MReport July 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 5 MTECH ing's FUEL platform to develop Caliber Express Connect. First- Funding's technology solutions allow Caliber Home Loans to meet one of the industry's most significant concerns—providing 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," Phil Shoemaker, EVP and COO of Production, Caliber Home Loans said. "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-dele - gated 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, geomapping, 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," Jim Dunkerley, President, FirstFunding, Inc. said. "The industry never could have one seamless platform for non- delegated correspondent lenders to close loans and manage their warehouse 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 THE INTEGRATION INCLUDES NEW FUNCTIONALITIES TO THE EXISTING PLATFORM OF THE MORTGAGE INSURANCE PROVIDER. G enworth Mortgage Insur- ance has announced an enhanced integration with Ellie Mae's Encompass digital mortgage solution to include new functionality for contract underwriting services. The enhancement allows lenders to submit loan applications directly through the Encompass interface for contract underwriting with or without mortgage insurance, add - ing a new offering for customers who use both the Genworth and Encompass solutions. "Integrating contract underwrit- ing into the Genworth-Encompass workflow expands our multi- solution offering and extends our expertise in another key area to all our customer segments," Erika Martin, Director, Customer Experience and Segment Marketing, Genworth Mortgage Insurance said. "This expanded partnership, against the backdrop of our best-in-class underwriting capabilities, advances our goal of driving innovation to facilitate homeownership opportunities for new and existing homeowners." Additional features from the integration include: ease of use for lenders, further supporting Genworth's customers' use of contract underwriting to reduce origination cost and support un - derwriting capacity needs; ability to order contract underwriting and upload associated documents while staying within Encompass; mortgage insurance commit - ments and contract underwrit- ing decisions provided through Encompass as downloadable PDF files; and submission of loans for contract underwriting with or without mortgage insurance. The Encompass integration enhancement at Genworth is the latest in a series of initiatives that leverage technology to improve the underwriting process. In 2017, Genworth launched a new website,, that allows loan officers, under- writers, processors, and other lending professionals to visually track every part of the mortgage insurance application process through close. "Genworth's technological ecosystem has meaningfully improved to where all of the individual technology-oriented solutions that have been cre- ated over the years are increas- ingly compatible with each other," George Reichert, CIO, Genworth Mortgage Insurance said. "We view this as a tremendous posi- tive in our efforts to drive innova- tion." OpenClose Partners with Ascend THE PARTNERSHIP INCLUDES THE IMPLEMENTATION OF A LOS PLATFORM. A scend Federal Credit Union (Ascend) is part- nering with OpenClose, a multichannel loan origination system (LOS) and mortgage fintech provider, to leverage its LenderAssist LOS platform and DecisionAssist product and pric- ing engine (PPE). OpenClose's browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division. The LOS at Ascend will simplify its mortgage processes, ensure compliance, improve ef- ficiencies, maximize productivity, and reduce costs without the time and expense of implementing and maintaining a legacy system. LenderAssist is configured to support Ascend's specific business processes and automate the lend- ing workflow from start to finish. The entire platform was imple- mented in less than 60 days. "Since implementing the new system, we have enhanced our overall mortgage lending process and ability to provide faster, better service to members looking for a home loan," Don Gilliam, VP of Mortgage Lending at Ascend said. OpenClose maintains the entire system for Ascend and its DecisionAssist program provides instant, accurate loan pric- ing and eligibility for Ascend's "Attaining a home loan can be an intimidating, complex experience for many consumers, but Ascend's focus on service and use of technology makes it very easy for members to do business with them." —JP Kelly, President, OpenClose

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