MReport July 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 8 of 67

M R EP O RT | 7 income calculation. LoanBeam's APPSolute suite of automated income analysis tools is now in- tegrated with Tavant's FinCon- nect, helping lenders close loans faster, increasing transparency, and improving accuracy. The integration of LoanBeam's APPSolute tax software with Tavant's FinConnect suite of con- nectors allows users to simplify the lending process and close loans faster—with the advantage of receiving Representation and Warranty (R&W) from Fannie Mae and Freddie Mac for select features and functionality. Tavant's Digital Loan Factory now includes LoanBeam's con- figurable income analysis services for straight-through processing automated underwriting, reduc- ing the time it takes loan officers, processors, and underwriters to calculate and review borrower qualifying income. "Like Tavant, our mission is to empower lenders with modern, innovative technology solutions that automate processes and en- hance the overall digital mortgage experience," said Jerry Melia, COO of LoanBeam. "We are excited to be included in Tavant's FinConnect hub to provide even more lenders and investors the opportunity to grow their busi- ness while mitigating risk. We are pleased to partner with Tavant on the integration of APPSolute Tax and look forward to working with them on our other products and services including APPSolute Wage, APPSolute Transcripts, and APPSolute Payments." New HELOC AI Offering SYNERGY ONE LENDING ANNOUNCES DIGITAL HELOC. S ynergy One Lending has launched a digital Home Equity Line of Credit (HELOC) product powered by a blockchain-integrated AI platform. The platform streamlines the HELOC process by allowing borrowers to com- plete a brief questionnaire, receive credit decisioning, set up payment options, and video chat with an online notary within a single interface. By incorporating block- chain into HELOC origination, Synergy One can provide access to up to a quarter of a million dollars in five days or less, while lowering costs, reducing risk, and improving financing execution throughout the loan process. "Being true to our commitment to being a modern lender, we see this product announcement as an important step in being an early mover to bringing the power of blockchain to the lending experi- ence, and we expect to continue to expand in this area for quite some time to come", Synergy One CEO Steve Majerus said. "Our adoption of fintech solutions where we can improve the client experience and reduce friction and costs in the process, will guide our roadmap for bringing great solutions to the mortgage lending process." MTECH

Articles in this issue

Links on this page

Archives of this issue

view archives of TheMReport - MReport July 2021