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:


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.


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.


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.


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.


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.”


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.”


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.


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.



And The 2017 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 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-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-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-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-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-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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Talking True Innovation


Over 100 mortgage executives came together to attend PROGRESS in Lending Association’s Fifth Annual Innovations Awards Event. We named the top innovations of the past twelve months. After that event, we wondered what would happen if we brought together executives from most of the winning companies to talk about mortgage technology innovation. Where do they see the state of innovation? And what innovation is it going to take to get our industry really going again? To get these and other questions answered, we got the winning group together. In the end, here’s what they said:

Q: Some say innovation has to be sweeping change. Others say innovation can be incremental change. How would you define innovation?

TYLER SHERMAN: Innovation comes from the Latin nova/novus, which simply means “new”. Innovation is a term that can be used anywhere anyone is trying something new. This doesn’t have to be new by global standards. What is new to one organization may not be new to another, but that doesn’t mean that the former isn’t innovating. Whether a firm is undergoing a comprehensive change or trying new things a little at a time, any time an old methodology is discarded in favor of a new one, it’s an innovation.

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MARK HOPKINS: I think innovation could be both, sweeping and incremental. The most successful innovators I know are always aware of the value of iteration. That means they release a tool that’s very useful, but is really only a smaller version of their bigger idea – the seed. Then, they build from there to create innovations that are sweeping. Ideas can be innovative, but to be considered successful innovations, I believe the ideas must also be well-executed, and that often means executed incrementally.

ROB STRICKLAND: Innovation represents a new way of thinking about and solving existing and anticipated industry challenges. Varying degrees of value can be achieved in line with the number of problems solved, ease of integration and use as well as the improved results achieved. Because mortgage origination is an extensive supply chain, the greater the number of dimensions a single solution stack addresses, the more valuable and “sweeping” it will be. Conversely, if a solution addresses a few challenges, but that solution comes with its own limitations, what is the point? For instance, piecing together functional modules based on disparate stone-age technology may represent vendor progress, but its inherent architectural limitations would forever restrict it from being labeled as the “break-through transformation” the industry deserves.

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CHRIS APPIE: The mortgage as a financing tool has been around for hundreds of years, and for much of that time the body of law governing it was largely based on case law. While statutory law has displaced case law as the tool that affects industry change in the last 50 years or so, that does not change the fact that the fundamentals of the mortgage system were built slowly over a long time period. Not surprisingly, changing that system and the processes around it takes tremendous time and commitment. Historically, ours is an industry of incremental innovations that lead to continuous improvement. That said, when there are significant innovations in our space, they are often implemented in response to a major regulatory change; the system is so complex that it literally takes government involvement to cause rapid innovation. I would say that innovations can be both sweeping and incremental but for our industry, the sweeping changes are almost always the result of major regulatory developments. It’s my hope (and the hope of many others) that our industry can somehow harness some of this energy and provide sweeping innovations to other parts of the mortgage system based on market conditions rather than governmental requirements alone.

CHERI BOOTH: Innovation is a new method idea or product to improve productivity, and bottom line profit. Sometimes you have an archaic process that consumes a large amount of labor and by innovating a new process you are able to get more productivity, which lowers costs and improves profit.

LISA BINKLEY: Innovation is identifying a need and creating the solution that fulfills that need. Some companies have solved market needs without identifying the need first. While lucky, that doesn’t count as innovation. Platinum, however, has a history of innovating. We identify marketing needs and produce solutions. We were the first to create an appraisal QC technology, and we’re still the only company to provide not only an AVM suitability testing technology, but also a free appraiser-facing appraisal review tool.

Q: How would you define the state of innovation in the mortgage industry? Is it thriving or in a state of decay?

TYLER SHERMAN: In terms of innovation, the mortgage industry as a whole is in a state of decay. There are some innovations to be found, but by and large, lack of innovation has been harming this industry for decades. While the size and global economic significance of the industry are well known, so are its outdated manual processes. A standard model has yet to emerge that accounts for the operational balance of human and technological resources and the best way to manage them, the hallmark of an industry that has yet to fully mature, even though the industry has existed for two centuries. Although spreadsheets, the chief analytics vehicle of the industry are considered primitive, and in certain cases are being discarded in favor of innovations like business intelligence, there is still a significant contingent that has yet to fully embrace spreadsheets. The degree to which pen and paper, or marker and whiteboard appear as the main record keeping vehicles with no digital counterpart serves to underscore and clarify the pronounced industry-wide reaction to regulatory or procedural changes like TRID. The new TRID rule basically asks mortgage lenders and brokers to be more efficient, essentially finishing loan files at least three days before the loan is scheduled to close. While some lenders are already doing this ahead of the deadline with considerable ease, most of the industry decries the change as insurmountable. This reaction is rooted in a lack of control that is emblematic of any underdeveloped firm or industry.

MARK HOPKINS: I think innovation in our industry is definitely thriving.  As margins shrink and competition heats up, lenders and AMCs are hungry for technology that will solve their new compliance challenges, as well as reduce their overhead and improve operations. When there’s a need like we have in the industry now, smart innovators really thrive. The PROGRESS in Lending Innovation Awards are a great snapshot of what the industry is doing as a whole, and I think it’s clear we’re in a very exciting time for technology innovation.

ROB STRICKLAND: I think the industry is somewhere in the middle. There are many new entrants seeking to address parts of the origination transaction. There does appear to be significant interest in modernizing and improving the user experience, which is clearly warranted. I think the best results will come from firms who have significant industry experience and a knack for using newer technologies to address broader business process challenges.

CHRIS APPIE: I believe innovation is thriving in the mortgage industry both because of market conditions and governmental regulation. It’s an interesting time. Because of the CFPB’s focus on the needs of consumers, the regulatory landscape is evolving based on the perceived needs of consumers rather than a purely market-driven environment. That evolution is not going to stall and companies are going to be forced to keep up with those requirements. In addition, consumers are driving the technology they want to use in all aspects of their lives, including financial transactions. This bifurcation will likely require more innovative development to keep up with demand that is–either directly or indirectly from the CFPB–being driven by consumers. Those in the industry who can’t offer innovative solutions to meet these challenges run the risk of becoming irrelevant and fading into the background.

CHERI BOOTH: It’s all over the board, I think sometimes there is a tendency for innovation to be overwhelming and I think that is why most people don’t implement. I think you need to segment your business into parts and then look to that segment. I would choose the segment that is hurting the most and then move towards the next one, etc.

LISA BINKLEY: When we compare innovation in the mortgage sector with the level of innovation in the rest of the world, it looks like we’re lagging behind. That said, I wouldn’t go so far as to say that we’re in a state of decay. Sure, innovation can be slow in our industry. But that’s because our industry has traditionally been slow at adopting new technology. Rather than innovating and trying to coax a community of slow adopters, most companies play it safe by copying existing technologies that have successfully created or broken new markets. Being an innovator isn’t easy, but someone’s got to take the lead and move the mortgage industry forward.

Q: Lastly, if there was one innovation that you would say the mortgage industry desperately needs to happen over the next twelve months, what would it be?

TYLER SHERMAN: The best possible course of action for any mortgage lender and/or the industry as a whole would be to learn from every other industry on Earth whose survival has depended upon the adoption of new business tools rooted in data science. Mortgage firms inherently have a treasure trove of transactional and ancillary data that if properly leveraged, can clarify business concerns, processes, and decisions and revolutionize the way they operate. Understanding the nature of corporate data stores and their potential, along with embracing the tools and techniques necessary to leverage that data to its fullest should be the chief concern of every mortgage enterprise in the market today.

MARK HOPKINS: Obviously, all innovation to support lenders in meeting new compliance and investor requirements should be our top priority. There’s a basic level of need that must be met, and those innovations may take up the majority of the next twelve months, leaving very little room for much else. However, stemming from compliance requirements around transparency for borrowers, I’ve seen some exciting progress on innovations that could actually create more mortgage demand by engaging more potential borrowers in the process.

ROB STRICKLAND: I think the industry has been craving an agile integrated origination solution that can simultaneously addresses its core challenges of Processing Efficiency, Customer Satisfaction, Compliance Rules and Lower Costs. Most of today’s well known LOS solutions are grounded in outdated inflexible architecture so their ability to orchestrate automated digital processing is severely constrained.   Newer Cloud solutions that can deliver an improved digital experience will be well received.

CHRIS APPIE: The next year is going to be focused on ensuring compliance with all aspects of Dodd-Frank without exposing lenders to more risk in the process. The industry needs to provide solutions that support business agility while helping lenders avoid the various and evolving risk types to which they’re exposed.

CHERI BOOTH: The loan originator needs to become the educator, not the sales person. The millennial is thirsty for information, but more importantly the right information, in short byte size chunks of video. The other thing that needs to happen is this customer requires a lot more patience on our part. They take a long time to make a decision. This borrower needs to research, absorb, research some more, make a decision. It is ultra-important for the word pipeline to be redefined, maybe even call it pre-pipeline.

LISA BINKLEY: A technology that leverages big data in the valuation sector. Virtually every other segment is using big data to make decisions. The mortgage industry, its components and it processes are at the crux of the American economy. Even so, the mortgage sector still fulfills the majority of the collateral valuation process manually. I’m not saying we need to rely 100% on technology. We need human talent, in the form of trained analysts in this segment. However, those analysts are missing out if they’re not leveraging big data analytics. Any entity that incorporates big data into their evaluations, whether the appraiser, AMC, lender or investor, will make better, safer—not to mention faster—decisions.

And The 2015 Winners Are …


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:

Blue Sage Solutions

BlueSagePROGRESS in Lending has named Blue Sage Solutions a top innovation. While interest rates have remained historically low, lenders have still had to contend with inordinate compliance burdens and untenable cost structures exacerbated by the inability of antiquated technology platforms to deliver on the promise of seamless automation and productivity gains. New industry requirements for digital audit trails and much improved customer service are now table stakes for lenders seeking to win in today’s hyper competitive mortgage lending environment. Why has no one been able to deliver the integrated automated system these lenders need and deserve? Well, now someone finally has.


ComergencePROGRESS in Lending has named Comergence a top innovation. The regulatory landscape has undoubtedly changed in the past few years, and nowhere is that more evident than in the area of third party relationships. With regulations driven by Dodd–Frank now in effect, lenders aren’t just being held accountable for their own actions, but for the actions of all the third parties with whom they do business. The CFPB and other agencies, including the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency (OCC), are closely watching how lenders manage and monitor their third party relationships. Comergence solves this problem.


CSIPROGRESS in Lending has named CSi’s TRID Solution a top innovation. This technology represents the future technology platform for analyzing, assembling, disclosing, and transmitting transaction data in the industry. CSi’s TRID Solution was created to address two monumental challenges facing the industry. First, the solution includes highly technical and dynamic compliance specifications and resulting transaction risks created by the CFPB’s TILA-RESPA Integrated Disclosure Rule (the “Rule”). Second, the solution addresses the GSE’s impending mandate that lenders deliver Closing Disclosure data in the new Uniform Closing Dataset (UCD). CSi’s TRID Solution uses revolutionary dynamic document assembly and data analytics to conquer the highly technical disclosure requirements and resulting transaction risks created by the Rule.


LoanCarePROGRESS in Lending has named LoanCare a top innovation. LoanCare, a ServiceLink company, is a leading national provider of full-service residential servicing to the mortgage finance industry and is reported to be ranked second among the top subservicers nationwide. In the past year LoanCare launched two major technology innovations: LoanCare upgraded its borrower-facing website ( and created a customer advocacy portal for borrower complaints ( LoanCare also addressed issues cited by the Consumer Financial Protection Bureau (CFPB) in its 2013 Supervisory Highlights publication as a specific problem area within the mortgage servicing industry: lack of shared information and inadequate access to borrower information.

Mercury Network

Mercury NetworkPROGRESS in Lending has named SureReceipts a top innovation. On January 7th, 2014, Mercury Network launched a new software application called SureReceipts. It was developed in response to the new federal ECOA Valuations Rule mandating that lenders provide a copy of all collateral valuations to the borrower, promptly and no later than three days prior to closing. SureReceipts is available to any lender or AMC (whether they use Mercury Network or not) and it securely packages the appraisal, sends an e-mail to the borrower letting them know the appraisal is available for secure download, and then tracks when the borrower viewed it. A full audit trail is recorded so lenders can prove their ECOA compliance later, if needed.

Motivity Solutions

MotivityPROGRESS in Lending has named Motivity Solution’s Movation Business Intelligence with Targeted Solutions a top innovation. This innovation involves implementing a complete, fully integrated and functioning mortgage business intelligence platform in three days. This is 30 times faster than the next best industry BI vendor claim (unsubstantiated) of 90 days. In less than one week, lenders are leveraging over 1,000 key performance indicators, 11 scorecards, 20 different data dimensions, 150 visualizers that include activity and pipeline metrics, as well as detailed report cards for each primary position within the organization. All of this helps increase organizational efficiencies immediately, as compared with all other mortgage business intelligence solutions, which require that all of the features outlined above be built from scratch.


Path2BuyPROGRESS in Lending has named Path2Buy a top innovation. The problem with most marketing aimed at first time homebuyers is that it assumes that the consumer has already made the decision to buy a home. That is where the Path2Buy Homeownership Coaching Program comes into play. Path2Buy is a program that assists mortgage originators with growing their purchase business by providing them with a system to effectively acquire, incubate and convert future homebuyers. By focusing specifically on renters, either those who have never owned a home before or those that are currently renting due to foreclosure or short sale, the Path2Buy program provides a system for educating these consumers and getting them on the path to becoming homebuyer ready.

Platinum Data Solutions

Platinum DataPROGRESS in Lending has named Platinum Data Solutions a top innovation. Platinum Data has created four industry-first technologies. First, RealView appraisal QC technology pioneered automated data verification for appraisals. It is the only software of its kind that (1) is designed specifically for lenders and AMCs, (2) uses business intelligence to provide a contextual analysis of data quality, and (3) is completely configurable. Second,, is a free appraisal review technology specifically for appraisers. In seconds, it screens each appraisal for the most common causes of returned appraisals, which routinely add days to loan turnaround times. Third, OptiVal automates AVM analysis, which enables the responsible use of AVMs. OptiVal is essentially a customized, turnkey rating system for AVMs. Lastly, Collateral Expert aggregates property data and provides comprehensive findings based on a property address for the current date or a date in the past.




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Mortgage Executive Gets Recognized

Mortgage Network, one of the largest independent mortgage bankers in the eastern U.S., today announced that its co-founder, Robert McInnes, has been named to Mortgage Executive magazine’s list of the 100 Most Influential Mortgage Executives in America. According to the magazine, the list recognizes the “service, dedication and hard work that mortgage executives put into building their companies and servicing their employees and clients.”

McInnes and Albert Paré III co-founded Mortgage Network in 1988, which provides a complete range of conventional, non-conforming, government and state bond residential mortgage loans. Since 2000, Mortgage Network has sold more than $35 billion in mortgage loans while building a reputation for delivering nationally acclaimed customer service. Last year, the company ranked #18 on Mortgage Executive Magazine’s “50 Best Places to Work.”

“It’s an honor to be named alongside so many great industry leaders,” said McInnes. “From the very start, our philosophy at Mortgage Network was to find the most talented professionals in the mortgage industry and give borrowers a level of service that they cannot find anyplace else. This recipe has been the key to our success.”

Here at PROGRESS in Lending. we are gearing up for our 4th Annual Innovations Awards. The application process is free, but the deadline is tomorrow. Apply HERE to get recognized.

And The 2014 Winners Are …


You Can Download The Full Article As A PDF HERE

Over 100 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:

a la mode, inc.

A La ModePROGRESS in Lending has named a la mode, inc.’s Mercury Mobile application a top innovation. This tool is a new application from Mercury Network designed for iPhone, iPad, and Android. Mercury Mobile is free to any appraiser and was developed in 2013 to keep lenders and AMCs connected to their appraisers, no matter where the appraiser is. Since appraisers are often in the field inspecting properties, it’s critical to give them tools to communicate in real time with lenders and AMCs so the valuation cycle stays on schedule, and lenders and AMCs don’t have to waste valuable time and money waiting to hear from an appraiser.

Compliance Systems Inc. (CSi)

CSIPROGRESS in Lending has named CSi’s Simplicity tool a top innovation because it represents the convergence of enterprise transaction risk management solutions delivered via a Web-based application. As a result of the market upheaval in 2008, lenders are becoming all too familiar with the demands of managing the various types of enterprise transaction risks: Operational, Liquidity, Reputation, Legal/Regulatory, Market, and Credit. A couple of years ago, one might have said, “It is becoming overwhelming.” Today, there is no doubt — lenders are officially whelmed. As a result, CSi has targeted its ongoing research and development into ways to aid lenders in managing and mitigating these risks.  To that end, CSi introduced its newest innovation, CSi Simplicity to the industry in 2013.


FiservPROGRESS in Lending has named LoanComplete from Fiserv a top innovation because it is a turnkey solution that ensures lending process efficiencies and compliance with complex government regulations. LoanComplete has improved the mortgage process by providing an overarching quality review that ensures that loans are complete and accurate across the entire loan processing operation. The solution has automated many manual processes that are traditionally needed to fill the processing gaps caused by legacy, disparate line-of-business applications that are used throughout the life of the loan. LoanComplete is unique because it leverages a new loan quality completion process, designed by Fiserv, that improves the overall mortgage process.


FormPROGRESS in Lending has named AccountChek, a Software as a Service product that helps mortgage lenders assess a borrower’s ability to repay, provided by FormFree Holdings Corp., a top innovation. AccountChek collects, certifies, and analyzes financial data to help lenders save time and make better lending decisions. AccountChek provides automated verification of a borrower’s deposits and delivers digital bank statements in a standardized, electronic format, along with an analysis of the data. With assets accessible from more than 15,000 institutions, and a totally paperless process accepted by Fannie Mae as an alternative to paper bank statements, there is no other solution that matches AccountChek’s capabilities on the market today.


ISGNPROGRESS in Lending has named CFPB Compliance RiskCheck a top innovation. ISGN has partnered with TRUPOINT to offer this Software as a Service, cloud-based self-assessment risk tool to be used by lenders to evaluate risk against the CFPB requirements. The system contains a series of questions pertaining to CFPB requirements, approximately 1,000 questions in total, which are broken out by originations or servicing and then by area of risk. In the end the system analyzes the inherent risk and control to determine the residual risk, using a taxonomy in line with the CFPB regulatory guidelines.

MRG Document Technologies

MRGPROGRESS in Lending has named CompliancePlus put out by MRG Document Technologies a top innovation. With the advent of January 2014, MRG re-evaluated its offerings in 2013. Not only was the technology upgraded to accommodate the necessary changes, but legal services were expanded greatly and a wealth of new ones added. This was all done to facilitate a demand in the industry to mitigate lender and vendor risk. The demand came in the form of lenders calling wanting to outsource entire portions of their business processes. This included everything from monitoring the disclosure and e-sign disclosure process to taking on entire back end closing department functions and beyond with pieces of the servicing aspect, as well. Vendors were also relying on MRG for the outsourcing of legal questions and guidance for compliance-related matters.

Congratulations to all the innovators that toil away every minute of every day to make the mortgage industry better. We at PROGRESS in Lending are proud to recognize your efforts!


And The 2012 Winners Are …

And The Winners Are…

True Innovators Recognized

Over 100 executives gathered to honor the top innovations. It was an event to remember. In the face of adversity the mortgage industry responded. Several new innovations arose to help aide the industry in its efforts to get closer to recovery. And that’s really what the Innovations Program is all about. We are the Good Housekeeping Seal of Approval, the Gold Seal when it comes to recognizing true mortgage industry innovation.

What were we looking for specifically? We are recognizing innovations that were introduced into the mortgage market between January of 2011 and December of 2011 that truly changed the mortgage market for the better. Understand that this is not a subjective competition. 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.

Also understand that this recognition was not decided by mere industry onlookers, all six industry experts that make up the PROGRESS in Lending Association Executive Team acted as judges and all were given an equal say in how applications were evaluated. In short, the winners were judged by industry peers who know the space inside and out, just like you do.

In alphabetical order, the top innovations of 2011 are:


a la mode, inc.

The rapidly changing regulatory landscape and the new GSE requirements significantly impacted the appraisal management and collateral valuation industries in 2011. Without critical innovation, delivery difficulties of the newly required MISMO 2.6 appraisal data could have choked origination pipelines at a time when this industry can least afford it. Since a la mode’s appraisal formfilling software is the choice of well over half the appraisers in the country, the company already had a presence on the desktop of a majority of the nation’s appraisers. That presence gave Mercury Network the unique opportunity to innovate a solution that streamlines the delivery of compliant appraisal data and ensures the easiest possible transition for all lenders and AMCs to easily comply with the GSEs new Uniform Collateral Data Platform (UCDP). In September of 2011, a la mode’s Mercury Network launched DataCourier, a new service that allows appraisers to easily deliver the MISMO XML to any lender or AMC they work for, without any manual file conversions or non-compliant e-mail attachments.


In 2011, DecisionReady tackled a tough industry problem—default mortgage servicing—head-on, and came up with a technology solution that has already had far-reaching effects. The challenge of how to manage the business of servicing defaulted and delinquent loans in an efficient, cost-effective, and, most importantly, compliant manner, is one faced by nearly all of today’s mortgage servicers. By combining up-to-the-minute technology with a shrewd business strategy, DecisionReady came out with a solution that delivers major advancements in the business of managing defaulted loans, while ensuring the servicing of those loans is compliant. The solution created by DecisionReady addresses the full range of issues faced by today’s servicers. The DRAW platform helps servicers reduce costs, improve accuracy, and reduce the compliance risk associated with servicing delinquent loans.

Five Brothers

Over the past couple of years we have experienced serve economic challenges. High unemployment rates, an epidemic of foreclosures and defaults, declining home prices and an economy that is struggling to get back on track.  This has been difficult on everyone, including municipalities. To combat this situation municipalities have turned to implementing a wave of new regulations, and municipal codes requiring strict vacant property registration.  Each municipality across the country has added their own requirements and penalties for not adhering to these strict vacant property requirements. Resulting in fines and fees for non-compliance. To provide an effective and powerful tool, Five Brothers Default Management solutions has applied over 40 years of default management expertise, deep knowledge and working experience with municipalities, and advanced technology to deliver the industry an innovative vacant property registration solution. This Web-based system leverages the most advanced vacant property registration database to deliver 24/7 solutions to servicers to ease their burden of handling vacant property registration.

GreenBar America

Mortgage technology is advancing but really nothing innovative has been created to change the consumer experience at the point-of-sale. That’s where GreenBar comes in. The GreenBar solution addresses the intent of the Consumer Financial Protection Bureau as it pertains to the mortgage transaction; it endeavors to eliminate intentional and unintentional product steering by mortgage originators; it provides the mortgage industry with a more effective, comprehensive, realistic and consumer centric definition and solution for adhering to intent of the “safe harbor” provisions; it protects consumers against loan originator bias (intentional and unintentional), as pertains to the selection or recommendation of a specific mortgage product and terms; it establishes a simple, easy to understand and universally accepted framework for evaluating the borrower’s ability-to-pay; it puts consumer needs as the starting point of the mortgage transaction; and it incorporates a standardized educational method into the origination process. To elaborate, the GreenBar Decision Engine enables mortgage borrowers to be “pre” underwritten by loan originators for the purpose of educating consumers as to the optimal product and strategy to maximize the likelihood that they will be able to meet their new long-term financial obligation.


The LoanSifter Available Mortgage Rate Index (AMRi) is the mortgage industry’s first complete, real-time mortgage rate index that is based on same-day rates and the only index that provides a realistic idea of what borrowers typically pay for a loan. Three main characteristics set LoanSifter AMRi apart. First, it provides the most accurate depiction of current and historical mortgage rates available on the market. It is the only index based on same-day rates. Rather than using past sources of information, the LoanSifter AMRi’s indices are created by leveraging real-time data from 25 wholesale and correspondent lenders. Second, the LoanSifter AMRi was created in partnership with the Federal Reserve Bank of Boston, one of twelve district Reserve Banks in the Federal Reserve System. Third, use of the LoanSifter AMRi is completely free of charge. The LoanSifter AMRi lists all relevant rate information all on a single page.


Recognizing that the lending industry would never be the same after the last industry down time and lenders would need smarter and more efficient solutions, MortgageFlex developed an offering that isn’t just new technology but a new solutions approach. One that addresses everything a lender needs to respond quickly and easily to the ever-changing rules and regulations and the demands of tech savvy borrowers while continuing to increase revenue. Traditionally, technology vendors simply upgrade to the latest platform (DOS > Windows > .NET) and tout the advantages. And while the latest advantages are numerous, there still needed to be a support solution paradigm shift to accommodate the lending transformation that has occurred. Just upgrading technology is not enough to be successful anymore; lenders need flexible pricing options, secure hosting choices and experienced resources. In short, they need a strong partner with new answers. To meet these needs, MortgageFlex redesigned not only the LoanQuest product offering but looked internally and evaluated their resources and processes.

Sperlonga Data & Analytics

The past few years have revealed a growing problem faced by mortgage servicers: delinquent homeowners association (HOA) fees causing delays in reselling foreclosed and defaulted residential properties. It has been said that this is “the biggest problem the mortgage industry has never heard of,” and it affects, in one way or another, over 24 million properties. Enter Matt Martin and team with a simple, yet ingenious, solution; find every HOA out there and bridge the gap between them and the mortgage servicer and investor community.Martin’s concept was the genesis of Sperlonga Data and Analytics, an Arlington, VA-based company created in 2011 to provide a technology-enabled centralized interface for HOAs and servicers, as well as an array of services to benefit both sides. Sperlonga’s technology facilitates the identification, delivery, and resolution of outstanding account balances related to association fees. Servicers and investors upload portfolios of properties directly into the Sperlonga workflow engine, and progress and results are viewable through a personalized Client Dashboard. This simplifies the overall process.



Market Analysis: Keeping An Eye Out For Success

*Keeping An Eye Out For Success*
**By Tony Garritano**

***We talk too much in our industry about gloom and doom. I know, we have a lot to be gloomy about, but still. My two sons are now taking piano lessons. When I hear them playing I’m so proud. Talent and success is infectious. And of course every parent is proud of their children, but let’s put that aside for a bit. Even when it comes to business, when you see a success in the works you can’t help but smile and maybe take some things away from that story to help your business grow. Here are two such success stories:

****First, not every technology vendor is contracting. For example, Capsilon has announced its expansion into a larger facility to accommodate the company’s growth and provide extended sales services to customers. Capsilon’s new headquarters, still located in San Francisco, doubles the amount of space the company had in its previous facility. The new, more centrally located venue, enables Capsilon to further build its sales team and provide strategic partners with enhanced third-party sales support with the addition of new employees.

****“After the success of doubling monthly revenue in 2011, this expansion allows Capsilon to accommodate for future growth,” said Sanjeev Malaney, CEO of Capsilon. “Not only are we increasing staff to our direct sales team, but also bringing on additional staff dedicated to assisting the sales efforts of our partners. This opportunity allows us to better serve customers with these additional resources.”

****In addition to the expanding sales team, the new location provides space for enhanced operations and customer support staff. To head up this growth initiative, Capsilon recently added a new senior director of operations to provide executive direction and leadership for company operations and continued expansion plans.

****As an example of additional support to sales partners earlier this year, Capsilon hosted a sales partner conference to demonstrate new products and discuss industry needs and best practices to better strengthen its partnerships and boost sales efforts. Capsilon plans to host similar conferences for its sales partners throughout the year to better serve their customers.

****Also, REO Allegiance, a nationwide field service firm, announced that it has been ranked as a leading U.S. business in two different categories by, a website that tracks minority-owned enterprises across the country.

****“We are very proud to be recognized again alongside so many other fine businesses in New Jersey,” said Lisa Sadaoui, president and CEO of REO Allegiance. “We believe that flourishing small businesses represent the key to a thriving economy, and we thank for honoring businesses that contribute to economic growth.”

****REO Allegiance was ranked as a Top 100 Woman-Owned Business in New Jersey (32) and a Top 100 Privately-Held Business in New Jersey (99). This is the second year the firm has been recognized by the business award program. The awards are based on a number of criteria, including annual gross revenue and the business profile on file with

**** is one of the nation’s primary resource portals for small businesses and large organizational buyers. It is a membership-based exchange platform that facilitates contacts and communication, streamlines business processes and provides vital business news and information.

****We at PROGRESS are gearing up to give kudos, too. You won’t want to miss our Innovations Ceremony. RSVP to attend HERE. True thought leaders will be honored. It’s going to be a memorable night. Success can be infectious.

And The 2011 Winners Are …


innovations-2011-bannerOver 100 lending executives gathered for this very special event. What is our Innovations Program all about? First, let’s talk about what we’re not. We’re not the Academy Awards that showcases tons of finalists in tons of categories, with judges unknown to the industry telling you who wins and loses. Instead, we are the Good Housekeeping Seal of Approval.

2011-innovations-party-shots-oneWe recognize innovations introduced between January of 2010 to December of 2010 that changed the mortgage space. Also, our Executive Team is made up of six professionals that combined have over 100 years of mortgage experience. Each of these executives act as equal judges. They know the space and you probably know them, too.

All applications that entered were scored on a weighted scale. We were looking for the innovation’s overall industry significance, uniqueness, positive change, the intangible efficiencies gained, and the hard cost and time savings that the innovation enables. In alphabetical order, the top five innovations of 2010 are:

DRI Management Systems

The unfortunate reality is that the mortgage servicing segment has neglected to innovate its core technology over the years, and it is now coming back to haunt not just servicing, but the entire industry. The servicing business was once simply just another department of every mortgage banking firm and depository institution making home loans. The industry was totally unprepared for the onslaught it faced, owing to the lack of innovation in core servicing systems, which were basically unchanged over the course of two generations.

When the crisis hit, the private sector, led by DRI, helped fill the workflow gap with increasingly sophisticated default management systems that were integrated with the main servicing platforms. This innovation provided much-needed technology for an area of the business that had taken a budgetary back seat to origination and secondary marketing since the late 1970s. As a result, DRI developed its Rincon offering to provide servicers the ability to handle many more loans using the technology than would otherwise be possible for individual servicing associates.

Field Asset Services

For years, property preservation companies have struggled with how to quickly, easily and accurately document completed work orders in the field. Many vendors rely on e-mail, FTP and photo sharing sites for this process, and there is no easy way to organize the photos, associate them with work orders and ensure that the photos represent an accurate record of the work performed.

To address these issues, FAS embarked on creating FASconnect. To make the photo management process truly automatic, FAS knew they needed to leverage the intelligence of a smart phone but at the end of the day, they still could not trust that the data on the phone had not been changed or tampered with from the time the photo was taken to when it was shared with FAS. To eliminate this doubt, FAS developed an application on the Android-based phone that would tie directly into the camera to capture photos in addition to the GPS, date and time information and then relay this information directly to a web server.


2011-innovations-party-shots-twoMISMO V3 Architecture and reference model have seen a consolidation of favorable opinions during 2010. Release Candidate 3.0 has been out for over a year. FHFA, Fannie Mae and Freddie Mac have adopted it and have published a schedule for adoption by all lenders that deliver loans to them. The participants and subscribers have continued to refine and develop the model. Release candidate 3.1 will be published in January of this year.

This advance incorporates Credit, MI, Document Classification, and Property Valuation. These have been major steps this year. In addition MISMO has incorporated all of the compliance requirements that came out in 2010. In the end, a single model that accommodates every aspect of the loan from the first contact with the borrower until the holding period after the loan has paid off will greatly reduce errors. High data quality and efficient processes will evolve as a result of this model. The hard work by the MISMO volunteers will enable the mortgage industry to be truly transparent and restore investor confidence.

Motivity Solutions

The Movation technology provided by Motivity Solutions speaks directly to industry needs like ensuring transparency, data quality, executive insight, total insight into the entire mortgage operation, etc. The Movation Enterprise Platform is a business management platform that combines the user’s existing systems to fill the gaps, optimize the organization and simplify the business. By connecting fragmented technology and plugging into existing systems, Movation actually is able to maximize the user’s insight and control over the entire mortgage business.

Movation’s innovative, performance-driven business intelligence capabilities are entrenched in the customers’ culture and will be instrumental as they deploy regulatory and business solutions in 2011. Through Movation, customers will strive to optimize efficiencies in an industry that is expected to see a 40% decrease in originations by yearend. Further, Movation provides the ability, to maximize revenue opportunities by placing the customer first. The configurable CRM functionality enables lenders to maximize lead generation relationships, enrich customer interaction and touch points throughout the loan origination process, and create life-long relationships.

NATION Technologies

The patented BIOWRAP file encryption and management solution developed by NATION Technologies allows companies and individuals to easily certify, secure, manage and track electronic information at rest as well as in motion. BIOWRAP customers are capable of encrypting any electronic information, designating retention rights and specifying precisely who is authorized to gain access. Certificate authentication supports digital and hardware tokens to create BIOWRAP encrypted files. It allows for encryption for any electronic information. Encrypted files are always protected and can be delivered by any electronic means (CD, e-mail, FTP, thumb drive, etc.). The encrypted file can only be accessed by the creator. Only those that present their certified biometric can gain access. Only those with a valid certificate can gain access. Specifically, Only members of the company or group can gain access.

In short, the BIOWRAP file encryption solution represents a cost-effective means to meet and even exceed State and Federal requirements for the protection of sensitive electronic information. The BIOWRAP solution serves to bring the confidence of a handshake back to the mortgage space.


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