TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1345021
M R EP O RT | 7 MTECH groups—including the LGBTQ Live Openly group—as they encourage professional develop- ment, cultural awareness, and community service, and give employees of all backgrounds and interests a chance to con- nect, learn, and grow while fur- thering the company's mission and business objectives. • Expanding opportunities for employees and diverse sup- pliers, vendors, and business partners, as outlined in the company's Equal Opportunity in Employment and Contracting Statement. • Sponsoring the Future Housing Leaders program, which con- nects college students with diverse backgrounds to paid internship and entry-level job opportunities in the housing industry offered by top employ- ers who are actively engaged in promoting diversity in their workforce. • Diversity and inclusion oversight, programming, engagement, strategic planning, metrics, and reporting. • Influencing and affecting corpo- rate policies, practices, pro- grams, and solutions to advance systemic racial equity within the housing industry. The CEI rates companies on detailed criteria falling under four central pillars: non-discrimination policies across business entities; equitable benefits for LGBTQ workers and their families; sup- porting an inclusive culture; and corporate social responsibility. Smarter BPOs VALUTRUST ADDS BPO AND PROPERTY EVALUATION SERVICES TO ITS OFFERINGS. V alutrust Solutions, LLC, a Williston Financial Group company, provid- ing national appraisal manage- ment services and proprietary technology solutions to banks and residential lenders, has added property evaluation ser- vices and broker price opinions (BPOs) to its suite of property valuation offerings. For origination transactions, Valutrust's ValuTrue™ property evaluation services can be ordered with or without interior inspec- tion, as can BPOs, which are now available for servicing and default management. "By adding economical and ef- ficient evaluations to our full slate of traditional and alternative valu- ation offerings and nationwide ap- praisal management services, we can now provide our customers a broader array of valuation service through an advanced, custom- izable ordering platform," said Sean Pyle, President of Valutrust Solutions. "And, as the valua- tion industry evolves to meet the demands of mortgage lending and servicing companies, Valutrust will be on the forefront to help its clients succeed." With the addition of these new services, Valutrust customers now have access to property valuations tools including AVMs, evaluations, appraisals, field valuation services, and BPOs; valuation review of- ferings; and property and market condition reports, all in one place. The new Valutrust ValuTrue™ property evaluation services work in accordance with the Interagency Appraisal Guide (IAG), and provide a real property collateral evaluation as an alterna- tive to a full appraisal for qualify- ing residential transactions with a maximum value of $250,000. Also, as required by the IAG, the prop- erty evaluations contain sufficient information detailing the analysis, assumptions and conclusions to support the credit decision, as well as the source of information used in determining the property value. Valutrust's web-based portal also enables lenders to order and receive real estate products and services from all WFG com- panies, including WFG Lender Services' title and closing services. Features include real-time pricing functionality, role-based user ac- cess and management, customized reporting and single-source score carding, and centralized document and data retrieval for all loan records. Accelerating Loan Origination SIMPLENEXUS CELEBRATES ONE IN EIGHT MORTGAGE LOANS PASSING THROUGH ITS PLATFORM AND A STRONG 2020. S impleNexus, developer of a homeownership platform for loan officers (LOs), borrowers, real estate agents, and settlement agents, announced accelerated momen- tum in 2020 marked by expan- sive market growth and product innovation. "The reason SimpleNexus continues to sweep the mortgage space is that it is the single- most complete homeownership journey platform for homebuy- ers and a relentlessly efficient lender tool," Founder and CEO of SimpleNexus Matt Hansen said. "From home search to ap- plication and from eClosing to securing homeowners insurance, SimpleNexus is truly a one-stop homeownership hub." SimpleNexus is one of the na- tion's fastest-growing firms, having ranked on the Inc. 5000 for three consecutive years and the Deloitte Technology Fast 500 for two consecutive years. The firm's 2020 growth was capped by a $108 mil- lion Series B funding round led by Insight Partners and supported "Fannie Mae's social mission is rooted in equal opportunity, respect, diversity, and inclusion." —Hugh R. Frater, CEO, Fannie Mae