DepthPR
IDS Completes TRID 2.0 Updates to Mortgage Document Preparation Platform
SALT LAKE CITY, Utah — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed modifications to its flagship mortgage document preparation platform idsDoc related to TRID 2.0. Updates were also made to the LE/CD and Totals pages within idsDoc, as well as the 1003 and Construction Lending sections….
Cloudvirga Co-founder Kyle Kamrooz named ‘Innovator of the Year’ by Orange County Business Journal
IRVINE, Calif. — Cloudvirga(TM), a leading provider of digital mortgage software, today announced that company Co-founder Kyle Kamrooz has been named a 2018 “Innovator of the Year” by the Orange County Business Journal (OCBJ). Kamrooz was selected from a competitive field of over 70 nominees and honored at an awards luncheon at Hotel Irvine on September 20….
FormFree unveils NextGen at Digital Mortgage conference in Las Vegas
LAS VEGAS, Nev. — FormFree(R) today announced the release of NextGen, a new platform that builds on the company’s award-winning AccountChek(R) service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers’ ability to pay loans….
TRK Connection Upgrades Mortgage QC Loan Sampling Functionality within Insight RDM, Adds Predictive Loan Quality Analytics
SALT LAKE CITY, Utah — TRK Connection, a leading provider of mortgage quality control (QC) and origination management solutions, announced it has enhanced the loan sampling functionality and added predictive analytics to its Insight Risk & Defect Management (RDM) mortgage QC audit platform….
Cloudvirga announces live from the Digital Mortgage conference stage its Mobile POS product
LAS VEGAS, Nev. — Cloudvirga(TM), a leading provider of digital mortgage software, today announced its Cloudvirga Mobile POS, a mobile-first mortgage point-of-sale solution tuned to serve the needs of loan originators and homebuyers in a purchase mortgage market….
SafeChain to Integrate ALTA Registry into Its Real Estate Wire Fraud Prevention Platform SafeWire
COLUMBUS, Ohio — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it will integrate the national ALTA Registry into its real estate wire fraud prevention platform SafeWire. Through the integration, mortgage lenders will be able to search the Registry and verify the identity of title insurance agents and settlement companies, providing an enhanced level of efficiency and security to the real estate transaction….
SafeChain Honored as 2018 Seed Stage Company of the Year at VentureOhio Awards
COLUMBUS, Ohio — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it was named 2018 Seed Stage Company of the Year by VentureOhio….
On Q Financial Selects LBA Ware’s CompenSafe to Improve Accuracy and Efficiency of Mortgage Loan Originator Commission Calculations
MACON, Ga. — LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that Arizona-based On Q Financial has selected CompenSafe(TM) to manage the numerous compensation plans created for its team of loan originators (LOs) nationwide….
MQMR: Mortgage Industry Margin Compression Calls for Fixed-Cost Approach to Compliance Support
LOS ANGELES, Calif. — Mortgage Quality Management and Research, LLC (MQMR) President Michael Steer today advised lenders to adopt a fixed-cost approach to compliance support in the face of margin compression and declining per-loan profits. By investing in a fixed-cost solution for compliance, lenders can better manage their monthly expenses while ensuring they remain compliant, thus avoiding potential financial penalties associated with non-compliance….
MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights
SUGAR LAND, Texas — MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants. Portfolio characteristics include a 3.45 percent weighted average interest rate,…