MReport February 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 7 MTECH access resources to help them manage their loans. The West Palm Beach, Florida- based company added that the app gives customers wider insight into their homes as investments, with updated valuations and data on recent neighborhood sales, school district data, and local demographics. A suite of tools and calculators is also available to help customers manage their most important assets. "Our investment in the Servicing Digital mobile app is a testament to our focus on enhancing our customers' experi- ence and providing them with the best technology available," said Scott Anderson, EVP and Chief Servicing Officer at Ocwen. "Our mobile app makes it possi- ble to strengthen digital customer relationships, while providing our customers anytime, anywhere access to the same feature-rich functionality of our desktop site via broad device flexibility. Today's customers are looking to reap the greatest benefits from technology, and our new mobile app provides that opportunity. We intend to continually enhance our mobile platform in order to deliver the best digital experience to our customers." MeridianLink Acquires TazWorks MERIDIANLINK SAYS THE TRANSACTION WILL STREAMLINE ITS CREDIT REPORTING PROCESS. M eridianLink, a Costa Mesa, California- headquartered provider of cloud-based software solu- tions for financial institutions, has signed a definitive agree- ment to acquire certain assets of TazWorks, a technology platform for consumer reporting agencies (CRAs) and the creator of TazWorks Software and the TazCloud background screening platform. The financial terms of the transaction were not disclosed. MeridianLink is the creator and developer of Mortgage Credit Link (MCL), a browser-based API solution that provides a fulfill- ment hub for consumer data veri- fication and analytics. MCL also provides a complete, easy-to-use front-end for CRAs to automate and securely manage order fulfill- ment from any device. "It is exciting to bring two leading technology innovators together to help organizations streamline their screening and credit reporting processes," said Nicolaas Vlok, CEO of MeridianLink. "TazWorks forms the perfect complement to our Mortgage Credit Link business, enabling MeridianLink to provide the Consumer Reporting Agency community with a better and more enriching experience." "We are confident the deep collective CRA experience of our two amazing organizations, coupled with MeridianLink's investment, will accelerate TazWorks' product develop- ment and roadmap," said Barton Taylor, CEO and founder of Salt Lake City-based TazWorks. "This acquisition will allow increased innovation within screening technology, and further API development will provide a faster delivery of these products to the industry." New BrokersUnited Seeks to Build Online Visibility for Brokers START-UP CONSORTIUM SEEKS TO THE BRIDGE TECH GAP BETWEEN BROKERS AND LENDERS. B rokersUnited, a new strategic consortium between mortgage lenders and brokers, has been launched by a group of major wholesale mortgage lenders and technology companies. In announcing the start of this endeavor, the founding companies issued a press statement that note the program was "aimed at solv- ing the huge technology disparity between brokers and lenders. Brokers, usually smaller organiza- tions, may not have the budget or resources to deploy SaaS solu- tions to power their businesses. Given these limitations, few have access to enterprise platforms like SocialSurvey. With this new partnership, that will change." Brokers who join the consor- tium will receive a searchable profile page, a listing in the broker search "Our investment in the Servicing Digital mobile app is a testament to our focus on enhancing our customers' experience and providing them with the best technology available" —Scott Anderson, EVP and Chief Servicing Officer, Ocwen

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