MReport June 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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4 | M R EP O RT MTECH A New Delegated Delivery Option CARRINGTON LAUNCHES A NEW DELEGATED CORRESPONDENT LENDING CHANNEL. C arrington Mortgage Ser- vices LLC (CMS) has an- nounced the launch of its new Delegated Correspondent Lending channel. The launch of Delegated Correspondent Lending will complement Car- rington's Non-Delegated Corre- spondent Lending channel. "The depth and breadth of our offering provides our sellers with additional options for their borrowers, resulting in growth for their business," said Greg Austin, EVP of Mortgage Lending for CMS. "The CMS Operations team, with few exceptions, has worked together for many years; and the level of service provided by this team is nothing less than outstanding. Sellers receive very quick turn times and have access to all team members." According to Michael O'Brien, VP of Correspondent Sales for CMS, the launch of the Delegated Correspondent Lending platform provides CMS with an opportunity to further establish its position in the correspondent lending sector. "Many lenders want to control the transaction with their borrower," O'Brien said. "Offering a delegated delivery option allows us to reach more of those lenders. It also gives those lenders access to Carrington's impressive suite of products." CMS' offerings include conven- tional Fannie Mae and Freddie Mac products, FHA, VA, and USDA products and Carrington's proprietary Prime Advantage, Flexible Advantage, and Investor Advantage products, developed to assist borrowers with FICO scores down to 550. Electronic Closing Enhancements NEW ICE TOOL PROMISES ECLOSING TRANSPARENCY. I CE Mortgage Technology has launched Encompass eClose, enabling lenders to electroni- cally facilitate every aspect of the eClosing workflow, without ever having to leave Encompass. Encompass eClose leverages a standardized platform for docu- ment delivery, recording eligibility, and settlement agent coordination, joining together all of the com- ponents, regardless of the closing Getting a Head Start These highlighted companies are leading the way in tech, innovation, and business growth.

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