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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.

Partnership Streamlines Home Equity Loan Valuations

CoreLogic has integrated its OnSite property condition reports on the Ellie Mae Encompass all-in-one mortgage management solution. OnSite is a property condition report coupled with local market conditions and patent-pending features that are specifically designed to help institutions meet the Federal requirements when an Automated Valuation Model (AVM) is used for mortgage lending purposes.


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“Organizations are always looking for ways to improve efficiencies during the valuations process, particularly during the home equity lending process,” said Jonathan Nutting, senior leader, Valuation Operations, for CoreLogic. “As the first integration of its kind on Encompass, users will now be able to easily incorporate this solution into their existing workflows, saving them time and money in instances where an appraisal is not necessary.”


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OnSite is designed to help lenders comply with federal guidelines surrounding the verification of the physical condition of a property. In some home equity lending situations, OnSite can be leveraged with an AVM in lieu of an appraisal. All Onsite reports use a patent-pending algorithm to create an objective overall condition rating that supports the lender’s valuations processes.


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This integration also allows users to access OnSite Plus – a property condition report for situations where a licensed real estate broker or agent is required to gain access to a property, or when a local expert is needed.


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OnSite joins 15 other CoreLogic products currently integrated in the Encompass platform, including CondoSafe condo lending solutions, Instant Merge – the nation’s most popular 3-bureau merged credit reporting solution, flood determinations, Property Tax Estimator, LoanSafe Fraud Manager, LoanSafe Risk Manager, appraisal management services via Mercury Network, Merge Plus credit supplements, 4506-T Direct, FinalCheck LQI Compliance, automated valuation models, SSN Verification and several services within the Ellie Mae Total Quality Loan.

CoreLogic is a property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services.

Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific.

Integrations That Make Sense

Black Knight and LERETA have partnered to enhance tax reporting services to Black Knight’s MSP servicing system customers.    


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The relationship aligns LERETA’s commitment to innovation with the processing power of the MSP system. The relationship will allow servicers on MSP to enjoy enhanced integration to improve data exchanges, a reduction in payment timeframes, the elimination of manual report entry errors, improved processing with unique functionality, greater accuracy, enhanced tax-specific processing and an improved customer experience.


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“This alliance demonstrates our continuing commitment to driving innovation in property tax servicing,” said John Walsh, CEO of LERETA. “It also shows how the respective leaders in tax service and servicing systems can work together to improve this critical servicing function. Servicers using LERETA for tax on the MSP system will now have more automation and decrease in risk.”


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The integration will allow loan servicers to onboard loans faster and removes the burden of creating manual tax reports and other antiquated manual processes, which dramatically improves reporting accuracy and responsiveness for the servicer, the tax provider and loan processing system. The system enhancements mean decreasing the risk of delays in paying taxes and reducing tax penalties, while offering better collaboration and improved customer service.


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“Integrating LERETA’s tax service with Black Knight’s industry-leading MSP system demonstrates our ongoing commitment to continuously enhance our technologies with the highest-quality capabilities,” said Black Knight President Joe Nackashi. “This innovative tax service will further streamline the onboarding process for our clients, increase process transparency and provide a better customer experience.”

LERETA introduced one of the newest technologies to the tax service industry in 2016 with the launch of Total Tax Solution (TTS), the core processing system for LERETA’s outsourced tax clients and an ASP solution for standard tax reporting clients. 

The new strategic relationship marries the power of MSP loan processing with LERETA’s comprehensive nationwide tax database to provide real-time visibility and transparency to tax service at the portfolio and loan level. This translates to more call center efficiencies and improved customer service.

“Customer service is always the biggest concern for servicers, and the launch of our Total Tax Solution has changed the way our customers can support their customers,” Walsh said. “TTS dramatically improves the transparency of tax service, which has helped reduce the number of real estate tax-related service calls by over 30 percent. The implementation of TTS has also resulted in industry-leading customer service call times; and 85 percent of tax-related calls are resolved on the first call, dramatically improving customer experience.”

The Black Knight MSP loan servicing system is a single, comprehensive platform used by financial institutions to service over 34 million active loans – more than any other in the mortgage industry. MSP is an end-to-end system that includes all aspects of servicing, including loan boarding, payment processing, escrow administration and default management. The system’s comprehensive functionality helps servicers increase efficiency, reduce operating costs and improve risk mitigation – all while supporting servicers’ regulatory requirements.

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New Integration Improves Pull-Through Rates

Mortgage Coach, the developer of the Total Cost Analysis (TCA), the first borrower conversion platform for mortgage lenders, and SimpleNexus, the leader in bringing the home mortgage process to mobile devices through their dynamic digital mortgage platform, has announced an official integration partnership.


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The partnership provides SimpleNexus’ 200 plus clients and 20,000 LO’s increased pull-through or loan application conversion rates through Mortgage Coach’s Loan Comparison, TCA and SimpleNexus’ Mobile Originator™tools. When a borrower first uses the SimpleNexus mobile app with this integration in place, a TCA record will automatically be created for them in Mortgage Coach where loan originators can personalize and narrate the Total Cost Analysis details. The borrower can then compare different loan products and choose the one that is best for them through access to these details directly from the SimpleNexus mobile app home screen.


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“Mortgage Coach has first and foremost always kept the consumer in mind.  We’re proud to work with a company that brings transparency, and increases trust between consumers and lenders,” stated Matt Hansen, SimpleNexus Chief Executive Officer.

Through a transparent and educational experience, loan officers can demonstrate their commitment to their customer and the value of their role in the mortgage process delivering a complete and personalized experience, with graphs, charts, videos, and audio recordings, on any device. Update presentations/TCA information real-time. Loan officers stay in the know of when their presentations have been viewed with mobile report tracking. 


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“Synergy One provides one of the broadest sets of mortgage options of any lender today. Now, with a Mortgage Coach Total Cost Analysis for every application, our Synergy One app can help ensure the benefit and cost of every loan option is clear for any borrower. The innovation will enable our professionals to quickly tailor every loan option to specific financial goals of their client, part of our Synergy One commitment.” – Steve Majerus, President of Synergy One. 


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“By adding the Mortgage Coach Total Cost Analysis automatically to every application, Simple Nexus has delivered on two of the most important needs borrowers demand in the mortgage approval process, ease and options. Our mutual lenders need to convert every transaction by reducing fallout. This innovation provides a TCA at the earliest possible point in the application process, establishing trust and commitment from day one with the borrower.” – Joseph Puthur, President Mortgage Coach.This Best-In-Class integration provides a better way to engage, interact and communicate with borrowers, loan officers and real estate partners during the loan process. Ultimately, the partnership between Mortgage Coach and SimpleNexus provides a better borrower experience earning more loan commitments for any Lender today. 

Partnership Furthers A More Digital Process

FirstClose, a provider of technology solutions for mortgage lenders nationwide, announced that its reporting suite is now available through Ellie Mae’s Encompass digital mortgage solution. The seamless integration allows lenders to order FirstClose’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.


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Services can be ordered directly from Encompass at the touch of a button, eliminating duplicate key strokes when placing orders. When orders are returned, data points are sent back to Encompass, which automatically populates critical fields such as the full legal description and vesting information from the title work, the appraised value from the valuation product selected, and more. Copies of the completed reports are automatically imaged into Encompass. The integration reduces human error, as well as costs and closing times.


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Ellie Mae is a provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass digital mortgage solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.


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“Seamless integration between the LOS and valuation and settlement services helps lenders close loans more quickly and efficiently,” said FirstClose CEO Tedd Smith. “Our secure integration with Encompass enables our clients to simplify the process of ordering our solutions, so they can more easily process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.” 


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FirstClose is a provider of best-in-class property & borrower data intelligence and settlement services nationwide. The company specializes in delivering a powerful web app and LOS plugin that is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing and recording) on one easy-to-navigate platform.

In addition, the company delivers simplified vendor management by consolidating vendors and products on one platform.   FirstClose makes it easy to identify and repair the gaps where lender profits can be maximized.

Partnership Simplifies Disclosure Management

Digital mortgage provider Maxwell has released its disclosure management platform, which enables borrowers to securely access, review and sign loan disclosure documents directly within the Maxwell experience. The launch partner for Maxwell’s disclosure platform is Docutech, a provider of document, eSign, eClose and print fulfillment technology. Maxwell’s disclosures platform enables a seamless borrower experience while expediting compliant disclosure collection for lenders.


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In partnership with other mortgage technology providers, Maxwell’s digital mortgage platform is designed to simplify and consolidate the mortgage lending experience for borrowers, providing an unparalleled user experience that reduces complexity and accelerates time-to-close. 


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“While digital mortgage technology has vastly improved the mortgage experience in recent years, disclosures have long remained a detractor for borrowers in an otherwise streamlined lending experience,” said Lindsay Hunt, Head of Product at Maxwell. “We’re thrilled to continually to remove complexity for borrowers and the lending teams they work with every day.”


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With the release of the disclosures platform, borrowers working with Maxwell-empowered lenders can now review and sign disclosures directly in Maxwell from their computer, tablet or smartphone. 

“Our goal has always been to create a centralized, relationship-driven mortgage experience so that borrowers receive a consistent digital experience from application to clear to close,” said John Paasonen, Maxwell’s co-founder and CEO. “Our partnership with Docutech takes us one step closer to that goal by allowing us to offer an efficient, compliant loan origination process that meets the expectations of digitally savvy borrowers.”

A recipient of Progress in Lending’s 2018 Innovation Award, Maxwell’s platform powers mortgage lenders with a modern digital workspace that digitizes and automates key aspects of the home-buying 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.