MReport January 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 9 MTECH measurement and 3D technology into the CoreLogic Underwrit- ingCenter platform for insur- ance clients. The integration of HOVER provides carriers an opportunity to better man- age inspection expenditures while allowing policyholders to digitally participate in securing homeowner coverage on their properties through HOVER's self-service app. With the HOVER app, users are able to take smartphone images of a property and automatically receive accurate measurements, including the to- tal living area down to the inch, as well as an AI-derived sketch of their home. "The accurate sketch that HOVER provides to homeown- ers serves as a single source of truth about a home's vital data for all parties—from the homeowners themselves to the insurance carriers and inspection companies," said Kevin Reilley, EVP at HOVER. "This integra- tion into the underwriting work- flow helps determine a precise replacement cost calculation and additional insights to risk factors, while also providing transpar- ency between homeowners and their insurance carriers." As a workflow solution, the integration eliminates the need to hand-measure the property and provides a more complete prop- erty view. It also allows insurers to engage the homeowner as a part of the property insurance process, offering time savings and an educational opportunity that enhances the customer experience. "With HOVER automati- cally integrated to the CoreLogic UnderwritingCenter, insurers can access detailed property information without disrupting workflow or changing existing underwriting guidelines," said Rosanna Hancock, Senior Leader of Client Delivery, CoreLogic Insurance and Spatial Solutions. "We are pleased to offer this advanced technology to our in- surance customers to help them make more accurate, timely deci- sions when assessing a property's current condition and making policy decisions." Expanding Property Tax Coverage BLACK KNIGHT IS NOW PROVIDING AUTOMATED REAL- PROPERTY TAX CERTIFICATES IN THREE ADDITIONAL COLORADO COUNTIES. B lack Knight, Inc. an- nounced the expansion of its real-property tax cov- erage to include an additional three Colorado counties: Denver, Jefferson, and Arapahoe. Black Knight is now able to deliver automated real-property tax certificates in all of the counties in Colorado, as well as access to title data for properties through- out Colorado and nationwide. Black Knight's tax reports draw from both the company's industry-leading property database containing information directly from assessors and collectors as well as from access to robust title plants. The tax reports include tax bill data by collector for all jurisdictions affecting a property, payment status, tax amounts and delinquency data, due dates, and more. Additionally, the company offers convenient access to both tax and title data from TitlePoint, Black Knight's powerful automat- ed title search and production application, as well as from data integration through third-party providers. Black Knight also provides other proven solutions to help title companies become more efficient and generate more business, including: Ownership and encum- brance reports for properties in Colorado, as well as across the U.S., to help title compa- nies identify potential issues on properties. These reports include current ownership, all open financial obligations—such as voluntary and involuntary liens and judgments—and taxes. TitlePro247—a web-based ap- plication that helps title compa- nies develop stronger customer relationships by enabling their representatives to provide real estate and lender customers with direct, online access to property reports and targeted farm lists. "By expanding our automated real-property tax certificates to Denver, Jefferson, and Arapahoe counties, we are able to give customers in these areas an ex- ceptional product with access to rapid turn-times and information leveraged from Black Knight's comprehensive and reliable prop- erty database," said Lisa Roessler, VP of Product Strategy for Black Knight. "Title companies can also leverage our other proven solutions to enhance efficiencies and increase revenue opportuni- ties for additional benefits." Partnering for Wholesale Lending SPURRED BY STRONG GROWTH, PENNYMAC HAS BECOME THE THIRTEENTH LENDER TO JOIN LENDER PRICE'S MARKETPLACE PRICING ENGINE IN THE PAST SIX MONTHS. L ender Price, a provider of mortgage loan pricing and origination technology, "The accurate sketch that HOVER provides to homeowners serves as a single source of truth about a home's vital data for all parties—from the homeowners themselves to the insurance carriers and inspection companies." —Kevin Reilley, EVP, HOVER

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