TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/987227
8 | TH E M R EP O RT MTECH P lano, Texas-headquartered mortgage technology-pro- vider Pavaso is partnering with Title Resource Group's Lender Services Division (TRGLS) to provide eClosing technology to TRGLS clients nationwide. Pavaso has created the industry's only end-to-end digital closing platform to im- prove business processes, com- munication, and efficiency, and is continuing to focus on the improvement of the consumer experience. The partnership will deliver on TRGLS's strategy of using technology to provide the best settlement experience possible with the aim of using this digital platform to decrease the time for the consumer at settlement, the ability to meet the ever-changing expectations of the customer, and facilitate a better execution process for lender partners. Pavaso's technology brings all parties together into one secure portal for the transaction and delivers transparency, education, and information to everyone from beginning to end. This approach changes the way all parties to the transaction conduct closings. Scalable and flexible technology allows digital transactions ranging from hybrid closings to complete eNotes and eVault. TRGLS is a full-service title, settlement, and vendor manage- ment company that operates in 48 states and the District of Columbia. transformation," said Mark McElroy, CEO, Pavaso. "We're thrilled to see another national service firm cement its position as a leader in the indus- try by embracing the importance of consumer and client transpar- ency. The digital mortgage is the gateway to an industry more client-centric and consumer-centric than it's ever been before, which will be to everyone's advantage." Veros Assists SBS for Valuation Tools SBS HAS ADDED VEROS PRODUCTS TO ITS SUITE OF PROPERTY-SPECIFIC VALUATION AND APPRAISAL MANAGEMENT SERVICES. S elect Business Services Inc., (SBS), a valuation and title solutions company, recently announced the addition of Veros Real Estate Solutions' VeroPRECISION to their suite of valuation and appraisal management services. The ad- dition of VeroPRECISION will give users the ability to deter- mine if an automated valuation model (AVM) is an appropriate tool for a specific property by first determining if it is a good candidate for an AVM and then finalizing which evaluation tool would provide the most accu- rate and appropriate data. SBS offers a full suite of valu- ation and appraisal management services that can be tailored to meet unique specifications. The company provides real estate property appraisals and AVMs for banks, credit unions, mortgage lenders, and mortgage servicers. "This application gives our cus- tomers a unique tool by which to evaluate properties more accurate- ly," said Dan Kavanaugh, VP, SBS. "It's an example of our dedication to providing customers with new and innovative solutions that meet their specific and changing needs." "SBS offers an expansive suite of property valuation offerings for use during every phase of the mortgage lifecycle and we are honored to have them add VeroPRECISION to the mix," said Rob Walker, VP, Sales at Veros. "VeroPRECISION is the first offering of its kind to address an inconvenient truth: that an AVM may not be an appropriate valu- ation tool for a particular subject property. With its addition, SBS clients will now have the ability to decisively determine when and when not to use AVMs; enabling them to make well-informed busi- ness decisions." Veros is an enterprise risk man- agement and collateral valuation services provider. The firm com- bines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk. Caliber Partners with FirstFunding THE PARTNERSHIP WILL HELP THE LENDER TO SPEED FUNDING REQUEST TURN-TIMES AND REDUCE ERRORS AND RISK. C aliber Home loans has partnered with First- Funding, to speed up funding request turn-times and reduce errors and risk by inte- grating Caliber's H20 origina- tion system with FirstFunding's FUEL platform to develop Cali- ber Express Connect. FirstFund- ing's technology solutions allow Caliber Home Loans to meet one of the industry's biggest concerns—providing a viable, secure, and accelerated solutions for its lenders. By making Caliber Express Connect one seamless platform, Caliber plans to allow its non- delegated correspondent lenders to have more control, deliver faster closing times, and lower their costs. "We are very excited to partner with FirstFunding and announce the launch of Caliber Express Connect," said Phil Shoemaker, EVP and COO of Production, Caliber Home Loans. "It leverages our top-notch origination platform exclusively with FirstFunding's system to drive an entirely faster and seamless funding process for the non-delegated correspondent lender. This type of integration that brings automation between a lender and warehouse facility is long overdue in the non-del- egated correspondent space and we are excited that Caliber and FirstFunding are leading the way." The FirstFunding FUEL and FastPass platforms feature browser-based technology, LOS integration, customizable reports including trends report, days online report, geo-mapping, seam- less payments, and 1098 report- ing. Data integrity, security, and storage give non-delegated lenders increased control and valuable data reporting to keep their busi- ness running smoothly. "The integration of FirstFunding and Calibers system's is the first of its kind for non-delegated lenders," said Jim Dunkerley, President, FirstFunding, Inc. "The industry never could have one seam- less platform for non-delegated correspondent lenders to close loans and manage their ware- house facilities. By allowing our FirstFunding technology to interact with the investors system we empower the correspondent lender to direct the passing of loan information and image docu- ments directly from the investor's platform to the FirstFunding platform." Genworth Enhances Digital Integration "When I came to this country, I had a strong desire to be successful in the business world. I also instinctively understood how important it was to advocate for women's equality, in business and otherwise."