MReport Jan 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 7 MTECH VISIT RCNCAPITAL.COM EMAIL INFORCNCAPITAL.COM CALL 860.432.5858 RCN CAPITAL, LLC IS LICENSED AS A CALIFORNIA FINANCE LENDER UNDER DEPARTMENT OF BUSINESS OVERSIGHT LICENSE NUMBER 60DBO-46258. ARIZONA MORTGAGE BANKER LICENSE BK-0932325. OREGON MORTGAGE LENDING LICENSE: ML-5571; NMLS COMPANY ID: 1045656. T H E U N I T E D S T A T E S over age 65 want to stay in their home for as long as possible. However, most older Americans don't have enough savings to cover retirement expenses or realize the life- style they'd imagined. According to a survey by the Insured Research Institute (IRI), only 25 percent of baby boomers believe they will have enough money in retirement. "We're building solutions to help Americans cope with this looming retire- ment issue," said Wendy Harrington, Figure CMO. "With rising interest rates, cash-out refinancing is an increasingly painful way to meet cash flow needs. For homeown- ers nearing or already in retirement, home equity may be the most important source of money they have to support retirement. By unlocking hard-earned equity with Figure Home Advantage, homeowners can aid their retirement with additional funds and less stress." Here's how Figure Home Advantage works. Figure buys the home and grants the seller(s) a lease that renews annually, putting the homeowners in charge of how long they stay. Homeowners get their proceeds in one lump sum to bolster their nest egg, cover their expenses, or fund what matters most to them. Figure takes care of the property management from there, covering property taxes, homeowner's insurance, and ongoing maintenance. United for Success RADIAN INTEGRATES VALUAMERICA UNDER ITS FAMILY OF COMPANIES. R adian Group Inc., headquartered in Philadelphia, announced that ValuAmerica, a Radian subsidiary offering settlement and appraisal products and services, has been renamed Radian Settlement Services Inc. The name change follows the debut of Radian's new brand identity in October. At that time, Radian also announced its plan to unite all of its subsidiaries under its new brand. "Changing ValuAmerica to Radian Settlement Services is a key next step in Radian's evolution as a broad spectrum solutions provider to the mortgage and real estate industries," noted Rick Thornberry, Radian CEO. "With every integration, we further strengthen our company and enhance our ability to deliver more of what our customers need to successfully manage and transact risk across the mortgage and real estate spectrum." Radian currently operates as a family of companies that includes Radian Guaranty, Radian Reinsurance, Clayton Holdings, Green River Capital, EnTitle Insurance Company, Red Bell Real Estate, LLC, Independent Settlement Services and the former ValuAmerica, now known as Radian Settlement Services. "The need for efficiency and the demand for speed has never been greater than it is today in the title industry," noted Eric Ray, Senior EVP, Technology and Transaction Services. "Through Radian Settlement Services, we are in a unique position to le- verage expertise, technology, and data across all of our businesses in order to deliver value-driven solutions for our customers." Collectively, Radian offers a full range of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing support, and custom insurance products for investors seeking to participate in emerging risk-sharing opportunities. Powering the Digital Mortgage ELLIE MAE PARTNERS WITH SIMPLENEXUS TO ENHANCE THE MOBILE MORTGAGE BANKING. E llie Mae, a cloud-based platform provider for the mortgage finance industry and SimpleNexus a digital mortgage platform that brings the home mortgage process to mobile devices have an- nounced an official integration partnership. The companies announced that the partnership would provide SimpleNexus' 180 clients and 18,000 loan officers with a fast and secure data transfer between Ellie Mae's Encompass Lending Platform and SimpleNexus' Mobile Originator tools. "We are excited to provide Encompass users with this secure and powerful integra- tion enabling the originator to do their job on-the-go, helping lenders improve relation- ships with Realtors® while getting more loans in the door," stated Matt Hansen, CEO of SimpleNexus. The direct system-to-system integration with Ellie Mae enables loan officers on the SimpleNexus platform to access to their entire loan pipeline, order credit, run pric- ing, view appraisals, and send pre-approval letters from their mobile device—all while syncing in real-time with Encompass. The companies said that their partnership would help lenders reduce costs and drive ef- ficiency in operations, improve loan officer productivity, and provide convenience and transparency to borrowers and real estate partners during the loan process. The lat- est integration delivers the fastest real-time Encompass data transfer speeds available in the industry.

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