TheMReport — News and strategies for the evolving mortgage marketplace.
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on the web Forward Thinkers These companies are embracing 2014 with a fresh look on technological innovation. INSIDE THE INDUSTRY New Matching Service for Secondary Market LendTrade rolls out a Match.com-meets-LinkedIn site for traders. S econdary market professionals have a new way to connect with potential buyers and sellers: LendTrade, a recently launched community for trading professionals designed to cut out the middleman and save costs. 8 | The M Report Upon joining LendTrade, new members set up a profile and indicate the types of deals they're seeking. Once the process is complete, they are able to immediately start connecting with other members, receiving notifications whenever opportunities that meet their criteria are posted. Steve Schipper, LendTrade's founder and CEO, described the network as "Match.com meets LinkedIn for traders." "Some secondary market loan professionals need assistance negotiating and closing deals, and for that, advisors are valuable resources. However, many professionals know how to do their own deals, they just need the right buyer or seller," he said. "That's where LendTrade comes in." QuestSoft Broadens eSignature Network California-based company adds gateways for seven new companies. Q uestSoft Corp., a provider of automated mortgage compliance software headquartered in Laguna Hills, California, announced it has added e-signature gateways from six providers, broadening options for customers using the company's IRS 4506-T and Social Security Administration SSA-89 verification services. In addition to its automated direct integration with Communication Intelligence Corporation's (CIC) e-signature technology, QuestSoft can also accept 4506-T submissions with DocMagic, DocuPrep, DocuSign, eSignSystems, IDS, and Silanis. Each company has successfully completed a certification process mandated by government agencies and enforced by QuestSoft. "We discovered some of our clients were already using e-signature services from other providers, and we wanted to make sure they were accommodated," said Suzanne Mosher, national manager for 4506-T and SSN verifications for QuestSoft. "As our in-house partner, CIC helps assist companies to easily gather signatures for 4506-T services. Connecting with our clients' vendors can also help them with their workflow." Mosher added that with the addition of IRS-approved esignatures, QuestSoft's Desktop