TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1315471
6 | M R EP O RT MTECH ers, and brokerages nation- wide, announced its Path loan origination software (LOS) is now integrated with Marksman, the product and pricing engine (PPE) from Mortech. Path is a cloud-based solution designed to simplify the loan pro- cess while still providing lenders the controls and flexibility they need to run their business. The data-driven LOS is completely configurable to the lenders' spe- cific needs, including workflows, roles, organizational structure, and compliance controls. As a result of this integration, Path users will now be able to seamlessly access accurate, real-time product and pricing information from lead - ing wholesalers, correspondents, and investors via the Mortech platform. The Mortech platform auto- matically delivers best execution pricing with real-time rates factor- ing in base price, SRP, LLPAs, and profit margin. It also simultane- ously compares PMI premiums and eligibility. Because the process is automated, there is no need to manually search and compare rates, fees, and guidelines. Users can customize default settings to see specified loan types or rates from designated wholesalers and investors. This system also moni - tors investor guideline eligibility. Mortech has an established integration in the Calyx flagship LOS, Point and is available to all mutual users. "We are excited to be working with Calyx to help bring simplic - ity and automation to our lenders workflow. By providing access to real-time mortgage offers, we en- able a more streamlined approach for borrowers searching and comparing rates. In today's high- volume origination environment, automation is more important now than ever," said Doug Foral, General Manager at Mortech. Thomas Hennen, Director of Strategic Partnerships at Calyx, said, "The decision to integrate with Mortech was an extremely easy one. The company is a leader in automation and is known for its competitive pricing and dedi - cated customer service. Also, in a category where implementation can run 150-180 days, Mortech is able to onboard lenders as fast as two to three weeks." Mortgage Director LOS Adds Performance Dashboards, Scorecards THE INTEGRATION GIVES BANKS, CREDIT UNIONS, AND INDEPENDENT MORTGAGE LENDERS IMMEDIATE ACCESS TO SOPHISTICATED TOOLS. L BA Ware, a provider of incentive compensation management (ICM) and business intelligence (BI) soft - ware solutions for the mortgage industry, has partnered with Fiserv Inc. to provide out-of-the- box business dashboards and reports to users of the Mortgage Director loan origination system (LOS). With the integration of LBA Ware's LimeGear BI platform into Mortgage Director, banks, credit unions, and inde - pendent mortgage lenders gain immediate access to sophisticat- ed tools for improving efficiency, productivity, and profitability. Formerly known as PCLender, Mortgage Director is the modern LOS at the core of the Fiserv lending ecosystem. It enables lend- ers to offer a seamless, self-service mortgage experience that exceeds consumer expectations while im- proving service levels, streamlin- ing operations, and reducing loan manufacturing costs. LimeGear is a turnkey BI platform that enables mortgage lenders to deploy unified data strategies across their organiza- tions for actionable insights into productivity and efficiency. Branch and area managers can use data insights from LimeGear's dashboards to keep loan pipelines moving, zero in on decisions that support profitability, and evaluate and inspire team performance. "Financial institutions rarely have the luxury of assigning a dedicated data team to evalu - ate mortgage leads, pipelines, productivity, and performance in real-time—yet business insights drawn from end-to-end loan lifecycle data are exactly what lenders need to maintain a competitive edge in any market," LBA Ware Founder and CEO Lori Brewer said. "LimeGear's data connection with Mortgage Director gives banks, credit unions, and independent mortgage bankers a fast path to powerful dashboards and scorecards that supercharge their efficiency." Endpoint, First American Expand Digital Real Estate Closing Platform THE INVESTMENT WILL ALSO FUEL STRATEGIC HIRING AND NEW MARKET LAUNCHES. E ndpoint, a digital title and escrow company that pro- vides a re-imagined closing experience for buyers, sellers, and their real estate agents, an- nounced an additional invest- ment of $40 million from its parent company, First American Financial Corporation, a pro- vider of title insurance, settle- ment services, and risk solutions for real estate transactions. This investment brings the total funding received to date to $70 million and will help accelerate Endpoint's strategic hiring plans, proprietary technology develop - ment, and expansion into new U.S. markets. "Endpoint's early success reflects First American's 130-year history of leading the title and settlement industry in enhancing the customer experience," said Dennis Gilmore, CEO of First American Financial Corporation. "Our increased investment affirms our commitment to developing in - novative, state-of-the-art technolo- gies that improve the process of transacting real estate." Launched in Seattle, Endpoint surpassed its growth targets in the market and has since ex - panded operations into Southern California and Arizona. The com- pany has doubled its employee base this year and is currently rolling out enhancements to its platform that further simplify transaction management and improve accessibility from any device. "Today's homebuyers and sell - ers live, work, and play predomi- nantly online where they expect a certain level of convenience and speed. Endpoint combines innova- tive technology with the expertise of experienced escrow officers and provides a digital compass for the most significant purchase of a home buyer's lifetime," said Scott Martino, CEO of Endpoint. "Our team is committed to supporting real estate agents and their clients as they navigate this process, while rapidly and conveniently completing their transactions." The investment will accelerate Endpoint's geographic expansion and escrow automation devel - opment, enabling an increasingly secure and efficient settlement service. These efficiencies enable Endpoint's teams to recapture time, which is then invested in providing better customer service to real estate agents, transaction coordinators, homebuyers, and sellers. "There are a number of compa - nies attempting to deploy technol- ogy to speed up the digitization of the real estate transaction," said Paul Hurst, Managing Director, Venture Investments at First American Financial Corporation. "Endpoint has already validated the demand for, and the function - ality of, its product and is now broadening its focus to funda- mentally simplify and automate the escrow process across all states, with the support of First American." Endpoint's digital title and escrow platform offers tools across its web, iOS and Android apps that help real estate agents grow their repeat and referral business. With a completely revamped interface launched earlier this month and new features, in - cluding optimized transaction management and activity tracking, Endpoint enables real estate pro- fessionals to deliver an enhanced closing experience for their home- buyers and sellers.