PROGRESS in Lending Association is about a group of tech-minded executives and companies coming together to share ideas about how automation can benefit lenders, borrowers, investors, and servicers. Executives from these companies have come together to share their ideas, express their opinions and let their voices be heard as to how technology combined with sound business strategy can re-shape the mortgage process and in doing so, solve real business problems. We at PROGRESS in Lending Association hope that you will support our cause, be heard and play a role in moving the mortgage industry forward. Our partner/member companies include:
a la mode develops desktop, mobile, and Web tools for the mortgage and real estate industries. Celebrating 25 years as a mortgage technology leader, a la mode’s mission-critical products are used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to complete over half the nation’s residential real estate transactions. Their flagship product for lenders is Mercury Network. Mercury Network is the premiere Vendor Management Platform, or VMP, allowing lenders and Appraisal Management Companies to manage their entire appraisal workflow. It’s been used by more than 200,000 mortgage professionals since 2002 to completely automate the full “round trip” of tens of millions of appraisals. Mercury Network can be found on the web HERE. a la mode’s state-of-the-art offices are located in Salt Lake City, Oklahoma City, and Washington, DC. For more information, visit www.alamode.com.
Capsilon builds enterprise technology specifically for the mortgage industry, enabling lenders to improve loan quality while reducing production costs and turnaround times. Capsilon DocVelocity is a secure cloud-based document and data management platform that supports the full life cycle of a mortgage, from loan origination to servicing, by enabling document and data capture, document and data validation, collaboration, loan evaluation, transaction, delivery, and retention. To learn more, visit http://go.capsilon.com/pil.
Whether it’s a complete production platform, a single segment of your system or enhancement to your existing technology, Blueberry Systems is in the business of solving your real-world, day-to-day business problems. Blueberry Systems’ flagship technology, RELAY(tm), is a full-scale enterprise loan origination system (LOS) to be delivered either as a hosted-solution on remote servers (SaaS) or directly to your servers on-site. Its use of a universal data model makes RELAY an industry leader in data integrity. And our Patent Pending technology makes RELAY the first LOS on the market to integrate with one or more unrelated POS systems right out of the box. Blueberry Systems will work with you to identify areas of opportunity and how to make the most of them. We focus on daily challenges – like compliance and workflow issues, even technology itself – so you don’t have to. To learn more about how Blueberry Systems can help your company, please visit www.BlueberrySystems.com.
Cogent Road, Inc. offers two enterprise-wide software applications to the mortgage industry. Its Funding Suite application is the only credit management system with a dashboard that automatically distributes and manages rescoring leads, an e-folder for automatic processing of service orders and a means to earn additional income through a private labeled credit coaching program. Funding Suite’s recently upgraded Intelligent Credit Report now offers searchable tradelines and drill-down access to all data within the credit report. Cogent Road’s latest offering is Roohmz Mortgage, an automated workflow and collaboration platform that brings “assembly-line” quality and consistency to loan production. Roohmz offers applicants an interactive online experience while improving operational efficiency by completely automating previously manual work. Roohmz automatically handles preparation and delivery of disclosures, guaranteed compliance, delivery of all adverse notices, distribution and tracking of underwriting conditions and ordering tax returns, flood certificates, and LQI reports. Learn more about Cogent Road HERE.
Compliance Systems, Inc. (CSi) leads the market with new ideas in how to combine compliance logic and technology to more effectively document financial industry transactions. The company has literally pioneered new solutions in compliance documentation. CSi’s IntelleDoc Solutions leverage a single, data-driven system to dynamically assemble precise documentation for all key business lines, including Fannie, Freddie, FHA, VA, home equity, commercial and consumer lending, deposit and IRA accounts. Its rules-based system uses mainstream technology and is scalable, offering flexible deployment options. The built-in intelligence evaluates the transaction data then automatically selects and assembles accurate documents—all of which CSi warrants, providing a true competitive advantage. CSi’s philosophy of working as an extension of its business partners helps create a better user experience. For over 25 years CSi has set the standard for industry best practices delivering real value to its partners and financial institution customers. CSi can be found on the Web HERE.
Data-Vision offers The Path To e-Lending through a comprehensive suite of online services that include LoanQuoterand RemoteDocs. Offering products that are efficient, secure and easy-to-use, We enable lenders to quickly and affordably bring e-lending solutions to market. Our services are scalable and come with leading-edge capabilities including online originations, e-disclosures, instant decisioning, electronic document delivery and more. Data-Vision has been serving the internet needs of lending institutions since 1993. Our online solutions enable lenders to add value and build loyalty for existing customers, while reducing lending costs, minimizing risks and maximizing loan profitability. Data-Vision’s solutions are designed to provide the ultimate flexibility and maximized return on investment while providing the most advanced online functionality. Data-Vision is dedicated to providing you with The Path To e-Lending through unmatched innovation, flexibility and world class customer service. Data-Vision can be found on the Web HERE.
DocVelocity is a Web-based paperless solution designed to simplify the mortgage loan origination experience, enabling mortgage bankers, correspondent lenders or brokers to easily shift to entirely paperless processing. It creates a paperless environment by allowing originators to collect, review and share mortgage loan documents electronically. It has easy options for turning paper into electronic files, accepts documents in most electronic formats, automatically names and sorts documents as they enter the system, and enables instant sharing of documents among staff, borrowers and lenders with the click of a button. The system provides cost reduction, time savings, increased productivity, better management of compliance and risk, and reduced bottlenecks in the loan process. To learn more about DocVelocity, visit docvelocity.com.
Since 1994, eLynx has processed more than 50 million loans and provided lenders with the most innovative on-demand services for secure, paperless document collaboration and distribution. Hundreds of banks–including 25 of the top 50 U.S. banks–trust eLynx to help them capture and maintain data electronically throughout the document life cycle, automate paper-intensive processes, improve workflow, reduce costs and ensure compliance with industry regulations. expedite™, their end-to-end mortgage transaction platform, and eCN (electronic closing network) seamlessly support electronic delivery, electronic signature, electronic folder, fax, print-and-mail, and viewing. eLynx’s software-as-a-service (SaaS) delivery model allows enterprises to use expedite solutionsover the Web on an as-needed basis. Startup is quick, with minimal up-front cost, painless maintenance and enhancements, unparalleled flexibility, and true scalability. It also means you can chart your own course to e-mortgage knowing eLynx offers a fully integrated, proven end-to-end solution. eLynx can be found on the Web HERE.
Equifax (NYSE:EFX) is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers. Headquartered in Atlanta, Equifax operates in four continents and 15 countries, is a member of Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange under the symbol EFX. Equifax can found on the Web HERE.
eSignSystems has over a decade of experience helping organizations manage their business processes and transactions entirely online. The award-winning SmartSAFE enables organizations to create, sign, store, access and manage the lifecycle of legally binding electronic records (i.e. contracts, documents, forms). The SmartSAFE is comprised of integrated components that provides the functionality necessary to meet the technical and legal requirements of transactions governed by ESIGN, UETA, Revised Article 9 of the UCC, SPeRS and GPEA. In addition, SmartSAFE also complies with many of the international governance. SmartSAFE has optional modules that can be added to expand the capabilities of your SmartSAFE to suit your organization’s specific requirements. The SmartSAFE and any module together form the “SmartSAFE Bundle.” The “Bundle” has been deployed worldwide in the financial services and healthcare sector with an emphasis on insurance, banking and mortgage markets. eSignSystems can be found on the Web HERE.
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Close, manage and service loans more quickly and efficiently while minimizing lending risk with Fiserv technology solutions that reduce disparate software systems and redundant interfaces. Fiserv offers online, real-time loan processing solutions and a business partnership that will position you for future growth. Our LoanServ™ loan servicing solution and Common Origination Platform loan origination solution streamline internal processes; consolidate back-office functions; accelerate information exchange; provide a single, blended debt service operation; and mine every customer relationship for maximum profits. Over 16,000 customers worldwide look to Fiserv to help them reach their strategic objectives. Fiserv can be found on the Web HERE.
Five Brothers, founded in 1967, provides innovative, regulatory-compliant default management solutions that save time, eliminate errors and increase efficiency for commercial and residential mortgage servicers nationwide. Proven on-the-ground field services, experience-based partnering, advanced technology and knowledgeable customer and field service professionals, empower our clients to maximize asset preservation while reducing costs, streamlining operations and optimizing borrower relationships. Five Brothers is in business for one reason: To help mortgage servicers succeed by enabling them to improve default management operations, maximize mortgage assets and reduce costs. The company is committed to accomplishing its mission by providing field services, technology and related support solutions that exceed client expectations. Five Brothers performs above industry standards based on four key metrics: Quality, Cost effectiveness, Work order turn-around time, and Regulatory compliance. The firm’s default management and mortgage technology solutions are results-driven and client-centric. Five Brothers can be found on the Web HERE.
Global DMS, LLC is a corporation headquartered in Lansdale, PA that provides innovative commercial and residential real estate valuation software solutions that meet the needs of the mortgage industry. The company was founded in 1999 to deliver technology for managing the appraisal process to promote compliance, reduce cost and expedite the real estate appraisal process. Global DMS has retained 100% of its lender clients since its inception. Its solutions include the OASIS Management Platform, eTrac WebForms, Global Kinex and the MISMO Appraisal Review System (MARS). Global DMS can be found on the web HERE.
LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and ‘adoptimization’ services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit http://www.lendingqb.com.
Mortgage Banking Solutions, the preeminent management-consulting firm to the mortgage industry, proudly presents The “Lykken on Lending” radio program produced by mortgage for professionals, for mortgage professionals. The Lykken On Lending radio program is a first of it’s kind weekly 60-minute radio program hosted by mortgage veteran of 37 years, David Lykken, dedicated to helping mortgage professionals across the country stay informed on all the latest news in the industry. Each week we discuss the latest news & updates on interest rates; new rules and regulations coming at the industry; strategies on how YOU can drive more money to the bottom line; and the latest “hot topic” being discussed by knowledgeable top industry leaders. Tune in and listen each week (1 p.m. Eastern, Noon Central, 11 a.m. Mountain or 10 a.m. Pacific) by clicking HERE…
Mortgagebot observes that seven of ten mortgage shoppers start their search online, which makes “smart,” online technology the “must-have” solution for mortgage-lending banks and credit unions. So why not partner with Mortgagebot®, the Inc. 5000 company that leads the industry in online mortgage-origination technology? Mortgagebot provides its nearly 1,000 clients with PowerSite®, the only integrated point-of-sale (IPOS) solution for automating the mortgage-application process. You can originate, price, and approve loans in minutes—with full regulatory compliance—through every mortgage business channel: consumer-direct via the Internet, in the branch or call center, or through professional loan officers. Mortgagebot blends deep mortgage experience with innovative “cloud computing” technology to create scalable and affordable Web sites that help you deliver a superior borrower experience, increase volume, and compete more effectively. Mortgagebot also offers Mortgage Marvel®(www.MortgageMarvel.com), the award-winning mortgage-shopping service that delivers accurate, anonymous, real-time rate quotes in seconds from a nationwide selection of hundreds of lenders. Mortgagebot can be found on the Web HERE…
Mortgage Cadence has been partnering with lenders since 1999, offering the industry’s only true one-stop-shop mortgage technology solutions designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers the most reliable software and dedicated people constantly by your side, supporting and building you up every step of the way. Visit www.mortgagecadence.com for more information.
Motivity Solutions is a Colorado-based creator of culture changing technology that combines and enhances existing systems to simplify business by creating insight, efficiencies, and a sustainable competitive advantage. As an award-winning service provider, Motivity Solutions and its technology encourage a performance-based environment that aligns employees, managers, and executives to corporate goals and an improved bottom line. Motivity’s flagship product, Movation, was awarded the 2009 Release of the Year by Mortgage Technology magazine. The Movation Business Management Platform combines a company’s existing systems to fill technology gaps, optimize the organization, and simplify how the company does business. Movation provides industry leading business intelligence and reporting, automated workflow, a business rules management system, electronic content management and distribution, and enhanced relationship management through a fully integrated CRM. Motivity Solutions and Movation can be found on the Web HERE.
NexLevel Advisors is the premier strategic business advisory firm, assisting companies in growing their businesses more quickly and strategically than they could by themselves. NexLevel Advisors provides an array of customized solutions and services in business development, strategic selling, marketing, media/ public relations, social media marketing and lead generation to help take your business to the next level. We assist you with proven strategies, unique differentiation, action plans, execution, and executive level insight specific to your business. We are passionate about taking your business and people to the next level by differentiating your company and its unique offerings. Our renowned expertise and deep understanding of the markets you serve delivers increases in profitability and revenue, performance, customer satisfaction, and new business opportunities. NexLevel Advisors helps you experience significant growth in overall corporate value, resulting in value to your clients, employees, owners and shareholders. NexlevelAdvisors.com
OpenClose was founded in 1999 and headquartered in West Palm Beach, Florida. The company is a leading provider of an enterprise-class, purely browser-based end-to-end loan origination system (LOS) that delivers its solution on a software-as-a-service (SaaS) basis. The company provides a variety of Web-based solutions for lenders, banks and credit unions—from loan origination software to decisioning, reporting, website design and social media marketing. OpenClose’s LOS is completely engineered by the same company, thus avoiding assembling best-of-breed applications or acquiring technologies in an effort to create an end-to-end platform. The company focuses on providing lending organizations with full control of their data and creating a truly seamless workflow for comprehensive automation and compliance adherence. For more information, visit www.openclose.com or call (561) 655-6418.
Optimal Blue has clientele that is made up of hundreds of mortgage banking clients, representing thousands of users who generate millions of product searches, with the platform handling tens of billions in lock volume every month. But more than the numbers, Optimal Blue is founded on a core philosophy of propelling the industry further. It has led the industry and its peers in innovation. Optimal Blue is the only one to feature enterprise level, end-to-end pricing and secondary marketing automation enabling lenders to originate, price, lock, sell, hedge and report all from one platform. Lenders can touch the consumer, originator, secondary and capital markets with decisioning functionality that ensures accuracy and purchasability. Through its unification with Secondary Interactive, Optimal Blue has created an enterprise eco-system, which sets the standard for pricing and secondary marketing automation and workflow. The company can be found on the Web HERE.
The PowerLender Loan Origination & Processing System offers mortgage and consumer lending in a single system and merges the flexibility of refinable lending-rules technology with the cost savings of Internet deployment. PowerLender originates and processes any loan from anywhere and allows lenders to define workflow to meet their specific lending requirements without relying on programmers. It is a comprehensive, secure and robust loan origination system that serves as the catalyst to grow lending operations, rather than the obstacle that hinders success. Since 1978, ASC has been helping mortgage banks, community banks, credit unions and lenders of all sizes by providing quality software innovation, outstanding customer service and unparalleled technical support. For more information, visit www.powerlender.com.
QuestSoft is an established provider of comprehensive automated compliance software and services to the mortgage lending industry. The company’s products enable more than 1,500 banks, credit unions and mortgage lenders to simplify the collection, analysis, compilation and reporting of key lending data. Compliance solutions include Compliance EAGLE, HMDA RELIEF, CRA RELIEF and Instant Geocoder. Compliance EAGLE’s accurate reviews provide instant web-based checks for compliance with over 300 laws and 10,000 pages of regulations all integrated with today’s popular loan software systems. Additionally, the compliance platform checks for HMDA, flood, transfer tax & recording fees along with anti-fraud and other compliance concerns. QuestSoft maintains the most software interfaces into loan origination systems of any compliance vendor. QuestSoft can be found on the web HERE.
Rick Grant & Associates (RGA) provides business leaders with customized strategic messaging solutions designed to establish strong market presence, expand company awareness and significantly increase sales and revenue. RGA provides customers with creative communication strategy, designed to tell the stories that best compliment existing marketing initiatives. RGA creates the content, formatting the final collateral to fit any and all media platforms. Lastly, RGA distributes the customer’s stories, getting the media coverage to most effectively reach target audiences. In short, RGA provides the information necessary, in any form required, to effectively convert prospects into customers. Rick Grant, Principal of RGA, assembled a leadership team of individuals, all dynamically talented and each proficient in distinct areas. The company service offering is unique in that it includes experts skilled in journalism, copywriting, editing, publication design, graphic arts, production, audio/visual technology, media relations, and emerging media technology. RGA can be found on the web HERE.
Rogo Media is a dynamic graphic design, web design and multimedia company helping businesses position their brand and market themselves. The company can start from scratch or work with existing brand guidelines to create amazing marketing pieces for the client company. Whether it is collateral, websites, or presentations, Rogo Media assists in growing a client company’s brand. Rogo Media specializes in designing powerful solutions that promote your brand. Each of the company’s designs are custom built using industry standards so that the client stands out in the market place. Rogo Media helps the client’s bottom line by attracting new customers and providing innovative solutions that help the client keep existing customers. Located in Livonia, Michigan, Rogo Media has over 10 years of experience. The company provides high-quality work focusing on its customers’ needs. Rogo Media can be contacted on the web HERE.
Secondary Interactive provides pipeline risk management, best execution and loan allocation services that enable mortgage bankers to automate secondary marketing operations to operate efficiently and improve profitability. In 2008, Secondary Interactive was the first risk management analytics firm to infuse real-time product eligibility and pricing inputs into its capital markets analytics. Through its relationship with Optimal Blue, SI created and deployed an innovative platform that brings market data, investor pricing and product eligibility information, and originator pipeline data together in real-time. This platform offers a tremendous advantage for mortgage bankers by eliminating wasted time spent on data maintenance, the need for multiple investor workbooks or a separate hedging interface. With its “Triple Play” functionality, SI is the only risk management and analytic firm to have a real-time integration between the loan origination system, the product eligibility and pricing engine and the hedging, best execution & loan allocation platform. This functionality enables mortgage bankers to originate, price and sell a loan whether best efforts or mandatory all within a single user’s experience. Learn more about SI HERE.
Solidifi is a leading provider of appraisal management solutions to the North American financial services industry. The organization offers a flexible service platform for procuring collateral valuation from marketplace vendors and appraisers, which allows its customers to make incredibly smart decisions. Named one of Mortgage Technology Magazine’s ‘Top 50 Service Providers’ for 2010-11, Solidifi is headquartered in Toronto with an office in Chicago. Additional information about Solidifi is available HERE.
The Turning Point offers its award-winning MACH3 “Business Opportunity Engine” which delivers mortgage-specific CRM—and much more. MACH3 helps lenders identify high quality business opportunities—then drive them to the point-of-sale and initiate professional, compliant communications to convert them into clients. MACH3 also enables lenders to retain clients and maximize their value through repeat business and referrals. Presented as a unified SaaS platform, MACH3 uniquely incorporates both an end-to-end operational solution—driven by mortgage-specific rules-based intelligence—and a superior range of management control features. Specifically, MACH3 includes database management across prospects, customers and partners; personalized communication content creation and management; targeted campaign setup and implementation (mail and e-mail); prescribed hands-free programs and on-demand campaigns; one-stop shop for sales collateral materials; fully integrated production and fulfillment; performance measurement/accountability; multi-layered management oversight; superior strategic planning; smart resource allocation; brand support and management; and enhanced regulatory compliance.
Wingspan Portfolio Advisors is a Dallas area-based specialty and component mortgage servicer that applies advanced and highly specialized servicing techniques to turn non-performing mortgage loans into re-performing assets, regardless of lien position. Wingspan’s clients experience a success rate far above the industry norm, with 80% of modified borrowers continuing to pay after 12 or more months. Wingspan also manages the full spectrum of foreclosure alternatives, including an accelerated process for short sales that takes as little as one third of the time typically required. The company was founded in 2008 and is led by servicing industry veteran Steven Horne, a lawyer who formerly served as director of Servicing Risk Strategy with Fannie Mae and has held numerous other key positions dealing with troubled loans. Recognized for its proprietary methodology and sophisticated technology approach, Wingspan Portfolio Advisors was named “Servicer of the Year” by Mortgage Technology magazine for 2009-2010. Wingspan can be found on the Web HERE.
The Work Number®, a service of Equifax, is the largest source for employer-direct current and historical employment and income verifications. The service offers access to over 200 million records instantly and will manually complete remaining employment and income verification requests within days. Additionally, The Work Number offers IncomeChek®, a 4506-T tax transcript fulfillment service, and DirectChek®, an SSA identity assessment and authentication service. All of these tools provide more authentic, complete information to help in servicing, underwriting, fraud prevention, loan modifications and repurchase. The Work Number can be found on the Web HERE.
Xerox Mortgage Services provides the industry’s benchmark solution for mortgage document collaboration, BlitzDocs. The solution’s electronic loan folder helps mortgage participants efficiently originate, sign, underwrite, audit, deliver and archive both paper-sourced and native electronic loan documents. BlitzDocs also offers a secure personal signing room for eDisclosures and eClosings, and a protected eVault for delivery to the secondary market and loan archiving. Xerox Corporation’s breadth of divisions – including Global Services’ 100 Best Performing BPO Provider, ACS – enables Xerox Mortgage Services to leverage unparalleled BPO, auto document recognition, eRecording and print/mail services. Xerox Mortgage Services proven technology, extensive collaborative document network and unmatched capabilities make it the most trusted name in paperless solutions. Xerox Mortgage Services can be found on the web HERE.