MReport July 2022

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | M R EP O RT MTECH news is that there are thousands of homebuyer assistance programs available to help with down pay- ment and closing costs, including many designed to support people of color becoming homeowners." has deployed DPR's search tool on eryone to support its "Closing the Gap" initiative, aimed at increas- ing the homeownership rate of underserved and underrepresent- ed communities. The search tool can be embedded in an organiza- tion's website and enables home shoppers to search for homebuyer assistance programs by entering property, household, and relevant eligibility information. "Giving home shoppers the ability to find down payment assistance programs directly on is another step forward in our Close the Gap initiative," said Mickey Neuberger, Chief Marketing Officer for "This program brings together many different parts of our business in a focused effort to increase the home ownership rate for underserved and under- represented groups. Systemic dis- crimination in real estate has held people back for far too long, it's time for us to all work together to make a change." Advancing Customer Protections OPEN CLOSE ADDS DATAVERIFY SOLUTIONS TO ITS LENDERASSIST LOS O penClose, a fintech pro- vider of mortgage software solutions for banks, credit unions, and mortgage lenders, has announced that it has integrated its LenderAssist loan origination system (LOS) with the DataVerify DRIVE platform to seamlessly validate borrower-provided data. Directly from within LenderAssist, users can initiate a comprehensive data verification analysis that compares borrower information across multiple data sources to validate their informa- tion. The lender receives a full DRIVE report and is alerted when variances occur during the origination process. "Incorporating the DataVerify technology into our LOS helps protect our customers and offers time saving efficiencies," said Vince Furey, CRO at OpenClose. "Our integration with DataVerify takes the validation of data many steps further than manu- ally checking information on the borrower's loan application to ac- curately assess and mitigate risk. The value of this new interface is clear-cut." Using the DRIVE platform, OpenClose customers can now cross-check key information on the borrower's loan application such as phone numbers, address- es, NMLS licenses, both custom and industry watchlists, and more. DataVerify automatically combs and compares the results from many different databases to pinpoint the same risk factor to confirm or deny its existence. The DataVerify DRIVE plat- form also checks the borrower's background for bankruptcies, foreclosures, liens and judgments, real estate property owned, driver's license validity, and other information that affects lender and investor risk assessment. In addition, DataVerify offers the ability to efficiently manage the Undisclosed Debt Monitoring product through DRIVE in part- nership with Factual Data. "We are excited to have a di- rect integration with OpenClose and are confident that DRIVE's added functionality will ben- efit users residing on their LenderAssist LOS," DataVerify President Brad Bogel said. "The detailed reporting that DRIVE returns into LenderAssist will help our mutual customers iden- tify potential fraud and stream- line the process." Marketing Outreach Enhanced MODEL MATCH AND TOTAL EXPERT JOIN FORCES ON OUTREACH CAPABILITIES M odel Match, a talent management system (TMS) designed for the mortgage industry, has partnered with Total Expert, the CRM and customer engage- ment platform purpose-built for modern financial institutions, to launch an integration enabling lenders and their recruitment teams to leverage the Model Match solution to deliver highly targeted and valuable market- ing content to prospects via Total Expert's platform. On top of significantly expanding outreach, the talent teams that leverage this robust integration will improve their recruiting processes, enhance workflow ef- ficiency, and foster greater trust with potential hires. "Our platform, combined with Total Expert, will connect two extremely powerful ecosystems and allow mortgage lenders the ability to expand their automated marketing outreach at scale," said Thomas Seelbinder, Head of Customer Success and Product at Model Match. "Instead of jumping between platforms, talent teams can now seamlessly identify, source, and manage relationships while delivering impactful content to their prospects." Through the Model Match and Total Expert integration, lenders and recruitment teams will have a central repository, helping remain top-of-mind with their priority candidates. "We are excited to partner with Model Match and eager for the opportunity to help strengthen their talent acquisition solutions," said Mike Russell, Technical Integrations Manager at Total Expert. "With a single, unified platform powered by intelligent automation, recruitment teams may deploy recruiting Journeys with a human first approach that helps build and deepen relation- ships." "Systemic discrimination in real estate has held people back for far too long, it's time for us to all work together to make a change." —Mickey Neuberger, Chief Marketing Officer,

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