News Topic: Technology
News: More than Half of Mortgage Loan Applicants Now Opting to Apply Using Their Mobile Device
Mortgage and Finance News: (LEHI, Utah) SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today released data indicating that, given the choice, a majority of borrowers now prefer a mobile-driven mortgage loan application process. Mobile applications accounted for more than 50% of the 37,157 mortgage applications submitted through the SimpleNexus platform in the month of May.
News: NotaryCam Applauds Texas for Eliminating Roadblock to Recording Remotely Notarized Real Estate Transactions
Mortgage and Finance News: (NEWPORT BEACH, Calif.) NotaryCam(R) Founder and CEO Rick Triola today praised the Texas legislature for passing SB 2128, which will go into effect on September 1. The bill provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents.
News: OpenClose Bolsters Commitment to Software Innovation and Enhancement of Digital Mortgage Technology, Adds Experienced Technologist as VP of Innovation
Mortgage and Finance News: () OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Allen Pollack, a seasoned industry veteran that has been instrumental in the digital shift and transformation of the industry, has joined the company in the newly created position of vice president of product innovation.
News: SimpleNexus Partners with Informative Research to Expand Credit Integration Options for Its Mortgage Lender Customers
Mortgage and Finance News: (LEHI, Utah) SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced an integration with Informative Research, a Tier-1 CRA and fintech leader in delivering a range of origination solutions for the mortgage industry.
News: New API Enables Real-Time Data Transfers Between SimpleNexus, Mortgage Lenders and Third-Party Systems
Mortgage and Finance News: (LEHI, Utah) SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the availability of an application program interface (API) and webhooks that enable mortgage lenders to establish real-time data syncing between SimpleNexus and non-integrated third-party systems.
News: CMG Financial Accelerates Loan Originator Compensation and Delivers Loan-Level Insights to Management with LBA Ware’s CompenSafe
Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, has partnered with CMG Financial to streamline incentive compensation for the lender's more than 500 loan originators (LOs) and other commission- and bonus-based employees.
News: New Capital Partners Invests in ARMCO
Mortgage and Finance News: (BIRMINGHAM, Ala.) New Capital Partners (NCP), a private equity firm in Birmingham, Ala., today announces that it has partnered with Pompano Beach, Fla.-based ACES Risk Management Corp. (ARMCO), the leader in web-based quality assurance software for the financial services industry.
News: Anow Enterprise lets lenders and appraisal firms tap into the industry’s first peer-to-peer appraiser network
Mortgage and Finance News: (RED DEER, Alberta) Anow, developer of appraisal firm management software that simplifies the way real estate appraisers manage their businesses, today announced the release of Anow Enterprise, a cloud software suite that connects individual appraisal companies to form service networks that can efficiently provide localized service at scale.
News: Level One Bank Enlists CompenSafe to Automate Incentive Compensation After Doubling Its Mortgage Division
Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Level One Bank (NASDAQ: LEVL) has chosen CompenSafe(TM) to automate incentive compensation for mortgage loan originators and support staff across the community bank's mortgage loan center and branch locations
News: NRL Mortgage Now Offering FormFree’s AccountChek Automated Asset Verification to Borrowers Nationwide
Mortgage and Finance News: (ATLANTA, Ga.) FormFree today announced that loan originators and support staff at NRL Mortgage are now offering AccountChek automated asset verification to loan applicants nationwide. AccountChek gives borrowers a convenient and secure way to verify their assets without having to print, scan or fax bank statements.
News: OpenClose and Vice Capital Markets Integrate for Enhanced Hedging Automation
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data.
News: FormFree Partners with FundingShield to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders
Mortgage and Finance News: (ATLANTA, Ga.) FormFree(R) today announced that it has entered into a strategic alliance with FundingShield, a fintech firm that safeguards homebuyers, mortgage lenders and title insurance underwriters from wire fraud.
News: Total Expert and ReverseVision Team Up to Transform the Reverse Mortgage Customer Journey
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the reverse mortgage industry, today announced a partnership with Total Expert, creator of the first marketing operation system (MOS) specifically for banks and mortgage lenders. The two companies have deployed an API integration that links the Total Expert MOS with ReverseVision's RV Exchange (RVX).
News: Mace Innovations Hires Chris Giles as Director of Business Development
Mortgage and Finance News: (SALT LAKE CITY, Utah) Mace Innovations announced today that it has brought in Chris Giles as Director of Business Development. Mace Innovations' suite of automation products allows companies to streamline time consuming tasks like data input and document delivery, freeing up employees to get more done.
News: CPROP Partners with The Mortgage Collaborative as Its Exclusive Blockchain Vendor
Mortgage and Finance News: (COVINGTON, Ky.) CryptoProperties LLC (CPROP) is pleased to announce it has signed an agreement with The Mortgage Collaborative (TMC) to join its Preferred Partner Network as TMC's exclusive provider of blockchain-enabled products and services.
News: SimpleNexus Bolsters Senior Leadership Team to Support Expanding Roster of Mortgage Lender Clients
Mortgage and Finance News: (LEHI, Utah) SimpleNexus (simplenexus.com), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that it has bolstered its senior leadership team with the appointments of three vice presidents to support the company's rapidly expanding roster of mortgage lender clients.
News: Mann Mortgage Revamps Loan Originator (LO) Compensation Structure, Gains Cost-Efficiency and Flexibility with LBA Ware’s CompenSafe
Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Mann Mortgage has successfully overhauled its incentive compensation plan structure and management with CompenSafe(TM).
News: NotaryCam Anticipates 2019 Banner Year, Citing Growing Adoption of Remote Online Notary, Remote Online Closing
Mortgage and Finance News: (NEWPORT BEACH, Calif.) NotaryCam(R), creator of remote online notarization (RON), acknowledged leader in online notarization and original provider of patented mortgage eClosing solutions, today announced it is extending its 2018 record growth to another unprecedented performance in 2019. Following a nearly 140 percent 2018 increase in new users, NotaryCam surpassed 200,000 users in the first half of 2019, and is on pace to add 10,000 users monthly.
News: DocMagic and LendingPad Integrate for Easy, Compliant Document Preparation and eSigning
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 it has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.
News: Homebot Aims to Improve Prequal-to-App Pull Through with Buyer Enhancements to Its Customer Engagement Platform
Mortgage and Finance News: (DENVER, Colo.) Homebot, a customer engagement platform that delivers financial scenarios to help homeowners build wealth, today announced major enhancements to the homebuying side of its platform. The latest release inserts lenders into the market search process by integrating prompts for buyers to obtain a prequal or preapproval, lock a rate, and inquire about down payment with a single click.
News: Texan Title Taps SafeWire by SafeChain to Provide Protection Against Wire Fraud
Mortgage and Finance News: (COLUMBUS, Ohio) SafeChain, the industry leader in wire fraud prevention software and blockchain implementation for land title, announced today that Texan Title has chosen SafeWire(TM) to defend its clients' wire transactions against fraud. The blockchain-backed platform will be deployed across Texan Title's family of title companies located across Texas.
News: Hometown Lenders Adopts ReverseVision Loan Origination Technology to Launch HECM and Reverse Lending Channel
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 that Hometown Lenders has implemented ReverseVision's HECM and proprietary reverse loan origination technology to support the launch of the independent mortgage bank's HECM lending channel.
News: Fidelity National Financial Adds NotaryCam Remote Notarization Service to Online Closing Options
Mortgage and Finance News: (NEWPORT BEACH, Calif.) NotaryCam(R), the pioneering leader in online notarization and the original provider of mortgage eClosing solutions, today announced that Fidelity National Financial (FNF), will allow the use of NotaryCam to deliver remote online notarization (RON) and remote online closing (ROC) capabilities to FNF's network of direct title and settlement operations, as well as its network of independent title agents.
News: Showbiz Shows a Better Way to Pay: Insurance Industry Alert issued by EraNova Institute
Mortgage and Finance News: (LOS ANGELES, Calif.) Today the EraNova Institute issued a business alert: "Showbiz shows a better way to pay." EraNova's Director and author of the report, Dick Samson, says, "For non-employees in entertainment and insurance, getting the money due you has often been a chore. Now, for the likes of Tom Hanks and Lady Gaga, it's more of a breeze; and soon may be for everyone involved in insurance."
News: Kraft Technology Group Achieves HIPAA Compliance with Compliancy Group
Mortgage and Finance News: (NASHVILLE, Tenn.) Kraft Technology Group, a Nashville-based managed IT service provider, is pleased to announce that we have achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group's proprietary HIPAA methodology, The Guard(R) compliance tracking software, and HIPAA Seal of Compliance(R).
News: SimpleNexus Takes Home Silver Telly Award for Campaign Encouraging Mortgage Originators to ‘Do More’
Mortgage and Finance News: (LEHI, Utah) SimpleNexus, the industry's leading digital mortgage platform, has been named a silver winner of the 40th annual Telly Awards. Founded in 1979, the Telly Awards honor video and television made for all screens and are judged by The Telly Award Judging Council.
News: Blue Ridge Bank, N.A. Partners with ReverseVision to Launch HECM and Reverse Lending Division
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 that it has partnered with North Carolina-based Blue Ridge Bank, N.A. Mortgage Division (Blue Ridge Bank).
News: MCT Officially Launches Trade Auction Manager to Enable Electronic TBA MBS Trading
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has officially launched Trade Auction Manager(TM) (TAM) to enable more efficient bidding of TBA mortgage-backed securities used by lenders to hedge their open mortgage pipelines. The browser-based software module is accessible via MCTlive!, the company's award-winning comprehensive capital markets platform.
News: FirstBank Mortgage Reduces Loan Originator Compensation Processing Time by 75 percent with CompenSafe
Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that FirstBank Mortgage has optimized the execution of its incentive compensation with CompenSafe(TM). By replacing spreadsheets with CompenSafe, FirstBank Mortgage has reduced the time it takes to calculate loan compensation by 75 percent
News: Simplifile Adds 38 Eastern US Jurisdictions to E-recording Network
Mortgage and Finance News: (PROVO, Utah) Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, today announced that 38 additional recording jurisdictions located in 12 states throughout the Mid-Atlantic, Northeast and Southeast U.S. have joined Simplifile's e-recording network.