Advertising and Marketing, Business, Free News Articles

MMI appoints Jordan Woodard as Director of Product Analytics

SALT LAKE CITY, Utah -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, announced it has hired Jordan Woodard as director of product analytics. In this role, Woodard is responsible for maintaining and expanding MMI's business intelligence platform, which provides clients with data intelligence in a user-friendly format.

"Jordan's experience, skill set and analytical mind will help MMI offer more to our customers as our tool becomes more essential in a slowing market," said MMI founder and CEO Ben Teerlink. "His experience in turning massive amounts of data into insights that provide more than a basic analysis will be an asset to MMI and our clients."

Prior to beginning his tenure at MMI, Woodard served as director of revenue operations and solutions architect in the SaaS industry. In his role, Woodard focused on retooling and improving internal tech stacks to improve scalability and deliver reliable strategic reporting while identifying opportunities for growth in the public safety industry.

Woodard is not new to the mortgage industry, having spent time at Top of Mind in Solutions Delivery, providing clients with insights into their marketing return on investment (ROI) and how to improve their ROI through enhancing their sales materials. Woodard also designed some of the products released on Top of Mind's customer relationship management (CRM) platform, Surefire.

"I have a history of working from a user experience perspective, making things easier to access and use and taking complex data sources, conglomerating them into one area and providing actionable insights from the data set," Woodard said. "My goal in this position is to provide our customers with data they can slice and dice to help them understand trends, market potential and growth that result in actionable insights they can use in the marketplace."

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

Business, Free News Articles

FormFree supports Freddie Mac’s launch of innovative underwriting enhancement that uses cash flow analysis to help increase home financing access

ATHENS, Ga. -- FormFree® today announced that mortgage lenders will be able to use AccountChek® to help more lenders qualify more borrowers for home financing as a result of a recently announced Freddie Mac initiative that analyzes loan applicants' account transaction data as part of its automated underwriting system, Loan Product Advisor® (LPA℠). AccountChek users will be able to take advantage of LPA's enhancement when it goes live on November 6, 2022.

"By incorporating borrowers' cash flow assessments into its purchase eligibility assessment, Freddie Mac is helping lenders confidently provide a more inclusive path to homeownership within the communities they serve," said FormFree Founder and CEO Brent Chandler. "This additional assessment will also be beneficial to underserved communities and first-time homebuyers, who may have the financial means to support homeownership but have been unable to attain financing with existing automated risk tools."

When mortgage loan applicants authorize AccountChek to electronically fulfill verification of asset (VOA) reporting requirements, LPA assesses transaction data from checking, savings and investments accounts to identify positive monthly cash flow patterns. The cash flow assessment is only used to positively affect loan applicants' credit risk assessments; it does not negatively impact applicants' credit risk assessments. To help lenders increase access to home financing for more borrowers, LPA will notify lenders of loan files that do not have an electronic VOA report and could benefit from a cash flow assessment.

FormFree has long been a proponent of leveraging consumers' direct-source financial data to better assess their ability to repay loans. FormFree independently developed its Residual Income Knowledge Index(tm), known as RIKI(tm) (RIH-kee), which measures consumers' Ability-to-Pay (ATP®) for mortgages and other loans based on monthly income and spending. In July, Guild Mortgage introduced its Complete Rate lending program, which leverages RIKI to provide a more inclusive path to homeownership. In October, FormFree made RIKI available to lenders nationwide.

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $4 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

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

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

Awards and Honors, Business, Free News Articles

iEmergent’s Laird Nossuli recognized by Mortgage Banker Magazine as 2022 Powerful Women of Mortgage Banking honoree

DES MOINES, Iowa -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced that CEO Laird Nossuli was recognized as a 2022 Powerful Women of Mortgage Banking honoree by Mortgage Banker Magazine. The annual award spotlights women who have made an indelible impact on the mortgage industry and are fostering the next generation of women leaders in housing finance.

Nossuli was recognized for leading the development of iEmergent's software, Mortgage MarketSmart, which helps mortgage lenders grow market share by identifying home lending opportunities within the communities they serve. With technology that accurately models and forecasts demographic, economic and housing market trends down to the neighborhood level, Nossuli has created the only tool that helps lenders understand the home financing needs of underserved, minority and emerging markets.

Nosulli's passion for housing equity, her ability to pinpoint opportunities to serve minority communities and her extensive collaboration with housing affordability workgroups have made her one of the industry's most sought-after speakers on serving diverse markets. Nossuli currently sits on two committees for CONVERGENCE Columbus, a cross-sector partnership led by the Mortgage Bankers Association (MBA) that is focused on increasing minority homeownership in Columbus, Ohio. She also partners with the MBA on CONVERGENCE initiatives in other cities.

"As a female CEO of a company founded on the principles of diversity, equity and inclusion, I get the opportunity to lead by example and, hopefully, empower more women to join the mortgage and fintech industries," Nossuli said. "I'm truly honored to be named as one of the 2022 Powerful Women of Banking and hope to continue the work of fostering a more inclusive industry that extends more wealth-building opportunities to minority borrowers."

The full list of 2022 Powerful Women of Mortgage Banking honorees can be viewed online in the October 2022 issue of Mortgage Banker Magazine.

About iEmergent:

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

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

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

Business, Free News Articles, Reports and Studies

Sales Boomerang releases Q3 2022 Mortgage Market Opportunities Report

OWINGS MILLS, Md. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, and Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, today announced the release of Sales Boomerang's latest Mortgage Market Opportunities Report. Despite significant year-over-year declines in mortgage volume, the Q3 2022 report showed an increase in Credit Improvement Alerts, signaling the opportunity for lenders to offer timely advice and tailored financial solutions to prospects with newly improved credit scores.

Methodology

The Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today's borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 150 residential mortgage lenders, a subset of its clients, that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated and compared the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the second and third quarters of 2022.

Key Findings*

Sales Boomerang's loan-opportunity alerts identify the contacts inside a lender's database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q3 2022 was as follows:

* Mortgage Inquiry Alert: 2.84% of monitored contacts (down 12.21% from Q2)

A customer or prospect has shopped with a competitor in the last 24 hours.

* EPO Alert: 2.05% of monitored contacts (down 11.38% from Q2)

A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.

* Credit Improvement Alert: 5.47% of monitored contacts (up 33.41% from Q2)

A customer or prospect has improved their FICO score.

* New Listing Alert: 1.12% of monitored contacts (down 22.04% from Q2)

A customer or prospect has listed their home for sale.

* Equity Alert: 4.68% of monitored contacts (down 40.98% from Q2)

A customer or prospect's home equity has increased.

* Rate Alert: 0.49% of monitored contacts (down 80.94% from Q2)

The interest rate of a customer or prospect's existing mortgage is significantly higher than current prevailing rates.

Sales Boomerang's prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether the consumer is credit-qualified to apply for financing. This additional layer of intelligence makes prescriptive-scenario alerts among the highest-converting available to mortgage lenders today. The frequency of each alert during Q3 2022 was as follows:

* Cash-Out Alert: 2.60% of monitored contacts (down 62.18% from Q2)

A borrower is credit qualified and has built sufficient equity to tap into the cash in their home.

* Rate-and-Term Alert: 1.23% of monitored contacts (down 51.37% from Q2)

A borrower is credit qualified and can benefit from the current interest rates for a refinance.

* FHA MI Removal Alert: 10.39% of monitored contacts (up 31.07% from Q2)

An FHA borrower has exceeded 20% equity and can remove mortgage insurance (MI).

For a subset of lenders that maintain servicing portfolios, the frequency of risk-and-retention alerts was as follows:

* Risk & Retention Alert: 30.28% of monitored contacts (up 40.45% from Q2)

A customer is engaging in one or more of 15 credit activities that may put their serviced loan at risk

Analysis*

* Mortgage Inquiry, EPO and New Listing alerts all decreased in Q3 as consumers stopped actively looking for new mortgage products. As interest rates rise and homebuyer sentiment approaches an all-time low, lenders will need to create their own opportunities for outreach rather than waiting for borrowers to reach out themselves. For example, lenders may find success capturing purchase opportunities by leveraging a seller buy-down strategy to combat high interest rates that might prevent buyers from committing to a purchase.

* Credit Improvement alerts increased for the third consecutive quarter. As lenders reconnect with turndowns whose credit scores have improved, they'll need to get creative in serving consumers' home finance needs. Recent data backs up the claim that borrowers can benefit from an adjustable-rate mortgage (ARM), so lenders should be prepared to educate borrowers on the pros and cons of these products.

* Risk & Retention alerts were up more than 40% in Q3 as consumers took on unprecedented personal debt, spending in other areas as the housing market continues to cool. According to the Federal Reserve, revolving credit card debt increased by 18.1% in August and total consumer debt surged to a record $4.68 trillion. Lenders can offer relief while protecting their servicing portfolios by presenting refinance options designed to help borrowers pay off high-interest debts and improve monthly cash flow.

"To find success in today's market, lenders not only must be proactive in their borrower outreach, they also must level up the creativity of the financial strategies they bring to the table. It's a tall order, but not an impossible one - and we're here to help," said Sales Boomerang and Mortgage Coach Chief Visionary Officer Alex Kutsishin. "With Sales Boomerang's borrower intelligence, lenders can spot opportunities a mile away. And by leveraging the power of the Mortgage Coach Total Cost Analysis, lenders can bring even the most nuanced financial scenarios to life in a way that inspires borrower understanding and trust."

*Key findings and analysis provided for informational purposes only. The data represented in the Mortgage Market Opportunities report is historical. Past performance is not a reliable indicator of future results. Sales Boomerang accepts no responsibility or liability for readers' use of the key findings or analysis included in this report.

About Sales Boomerang and Mortgage Coach:

Sales Boomerang and Mortgage Coach are trusted by more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks, to connect borrowers with the right loan at the right time.

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. Intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang helps lenders build lasting borrower relationships that maximize lifetime customer value. To learn more, visit https://www.salesboomerang.com.

Mortgage Coach is an award-winning platform that empowers mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time. Side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower pull-through, repeat business and referrals. To learn more, visit https://www.mortgagecoach.com.

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

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

Awards and Honors, Business, Free News Articles

NotaryCam’s Rick Triola earns third HousingWire Vanguard Award

NEWPORT BEACH, Calif. -- NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization and identity verification/authentication technology for real estate and legal transactions, announced today that its founder and outgoing Division President Rick Triola has been named a 2022 HousingWire Vanguard.

This is the eighth year HousingWire has recognized housing industry executives for their outstanding leadership and the third time Triola has received this award, having done so in 2018 and 2020. According to HousingWire, Triola was recognized this year for his efforts in expanding how the mortgage industry can use remote online notarization (RON), advancing RON technology and creating a better experience for both document signers and notaries.

"Over the years, NotaryCam has strived to put the customer first and provide the best possible experience for all parties participating in a RON transaction. Through this mindset, our team has not only succeeded in providing industry-leading customer service but also continuing to advance RON technology and capabilities," said Triola. "It's always an honor to be recognized for NotaryCam's successes, but I cannot let the moment pass without also recognizing the team that has helped to make all this possible."

As the founder and division president, Triola has been the driving force behind NotaryCam and its stellar reputation. Those efforts are evident in every successful transaction, product update and the company's industry-leading 99.8 percent customer satisfaction rating and the highest Net promotor score (NPS) amongst the best global tech brands. NotaryCam surpassed a major milestone this year, performing the one millionth RON transaction in company history. The company also recently announced an update to its eClose360® platform, expanding its capabilities and delivering a better user experience for all parties.

HousingWire's 2022 Vanguards have led their respective organizations towards greatness while tackling challenges the housing economy has faced over the past 12 months. These 100 honorees were carefully selected by HousingWire's selection committee, chosen for their vital contributions to their companies and the dynamic way they are changing the industry.

"The 2022 Vanguards honorees represent the housing economy's elite leaders who have made an unmistakable impact on the industry at-large and continue to drive growth and inspire their organizations," said HW Media Editor in Chief Sarah Wheeler. "With these leaders at the helm, companies will be able to weather the current market to fight another day."

For the full list of 2022 HousingWire Vanguards, visit https://www.housingwire.com.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches more than 70,000 newsletter subscribers daily and 1 million unique visitors each month and has more than 5,000 members and event attendees. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

About NotaryCam, a Stewart Company:

NotaryCam, a Stewart-owned company, is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for more than a million customers in all 50 states and more than 146 countries. The company's eClose360® platform delivers the "perfect" online mortgage closing in every jurisdiction and supports all eClosing scenarios - RON, IPEN or Hybrids - with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. In addition to real estate transactions, NotaryCam provides RON services to many Fortune 500 companies as well as small and midsize businesses and includes the execution of employment-related documents, legal docs (e.g., power of attorneys) and Apostilles. The company also proudly maintains an industry-leading 99.8 percent customer satisfaction rating and the highest Net Promoter Score (NPS) amongst the best global tech brands.

Visit https://www.notarycam.com/ for additional information or to get a document notarized today.

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

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

Business, Free News Articles, Reports and Studies

Down Payment Resource releases Q3 2022 Homeownership Program Index

ATLANTA, Ga. -- Down Payment Resource (DPR), a technology provider helping the housing industry connect homebuyers with homebuyer assistance programs, today announced findings from its latest Homeownership Program Index (HPI). The firm's analysis of 2,309 homebuyer assistance programs in its DOWN PAYMENT RESOURCE® database revealed that the net number of homebuyer assistance programs increased by 1.6% from Q2 to Q3 2022.

This marks the fourth consecutive quarter of growth in homebuyer assistance programs. Increased program availability and funding are especially timely given recent research from Redfin indicating that the median U.S. down payment on a home grew from $32,917 in July 2019 to $62,500 in July 2022.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,200 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database. Homebuyer assistance programs that waive the first-time homebuyer requirement for veterans and military personnel are tracked as two separate programs to enable reporting on dedicated assistance for military buyers.

Key Findings

The Q3 2022 HPI examined a total of 2,309 homebuyer assistance programs that were active as of October 3, 2022. Key findings are as follows:

* The net number of homebuyer assistance programs continues to grow. The number of programs increased by 36 in Q3 2022, including 16 new statewide programs, seven new municipal programs and several new programs administered by employers or nonprofits. These programs provide assistance in the form of affordable first mortgages, community second mortgages and combined down payment and closing cost support, among other types of homebuyer assistance.

* More programs are receiving funding. More than four out of five (83.9%) programs are currently funded, and the number of actively funded programs grew by 34 in Q3 2022, a 2% increase over the previous quarter.

* Programs offering incentives for educators increased. The number of programs offering unique benefits for educators grew by 16.4% over the past quarter. The 10 new programs added this quarter brings the total number of homebuyer assistance programs for educators to 71 nationwide.

"Home price appreciation and low housing inventory have caused the median down payment to nearly double from this time two years ago," said DPR CEO Rob Chrane. "At the same time, rising interest rates are driving up monthly mortgage payments, making homeownership even more difficult to achieve. Consumers, lenders and real estate agents need to know about the large and growing number of homebuyer assistance programs available nationwide that can make a real difference."

Further analysis of the Q3 2022 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/homebuyer-assistance-programs-proliferate-in-q3-as-median-u-s-down-payment-skyrockets/.

For a complete, state-by-state list of homebuyer assistance programs, visit https://downpaymentresource.com/wp-content/uploads/2022/10/HPI-state-by-state-data.Q32022.pdf.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. The company tracks funding status, eligibility rules, benefits and more for approximately 2,200 programs in 11 categories. DPR has been recognized by Inman News as "Most Innovative New Technology" and the HousingWire Tech100(tm). DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. DPR's subscription-based service, Down Payment Connect, helps agents and loan officers match buyers to available programs.

For more information, please visit https://downpaymentresource.com/ and on Twitter at @DwnPmtResource.

Twitter: @DwnPmtResource #downpaymentassistance

RELATED LINKS:

https://www.redfin.com/news/homebuyer-down-payments-doubled-during-pandemic/

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

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

Business, Free News Articles, Software

FormFree’s AccountChek can now be used by mortgage lenders to satisfy Freddie Mac’s assessment of income requirement for loan applicants paid through ADP

ATHENS, Ga. -- FormFree® today announced that mortgage lenders can now use AccountChek® to automate income assessment using Freddie Mac Loan Product Advisor® (LPA℠) asset and income modeler (AIM) for borrowers who are paid through ADP.

AIM automates the assessment of borrower income using direct-source employer and payroll service data furnished by a Freddie Mac designated third-party service providers like FormFree. ADP is the first payroll provider eligible for automated verification of income (VOI) through AIM. AccountChek supports this expansion by enabling borrowers to authorize electronic verification of their ADP payroll data.

FormFree is a leading provider of consumer-permissioned verification of asset (VOA) and verification of income and employment (VOI/E) data to the mortgage industry. The company's flagship verification service, AccountChek, enables consumers to verify income and employment with more than 50 payroll providers and 100,000 employers. The company's extensive payroll partnerships enable AccountChek to furnish payroll data and W-2s that meet Freddie Mac selling requirements.

"FormFree applauds Freddie Mac for its continuous innovation that helps lenders execute a simpler, more efficient loan origination process," said FormFree Founder and CEO Brent Chandler. "Giving lenders the ability to automatically assess income dispersed by the world's largest payroll provider will extend the convenience of digital VOI to an expansive cohort of homebuyers. We look forward to supporting Freddie Mac as it adds more payroll providers to AIM."

"Automation of a mortgage applicant's income using payroll provider data has numerous benefits for our clients and their customers - it's really a win all around," said Kevin Kauffman, Single-Family Vice President of Client & Partner Delivery at Freddie Mac. "Our partnership with FormFree is helping our clients reduce costs through process efficiencies, which can lead to savings for their customers, and it also delivers better risk management in all economic cycles."

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience.

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

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

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

Business, Free News Articles, Webinars

iEmergent’s Special Purpose Credit Programs (SPCP) workshop will prepare mortgage bankers to launch their own diverse lending initiatives

DES MOINES, Iowa -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, will host a virtual workshop on Special Purpose Credit Programs (SPCPs) on Wednesday, November 9, from 12 p.m. to 2 p.m. ET. Through roundtable discussion and a hands-on practicum, "Tapping the Potential of SPCPs: A Hands-on Workshop for Mortgage Lenders" will give attendees the skills and confidence necessary to develop and launch successful SPCPs while earning points toward their Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association (MBA).

SPCPs are lending programs designed to give preferential lending terms to groups of people, like people of color and women, who would otherwise receive less favorable terms or altogether be excluded from access to credit.

Hosted by iEmergent, the November 9 event will feature input from a diverse array of subject-matter experts, including:

* Mosi Gatling, Sales Manager, loanDepot
* Jason Fraley, SVP & Community Lending Director, Huntington Bank
* Evan Zuverink, CRA Officer, First Commonwealth Bank
* Lindsay Cannaday, Vice President/Business Development Director, GreenState Credit Union
* Gabe del Rio, President & CEO, Homeownership Council of America
* Olivia Kelman, Partner, K&L Gates
* Rob Chrane, Founder & CEO, Down Payment Resource
* Laird Nossuli, CEO, iEmergent

Panelists will provide a comprehensive look into SPCPs - what they are, how lenders can deploy them to help close the racial homeownership gap and tactics for successful SPCP planning, implementation and measurement - using real examples from successful SPCP programs. The workshop will end with a Q&A session, giving attendees the opportunity to request personalized advice for building and optimizing their own SPCP initiatives.

"The government-sponsored enterprises have made addressing the longstanding racial homeownership gap a top priority, and SPCPs give lenders a unique opportunity to engage in the enterprises' equitable housing initiatives," said Nossuli. "By uncovering how to leverage SPCPs to expand credit opportunities among those impacted by discrimination, our virtual workshop will help lenders maintain purchase volume and level the playing field for underserved, would-be borrowers."

To register for iEmergent's virtual SPCP workshop on November 9 from 12 PM to 2 PM ET, visit: https://www.iemergent.com/spcp-workshop.

About iEmergent:

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

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

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

Alliances and Partnerships, Business, Free News Articles, Software

Celink taps Gravicore to transform operational agility while reducing fulfillment times and tech infrastructure costs

GREENWOOD VILLAGE, Colo. -- Gravicore, a technology company specializing in the deployment of cutting-edge cloud computing and data management solutions for financial services firms, today released a case study detailing its successful build-out and delivery of a cloud-based technology infrastructure for reverse mortgage subservicer Celink. An Amazon Web Services (AWS) Select Partner, Gravicore's work on behalf of Celink delivered measurable cost savings and improvements to staff productivity, operational resilience, organizational controls and business agility.

Integrating dozens of AWS and third-party services, Gravicore rearchitected Celink's technology platform to accelerate and enhance the subservicer's decision-making capabilities and modernized various technology-enabled workloads across Celink's many business functions, from enabling Line of Credit (LOC) withdrawals to be made through its self-service Borrower Portal to engineering a streamlined Investor Reporting system. Gravicore's contributions have enabled Celink to save hundreds of man-hours each month, increase software deployment frequency tenfold and eliminate expenses related to server over-provisioning and late LOC disbursement penalties. Notably, by automating workflows through a LOC Processing Module, Gravicore helped Celink realize a 40% reduction in LOC processing times.

"We chose Gravicore because of the team's strong knowledge of AWS, its opinionated framework for building cloud presence and the impressive set of tools it has developed," said Celink Chief Information Officer Sergey Dyakin. "Gravicore's fluency in both technology and financial services was a key accelerator of our technology transformation and an unquestionable contributor to its success."

"Financial services firms can achieve a wide array of operational benefits by modernizing data management and data-driven processes with a cloud-first strategy," said Gravicore Co-Founder and CEO Curtis Over. "At Gravicore, we take pride in empowering companies like Celink to become leaner and more agile through cutting-edge technology solutions and deep domain expertise."

Download the full case study for more information about Gravicore's partnership with Celink: https://gravicore.io/celink-case-study-landing-page/

About Gravicore:

Gravicore helps customers accelerate innovation by leveraging the cloud and modern data management services. The leadership team at Gravicore brings years of experience in technology-driven process transformations, including over a decade deploying cloud computing platforms and cutting-edge data management, analytics and reporting solutions. With deep domain expertise in mortgage, capital markets and fintech leadership, financial institutions and service providers rely on Gravicore to design and implement effective solutions while eliminating execution risk. Learn more at https://gravicore.io/.

About Celink:

Celink is the United States' leading subservicer of reverse mortgages. With a portfolio of over two hundred thousand loans, Celink is the subservicer of choice for the nation's largest reverse mortgage lenders. Celink's fully scalable servicing platform, ReverseServ Elite, supports proprietary reverse mortgage products and the government-insured Home Equity Conversion Mortgage (HECM). Reverse mortgages are home-equity products that help older homeowners stay in their homes and enjoy fulfilling retirements. Celink maintains an SQ2 rating as a primary servicer of reverse mortgage loans from Moody's. Learn more at: https://www.celink.com/.

Related link: https://gravicore.io/

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

Alliances and Partnerships, Business, Free News Articles, Software

Mortgage Coach integrates with Insellerate to help lenders increase lead conversion with wealth-building mortgage advice

OWINGS MILLS, Md. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, and Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, today announced that the Mortgage Coach platform will be integrated with Insellerate, a leading customer experience platform. The integration streamlines the sales process by enabling loan officers (LOs) to generate and customize Total Cost Analysis (TCA) loan presentations prefilled with contact data directly from the Insellerate customer relationship management (CRM) and lead management dashboard.

Insellerate is a modern CRM platform that optimizes mortgage sales and marketing performance with lead management and sales enablement tools, automated multi-channel marketing campaigns and sales insights. Mortgage Coach helps lenders earn homebuyers' business with educational presentations that compare mortgage strategies over time.

Integrated, the technologies equip LOs with the capabilities they need to efficiently contact leads and provide meaningful mortgage advice that earns their trust and loan commitment faster. Working through Insellerate's CRM or its lead management dashboard, which intelligently prioritizes and distributes leads, users can generate TCAs that have been prefilled with contact data and click a button to instantly connect with leads. Equipped with Mortgage Coach borrower intelligence and TCA presentations, LOs can create custom loan comparisons based on borrowers' unique financial and homeownership goals, enabling them to convert more leads to loans without ever leaving the Insellerate platform.

"Our partnership with Insellerate makes it easy and efficient for lenders to meaningfully connect with homebuyers by providing timely, relevant mortgage advice," said Sales Boomerang and Mortgage Coach Chief Lending Officer Joe Puthur. "This integration is able to benefit every managed contact automatically, which is especially powerful for both retail LOs in a market where they must proactively pursue borrower relationships and for consumer direct LOs who cultivate a large volume of relationships over the phone. Insellerate identifies the best lead opportunities and Mortgage Coach illustrates the impact of all loan scenarios, together helping lenders find and fund every loan opportunity."

"Partnering with Mortgage Coach will help our clients accelerate the sales and marketing process by providing LOs the technology they need to connect with and deliver value to home buyers," said Insellerate CEO Josh Friend. "We're proud to provide LOs this new benefit within our platform so lenders can ensure every lead receives personalized mortgage advice, without ever leaving the Insellerate platform."

About Sales Boomerang and Mortgage Coach:

Sales Boomerang and Mortgage Coach are trusted by more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks to connect borrowers with the right loan at the right time.

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang helps lenders build lasting borrower relationships that maximize lifetime customer value. To learn more, visit https://www.salesboomerang.com.

Mortgage Coach is an award-winning platform that empowers mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time. The company's side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower pull-through, repeat business and referrals. To learn more, visit https://www.mortgagecoach.com.

About Insellerate:

Insellerate helps loan officers close more loans with our award-winning modern CRM, Lead Management, and Engagement platform, which handles all your lending channels, retail, wholesale, TPO, Consumer Direct, and Reverse. Our advanced APIs allow seamless connectivity to your tech stack, and our native mobile application will enable loan officers to work on their files from anywhere. Powered with AgentConnect, we empower loan officers to engage more effectively with real estate agents and borrowers, resulting in higher lead conversion rates, lower origination costs, and more closed loans. For more information, visit https://insellerate.com/ or contact us at 855-973-1646.

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

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