Business, Moody's Investors Service

Moody’s Investors Service affirms Dovenmuehle’s overall rating as an ‘above average’ residential mortgage loan servicer

LAKE ZURICH, Ill. -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading residential mortgage subservicer, announced today that Moody's Investors Service ("Moody's") has affirmed its servicer quality (SQ) assessment as a servicer of prime residential mortgage loans at SQ2-. Moody's assessment underscores Dovenmuehle's exceptional capabilities across various key areas of mortgage servicing.

"This affirmation from Moody's reaffirms our commitment to excellence in mortgage servicing. At Dovenmuehle, we prioritize not only meeting but exceeding the expectations of our clients and borrowers," said Dovenmuehle Senior Vice President of Business Development David Allison. "Our sustained performance reflects the dedication of our experienced team and our ongoing investment in technology and process enhancements."

In its assessment, Moody's highlighted Dovenmuehle's focus on technology innovation and information security, noting the company's recent upgrades in network security software and implementation of monthly phishing exercises. The key areas considered in the review include:

* Loss Mitigation: The company's loss mitigation abilities were rated above average, with improved processes and enhanced efficiency.

* Enforcement Abilities: Dovenmuehle's enforcement abilities were above average, noting compliance enhancements in foreclosure processes.

* Loan Administration: The company's loan administration function was rated as average, with automation and ongoing efforts to address reconciliation items.

* Servicing Stability: Dovenmuehle's servicing stability was average, highlighting technology investments and the provision of DMIConnect for client access.

In addition, Dovenmuehle's collection performance metrics were deemed above average, and the company has consistently demonstrated robust loss mitigation abilities, maintaining solid cure and recidivism rates.

Dovenmuehle's dedication to continuous improvement and adherence to best practices in mortgage servicing has resulted in this positive assessment from Moody's. The company remains committed to providing exceptional service to its clients and borrowers while upholding the highest standards of professionalism and integrity.

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans and loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com/.

Related link: https://dovenmuehle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Top CFOs

Bill Warden of Dark Matter Technologies recognized among The Top 25 CFOs of Jacksonville

JACKSONVILLE, Fla. -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that its Chief Financial Officer (CFO) Bill Warden has been recognized on the 2024 list of The Top 25 CFOs of Jacksonville. The Top CFOs awards program honors highly respected CFOs who have driven growth in their companies and the city's business community, solidifying Jacksonville as an economic giant.

Bill Warden has more than 30 years of experience in accounting, financial, operational and treasury leadership. For the last 12 years, Warden has worked in the mortgage technology industry, including serving nearly five years as Senior Vice President of Finance at Black Knight. In his current role as CFO at Dark Matter, Warden uses his financial acumen to optimize the organization's financial performance and ensure its long-term financial stability and growth.

"Bill's expertise in the industry and insight into operating results make him uniquely qualified for his role," said Dark Matter CEO Rich Gagliano. "His ability to lead collaborative discussion and foster ideas brings new insights to every conversation he is part of, driving strategic and creative growth while keeping a keen eye on the financial and economic impacts of every decision."

"When I moved to work in the mortgage sector, I embraced the complexities of the market. I had many leaders and teammates who helped me adapt and grow to meet the unique challenges the mortgage industry encounters," said Warden. "The impact we have on our community as mortgage technology vendors can be large and deeply meaningful to even our own neighbors, and I'm honored to have contributed to Jacksonville's economic strength through this work."

Learn more about The Top 25 CFOs of Jacksonville on The Top CFO website: https://thetopcfos.com/the-top-25-cfos-of-jacksonville-for-2024/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com/.

Related link: https://www.dmatter.com

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Awards and Honors, Business, Software

PROGRESS in Lending recognizes Argyle as a leader in mortgage industry innovation

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, is a 2024 recipient of the PROGRESS in Lending Association's 2024 Innovations Award honoring the most innovative companies in the U.S. mortgage industry. Argyle was recognized for its revolutionary approach to verification of income and employment (VOIE) that delivers meaningful cost savings for lenders and a superior experience for customers.

Argyle delivers secure access to direct-source income and employment data in real time. Its coverage of the US workforce, which includes gig economy workers and 99% of the Fortune 1000, is superior to the three largest credit bureaus and boasts the highest conversion rates in the market.

As the the first provider of consumer-permissioned income and employment data to be named an authorized Desktop Underwriter® (DU®) Validation Service report supplier by Fannie Mae, Argyle empowers lenders to auto-retrieve paystubs and W-2s, verify income and employment and qualify for Day 1 Certainty®-all at 60-80% less cost. In addition, Argyle seamlessly integrates with leading loan origination systems (LOS) and point-of-sale (POS) platforms such as ICE's Encompass, the Empower® LOS from Dark Matter Technologies, and the nCino Mortgage Suite.

"This recognition speaks to the impact Argyle is having on the mortgage industry," said Argyle CEO Shmulik Fishman. "It's a relief for lenders to get accurate, complete reporting quickly, so their loan teams can make decisions efficiently and focus their time on providing great customer experiences instead of number-hunting."

Now in its 14th year, PROGRESS in Lending's Innovations Award program recognized 30 companies for their contributions to innovation in mortgage lending in 2024. After scoring applicants on a weighted scale, judges selected winners based on their industry significance, originality and positive impact on lending efficiency. To view the complete list of winners, visit https://mymortgagemindset.com/the-2024-innovations-award-winners-are/

About Argyle:

Founded in 2018, Argyle is backed by top investors, including Bain Capital Ventures, SignalFire, Checkr, and Rockefeller Asset Management. Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their business. Argyle largely serves the mortgage, background check, personal lending and banking industries as well as the gig economy.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

Tags: @withArgyle @FastCompany #FCMostInnovative

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Software

SmartBuy DPA Now Available to The Mortgage Collaborative’s Lender Members

ADDISON, Texas -- Click n' Close, a multi-state mortgage lender, today announced its Preferred Partner status with The Mortgage Collaborative (TMC), a leader in mortgage cooperatives dedicated to providing its members with cutting-edge technology and expert mortgage banking resources.

As a correspondent investor, Click n' Close will offer TMC's Lender Members access to SmartBuy™, a proprietary suite of down payment assistance (DPA) loan programs designed to give homebuyers an advantage in today's heightened mortgage interest rate environment. This national program combines a USDA or FHA-insured 30-year first mortgage with either a second lien that is fully forgivable after five years or a 10-year repayable second lien amortized up to 30 years. The second lien funds available through both options meet agency minimum required investment guidelines and can be used by the borrower towards their down payment, closing costs, or to buy down the interest rate. SmartBuy also has no income or first-time homebuyer restrictions.

"TMC is one of the preeminent cooperatives serving mortgage lenders in today's market, and we are delighted to be part of its Preferred Partner network," said Click n' Close founder and CEO Jeff Bode. "SmartBuy is a competitive alternative to managing the myriad of state and local programs. SmartBuy has helped more than 6,000 borrowers become homeowners by extending more than $1.5 billion in DPA-related financing. We're looking forward to expanding both these numbers through our partnership with TMC."

"TMC is thrilled to have Click n' Close as a Preferred Partner serving the growing needs of today's mortgage lenders through its SmartBuy product suite," said TMC President and COO Melissa Langdale. "This partnership is a testament to TMC's mission of providing its members with access to the most innovative and reliable solutions in the industry."

About The Mortgage Collaborative

Based in Austin, Texas, The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/

About Click n' Close, Inc.

Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Related link: https://www.clicknclose.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Business, Chief Fintech Officer, verification of income and employment

Argyle welcomes former FHFA Chief Fintech Officer Jason Cave to board of advisors

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced the addition of Jason Cave, former chief fintech officer and deputy director of the Federal Housing Finance Agency's Division of Conservatorship Oversight and Readiness, to its board of advisors.

Cave has more than three decades of experience in U.S. banking regulation. Before joining the FHFA, Cave spent 27 years at FDIC, where he served in numerous positions including as a senior advisor within the Division of Complex Institution, Supervision and Resolution. He has also helped shape international bank policy as a former chairman of the Basel Committee's task force on simplicity and comparability, leading negotiations for the post-crisis reform package known as Basel III.

In more recent years Cave has emerged as a leading force in housing finance innovation. After launching the FHFA's Office of Financial Technology in 2022, he introduced its first annual Velocity tech sprint in 2023. The three-day event challenged practitioners from across the technology and mortgage finance sectors to build and present innovative solutions for increasing access, fairness, affordability and sustainability in mortgage lending.

"After 30 years in government, I'm investing my experience and energy in the fintechs that are working to solve the many entrenched challenges within banking and mortgage," said Cave. "Argyle is a company that is making real, measurable strides toward making mortgages more fraud-resistant and cost-effective in an industry where modernization is often an uphill battle. We can expect a lot more innovation to come from Argyle, and I'm energized to be a part of it. "

"No one understands the intersection of financial regulation and technology better than Jason Cave," said Argyle CEO Shmulik Fishman. "It's an honor to welcome Jason to our advisory board, where his guidance will be invaluable in helping Argyle navigate the D.C. landscape as we drive advancements the mortgage industry needs to thrive."

Cave's appointment to the Argyle advisory board follows that of fellow mortgage industry veterans Sam E. Oliver III and Terri Davis, both of whom joined in 2023. Oliver boasts three decades of experience at Freddie Mac, while Davis has held leadership positions at Fannie Mae, ICE Mortgage Technology and Notarize.

About Argyle:

Founded in 2018, Argyle is the leading provider of direct-source access to income and employment data. As an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service, a component of Day 1 Certainty®, Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers' ability to pay and reduce repurchase risk-all at 60-80% less cost. Argyle's commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Awards and Honors, Business, Most Innovative Companies, verification of income and employment

Fast Company recognizes Argyle among the Most Innovative Companies of 2024

NEW YORK CITY, N.Y. -- Argyle, the leading provider of direct-source income and employment data, has been named one of 2024's Most Innovative Companies by Fast Company. After evaluating a field of thousands of organizations worldwide, Fast Company editors, reporters and contributors ranked Argyle #5 globally for innovation in the Personal Finance category.

Argyle was recognized for its automated verification of income and employment (VOIE) platform that gives financial service providers direct-source access to real-time income and employment data so they can build better, more efficient products, workflows and experiences. In 2023, after introducing multiple new platform features and adding thousands of employers to its data network, Argyle grew the volume of consumer verifications it fulfilled by 100% year over year and welcomed more than 90 new business customers across mortgage lending, personal lending, banking, background screening and tenant screening.

"Argyle thrives on tackling age-old challenges with new approaches," said Argyle CEO Shmulik Fishman. "We are honored to be recognized by Fast Company as a global innovation leader in the personal finance space. We couldn't have done it without the partnership of our customers and integration partners. When it comes to making a difference for consumers, we are in it together."

"Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year," said Fast Company Editor-in-Chief Brendan Vaughan. "We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future."

Since 2008, Fast Company's Most Innovative Companies has been the definitive source for recognizing the organizations that are transforming industries and shaping society. Fast Company's 2024 Most Innovative Companies list honors 606 organizations across 58 sectors whose innovative technologies are revolutionizing the business world. To view the complete list, visit https://www.fastcompany.com/most-innovative-companies/list.

About Argyle:

Founded in 2018, Argyle is backed by top investors, including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management. Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their business. Argyle largely serves the mortgage, background check, personal lending and banking industries as well as the gig economy.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Advertising and Marketing, Business, mortgage secondary marketing technology, Optimal Blue

Mortgage Industry Veteran Sara Holtz Joins Optimal Blue as Chief Marketing Officer

PLANO, Texas -- Optimal Blue announced today that it has appointed Sara Holtz as chief marketing officer. As a seasoned marketing and communications leader, Holtz brings more than 20 years of career experience, including a decade of driving change in the mortgage industry. As chief marketing officer, Holtz will drive unified marketing and communications strategies to advance Optimal Blue's business priorities and further extend the company's influence.

"As the only comprehensive capital markets solution in the mortgage industry, Optimal Blue helps lenders realize greater profitability and operational efficiency, which plays an essential role in making the dream of homeownership attainable for the American borrower," said Holtz. "It's an honor to join Optimal Blue - a company that's been regarded for its innovation and expertise for decades. I am energized by the opportunity to build on the company's momentum to drive meaningful transformation for Optimal Blue's valued clients and the borrowers they serve."

Holtz joins Optimal Blue from ICE Mortgage Technology, where she most recently served as vice president of demand marketing and communications. In this role, she led a dynamic team focused on generating sales opportunities and engaging industry audiences. Holtz joined ICE with the company's acquisition of Ellie Mae in 2020. During her tenure at Ellie Mae, Holtz helped advance the company's corporate communications strategies, including both internal and external brand narratives.

"Sara is a highly respected professional and her unique blend of experience makes her the perfect addition to Optimal Blue's senior leadership team," says Scott Smith, interim CEO of Optimal Blue. "She has a track record of proven leadership, and she will play an integral role as we continue to expand our position as the leader in mortgage secondary marketing technology."

Holtz was honored as a HousingWire Marketing Leader in 2023, a prestigious award that celebrates the most creative and influential minds of the housing economy.

About Optimal Blue:

Optimal Blue is a market leader in mortgage secondary marketing technology. The company facilitates transactions among mortgage market participants through its Marketplace Platform, actionable data, and technology vendor connections. The platform supports a range of functions for originators and investors to automate and optimize core processes related to product, pricing, and eligibility, hedge analytics, MSR valuation, loan trading, social media compliance, and counterparty oversight. The company's premier products are used by 68% of the top 500 mortgage lenders in the U.S.

For more information on Optimal Blue's end-to-end secondary marketing automation, visit OptimalBlue.com.

Related link: https://www2.optimalblue.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Business, Software

Argyle brings the mortgage industry’s highest-converting VOIE platform to The Mortgage Collaborative

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, has joined The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, as a preferred partner. As a member of TMC's Preferred Partner Network, Argyle will provide the cooperative's lender members discounted access to its exemplary customer service and award-winning income and employment verification (VOIE) services, which outperform legacy verification services for a fraction of their cost.

Argyle empowers mortgage lenders to verify income and employment, auto-retrieve paystubs and W-2s and qualify for Day 1 Certainty(r)-all at 60-80% less cost. Its coverage of the U.S. workforce, which includes 99% of the Fortune 1000, is superior to the three largest credit bureaus and delivers hit rates higher than other data providers.

Founded in 2013, TMC empowers mortgage lenders across the country with networking and professional development opportunities and by facilitating the sharing of best practices and technologies that drive market growth, efficiency and profitability. Of the more than 65 U.S. mortgage lenders that switched to Argyle in the last year, 18 are current TMC lender members. Argyle also offers native integrations with three TMC Preferred Partners: nCino, Dark Matter Technologies and FinLocker.

Argyle will make its debut as a TMC preferred partner at the cooperative's The Mane Event conference taking place March 24-26 in Louisville, Kentucky. Argyle's Chief Operating Officer Brian Geary will join LMCU Vice President of Mortgage Strategy John Harpst in presenting a case study session chronicling the credit union's time savings, reduced costs and enhanced member experience since implementing Argyle.

"Argyle's approach to lowering origination costs while enhancing the lender and borrower experience is well aligned with our mission of helping lenders better themselves and the communities they serve," said TMC President and CEO Melissa Langdale. "We're pleased to add to our Preferred Partner Network an income and employment verification platform that provides a meaningful competitive edge."

"Joining The Mortgage Collaborative feels like coming home, because collaboration with our customers and integration partners has always been at the heart of Argyle's journey," said John Hardesty, general manager of Argyle's mortgage division. "We could not have built the fastest, most cost-effective and most accurate income and employment verification platform without a profound understanding of the practical challenges lenders face every day. We look forward to the opportunity to serve and learn from the exceptional lenders within The Mortgage Collaborative community."

About Argyle:

Founded in 2018, Argyle is the leading provider of direct-source access to income and employment data. As an authorized report supplier for Fannie Mae's Desktop Underwriter(r) validation service, a component of Day 1 Certainty(r), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers' ability to pay and reduce repurchase risk-all at 60-80% less cost. Argyle's commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr, and Rockefeller Asset Management.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

About The Mortgage Collaborative:

The Mortgage Collaborative (TMC) was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit https://www.mortgagecollaborative.com/.

Tags: @withArgyle @The Mortgage Collaborative #fintech #mortgage #mortgagelending

RELATED LINKS:

https://www.mortgagecollaborative.com/preferred-partners.html

https://web.cvent.com/event/72de6f1c-8527-4ad3-8405-582bc53f37d5/summary?session=53bc8371-c5cc-4435-afa4-6138c1219215

https://argyle.com/customers/lake-michigan-credit-union/

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, government-insured mortgage products, One-Time Close loans, Real Estate

Click n’ Close Announces One-Time Close Program to Address Home Buyer Challenges in Rural America

ADDISON, Texas -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced its latest mortgage product, One-Time Close (OTC) loan programs for government-insured mortgage products. This product is designed to aid homebuyers in rural America with down payment assistance, with availability in select markets.

"Given current market conditions, affordability is the number one challenge among potential homebuyers," said Click n' Close Owner and CEO Jeff Bode. "As prospective borrowers venture further out from cities and traditional suburban markets, Click n' Close stands as a resource, providing powerful financing tools for both wholesale lenders and borrowers to make homeownership possible."

Click n' Close's OTC program offers 100% loan-to-value (LTV) financing covering land, construction and closing costs, with no down payment or minimum investment required and the ability to finance the 1% USDA Guarantee Fee up to 101% LTV.

Other product features include:

* Flexible debt-to-income ratios;

* Eligibility for credit scores of 640 and above;

* No prepayment penalties;

* First-time homebuyer eligibility;

* Absence of required reserves;

* Seller/builder concessions up to 6%;

* Utilization of eligible gifts for closing costs; and

* Contingency account financing up to 10%.

To learn more about Click n' Close's wholesale team and check availability in your market, reach out to Soliman Martinez, Adam Rieke or Kerry Webb. For existing clients, contact your Click n' Close account executive to learn more.

About Click' n' Close, Inc.:

Click 'n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click' n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click' n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click' n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click' n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Related link: https://www.clicknclose.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business

MMI Ranks No. 29 on Inc. Magazine’s List of the Rocky Mountain Region’s Fastest-Growing Private Companies

SALT LAKE CITY, Utah -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it ranks No. 29 on Inc. 5000 Regionals: Rocky Mountain list, the most prestigious ranking of the fastest-growing Rocky Mountain private companies, based in Montana, Idaho, Wyoming, Nevada, Utah, and Colorado.

This year marks MMI's third consecutive appearance on the Inc. 5000 list, having debuted in the top 1500 last year. The company has maintained a 149% growth rate over the last two years.

"While our continued financial success is gratifying, we are more proud to have played a pivotal role in guiding our customers through the uncertainties of the recent mortgage market," said MMI Founder and CEO Ben Teerlink. "Our goal is to furnish each user - from major financial institutions to individual originators - with unparalleled data intelligence and insights that drive volume and enhance their operations. Being recognized on the Inc. 5000 Regionals: Rocky Mountain list for the third consecutive year is a tremendous honor for us and a testament to the hard work and dedication of the phenomenal team we've built at MMI. We're continually expanding our offerings and capabilities, and with our recent acquisition of Bonzo and deep expertise in transaction data, our users have more insight and power than ever."

The companies on the Inc. 5000 show a remarkable growth rate across all industries in the Rocky Mountain region. Between 2020 and 2022, these 72 private companies had an average growth rate of 122.44%. By 2023, they'd also added 3,838 jobs and $1.7 billion to the region's economy.

"The honorees in our Inc. 5000 network are the Who's Who of private companies. They're energizing regional economies as they engineer the future of their industries. Learn who they are and what they do - they'll be impacting things for a while," said Eric Hagerman, Special Projects Editor at Inc. Media.

Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Rocky Mountain economy's most dynamic segment-its independent small businesses. The complete results of the Inc. 5000 Regionals: Rocky Mountain, including company profiles, can be found at www.inc.com/RockyMountain.

About Inc. Media

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.

The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 350 enterprise customers, including 20 of the top 25 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Related link: https://mmi.io

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022