MBA NewsLink Staff
Ranieri Solutions, Symbiont Partner on Blockchain Technology
Ranieri Solutions, New York, a financial services technology investment firm founded by Lewis S. Ranieri, partnered with Symbiont, a blockchain and smart contract company, to explore opportunities to use Symbiont's platform to improve the mortgage industry.
Symbiont has developed a platform for institutional applications of blockchain technology. Symbiont smart contracts enable complex instruments to live their entire lifecycle on a decentralized, enterprise blockchain network with end-to-end privacy. Ranieri Solutions LLC invests in, develops and applies technology focused primarily on the real estate and mortgage markets.
Mortgage Cadence Integrates with FormFree
Mortgage Cadence, Denver, integrated FormFree's AccountChek automated asset-verification service into its Enterprise Lending Center platform, expanding the loan origination platform's growing list of third-party services designed to streamline the mortgage process.
In addition to reducing burden on the borrower, AccountChek also minimizes the risk of human error that occurs when information from paper statements is manually keyed into software. Once users complete the asset-verification process through the integrated service, the AccountChek Asset Reports are securely stored in Mortgage Cadence's ELC.
Visionet to Launch New Offerings
Visionet Systems Inc., Cranbury, N.J., will offer "zero cost technology" as part of its services across multiple domains, including Title & Settlement, Underwriters, Appraisal Management Companies and Lenders.
Visionet will provide additional information about these services at the Mortgage Bankers Association's National Technology Solutions Conference and Expo Apr. 15-18 in Detroit.
CreditXpert Inc. Releases 9.3 Mortgage Software Update
CreditXpert Inc., Baltimore, released its CreditXpert 9.3 mortgage software update.
Included in the release are two new features in CreditXpert What-If Simulator, which gives loan originators the ability to forecast client credit scores after simulating the effects of various actions and changes, as well as general enhancements to the core software.
PRMG Rolls Out Down Payment Protection Program
Paramount Residential Mortgage Group Inc. rolled out its PRMG Plus Down Payment Protection program.
PRMG Plus covers borrowers regardless of what happens in the housing market by providing them with the option to protect their initial down payment should they not be able to recoup it when they sell.
BeSmartee, FormFree Integrate
FormFree, Athens, Ga., announced its flagship AccountChek automated asset verification service is now part of BeSmartee's mortgage point-of-sale platform. The integration will make BeSmartee's already-streamlined digital loan process faster and more accurate.
BeSmartee's integration with FormFree allows lenders to customize where they bring AccountChek into the origination workflow. The AccountChek Asset Report can be ordered by loan officers with a single click, or borrowers can initiate asset verification as a self-service process.
MortgageHippo Picks Matic for Integrated Homeowner's Insurance
Matic, Sherman Oaks, Calif., announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a lender-branded borrowing experience.
By integrating with Matic, MortgageHippo enables borrowers to secure the homeowner's insurance required for a residential mortgage loan closing at a competitive price. Matic uses loan and property data furnished by MortgageHippo to determine precisely how much coverage is needed, then scans the market to compare policies from multiple top-rated carriers.