TheMReport

MReport January 2023

TheMReport — News and strategies for the evolving mortgage marketplace.

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4 | M R EP O RT MTECH Expediting Fee Estimates LODESTAR SOFTWARE TO LEVERAGE ICE TECH L odeStar Software Solu- tions, a provider of closing fee-related compliance tools for mortgage lenders, has announced that it will lever- age ICE Mortgage Technology's Encompass Partner Connect APIs to deliver an even smooth- er TRID, closing estimate and Loan Estimate (LE) process. ICE Mortgage Technology is part of Intercontinental Exchange, Inc., a provider of data, technol- ogy and market infrastructure Through the collaboration, ICE will empower its customers to quickly access LodeStar services and data via APIs exposed by ICE. Lenders will now be able to generate cost estimates and documents required by the TILA- RESPA Integrated Disclosure Rule (TRID) such as the LE, from pre- application to the final Closing Disclosure (CD), nearly instan- taneously and with guaranteed accuracy. "The ICE-LodeStar partnership continues to grow, paving the way for an even faster, smoother and more customer friendly mortgage loan process," said LodeStar CEO and Co-Founder Jim Paolino. "APIs are the future of automated mortgage workflow for lenders, and we're already seeing the most tech-savvy using them to amplify the benefits of their own, proprietary workflow technologies as well." Founded in 2013 and utilized by thousands of originators nation- wide, LodeStar helps mortgage originators effectively manage their third-party closing costs to save both time and money as well as maintaining TRID (TILA- RESPA Integrated Disclosure Rule) compliance. Quotes are au- tomated in the lender system and 100% guaranteed for accuracy. "ICE's focus has always been on the digitalization of a lender's complete workflow, to the benefit of our clients as well as consum- ers," said Bob Hart, SVP, Business and Client Development with ICE. "Especially in a more com- petitive market, the most success- ful lenders will increasingly use APIs in positioning new tech- nology to streamline the entire process—not just the origination or at the POS. As a result, those lenders are positioning themselves for significant growth and success no matter what the market cycle may be." Boosting Customer Productivity BLUE SAGE PARTNERS WITH PARADATEC B lue Sage Solutions, LLC and Paradatec have inte- grated their solutions to improve delivery and turn times for correspondent loan sales and submissions, including automat- ing document checks and audits. Blue Sage, developers of the Core Seller Portal, a browser- based, end-to-end mortgage origination lending system, and Paradatec, provider of the AI- Cloud document classification and data extraction technology for mortgage and real estate docu- ments, recently integrated their respective solutions. As a result, sellers can easily upload loan documents through Blazing New Digital Paths The following companies are advancing the digital mortgage process, helping chart the course for advancements in the pursuit of an all-digital process.

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