Business, Free News Articles, Software

Altavera Founder Brian Simons joins Maxwell executive team

DENVER, Colo. -- Digital mortgage leader Maxwell has announced Altavera Mortgage Services founder and former CEO Brian Simons has joined the company as president.

Simons comes to Maxwell with 23 years of experience in the mortgage industry, including capital markets, loan origination and default management. His deep understanding of the mortgage market further heightens Maxwell's capacity to build mortgage software that is tailored to meet the technology needs of its hundreds of small and midsize lender customers.

"We're thrilled to have Brian join the Maxwell team," said John Paasonen, co-founder and CEO of Maxwell. "Brian brings deep expertise in the mortgage industry and experience in organizational development acquired over an impressive career. He will be a huge asset as we enter our next phase of growth and extend our mission to empower lenders to make mortgages simpler and more accessible."

Prior to Maxwell, Brian was the CEO of Credit Risk Solutions at Computershare, which acquired Altavera Mortgage Services, a Denver-based company providing third-party origination, quality control and due diligence services to the mortgage community. Prior to Computershare, Simons founded and built Altavera to be a national service provider that catered to each client's unique outsourcing needs while fostering an environment of diversity and opportunity. Brian's career in the mortgage industry began on Wall Street with Credit Suisse and JPMorgan before becoming a founding executive of Urban Lending Solutions.

"I've spent the last ten years leading operational efficiency in mortgage originations, and it's become clear to me that technology is the key to that efficiency," said Brian Simons. "So many technology providers aim to eliminate humans, but there's nothing more personal than helping someone finance their American Dream. The Maxwell team shares my belief that the crucial benefit of mortgage technology lies in its ability to empower employees to deliver an unparalleled borrower experience. I'm excited to join Maxwell and pursue our common goal to elevate the human relationships at the heart of the mortgage transaction."

Recently named a winner of HW's Tech 100 for the fourth straight year, Maxwell's digital mortgage platform leverages proprietary algorithms built on its network of data across hundreds of thousands of loans to enable lenders to accelerate the mortgage lending process from application to underwriting. This allows lending teams to focus on the human relationship at the center of the mortgage journey. Today, hundreds of lenders across the United States use Maxwell's point-of-sale to originate $5 billion in mortgage loans each month at a cycle time 45 percent faster than the national average.

ABOUT MAXWELL

Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders, community banks and credit unions nationwide to serve their homebuyers and real estate agent partners every day. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and a preferred partner of The Mortgage Collaborative. The company is proud to be built in Denver, Colorado.

Connect with Maxwell:
- https://himaxwell.com/
- https://www.facebook.com/maxwellHQ
- https://twitter.com/ilovemaxwell

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Business, Free News Articles, Software

SimpleNexus Appoints Decorated SaaS Sales Executive Cathleen Schreiner Gates to Board of Directors

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the election of senior sales executive Cathleen Schreiner Gates to its board of directors.

Schreiner Gates has been driving accelerated growth at early stage and global software-as-a-service (SaaS) organizations for 35 years. From 2015 to 2019, she served as EVP of sales and marketing at cloud-based mortgage finance technology provider Ellie Mae (NYSE: ELLI). During her tenure, Ellie Mae spent six consecutive years on the Deloitte Technology Fast 500 and negotiated a $3.7-billion purchase by private-equity firm Thoma Bravo. Schreiner Gates is CEO of independent consulting firm Trifecta, which she founded in 2009.

"Cathleen's experience helping innovative companies establish leadership positions in their markets makes her an indispensable addition to SimpleNexus' board of directors," said SimpleNexus President and COO Ben Miller. "She brings with her a trove of invaluable operational insights that will play an important role in SimpleNexus' ability to deliver increased value to our partners."

"SimpleNexus has established itself as a forward-thinking digital mortgage firm whose innovations are catapulting technology advancements across the mortgage industry," said Schreiner Gates. "I look forward to helping the success of a company that is changing the future of lending."

Schreiner Gates' accomplishments in the mortgage industry have been recognized by HousingWire magazine, which honored her with its Vanguard and Women of Influence awards, and by Mortgage Professional America, which named her an Elite Woman in Mortgage. She has also been recognized by the Sales Lead Management Association as one of '20 Women Leaders in Business.' Schreiner Gates holds a master's degree in business administration with a concentration in finance and computer technology from Rutgers University.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

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*Photo caption: Cathleen Schreiner Gates.

Twitter: @SimpleNexus #digitalmortgage #peoplemovers #boardappointments

Related link: https://simplenexus.com/

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Business, Free News Articles

ReverseVision Names Mortgage Technology Veteran Joe Langner President

SAN DIEGO, Calif. -- ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced the appointment of Joe Langner as president. Langner will lead the company to achieve its strategic vision of establishing HECM and private reverse mortgages as lending portfolio staples alongside traditional and government loans.

Langner has nearly 30 years' executive experience driving growth at marquis mortgage technology and software companies. A former executive vice president and chief sales officer at Ellie Mae, Langner executed the firm's initial public offering in 2011 and considerably grew its market share during his tenure. Most recently, Langner served as chief executive officer at Blue Sage, a cloud-based, digital lending platform for retail, wholesale and correspondent lenders.

His other notable positions include president at PCLender, a digital mortgage technology provider and Fiserv affiliate; executive vice president and general manager at Sage, the global market leader in operations management technology for small and medium businesses; and senior vice president at Dun and Bradstreet, a leading global provider of business decisioning data and analytics.

In October 2019, ReverseVision announced its transformation as an API-enabled, flexible reverse mortgage lending platform in conjunction with substantial product upgrades, including its transition to cloud computing architecture; the introduction of a loan import API enabling third party systems to prepopulate a reverse mortgage file within ReverseVision Exchange (RVX); and streamlined product selection menus.

"Joe's proven ability to satisfy industry and customer needs make him the right person to lead ReverseVision as it transforms reverse mortgage lending," said ReverseVision Chief Executive Officer John Button. "He is the best person in the industry to execute our strategic vision of bringing reverse mortgage lending into operational coexistence in the broader mortgage market using our cloud-based, API-enabled lending technology platform."

"Today, HECMs and private reverse mortgage programs are vastly underutilized despite market need because, until recently, there has not been an operationally pragmatic way for lenders to integrate reverse products alongside their forward offerings," said Langner. "I've joined ReverseVision because their innovative vision to integrate reverse products into the mortgage ecosystem is exactly what borrowers and lenders need."

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A six-time HousingWire TECH100™ company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements.

For more information, visit https://www.reversevision.com/.

Twitter: @reversevision #digitalmortgage #HECM

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Business, Free News Articles, Software

LendUS delivers on promise of smart advice, an easy process and super speed with SimpleNexus digital mortgage platform

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, announced that 90% of loan officers at LendUS now use SimpleNexus to collaborate on loan applications with borrowers and referral partners. LendUS is one of the nation's top 25 lenders, producing north of $5B annually in loan volume.

According to LendUS EVP of Client Services Erin Hamilton, SimpleNexus' ability to bring all loan parties together in one app was a major factor in its successful rollout across nearly 800 employees at 91 branches.

"It's confusing for borrowers to have to juggle multiple logins and visit multiple websites to apply for a loan, upload documents and sign disclosures," Hamilton said. "SimpleNexus corrals the whole process in a single system, helping us deliver on our promise of providing customers with smart advice, an easy process and super speed."

SimpleNexus' disclosure toolset enables borrowers and loan officers to securely review and eSign documents inside the SimpleNexus app, with no additional login and without disruption to the lender's existing disclosure desk processes.

The LendUS team has also benefited from SimpleNexus' ability to create opportunities for loan officers to forge and maintain partner relationships.

"Our loan advisors appreciate the additional communication that SimpleNexus provides to their Realtor partners," explained Hamilton, adding that SimpleNexus' speedy, mobile-driven application process and real-time status updates have helped LendUS become the lender of choice for real estate agents that previously worked with competitors.

"Loan milestone updates keep referral partners in the loop throughout the entire loan process, enabling the referral partner and loan originator to guide the borrower as a team," said SimpleNexus CEO Matt Hansen. "At the same time, the app is so easy-to-use and self-contained that borrowers can feel confident uploading documents and even signing disclosures with little or no handholding."

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go. Learn more: https://simplenexus.com/

About LendUS:

Based in Alamo, California, LendUS®, LLC is one of the country's top family-owned and operated private mortgage lenders. LendUS® is the culmination of the uniting of American Eagle Mortgage and RPM Mortgage, two well-established companies with like-minded industry veterans. This unification allows LendUS® to combine the ultra-attentive service of a small firm with the competitive rates and broad product selection of a nationwide lender.

With a focus on providing customers with smart advice and an easy process with super speed, LendUS® currently serves 41 states with an eye on growth. For more information, please visit https://www.lend.us, call 925-295-9300, follow @LendUSLLC on Facebook or follow @lend.us on Instagram.

Twitter: @SimpleNexus #digitalmortgage @LendUSLLC

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Business, Free News Articles, Real Estate

Silk Title Co. Focuses on Digital Mortgage Closing Experience, Triples Client Base, Achieves Single-Month Record in 2019

PROVIDENCE, R.I. -- Silk Title Co., the leading provider of digitally-driven mortgage closing services, announced it achieved record growth in 2019, enabling the firm to deliver on its "service at scale" promise to its institutional bank and independent mortgage lender clients nationwide.

Throughout the year, Silk Title Co. tripled its client base and maintained a zero percent client attrition rate, enabling it to achieve several successive record months. The firm experienced a 582% increase in revenue over 2018, requiring the addition of just 13 employees to its staff due to its strategic infrastructure investments.

"'Service at Scale' is a motto we take seriously, and to that end we have invested considerable resources in developing a business model that maximizes our people, processes and technology to deliver virtually flawless title, settlement and closing services significantly faster and cheaper than the competition," said Silk Title Co. President and CEO Marc Trachtenberg. "Our organization is fully committed to executing mortgage closings as digitally as possible, and our like-minded mortgage lending clients have reaped the benefits of this commitment through reduced costs, faster closing times and an overall better experience for their borrowers and real estate agent partners."

"Our industry assumes that technology is a panacea to the operational problems in loan manufacturing and closing. At Silk Title we've observed that injecting innovative technology into a fundamentally broken process is far from the cure-all everyone assumes," Trachtenberg explained. "That's why we crafted our proprietary process first and then built out our customized technology environment to support it. As a result, we've cultivated a tech-driven, process-oriented client base that recognizes the value of a centralized operating environment and is committed to collaborating with Silk to deliver a seamless closing experience to their borrowers."

About Silk Title Company

Silk Title Co. provides title insurance, search and settlement services across the nation to the top institutional banks and independent mortgage lenders. Additionally, the firm also provides services for foreclosure, default, REO, and traditional real estate transactions. Leveraging a proprietary blend of people, process and technology, Silk Title Co. is able to deliver digital mortgage closing services at scale, resulting in some of the fastest turn times in the industry while delighting homebuyers, real estate agents and lenders alike.

To learn more, visit https://silktitleco.com.

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Business, Free News Articles

FormFree Founder Brent Chandler Commends CFPB Proposal to Eliminate DTI, Citing Ability to Pay as a ‘Best Consumer Borrowing Risk Indicator’

ATHENS, Ga. -- FormFree(R) Founder and CEO Brent Chandler today responded to this week's news that Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger indicated the bureau's decision to propose amending the Ability to Repay/Qualified Mortgage Rule so as to "move away" from debt-to-income (DTI) calculations as a mortgage underwriting factor:

First, I commend the CFPB for their courage to engage in thoughtful discussion of alternative methods for assessing a borrower's ability to afford a loan and calculating what is affordable for them specifically.

DTI is an archaic evaluation that has outlived its usefulness for consumers, and particularly mortgage-seeking consumers. DTI has left tens of millions of consumers in the cold because they do not meet this threshold, when in fact, based on their actual cash flows, they could afford a loan and possibly even be a superior borrower to someone who does meet it.

With the advent of and 10 years' success using digital data to dependably deliver voluntary 'source truth' on users' personal solvency or money management lifestyle, we can calculate ability to pay definitively based on residual and discretionary income.

In other words, digital financial tools allow us to clearly identify what consumers can afford based on their money management habits better and more transparently than a rigid one-size-fits-all formula. That's why ability to pay is the best consumer borrowing risk indicator.

It is gratifying that the CFPB and the powers that dictate what makes a safe and solvent loan have begun acknowledging technology as a useful tool for creating more efficient, safer, more secure, more accessible models of lending.

Our board member and close industry advisor Faith Schwartz reminds me that the myriad policy considerations driving the CFPB's proposal are not limited to technology-driven advances. While I am not blind to other considerations, I see the world through the lens of how technology is driving positive change. I am fascinated by and ardent about the doorway we are finally stepping through as an industry that lives or dies, fails or thrives, based on its ability to lend responsibly to consumers.

About FormFree

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(tm) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications.

FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(tm). A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Athens, Georgia.

More information: https://www.formfree.com/ or follow FormFree on LinkedIn.

Twitter: @RealFormFree #digitalmortgage

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Business, Free News Articles, Software

SimpleNexus Invests in Client Success with the Addition of Five Senior Leadership Positions

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has filled roles in five senior leadership positions to support customer success and scale the company's internal and external growth.

"An organization's hires tell a story. SimpleNexus has created five new positions to reinvest in our customers and ensure we are exceeding their expectations," said SimpleNexus President and COO Ben Miller. "We are delighted to expand our senior leadership team with talented professionals who share our love for the customer."

The newly appointed executives are:

* Chuck Staib, Chief Sales Officer
Staib has 28 years' experience helping organizations accelerate growth, obtain investor capital and optimize business models as a consultant. In his role at SimpleNexus, Staib will mentor and guide the sales department in their positioning of the SimpleNexus platform. Prior to joining SimpleNexus, Staib advised international government agencies, Fortune 500 companies and marquis financial services firms including Goldman Sachs, the Pacific Stock Exchange and JPMorgan Chase. Staib is a founder of Park City Partners, a Utah-based business accelerator dedicated to helping businesses gain access to mentorship, markets and capital.

* John Aslanian, Senior Vice President of Sales
Aslanian has 22 years' of sales experience in the mortgage and software industries. A consummate sales professional, as senior VP of sales Aslanian will work closely with the enterprise sales and account management teams to effectively communicate SimpleNexus' value to prospects and achieve revenue goals. Previously, Aslanian held the position of VP of sales at Ellie Mae and Del Mar Data Trac.

* Anna Ratanawan, Vice President of People Operations
SimpleNexus has promoted Ratanawan from head of people operations to VP of people operations. Ratanawan brings a decade of human resources (HR) experience to her elevated role, where she will oversee talent acquisition, career development and company culture initiatives. Before joining SimpleNexus, Ratanawan held senior HR positions at Inc. 5000 company Jane.com and enterprise business management platform Workfront. Ratanawan holds an MBA in human resources management from Northcentral University and Bachelor of Science in accounting from Utah Valley University.

* Pam Faulkner, Director, Mortgage Solutions
Faulker brings a 35-year background as a business analyst and project manager for lenders and mortgage technology companies to her position as director, mortgage services. At SimpleNexus, Faulkner will bring to bear her wealth of experience and mortgage industry expertise in advising lenders on how they can maximize their implementation of SimpleNexus. Before joining SimpleNexus, Faulkner held roles at Ellie Mae, RCM Technologies and MortgageFlex Systems. Faulkner serves on the board of directors at Farm Credit of Western Arkansas.

* Sol Klein, Director of Implementation
A mortgage industry veteran fulfilling lender technology needs since 2002, Sol Klein is uniquely qualified to accommodate SimpleNexus client platform deployments in his position as director of implementation. Immediately before joining SimpleNexus, Klein held senior advisory consultant roles at Ellie Mae.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage

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Business, Free News Articles, Software

SimpleNexus Expands On-the-Go Credit Services with Integration of Instant Merge from CoreLogic

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the integration of the CoreLogic(R) Instant Merge(R) credit solution into its mobile app and web-based digital mortgage platform. The integration gives loan originators instant, on-the-go access to loan applicants' credit reports and FICO(R) scores from all three national credit bureaus: Equifax(R), Experian(R) and TransUnion(R).

CoreLogic (NYSE: CLGX) introduced the world's first automated, three-bureau credit reporting solution in 1989 and has been a leader in credit reporting solutions for the mortgage industry for over 50 years. The three-bureau CoreLogic Instant Merge report, the most widely accepted credit reporting solution in the mortgage industry, combines full credit history from all three bureaus into a convenient report with a unified format.

With SimpleNexus, borrowers can complete a loan application, upload documents and view loan status - all from a mobile device. Loan officers receive an alert as soon as a borrower applies, and they can use their own mobile device to move loans forward - including ordering credit reports - even when they are out of the office.

"The modern loan originator should be able to qualify loan applicants from any device using the credit provider they know and trust," said Kevin Mullins, principal, channel partnerships at CoreLogic. "That's just what the integration of CoreLogic Instant Merge into SimpleNexus delivers. Now LOs have a cost-effective way to get a clear understanding of applicants' credit history anytime, anywhere."

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

About CoreLogic:

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit https://www.corelogic.com/.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

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Business, Free News Articles

Mid America Mortgage Completes In-House Conversion of Its Mortgage Servicing Operations

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that it has completed the transition of its servicing operations to its newly-formed in-house servicing department. As of November 4, 2019, Mid America's national servicing portfolio, which currently comprises more than 35,000 loans from across the Mid America family of brands, will be managed by an internal staff of approximately 40 employees located in the firm's Addison, Texas headquarters.

"After working with our subservicer for the last nine years, we realized the time was right to bring our servicing operations in-house," said Mid America Owner and Chief Executive Officer Jeff Bode. "With this transition, our team will be able to provide even more personalized attention to Mid America's valued customers."

In keeping with its corporate goal of running a completely digital mortgage environment, Mid America has made considerable investments in technology to digitize its servicing division by eliminating paper and encouraging paperless billing and electronic payments.

"The benefits of a digital mortgage environment are undeniable, and having committed ourselves to being as digital as possible on the origination side of the house, we felt duty bound to do the same in our servicing operations," Bode added. "By lowering our operational costs and streamlining borrower communication, we are able to improve service levels while passing on the savings to borrowers in the form of lower rates and origination fees, which continue to pay dividends for borrowers over the life of their loan."

"This project has been nearly a year in the making and would not have been possible without the support of both our existing internal staff and the core group of partners we've chosen to power our servicing operations," said Mid America Chief Financial Officer Michael Kennemer. "We would like to take this opportunity to thank each one of the partners and team members that has helped us reach this point, but especially Sagent Lending Technologies, which provided a dedicated staff of 20 people and more than 350 hours of classroom training to assist in making this transition."

The vendors that Mid America has chosen to help automate and support its servicing operations include:
* Allied Solutions, LLC - Hazard, Flood and Wind Insurance Servicer
* Assero Services - Property Preservation
* Avtex - Phone System/Contact Center Platform
* CoreLogic - Property Tax Services
* CRFS - Claims Processing
* First American Title - Title and Modification Documents
* Fiserv - Document Storage and Retrieval
* ISGN - Bankruptcy and Foreclosure Tracking
* National Title Clearing - Lien Releases
* Newcourse Communications - Statements
* QIE Partners - Investor Accounting and Reporting
* Sagent Lending Technologies - Servicing System
* Texas Capital Bank - Payment Processing
* Ventanex - Lockbox
* WaterfallCalc - Loss Mitigation

About Mid America Mortgage, Inc.
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Named a 2018 "Top Mortgage Workplaces" winner by Mortgage Professional America and a 2018 "Top Mortgage Employer" by National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

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Alliances and Partnerships, Business, Free News Articles

FormFree Teams Up with LexisNexis Risk Solutions to Revolutionize Digital Mortgage Loan Applications for Borrowers and Lenders

ATLANTA, Ga. -- FormFree(R) has teamed up with LexisNexis(R) Risk Solutions to help lenders intelligently pre-fill the Universal Residential Loan Application (Form 65/1003) for mortgage applicants. The combined solution, part of FormFree's Passport(TM) all-in-one verification app, significantly reduces the amount of information a consumer must manually input into a digital loan application, greatly simplifying the application process, minimizing input errors and improving the likelihood of completing the loan application.

How It Works

The LexisNexis Digital Mortgage Application Prefill solution works behind the scenes to verify the consumer's device, providing an initial layer of fraud defense before the transaction begins. Once the device is authenticated, consumers who opt to authenticate their identity and use the Passport electronic verification service can view, confirm and edit loan applications that have been prefilled with their personal information, including two year address history; assets and other real estate owned; employer information from Passport; monthly income; and combined housing expense information.

Value for Lenders

The combined solution allows lenders to provide a significantly improved online loan application experience. Benefits for lenders include:
* Improved mobile channel experience for consumers
* Minimized customer friction during the loan application process
* Seamless mitigation of fraud risk through fortified device and identity authentication
* Minimized operational costs through use of validated applicant data

"Passport gives customers an exceptionally streamlined way to apply for a loan, boosting efficiency and pull-through for lenders in a competitive market," said Brent Chandler, CEO of FormFree. "FormFree is advancing the industry's digital mortgage transformation to meet the evolving expectations of today's consumer. We're proud to offer our lender customers access to a capability that is so well aligned with our mission."

"Offering the LexisNexis Digital Mortgage Application Prefill solution to mortgage lenders through FormFree's Passport delivers a faster, mobile-ready and superior consumer experience while helping lenders showcase their differentiated digital mortgage capabilities," said Nick Larson, senior director for LexisNexis Risk Solutions. "Our combined service provides cleaner electronic data from trusted sources to lenders who in turn can offer consumers a quick and easy application experience. Seamlessly authenticating the consumer's device up front provides next-level consumer data privacy and identity fraud prevention."

Up-front device authentication is powered by LexisNexis(R) Digital Identity Network(R), a crowdsourced, cross-industry digital identity intelligence network comprised of some of the world's most trusted eCommerce, financial services and payments brands that enhances fraud and authentication decisioning while reducing friction for end users.

To request a demo of Passport by FormFree featuring LexisNexis Digital Mortgage Application Prefill, visit https://www.formfree.com/passport or stop by FormFree's booth #621 at the Mortgage Bankers Association's Annual Convention & Expo being held October 27-30 in Austin, Texas.

About FormFree(R)

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(TM) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and 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 (https://www.linkedin.com/company/formfree-holdings-corporation/).

About LexisNexis Risk Solutions

LexisNexis(R) Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based and analytics and decision tools for professional and business customers across industries. For more information, please visit https://www.risk.lexisnexis.com/ and https://www.relx.com/.

Twitter: @RealFormFree @LexisNexisRisk #URLA #Form1003 #digitalmortgage

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