MReport November 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 7 MTECH make a $250 donation to a cause of the customer's choosing. Founded by Sean Marsh and Christopher Russow, LoanMonkey is currently active in California with plans to expand operations to all 50 states. "LoanMonkey's goal is to empower Americans to use their home mortgages as a way to give to their favorite causes while still getting the lowest possible rates and costs on their home," said Marsh, LoanMonkey Co- Founder and CEO. "Upon closing, LoanMonkey offers borrowers the opportunity to donate $250 to an organization of their choosing." Marsh added, "I wanted to cre- ate an efficient, transparent, and lower cost mortgage experience that's also fun and gives borrow- ers the opportunity to contribute to the causes they care about." Marsh has been at the forefront of digital lending for the past 25 years. He founded one of the first digital mortgage firms (Access Mortgage/NowLending, acquired by Webster Financial in 1999) and one of the largest reverse mortgage lenders (One Reverse Mortgage, acquired by Quicken Loans in 2008). Most recently, he was CEO of Synergy One Lending (acquired by Mutual of Omaha in 2018). Continuity of Risk WITH A NEW MERGER, RISK MANAGEMENT AND COMPLIANCE MANAGEMENT CAN BE MANAGED ON A SINGLE PLATFORM. C ontinuity, a provider of regulatory technology and compliance management systems (CMS) for financial services organizations, has acquired TraceRisk, a provider of cloud-based enterprise risk management (ERM) solutions. With technical integration ef- forts now underway, Continuity becomes the first provider to connect the strategic aspects of enterprise risk management to the tactical oversight of compli- ance management on a singular, unified platform. "As the complexity of manag- ing risk and compliance continues to escalate, Continuity's product suite continues to expand to meet the challenges faced by financial institutions," said Michael Nicastro, Continuity's CEO. "Continuity paved the way as a first-mover in the world of automating compliance management, and we intend to build upon that innovation in ways that further enhance the capabilities of risk and compliance officers to confidently execute their roles. As we grow and refine our product set, both organically and through acquisition, we will continue to incorporate technology solutions like TraceRisk to make integrated risk and compliance management achievable and cost-effective for institutions of all sizes." TraceRisk Enterprise Risk Management was launched in 2012 as an affordable, easy-to-use set of solutions, including 150-plus tailored risk assessments plus thousands of key risk indicators, designed specifi- cally for financial institutions. "Continuity and TraceRisk were each founded upon shared values of helping banks and credit unions across the country thrive, and helping improve outcomes for those institutions by reducing regulatory burden," Nicastro said. TraceRisk will now operate as Continuity Risk Management Solutions. Leadership means listening. At Cenlar FSB, the nation's leading mortgage subservicer, we take the time to sit down and understand your organization's unique goals and objectives. Our custom-tailored subservicing solution can enhance your borrower service experience, reduce the burden of regulation and compliance, and help you grow and succeed. Find out more about how our leadership can deliver a solution perfectly aligned to your needs. 1-888-SUBSERVE (782-7378)

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