TheMReport — News and strategies for the evolving mortgage marketplace.
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6 | TH E M R EP O RT MTECH process through the use of Closing Insight," said Gerardo Caceres, SVP of Client Delivery and Regulatory Strategy for RealEC Technologies. "We are pleased to offer Closing Insight's efficiency and risk manage - ment tools to ValuAmerica's clients." Mortech and Calyx Integrate Mortgage Pricing and Loan Technologies POINT AND POINTCENTRAL WILL NOW INCLUDE DATA FROM 400-PLUS MORTECH INVESTOR SHEETS. M ortech, a Zillow Group business that offers technology solutions for mortgage bankers and secondary market teams, announced that its product and pricing engine (PPE) and secondary marketing solutions are now integrated into Calyx's Point and Point - Central (Point) loan origination software (LOS). The integration allows Point users to access Mortech's mortgage product and eligibility information and compare loan pricing scenarios from more than 400 investor sheets all within the Calyx interface. "In today's competitive market place, closing loan transactions quickly and efficiently is critical and lenders are increas - ingly looking for technology solutions to help streamline the loan process," said Doug Foral, General Manager at Mortech. "By aligning the Mortech and CalyxSoftware offerings, we are providing our customers with the mortgage automation solutions they seek to optimize their day-to-day workflow, bringing simplic - ity to the complex mortgage environment, and ultimately, delivering a technological solution to allow our customers to close more loans more quickly." Mortech also noted that the integration will give consumers instant access to its pricing, including loan specific rates, profit and adjustment information, along with automating the lock request process by seamlessly transferring borrower scenario data between its Marksman PPE and Point. In addition, the integration is expected to reduce the chance of error by removing data re-entry, and improve loan-processing automation through multi-system interoper - ability. "At Calyx, we're continually enhancing our software and adding quality technology partners to our network to offer a competi - tive edge to our mortgage banking and broker clients," said Dennis Boggs, EVP of business development at CalyxSoftware. "Integrating Mortech's product and pricing engine into our platform will simplify the searching process for our users and provide them access to pricing from Mortech's extensive portfolio of supported wholesale and correspondent programs." American Homes 4 Rent and American Residential Properties Announce Merger THE NEW COMPANY WILL MANAGED MORE THAN 47K PROPERTIES ACROSS 22 STATES. A merican Homes 4 Rent (AH4R) and American Residential Properties, Inc. (ARPI) announced in Decem- ber plans to merge, creating a combined company that is expected to own and manage more than 47,000 residential single- family rental homes. The merger is expected to enhance the size of the largest publicly-traded single-fami - ly rental company, California-based American Homes 4 Rent, which prior to the merger owned approximately 38,000 SFR properties. "We are delighted to announce our agreement to combine with American Residential Properties, further establishing American Homes 4 Rent as the largest publicly-traded owner and operator of single family rental homes," said David Singelyn, CEO of AH4R. "American Residential Properties has a high-quality portfolio of homes which fit strategically in our markets, offering significant opportunities to capture further operating efficiencies on the com - bined platform. Moving ahead, we look forward to creating additional value for the shareholders of the combined company while strengthening our position as a premier company in the single-family rental sector." The boards of both companies have approved a definitive agreement for a tax-free merger. The total value of the transaction is approximately $1.5 billion. The merger is expected to close sometime in the first half of 2016. The total SFR home inventory of the combined company, which is expected to be more than 47,000 properties, covers 22 states and is expected to have an equity market capitalization of approximately $5.5 billion and an aggregate real estate cost basis of more than $8 billion. The transaction was negotiated with a fixed exchange ratio of 1.135 shares of AH4R for each share of ARPI, and ARPI will merge into AH4R in a tax-free exchange. ARPI shareholders will own about 13 percent of the combined company, according to the announcement from AH4R. Two Brands, One Solution { { We cover the territory. Futura Title & Escrow Corp.'s brands offer a single point of contact for all of your title and escrow transactions. Regionally focused, our footprint consists of 69 convenient branch locations serving 58 counties throughout Idaho and Oregon, and parts of Montana, Washington and Wyoming. While we are one of the largest title and escrow groups in the Northwest, you'll find that our local emphasis is reflected in our market expertise. Committed to maintaining compliance with the American Land Title Association's (ALTA) Title Insurance and Settlement Company Best Practices, our brands are distinguished as the trusted settlement service providers in the region. When your transactions cover more than one county, Futura Title & Escrow Corp. is your regional title and escrow solution. orders@futuratitle.com www.alliancetitle.com www.amerititle.com www.futuratitle.com Jenny Martin Senior VP & Corporate Business Development Director 208.955.9681 office 208.891.0481 cell jenny.martin@futuratitle.com