A One-Of-A-Kind Event

If you sell products or services to the lending community this is one event you cannot afford to miss.  Our Expert Roundtable to be hosted at our Eighth Annual ENGAGE Event will deliver key insights into:

>> The Future of the Borrower Experience

>> The Future of Digital Lending

>> The Future of Fintech and Its Impact on our Industry

>> And So Much More …

SIMPLY PUT: Gain strategic insights that quite frankly you can’t get anywhere else. If you are serious about improving your sales results, networking with industry leaders and truly understanding the state of the mortgage industry then this one-of-a-kind event is one you can’t afford to miss.

Don’t miss out. This event will take place from 2:30 p.m. to 4:30 p.m. at the Hilton Garden Inn Washington DC Downtown, located at 815 14th Street N.W., Washington, DC 20005 on Sunday, October 14, 2018. So, while you are attending the MBA Annual Conference, this is the time to engage, be enlightened and excel with PROGRESS in Lending Association as we look to the future of mortgage lending. Admission to the event is free.

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And The 2018 Winners Are …

Prominent mortgage executives gathered to see who the Executive Team of PROGRESS in Lending named the top industry innovations of the past year at the Eighth Annual Innovations Awards Event. This honor is the Gold Seal when it comes to recognizing true industry innovation. All applications were scored on a weighted scale. We looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve. The top innovations winners are:

Lodasoft

PROGRESS in Lending has named Lodasoft a top industry innovation. To address the CFPB requirements of improving the borrower experience, the first big wave of innovation has come out of Silicon Valley. Hundreds of millions of dollars have been invested in the consumer facing aspect of the borrower application. The term “digital mortgage” has been coined and a flood of shinny new mortgage websites and apps have been created to deliver borrowers an Amazon type borrower experience. However, the majority of dollars invested, have focused almost solely on the online application for borrowers. The problem is that mortgage lending is significantly more complicated than just a shinny new app. The right digital mortgage platform helps to drastically reduce the chaos in daily lending processes while improving communication to help lenders close more loans faster. Therefore, in 2017 Lodasoft introduced its truly innovative “Digital Mortgage Platform” featuring Intelligent Loan Manufacturing to address these industry challenges head on.

Capsilon

PROGRESS in Lending has named Capsilon a top industry innovation. A truly innovative mortgage process means more than borrower-friendly loan selection and document submission, it is an end-to-end solution that keeps all stakeholders in the loop throughout the process. In 2017, Capsilon introduced Point of Sale Portals (POS), enabling the creation and delivery of quality loan packages that streamline every process step from application to closing. Capsilon’s POS Portals are powered by Intelligent Process Automation to supercharge loan production from intake to delivery of complete and compliant loan packages. This is an industry first, dramatically improving loan quality and speed, while drastically reducing production costs. Lenders are pressed to meet the challenges of production, compliance and profitability, as well as soaring borrower expectations. Instead of simply streamlining the traditional loan process, in 2017, Capsilon launched Point of Sale Portals that are fully integrated with its patented back-end technology to deliver on the promise of a true digital mortgage.

WebMax

PROGRESS in Lending has named WebMax a top industry innovation. According to Inc. Magazine, Millennials make up 66% of first-time homebuyers and 66% of them plan to buy a home in the next 5 years. Moreover, the same report found that Millennials associate home ownership with the American Dream more than any other generational demographic. The October 2017 composite forecast of Fannie Mae, Freddie Mac, and the Mortgage Bankers Association for 2017 mortgage origination volume is approximately $1.8 trillion. If Millennials compose 50% of this mortgage volume, and two-thirds of them apply online via digital applications, that represents $600 billion in digital mortgage origination. This number is massive. Better yet, it’s conservative. Millennials expect mobile-responsive mortgage lending sites and applications with a responsive layout from their potential lender. They want their mortgage application to be as easy as buying a t-shirt from an online retailer. Therefore, WebMax developed its innovative point-of-sale solution in 2017, called START, to not only meet the demands of borrowers, but to exceed their expectations and revolutionize the entire process. With START, WebMax provides a single location for the loan to exist for both the borrower and loan officer. There’s no shifting documents back and forth or waiting for verifications. START’s integrations to mission-critical third parties allows for the technology to do the work, streamlining workflows, reducing costs, and minimizing frustration.

Paradatec

PROGRESS in Lending has named Paradatec a top industry innovation. Other OCR solutions typically expect relevant data points to consistently appear in the same locations (or ‘zones’) on a document. If the data shifts due to changes in layout (again, think of bank statements), the zone-based approach will fail unless another layout template is created, making for a greater administrative burden with these solutions. A high volume, scalable OCR automation initiative requires the flexibility of Paradatec’s Advanced Mortgage OCR solution to process an unlimited number of document layouts without needing to develop specific templates for each layout variation. This capability is unique to Paradatec and a vital feature for creating an effective unstructured document classification and data capture solution. Paradatec’s Advanced Mortgage OCR solution is designed to make mortgage lending faster and more accurate. In 2017, Paradatec’s Mortgage OCR solution processed over 1,500,000,000 images (representing over 2,500,000 loans), helping lenders and servicers streamline their onboarding and compliance obligations.

Asurity Technologies

PROGRESS in Lending has named Asurity Technologies a top industry innovation. In 2017, MRGDocs was acquired by Asurity Technologies and introduced MRGDocs’ cloud-based platform which revolutionized the security of its dynamic document generation software featuring a secure system infrastructure to increase the protection of consumer data and deliver safer, faster, and more user-friendly systems while maintaining the content and support quality that has long been the hallmark of MRGDocs’ services and document packages. This solves for several mortgage industry challenges: the costs to secure big data, protecting the myriad of personal identification information collected, and managing compliance through a hyper secure platform. In 2017, MRGDocs built a comprehensive data security capability on a robust foundation that allows for the type of growth and expansion needed to serve even the largest of financial institutions, implementing a hyper-converged, virtual server platform with 24/7 SIEM-managed security monitoring.

STRATMOR Group

PROGRESS in Lending has named STRATMOR Group a top industry innovation. MortgageSAT is an online customer satisfaction measurement program that allows consumers to provide direct feedback on their satisfaction with the mortgage process, and provides lenders actionable insights from the results, all available via an online portal. Put simply, it’s Business Intelligence based on consumer insights. Why did STRATMOR create MortgageSAT? For many years, mortgage lenders have struggled to capture actionable feedback from borrowers by means of post-closing email or closing-table-completed surveys. By means of its powerful borrower satisfaction management tool called MortgageSAT, developed in partnership with the CFI Group, STRATMOR has led the way to fundamental change the way lenders manage and apply borrower feedback. MortgageSAT is the first and only borrower satisfaction monitoring tool to score satisfaction at all levels of the organization as regards retail, consumer direct and broker production. As a consequence, many MortgageSAT clients tie their employee reviews and, in some cases, compensation both to these scores and a review of borrower comments. When everyone’s performance review includes a measure of their contribution to borrower satisfaction, a borrower-centric culture is fostered that is aligned with the emerging competitive paradigm of “optimizing the borrower experience.”

Maxwell

PROGRESS in Lending has named Maxwell at top industry innovation. No matter how digital the process, every mortgage is saddled with documents and data, over 500 pages, according to the Mortgage Bankers Association. As a result, an average of 20 days during the mortgage process is consumed by the search, preparation and review of those documents. Maxwell, the leading digital mortgage solution for small and midsize lenders, removes this friction with its platform. Sitting as the digital interface between the lender and their borrowers, Maxwell manages collaboration through the loan process, significantly reducing cycle times and driving delight. Originating teams on Maxwell are able to focus on what they do best, advising and coaching clients through the largest transaction of their lives, while Maxwell’s technology handles the rest. As one head of production attested, “Maxwell allows us to focus on what we love: working with real people. While loans get done faster and my team is happier.”

PromonTech

PROGRESS in Lending has named PromonTech a top industry innovation. The Borrower Wallet is the first offering from Promontory MortgagePath’s technology arm. From a lender’s perspective, the Borrower Wallet captures leads and fosters borrower/lender collaboration to drive enterprise efficiency and improve loan pull-through. In addition, its built-in collaboration tools deliver high-quality data and documents needed to feed and accelerate the downstream underwriting process. As a white-label offering, the Borrower Wallet makes the latest technology accessible and affordable to mid-size and smaller lenders, enabling them to compete with mega lenders. PromonTech’s culture of mutual respect between “techies” and mortgage industry experts made it possible to create a mass-market POS where both consumer and lender needs are equally important. The Borrower Wallet is not the first digital POS, but it’s the first to engage consumers while anticipating lender needs in such a balanced way. It combines creative design, industry analysis and data governance to create a unique user experience.

MCTlive!

PROGRESS in Lending has named MCTlive! a top industry innovation. Over the past year, MCTlive! developed a major mortgage technology advancement with the addition of what the company branded its “Bulk Acquisition Manager” (BAM) solution, which is accessible via MCTlive! BAM is a Digital Loan Trading solution. BAM completely automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and MCT’s team of in-house mortgage loan traders. The result is a much quicker pricing process for bulk bid tapes, greater data security, better communication between counterparties, increased transparency for all parties, process consistency for investors within their existing platform, and centralization of data. BAM helps facilitate digitize loan trading on the secondary market. The effectiveness of the BAM technology has already gained 100% adoption by the ENTIRE investor community on the secondary market — across the board. And the level of transparency it offers between buyer and seller is hugely attractive and makes investors and lenders feel at ease.

Ellie Mae

PROGRESS in Lending has named the Ellie Mae Encompass NG Lending platform a top industry innovation. The Encompass NG Lending Platform allows lenders, service providers, and independent software vendors the ability to build custom applications in the cloud, integrate external systems and data, and extend Encompass in order to meet any and all industry challenges. Mortgage lenders and mortgage service providers can build, integrate, or customize solutions, and get them to their customers and market quickly. Lenders, partners, and third-party providers gain access to data and systems across the mortgage ecosystem. In the end, all participants can easily view and share loan date, sales pipeline, loan events, documents, and order services. A shared system of record allows all parties in the loan process to see the same up-to-to-date information in the same format. Everyone in the ecosystem can easily share, interact, and collaborate without having to create and support new channels.

 

 

MBA Tech Conference 18-Networking Event

PROGRESS in Lending Association invites you for a special night of networking and technological innovation during the MBA Technology Conference in Detroit. This will be the mortgage technology party of the year.

This “Most Outrageously Fun” networking event will take place at Detroit’s PUNCH BOWL SOCIAL (http://www.punchbowlsocial.com), located at 1331 Broadway Street, Detroit, Michigan, 48226, which describes itself as the place for people to come and be themselves. Punch Bowl Social has stocked its place with a delectable collection of unequalled music, food, games, and beverages for you to enjoy, as you’re being yourself.

You put your responsible, ironed, adult pants on every day of the week and you deserve a place where ties and khakis are a choice, not a requirement. Punch Bowl Social is that place—and there are untold possibilities waiting for you there. Come and discover for yourself.

Join us on April 15th, starting at 7:30 p.m. Guests will enjoy a premium open bar, hors d’oeuvres, refreshments, bowling, darts, arcade, karaoke, etc. For the eighth year in a row, this event will be the premier networking event at the 2018 MBA Technology Conference, which will include a whole lot of fun and the announcing of the Progress In Lending Innovation Award Winners.

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Honoring Industry Innovation

Recognizing The Best Of The Best!

PROGRESS in Lending Association was formed to give industry thought leaders a voice. The right formula of technology combined with business strategy can come together to solve real industry problems. Now we’re going even further with the Innovations Program. The Innovations Awards Ceremony is always a great event. Read about which companies were named the Top Innovations of 2010, those companies that were just named the Top Innovations of 2011, those that were named the Top Innovations of 2012, those that were named the Top Innovations of 2013, those that were honored as the Top Innovations of 2014, those that were honored as the Top Innovations of 2015, and those that were honored as the Top Innovations of 2016.

As part of the Innovations Program we want to reward industry-changing innovations. For those companies or groups that have come together to do something truly game changing for the mortgage space, we want to recognize all that you do in order to change the industry for the better.

What are we looking for? We want to recognize innovations introduced into the mortgage market between January of 2017 to December of 2017 that truly changed the mortgage market for the better. As part of this competition, we’re not only looking to recognize a new release, although we certainly don’t want to discourage the entry of innovative new releases that hit the market in 2017. We also want to reward companies and groups for doing creative things throughout 2017 that made a positive difference.

Understand that this is not a subjective competition. All applications will be scored on a weighted scale. We will be looking for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve. Find out more about our criteria.

How will we judge? This recognition will not be decided by mere industry onlookers, all seven industry experts that make up the PROGRESS in Lending Association executive team will act as judges and all will be given an equal say in how applications are evaluated. Learn more about our executive team. Applicants will be judged by industry peers who know the space inside and out, just like you do.

The winners will be named at a ceremony to be held in Detroit, Michigan on April 15, 2018.

Are You Prepared For The Digital Lending Revolution?

You Need To Attend This Event To Be Ready. RSVP TODAY!

To all mortgage lenders and companies that sell products or services to the lending community this is one event you cannot afford to miss. While you are attending the MBA Annual Conference in Denver you should also attend this premier networking and information-gathering event. The Seventh Annual ENGAGE Event will deliver key insights into: the most effective ways to be ready for the digital mortgage lending process of the future, how to reach today’s borrowers, detail how digital processes will reshape regulatory compliance, explore the future of digital mortgage technology innovation, and much more.

Gain strategic insights that quite frankly you can’t get anywhere else. If you are serious about advancing your digital footprint to get a competitive edge, improving your sales results and truly understanding buyer behavior then this one-of-a-kind event is one you can’t afford to miss.

Don’t miss out. This event will take place from 2:30 p.m. to 4:30 p.m. at the Curtis Denver located at 1405 Curtis Street, Denver, Colorado 80202 on October 22, 2017. This is the time to engage, be enlightened and excel with PROGRESS in Lending Association as we look to the future of digital mortgage lending. Admission to the event is free.

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And The 2017 Winners Are …

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Prominent mortgage executives gathered to see who the Executive Team of PROGRESS in Lending named the top industry innovations of the past year at the Seventh Annual Innovations Awards Event. This honor is the Good Housekeeping Seal of Approval, the Gold Seal when it comes to recognizing true industry innovation. All applications were scored on a weighted scale. We looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve. In alphabetical order, the top innovations are:

ComplianceEase

ComplianceEase-2017-WinnerPROGRESS in Lending Association has named ComplianceEase a top innovation. In preparation for the TILA-RESPA Integrated Disclosure (TRID) rule, ComplianceEase spent 18 months enhancing its flagship compliance management platform, ComplianceAnalyzer. The company released the new module, called TRID Monitor, which provides the comprehensive, real-time auditing of disclosure timing, changed circumstances, and fee tolerances across all disclosures. ComplianceAnalyzer with TRID Monitor allows lenders to insert flexible TRID compliance controls into any system and can be used at any point in the lending process and across multiple origination channels. The module can also be used for pre- and post-close quality control and securitization due diligence. Depending on a lender’s workflow needs, lenders can use ComplianceAnalyzer with TRID Monitor to review the latest terms and fees on any single TRID disclosure or to monitor changes in fees and terms throughout the origination and closing processes.

DocMagic

DocMagic-2017-WinnerPROGRESS in Lending Association has named the work done by DocMagic a top innovation. As the mortgage industry slowly embraces the Digital Mortgage, DocMagic launched what was dubbed its “Total eClosing solution,” which enables a comprehensive, true 100% paperless eClosing that automates the entire process — from start to finish. Looking back, DocMagic was brought to the forefront of eClosing technology awareness with its participation in the CFPB’s eClosing pilot in 2014. This vendor was 1 of only 12 firms that was invited by the CFPB to participate. If the industry is going to go digital it will need vendors like DocMagic to lead the way. The Total eClose solution includes the seamless incorporation of its eSignature-enabled SMART Documents, a nationwide eNotary network, MERS eRegistry access, eWarehousing, eNotes, a secure eVault, and secure investor eDelivery — all in a single, comprehensive eClosing platform and completely TRID-compliant. There is absolutely no paper involved at any point, at any time.

Mercury Network

Mercury Network-2017 WinnerPROGRESS in Lending Association has named Mercury Network a top innovation. In March of 2016, Mercury Network launched Fee Analytics, a rich set of current data and analytics for actual appraisal fees in every county in the United States, delivered monthly. Lenders subscribe to Fee Analytics to know the most current appraisal fees paid for collateral valuations, along with details on the transactions. Since more than 800 lenders and appraisal management companies rely on Mercury Network for collateral valuation management, more than 10,000 transactions a day are passing through the system, providing rich trended data with many benefits for the industry. With Mercury Network’s Fee Analytics tool, lenders can determine where appraisal fees are rising and where they are falling, a clear indicator of supply and demand, as well as a valuable clue for hyper-local and regional lending booms that present opportunity for business expansion.

Mortgage Network

Mortgage Network-2017 WinnerPROGRESS in Lending Association has named Mortgage Network a top innovation. Mortgage Network has been creating and using its own technology for several years. But in 2016, it took things to a new level by creating an online borrower portal that allows consumers to initiate and drive the mortgage process with very little assistance from the loan officer. The portal gives borrowers the option to upload their own mortgage documents through a drag-and-drop method, virtually eliminating the need for loan officers to keep coming back to borrowers to request more information. Borrowers can also see their loan choices based on the information they provide, receive disclosures electronically, and receive an underwritten loan commitment in as little as two days. In many ways, the new borrower portal might be compared to TurboTax, the off-the-shelf software that revolutionized how Americans prepare their taxes. This portal will do the same for mortgage lending.

NotaryCam

NotaryCam-2017 WinnerPROGRESS in Lending Association has named NotaryCam’s eClose360 a top innovation. As the industry interest in eClosings has risen, with NotaryCam’s eClose360 you no longer have to force participants into the same room, deploy a laptop and signing pad — which is essentially 12-year old technology — to close a loan when it can be done online anytime from anywhere. NotaryCam’s eClose360 is an online notary platform that allows mortgage closings to take place entirely online, removing all associated stress and the friction of having to attend closings physically. Further, Fannie Mae approved NotaryCam’s eClose360 as a provider of both a SMARTDoc and eVault solution. Specifically, this online closing solution is now on the list of software that Fannie Mae has certified and approved for use on loans it purchases from mortgage loan originators. NotaryCam’s eClose360 has legally completed tens of thousands of notarizations in all 50 states and over 65 countries.

QuestSoft

QuestSoft-2017 WinnerPROGRESS in Lending Association has named QuestSoft a top innovation. This industry has been inundated with new rules and regulations for some time now. The key to maintaining compliance is preparation. One of the next big rules for lenders to comply with are the CFPB HMDA changes. Last October, QuestSoft sent specifications to 29 loan origination software companies, and those imports are expected to come online during the first quarter of 2017. Customers can then import live data from those LOS platforms to see gaps, interact with their systems, and internally adjust their procedures. The test version is also being provided well in advance of the CFPB’s schedule. Further, QuestSoft’s Compliance RELIEF application has been designed so that as error codes and other specifications are made available by the CFPB, this company will be able to incorporate them quickly and distribute updates to lenders seamlessly.

WebMax

WebMax-2017 WinnerPROGRESS in Lending Association has named WebMax a top innovation. Last year, 5.8 million homes were purchased compared to 5.6 million in 2015 and 5.3 million in 2014. Further, seventy-seven million millennials make up about one-fourth of the U.S. population. Millennials in the U.S. wield about $1.3 trillion in annual buying power, 85% of them are using smartphones as their daily technology device, and 49% are seeking to buy their first home. Millennials are becoming a significant force in the mortgage industry. To reach these new borrowers WebMax’s MortgageWare application provided an innovative digital solution designed to make Mortgage and Real Estate easy, one that enhanced the online lending experience for both the lender and the borrower. In 2016, the solution assisted with the closing of 123,388 mortgage loans and hosted over 2,990 mortgage websites. WebMax clients are provided with a compliant, ascetically appealing, and user-friendly web solution that include key program integrations.

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Join this celebration as it begins with our networking reception, which will include hors d’oeuvres and a full open bar. Specifically, on March 26th PROGRESS in Lending Association will announce the top seven innovations of the past twelve months. After weeks of judging, the Executive Team has decided on seven companies to bestow this honor on.

Join us on Sunday, March 26th at the LONDON HOUSE CHICAGO|CURIO COLLECTION BY HILTON, located at 85 E Wacker Drive at North Michigan Avenue, Chicago, Illinois 60601, starting at 7:30 p.m. local Chicago time in the Etoile Room, to see who will be recognized. To attend the Innovations Event RSVP below. ACT NOW!

But this event is not just about announcing the results of our Innovations Awards Program, it’s about improving our industry. In addition to recognizing the top innovations, we will have prominent industry thinkers share their thoughts about the future of mortgage lending itself. You won’t want to miss the Innovations Awards Ceremony, the networking opportunity and the exchange of ideas. This will truly be a one-of-a-kind industry event. RSVP NOW!

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Don’t Miss Out

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You need to RSVP today. Why? Ask yourself: Are you ready for the future of mortgage lending? The ENGAGE 2016 event provided by PROGRESS In Lending Association is all about people who have a passion for advancing the mortgage industry during these challenging times.  Next year the industry will have to prepare for a new 1003, TRID updates, new HMDA requirements, and so much more. We’ll discuss it all.

For the sixth consecutive year, PROGRESS in Lending Association will be hosting this groundbreaking event designed to engage the mortgage industry to discuss and find solutions to so many pressing  industry issues.  At this one-of-a-kind event, don’t expect the usual talking heads and PowerPoint presentations.  This will be a frank and thorough exchange of ideas and tips about how to solve the problems that face the mortgage industry.  We’ll also share opportunities that will provide you with a competitive advantage.

Specifically, panelists will discuss the future of mortgage technology innovation, the future of mortgage regulatory compliance and the future of the mortgage process itself. You won’t get this insight anywhere else. As other media companies re-organize and downsize, PROGRESS in Lending continues to expand to deliver you the insights that you need to be successful in the mortgage business today.

The ENGAGE Event will take place from 2:30 p.m. to 4:30 p.m. in the New England AB Conference Room at the Hilton Boston Logan Airport Hotel, located at 1 Hotel Drive, Boston, Massachusetts 02128 on Sunday, October 23, 2016.  This is the time to engage, be enlightened and excel with PROGRESS in Lending Association as we look to the future of mortgage lending.

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And The 2016 Winners Are …

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Prominent mortgage executives gathered last night to see who the Executive Team of PROGRESS in Lending named the top industry innovations of the past year. This honor is the Good Housekeeping Seal of Approval, the Gold Seal when it comes to recognizing true industry innovation. All applications were scored on a weighted scale. We looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve. In alphabetical order, the top innovations are:

Bradford Technologies

Bradford-Technologies-2016-WinnerPROGRESS in Lending Association has named Bradford Technologies a top innovation. Appraisers today are tasked with providing even greater detail and analytical support for their adjustments and comparable selection in their appraisal reports. Lenders are demanding greater transparency and repeatable results using accepted methodologies. Redstone was developed by Bradford Technologies and released in 2015 specifically to address these challenges and to help real estate appraisers support their appraisal reports to lenders and the government-sponsored enterprises (GSEs). Redstone has been particularly useful in helping appraisers add statistical support to their appraisals and better defend their value conclusions.

DocMagic

DocMagic-2016-WinnerPROGRESS in Lending Association has named DocMagic a top innovation. In 2014, DocMagic began developing a comprehensive technology solution called SmartCLOSE to effectively address the CFPB’s launch of the TILA?RESPA Integrated Disclosure (TRID) rule. Sure, lots of vendors jumped on the bandwagon to create TRID solutions. Most of these are light solutions, lacking in functionality and cannot fully automate the new process from start to finish or ensure 100% compliance. SmartCLOSE brings lenders, settlement providers and other relevant parties together inside a secure collaborative portal to share, edit, validate, audit, track, and collaborate on documents, data, and fees.

eLynx

eLynx-2016-WinnerPROGRESS in Lending Association has named eLynx a top innovation. Expedite ID is a new solution from eLynx built on its certified MISMO-compliant Expedite services platform. Expedite ID combines the power of two existing solutions from eLynx — Inbox for consumer delivery and eCN for closing — and adds on new capabilities specifically engineered to enable lenders to address the CFPB’s Know-Before-You-Owe (KBYO) mortgage disclosure rule, i.e. TRID. It leverages eLynx’s extensive partner network to eliminate the need for lenders to go through the painstaking tasks of managing complicated integrations and organizing extensive training for their staff.

Five Brothers

5-Brothers-2016-WinnerPROGRESS in Lending Association has named Five Brothers a top innovation. The speed at which servicers can get information from their property preservation company is a critical factor in quality control. Mobile technology significantly speeds up this process. In 2015 Five Brothers introduced FiveLive, complete Field Services Management in the palm of your hand to its over 6,000 contractors. FiveLive is the workflow management system that automates virtually every step of the work order process in real-time. The FiveLive Mobile App brings a host of innovative technology capabilities to the job, making it faster, more accurate and more profitable.

Mortgage Cadence

Mortgage-Cadence-2016-WinnerPROGRESS in Lending Association has named Mortgage Cadence a top innovation. The Mortgage Cadence Configuration Migration Utility (CMU) is an advanced configuration promotion tool only available through the Enterprise Lending Center. This new, patent-pending utility enables the easy migration of ACE Actions, business rules, and formulas from one environment to the next – whether development, staging, or production. The utility also dynamically discovers differences between environments, then surgically migrates the specific configuration changes to the desired environment. With the need to fluidly adapt to constant regulatory and investor requirements, the CMU allows lenders to effectively manage complex configurations efficiently and reliably.

Simplifile

Simplifile-2016-WinnerPROGRESS in Lending Association has named Simplifile a top innovation. In 2015 the regulatory environment changed significantly, especially under the Consumer Financial Protection Bureau (CFPB)’s TILA-RESPA Integrated Disclosures (TRID) rule, the lender is responsible for accurate and timely delivery of key disclosures to the borrower. Lenders were under intense pressure to comply with these new rules and regulations. To address this extremely challenging regulatory environment, In 2015, Simplifile unveiled two new services: Collaboration and Post Closing. These innovative services electronically connect lenders and settlement agents, a streamlined connection that was needed more than ever with TRID taking effect in 2015. Simplifile Collaboration allows lenders to conveniently collaborate with their settlement agents in one place.

Specialized Data

Specialized-Data-2016-WinnerPROGRESS in Lending Association has named Specialized Data a top innovation. By law, every financial institution in the United States is required to have efficient strategic plans to prepare for business continuity, third party management, and incident response. Traditionally, financial institutions tend to push these operational risk management tasks aside to allocate more time towards return on investment tasks. To alleviate the frustrations associated with maintaining an effective operational risk management program, the company has created a suite known as RemoteComply. RemoteComply is an all-in-one web based suite containing solutions for business continuity planning, vendor management, incident response, and alert notification. The suite creates one centralized area to easily update and maintain all operational risk management criteria.

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The Future of Mortgage Lending

We’ve crafted PROGRESS In Lending’s ENGAGE Event to be something unique, something special, something…well…engaging. And it’s unlike any mortgage industry conference or “event” you’ve been to before.

ENGAGE is not in any way promotional (where a bunch of speakers try to sell you stuff), and it’s not a parade of the usual speakers giving the same old PowerPoint presentations. Don’t expect to passively sit, listen to so-called experts, take notes, and go home uninformed.

This is an experience, an engaging event like no other.

We’ll host two impactful discussions. First, prominent industry experts will discuss life after TRID. Will mortgage lending truly be different? What will CFPB enforcement be like? But more importantly, what happens next in terms of new rules and regulations that will further reshape our space forever?

Second, we will assemble a panel of prestigious mortgage lenders. These lenders will discuss their technology buying processes and needs. How do they make decisions about what technology to buy? What technology are they looking at right now? You’ll get an insider’s look at how lenders view and buy technology like never before.

So, don’t miss out. This event will take place from 2:30 p.m. to 4:30 p.m. at the DoubleTree by Hilton Hotel San Diego Downtown Hotel located at 1646 Front Street, San Diego, California 92101 on October 18, 2015. This is the time to engage, be enlightened and excel with PROGRESS in Lending Association as we look to the future of mortgage lending. Admission to the event is free.

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