TheMReport

6 | TH E M R EP O RT MTECH of NotaryCam's remote notary services through our established eClosing partner DocMagic enables us to extend the value we've expe - rienced to date through our digital mortgage strategy." To date, NotaryCam has con- ducted more than 160,000 RON transactions for individuals located in all 50 states and 90 countries. Through RONs, NotaryCam's team of experienced notaries are able to remotely eNotarize mort - gage loan documents or other pa- perwork for individuals across the country using NotaryCam's secure, easy-to-use platform, the company said. The system does not restrict the number of participants that can join a RON ceremony, allow - ing all relevant parties to partici- pate in the transaction. "Until recently, mortgage clos- ings still required participants to physically congregate in a single location to complete the transac- tion. RON enables lenders and settlement agents to eliminate the closing table without losing the personal connection of the clos - ing ceremony," said Rick Triola, Founder and CEO of NotaryCam. "The value of the convenience that RON provides cannot be overstated, and it would behoove mortgage and settlement profes - sionals to incorporate RON into their existing closing process." Increasing Appraisal Precision GLOBAL DMS HAS ROLLED OUT AN AUTOMATED SOLUTION FOR MORE ACCURATE PROP- ERTY VALUATIONS. L ansdale, Pennsylvania- headquartered Global DMS, a provider of cloud- based valuation management software, rolled out SnapVal, an automated solution that utilizes a property address to return a guaranteed price on any residential appraisal in the United States. SnapVal integrates with loan- origination systems (LOS), digital mortgage point-of-sale (POS) sys- tems, borrower-facing web portals, and proprietary lending or servicing platforms. Global DMS provides a configurable RESTful API web service that facilitates swift and cost-effective integrations. Under the TILA-RESPA Integrated Disclosure (TRID) rule, lenders are bound by the fees repre- sented on the loan estimate. Unlike static fees, appraisals are a variable cost that lenders constantly struggle with to ensure pricing accuracy. If there is any change to the appraisal fee, TRID dictates that a revised loan estimate must be issued to the consumer. This requirement, coupled with strong lender motiva - tion to complete deals and close on time, often results in the lender ab- sorbing appraisal fee discrepancies or scrambling to quickly re-issue the loan estimate. "We identified a need in the marketplace to address a common problem that lenders are regularly challenged with for providing ac- curate appraisal quotes and then ensuring pricing on the Loan Estimate is consistent and compli- ant," said Vladimir Bien-Aime, President and CEO at GlobalDMS. "SnapVal is a piece of technology that lenders currently lack from their digital mortgage strategies. By leveraging SnapVal, they will save time and money, as well as increase their pull-through rates while elevating the borrower experience." Global DMS said SnapVal allows lenders to automate the insertion of the appraisal fee into the loan estimate, expedite payment, and enable the real-time ordering of ap - praisals directly from within their software system of choice. Lenders have several options to configure appraisal pricing, includ - ing the lowest price provider, per- centage allocation, or round-robin distribution. This helps to hone pricing accuracy by taking into ac- count key factors, including region, appraiser availability, experience, and more. As a result, appraisal pricing guesswork is removed and replaced with automation accuracy. U.S. Bank Enhances Customer Experience BLACK KNIGHT'S WEB SOLU- TION DELIVERS PERSONALIZED INFORMATION TO THE BANK'S BORROWERS ABOUT THEIR MORTGAGE LOANS. F lorida-based Black Knight Inc. announced that U.S. Bank chose its Servicing Digital Solution to supplement its internal capabilities and offer its customers ongoing, detailed information about their loans and tools to manage their housing wealth. The web solution delivers detailed, timely, and personalized loan information to U.S. Bank mortgage customers about their loans, and provides "what-if" simulators and tools to show how wealth can be built from these real estate assets. Black Knight said Servicing Digital is a consumer-centric, re - sponsive web and mobile solution that gives customers of financial institutions fast, around-the-clock access to home and loan informa - tion that is relevant and easy to understand. The solution was built with the consumers' needs in mind and provides servicers with a platform for continual engage - ment with their customers to build stronger relationships. "At U.S. Bank, we work hard to provide simple and useful cus - tomer experiences by offering tools such as the new Servicing Digital solution," said David Little, EVP of Servicing and Default at U.S. Bank. "This update allows us to give cus - tomers valuable details about their most important asset, their home." Servicing Digital provides customers with useful informa - tion specific to their mortgage, "We identified a need in the marketplace to address a common problem that lenders are regularly challenged with for providing accurate appraisal quotes and then ensuring pricing on the Loan Estimate is consistent and compliant." —Vladimir Bien-Aime, President and CEO, GlobalDMS

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