MReport Jan 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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8 | TH E M R EP O RT 949-900-6630 For mortgage professionals only. This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with local laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice. Citadel Servicing Corporation is an Equal Opportunity Employer and does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, disability, veteran status, or other classification protected by law. Wholesale / Correspondent Non-Prime Lending FIRST TO MARKET FIRST TO INNOVATE FIRST TO LEAD PARTNER WITH THE LEADER IN NON-PRIME MTECH Ellie Mae's cloud-based platform enables lend- ers to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, qual- ity, and efficiency. SimpleNexus, LLC is a digital mortgage solution provider, connecting loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipeline, order credit, run pricing, and send pre-ap- provals—all on the go. The app can easily be shared with borrowers and real estate agents, giving them the modern mortgage tools they want and need. Committing to Equality INDUSTRY LEADERS PLEDGE TO MAKE GENDER EQUALITY IN THE WORKPLACE A PRIORITY. T he American Mortgage Diversity Council (AMDC) has formulated a statement of support for industry organizations to sign on, to affirm their commitment to gender equal- ity in the workplace. Through this Statement of Support, the organization is strengthening its commitment to fostering a culture of equality and respect within the mortgage industry. The statement was formulated by AMDC's member organizations and includes issues of pay, advancement and cultivating respectful work cultures. It is driven by four key affirmations: Valuing the contributions of all people equally regardless of gender identification or presentation and encouraging equal pay for equal work performed Conducting periodic reviews across organi- zations to evaluate possible areas of bias and implement solutions to remove bias if it exists. Supporting gender equality as a strategic objective by promoting opportunities to elevate the female executive population and thereby increasing the rate of retention, recruitment, and advancement of female employees Supporting the empowering of emerging female leaders by offering development, train- ing, and mentorship programs in strategic, operational functions for future opportunities. "The Gender Equality Statement of Support is the product of AMDC member organiza- tions standing as one to affirm the fundamental rights of women in the workplace," said Derek Templeton, Executive Director of the AMDC. "Organizational initiatives in 2019 will focus on continued opportunities to leverage the collec- tive voice of the membership in furtherance of our efforts to foster a culture of diversity and inclusiveness within the mortgage industry." The statement is already gaining the support of organizations within the mort- gage industry, which include, Aspen Grove Solutions, Beers Housing, Continental Real Estate Services, Doonan, Graves & Longoria, LLC, First Allegiance, Five Brothers, The Five Star Institute, Folks Hess Kass, JGM Property Group, Landmark Network, Laudan Properties, National Tax Search, Strategic Venture Partners, SVN Auction Works, and Wright Finlay and Zak. Boosting Investor Usability LOANLOGICS ANNOUNCED ENHANCEMENTS TO ITS INVESTOR MODULE, LOANHD. P ennsylvania-based LoanLogics, a loan quality technology provider for mort- gage manufacturing and loan acquisi- tion, has announced that it has enhanced its LoanHD Investor Module for Correspon- dent Loan Acquisition by expanding the mandatory loan commitment options and adding direct trade capabilities, improving the ability of both investors and sellers to lower costs and enhance profitability. In a statement, LoanLogics said that the investor module automates every step in an investor's loan acquisition workflow from initial loan pricing, creation, and management of commitments all the way through locking, hedging loan funding and onboarding. "By adding the ability to conduct direct trades through a greater variety of mandatory commitment types, LoanHD Investor Module can help investors conduct more targeted trades, reduce costs, maximize profits, and capture seller business in more ways than ever," said Melissa DeBlasio, Product Manager, Correspondent Lending Acquisition. "Sellers also have the freedom to direct the production with greater control and flexibility to maxi- mize their own returns." The new module includes new direct trade capabilities for investors to create loan com- mitments by agency, product and security type, and/or coupon rate. The platform enables investors to define which programs correspond to each security, which is then used for pricing and eligibility decisions. Enhanced commitment management helps investors to choose to blend unfilled com- mitment amounts into a new direct trade; roll open amounts to the next month and securities; extend open commitments to the next settlement month; or close off an open commitment with or without a pair-off fee. Trade confirmation where after every direct trade, the LoanHD Investor Module gener- ates a trade confirmation PDF, which includes commitment details, important dates, and eligible loan programs, as well as rate, adjuster and price information. Roll and pair-off in- formation can also be included in the trade confirmation PDF.

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