Entries by Progress In Lending

Understanding The News: New Research Shows Mixed Results

*New Research Shows Mixed Results*
**By Tony Garritano**

***CoreLogic, a provider of information, analytics and business services, today released its January Home Price Index (HPI) report. The report shows national home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1.0 percent compared to December 2011, the sixth consecutive monthly decline. Nonetheless, there is some good news, too. Here’s the full story:

Understanding The News: A New Tool For LOs Emerges

*A New Tool For LOs Emerges*
**Fixing The Transparency Issue**

***PROGRESS in Lending has learned that Mortech, Inc., a mortgage technology software company specializing in solutions for mortgage bankers and secondary market teams, has released a new technology allowing loan officers the ability to exchange real-time mortgage application data directly with their borrowers. The secure consumer-facing portal, called Connect, is available completely free to users of Mortech’s MarksmanLMPplatform. The tool increases overall transparency. Here’s how:

Market Analysis: Innovative Companies Continue To Thrive

*Innovative Companies Continue To Thrive*
**By Tony Garritano**

***We are very fortunate to have Steve Horne of Wingspan Portfolio Advisors, a Dallas-based diversified servicing company, on our board. He is a true visionary. As such, PROGRESS has learned that Wingspan under his leadership continues its accelerating growth offering a wide range of services to assist the mortgage industry in virtually every aspect of delinquent loan servicing. In addition to launching four new subsidiaries over the past 12 months, Wingspan has quadrupled its number of employees and has leased a second building to meet the needs of its clients, which include banks, investors, mortgage insurers and real estate agents throughout the U.S.

Technology Spotlight: Eyeing The Right Appraisal Solution

*Eyeing The Right Appraisal Solution*
**Fidelity Bank**

***The GSE guidelines around appraisal delivery are cause for concern. Everyone is looking t ensure compliance. To this end, Fidelity Bank, one of Atlanta’s largest community banks providing personal and corporate financial services, has selected MountainSeed, a provider of appraisal management services, to provide appraisal and compliance services for its real estate portfolio. Here’s why:

Technology Spotlight: Real-Time Loan Servicing

*Real-Time Loan Servicing*
**Heartland Financial USA, Inc. Profiled**

***Servicers have no time to waste. They have to be fast, efficient and accurate. It’s not an understatement to say that the economy is depending on them. As a result, more and more servicers are investing in new technology. For example, Heartland Financial USA, Inc. has chosen to use LoanServ – the online, real-time loan servicing solution from Fiserv – for its mortgage servicing needs. With LoanServ, Heartland will be able to optimize and automate most of its loan servicing operations and processes while pursuing its lending growth strategy.

Understanding The News: Branching Out To Serve New Mortgage Entrants

*Branching Out To Serve New Mortgage Entrants*
**Credit Unions Need Automation, Too**

***The mortgage market is changing. New companies are entering and a lot of those new entrants are credit unions. However, these institutions are not mortgage experts. As such they need technology to help. To this end, PROGRESS in Lending has learned that ClosingCorp.’s SmartGFE Service is now available to credit unions. Here’s why this is significant:

Xetus

Xetus provides comprehensive, feature-rich solutions to the mortgage industry by enabling lenders to process mortgage loans online via the Internet, from initial application through funding and secondary transfer. XetusOne, our cloud-based “software as a service” (SaaS) loan origination system, allows all participants in the mortgage funding process to connect seamlessly. This collaboration spans data input, verification, document sharing, quality control, and management. Our customers include leading banks, credit unions, community banks and credit union service organizations. Some of the significant benefits our customers experience in using XetusOne include:

Technology Spotlight: Emphasizing The Importance Of An Online Point-Of-Sale

*Emphasizing The Importance Of An Online Point-Of-Sale*
**Churchill Mortgage Profiled**

***As the battle for the borrower wages on, having a robust, user friendly point-of-sale is critical. To this end, Churchill Mortgage, a lender providing conventional, FHA, VA and USDA residential mortgages across 23 states, is now accepting online mortgage loan applications via an integrated point-of-sale solution (IPOS) provided by Mortgagebot. Here’s why Churchill made this decision: