TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/831918
TH E M R EP O RT | 5 MTECH eMortgage solutions have pro- vided Texas Capital Bank with the tools necessary to incorporate the funding of eNotes into our everyday operational procedures," Martin said. "We believe the digital mortgage revolution and acceptance of eNotes will continue to grow. We are pleased to have partnered with DocMagic to build out the in - frastructure needed to support the eNote funding process at the bank, which in turn supports the trend towards digital mortgages." DocMagic's President and CEO Dominic Iannitti praised Texas Capital for its move toward more digital solutions. "It's very rewarding to support Texas Capital Bank as they move forward and break ground as an eWarehouse leader," Iannitti said. "In this industry, it's forward- thinking, tech-savvy organiza - tions like this that thrive, set the pace, and reach their goals. They understand the fundamental role that advanced technology plays in their—and the industry's—progress. We look forward to collaborating further as we help drive true end- to-end eMortgage adoption." HouseCanary Offers RE/MAX Agents Pricing Insights RE/MAX AFFILIATES CAN ACCESS HOUSECANARY'S VALUE REPORTS FOR IN-DEPTH PRICE REPORTING. R E/MAX and HouseCanary have partnered up to bring real estate professionals more information, more data, and more power to close deals. Through the partnership, RE/MAX affiliates will now have access to HouseCanary Value Reports through the organiza - tion's Approved Suppliers portal. Offering market and property-level data, as well as highly accurate home valuations and future pricing forecasts, Value Reports give real estate agents insights that can im - prove their client relationships and the value of their transactions. According to a joint release from the companies in April, "Accurate home values and three-year forecasts, in an industry where valuations have been suspect, are at the core of the reports." According to HouseCanary CEO Jeremy Sicklick, it's the platform's powerful algorithm that makes it unique. "Other home valuation meth - ods are based largely on historical comparable sales," Sicklick said. "HouseCanary measures price movements on every residential block in the country, allowing for precise valuations today and three years into the future. Our algorithms combine 40 years of history, 1 billion residential transac - tions, and hundreds of proprietary calculations influencing home values, such as capital markets, jobs, traffic … even views from a property's backyard." The reports' ability to forecast pricing is their biggest competitive advantage—especially in a market with tight inventory and rising prices, according to HouseCanary. "In markets facing low invento - ry, rising prices, and interest rates, the ability to provide clients and leads with a three-year forecast of a home's value serves as a clear competitive advantage. Offering accurate market demand figures unavailable elsewhere, months of supply, and market rent by square foot for similar properties, the reports allow realtors to become a trusted source of information and 'prove their gut' on property prices," according to HouseCanary. Mortgage Cadence Introduces Collaboration Center MORTGAGE CADENCE ACQUIRED COLLABORATION CENTER, FORMERLY CLOSINGBRIDGE, FROM BEESPATH INC. E arlier this month, Mort- gage Cadence acquired BeesPath Inc.'s Closing- Bridge platform, now branded as Collaboration Center. Currently, the platform will be offered as a standalone prod - uct, but in the future it will be fully incorporated into Mortgage Cadence's platform. ClosingBridge manages communications be- tween borrowers, co-borrowers, real estate agents, sellers, attorneys, lending staff, title agents, and settlement agents on mortgage transactions. "Taking an innovative approach to a long-standing challenge in mortgage—unsecure communica - tions involving borrower data and information—BeesPath has created an elegant, all-digital solution that securely connects all parties involved in the closing process," said Michael Detwiler, Mortgage Cadence's CEO. "ClosingBridge is another strategic addition to our forward-looking Mortgage Cadence platform." Tom Hougaard, president of BeesPath, will be joining Mortgage Cadence to oversee the rollout. "We are proud to welcome Todd and the Collaboration Center technology to the Mortgage Cadence product suite with near-immediate client availability," said Trevor Gauthier, Mortgage Cadence's President and COO. "Thanks to this exciting acquisi - tion, our lenders will be able to provide their borrowers with the peace of mind that all collabora- tion regarding their transaction is being handled swiftly and securely for better compliance, efficiency, and structured communication between all parties. In addition to accelerating our digital strategy, this asset acquisition puts more functionality into our clients' hands sooner, enabling them to close loans more quickly while having the assurance that the loan communications are secure." Mortgage Cadence is headquar - tered in Denver, Colorado, and is a subsidiary of Accenture. The company said it is excited to offer this new tool to help streamline the closing process—especially in regards to the TILA-RESPA Integrated Disclosure rule. Credit Plus Announced Ellie Mae Integration CREDIT PLUS' CREDIT REPORTS ARE NOW AVAILABLE THROUGH ELLIE MAE'S ENCOMPASS CONSUMER CONNECT. C redit Plus, a provider of intelligent insight for mortgage profession- als, announced in mid-April its credit reports are available through Ellie Mae's point-of-sale solution, Encompass Consumer Connect, an extension of the Encompass all-in-one mortgage management solution. The integration allows Encompass Consumer Connect users to verify and share their credit reports with lenders. "We're excited to be at the forefront of this initiative and one of the first Ellie Mae partners included in this consumer-friendly interface. Encompass Consumer "In this industry, it's forward- thinking, tech-savvy organizations like this that thrive, set the pace, and reach their goals." —Dominic Iannitti, President and CEO, DocMagic