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Issue link: http://digital.themreport.com/i/81279
ON THE WEB complete that process, mov- ing real borrowers through the system quickly and into the LOS, allowing loan officers to be much more effective." Ethan Ewing, president of Bills.com, which owns and oper- ates the Lendage platform, noted, "Searching for a home loan on one lender's website will frustrate borrowers," he said. "They want to shop like they shop for airline tickets. On the other side, we employ technology to validate the information the consumer is providing." He concluded: "Our goal is to improve the quality of the leads our lender is receiving and em- power the consumer to make the smarter decision. Mortech's PPE will help us with that." BluFi Lending Opens New California Location ROLLING OUT ITS THIRD BRANCH IN THE SUNNY STATE, BLUFI HAS EXPANDED INTO THE WALNUT CREEK AREA. is continuing its expansion. The direct home loan lender recently announced the opening of a new branch in Walnut Creek, which represents BluFi's third office in the state. The latest location will be led In California, BluFi Lending by manager Mario Vargas, who will head up a team of mortgage bankers, processors, and back office staff. Vargas and his team will be responsible for servicing the com- pany's clients throughout the region. "The best way for us to help consumers and real estate profes- sionals is by increasing our ca- pacity to handle home loans, and this new office does just that," said John Lee, BluFi Lending's president and CEO. "We man- age everything in house, from processing and underwriting to funding, so we can provide the best rates and fastest closing times in our office areas. "Mario and the team at Walnut Creek have done a great job WEB AT WORK WGS Implements ULLD Capabilities IN KEEPING WITH THE FEDERALLY MANDATED JULY COMPLETION DATE, THE TECHNOLOGY COMPANY ANNOUNCED ITS COMPLIANCE WITH ULLD STANDARDS. mentation of the uniform loan delivery dataset (ULLD) ar- rived in July, Wipro Gallagher Sxolutions (WGS) announced its As the deadline for imple- expanding into the Bay Area, and we can now deliver excellent BluFi service to more customers. Additionally, we plan to start ser- vicing loans in 2013," added Lee. BluFi noted that Vargas is rapidly building a team of loan purchase producers to facilitate 24- hour underwriting and fast fund- ing turnaround. Commenting on the company's growth, BluFi cited low mortgage rates as the catalyst behind the steadily increasing demand for loans. adoption of ULDD standards. The company noted that clients using its loan origination systems will now be able to seamlessly interface with the government- sponsored enterprises (GSEs), as per ULDD's objectives. Through its ULDD capabilities, customers specifically," concluded Bharadwaj. CoreLogic Confirms Multiyear Deal in Texas WGS will give users engaging the company's NetOxygen module the ability to control loan data and GSE delivery in-house. In a com- pany statement, WGS noted that the addition of ULDD compliance STRIKING A DEAL WITH THE AUSTIN BOARD OF REALTORS, CALIFORNIA-BASED CORELOGIC HAS ESTABLISHED AN ONGOING AGREEMENT FOR THE USE OF ITS MATRIX MODULE. struck a deal with the Austin Board of Realtors (ABoR). The company recently announced the multiyear agreement, following the group's decision to engage CoreLogic's Matrix platform. "CoreLogic offers a wealth of California-based CoreLogic has mobile accessibility that many of our members are looking for. By offering Matrix alongside our existing MLS system, we can expand our menu of services and empower our members to dif- ferentiate themselves in a competi- tive market," Maire added. The Matrix system will options not available from other MLS providers," said ABoR CEO Matt Maire. "Matrix provides the speed and serve to supplement ABoR's previously selected technology program, CoreLogic's Fusion/ MLXchange module. ABoR also currently deploys the company's Realist, MLS Data Checker, MLS Data Co-op, and Transaction/ Document Manager and Stats Pro. Ben Graboske, SVP of real will provide greater efficiency for data collection, elevated levels of data specificity, and reduced dependence on special codes. Narayan Bharadwaj, head of business for WGS, commented, "Adoption of a consistent loan delivery format reduces the cost and time lenders and investors spend cross checking and com- paring data fields. "Ultimately, ULDD creates ad- ditional efficiencies in the primary and secondary mortgage markets, as well as provides a more trans- parent lending experience for our estate and financial services for CoreLogic, commented on the deal, noting, "We are tremen- dously pleased that the Austin Board of Realtors has selected CoreLogic as its MLS systems provider. Matrix continues to gain momentum in premier markets like Austin where maximum per- formance is especially critical. By combining Matrix's iPad-friendly HTML interface and sub-second response times with the vast data resources of CoreLogic, we are creating a new class of MLS system unlike anything else on the market today." THE M REPORT | 11