TheMReport — News and strategies for the evolving mortgage marketplace.
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6 | TH E M R EP O RT MTECH make and model of their vehicle. By automating appraisal orders and empowering the homebuyer to self-serve, lenders can deliver on faster closings, EXOS said. "This is an exciting partnership as EXOS will help extend the level of digital connectivity for lenders utilizing Blend's platform," said Kiran Vattem, EVP, Chief Digital and Technology Officer at EXOS Technologies. "EXOS helps address critical consumer touchpoints overlooked by most lenders." The EXOS Appraisal platform eliminates the back and forth that often slows down the appraisal process, therefore giving lenders the ability to close loans faster, improve pipeline management, and boost consumer loyalty and satisfaction. "Blend is committed to stream- lining the mortgage workflow, and EXOS adds yet another dimension when it comes to driving efficiency and automation in the appraisal process," said Brian Martin, head of Business Development at Blend. "Partnering with EXOS provides the oppor- tunity to offer a more complete digital mortgage experience and help our customers interact with borrowers on a deeper level." Remote Opportunities FIDELITY'S NATIONAL FINANCIAL NETWORK NOW OFFERS REMOTE NOTARIZATIONS AND CLOSING CAPABILITIES. F idelity National Financial (FNF), will allow the use of NotaryCam to deliver remote online notarization (RON) and remote online closing (ROC) capabilities to FNF's network of direct title and settlement opera- tions, as well as its network of independent title agents. Most recently, FNF used the Notary- Cam platform to complete its first remote notarization in Texas. "Title plays a critical role in the adoption of RON and ROC so it is especially encouraging to see an industry leader fully embrace these digital processes," said Rick Triola, Founder and CEO, NotaryCam. "The transac- tion that took place in Texas is really just the beginning, and we look forward to helping FNF's nationwide network of direct title operations and independent title agents streamline the residential mortgage closing process and de- liver unparalleled convenience and service to home buyers and sellers throughout the U.S." eClose360 by the California- based NotaryCam provides lend- ers and title/closing agents with an online closing room where they can upload closing documents, meet with signers, and return fully executed and compliant documents within an hour. In addition, the system records all transactions to provide a verifiable transaction record for security and compliance purposes. "Our engagement with NotaryCam has helped us to ex- pand remote online notary capa- bilities to more of our offices and agents," said Jason Nadeau, Chief Digital Officer at Fidelity National Financial. "FNF and our title divi- sions are committed to bringing an end-to-end digital real estate experience to the industry, and the consumers we serve. Remote notarization is another important component in our expanding suite of digital options." Eye on Efficiency FAIRWAY'S NEW LOS WILL GIVE THE MORTGAGE PROVIDER A MORE COST- EFFECTIVE AND MODERN SYSTEM THAT CAN GROW WITH ITS BUSINESS. C alyx Software, a provider of mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, recently announced that Fairway Asset Corporation has selected Calyx Path as its loan origination soft- ware (LOS). Founded in 2008, Fairway Asset Corporation is a mortgage bank licensed to do business in Alabama, California, Colorado, Delaware, Indiana, Maryland, New Jersey, North Carolina, Pennsylvania, and Virginia. The company offers mortgage programs, including conventional, jumbo, FHA, and commercial mortgages. According to Taihun Cho, Manager at Fairway Asset Corporation, the company began evaluating new LOSs because it wanted a more modern, cost- effective LOS that could grow with its business, as well as easily handle regulatory updates. "We chose Path because it is an entirely new LOS and gives us more freedom than our previous legacy system," Cho said. "From a management point of view, Path is easier to maintain since we