Residential Briefs

MBA NewsLink Staff

February 12, 2019

Black Knight Launches Rapid Analytics Platform
Black Knight, Jacksonville, Fla., launched its Rapid Analytics Platform, an interactive virtual analytics lab where users can source and upload data, execute queries, perform complex analytics and train machine-learning models in a single workspace.

A cloud-based platform for working with big data, RAP features a workspace environment offering a mix of traditional analytics, machine learning and neural networks to help users create data-driven solutions and actionable analytic outputs. Black Knight assets available via RAP currently include nationwide assessor data, recorder data and real estate property and sales data; McDash loan-level and historical mortgage data; automated valuation models; and home price indices. RAP has ant analytics library that enables users to solve many challenges specific to the mortgage, real estate and capital markets industries. Additional data sets and analytics are continuously added.

BAI Launches New Compliance Training for Nonbank Financial Service Providers
BAI, Chicago, announced a new compliance training curriculum for nonbanks. This self-paced training courseware of more than 100 courses helps financial services leaders navigate new compliance regulations through tailored learning programs that provide real-world scenarios and context to lessons.

Each course is designed to provide relevant and up-to-date information so nonbank employees can adjust to the compliance regulations that impact their business. Leveraging these online courses helps financial services businesses better understand the latest regulatory requirements using the same BAI courseware that multiple state and federal regulatory agencies use to train their examiners.

Member First Mortgage Chooses Blue Sage Digital Mortgage Platform
Blue Sage, Englewood Cliffs, N.J., announced Member First Mortgage, a credit union service organization, has chosen Blue Sage as its mortgage origination platform.

All mortgages originated on behalf of Member First Mortgage's credit union members will be created through the Blue Sage Digital Lending Platform, a browser-based, scalable platform 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 to closing and funding.

FirstClose Integrates with Ellie Mae's Encompass
FirstClose, Austin, Texas, a provider of technology platforms for mortgage lenders, announced its reporting suite is now available through Ellie Mae's Encompass digital mortgage platform. The integration allows lenders to order FirstClose's solutions directly through Encompass to drive quality and efficiency in the loan origination process.

Services can be ordered directly from Encompass, eliminating duplicate keystrokes 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.

Fannie Mae: Consumer Sentiment Suggests Improving Affordability
The Fannie Mae Home Purchase Sentiment Index increased in January, rising 1.2 points to 84.7 and paring some of its recent losses. Fannie Mae attributed the increase primarily to an 8-percentage point jump in the net share of Americans who reported substantially higher household income today compared to this time last year.

The report said the net share of Americans who say it is a good time to buy a home increased 4 percentage points from last month to 15%, down 12 percentage points from a year ago. The net share of those who say it is a good time to sell a home decreased 1 percentage point to 35%, down 3 percentage points from a year ago. The net share of those who say home prices will go up fell 1 percentage point to 30%, declining for the fourth consecutive month.

Guild Mortgage Launches Guild-to-Go Mobile App
Guild Mortgage, San Diego, launched Guild-to-Go, a mobile application designed to offer real estate agents more transparency and efficiency throughout the loan process.

The company's real estate partners can connect directly with their preferred Guild loan officer from any mobile device or select a loan officer by location through the app's built-in map feature. Once registered, agents can refer their clients to Guild to start the loan application and pre-approval process with a few simple clicks.

Guild-to-Go is available for download on the App Store and Google Play.

CoreLogic Launches Enhanced Title/Closing Platform
CoreLogic, Irvine, Calif., announced enhanced title and closing features for lenders incorporated into Collateral Management System. It maximizes workflow efficiency around activity related to procuring title insurance, facilitating fee collaboration and streamlining closing tasks between lenders and all loan associated vendors.

The enhancements offer integration into TitlePort, a CoreLogic service provider facing platform providing connectivity to settlement agents and title providers to digitally accept orders and correspond with lenders via messaging or document transfer in a secure portal, eliminating email and providing compliance and peace of mind. The CMS and TitlePort workflow integration supports a standardized process, improves vendor relationships and communication while reducing closing turn time

American Financial Network Deploys CompenSafe to Provide Real-Time Reporting of Loan Originator Compensation
LBA Ware, Macon, Ga., provider of an automated incentive compensation and sales performance management platform for mortgage lenders, announced American Financial Network Inc., a mortgage lender with more than 125 branches nationwide, adopted CompenSafe to manage loan originator compensation plans with greater efficiency and transparency.

CompenSafe gives LOs a real-time view into their compensation and enables AFN to pay out commissions on a weekly basis. By automating work that used to be done manually, CompenSafe saves accounting staff time and decreases the frequency of compensation disputes and corrections.

Mortgage Coach, SimpleNexus Partner on Mobile
Mortgage Coach, Lehi, Utah, developer of the Total Cost Analysis borrower conversion platform for mortgage lenders, and SimpleNexus, which offers the home mortgage process to mobile devices through a digital mortgage platform, announced an integration partnership.

The partnership provides SimpleNexus' 200 plus clients and 20,000 Loan originators 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.

DIMONT Launches Enhanced Loss Draft Customer Support Service
DIMONT, Dallas, launched its Enhanced Loss Draft Customer Support service, which enables lenders to provide quicker and more effective resolution of loss drafts by outsourcing insurance claims-related communications with customers through email and direct calls.

This service augments DIMONT's Loss Drafts service, which allows borrowers, mortgage servicers and DIMONT staff to upload insurance claims-related documents and share status information electronically through a web portal. Users have real-time visibility of the loss draft status, a complete audit trail of uploaded documents and event tracking. Now, servicers can also let DIMONT take over the responsibility of communicating directly with their borrowers on claims-related issues.

Zillow Buying, Selling Homes in Houston
Home sellers in Houston can now use Zillow Offers to request a cash offer from Zillow to buy their home.

Potential home sellers in the Houston area can request a free, no-obligation cash offer from Zillow to buy their home. Once the seller accepts the offer, they are then able to pick a close date that works best for them. Houston is the first Texas market, and the seventh market nationwide, where Zillow directly buys homes, prepares them for showings and lists them for resale. Zillow Offers is currently available in Phoenix, Las Vegas, Atlanta, Denver, Charlotte and Raleigh. Zillow has announced plans to launch in Riverside, Dallas, Minneapolis, Orlando, Portland, Nashville and Miami by fall.

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