Advertising and Marketing, Business, Free News Articles

FormFree Throws Its Support Behind California MBA’s Inaugural Mortgage Innovators Conference

ATLANTA, Ga. -- FormFree(R) today announced its support as a premier sponsor of the California Mortgage Bankers Association's inaugural Mortgage Innovators Conference, being held August 11-13, 2019 at the Sheraton San Diego Hotel & Marina. FormFree will demo its Passport(R) all-in-one verification service, and attendees will have two opportunities to hear from the company's visionary Founder and CEO, Brent Chandler.

Chandler will speak in the panel session "Strategic Digital Trends for Lending," taking place Tuesday, August 13, from 8:30-9 a.m. Designed to equip mortgage lenders with effective strategies for leveraging digital mortgage technology, the panel will also feature Blue Sage CEO Joe Langner, Tavant CEO Sarvesh Mahesh and Avenu CEO Dave Zitting.

Chandler will again take the stage at 1:45 p.m. Tuesday to deliver a "Tech Talk" addressing the latest innovations in consumer credentials and the future of digital lending.

"Brent and FormFree have a great perspective on digital trends in the mortgage industry, and we're excited to add his voice to our conference agenda," said Chuck Iverson, California MBA conference chair and board member. "As lenders map out their strategy in an increasingly digital marketplace, it is crucial to get expert input from leaders like Brent."

"We welcome this opportunity to support the California MBA and contribute to an industry dialogue that helps lenders select the right digital mortgage strategy for advancing their business goals today and in years to come," said Chandler.

The California MBA Mortgage Innovators Conference will feature three days of high-energy content from mortgage executives and technology experts on topics including borrower experience, machine learning and technology disruption. Attendees will have the opportunity to view cutting-edge products demonstrations and network with influential industry professionals. To learn more, visit http://www.mortgageinnovators.com/.

About California Mortgage Bankers Association

For over 60 years, The California Mortgage Bankers Association (California MBA) has been the leading statewide advocate for the residential and commercial real estate finance industry, representing its members before all government and regulatory agencies. Headquartered in Sacramento, California, The California MBA promotes fair and ethical lending practices through a wide range of educational programs, services and industry publications.

The California MBA provides its members a competitive edge by effectively aggregating political, economic and marketing power. Its membership of companies includes all elements of real estate finance-residential, commercial/multi-family, and industry service providers.

About FormFree(R)

FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over 1.25 million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(tm). A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/or follow FormFree on LinkedIn.

Twitter: @RealFormFree #MortgageInnovators19 #digitalmortgage @CAMortgBankers

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Business, Free News Articles, Product Launches, Software

OpenClose Launches DecisionAssist Mobile for Originators

SAN FRANCISCO, Calif. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company's proprietary web-based product and pricing engine (PPE).

Using DecisionAssist Mobile, originators are able to quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device. Retail originators, wholesale brokers and correspondent sellers can instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details. An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times and increased pull-through rates.

"As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator," said Gordon Frigaard, director of PPE technologies at OpenClose. "A common complaint we hear is that many mobile apps are difficult to work with and require too many data points to input. DecisionAssist Mobile, however, makes it quick and simple for salespeople to deliver borrowers detailed product and pricing answers while on the go."

OpenClose's DecisionAssist PPE is leveraged by direct lenders, investors and portfolio lenders. Of significance is that OpenClose is able to easily implement and maintain custom non-QM programs within DecisionAssist, instantly decision them, and provide immediate insight on salability of loans under agency or non-agency guidelines. The product can be used via OpenClose's LenderAssist(TM) LOS or as a standalone web-based solution. It also integrates seamlessly with DU(R) and LP(R) for full automated underwriting capability on agency products.

OpenClose employs a team of mortgage specialists who maintain an extensive library of up-to-date investor guidelines and pricing on a daily basis to ensure accurate decisioning results are returned. Custom non-agency programs are also fully configured and completely maintained by OpenClose for lending entities. In addition, custom rate creation can be automated for timely distribution to branches, originators, brokers and sellers.

OpenClose will be holding discussions regarding DecisionAssist Mobile, its LenderAssist multi-channel LOS, as well as the company's ancillary digital mortgage solutions on July 16 - 18 at the CMBA's 46th Annual Western Secondary Marketing Conference in San Francisco, California.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

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Awards and Honors, Business, Free News Articles

Two MQMR Employees Selected as MBA, California MBA Future Leaders

LOS ANGELES, Calif. -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that two employees from the MQMR family of companies have been selected to participate in executive leadership development programs sponsored by the national Mortgage Bankers Association (MBA) and the California Mortgage Bankers Association.

Erin Harris, manager of MQMR's vendor management division was selected to participate in the Future Leaders program offered by the MBA. The program is designed to deliver, "a comprehensive curriculum for selected managers who have shown leadership interests and abilities...and enhance [participants] skills through three hands-on sessions geared toward political activism; business analysis and problem solving; and experiential learning through collaboration, networking and peer group interaction."

Jason Alderton, servicing quality control (QC) manager for MQMR sister-firm Subsequent QC, LLC was selected for the California MBA Future Leaders program. Much like the MBA's program, the California MBA Future Leaders is also intended to "develop the next generation of qualified, responsible, and capable market leaders," over the course of two sessions. These sessions focus on identifying the behaviors that drive effective leadership to help participants develop a personal leadership development plan.

"MQMR's greatest asset is its employees, and the firm is deeply committed to their professional development, as well as the advancement of the mortgage industry at large," said Michael Steer, president of MQMR. "Erin and Jason are two of the best MQMR has to offer, and I look forward to observing the growth in their leadership skills as a result of participating the MBA and California MBA Future Leaders programs."

Harris and Alderton are the latest in a series of MQMR employees to be selected for the Future Leaders programs offered by the MBA and California MBA. MQMR Director Dayna Silver is a graduate of the MBA's Future Leaders program, and previous MQMR graduates of the California MBA's program include Steer, Co-Founder Ben Madick, Director of Servicing Oversight Nicholas Corpuz and Account Executive Alan Ridenour.

"As a Future Leaders graduate, I have encouraged my staff to avail themselves of these invaluable programs at every opportunity," Steer added. "Supporting our employees' participation in these programs not only aids their individual growth, but it also helps fuel the success of the mortgage industry at large by developing the next generation of leadership."

About Mortgage Quality Management and Research, LLC (MQMR):

MQMR bridges the gap between risk and compliance through its suite of risk-related services. Since its inception, MQMR has launched multiple products and services to assist lenders in navigating regulatory requirements, providing mortgage compliance consulting throughout the origination process, servicing QC and subservicing oversight to master servicers, and filling the void of meeting vendor management oversight requirements. With 2,000+ operational reviews of mortgage companies, subservicers, document custodians, and vendors annually, MQMR prides itself on being an industry leader in counterparty risk and compliance.

To learn more, visit http://www.mqmresearch.com/, http://subsequentqc.com/, and http://hqvendormanagement.com/.

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Business, Free News Articles, Regional Events

CMBA Invites Phil Laren of MCT to Speak on Panel Session at its Annual Loan Servicing and Newly Created Mortgage Technology Conference

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services Phil Laren is scheduled to speak on a must-attend panel session. The panel will be hosted by the California Mortgage Bankers Association (CMBA) at their annual Loan Servicing and Technology Conference in San Diego Calif. from Aug. 6 to 8 at the Westin hotel.

Location: Westin San Diego Gaslamp Quarter, California Ballroom C (2nd Floor).
Day: Mon., Aug. 6, 2017.
Time: 3:15 - 4:15 p.m. (PDT).

Speakers:
* Stephen Fleming, Phoenix Capital, Inc.
* Phil Laren, Mortgage Capital Trading, Inc. (MCT)
* Bob Dowell, Incenter Mortgage Advisors LLC

What: MSR Markets - Navigating the Waters
* What should be on your radar
* Strategies around retaining or selling

Topics that will be covered include:
* The current originator market color
* The current bulk market
* The co-issue market outlook
* Why build an MSR portfolio?
* Does subservicing matter?
* When should you sell bulk?
* Should you finance your MSR portfolio?
* Should you hedge your MSR portfolio?
* Are there hidden risks that lenders should know about?
* Are there hidden benefits?

About MCT Speaker Phil Laren:

Mr. Laren is as a service group leader on MCT's management team, focused on managing and expanding the company's MSR Services. MCT's mortgage servicing software, the Desktop Servicing Model, was created by industry veteran Phil Laren. Mr. Laren has 29 years of experience in capital markets, predominantly in servicing. He is experienced in all aspects of servicing, modeling, pricing, trading, negotiating, hedging, risk analysis, accounting analysis and operations. Mr. Laren is also very experienced in building teams and managing traders and analysts (mostly Ph.Ds and MBAs who speak more Math than English). Mr. Laren holds advanced degrees in statistics and econometrics.

About MCT:

Mortgage Capital Trading, Inc. (MCT) is a capital markets-focused risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, San Francisco and Charlotte.

MCT is a recognized leader in the industry and currently supports more than 150 clients on the HALO (Hedging And Loan sales Optimization) Program. The company also develops and supports MCTlive!(TM), an award-winning real-time, trading and best-execution secondary marketing platform. MCT's LockCentral(TM) is the industry's largest outsourced centralized lock desk service. In addition, MCT offers a suite of tools and supporting guidance for MSR needs. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About CMBA:

The California MBA serves to represent the residential and commercial real estate finance industry before all governing bodies. The California MBA encourages and promotes sound business practices and honesty in marketing, origination, lending and servicing of mortgage loans through our educational and networking opportunities. For more information, visit http://www.cmba.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

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Business, Free News Articles, Product Launches, Software

Mortgage Capital Trading Introduces Bulk Acquisition Manager Secondary Marketing Tape Transfer Technology

SAN FRANSISCO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced at the California Mortgage Bankers Association's (CMBA) annual Western Secondary Market Conference held in San Francisco, that it has released new secondary marketing technology to improve the industry's existing loan sale practices. Dubbed Bulk Acquisition Manager(TM) (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and MCT's team of mortgage loan traders.

The solution works by encrypting lender bid tapes so that they can be securely, seamlessly, and efficiently passed to investors for pricing and back into MCTlive!, the comprehensive capital markets software platform used by MCT staff and clients, where the tapes then reside in a centralized repository that can be easily organized and reviewed. The result is a much quicker pricing process for bulk bid tapes, greater data security, better communication between counterparties, process consistency for investors within their existing platform, and newfound efficiencies for MCT's traders.

Since correspondent whole loan investors often have unique bulk bidding processes, MCT has developed three different ways that investors can securely transmit bid tape files. Tapes can be uploaded via the browser-based user interface within MCTlive!, through SFTP (Secure File Transfer Protocol), or by way of a Restful API (Application Programming Interface) that enables MCT to integrate with various loan exchange platforms and homegrown investor systems.

To ensure data integrity, MCT accesses lender data via integrations that were developed with their loan origination systems (LOS), the core system of record for lending entities. Each of the transfer methods are data encrypted to ensure security at all times.

"MCT has been realizing significant year-over-year growth and in talking with our investor community, we represent roughly 30 to 40 percent of the typical aggregator's client base," said Phil Rasori, COO of MCT. "As a result, we saw a need to develop a technology solution that helps our traders work more easily with our lender clients and effortlessly exchange bulk bid tapes with investors. BAM helps MCT scale as we continue to grow and makes things easier on investors by centralizing the acquisition process for the bulk bid channel."

MCT will be attending the CMBA Western Secondary Market Conference where it will officially unveil BAM. Contact the company to arrange a discussion time at the show regarding this new technology or for more information about MCT's hedge advisory services and award-winning secondary marketing software.

About MCT:
Mortgage Capital Trading, Inc. (MCT) is a capital markets-focused risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, San Francisco, and Charlotte. MCT is a recognized leader in the industry and currently supports more than 150 clients on the HALO (Hedging And Loan sales Optimization) Program. The company also develops and supports MCTlive!(TM), an award-winning real-time, trading and best-execution secondary marketing platform. MCT's LockCentral(TM) is the industry's largest outsourced centralized lock desk service. In addition, MCT offers a suite of tools and supporting guidance for MSR needs.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

*LOGO for Media: Send2Press.com/mediaboom/17-0719s2p-mct-logo-300dpi.jpg

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