TheMReport — News and strategies for the evolving mortgage marketplace.
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8 | TH E M R EP O RT MTECH and technology needs. Since inception, the company has been dedicated to providing exceptional customer service to their clients. This vision fits in-line with Class Valuation's commitment to service and technology that is shaping the future of the valuation space, so more borrowers can realize their American Dream. Enhancing Consumer Focus ELLIE MAE HAS ADDED NUMEROUS ENHANCEMENTS TO ITS ENCOMPASS CONSUMER CONNECT PLATFORM. C alifornia-based Ellie Mae, a cloud- based platform provider for the mort- gage finance industry, announced enhancements to Encompass Consumer Connect, that include identity, employment, and income verification. These enhance- ments help lenders engage with homebuyers and provide a more streamlined application process, to help foster interest, engage bor- rowers and convert opportunities. The enhancements include the integration of Experian's CrossCore platform, which enables lenders to use a passive, multi- layered approach to establish identity and assess risk, providing a positive experience for borrowers. Mortgage lenders can com- bine historical data, such as demographic information, and first-party fraud risk assess- ment with step-up authentication methods to verify an individual during the applica- tion process. Upon submission of the loan application, the data is immediately sent to the identity verification provider and a re- port is generated and sent to the Encompass eFolder within one hour of submission. "At Experian, we are constantly inno- vating to modernize the mortgage process and support the industry's evolution," said Michele Pearson, General Manager of Experian Mortgage. "We're proud to work with Ellie Mae to maximize the power of data and analytics to more quickly and accurately authenticate prospective borrow- ers while helping businesses make smarter lending decisions." Streamlining Mortgage Originations CORELOGIC'S TOTAL HOME VALUE FOR ORIGINATIONS FLESHES OUT THE COMPANY'S AUTOMATED VALUATION MODELS. C alifornia-based CoreLogic has introduced a new solution for loan originations. The solution called Total Home Value for Originations Automated Valuation Model (AVM) is the latest addition to the company's Total Home Value suite of AVMs, which already include Total Home Value for Portfolio Monitoring, Total Home Value for Risk Management, Total Home Value for Marketing, and Total Home Value for Consumers. The Total Home Value suite of AVMs in- corporates new technologies and calibrations to deliver property valuations for specific business needs. With Total Home Value, users simply choose the AVM that best fits their business case. "Today, businesses often use an AVM that is less than optimal for their particu- lar use case," said Ann Regan, Executive, Product Management, Collateral Solutions for CoreLogic. "Total Home Value addresses this challenge by taking the guesswork out of selecting the right AVM. For example, our Total Home Value for Originations solu- tion is tuned to deliver the high reliability necessary for property valuation during the loan origination process and can be delivered with a full report, providing comparable property and other information necessary to help support the valuation. We believe it will help our clients accelerate their underwriting workflows and drive costs out." The new Total Home Value for Originations solution is specifically cali- brated and packaged to improve efficien- cies when performing property valuations during the purchase and refinance loan underwriting process. Designed with the 2010 Interagency Appraisal and Evaluation Guidelines in mind, Total Home Value for Originations can also help home equity mortgage lenders reduce their costs and enable judicious allocation of their resources for BPOs and appraisals. Mortgage lenders may also benefit from streamlined work- flows and reduced time-to-close—which improves the consumer experience. A New Solution for Borrowers JMA OUTREACH SOLUTIONS' MOBILE FIELD TECHNOLOGY SOLUTION WILL PROVIDE FIELD AGENTS WITH TABLETS AND PROPRIETARY TECH. T o commemorate 20 years of con- necting lenders with borrowers, JMA Outreach Solutions launched a new mobile field technology solution for the lending industry. JMA field agents are now equipped with secure, company-provided tablets and a proprietary technology platform that stream- lines the borrower outreach and engage- ment process. The new tablets and platform enable JMA's employee agents to collect information in the field real-time through