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TH E M R EP O RT | 7 MTECH property, and local housing market by ac- cessing the servicer's data on Black Knight's MSP system, as well as the company's property records database; advanced analyt - ics; and the option to utilize automated valuation models. The solution also helps servicers connect regularly with borrow - ers by providing insightful, value-added information to customers wherever they are when they want it. "Servicing Digital is just one example of the many innovative solutions Black Knight is delivering to our clients," said Anthony Jabbour, CEO of Black Knight. "We are pleased that U.S. Bank will be able to of - fer this consumer-centric solution to help customers make more informed decisions about building wealth from their real estate assets, and ultimately help them retain more customers." Servicing Digital enables U.S. Bank to customize the application, integrate it into the bank's platforms, and to match U.S. Bank's brand identity, providing seam - less user experience. The bank will use Servicing Digital as a responsive web ap- plication integrated with its banking website and mobile apps. Lowering Origination Costs OPENCLOSE'S NEW POINT-OF-SALE SOLUTION IS AIMED AT IMPROVING EF- FICIENCIES FOR LENDERS. O penClose, a loan-origination sys- tem (LOS) and mortgage fintech provider, announced the rollout of its digital mortgage point-of-sale (POS) solution, ConsumerAssist Digital POS. According to OpenClose, "as a single source vendor for digital POS, LOS, PPE, and business intelligence, OpenClose is able to slash the loan manufacturing cost and complexity by eliminating the need to cobble together disparate systems with different SLAs, contracts and pricing models." The company stated that lenders can now automate and organize numerous tasks that would normally be performed in the back office via the LOS, pushing them closer to borrowers earlier in the origination process. As a result, OpenClose said, "workflow ef - ficiencies increase, the lending process is sped up, costs are reduced, and new business is captured at a higher rate and lower cost." "We feel that lenders leveraging the ef - ficiencies of a single consolidated platform will be able to most effectively sustain and increase profitability in an environment with more competition for fewer loans and tighter margins," said JP Kelly, President of OpenClose. SHARE THIS FOCUS BOOSTER focusboosterapp.com Certain tasks require your undivided atten- tion. But how do you focus on that one job when there's so much distraction around you? Focus Booster, an app based on the Pomodoro technique, helps overcome dis- tractions, improve fo- cus, and finish work on time. The app comes with a mini-timer to help monitor session progress for a particular task, and it also includes a feature that helps with unavoidable distractions by tracking the time required to complete a task. Focus Booster also features instant time sheets that record the focus sessions. Its simple dashboards help individuals, managers, and teams visualize where their time went and can even help create invoices based on the timesheets. Focus Booster is currently avail- able in three versions—the Starter version is avail- able for free, the Individual version costs $2.99 per month, and the top-tier professional version is available for $4.99 per month. READ THIS WOLFPACK: HOW TO COME TOGETHER, UNLEASH OUR POWER, AND CHANGE THE GAME By Abby Wambach In this book, two-time Olympic gold-medalist and FIFA World Cup champion Abby Wambach makes a case for women to unleash their indi- viduality for success. Based on her viral 2018 commencement speech at Barnard College, WOLFPACK guides women through four essential rules to become leaders: trans- forming failure to wisdom and power, leading from wherever you are, claiming each woman's victory as your own, and taking what you have earned. According to Wambach, this new set of WOLFPACK rules help women unleash their individual strengths, unite with their wolfpack, and change the landscape of their lives, from the family room to the boardroom to the White House. Through WOLFPACK, Wambach delivers her empowering rally cry for women: "We have never been Red Riding Hood. We are the Wolves. We must wander off the path and blaze a new one: together." WOLFPACK is available in hard- cover and as an audiobook. WATCH THIS THE NEXT PHASE OF CFPB bipartisanpolicy.org/events/the-next-phase-for-cfpb-a-keynote- address-from-director-kathy-kraninger In a keynote address at the Bipartisan Policy Center, Kathy Kraninger, Director of the Consumer Financial Protection Bureau (CFPB) gave her first public remarks, laying out her vision for the Bureau. In this video, she covers topics that include protecting consumers from bad actors, providing clear rules of the road to financial institutions and nonbank lenders, and empowering consumers to make sound financial choices. Her speech was followed by a panel discussion moderated by Peter Schroeder, Financial Regulation Correspondent for Reuters. The panel, which discussed the future of the CFPB, included Richard Fischer, Senior Partner for Morrison & Foerster; Linda Jun, Senior Policy Counsel for Americans for Financial Reform; Kate Prochaska, VP and Regulatory Counsel for the Center for Capital Market Competitiveness at the U.S. Chamber of Commerce; and Hilary Shelton, Washington Bureau Director and SVP for Advocacy and Policy at the National Association for the Advancement of Colored People (NAACP). TWEET THIS @FHFA With a new head at the helm at the Federal Housing Finance Agency (FHFA) and housing finance reform a top-of-the-mind discussion on Capitol Hill, the regulator has been in the spotlight this quarter. Just days before Mark Calabria was confirmed as the Director of FHFA, President Trump signed a memorandum calling for the end of conservatorship of Fannie Mae and Freddie Mac. The White House memo, which specifically called for a "comprehensive" plan for removing Fannie and Freddie from FHFA's con- servatorship under which they have been operat- ing since September 2008, also directed that this plan be delivered "as soon as possible." Before stepping into his current role, Calabria had made a case for why FHFA would still remain relevant even after a potential end to the conservatorship. Calabria told the Senate Banking Committee during a hearing, "FHFA is absolutely necessary. I'm committed to seeing turning FHFA into a world-class regulator." FROM THE SOURCE

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