MReport October 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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Page 9 of 67

8 | TH E M R EP O RT MTECH carries through everything we do, and our fee service is no exception. We're committed to providing our clients with the most accurate closing costs so that they can provide the best customer experience." Ernst Fee Service's patented monitoring service will also automatically recalculate loan values, alert the lender and update the loan origination system if there has been a fee increase due to a changed circumstance that allows for a revised loan estimate. Accelerating Credit Decisioning CALYX HAS INTEGRATED ITS POS SOLUTION WITH ACCOUNTCHEK BY FORMFREE TO SPEED UP THE GENERATION OF DIGITAL VERIFICATION OF ASSETS. C alyx has integrated its Zip point- of-sale solution (POS) with Ac- countChek by FormFree. AccountChek is an automated asset verifica- tion platform that accelerates credit decision- ing. The platform uses augmented intelligence and more than 1,000 proprietary algorithms to generate digital verification of assets. AccountChek was the first electronic asset validation solution to be accepted for Fannie Mae's Day 1 Certainty program. "We designed AccountChek to eliminate the drawn-out process of collecting critical financial data from borrowers," said Brent Chandler, CEO and Founder at FormFree. "By integrating with Calyx, we're helping more mortgage originators verify assets, income, and employment efficiently and effectively while also improving customer satisfaction." With this integration, brokers and financial institutions that use Zip will be able to take ad- vantage of the various benefits of Day1 Certainty, including greater speed and a simplified verifica- tion process. FormFree's AccountChek has been integrated within Freddie Mac Loan Product Advisor asset and income modeler (AIM), which is their cutting-edge, automated asset and income assessment solution that speeds up and simplifies the loan origination process. "Calyx is dedicated to providing brokers and financial institutions with easy-to-use technology that helps them remain competi- tive and achieve greater success," said Patrice Power, Director of Marketing at Calyx. "Our integration with FormFree allows brokers and financial institutions to provide borrowers with the ability to initiate the asset verifica- tion process at the point of sale—improving the borrower experience by automating and accelerating loan decisioning." Zip allows borrowers to conveniently and easily begin the loan application process online or via any mobile device. The POS is seamlessly integrated with Calyx's loan origination systems, Point and Path, as well as NAMB All-In, the new loan origination plat- form available exclusively to members of the National Association of Mortgage Brokers. Simplifying Data Sharing VISIONET HAS PARTNERED WITH ELLIE MAE TO ENHANCE ITS LOS EXPERIENCE AND DRIVE EFFICIENCIES. N ew Jersey-headquartered Visionet has announced that it has completed the integration of its VisiLoanRe- view (VLR) with Ellie Mae's Encompass Digital Lending Platform. The integration includes using Ellie Mae's Encompass Partner Connect. It allows lenders to more efficiently and securely share data be- tween Visionet's VLR solution and Encompass to drive quality and efficiency in the loan origination process. Visionet said that its VLR enables lenders to process a large volume of documents with a high degree of accuracy and precision. Along with higher borrower satisfaction, lenders enjoy the benefits of faster loan disbursals and reduced operations costs. The VLR platform is built on an enterprise-level architecture and is ideal for any document-intensive workflow within the lending lifecycle, including loan setup, loan boarding, pre- and post-closing operations, and audits. "Visionet is delighted to partner with Ellie Mae," said Arshad Masood, CEO at Visionet Systems, "VLR's secure, seamless integration with Encompass enables our clients to simplify the process of data extraction, indexing, and stacking, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae." Visionet is a service provider for the mort- gage and title industries Through its digitally powered outsourcing services and technology, it helps mortgage businesses transform their operations and scale their business effectively. Empowering Homeowners AIME IS PARTNERING WITH HOMEBOT TO HELP MORTGAGE BROKERS MAXIMIZE HOMEOWNER WEALTH. T he Michigan-based nonprofit, As- sociation of Independent Mortgage Experts (AIME), has announced its partnership with the consumer engage- ment platform Homebot. Through this partnership, AIME will provide its member independent mortgage broker channel with powerful technology for empowering home- owners to maximize their wealth through the life-cycle of homeownership. When you have to be right. Expere ® is a centralized document system that seamlessly serves multiple lines of business and channels, providing a complete set of tools for creating, managing, integrating, testing and deploying documents.

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