Entries by Progress In Lending

Technology Spotlight: Lender Demands Flexibility

*Lender Demands Flexibility*
**radius financial group inc. Profiled**

***With LO Comp, UAD, UMDP, Dodd-Frank, and all the rest, what is a lender to do? Well, of course, they have to automate more. But beyond just turning to technology, lenders need to and are demanding more flexibility from their vendors. For example, PROGRESS in Lending has learned that radius financial group inc. has chosen MortgageFlex Systems, Inc. for their loan origination needs. Here’s why they decided to go with Mortgageflex:

On The Move: Data Standards Get A Boost

*Data Standards Get A Boost*
**The Latest Promotions, New Hires And Layoffs**

***The Mortgage Bankers Association has completed the transition, announced in September, and will resume support for the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO). With the successful transition, MISMO will now focus efforts on regulatory implementation and advocating for broader adoption of data standards throughout the industry. As part of this news the MBA has made a new hire. PROGRESS in Lending has also learned of a promotion at Urban Lending Solutions. Here’s the details:

Magazine Cover Story

*Jonathan Core Sizes Up Success* **Executive Interview** ***Can a loan origination system actually complete a successful IPO? It’s never been done before, but Ellie Mae got it done this year. The company not only went public, it completed two high-profile acquisitions. All this happened during a time of flux in the mortgage industry. Ellie Mae […]

Magazine Cover Story

*Solving The REO Crisis* **Executive Interview** ***As we all know, defaults, workouts and foreclosures will continue to be the norm for some time to come. These market conditions are turning investors into landowners and whole neighborhoods in some areas of the country are inundated with vacant homes. What does all this mean? According to CNBC, […]

Magazine Cover Story

*The Paperless Movement* **Executive Interview** ***This year electronic collaboration vendor DocVelocity made headlines when it introduced DocVelocity Threads, which is essentially an online customer portal. Threads allows you to communicate and exchange documents with anyone involved in the loan process —even if they don’t have DocVelocity. This means anyone in or outside of your company […]

Understanding The News: Read Appraisals With Ease

*Read Appraisals With Ease*
**UAD Help Arrives**

***The new appraisal standards have some pulling out their hair, but fear not, technology can help. For example, ACI, a valuation technology provider for the mortgage industry, has launched a new Appraisal Reader powered by Appraisal.com. The new technology helps lenders and reviewers view and validate appraisal reports prepared by any appraisal software vendor that supports the new MISMO XML format. Here’s how it works:

Technology Spotlight: It’s All About Service

*It’s All About Service*
**Riverview Community Bank of Vancouver Profiled**

***We all know how big compliance is. It’s top of mind for every lender. At the same time lenders want to be sure that in keeping compliant, they don’t compromise service. Because of these two factors more and more lenders are switching their LOS. For example, Riverview Community Bank of Vancouver, WA has selected Mortgage Builder’s platform for its mortgage lending business. Riverview Community Bank is a community-oriented financial institution and mortgage lender that provides local and personal service throughout Southwest Washington and in the Portland, Oregon metropolitan area just across the state line. Here’s why they made this choice:

On The Move: Looking For Excellence

*Looking For Excellence*
**The Latest Promotions, New Hires And Layoffs**

***Just this week we have seen that new appraisal rules have gone into effect. Also think week the Treasury Secretary said that Dodd-Frank is not going away and will be enforced. What does this mean? More regulation is here now and more is coming. As a result, lenders and vendors alike are looking to hire experienced executives that can help them grow their businesses in this very tense market. Here are two cases where we have seen this trend play out: