Residential Briefs

MBA NewsLink Staff

April 05, 2019

Texas Mortgage Bankers Association 103rd Annual Convention Apr. 28-30
The Texas Mortgage Bankers Association, Austin, Texas, will hold its 103rd annual convention April 28-30 in San Antonio at the Marriott Rivercenter hotel.

Keynote speakers include comedian Dennis Miller. The conference will address topics such as the agency of the future, culture driving efficiencies, mergers & acquisitions, outsourcing, production, the economic outlook, an analysis of the data behind efficient and profitable mortgage companies, and more.

For more information, click https://www.texasmba.org/convention/docs/schedule.pdf.

Resource Financial Services Partners with NestReady
Resource Financial Services, Columbia, S.C., partnered with NestReady, Boston, a technology firm that has developed platforms to bring all parties in the home buying process together.

The NestReady platform offers a transparent environment for potential homebuyers as they search for their house. Additionally, the lender can ensure an interactive and efficient user experience through access to NestReady's network of real estate professionals. Through NestReady's machine-learning, predictive analytics platform, Resource Financial's loan originators can gain actionable insight and retain customers by understanding their behavior through analysis and transactional data to take the right action at the right time.

Deephaven Mortgage, LoanScorecard to Co-Host Webinar Series
LoanScorecard, Irvine, Calif., and Deephaven Mortgage, Charlotte, N.C. announced they will co-host a free webinar series, called The Keys to Your Non-QM Lending Success, to help originators learn how to grow their pipeline and scale their business leveraging the non-Qualified Mortgage market.

The Keys to Your Non-QM Lending Success series consists of four 60-minute webinars. To register for one or all four webinars, visit https://register.gotowebinar.com/register/5891055056648136963.

Calyx Software Enhances Zip Point-of-Sale Platform
Calyx Software, Dallas, enhanced Zip, the company's point-of-sale platform, to provide larger organizations with greater control and transparency over individual user profiles.

With this update, banks, credit unions and non-bank lenders can designate a Chief Administrator, who has complete control to oversee, manage and standardize all of the company's individual user accounts. The Administrator can standardize content on each of their company's Zip user websites to ensure consistency and compliance with company policies. In addition, the Administrator can oversee activity and billing from all users, generate a single billing report and set up ACH payment.

CoreLogic Integrates Credit, Flood Services with LendingPad
CoreLogic, Irvine, Calif., announced its Instant Merge credit report and flood services are now available on LendingPad, a web-based loan origination system. They join previously available Flood Determination services from CoreLogic in a series of planned product integrations on the LendingPad platform.

The Instant Merge credit report provides specific demographic information, current and historical tradeline details and public records and inquiries with additional features such as identity verification, multiple scoring options and detailed creditor contact information. Lenders can request an Instant Merge credit report and find the most up-to-date borrower information available from the three major credit bureaus, Equifax, Experian and TransUnion.

Plaza Home Mortgage Expands Solutions Non-QM Program
Plaza Home Mortgage Inc., San Diego, expanded its Solutions Non-QM program to allow brokers and correspondent lenders to qualify more non-traditional borrowers.

The program is available on a delegated or non-delegated basis and is designed to enable clients to capture more non-traditional borrowers. The expanded program now offers clients more flexible features, including loan amounts up to $2.5 million; income documentation including 12- and 24-month full doc or 12- and 24-month personal and business bank statements; and debt to income ratios up to 50%. The program also offers interest-only options; expanded eligibility on all document types and lower reserve requirements. In addition, wholesale brokers signed up with Plaza can now send in the bank statements, and Plaza will calculate the qualifying income on their behalf prior to loan submission.

ServiceLink Partners with Tavant
ServiceLink's EXOS Technologies, Pittsburgh, partnered with Tavant, a digital products company.

Tavant's AI-powered digital lending platform, VELOX, is integrating with EXOS Title, EXOS Valuations and EXOS Close. Tavant, will use EXOS to support its first mortgage and home equity lines of business.

NEXT, Housing Finance Strategies Form Alliance
NEXT Mortgage Events, creator of NEXT women's mortgage technology summit, announced a strategic alliance with Housing Finance Strategies, an advisory firm led by Faith Schwartz, former executive director of HOPE NOW.

This alliance enables NEXT to establish a Washington, D.C. presence and expand its footprint into housing policy and regulations. It also allows Housing Finance Strategies to increase its visibility and reach among the NEXT community. The companies plan to collaborate on a variety of projects that advance executives' industry knowledge of housing policy and regulations, and promote effective deal-making.

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