MortgageHippo Picks Matic for Integrated Homeowner’s Insurance That Helps Lenders and Consumers Save Money

SHERMAN OAKS, Calif. — Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, today announced the availability of its one-click “get quote” button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.

New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

IRVINE, Calif. — Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(r), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

Bank of Southern California, N.A. Announces Addition of Phillip Mulder and Billy Szeto to Its Commercial Real Estate and SBA Group

SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announces the addition of two tenured Business Development Officers to support the company’s continued expansion into the Southern California region.

ReverseVision Partners with DataVerify to Help HECM Lenders Improve Loan Quality, Reduce Repurchase Risk

SAN DIEGO, Calif. — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced the availability of DataVerify’s DRIVE verification platform within ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS). DRIVE helps lenders improve efficiency and reduce repurchase risk by monitoring changes to borrower identity, loan application, and property data throughout the origination process.

Simplifile Approved by Arkansas Secretary of State as E-Notary Vendor

PROVO, Utah — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has been approved by the Arkansas Secretary of State as an electronic notary (e-notary) service provider. As a result, Simplifile users in the 23 Arkansas recording jurisdictions in Simplifile’s e-recording network will now have the ability to electronically notarize documents, thus streamlining their processes and allowing them to keep as much of the real estate transaction electronic as possible.

Matic Challenges U.S. Mortgage Lenders, Insurers to Help Families Achieve Affordable Housing

SHERMAN OAKS, Calif. — Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, is calling on mortgage lenders, realtors and insurance providers nationwide to support Housed & Hopeful, a public / private partnership with non-profit Mortgage Professionals Providing Hope (MPPH) that aims to house America’s homeless families.

Will Victims of Irma Also Be Subject to Insurance Policy Renewal Surcharges?

BRADENTON, Fla. — Nearly 500,000 residential property owners across the State of Florida have already incurred substantial out-of-pocket expenses due Irma losses because of high hurricane claim deductibles, according to Consumer Insurance Trust LLC (Claim Forward). The standard hurricane deductible across most insurers is usually 2 percent of the dwelling value.

Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark

PROVO, Utah — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile’s e-recording platform.

Bank of Southern California N.A. announces new SBA and Commercial Real Estate Lending Group Led by Steve Pollett

SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years’ experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region.

Smaller Originators Will Follow Top Lenders’ Lead in Making Homeowner’s Insurance Part of the Digital Mortgage, Says Matic CEO

SHERMAN OAKS, Calif. — Integrating homeowner’s insurance into the mortgage origination process is a relatively new idea – and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner’s insurance to their origination workflows last year. Wider availability of cutting-edge digital capabilities like online bind will also make integrated homeowner’s insurance more attractive for lenders, Schiff says.