MReport August 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 7 MTECH Simplifying the Digital Mortgage Journey WIPRO GALLAGHER SOLUTIONS HAS PARTNERED WITH NETOXYGEN TO PROVIDE A FULLY INTEGRATED SOLUTION. W ipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software so- lutions, announced its partner- ship with EXOS Technologies, a division of ServiceLink. EXOS' cutting-edge platform provides tech-enabled mortgage services throughout the lending life cycle. By combining EXOS with WGS' NetOxygen Launchpad and NetOxygen LOS systems, lenders will experience a fully integrated, end-to-end digital mortgage solution. The addition of EXOS into Wipro Gallagher Solutions will result in increased transpar- ency and quicker turnaround times. Through consumer-driven touchpoints, users will be able to digitally schedule their appraisal and signing appointments for the exact date and time that is conve- nient for them, directly through the Launchpad portal. Borrowers will receive instant appointment notification in real-time, including information about their appraiser or signing agent. This process cuts out the unnecessary back-and- forth that can often add days to the timeline. EXOS also gives lenders greater transparency in areas like title clearance and the expected clear- to-close date to help loan officers set clear and realistic expectations with borrowers from the start. Lenders will obtain a title com- plexity decision in mere seconds and the vast majority of title com- mitments in minutes. With the launch of this partnership, lenders will no longer need to rely on multiple systems throughout the mortgage origination process. "Together we are creating a true digital experience focused both on the lender and the borrower," said Scott Dunn, Head of Product Management and Strategy, Wipro Gallagher Solutions. "EXOS shares our vision of creating optimum digital experiences for all involved in the origination process, and we are excited to have this strategic partnership in place." With a constantly shifting and often volatile market, lenders must be able to keep up with the demand for shorter cycles by eliminating time-consuming pain points in the process. The WGS and EXOS integration provides a powerful solution that helps lend- ers respond confidently to shifting demands, while empowering them to close loans faster and improve pipeline management, helping increase customer loyalty and satisfaction. Depending on the property and its location, lenders using the full strength of this inte- gration can confidently tell a client that the timeframe from applica- tion to closing may be as short as 15 or 20 days, or even sooner if no appraisal is needed. "Borrowers these days are shifting their expectations. They demand streamlined, digital experiences in all aspects of their lives and financing a home is no different," said Kiran Vattem, Chief Digital and Technology Officer, EXOS. "By working with WGS, we look forward to transforming the overall consumer experience and delivering the kind of end-to-end mortgage solu- tion that empowers lenders and their loan officers." CoreLogic Integrates HomeVisit Marketing Services Portal THE ADDITION WILL PROVIDE MORE THAN 850,000 REAL ESTATE PROFESSIONALS WITH A COMPETITIVE EDGE. C oreLogic, a global property information, analytics, and data-enabled solutions provider, announced it has enhanced its multiple listing services (MLS) platform through the integration of its marketing services portal, HomeVisit, to provide a single workflow that enables real estate professionals to significantly expand the scope and range of the marketing services they offer to homebuyers and sellers. Real estate professionals are constantly navigating a fragmented procurement services ecosystem, engaging with multiple vendors to do everything from photograph properties to print collateral and market listings. CoreLogic's HomeVisit reduces the complexity of this process to a simple click on a single platform. New portal enhancements include solutions spanning photography, video, print, 3D modeling, virtual tours, direct mail, and branded property websites; this helps agents increase leads, boost sales and sell homes faster, while at the same time simplifying the buying experience for clients. "The U.S. and global housing markets are undergoing unprecedented transformation, and today's buyers and sellers demand a more effective and seamless experience. With the changing demographics of the first-time homebuyer and strong demand driving real estate transactions across the country, it is the perfect time to take our HomeVisit suite of high-impact marketing services from a regional to a national platform," said Frank Martell, President and CEO of CoreLogic. "Over the next year, we expect to have HomeVisit on the desktops of 850,000 real estate professionals, helping them drive value for the millions of people looking to find, buy and protect the homes they love." "HomeVisit has transformed the way we market our business through its unmatched speed, efficiency and quality. Beyond this, the stress-free automation of marketing materials has been key for our busy team," said Creig Northrop, Owner of Northrop Realty. "As a full-service brokerage firm, the professional quality of our digital imagery and print materials helps us stand out above our competition. We need a tool that helps us provide first-class experiences that our clients expect, and HomeVisit has proven to be exactly that."

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