MReport August 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 7 of 66

6 | TH E M R EP O RT MTECH "This represents a new stan- dard for the appraisal industry that really addresses collateral risk," said Benjamin Smith, VP of Valuations at Veros. "These latest enhancements have added more intelligence and greater ef- fectiveness to an already invalu- able analytical tool and will help lenders and appraisal management companies comply with the GSEs' 'zero defects' inspection mandate." Other features have been added to further identify risk, including street views of subject proper- ties, dynamic mapping, compa- rable sales, and AVM values for neighboring properties. All can be viewed online with zoom-in capa- bility, mapping, and pinpointing. "As an automated appraisal scoring tool VeroSCORE fa- cilitates more informed decisions based on a solid determination of collateral value," said Luke Ziegenmeyer, Director of Product Management at Veros. "The enhanced report is now easier to use, providing more data than before at a fraction of the cost of most competing offerings." Veros originally built VeroSCORE from the ground up using proprietary risk assessment algorithms and a multifaceted rules engine that would provide appraisal-scoring technology that helped mortgage lenders, ser- vicers, investors, and appraisal- management companies (AMCs) make faster, better-informed deci- sions regarding collateral value. The company has said that when the Government-Sponsored Enterprises (GSEs) began requiring a quality-assurance strategy for prefunding apprais- als, lenders and vendors needed to thoroughly inspect appraisal reports for zero-defects, and VeroSCORE was in place to pro- vide the perfect solution. Elevating the Broker Experience CORELOGIC PARTNERS WITH ELM STREET TECHNOLOGY FOR BROKER PLATFORM. G lobal property infor- mation and analytics- provider CoreLogic has announced an agreement with Elm Street Technology, LLC to offer the Elevate Broker Operat- ing System and Services (BOSS) platform to real estate brokers. Elevate is an end-to-end solution that includes premium websites, lead generation and manage- ment services, CRM, mobile web solutions, social media management, blogging, and client-retention tools. Under the agreement, CoreLogic will serve as an authorized reseller, offer- ing Elevate through the Clare- ity DASH! platform to current broker clients. "We look forward to work- ing with Elm Street Technology," said Chris Bennett, Executive Leader of Real Estate Solutions for CoreLogic. "Both our companies are laser focused on innovating solutions that minimize complex- ity for brokers and their agents. With our Clareity dashboard and Trestle listing distribution solutions, we're already unify- ing and streamlining a host of common broker tasks. With Elevate, we broaden our offering to brokers even further. This new relationship reflects our com- mitment to offering innovative solutions that improve efficiency while increasing user adoption." "CoreLogic is a natural fit for us," said Prem Luthra, President and CEO of Elm Street Technology. "CoreLogic has a strong presence in the broker space and a depth of unique property information that makes brokers and agents more insight- ful. Together, we share a vision for a unified end-to-end broker and agent marketing solution that dramatically simplifies the technology and services real estate professionals utilize to operate their businesses." CoreLogic'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, consum- er credit, tenancy, location, hazard risk, and related performance in- formation. Elm Street Technology offers a portfolio of real estate technology and marketing services that provides one vendor, one point of contact, one solution fully fused into one platform to deliver a single source for new leads, client-relationship manage- ment, and client-retention tools for agents, teams, and brokerages. Going Mobile PAVASO PARTNERS WITH CLOSING EXCHANGE FOR MOBILE CLOSING SERVICES. C alifornia-based The Clos- ing Exchange announced that they have partnered with Pavaso, the provider of a collaborative e-closing platform, to deliver nationwide mobile closing services through The Closing Exchange's network of trained and certified sign- ing agents. The two technology leaders partnered to expand Pavaso's signing service coverage and system expertise leveraging The Closing Exchange's training- and performance-management capabilities across the nation. "Our partnership with Pavaso will expand their signing agent network with our vetted, trained, and tested notary network," said Alan Frelix, CEO of The Closing Exchange. "Our mutual clients, including lenders and title agents, will benefit from our proven training capabilities to train and certify our signing agent panel on the Pavaso system." Frelix continues, "This partnership expands The Closing Exchange's ability to provide its clients with expanded choices for how the signer wants to conduct its closing, including fully digital closings, hybrid closings, and traditional mobile notary closings, leveraging the nation's most comprehensive, vetted, and trained panel of notaries along with The Closing Exchange's communicative service model and technology." "We are excited to partner with The Closing Exchange." said Nancy Pratt, VP Partner Relations and Government Affairs for Pavaso. "Our focus is to provide best-in-class service on all loans closed on the Pavaso platform, as well as to ensure that the borrower has an exceptional closing experience. Their understanding of the mortgage process and workflow will ensure that borrowers, lenders, and real estate agents have the best closing experience every time." Texas-based Pavaso works to transform the mortgage process with innovative digital mortgage- closing technology facilitating fast, consistent, accurate, and compliant closings every time. Pavaso offers a single, collaborative, secure portal promoting transparency, efficiency, consumer education, and communication in a seamless format delivering value to every stakeholder involved in the transaction. The Closing Exchange offers dynamic vendor management and signing services to the mortgage, reverse mortgage, auto-lending, and structured-settlement indus- tries provided by a trained and trusted network of notaries and attorneys. "CoreLogic has a strong presence in the broker space and a depth of unique property information that makes brokers and agents more insightful. Together, we share a vision for a unified end-to-end broker and agent marketing solution that dramatically simplifies the technology and services real estate professionals utilize to operate their businesses." — Prem Luthra, President & CEO, Elm Street Technology

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport August 2018