build better communities. In our upcoming roundtable, we'll quantify that competitive advantage and show lenders how to seize it."

To register for iEmergent's Redlining Roundtable on September 19 from 2 p.m. to 4 p.m. ET, visit https://www.iemergent.com/redlining-roundtable/.

Attendees will earn points toward their Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association (MBA).

About iEmergent

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, will host a webinar on mortgage redlining on Thursday, September 19, from 2 p.m. to 4 p.m. ET. "Redlining Roundtable: Don't Just Dodge Risk, Capture Opportunity" will bring together experts from across the housing finance industry to discuss the high price of modern-day mortgage redlining, the strategies lenders can use to identify and prevent unintentional discrimination, and the long-term value mortgage lenders can build through fair and equitable lending practices.

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

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/

Informative Research Appoints Industry Leader Steve Schulz as Executive Vice President, Product Management

ST. LOUIS, Mo. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the appointment of Steve Schulz as the new executive vice president of product management. This strategic addition highlights Informative Research's commitment to driving innovation and enhancing its product offerings to better serve its clients.

In this role, Schulz will lead the vision, strategy and innovation methodologies to introduce disruptive ideas, improve existing products and processes, and foster a culture of innovation. He will share P&L responsibility for the existing solution portfolio and will be accountable for the success of new product launches and enhancements. Schulz will also collaborate closely with the executive leadership team to design and implement business strategies that drive revenue and profitability goals, further solidifying Informative Research's position in the industry.

"Steve's extensive experience in product management and strategic leadership is a perfect fit for Informative Research as we continue to innovate and develop our offerings," said Informative Research Chief Innovation Officer Scott Horn. "His track record of success in launching and managing cutting-edge solutions will be instrumental in guiding our product strategy and driving growth."

Schulz brings more than 20 years of experience in information services, sales, product management and marketing, with a proven product innovation and strategic planning history. In his most recent role, he served as vice president of enterprise accounts at a global data & analytics company, leading a team that delivered significant revenue growth and achieved high client retention. His expertise in employment and income verification, process automation and fraud mitigation SaaS solutions has been a cornerstone of his career, making him well-suited to oversee Informative Research's credit, verification and fraud platforms.

"It's a privilege to join Informative Research at such a dynamic time in the industry," said Schulz. "Informative Research is known for its pioneering solutions and unwavering commitment to improving the borrower experience. I look forward to collaborating with the talented team here on the next generation of products that meet the evolving needs of our clients and partners."

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 mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com.

Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the appointment of Steve Schulz as the new executive vice president of product management. This strategic addition highlights Informative Research's commitment to driving innovation and enhancing its product offerings to better serve its clients.

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

Argyle is now an approved service provider supporting Freddie Mac’s AIM

NEW YORK CITY, N.Y. /ScoopCloud/ -- Argyle, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac's Loan Product Advisor® (LPA℠) asset and income modeler (AIM), a solution that simplifies the mortgage underwriting process for lenders. Argyle's verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5-7 days per loan and 60-80% in costs compared to legacy VOIE providers.

* GSE-Approved: Argyle is now an approved service provider for Freddie Mac's LPA AIM, in addition to being an authorized report supplier for Fannie Mae's Desktop Underwriter®.

* Cost and Time Savings: Lenders using Argyle for VOIE can save 5-7 days per loan and 60-80% in costs compared to legacy providers.

* Improved Loan Quality: Lenders can now submit their Argyle reference number to LPA for immediate assessment of eligibility for representation and warranty relief.

* Timely Solution: The integration addresses increasing origination costs and helps maintain lender margins.

Effective immediately, lenders using Argyle's verification services will be eligible for automatic assessment of income and employment, including 10-day pre-closing verifications, through AIM. By submitting Argyle's reference number to LPA, lenders can receive an immediate assessment of eligibility for representation and warranty relief for the income calculation and accuracy and integrity of the data.

"Argyle is proud to collaborate with Freddie Mac to offer a comprehensive and efficient industry-leading solution for income and employment verification," said Argyle COO Brian Geary. "By automatically retrieving income data from a borrower's payroll accounts, our platform helps lenders close high-quality loans more quickly while reducing origination costs and improving loan quality. This solution is timely, especially as the industry faces increasing origination costs that erode already razor-thin margins."

"Our latest research shows the cost to originate has increased 35% since 2021. When lenders maximize LPA's digital capabilities like AIM, they can save $1,500 per loan," said Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. "We're excited to welcome Argyle as a service provider supporting AIM, so we can help lenders drive down costs through digital innovation."

For more information about Argyle's integrations with automated underwriting systems (AUS), visit https://www.argyle.com/blog/freddie-mac-aim-provider/.

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 at 60-80% 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 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 @FreddieMac #fintech #financialservices #innovation #mortgage #mortgagelending

Brand Assets: https://brand.argyle.com/downloads#logo

Argyle, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac's Loan Product Advisor® (LPA℠) asset and income modeler (AIM), a solution that simplifies the mortgage underwriting process for lenders. Argyle's verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5-7 days per loan and 60-80% in costs compared to legacy VOIE providers.

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

Informative Research Unveils Enhancements to Its Suite of Mortgage Portfolio Monitoring Alerts

GARDEN GROVE, Calif. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the launch of new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions. These advanced alerts offer sophisticated monitoring capabilities, enrich lenders' portfolio monitoring and borrower engagement strategies and solidify Informative Research as a data solutions leader in the mortgage industry.

"Fast and accurate information is power in today's market, especially when it comes to borrower retention," said Informative Research EVP Shannon Santos. "These new alert types are innovative, time sensitive and highly adaptable, offering significant value to our clients by empowering them to proactively engage with borrowers and recapture as much of their existing business as possible."

One of the most significant additions is the PMI removal alert, which notifies the lender when their borrower's equity position reaches the appropriate level to eliminate PMI and ultimately reduce the borrower's monthly mortgage payment. Other newly introduced alert types include:

* Rate watch, which notifies when the rate changes by a specified threshold;

* Early payoff warning;

* Equity watch alerts for changes in a borrower's equity position; and

* MLS alerts for properties listed as active on the MLS.

The new alerts can be seamlessly integrated into existing systems for daily updates to loan officers, allowing for proactive outreach to existing borrowers. Informative Research's advanced suppression logic ensures a seamless borrower experience by preventing duplicate alerts.

"In light of recent regulatory changes and market demands, Informative Research's introduction of these new alert types represents a significant advancement in mortgage portfolio monitoring technology," Santos added. "As a leader in data products, Informative Research continues to set the standard in the industry, enabling our clients to stay ahead of the curve and maintain a competitive edge."

These enhancements are aligned with the four key pillars of Informative Research Data Solutions: Customer Acquisition, Risk and Retention, Upsell/Cross-sell and Custom Data Analytics. This strategic focus underscores Informative Research Data Solutions' commitment to excellence and leadership in the data solution space. It ensures that lenders can effectively attract new customers, manage risk, retain existing clients and utilize data analytics for upselling and cross-selling opportunities, thereby driving growth and innovation.

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 mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com.

Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the launch of new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions. These advanced alerts offer sophisticated monitoring capabilities, enrich lenders' portfolio monitoring and borrower engagement strategies and solidify Informative Research as a data solutions leader in the mortgage industry.

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

Teal Makes the Inc. 5000, at No. 2093, for the 6th Time

WASHINGTON, D.C. /ScoopCloud/ -- Inc. revealed today that Teal ranks No. 2093 with a three-year revenue growth of 251% on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment-its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.

"Receiving this recognition from Inc. is an incredible honor," said Don Sauer, CEO and Cofounder of Teal. "Our continued success on the Inc. 5000 list is a direct result of the dedication and expertise of our highly-trained staff. We couldn't achieve recognition like this without their commitment to excellence and the trust our clients place in us every day."

The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year's Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.

"One of the greatest joys of my job is going through the Inc. 5000 list," says Mike Hofman, who recently joined Inc. as editor-in-chief. "To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year's honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce."

"Navigating economic disruption has strengthened our resolve and sharpened our focus," said Sauer. "It's driven us to double down on our commitment to our clients. And our ability to uphold our exceptional technology standards and deliver on our obsessive service promise, even in tough times, is a testament to the resilience and dedication of our team."

For more information on Teal's Inc 5000 2024 ranking, please contact Brittany Watson at (703) 740-8797 or email at brittany.watson@tealtech.com.

About Teal

Teal provides exceptional managed IT solutions for small- to medium-sized organizations that value real partnerships and elevated security - strategically accelerating their partner's growth and protecting them from evolving digital threats. With over two decades of experience, Teal enriches lives by delivering obsessive services, prioritizing integrated cybersecurity, and investing in their staff.

Small business leaders deserve to optimize their technology investments and empower their teams with an award-winning partner who genuinely cares about their success. Visit the website for information on Teal's services or follow @TealMSP on LinkedIn, YouTube, Facebook, and X.

More about Inc. and the Inc. 5000

Methodology

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.

Inc. revealed today that Teal ranks No. 2093 with a three-year revenue growth of 251% on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment-its independent, entrepreneurial businesses.

Related link: https://tealtech.com/

Accountable CRM Launches First Activity-Based Platform for Mortgage Teams

AUSTIN, Texas /ScoopCloud/ -- 90-Day Sales Manager proudly launches the first activity-based CRM with built-in coaching and accountability for mortgage teams at credit unions and community banks. The 3-in-1 platform provides mortgage departments an affordable solution to help loan officers stay productive during challenging times.

"Accountable CRM was born out of necessity," says Dr. Bruce Lund, Founder and CEO. "We initially sought to integrate our accountability software into existing CRMs for our credit union clients. However, we quickly discovered that many mortgage departments either lacked a dedicated mortgage CRM or rely on organizational CRMs that don't meet the needs of their mortgage departments. Accountable can plug into existing CRMs or serve as a standalone mortgage-specific CRM."

The core focus at Accountable CRM is centered around improving productivity by placing loan officers back at the heart of their CRM through daily activities and goal-setting. The platform has already achieved a 90% adoption rate-significantly outpacing the industry average of less than 20%. Sales managers are particularly drawn to the platform's activity tracking capabilities, which provide measurable results.

Mortgage-Specific CRM Features

Once the accountability tools were established, the next critical step was to develop mortgage-specific features and integrations. To lead this initiative, Dr. Lund brought on board Maggie Mae, a former Director of Product at a leading mortgage CRM, renowned for her expertise in CRM development and her deep understanding of the mortgage industry.

"Maggie's impressive track record in CRM development and her comprehensive understanding of mortgage processes made this platform the perfect playground for her expertise," says Dr. Lund. "With her insights, we've built a platform that not only fulfills all the expectations of a mortgage CRM but also integrates our unique accountability software to truly set us apart."

Accountable CRM includes a host of essential functionalities such as seamless Loan Origination System (LOS) integrations, automated email marketing, and a comprehensive mortgage marketing suite with hundreds of templates. The marketing suite offers one-click access to company-branded flyers, postcards, social posts, and more-all approved and managed by the marketing department. Additionally, the platform's mobile app ensures loan officers remain productive, whether in the office or on the go.

"Accountable CRM's emphasis on activity tracking and its commitment to supporting loan officers resonated deeply with me," adds Maggie Mae, Chief of Product. "The software is built on new technology which allows for continuous innovation and seamless integration with industry standards, making this software truly unique in the mortgage CRM space."

A Preferred Solution for Managers and Loan Officers

What truly distinguishes Accountable CRM from traditional CRMs is its focus on the daily activities of loan officers. While many CRMs prioritize internal marketing efforts, Accountable bridges the gap by collaborating closely with marketing teams to ensure that loan officers have the tools and support needed to succeed. This approach boosts productivity but also aligns sales and marketing efforts to drive better outcomes for the entire organization.

Setup your demo by emailing info@90daysales.com or visit https://www.accountablecrm.com/.

90-Day Sales Manager proudly launches the first activity-based CRM with built-in coaching and accountability for mortgage teams at credit unions and community banks. The 3-in-1 platform provides mortgage departments an affordable solution to help loan officers stay productive during challenging times.

Related link: https://90daysales.com/

July Refinance Activity Hits Highest Levels Since September 2022

PLANO, Texas /ScoopCloud/ -- Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.

"The July report shows a notable uptick in refinance activity, particularly rate-and-term refinances, which jumped 12% as borrowers responded to declining interest rates," said Brennan O'Connell, director of data solutions at Optimal Blue. "The drop in the Optimal Blue Mortgage Market Indices 30-year conforming rate to 6.67% played a significant role in this growth, and we observed the highest level of refinance activity since September 2022."

Key findings from the Market Advantage report, which are drawn from direct-source mortgage lock data, are:

* Increase in rate lock volume: Overall rate lock volume rose by 3.5% MoM, with purchase activity up 2.5% and refinance activity showing even stronger growth. Cash-out refinance volume grew by 5.9% MoM, while rate-and-term refinance activity surged 12.3%, reflecting borrower sensitivity to lower rates.

* Purchase lock count growth: Purchase lock counts grew by 2.5% MoM in July, though they remained down 7% year-over-year (YoY). This is a significant improvement over June's 17% YoY decline, suggesting a potential stabilization in purchase demand as the market adjusts.

* Refinance activity surge: Refinance activity reached its highest level since September 2022, with the refinance share growing to 17% of total volume - an 81-basis-point increase from June and a 472-basis-point rise YoY. This aligns with trends in the OBMMI 30-year conforming rate, which ended July 2024 at 6.67%, nearly identical to the 6.68% rate that closed out September in 2022.

* Rate and treasury movements: The OBMMI 30-year conforming rate ended July at 6.67%, down 26 basis points from June. Meanwhile, the 10-year Treasury yield dropped by 27 basis points to 4.09%. The spread between the 30-year conforming rate and the 10-year Treasury remained stable at 258 basis points, an uptick of just 1 basis point.

* Shift in loan mix: The loan mix in July shifted toward agency production. Conforming loans increased market share to 56.1% (+18 bps), FHA loans grew to 19.0% (+61 bps), and VA loans rose to 11.9% (+22 bps). Conversely, non-conforming loans, including jumbo and non-QM, saw a decline in market share, falling to 12.4% (-107 bps).

* Decrease in average loan amount: The average loan amount decreased from $374K in June to $369K in July, reflecting the shift away from non-conforming loan types.

* Stable credit quality: Credit scores remained stable, with the average score holding steady at 732.

The full July 2024 Market Advantage report provides more detailed findings and additional insights into U.S. mortgage market trends (PDF): https://www2.optimalblue.com/wp-content/uploads/2024/08/OB_MarketAdvantage_MortgageDataReport_July2024.pdf.

About the Market Advantage Report:

Formerly known as the Originations Market Monitor, Optimal Blue issues the Market Advantage mortgage data report each month to provide early insight into U.S. mortgage trends. Leveraging lender rate lock data from the Optimal Blue PPE - the mortgage industry's most widely used product, pricing, and eligibility engine - the Market Advantage provides a view of early-stage origination activity. Unlike self-reported survey data, mortgage lock data is direct-source data that accurately reflects the in-process loans in lenders' pipelines.

Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.

Related link: https://www2.optimalblue.com/

Patented Technology Allows Mortgage Buyers to Transact with Any Seller on MCT Marketplace

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that the company has been awarded a patent for the security spread commitment used in the industry's largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices. Loan buyers and sellers use the security spread commitment to transact before counterparty approval, vastly increasing liquidity while giving sellers confidence in the price execution of new buyers.

"For decades industry players have imagined a time when buying a loan would be as easy as buying an item on eBay," said Phil Rasori, MCT COO and architect of the security spread commitment. "Arduous counterparty approval processes always blocked the way - but no longer. By committing to a price spread against the underlying security, buyers and sellers can confidently transact before undertaking mutual approvals. We're tremendously proud this innovation has been recognized by the U.S. Patent Office."

Through security spread commitments, any interested buyer on MCT Marketplace can make an executable bid on any mortgage loan up for auction. In the case of a buyer winning an auction from a new counterparty, the price is converted to a security spread against a mutually agreed security price. The price of this security continues to move with the market while mutual approvals are completed, routinely expediting the process from months to an average of five days. Following approval, the security spread is converted back to a fixed price and the transaction is completed. Through tools like the security spread commitment and MCT's AutoBid bid tape pricer, investors are efficiently bidding more loan collateral than ever before, and sellers are finding best execution and liquidity that would otherwise be missed.

"Gone are the days of a finite set of approved investors, not knowing who has an axe and incomplete information on who may offer the best price," said Curtis Richins, president and CEO at MCT. "MCT Marketplace is the only loan exchange where sellers can receive executable bids from unapproved buyers. Through our patented security spread commitment, MCT firmly holds its position as the gold standard in best execution and moves one step closer to the ultimate goal - when every loan can be priced by every investor."

Use cases for this groundbreaking methodology extend beyond standard whole loan trades. Security spread commitments can also be leveraged to facilitate transactions on open loans that are still being hedged in a lender's pipeline. Buyers with specific collateral targets to fulfill, such as CRA, AMI, and other specified pool obligations, can make early offers on loans in a lender's pipeline via security spread commitments.

Mortgage market participants interested in learning more about the impact that innovative loan sale practices may have on their business are encouraged to read the whitepaper, "Why Your Loan Sale Process is Holding You Back" - https://mct-trading.com/whitepaper/why-your-loan-sale-process-is-holding-you-back/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

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

Related Links:

https://mct-trading.com/software/marketplace/

https://mct-trading.com/investor-services/#autobid

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that the company has been awarded a patent for the security spread commitment used in the industry's largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices.

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

ACES Quality Management EVP of Compliance Amanda Phillips Selected as a 2024 Insider by HousingWire Magazine

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has announced its Executive Vice President (EVP) of Compliance Amanda Phillips has been named a 2024 Insider in HousingWire Magazine's annual award program.

With more than a decade of experience, Phillips leads a team of compliance experts responsible for updating the ACES Compliance NewsHub, a free online repository delivering the latest financial credit and compliance news. Last year, Amanda's team completed:

* 272 regulatory publication reviews;

* 415 news articles for the ACES Compliance NewsHub; and

* 147 compliance calendar items and notifications for ACES users.

Most recently, Phillips led the compliance efforts in developing ACES PROTECT®, an a la carte suite of automated federal and state regulatory compliance tests available within the ACES platform. Phillips' efforts have expanded ACES customers' auditing capacity by increasing audit speeds by over 50% and improving revenue retention through greater visibility across multiple lines of business.

Phillips and the compliance team also manage a complex set of questionnaires covering the eligibility and regulatory compliance for mortgage lending and servicing, along with multiple specialty questionnaires for consumer lending, call monitoring, the Home Mortgage Disclosure Act (HMDA), fraud and more. Last year, Amanda and the team expanded the ACES Managed Questionnaires to include state-level compliance questions. In 2023, the compliance team made 9,131 additions and edits to ACES Managed Questionnaires. Phillips is also a regular speaker on compliance and regulatory issues for CUNA, ACUMA and MBA workshops and the ACES QC Now Webinar Series.

"Mandy is a key contributor to the ACES team and so deserving of this spotlight. Regardless of the forum, she is always committed to providing the industry with valuable and up-to-date content on current and upcoming regulatory requirements," said ACES CEO Trevor Gauthier. "Mandy's leadership and compliance expertise is the grease to ACES' wheels of making continual updates and improvements to our platform. From the small lender in a singular state to enterprise level, ACES Quality Control is able to serve a variety of professionals with Mandy's compliance expertise and leadership."

"The HousingWire Insiders honorees are the operational leaders who are the backbones of their organizations - driving innovation and efficiency and creating opportunities for their organizations," said Clayton Collins, CEO of HW Media. "By improving user experiences, identifying market opportunities, and developing efficient processes, these outstanding individuals are propelling their organizations toward sustained growth and excellence."

The 2024 Insiders have been carefully selected by HousingWire's selection committee based on their vital and dynamic contributions to their companies and the industry as a whole. This year, 70 operational leaders in housing who are working behind the scenes to drive their companies and clients forward were selected. To view the complete list of 2024 HousingWire Insiders recipients, visit https://housingwire.com.

About ACES Quality Management

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

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

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

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

About HousingWire

HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision.

Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has announced its Executive Vice President (EVP) of Compliance Amanda Phillips has been named a 2024 Insider in HousingWire Magazine's annual award program.

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

MCT Reports a 6% Mortgage Lock Volume Decrease in Latest Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Mortgage lock volume over the past eight weeks has continued to trend downward. This trend is consistent with a decrease in supply as we progress through the summer.

Looking ahead, the trend is expected to continue into the next month. Even as rates gradually decrease, many potential buyers may be holding off in anticipation of potentially better rates later in the year.

Additionally, a potential September rate cut has already been priced into the market, suggesting that if the Federal Reserve does cut rates in their September meeting, it may have little effect on mortgage rates.

Andrew Rhodes, Senior Director, Head of Trading at MCT, states, "Today's Nonfarm payroll report came in below expectations along with a higher than expected unemployment rate. If this trend continues, it is looking very likely the Federal Reserve will cut rates in their September meetings."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

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

Download the Complete Report at: https://mct-trading.com/press-release/mct-reports-a-6-percent-mortgage-lock-volume-decrease-in-latest-indices-report/

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/24-0802-s2p-mct-chart-300dpi.jpg

Image caption: Lock Volume for July by Transaction Type.

MCT Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

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

Dovenmuehle’s Patricia McCarthy named a 2024 Insider in HousingWire Magazine’s annual award program

LAKE ZURICH, Ill. /ScoopCloud/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Vice President of the Escrow Department Patricia McCarthy was selected by HousingWire magazine for its annual Insiders awards program.

McCarthy's leadership and contributions to Dovenmuehle over the last two years led to her selection. As Vice President of the Escrow Department, McCarthy has implemented the Loss Draft Notification system, significantly streamlining customer interactions and operational processes. This innovative system allows homeowners to submit claims online, receive in-app notifications and access information on their claims, enhancing customer convenience and satisfaction. It also provides lenders with timely status updates on outstanding claims, improving overall efficiency.

"Patricia has been instrumental in Dovenmuehle's success. Her ability to foster direct client interactions, implement innovative solutions and adapt to industry challenges exemplifies her dedication to excellence," said Dovenmuehle Senior Vice President and Chief Financial Officer Glen Braun. "Her proactive leadership, particularly during crises like the Colorado wildfires, and her commitment to personalized support highlight her as deserving of this recognition by HousingWire."

McCarthy has played a pivotal role in enhancing Dovenmuehle's service delivery through continuous client feedback and data analysis. Her proactive approach includes daily calls with clients and leveraging JIRA system data to drive improvements. Patricia's hands-on leadership and high-touch approach have built strong client relationships, ensuring timely assistance and resolution, particularly in times of crisis. Her efforts have increased operational efficiency and significantly boosted customer satisfaction and trust.

HousingWire's selection committee carefully selected the 2024 Insiders based on their vital and dynamic contributions to their companies and the industry.

"We are thrilled to announce the 2024 HousingWire Insiders, celebrating the intrapreneurs and operational leaders who tirelessly drive their organizations to new heights," said HousingWire Editor in Chief Sarah Wheeler. "Over the past nine years, this award has highlighted the exceptional achievements of thousands of Insider honorees whose behind-the-scenes dedication and expertise have profoundly shaped the housing industry."

About Dovenmuehle

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors, and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae, and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

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 more than 125,000 newsletter subscribers daily, one million unique visitors each month and has more than 6,000 members and event attendees. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Vice President of the Escrow Department Patricia McCarthy was selected by HousingWire magazine for its annual Insiders awards program.

Related link: https://dovenmuehle.com/

Informative Research’s Penny Gonzalez Named 2024 HousingWire Insider

IRVINE, Calif. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Penny Gonzalez, Vice President of Business Process, has been selected by HousingWire magazine for its annual Insiders awards program.

Gonzalez' recognition highlights her exceptional leadership and significant contributions to Informative Research. Her hands-on approach to client management and her strategic insights have ensured the seamless delivery of services, positioning Informative Research as a trusted partner in the industry.

"Penny's unwavering commitment to operational excellence and her ability to optimize resources while maintaining high service standards during periods of increased volume truly set her apart," said Patrick Buckner, COO. "Her leadership in process reengineering and proactive problem-solving skills reflect her dedication to enhancing our capabilities and inspiring those around her."

Over the past year, Gonzalez has led several critical projects, including a major process reengineering initiative focused on improving the company's credit supplement operations. Her strategic insights and implementation prowess resulted in a substantial increase in productivity and significantly reduced processing times. This initiative enhanced operational efficiency and significantly lowered the time and cost associated with obtaining these updates, providing lender clients with faster, more reliable credit assessments.

Additionally, Gonzalez has played a crucial role in managing key accounts, monitoring service times, resolving issues and tracking client requests to identify trends. Her efforts have been instrumental in maintaining high service standards during increased workloads, efficiently managing the higher volume without additional labor.

The 2024 Insiders were carefully selected by HousingWire's selection committee based on their vital and dynamic contributions to their companies and the industry as a whole.

"We are thrilled to announce the 2024 HousingWire Insiders, celebrating the intrapreneurs and operational leaders who tirelessly drive their organizations to new heights," said HousingWire Editor-in-Chief Sarah Wheeler. "Over the past nine years, this award has highlighted the exceptional achievements of thousands of Insider honorees whose behind-the-scenes dedication and expertise have profoundly shaped the housing industry."

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 mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit Informative Research.

About HousingWire

HousingWire is an information services company that provides unique data and research, respected business journalism, and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision.

Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Penny Gonzalez, Vice President of Business Process, has been selected by HousingWire magazine for its annual Insiders awards program.

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