TheMReport — News and strategies for the evolving mortgage marketplace.
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4 | TH E M R EP O RT MTECH Firm Solutions and assure360 Officially Merge THE TWOSOME TEAMED TO PROVIDE MORE UP-TO-DATE, ALL-INCLUSIVE OFFERINGS FOR CLIENTS, INCLUDING SOME TO-BE-ANNOUNCED PRODUCTS COMING DOWN THE PIPE. T wo technology and out- sourcing companies used in the financial services, real estate, and legal industries have joined forces. Now, Firm Solutions and assure360 have the ability to offer new and unique technology compliance solutions for law firms and servicers, and all under one brand name: Firm Solutions. With the decision to become a single company, Firm Solutions' leadership is now enabled to deliver a more modernized and complete offering to the industry. "Law firms and mortgage servicers are both in the process of recalibrating to the new normal of the default servicing industry," said Scott Brinkley, CEO of a360inc. "As the market continues to transition from the capacity challenges of recent years to the mounting com- pliance and performance burdens, new solutions and new thinking are imperative. Demand for innova- tive technology and new approach- es to data-enabled outsourcing options that offer operational effi- ciency gains and ensure compliance will continue to increase." The newly formed Firm Solutions also announced plans to debut an all-new platform to launch in the fall, which will be custom built for the changing compliance, vendor management, and audit requirements that law firms and servicers face today. "As we continue to evolve our practice management solutions, this strategic decision enables us to deliv- er a more streamlined, cohesive, and complete offering to the industry. Organizationally and operationally, this single-company approach will enable us to better develop, deliver, and market the innovative solutions we know the industry needs," Brinkley continued. "With new products poised for release and the active pursuit of additional strategic acquisitions, the industry can expect more major announcements in the immediate future." DataVerify Now Offers Automated Processes to Submit Tax Info THE UPGRADE WILL AID LENDERS IN HIKING THEIR EFFICIENCIES WHILE MITIGATING MISTAKES. D ataVerify recently an- nounced that it now offers an automated process that populates required data elements for submission of 4506-T IRS tax transcript infor- mation to the Fannie Mae Day 1 Certainty data validation service through Ellie Mae's Encompass all-in-one mortgage management solution and Total Quality Loan program. This enhancement will help lenders improve efficiency in the loan process while at the same time reducing errors. The platform evolves dy- namically through the origination process, providing lenders com- prehensive data aggregation with user simplicity. The results are consistent and highly efficient. "DataVerify recognizes the importance of working with an industry leader such as Ellie Mae to deliver Day 1 Certainty," said Brad Bogel, SVP, DataVerify. "By continuing to develop our rela- tionship with Ellie Mae, we hope to elevate the user experience and to continue meeting our custom- ers' unique needs by providing solutions that ensure a secure and efficient method for evaluating and delivering 4506-T IRS tax transcript information." Ellie Mae's technology solu- tions help lenders originate more loans, lower origination costs, and shorten the time to close. CoreLogic Service Integrates With Fannie Mae DAY 1 CERTAINTY IS NOW A SURE THING, THANKS TO THE RECENTLY WRAPPED ALLIANCE. C oreLogic announced that its 4506-T income verifica- tion product has fully inte- grated with Fannie Mae's Desktop Underwriter (DU) platform to provide Day 1 Certainty service. In November 2016, Fannie Mae announced its new Day 1 Certainty program, which is de- signed to provide greater transpar- ency and create a more efficient mortgage origination process. Now, CoreLogic's incorporation with DU delivers verification data that meets Fannie Mae's under- writing requirements. When a lender submits borrower data for a conventional mortgage through By Leaps and Bounds With core brands banding together to turbo-boost their capabilities and others ramping up their products to both simplify and amplify their operations, it seems that there's no stopping the mortgage sector as it continues to grow and go.