Business, Free News Articles, Software

ICE Mortgage Technology Acquires eVault Technology from DocMagic for Encompass eClose

TORRANCE, Calif. -- ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced it will deploy an eVault solution for secure storage of digital mortgages and notes, based upon technology acquired from DocMagic, Inc.

The eVault technology will be integrated into ICE's mortgage closing platform, Encompass eClose, a leading-edge solution that helps to transform the way loans are electronically closed in the United States. Encompass eClose enables lenders to electronically facilitate every aspect of the eClosing workflow, from ordering documents to delivering loans to investors - and all steps in between - without ever having to leave Encompass, the industry's most recognized loan origination system.

"By creating an end-to-end solution and further automating the mortgage closing process, we're helping the industry transition to paperless closings and enabling more efficient processes for our customers," said Joe Tyrrell, President, ICE Mortgage Technology. "We acquired technology from DocMagic, who has deep experience in the mortgage space, and when this technology is integrated with our other services, Encompass eClose will enable customers to eliminate time and cost in the closing process and create better experiences for borrowers."

"ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years," said Dominic Iannitti, president and CEO of DocMagic. "The migration towards digital mortgages is progressing quickly, and we're happy to have provided ICE with capabilities to enable fully-paperless lending workflows along with better supply chain connectivity."

Both ICE and DocMagic are committed to delivering technology to increase eClosing adoption in the mortgage industry.

ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration. Today, more than 3,000 mortgage lenders, 45,000 agents, as well as technology partners and mortgage investors can use the powerful capabilities of ICE Mortgage Technologies solutions to drive efficiencies and profitability for their businesses.

About Intercontinental Exchange:

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.

About DocMagic:

DocMagic, Inc. is a leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, processes, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

© 2021 Ellie Mae, Inc., doing business as ICE Mortgage Technology. All rights reserved. Encompass(r) and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology.

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Alliances and Partnerships, Business, Free News Articles, Software

SimpleNexus Extends Ellie Mae Integration with Hybrid eClosings for Mortgage Lenders and Borrowers

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of its recently launched hybrid eClosing feature on the Ellie Mae(R) Digital Lending Platform.

Ellie Mae, now a part of Intercontinental Exchange, Inc. (NYSE: ICE), is the leading cloud-based loan origination platform provider for the mortgage industry. The Ellie Mae Digital Lending Platform empowers lenders and investors to engage homebuyers and efficiently originate, close, sell and purchase loans that maximize ROI across their business all from a single system of record. The platform delivers a true digital mortgage experience across the entire mortgage workflow for every channel, every loan transaction and every customer type.

"A lender's need for simple, effective eClosing solutions has never been greater," said SimpleNexus CEO Matt Hansen. "SimpleNexus eClosing delights borrowers and turbocharges closing team efficiency, resulting in loans that can be sent off to investors sooner and with fewer errors. By shrinking the gap between loan funding and shipping, lenders can save money by reducing their dwell time on warehouse lines of credit. Additionally, borrowers now have one single portal from home search to home closing."

"We are thrilled to have SimpleNexus join our existing eClosing partners to extend the availability of hybrid eClosing solutions within the Ellie Mae Digital Lending Platform," said Ellie Mae Vice President of Business Development Bob Hart. "This partnership is a key step in expanding our ability to provide our lender customers with easy access to digitally closing loans quickly and safely."

SimpleNexus eClosing enables lenders to conduct hybrid closings for purchase and refinance loans, resulting in higher quality loans and faster delivery of those loans to investors. In a hybrid eClosing, borrowers electronically sign (eSign) home loan documents that do not require notarization before meeting with a settlement agent or notary to finalize the closing. Closing appointments are reduced to only a few minutes, since relatively few documents require in-person signatures.

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, real estate agents and settlement service providers 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 @EllieMaeInc #digitalmortgage #mortgagelending #domore #eClosing

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Business, Free News Articles, Regional Events

LBA Ware Named Ellie Mae Experience 2019 Exhibitor

MACON, Ga. -- LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that it will exhibit at Ellie Mae Experience 2019, which will be held March 10-13, 2019, at Moscone West in San Francisco, California. This year's conference theme, "Driving Innovation Home," encourages attendees to learn about the latest technologies defining the mortgage industry while offering training, solutions and networking to improve compliance, loan quality and efficiency.

The LBA Ware team will be at kiosk K10, located on Level 2 of Moscone Center's West Hall, during exhibition hours on Tuesday, March 12, and Wednesday, March 13. Company representatives will be on hand to provide demos of LBA Ware's automated compensation platform, CompenSafe(TM), and provide information about LBA Ware's full suite of software solutions for mortgage lenders.

"Ellie Mae is a valued partner whose Encompass Lending Platform and Digital Mortgage Solution are central to the way many of our clients do business," said LBA Ware Founder and CEO Lori Brewer. "Experience 2019 is a rich opportunity to connect with lenders and explore how our automated compensation and sales performance management software can help them achieve their goals."

Ellie Mae Experience 2019 will bring together 3,500 mortgage industry professionals for three days of specialized tracks, breakout sessions, training, networking and keynotes. To learn more about Ellie Mae Experience 2019, visit http://experience.elliemae.com.

About LBA Ware:
Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organizations. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency. For more information about LBA Ware and our software solutions, visit https://lbaware.com.

Twitter: @LBAWare @EllieMaeInc #EXP19

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Business, Free News Articles, Regional Events

FormFree to Help Kick Off Ellie Mae Experience 2019 as Welcome Reception Sponsor and Exhibitor

ATHENS, Ga. -- FormFree(R) announced it will help kick off Ellie Mae's (NYSE: ELLI) annual user conference, Ellie Mae Experience 2019, as a sponsor of the event's welcome reception and "wine tasting tour" on Monday, March 11. Ellie Mae Experience 2019 takes place March 10-13 at the Moscone Center in San Francisco.

During the welcome reception, FormFree will offer complimentary pours of merlot at booth #102 on Level 1 of the Moscone Center's West Hall. Representatives of the company will also be available during exhibition hours on March 12-13 to engage attendees in product demos of the firm's industry-leading AccountChek and Passport solutions, which are used by lenders nationwide to verify borrower assets, employment and income in minutes.

This year's conference theme, "Driving Innovation Home," encourages attendees to learn about the latest technologies defining the mortgage industry while offering training, solutions and networking to improve compliance, loan quality and efficiency.

"Many of the nation's leading lenders benefit from FormFree's automated verification solutions through our direct integration with Ellie Mae's Encompass Digital Lending Platform," said FormFree Founder and CEO Brent Chandler. "Experience 2019 is always a terrific opportunity to touch base with our mutual customers and understand how we can continue to add value to their operations."

Ellie Mae Experience 2019 will bring together 3,500 mortgage industry professionals for three days of specialized tracks, breakout sessions, training, networking and keynotes. To learn more about Ellie Mae Experience 2019, visit https://experience.elliemae.com/.

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 @EllieMaeInc #EXP19

Ticker: NYSE: ELLI / NYSE:ELLI

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Advertising and Marketing, Free News Articles, Software

FormFree Returns as Sponsor of Ellie Mae Experience 2018

ATHENS, Ga. -- For the second year, automated verification provider FormFree(R) will sponsor Ellie Mae's (NYSE: ELLI) annual user conference. Ellie Mae Experience 2018 takes place March 19-21 at the Wynn hotel in Las Vegas.

Each year, Ellie Mae Experience brings together thousands of mortgage leaders to discuss the latest industry strategies, share best practices and receive hands-on training while experiencing first-hand the next generation of digital mortgage solutions that will shape the industry.

FormFree will host the event's welcome reception as one of five stops on a "wine tasting tour" of the conference exhibit hall. FormFree will also sponsor a device charging station to help conference attendees stay connected throughout the event.

"Ellie Mae Experience is one of the industry's best events for bringing together lenders and technology providers to advance mortgage efficiency and innovation," said FormFree Founder and CEO Brent Chandler. "We are delighted to once again support this conference with our sponsorship, and we look forward to seeing new and familiar faces at booth 100."

FormFree's AccountChek(R) automated asset verification service enables borrowers to demonstrate their ability to repay loans by sharing financial data directly with lenders instead of mailing, faxing or emailing traditional asset account statements. The standardized format of AccountChek's digital Asset Report reduces loan processing and underwriting times and allows lenders to close loans days faster.

Lenders who use AccountChek and submit their casefiles for validation through Fannie Mae's Desktop Underwriter(R) (DU(R)) automated underwriting system receive freedom from representations and warrants for the validated components of the loan.

AccountChek is also now in pilot for Single Source Validation, which is an enhancement to Fannie Mae's DU validation service that will let lenders obtain asset, income and employment validation from one automated report from AccountChek.

To learn more about AccountChek and other FormFree products, visit booth 100 at the Wynn Las Vegas.

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.

#FormFree @EllieMaeInc #EllieMaeExperience

REF: NYSE:ELLI / NYS ELLI / NYSE: ELLI

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Business, Free News Articles, Software

VanDyk Mortgage Enables Borrowers to Automate Asset Verification Using AccountChek by FormFree for Faster Mortgage Closings

ATHENS, Ga. -- FormFree(R) today announced that VanDyk Mortgage Corporation (VanDyk Mortgage) has selected its flagship AccountChek(R) service for automated asset verification. Loan officers at VanDyk have already begun offering AccountChek as an alternative to manual, paper-based asset verification. In addition, borrowers can choose AccountChek as a faster alternative to uploading bank statements when using VanDyk's self-service mortgage portal, powered by Ellie Mae(R)'s Encompass Consumer Connect(TM).

AccountChek eliminates the hassle of gathering asset documents for loans by letting consumers easily and securely transmit their online banking, retirement and investment account data for automated analysis. In just minutes, AccountChek delivers asset data to lenders in a standardized report along with a ReIssueKey(TM) that enables secure and streamlined sharing with the secondary market. The result is an easier, safer and more accurate process that closes loans up to 15 days faster.

"VanDyk Mortgage embraces technology's role in enhancing borrower communication and improving the overall mortgage experience," said Jeanie Nivison, Chief Operating Officer of VanDyk Mortgage. "As we prioritize adoption of automated asset verification throughout our organization, we expect AccountChek's uniform asset report to enable faster processing and underwriting times. At the end of the day, we'll be able to close loans days sooner, which is a real win for both VanDyk and our customers."

"We are delighted to partner with VanDyk Mortgage to bring automated asset verification to its loan officers and their customers," said FormFree Founder and CEO Brent Chandler. "We believe AccountChek delivers appreciable value to lenders like VanDyk that place a priority on an efficient and consumer-friendly mortgage transaction."

VanDyk Mortgage is a Fannie Mae direct lender, a seller and servicer of Freddie Mac and Ginnie Mae loans and an early adopter of Fannie Mae's landmark Day 1 Certainty(TM) program, which speeds mortgage underwriting and reduces lender risk by providing freedom of representations and warranties on key aspects of the mortage origination process. FormFree was a pilot participant in Day 1 Certainty and the initiative's earliest approved asset verification provider.

About FormFree(R):

Leading lenders trust FormFree's automated verification solutions to streamline the lending process and provide better intelligence on borrowers' ability to pay. FormFree's flagship app, AccountChek(R), eliminates the hassle of gathering asset documents for loans by letting consumers transmit their online banking, retirement and investment account data for automated analysis and standardized delivery to lenders and their investors using FormFree's secure ReIssueKey(TM). To date, AccountChek has securely placed more than one million asset reports for over 1,000 U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit http://www.formfree.com or follow FormFree on LinkedIn.

About VanDyk Mortgage Corporation:

Founded in 1987, VanDyk Mortgage is a nationwide lender with over 475 employees at 92 branch office locations. VanDyk Mortgage is licensed in 38 states, including the District of Columbia. A Fannie Mae-approved direct lender and a seller and servicer of Freddie Mac and Ginnie Mae loans, VanDyk Mortgage also holds direct endorsement (DE) authority to approve FHA/VA loan applications and has a servicing portfolio of over $400 million. The company credits its accomplishments and continued growth to its focus on delivering great service, competitive rates and treating employees and customers with respect, integrity and care.

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Business, Free News Articles

FormFree Announces Integration of AccountChek into Ellie Mae’s Encompass Consumer Connect

ATLANTA, Ga. -- FormFree today announced that its AccountChek(TM) automated asset verification service is available through Ellie Mae's Encompass Consumer Connect(TM) point of sale loan origination solution, an extension of the Encompass mortgage management solution. Encompass Consumer Connect enables lenders to deliver a state-of-the-art, completely branded and unique self-service online loan origination experience for homebuyers. The seamless integration with AccountChek allows Encompass Consumer Connect users to verify and share asset and deposit information with their lenders in seconds without uploading bank statements.

AccountChek is an asset verification service that streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The cloud-based app securely connects with virtually any financial institution to consolidate, analyze and verify assets and deposits, delivering a safe and hassle-free experience for borrowers and greater purchase certainty for lenders.

AccountChek is also the first provider of asset verification to participate in Fannie Mae's Day 1 Certainty(TM) initiative, which gives lenders who use the Desktop Underwriter(R) (DU(R)) Validation Service reps and warrants relief for validated components of a loan.

Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Its Encompass Consumer Connect helps lenders attract prospective borrowers with a customized web experience that allows them to research rates and loan options, request information and complete a loan application all online. The dynamic loan application is designed to make the process easy for the consumer by leveraging services like AccountChek that minimize data entry, ensure high data accuracy and deliver a more complete loan application, thereby reducing overall loan processing time for both borrower and lender.

"FormFree is delighted to partner with Ellie Mae once again," said FormFree Founder and President Brent Chandler. "AccountChek has been an integrated part of Encompass since 2014. With our expansion into the newly introduced Consumer Connect, homebuyers can experience a truly streamlined self-service loan application process."

For more information on Ellie Mae's Encompass Consumer Connect, visit http://www.elliemae.com/encompass/sales-marketing/encompass-consumer-connect.

About FormFree

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae's Encompass(R) all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle.

Visit EllieMae.com or call (877) 355-4362 to learn more.

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Business, Free News Articles, Real Estate, Software

Simplifile Announces Integration with Ellie Mae’s Encompass Mortgage Management Solution

PROVO, Utah -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that its Collaboration and Post Closing services will be available this month through Ellie Mae's Encompass(r) all-in-one mortgage management solution. The seamless integration allows Encompass users to collaborate with settlement agents via Simplifile and work together seamlessly on documents and disclosure data from pre-closing to post closing.

Simplifile Collaboration enables lenders to work directly with their settlement agents to share, receive, and validate disclosure data, documents, and transaction details. Simplifile Post Closing provides lenders with real-time updates on the recording status of documents, then closes the loop on the entire mortgage transaction by delivering the final title policy and fee data electronically. Both services automatically record any loan changes, updates, or deficiencies to generate an audit-ready compliance trail.

Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae's Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

"Simplifile is delighted to partner with Ellie Mae," said Simplifile President Paul Clifford. "With this secure, seamless integration, Encompass users gain visibility into settlement agent processes and will experience faster, more efficient mortgage closings. We look forward to a long, successful relationship with Ellie Mae."

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800.460.5657.

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Free News Articles, Real Estate, Software

Platinum Data Announces Enhanced Integration with Ellie Mae’s Encompass Mortgage Management Solution

ALISO VIEJO, Calif. -- Platinum Data Solutions, a provider of valuation data and analytics solutions for the mortgage industry, announced an enhanced integration with Ellie Mae's Encompass(R) all-in-one mortgage management solution. The enhanced integration allows lenders to order Platinum Data's RealView(R) appraisal quality reports by submitting appraisal data in MISMO XML format directly through Encompass, to drive quality and efficiency in the loan origination process.

Fannie Mae and Freddie Mac require appraisals to be in MISMO XML format when submitting appraisals to the UCDP (Uniform Collateral Data Portal). This enhanced integration enables lenders to maintain consistency of format throughout the appraisal underwriting, QC and UCDP submission processes.

Platinum Data's online platform and analytical tools are used to protect the country's top 10 mortgage lenders, and are integrated into several leading mortgage and appraisal software systems.

RealView, Platinum Data's flagship appraisal quality technology, pioneered automated appraisal underwriting and quality control. It uses business intelligence to analyze the thousands of data fields in an appraisal, identify inaccuracies, and relay its findings. In seconds and with just a few clicks, RealView produces a comprehensive yet streamlined report that enables lenders to quickly elevate quality and compliance. Each RealView report features color-coded scoring, a summary of findings, and a simplified dashboard format, and provides all the information users need to prevent appraisal-based compliance violations, enhance appraisal quality, and gain efficiency of process.

Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae's Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.

"Platinum Data is delighted to partner with Ellie Mae(R)," said Phil Huff, president and CEO of Platinum Data Solutions. "This enhanced integration with Encompass enables our clients to simplify the process of ordering RealView, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae."

ABOUT PLATINUM DATA SOLUTIONS:
Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company's online platform and analytical tools protect the country's top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks.

The company's RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry's only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.

For more information, visit http://www.platdata.com/, follow @Platinum_Data or email info@PlatinumData.com.

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