News Topic: Technology
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: Gallo LLP Files first 10 Consumer Claims Against Google Following Injunction and Revision of Gmail Architecture
Mortgage and Finance News: (SAN RAFAEL, Calif.) San Francisco Bay Area law firm Gallo LLP has filed the first of what it predicts could be thousands of individual damages cases against Google based on the same misconduct alleged in Matera v. Google, Case No. 15-CV-04062-LHK. Acting for a class of consumers who never signed up for Gmail (but nevertheless had their email scanned by Google), the Matera plaintiffs sought injunctive relief under the federal Electronic Communications Privacy Act (the "Wiretap Act") and California Invasion of Privacy Act ("CIPA").
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: Paragon Insurance Holdings Invests in Cloud Business Intelligence (BI) to Enhance Analytics Capabilities
Mortgage and Finance News: (AVON, Conn.) Paragon Insurance Holdings, LLC, a national multi-line specialty MGA, has selected LeapFrogBI, LLC, an agile business intelligence provider, and Sisense, Inc., to develop an advanced data warehouse and enable enhanced reporting capabilities.
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: Virginia Startup CounterFlow AI closes $2.7M Seed Round
Mortgage and Finance News: (CHARLOTTESVILLE, Va.) Cybersecurity startup CounterFlow AI, Inc. announced last week that it has raised $2.7 million in seed funding from Osage University Partners, the Charlottesville Angel Network, and a number of individual investors who also supported the founders' previous venture, nPulse Technologies (acquired by FireEye in 2014).
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.
News: Delta Care Rx Now Integrates with Suncoast Electronic Medical Records
Mortgage and Finance News: (PITTSBURGH, Pa.) Delta Care Rx, a leading pharmaceutical innovator in end of life care, announces a robust integration with Suncoast by Complia Health, a leading global provider of home health care and hospice software solutions.
News: OpenClose Bolsters Software Integration and Support Teams
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.
News: TeamSnap Launches Fully Integrated Payment Solutions for Sports Organizations
Mortgage and Finance News: (BOULDER, Colo.) TeamSnap, the household name in sports-tech management, announced today the expansion of their integrated payment platform with the launch of a new Invoicing feature - designed to make collections easier for sports administrators, coaches, parents and players. To power the new platform, TeamSnap has expanded its successful partnership with WePay.
News: LBA Ware CEO Lori Brewer Named to 2018 MPA Hot 100 List for Technology Contributions to Mortgage Industry
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 today that its CEO Lori Brewer has been named to Mortgage Professional America (MPA) magazine's "2018 Hot 100" list. Brewer was recognized for her entrepreneurship and innovation in pioneering the development of a first-of-its-kind software solution to automatically calculate loan officer (LO) compensation.
News: Global DMS Launches EVO-Commercial, a Next-Generation Valuation Management Software Platform for Commercial Lending
Mortgage and Finance News: (SAN DIEGO, Calif.) Global DMS, a leading provider of cloud-based valuation management software, announced that it launched EVO-Commercial (EVO-C) at the MBA's CREF/Multifamily Housing Convention and Expo being held in San Diego February 11 - 14, 2018. The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.
News: Movement Mortgage Implements CompenSafe to Automate LO Compensation
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 South Carolina-based Movement Mortgage has implemented CompenSafe to automatically calculate commissions for its loan originators (LOs) located in 700 branches across 49 states.
News: LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations
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 their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company's systems integration solution.
News: Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark
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 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile's e-recording platform.
News: DocMagic Reaches 300 Million Mortgage eSignings as More Borrowers Opt for eSigning and More Lenders Require Proof of TRID Compliance
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 processed more than 300 million mortgage-related electronic signatures.
News: FormFree Celebrates Its Tenth Year of Operations with Broader Investor Acceptance, New Products and Features for Lenders
Mortgage and Finance News: (ATHENS, Ga.) The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree -- and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders' unique needs.
News: Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.
News: Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga Inc., developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm's customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.
News: AccountChek by FormFree Automated Asset Report Now Accepted for VA Loans
Mortgage and Finance News: (ATHENS, Ga.) FormFree today announced that asset reports generated by its AccountChek automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement follows the VA's December 29, 2017, release of Circular 26-17-43, which was issued in response to increasing lender interest in automated verification of borrower assets for VA loans.
News: Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology
Mortgage and Finance News: (LANSDALE, Pa.) Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight's LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.
News: OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services to enable customers to access the company's complete suite of flood services. Using the interface makes it quick and easy to order AFR's various flood services directly from within OpenClose's LenderAssist LOS.
News: ARMCO Announces New Loan Data Validation Tools
Mortgage and Finance News: (POMPANO BEACH, Fla.) ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.
News: Docutech and Cloudvirga Partner to Help Loan Officers Work More Efficiently
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, today announced a partnership with Docutech that will enable Cloudvirga's lender customers to work more efficiently, reduce the cost of document compliance and make the home loan experience more convenient for borrowers.
News: Waterstone Mortgage to Manage QC Audits Using TRK’s Insight RDM
Mortgage and Finance News: (SALT LAKE CITY, Utah) TRK Connection, a leading provider of mortgage quality control and origination management solutions, announced today that Wisconsin-based Waterstone Mortgage Corporation has chosen the Insight Risk and Defect Management (RDM) platform to conduct its internal quality control (QC) audits.