MReport October 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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8 | TH E M R EP O RT MTECH than other methods, reducing delays signifi- cantly. It offers search options so that a user can open a case in seconds rather than search through large amounts of spreadsheets and other data systems. For added security, Fraud Case Manager limits usage to authorized parties, reducing the risk of data breaches in more open systems such as spreadsheets. Fraud Case Manager also gives the option for users to create reports and analyze data in order to provide a clear picture going forward. "Fraud will never be eliminated—lenders' best defense is identifying trends as quickly as possible," McCall said. "Now they can uncover the issues that trigger investigations in moments, whether brought about by staff members, oversights, or any other variable. That's the biggest step forward lenders can take in mitigating fraud risk." First Data Partners with Ellie Mae ELLIE MAE'S ENCOMPASS CONSUMER CONNECT IS NOW ENHANCED WITH PAYMENT SOLUTIONS FROM FIRST DATA. N ew York-based First Data, a commerce-enabling technology provider, recently announced that it integrated with the Ellie Mae Encompass Consumer Connect lending platform. Together, the two companies will integrate secure-payments technol - ogy to process mortgage and appraisal fees, allowing Ellie Mae customers to accept payment for all costs related to the lending process,including loan-origination, processing, underwriting, and credit reports. "First Data is thrilled to deliver our fast, simple, and secure payment technology to the banks, credit unions, and mortgage- lending companies Ellie Mae serves," said Jeff Shanahan, EVP, Head of CardConnect at First Data. "Our relationship will enable Ellie Mae to deliver a simple and secure solution for its clients and further enhance consumer engagement for lenders." Through this relationship, Ellie Mae will leverage the BluePay Gateway, which is now part of the CardConnect ISV platform. First Data's CardConnect and BluePay have recently consolidated into a single, integrated payments platform under the CardConnect brand to create an offering that allows soft - ware companies to more easily add secure payment processing within SaaS, mobile, and point-of-sale applications. According to a statement by First Data, in 2017, Ellie Mae reported total revenue of $417 million. Ellie Mae serves 3,500 financial insti - tutions and mortgage-lending companies and processes more than one-third of mortgage- loan applications in the United States. Ellie Mae has been an enterprise merchant of BluePay since 2010. The BluePay Gateway is integrated with Encompass, Ellie Mae's digital-mortgage solution, and now provides additional functionality within Ellie Mae's recently announced Encompass Consumer Connect. Promontech Platform Integrates with FormFree's Asset Evaluation Solution THE INTEGRATION ALLOWS LENDERS TO COMPLETE THREE INTEGRATIONS SIMULTANEOUSLY, MAKING THE APPLICATION PROCESS MORE EFFICIENT FOR LENDERS AND APPLICANTS. D enver, Colorado-based PromonTech, the technology unit of Promon- tory MortgagePath, announced the integration of its point-of-sale (POS) solu- tion Borrower Wallet, with FormFree®'s automated asset-verification service, Ac- countChek ® . PromonTech said AccountChek was the first asset-evaluation solution to be ac- cepted by Fannie Mae's Day 1 Certainty program, and as a result of this integration, its Borrower Wallet clients could now take advantage of Day 1 Certainty, as well as streamlined asset verification and accelerated credit decisioning. Borrower Wallet is a white-label Omni- platform POS that engages with customers using any computer or mobile device on either a self-serve or loan officer-assisted basis. It is designed to build confidence and make it easy for the borrower to enter information, approve automated data collection, upload/ esend documents, sign disclosures, use the closing center, and stay informed from origi - nation through loan closing. According to PromonTech, Borrower Wallet promotes both applicant self-service and values the role the loan officer plays as a trusted advisor. "FormFree was designed to streamline the loan-origination process and reduce risk by providing better insight into borrowers' abil - ity to repay," said Brent Chandler, Founder and CEO of FormFree. "Our integration with Borrower Wallet enables PromonTech to instantly complete three verifications—as - set, income, and employment—in one action that is simple for applicants and more ef- ficient for lenders." AccountChek's Asset Reports are used by lenders nationwide to verify borrower assets, employment, and income in minutes. The fintech company based in Athens, Georgia, also offers automated analysis and

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