News Topic: SaaS and Cloud Software
News: Cloudvirga Raises $50M to Deliver a Truly Digital Mortgage Experience
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital (Riverwood) with ongoing participation from Upfront Ventures.
News: ARMCO Integrates with BankVOD, Enabling Seamless Transfer of Bank Data
Mortgage and Finance News: (POMPANO BEACH, Fla.) ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced an integration with BankVOD, the company that pioneered the electronic risk interface for asset verifications. This integration, which provides a direct, seamless connection between ARMCO's ACES Audit Technology and BankVOD's Verification Hub.
News: TeamSnap Appoints New Chief Financial Officer
Mortgage and Finance News: (BOULDER, Colo.) TeamSnap, the household name in integrated sports management, announced today that Todd Stockard has been appointed the company's new Chief Financial Officer. Stockard will oversee TeamSnap's financial strategy as the company continues its rapid expansion with the introduction of new products, platforms and partnerships.
News: PitBullTax Software Expands its Power with Release of New Version 4.0
Mortgage and Finance News: (CORAL SPRINGS, Fla.) PitBullTax Software, the leading IRS Tax Resolution Software for CPAs, EAs and Tax Attorneys, just released its new and more feature rich Version 4.0. For nine years PitBullTax Software has transformed the tax resolution business by making it more efficient and intuitive for tax professionals to solve their clients' IRS problems.
News: American Banker Magazine Names Mortgage Capital Trading to Inaugural Best Places to Work in Fintech List
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.
News: Prevail Consulting, Inc. announces contract with Medical Assurance Society New Zealand Limited to license Prevail Reinsurance System
Mortgage and Finance News: (STAMFORD, Conn.) Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Medical Assurance Society New Zealand Limited (MAS) to license the Prevail Reinsurance System (PRS) to support MAS's reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation, application and data migration services.
News: ReverseVision and Allegiant Reverse Services Partner to Simplify Title Ordering for HECM Loans
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced a partnership with Allegiant Reverse Services (ARS), a full-service title and settlement company with an exclusive focus on reverse mortgage closings.
News: Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.
News: Cloudvirga Adds Award-Winning Appraisal Order Management from Mercury Network to Its Digital Mortgage Point-of-Sale Platform
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the Intelligent Mortgage Platform, today announced its completion of a fully automated, lights-out integration with Mercury Network, part of CoreLogic (NYSE:CLGX) and one of the industry's largest appraisal order management platforms.
News: Matic Marks Commitment to Compliance with Appointment of Shaz Kojouri to Senior Management Team
Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has tapped Shahrzad "Shaz" Kojouri as VP of legal and compliance. Prior to joining Matic, Kojouri was assistant general counsel for nonprofit student loan provider AccessLex Institute.
News: Veros and IDS Partner on Integrated Solution for Fannie Mae and Freddie Mac UCD Data Submissions
Mortgage and Finance News: (SANTA ANA, Calif.) Veros Real Estate Solutions (Veros), a leading developer of enterprise risk management, collateral valuation, and predictive analytics services, and mortgage document preparation vendor International Document Services, Inc. (IDS) announced today that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset (UCD) to the Government Sponsored Enterprises (GSEs).
News: IDS Adds Hybrid eClosing Capabilities to Its Mortgage Doc Prep Platform
Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced that its clients now have the capabilities to conduct hybrid electronic mortgage closings through its flagship mortgage document preparation platform, idsDoc. Hybrid eClosings allow for faster, more seamless mortgage real estate closing transactions, which can help lenders meet the Consumer Financial Protection Bureau's (CFPB) "Know Before You Owe" mandate to improve the borrower experience for consumers.
News: Cloudvirga and Freddie Mac Team Up to Deliver a Better Borrower Experience, Maximize Fungibility
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today launched single-click submission of loan data to both GSEs' automated underwriting systems (AUS) in a collaborative effort with Freddie Mac (OTCMKTS: FMCC), delivering on the industry need for greater transactional ease.
News: FinKube Launches New Website for Innovative Chatbot
Mortgage and Finance News: (DALLAS, Texas) FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has launched a new website for its intelligent, conversational chatbot, ELSA. The arrival of the new site coincides with FinKube's expanding role as an AI provider for industries beyond US financial services.
News: Alterra Home Loans Selects LBA Ware’s CompenSafe to Increase Mortgage Origination Productivity, Contain Operating Costs
Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that top ranking Nevada-based retail mortgage lender, Alterra Home Loans has chosen CompenSafe(TM) to automate commissions for its 65 branch offices licensed to operate in 30 states and deliver operational insights to executive management on its branches and sales staff.
News: Maxwell Recognized by HousingWire as one of the Most Innovative Technology Companies in Real Estate
Mortgage and Finance News: (DENVER, Colo.) Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized for the second year in a row as one of HousingWire's TECH100(TM) for 2018.
News: BeSmartee and FormFree Integration Gets Loans to Initial Underwriting Faster
Mortgage and Finance News: (ATHENS, Ga.) Automated verification provider FormFree(R) today announced that its flagship AccountChek(R) automated asset verification service is now part of BeSmartee's next-generation mortgage point-of-sale (POS) platform. The integration will make BeSmartee's already-streamlined digital loan process even speedier thanks to faster and more accurate assessment of borrowers' ability to pay from FormFree.
News: MortgageHippo Picks Matic for Integrated Homeowner’s Insurance That Helps Lenders and Consumers Save Money
Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.
News: Deutsche Bank Implements DocMagic’s eVault Technology
Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.
News: Major Update to Cloudvirga’s Enterprise Point-of-Sale Platform Raises the Digital Mortgage Bar
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced a major update to the Cloudvirga Enterprise POS. New features designed to improve lender speed, compliance and productivity will make the platform's 4.0 release the most robust POS solution on the market.
News: Simplifile Debuts Enhanced Post-Closing Service to Automate Return of Trailing Mortgage Documents
Mortgage and Finance News: (PROVO, Utah) Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has enhanced its Post Closing service to help lenders automate the return of trailing loan documents. This new service is designed to save lenders time on final Closing Disclosure (CD) reconciliation, eliminate time-consuming post-closing document management tasks, and provide a complete audit trail to reduce regulatory risk.
News: FormFree Returns as Sponsor of Ellie Mae Experience 2018
Mortgage and Finance News: (ATHENS, Ga.) For the second year, automated verification provider FormFree will sponsor Ellie Mae's (NYSE:ELLI) annual user conference. Ellie Mae Experience 2018 takes place March 19-21 at the Wynn hotel in Las Vegas. Each year, Ellie Mae Experience brings together thousands of mortgage leaders to discuss the latest industry strategies, share best practices and receive hands-on training.
News: ReverseVision’s Sold-Out Third Annual User Conference Equips New and Experienced HECM Lenders with Data-Driven Insights
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, attracted a record crowd of industry newcomers to its third annual user conference February 6-8 at the Kona Kai Resort and Spa in San Diego.
News: AccountChek by FormFree Will Integrate with Black Knight’s LoanSphere Exchange Digital Solution
Mortgage and Finance News: (ATHENS, Ga.) Automated verification provider FormFree today announced that its award-winning AccountChek asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.
News: ReverseVision Partners with DataVerify to Help HECM Lenders Improve Loan Quality, Reduce Repurchase Risk
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced the availability of DataVerify's DRIVE verification platform within ReverseVision's flagship RV Exchange (RVX) loan origination system (LOS). DRIVE helps lenders improve efficiency and reduce repurchase risk by monitoring changes to borrower identity, loan application, and property data throughout the origination process.
News: Quest Advisors Picks TRK’s Insight RDM Mortgage QC Audit Platform
Mortgage and Finance News: (SALT LAKE CITY, Utah) TRK Connection , a leading provider of mortgage quality control and origination management solutions, announced today that outsourced mortgage quality assurance firm Quest Advisors has selected Insight Risk & Defect Management to power its third-party mortgage QC reviews.
News: Inlanta Mortgage Integrates CompenSafe with LendingQB
Mortgage and Finance News: (MACON, Ga.) LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that Wisconsin-based Inlanta Mortgage has completed integration between LBA Ware's CompenSafe automated compensation calculation platform and LendingQB's cloud-based loan origination solution (LOS). Through the integration, Inlanta is able to leverage real-time loan production data to automatically calculate compensation for each of its 100+ loan originators.
News: IDS Gains Market Share in 2017 Despite Industry Downturn
Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it increased its share of the mortgage document preparation market in 2017, even though the industry overall experienced a decline in volume. In February, idsDoc introduced new borrower data collection fields that support compliance with the 2018 changes to Home Mortgage Disclosure Act (HMDA) reporting.
News: CUMAnet Selects Simplifile Collaboration and Post Closing Services
Mortgage and Finance News: (PROVO, Utah) Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that CUMAnet has begun using Simplifile Collaboration and Post Closing services to provide credit union clients with a centralized platform that facilitates the effortless exchange of information with settlement partners. CUMAnet intends to expand usage to facilitate electronic document recording for mortgage satisfactions.
News: LendingQB Makes FormFree’s Award-Winning AccountChek Asset Verification Part of Its ‘Lean Lending’ Loan Origination Software
Mortgage and Finance News: (ATHENS, Ga.) FormFree today announced the availability of its AccountChek automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.