MReport November 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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4 | TH E M R EP O RT MTECH First American Mortgage Solutions Provides Certainty THE COMPANY WAS RECENTLY NAMED VENDOR FOR FANNIE MAE'S DAY 1 CERTAINTY PROGRAM. F irst American Mortgage Solutions, LLC recently an- nounced it is one of a few vendors able to offer data verifica- tion for all three components of Fannie Mae's Desktop Under- writer (DU) validation service and Day 1 Certainty through First American FraudGuard. Now that First American Mortgage Solutions is an au - thorized supplier for 4506-T tax transcript service for IRS income verification, benefits include single source for Day 1 Certainty through the DU validation service, easy access to all three verification reports through First American FraudGuard, the ability to order individually or as a suite, and faster reviews with FraudGuard analytics and combined reporting. According to President of First American Mortgage Solutions Kevin Wall, the company's comprehensive verification solu - tion provides lenders with one source to get representation and warranty relief on validated loan components from Fannie Mae. "By accessing all three reports in a streamlined workflow, lend - ers will benefit from greater speed and efficiency, supporting their efforts to enhance the borrower experience," Wall said. Wall continued to explain how excited the company is to assist lenders in maximizing the value of the Day 1 Certainty program, so they can deliver more loans faster with confidence. "Transforming the future of the mortgage industry requires align - ment across all stakeholders and we are excited to be part of this collaboration," said Wall. ServiceLink and Roostify Announce Partnership THE COLLABORATION HAS THE GOAL OF REDUCING COSTS AND INCREASING EFFICIENCY IN THE MORTGAGE-ORIGINATION PROCESS. S erviceLink has announced a partnership with Roostify, a provider of automated lending technology, in an effort to promote moving the mortgage industry further into the digital space. ServiceLink's processes will now be in direct connection with Roostify's processes, providing lend- ers, consumers, and all mortgage participants collaboration through the entire mortgage-origination pro- cess, with the goal to reduce costs and increase efficiency. "ServiceLink's partnership with Roostify will improve the overall consumer and lender mortgage experience through enhanced technology and truly change the way settlement services are ordered and managed," said Chris Azur, CEO of ServiceLink. "By streamlining and connecting the steps in the mortgage-loan pro- cess, lenders will see reduced time to close, a reduction in process time, better pull-through rates, and high consumer satisfaction." The Roostify platform is used by lenders across the United States to allow consumers to apply for a mortgage, submit documentation, and follow his/ her loan's progress online. While Roostify provides automation tools for origination workflows related to documentation, verifica- tion, and communication, until now, tasks such as scheduling an appraisal, applying for a title policy, and scheduling a closing were still largely manual. Now, ServiceLink's technologies, such as ClosingShield and EXOS, will extend the digital experience for Roostify consumers and lenders, expanding efficiencies and benefits throughout the transaction, while providing immediate feedback on loan complexity and an estimated time to close. This will vastly improve the consumer experience, while also improving the rate-lock scenario evaluation for lenders. "We are excited to partner with Roostify to change how consumers engage throughout the mortgage-origination process," said Dan Sogorka, EVP of Sales and Strategy for ServiceLink. "This is the beginning of a number of massive changes that will put the consumer first, simplify and streamline manual processes for the lender, and ultimately redefine the mortgage experience." "Consumers are continually frustrated with the mortgage process when time is wasted Rest Assured Whether they are streaming the origination process or making sure data is verified, these tech solution providers will allow you to sleep easier at night.

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