April 2016 - Tech Revolution

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 7 global mortgage industry footprint, which already includes mortgage servicer Specialized Loan Servicing (SLS) in Highlands Ranch, Colorado, and HomeLoan Management (HML) in the United Kingdom. Brian Simons, founder of Altavera, will continue in his role as President. Debora Aydelotte and Penny Nelson will both continue in their roles as COO and SVP, Mortgage Operations, respectively. Both companies are working collab - oratively to bring enhanced services to their clients, partners, and the mortgage industry. The companies expect the transaction to close this month. Nationwide Title Clearing Opens New Office THIS PALM HARBOR, FLORIDA, SERVICE PROVIDER EXPANDS INTO TEXAS. I n March, Nationwide Title Clearing (NTC), a post-clos- ing services provider for the nation's largest financial institu- tions, investors, and servicers, opened a new office in Dallas, Texas, that will include a new data center. NTC's Chief Information Security Officer Scotty McEntire will be based in the new facility, which will constitute a full disaster recovery site for all data and infrastructure as well as staffing. "It's not enough to provide the industry's best service if one day, through no fault of your own, you suddenly can't," said NTC CEO John Hillman. "Our clients deserve to know that if anything happens, they'll see no difference in our excellent service levels. Our new Dallas facility will allow us to cutover at a moment's notice, without loss of data, capabilities or the staff required to remain fully operational." In addition to Disaster Recovery and Business Continuity (DRBC), the site will help the company deal with work overflows due to fluctuat - ing volumes by accommodating staff for the firm's data entry, online research, and file audit work. In all, about 150 NTC employees will ultimately work for NTC in Dallas. NTC stated that they have worked very hard over the years to have a positive impact on the Palm Harbor area in which it is based. As a result, the firm has received a great deal of recognition and won many awards for its near constant philanthropy and community involvement as well as for being a great place to work. Now, with the new office opening in Dallas, the company hopes to duplicate that model in the Midwest. Genworth Mortgage Insurance Partners with Roostify PARTNERSHIP AIMS TO SIMPLIFY AND STREAMLINE THE CONSUMER HOME LENDING EXPERIENCE. G enworth Mortgage Insurance, a subsidiary of Genworth Financial, Inc., recently announced an exclusive partnership with Roostify, a web and mobile platform that stream- lines and accelerates the home buying process. According to a release from the companies, Roostify's platform gives consumers the power to submit a complete and accurate application in under 20 minutes. This allows loan officers to spend more time focused on closing loans rather than searching for information and documents. In addition, it also serves as a networking tool, allowing for interaction among loan officers, real estate agents, underwriters, and consumers all in one digital hub. "The mortgage origination space is really just starting to benefit from technology advance - ments, and Genworth is laser- focused on staying ahead of the technological curve," said Kevin McMahon, SVP Strategy & Business Intelligence, Genworth Mortgage Insurance. "Being the first mortgage insurance provider to integrate with a partner like Roostify greatly enhances Genworth's existing offerings. We're focused on helping our customers grow their business and drive origination process efficiencies. A platform of this scale is particularly timely and valuable given demand for new homes is steadily increasing." Loan officers using the Roostify platform can also process originations via their mobile devices with the new technology. Furthermore, the platform can be white-labeled and customized with each lender's branding, style, and product offerings. Genworth's partnership with Roostify is a sign of the chang - ing mortgage origination landscape, which Roostify has been instrumental in advancing. "Roostify is answering the call to simplify the consumer home lending experience, as stream - lined, cutting-edge mortgage origination solutions become a necessity rather than a luxury," said Rajesh Bhat, Co-Founder and CEO, Roostify. "Our partnership with Genworth aims to address a sizeable need for innovation and improved efficien - cies in the housing industry." Here are some additional benefits to using Roostify's platform via Genworth's partnership: • Lenders: Lenders are provided with the ability to automate loan documentation and closing activities to reduce costs and increase conversion of apps into closed loans. • Loan Officers: Loan officers can seamlessly share and track critical information with their homebuyers and partners to create a positive customer experience. • Homebuyers: Homebuyers receive a better, faster and less stressful experience with step- by-step guidance in the loan application and closing process. MTECH "The mortgage origination space is really just starting to benefit from technology advancements, and [we are] laser-focused on staying ahead of the technological curve." —Kevin McMahon, Genworth Mortgage Insurance

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