MReport April 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | M R EP O RT MTECH data ecosystem, and enterprise business intelligence capabilities into a single solution. Arvest Bank will also leverage Black Knight's Lien Alert, a unique, automated solution that monitors portfolio loans and provides alerts on critical lien-related indicators that could impact a servicer's busi- ness, such as ownership changes, new loans recorded, ARM resets and more. As a contributor to Black Knight's McDash mortgage performance dataset, Arvest Bank will also receive a reporting suite leveraging, industry-leading, loan- level data. The McDash dataset includes mortgage performance details being tracked for more than 30 years and offers visibil- ity into greater than 200 million primary mortgages and over 30 million home equity loans and lines of credit across the full credit spectrum. "Black Knight is committed to continually delivering innova- tive capabilities that add value across the loan life cycle. By using multiple Black Knight servicing and default solutions, Arvest Bank will be able to enhance both its operational efficiencies and cus- tomer experience," Black Knight President Joe Nackashi said. "We are proud to support Arvest Bank's business by providing the advanced capabilities and premier support needed to drive its mort- gage business to the next level." Making Homeownership Possible H.O.M.E.S. LAUNCHES NATIONAL PROGRAM TO HELP MAKE HOMEOWNERSHIP ACHIEVABLE FOR MOST RENTERS. H omeOwner Makers Educational Services (H.O.M.E.S.) announced a new national program to edu- cate and help home buyers who prefer to purchase their homes without a traditional third- party mortgage. Their website,, offers a detailed explanation of how this process will work. To this end, H.O.M.E.S. has updated and standardized the "Contract for Deed" alternative legal method to buy and sell a home. They have created and defined the elements of a new "Qualified" Contract for Deed (QCD)™ to eliminate the need for an initial purchase mortgage. This financing will be offered primar- ily on existing rental homes, with typical 1% down payments and no closing costs. Most buyers may then refinance with conventional mortgages when they are ready. has information for buyers, landlord sellers, real estate agens, and other program users. The website includes information on legal and corporate affiliate resources. The organization's goal is to cre- ate 4 million new homeowners in the U.S. by moving 2 million of the estimated 15 million rental homes back to "owner-occupant" status, especially in the large Northeastern cities, where average homeowner- ship rates are below 50%. Next Level eNotarization IDS AND ENOTARYLOG PARTNER TO FACILITATE COMPLETE DIGITAL CLOSING. M ortgage document preparation vendor In- ternational Document Services, Inc. (IDS), announced it has entered into a partnership agreement with eNotaryLog, a leading remote online notari- zation (RON) company. This partnership will support an integration between IDS' eClose platform, Solitude Solution, and eNotaryLog's RON platform. Through this integration, any lender will be able to facilitate a complete digital closing through IDS' Solitude Solution. Notaries and borrowers will meet remotely to complete the closing transaction by eSigning and eStamping clos- ing documents, as permitted on a state-by-state basis. "IDS is continually focused on expanding the digital mortgage capabilities offered to all parties within Solitude Solution," IDS VP and General Manager Mark Mackey said. "This partnership with eNotaryLog is another step towards offering IDS clients a completely digital experience without losing the simple, cus- tomized efficiency that has made IDS an industry-leading choice for document preparation." Solitude Solution is built to generate and deliver closing docu- ments to the appropriate parties, ensuring the eClosing process remains efficient and timely. Solitude Solution is also support- ed by an expert compliance team, exceptional client support and notifications that make tracking loan packages a cinch. "IDS has long offered eSign capabilities, enabling clients to facilitate hybrid eClosings," Mackey continued. "By integrating our eSign platform with eNotaryLog's proven RON technology, we are proud to offer our clients and their borrowers the full eClosing experience." eNotaryLog is a cloud technol- ogy company providing a flexible, secure, and complete SaaS RON/ remote ink notarization (RIN)/ eSign platform for businesses and consumers who have digital remote notarization needs. "eNotaryLog is proud to an- nounce our integration with IDS, a leading provider of software solutions that streamlines the document preparation and production process for real estate professionals," eNotaryLog Co- Founder and CEO James Mitchell said. "Our combined solution will add the additional security and convenience of remote online notarizations to IDS' robust digital journey. This partnership marks another landmark step for both companies in paving the last mile to a superior and completely digital experience in real estate." A New Mortgage Lender is Born BELLCO CREDIT UNION AND CHERRY CREEK MORTGAGE FORM BELLCO HOME LOANS. B ellco Credit Union and Cherry Creek Mortgage have joined forces to create a new lending company, Bellco Home Loans. This new joint venture combines Cherry Creek Mortgage's 34-year exper- tise in helping families find the right loans with Bellco's history and commitment to providing members with low rates and superior service since 1936. The Bellco Home Loans team will work to identify the best loan for each customer, offering numer- ous competitive loan products, including conventional and jumbo loans, low down payment loans, government loans—such as VA and FHA loans—, and refinance/ renovation loans. The organization's goal is to create 4 million new homeowners in the U.S. by moving 2 million of the estimated 15 million rental homes back to "owner- occupant" status.

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