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Integrations Further Digital Lending

There is no doubt that the industry is moving toward igiral lending processes. Vendors are helping move that ball forward in many ways.


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For example, EXOS Technologies, a ServiceLink company, and Blend, two leaders in the digital mortgage space, are collaborating in a dynamic partnership to further extend and enhance the consumer digital mortgage experience.  


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As part of the mission to offer a complete consumer digital experience, EXOS and Blend are partnering to deliver exact real-time appraisal scheduling functionality for lender clients using EXOS Appraisal, a core offering from the EXOS platform. This integration enables consumers seeking a new mortgage to seamlessly schedule appraisal appointments by accessing live calendars of tens of thousands of licensed appraisers in all 50 states.  Borrowers digitally select the exact date and time of their preferred appointment and receive instant confirmation plus a photo of their appraiser and the make and model of their vehicle. By automating appraisal orders and empowering the home buyer to self-serve, lenders can deliver on faster closings.


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“This is an exciting partnership as EXOS will help extend the level of digital connectivity for lenders utilizing Blend’s platform,” said Kiran Vattem, EVP, Chief Digital and Technology Officer. “EXOS helps address critical consumer touchpoints overlooked by most lenders.” 


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The EXOS Appraisal platform eliminates the back and forth that often slows down the appraisal process, therefore giving lenders the ability to close loans faster, improve pipeline management and boost consumer loyalty and satisfaction. “Blend is committed to streamlining the mortgage workflow, and EXOS adds yet another dimension when it comes to driving efficiency and automation in the appraisal process,” said Brian Martin, head of Business Development at Blend. “Partnering with EXOS provides the opportunity to offer a more complete digital mortgage experience and help our customers interact with borrowers on a deeper level.”

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Integration Offers Doc Prep And eSigning Automation

DocMagic, Inc. has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.


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The new integration was completed in only 60 days and provides seamless access to DocMagic’s fully TRID-compliant documents, state-specific disclosures and paperless digital mortgage process. Users are able to order, generate, manage, receive and deliver electronically signed TRID-compliant documents such as the loan estimate (LE), closing disclosure (CD) and other relevant lending documentation.


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“DocMagic believes in establishing system-to-system connectivity to as many parties as possible in order to efficiently and expeditiously complete transactions and close loans on time,” stated Steve Ribultan, director of business development at DocMagic. “Partnering with LOS providers like LendingPad is key to our goal of eliminating paper, ensuring compliance, and making the end user’s job as easy as possible.”


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DocMagic’s Audit Engine automates data and document validation throughout key phases in the lending process with continuous compliance checks, providing accuracy at all times. Mutual customers will realize greater efficiency and compliance adherence due to this integration. It significantly reduces time and costs, ensures data integrity, and eliminates errors that can lead to non-compliance.


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“We are pleased to partner with the industry-leading loan document preparation provider and look forward to a long-term relationship with DocMagic,” said Wes Yuan, managing director of WEI Technology. “With both of our platforms being completely SaaS and Cloud-based, there are a number of additional capabilities we can jointly leverage to make the life of the lender, originator and borrower much easier via digital lending.”

Partnership Seeks To Optimize Mortgage Origination

Finicity, a provider of real-time financial data access and insights, has launched an integration with LendingQB, a provider of SaaS loan origination technology solutions. LendingQB’s platform now uses Finicity’s digital Verification of Assets (VoA) solution to allow lenders to free up resources, increase processing speed and reduce mortgage fraud while providing borrowers with a more efficient and positive experience.


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“Digitizing the loan origination process is the key to the future of lending,” said Steve Smith, Finicity CEO. “We’re proud to be one of the tech providers behind this movement and are glad to work with leading digital loan originators like LendingQB to help the industry evolve and improve the experiences for lenders and borrowers alike.”


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LendingQB provides solutions that help mortgage lenders reduce costs, maintain compliance and increase profitability, while still putting their customers first. This comes from LendingQB’s unique approach to loan origination system building, layering its core platform with best-of-breed components to create the ideal solution for each lender.


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“At LendingQB, we pride ourselves on our ability to seek out the best technology and partnerships to combine with our solution,” said Tim Nguyen, CEO of MeridianLink, the parent company of LendingQB. “This creates a competitive advantage for lenders that delivers a more meaningful experience to the people that really matter: borrowers.”


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Both Finicity’s verification solutions are delivered under the CRA framework, which allows borrowers to directly obtain information on reports or resolve discrepancies. Finicity’s status as a registered CRA is a symbol of its commitment to consumer control and empowerment, as well as its dedication to the requirements of the lending space.

Finicity is an authorized, integrated provider of asset verification reports within Fannie Mae’s Desktop Underwriter (DU). This gives lenders a validated asset report through Fannie Mae’s Day 1 Certainty initiative. Finicity is also part of the Single Source Validation (SSV) pilot, meaning Fannie Mae will utilize transaction data from Finicity reports to validate assets, income and employment.

Finicity is also a Freddie Mac Asset and Income Modeler (AIM) service provider for assets and income, and Freddie Mac and Finicity are working together on new methods to validate income and employment from payroll deposit data.

Partnership Provides LOs Real-Time Rate Data

Mortech, a Zillow Group business providing mortgage technology solutions for mortgage lenders and secondary market teams, announced a new integration between Mortech’s product and pricing engine (PPE) and Blend, a Silicon Valley technology company bringing mortgages into the modern age. The integration provides lenders using Blend and Mortech the ability to provide real-time mortgage offers with an online mortgage platform to confidently guide borrowers through the mortgage loan process.


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Through the Blend platform, lenders can provide a more transparent online mortgage experience to improve borrower conversion and increase efficiency. With the Mortech integration, lenders using the platform will have more flexibility and control over custom pricing configurations for eligible products returned to consumers using the Blend application. Borrowers will also receive up-to-date mortgage rate offers from lenders through the integrated platform for a more streamlined mortgage application workflow.


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“Borrowers shopping for mortgage financing continue to demand a combination of guided online self-service tools with personal and professional support,” said Doug Foral, general manager at Mortech. “Mortech and Blend can better deliver real-time mortgage pricing and investor data to provide direct mortgage products and pricing to borrowers and enable lenders to make borrower-specific loan product decisions.”


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“We’re committed to providing the most efficient path toward homeownership, and partnering with mortgage technology leaders like Mortech allows us to deliver on and exceed consumer expectations,” said Brian Martin, Head of Business Development at Blend.


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Mortech supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, rate notification, prospect management tools, custom rate sheets, loan product eligibility and guideline services. Founded in 1987, Mortech is based in Lincoln, Neb. and is owned and operated by Zillow Group, Inc.

Blend makes the process of getting a loan simpler, faster, and safer. With its industry-leading digital lending platform, Blend helps financial institutions like Wells Fargo and U.S. Bank increase productivity and deliver exceptional customer experiences. The company regularly processes nearly $2 billion in loans daily, 

Partnership Uses APIs To Solve A Real Problem

RoundPoint Mortgage Servicing Corporation and Compass Analytics launched the industry’s first API to provide cash flow based, loan-level servicing release premiums (SRP) co-issue bids.


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In another initiative to improve the accuracy of MSR pricing and duration along with extending integration further into capital markets, Compass Analytics added automated loan-level SRP co-issue bids to its library of APIs and bid automation. RoundPoint will private-label Compass’ API and bid-automation offerings to integrate and automate their co-issue bids and commitments to the industry. Lenders, through their internal systems, hedge advisors or LOS systems can now integrate to RoundPoint to seamlessly receive and commit live co-issue SRPs as part of their best execution processes. Sellers or their partners can employ the same work flow currently employed by the industry for mini-bulk bidding and beginning June 10th, will also have the option of integrating into RoundPoint’s BidStream API. 


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Mike Duncan, Compass Product Manager, summarized the automation as follows: “The new live SRP quoting integration is an exciting leap in automating the best execution experience for the co-issue workflow. It’s a win for both the investor, who now has more opportunity to price more granularly and in real-time, and for the seller, who now has a simplified workflow and one that does not require managing complicated pricing grids.”  


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“By offering SRPs in real time through utilizing the Compass Analytics platform, we are able to inject more certainty into the process, thereby giving clients and prospective clients a way to secure the best price possible for their loans,” said Saket Nigam, Vice President Capital Markets at RoundPoint. “In keeping with our corporate culture of creating innovative mortgage solutions, we are the first co-issue buyer to offer this technology. We’re also excited about the future potential of this tool and applying it to other processes such as boarding loans which could create a more seamless delivery process and speed up closing and funding times.”


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Founded in 2007, RoundPoint Mortgage Servicing Corporation is a leading, national co-issue servicer, loan subservicer, and residential mortgage lender. As one of the nation’s largest non-bank mortgage servicers, it currently services nearly $90 billion worth of mortgage assets and is authorized to service loans in all 50 states, the District of Columbia and the U.S. Virgin Islands. The company is headquartered in Charlotte with an office in Dallas.

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ platform is revolutionizing the way home loans are formed and sold through the use of innovative real-time technology supported with services, expertise, and guidance. Compass’ suite of tools includes CompassPoint, CompassPPE, CompassBid, CompassDirect, and CompassCommit.

The Rise Of Remote Notary

The mortgage industry is slowly embracing remote notarization. For example, Notary Cam has integrated with DocMagic to make this service more available. Lenders can conduct remote online notarizations (RONs) through DocMagic’s Total eClose platform. Mid America will leverage the integration throughout its retail, correspondent and wholesale channels.


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“Since 2016, Mid America’s strategy has been ‘digital first.’ As a result, we have been able to condense our application-to-closing time down to just two weeks and our closing ceremony to 30 minutes or less with our digital mortgage product Click n’ Close,” said Mid America Owner and CEO Jeff Bode.


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“RON allows us to double down on our closing efficiency while also providing additional convenience to our customers. The addition of NotaryCam’s remote notary services through our established eClosing partner DocMagic enables us to extend the value we’ve experienced to date through our digital mortgage strategy.”


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To date, NotaryCam has conducted more than 160,000 RON transactions for individuals located in all 50 states and 90 countries. Thanks to RON bills that have been passed by multiple states, Texas included, NotaryCam’s team of highly trained and experienced notaries are able to remotely eNotarize mortgage loan documents or other paperwork for individuals across the country using NotaryCam’s secure, easy-to-use platform.


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The system does not restrict the number of participants that can join a RON ceremony, allowing all relevant parties to participate in the transaction.

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Partnership Enables Intuitive Mortgage Pricing Experience For LOs

Digital mortgage platform Maxwell has integrated with Optimal Blue’s secondary marketing platform. By leveraging Optimal Blue’s comprehensive product eligibility and pricing API, Maxwell’s open Connected Apps platform now enables an intuitive, design-led pricing experience for lending teams – significantly reducingcomplexity and accelerating time-to-close. 


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“Lenders on our platform tell us that transparent, accurate pricing is critical to achieve a satisfactory borrower experience,” explained Lindsay Hunt, head of product at Maxwell. “Optimal Blue shares Maxwell’s dedication to delivering a best-in-class experience, and we view this aligned partnership as an opportunity to reinvent the mortgage experience for borrowers and lenders alike.”


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With this advanced integration, lenders can evaluate product and pricing scenarios and share customized data with potential borrowers. Furthering Maxwell’s commitment to a relationship-driven mortgage experience, the loan officer is then equipped to deliver the true value and direction that borrowers desire as they pursue their optimal financing decision.


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“Together we are dedicated to creating an efficient, trustworthy and compliantloan experience that meets the diverse needs of today’s lending community,” said Bob Brandt, vice president of marketing and strategic alliances at Optimal Blue. “Data connections, like the one we’ve established with Maxwell, allow lenders to confidently – and accurately – source and disclose the various scenarios that today’s borrowers have come to expect.”


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As a member of HousingWire’sTECH100 for the second year and a recipient of Progress in Lending’s Innovation Award, Maxwell’s platform and API empowers mortgage lenders with a modern digital workspace that digitizes and automates key aspects of the homebuying experience, integrating with thousands of financial institutions and leading mortgage technology providers to streamline the lending process. Today, hundreds of lending institutions across the United States use Maxwell to close loans more than 45 percent faster than the national average.

“We always prioritize innovative features and partnerships that will make the mortgage experience more personal, more streamlined and more delightful,” said John Paasonen, Maxwell’s co-founder and CEO. “For us, it’s about empowering lenders to deliver an experience that will set them apart in the market. Our partnership with Optimal Blue falls right in line with that goal.”

Partnership Enables Synchronization Of Loan Pricing With The Nation’s Leading Online Marketplace

Lender Price, a provider of digital mortgage technology solutions, announced the completion of an integration of their Product Pricing & Eligibility (PPE) Engine with LendingTree. The integration with LendingTree allows mortgage lenders to synchronize their loan pricing in real-time with the nation’s leading online marketplace for financial services.


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Lender Price’s PPE technology is designed to process large amounts of pricing data and produce instantaneous responses that satisfy the expectations of today’s digitally-connected originators and borrowers. Their PPE generates accurate loan eligibility and pricing decisions in an extremely rapid manner, allowing users to “shape” loan scenarios in a continuous manner and view the resulting changes immediately on screen.


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By combining Lender Price’s advanced technology with LendingTree’s established online marketplace, borrowers and lenders benefit from a partnership that delivers fast and accurate mortgage quotes, furthering LendingTree’s mission to provide consumers with a broad array of information and tools at no cost.


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“Lender Price’s easy on-boarding and flexible loan price configurations will enable LendingTree to further expand our lender network to support lenders of all different sizes,” said Mehul Trivedi, senior director of platforms and product management at LendingTree. “Lender Price’s technology capabilities and versatility make it even easier for LendingTree to access digital pricing and present real-time offers from a diverse lender network to our online borrowers, bringing more choice and transparency into the loan process.”


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“Lender Price’s architecture and technology stack make complex pricing decisions seamless and easy. Our advanced algorithms make creating pricing rules using natural language rather than using control flow logic like ‘if-then’ statements,” said Dawar Alimi, CEO of Lender Price. “We’re thrilled to be a partner with LendingTree and look forward to an enormously beneficial relationship in the future.”

Automating Loan Workflows With Perfected Data

Capsilon, a provider of digital mortgage solutions, has partnered with Blue Sage, a browser-based, end-to-end mortgage platform, to automate key steps in the loan origination process. 


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As a result of the partnership, Capsilon’s patented document recognition and data extraction technologies have been integrated into the Blue Sage Digital Lending Platform to help mortgage lenders of all sizes drive down origination costs and improve customer satisfaction. The integration with Capsilon is made possible through Blue Sage’s unique application programming interfaces, or APIs, which make interoperability between third-party technology providers completely seamless.


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Capsilon IQ captures and perfects mortgage data from any source, eliminating manual data entry and comparison, and enabling automation with complete, accurate information. The Capsilon IQ platform helps lenders to speed up loan intake and reduce the manual work typically associated with handling inbound documents and data, so they can redeploy staff on more valuable tasks. 


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“We are very excited to partner with Blue Sage, as it represents the cutting edge of today’s mortgage origination technology,” said Sanjeev Malaney, CEO of Capsilon. “Blue Sage and Capsilon also share a common goal—to help drive down origination costs  while helping our mutual customers take on more volume, scale appropriately and create key competitive advantages that drive their business growth.” 


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The Blue Sage Digital Lending Platform is a browser-based, highly scalable solution capable of supporting any mortgage channel, including retail, wholesale and correspondent lines of business. Built, managed and delivered through a cloud environment, Blue Sage can be accessed on any device and handles pricing, underwriting and loan decision-making from the point-of-sale stage all the way to the closing and funding of a loan.  “Capsilon IQ perfectly and seamlessly complements our robust workflow tools and enhances our ability to deliver a truly unique, digital mortgage experience,” said Joe Langner, CEO of Blue Sage. “Not only will Capsilon’s technologies help save our lending clients time and money, they will improve quality and efficiency at every stage of the mortgage lifecycle. We couldn’t be happier to be working together.”

Gain One-Click Access To Improving Borrower Credit Profiles

Beta Music Group Inc. through its operating subsidiary Get Credit Healthy, Inc., a FinTech platform that provides independent mortgage originators with credit resources, education, data intelligence and lead recovery has partnered with ARIVE, a platform that offers the first of its kind mortgage marketplace designed to allow independent mortgage originators access to lenders, borrowers, and third-party vendors in a seamless ecosystem.


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Through a partnership with AIME, the Association of Independent Mortgage Experts, ARIVE will provide independent originators with the connections and tools to both compete in a crowded marketplace and serve increasingly tech-savvy borrowers nationwide.  Lenders and third-party providers want to make it easy for their customers, and AIME is over 35,000 strong. 


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ARIVE has multi-year contracts with a network of more than 20 wholesale lenders. That includes five of the top ten wholesale lenders in the country: United Wholesale Mortgage (#1), Caliber Home Loans (#2), Stearns Lending (#3), Flagstar Bank (#7) and Home Point Financial (#8). Combined, these lenders make up nearly half of wholesale market share. Top Renovation Lender AFR Wholesale, Reverse Lender Finance of America Mortgage, and Paramount Residential Mortgage Group (PRMG) are among the additional 20 wholesale lenders connecting to ARIVE.


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Elizabeth Karwowski, CEO, stated, ” We are extremely excited to partner with ARIVE to deliver one-click access to a host of credit services and solutions to assist the ever growing number of Independent Mortgage Originators on the ARIVE platform”


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Today’s fiercely competitive financial services market challenges originators like never before. Heightened pressure to create new loan opportunities, reduce prospect lead fallout, and provide better pipeline visibility poses a significant burden on independent mortgage originators.

To thrive under these market conditions requires a revolutionary new solution that transforms a currently untapped market into a well-qualified, well-informed applicant pool. Get Credit Healthy converts fallout into funded, helping independent mortgage originators close more loans while providing them with a significant competitive advantage. ARIVE, LLC., is a private technology company based in Philadelphia, Pennsylvania. Conceived as an engine to drive mortgage technology into the future, ARIVE offers the first of its kind mortgage marketplace designed to allow independent mortgage originators access to lenders, borrowers, and third-party vendors in a seamless ecosystem.