MReport January 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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4 | M R EP O RT MTECH Innovating in the New Year These product launches and acquisition announcements are helping tech-savvy companies lead the way in 2021. Title Company and Notarization Firm Partner STEWART TITLE GOES DIGITAL WITH THE ACQUISITION OF NOTARYCAM. S tewart Information Services Corporation, a global real estate services company, announced its acquisition of NotaryCam, a leader in online notarization and original provider of mortgage eClosing solutions. "Stewart and NotaryCam have been partners for years in the digital and eClosing space, leading innovation and change for real estate closings across the country," Stewart CEO Fred Eppinger said in the acquisition announcement. "Together, we will be able to offer customers a suite of new and enhanced customer-centric tools and solutions that will further enhance our secure notarization and eClosing processes." Eppinger added: "Coupled with our recent CertifID partner- ship, we are keenly focused on enhancing our customer service capabilities with exciting develop- ments to come." Since its founding, NotaryCam has developed a reputation for delivering a secure and efficient notarization and eClosing experi- ence for consumers around the world. Stewart aims to create a superior customer experience and help revolutionize the real estate industry by combining its "best- in-class digital solutions" with NotaryCam's service, security, and customized solutions. "NotaryCam has seen signifi- cant growth and adoption over the years, specifically with for- ward-thinking industry partners like Stewart Title," Rick Triola, NotaryCam Founder said. "We take the next step in expand- ing our customer-centric culture to service our individual and enterprise-level customers, across all industries along with the Real Estate industry, by joining Fred and the Stewart team." NotaryCam's products and services enable organizations with RON capabilities across industries and geographies. The platform supports RON, RIN, Hybrid, including attorney-state closings, and combines a flexible work- flow for document recording and identity verification, security, and customer convenience. NotaryCam is approved by Freddie Mac, Fannie Mae, MISMO, and many Fortune 500 companies. It handles requests for remote online notarizations in all 50 states and more than 145 countries. This acquisition will be immediately accretive for Stewart and expands the company's customer base to include other non-real estate-related financial services companies and indus- tries. "Since completing the first- ever purchase and sale mortgage transaction via Remote Online Notarization (RON) in Virginia with Stewart, we have remained strong partners in leading change in the industry," Triola said. "Now with our pioneering and global leading technology and ex- pertise, combined with Stewart's financial strength, brand name, and resources, we can become the premier, go-to provider of all things RON." AI Leader's Foray into Banking TAVANT LAUNCHES BANKTECH PRACTICE WITH EXISTING AI/ ML TECHNOLOGY. T avant announced its expansion to new busi- ness lines with the launch of its Banktech practice. The Silicon Valley-based provider of AI-powered digital technologies appointed industry expert Vaibhav Sharma to lead the new banking initiative from the company's New York office. Marking its entry into bank- ing, the Banktech practice brings together digital technology to solve modern banking challenges. Sharma is focused on integrating Tavant's lending experience to deliver hyper-personalized end- user experiences to the complete banking customer lifecycle. Sarvesh Mahesh, CEO of Tavant, said, "As we grow our team with the industry's most innovative and brightest individu- als, we are excited to have Vaibhav leading our efforts. The banking industry has faced an accelerant this year from the pandemic as customers adjust to increasing digital services. As the industry continues to change, banks will need to deliver new, modern solu- tions to stay competitive. Tavant's Banktech practice enables us to assist banks with operational efficiencies to effectively provide new digital solutions that make banking seamless for all back- and front-end processes. Our team's vision coupled with our innova- tive tech delivers our customers an optimized banking experience." Vaibhav's banking expertise stems from more than 25 years' global experience in assisting large scale banks modernize their op- erational processes and implement procedures that balance incremen- tal growth and cost savings. He previously worked at Unisys, CGI, and Citibank, where he spearhead- ed unique digital optimizations

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