TheMReport

6 | TH E M R EP O RT MTECH Comergence Launches New CRM Platform THE SOFTWARE COMES PRE-LOADED WITH CUSTOMER PROSPECT DATA AND WILL OFFER A BUILT-IN EMAIL MARKETING TOOL. C omergence, a provider of third-party vendor and risk-management plat- forms for the mortgage industry, recently announced the release of ComergenceCRM for whole- sale, correspondent, and warehouse lenders. This CRM solution is embed- ded in the existing Comergence compliance portal and, according to the announcement, will effectively change the way lenders recruit and manage third-party originator business using native system features. It will also unite mortgage compliance and sales to increase business without added regulatory burden. "We saw the need to bridge a gap between sales and compliance teams, so we developed a tool that does just that," said Greg Schroeder, President of Comergence. "It's so important to alleviate loan prevention challenges due to compliance demands, so we fashioned a system to provide clearer insight into who lenders should be doing business with." This new platform differentiates itself from other customer relationship management (CRM) solutions with two specific features; it comes loaded with the data of a lender's clients and prospects that are already being monitored by the Comergence core due diligence system—there- fore alleviating additional compliance burden—and it also eliminates costly customized configuration often required with other systems. In addition to these two features, other key ComergenceCRM features at launch include propriety market forecast indicators that boast a 90-percent accuracy, as well as historical loan production information and a robust email marketing tool. Futhermore, the ComergenceCRM can integrate with any lender's loan origination solution providing a 360-degree picture for deeper evaluation and easier health checks for all existing partnerships. "We understand that data hygiene is the biggest challenge when it comes to database management," said Michael Stallings, EVP of Comergence. "We're able to monitor and update the data ensuring the highest possible standards in data integrity." Carrington Adds Conventional Loan Products CONFORMING, FIXED-RATE, HIGH-BALANCE, OPEN ACCESS, REFI, AND LPMI LOANS WILL NOW BE OFFERED. T he Wholesale Lending Division of Carrington Mortgage Services, LLC, has announced the addition of conventional loans to its suite of products. This addition builds on Carrington's government lending experience, which provides more choices for Carrington's broker customers, agent partners, and clients, according to the announcement. "Together with our government product line and expertise, Carrington is the go-to lender for both government and conven - tional lending, ensuring we're able to provide loan choices across the entire market to enable brokers to serve a more diverse range of customers in bringing their loans home," said Ray Brousseau, EVP of Carrington Mortgage Services, LLC's Mortgage Lending Division. The new conventional loan products offered by Carrington include: conforming fixed-rate loans (purchase/refinance available), conforming, high balance (higher loan amounts, purchase/refinance), Freddie Open Access (refinance), DU Refi Plus (refinance), lender paid mortgage insurance (LPMI), and Texas Home Equity. "With the addition of our wholesale lending conventional loan products, Carrington can now offer even more purchase loan options for borrowers with great credit, first-time homebuyers, those needing a low down payment and the underserved," said Patrick Flanagan, EVP of Carrington Mortgage Services, LLC's Wholesale Lending Division. "Combined with our great service and fast turn-times, that makes it possible for us to better serve brokers and consumers—putting more people, and more families, in the home they want." FHFA Reports Progress on Single Security Initiative RELEASE 1 OF CSP IS SET FOR 2016, WHILE RELEASE 2 IS PLANNED FOR 2018. T he Federal Housing Finance Agency (FHFA) recently announced it expects to meet the stated goals for implementing the Single Security and the Common Securitization Platform (CSP). The Single Security is a joint initiative of the GSEs under the direction of their conservator, the FHFA, to develop a single mortgage-backed security issued by the GSEs to finance fixed-rate mortgage loans backed by single-family properties. The CSP is a technology and operational platform developed by Common Securitization Solutions (CSS), a joint venture of the GSEs that will perform many of the core back office operations for the Single "It's so important to alleviate loan prevention challenges due to compliance demands, so we fashioned a system to provide clearer insight into who lenders should be doing business with." —Greg Schroeder, President, Comergence

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