Business, Free News Articles

Multi-Bank Securities, Inc. Joins Agile’s Growing Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that Multi-Bank Securities, Inc. (MBS), a veteran-owned, fixed-income securities broker-dealer, has joined Agile's broker-dealer network. The addition of MBS gives lenders on Agile's growing network expanded access to competitive trades and simpler trade reconciliation across Agile's electronic RFQ platform.

"MBS is excited to offer our clients access via the Agile platform. Having worked with many lenders in Agile's network as a partner with Mortgage Capital Trading (MCT) for more than 20 years, we look forward to building on that partnership as we provide our customers with the most innovative trading experience," states Nicholas Mazzeo, Trader - Mortgage-Backed Securities at MBS. Agile clients already approved with MBS will automatically see them added as an option for individual and competitive trading, and clients interested in an introduction can contact Agile or work with their MBS representative for more information.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

"We're proud to expand our relationship with MBS and have them join Agile's broker-dealer network," shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. "It has been a pleasure to work with Nicholas Mazzeo and team over the years, and we're happy to provide their loyal customers with the most innovative platform to trade TBAs."

Agile's broker-dealer network now consists of 16 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides MBS and all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience [*NOTE 1].

About Multi-Bank Securities, Inc.

Multi-Bank Securities, Inc. (MBS) is an independent, fixed-income securities broker-dealer that has been serving institutional investors across the U.S. for more than 30 years. MBS has been certified as a Service-Disabled Veteran-Owned Business (SDVOB) by the National Veterans Business Development Council (NVBDC). MBS is headquartered in Southfield, Mich., and serves institutional investors in all 50 states. MBS is registered with the SEC and MSRB and a member of FINRA and SIPC. In addition to offering a full array of fixed-income investment products, MBS underwrites wholesale deposits for financial institutions and is an approved underwriter for Fannie Mae, Freddie Mac, Farmer Mac, the Federal Home Loan Banks and the Federal Farm Credit Banks. Learn more: https://www.mbssecurities.com

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size. Learn more: https://trade-agile.com/.

NOTES/REFERENCES:

[*NOTE 1] Past results do not guarantee future performance. Source: MCT Study of Digital RFQ Implementation February 2021

Related link: https://trade-agile.com/

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

Business, Free News Articles

ACES Quality Management Upgrades ACES CONNECT® to Enhance Communication, Collaboration on Quality Control Findings

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced it has enhanced its proprietary ACES CONNECT portal to extend its flexibility and user control capabilities. This enhancement allows ACES administrators to create custom user roles and assign permissions for those roles to fit the needs of their organization. Users can build roles based on granular permissions related to the loan and exception communication process, thus simplifying group management and settings within the portal through the ACES Quality Management & Control® software platform.

"Our commitment to improving loan quality through our industry-leading technology and exemplary customer service is never satisfied. We continuously keep our ears open and our noses to the grindstone to ensure we're constantly delivering the tools and the knowledge our clients need to support their quality control programs, regardless of whether those efforts are managed internally or externally," said CEO Trevor Gauthier. "This enhancement was a direct result of listening to our clients' needs and making the necessary advancements to our technology to improve communication and collaboration on QC activities."

Launched in May 2022, ACES CONNECT provides enhanced productivity and boosts collaboration in resolving loan defects, requesting or supplying additional documentation, answering questions and concerns and tracking communications within the organization and externally with third parties. Through the portal, users can self-remediate audit findings, access reporting and trending data, review audit documents and manage corrective action plans in coordination with their organization's risk department. In addition, ACES CONNECT provides users with access to the ACES QC reporting to provide easy-to-view reporting for senior management along with any designated third parties. To learn more about ACES CONNECT, request a demo.

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com or call 1-800-858-1598.

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

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

Business, Free News Articles, Product Launches

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

"BAMCO is the latest step toward realizing MCT's vision of every loan being priced to every investor, supporting true best execution for sellers and a more efficient market for borrowers," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Historically, lenders have had far more whole loan outlets than co-issue outlets - we're seeking to change that with BAMCO."

BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.While co-issue executions via agency integrations have always been and will continue to be included in lenders' loan sale best execution analysis, BAMCO brings in a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.

In recent years, both Fannie Mae and Freddie Mac have pushed the market for co-issue loan sales forward with new servicing exchanges.This has supported the growth of co-issue transactions to represent 16% of all loan sales by MCT's lender client base in 2022. BAMCO supports and expands upon the functionality provided by the agencies to facilitate live shadow pricing, more granular MSR bids, and expanded outlets over time. BAMCO serves agency sellers within the MCT hedge client base, particularly those not currently taking advantage of co-issue executions, while offering an opportunity for co-issue buyers to attract more sellers and provide more granular pricing.

BAMCO is a new set of executions within BAM Marketplace, the industry's largest loan exchange which serves MCT's three hundred mortgage lender clients. BAMCO is the latest in a series of groundbreaking innovations from MCT, from their original focus on best execution analysis to more recent rollouts such as electronic TBA trading and automation for Assignment-of-Trade (AOT) transactions.

"Given the advancement of BAMCO technology, MCT brings incredible selling efficiencies and pricing resources to the industry," shared Chris King, SVP of Business Development at Mr. Cooper. "Mr. Cooper is excited to be a first adopter of BAMCO and we look forward to working with our clients, MCT, and the agencies to further the expansion of co-issue sales."

There is no additional cost for MCT hedging clients to use BAMCO, which was released as part of their normal best execution loan sales process earlier this week.

Interested parties can register to attend MCT's upcoming BAMCO webinar to be held December 7, 2022: https://mct-trading.com/webinar-bamco-coissue-marketplace/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

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

Related link: https://mct-trading.com/

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

Business, Free News Articles

Southstate|Duncanwilliams Securities Corp Joins Agile’s Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that SouthState|DuncanWilliams Securities Corp., a FINRA-regulated wholly owned subsidiary of SouthState Bank, N.A, has joined Agile's broker-dealer network. SouthState|DuncanWilliams Securities Corp. has been conducting TBA trades with better efficiency to execute at competitive pricing via Agile as of August 2022.

"I like the efficiency of an electronic quote and the speed of the trade," states Tony Mun, Head of TBA Trading Desk/Business at SouthState|DuncanWilliams Securities Corp. "The ability to adjust levels while the bid/ask is 'open' is a big differentiator, and I'm a big fan of the ability to sort/filter various functionalities within the Agile platform." Agile's technology removes manual calls, freeing up time and reducing the need to be on the phone all day.

Tony explained that the main difference between an Agile and non-Agile process is the quote mechanism. "I typically receive a phone call versus an electronic submission. My market assessment process remains the same." Agile's platform reduces the possibility of human error so broker-dealers can efficiently interact with the market [*see Note 1]. "The levels the clients receive are good, the process is quick and efficient and the platform provides decent liquidity for clients," says Mun.

"My personal experience with the Agile team has been exceptional. I have a long history with MCT so my interaction with Agile and this new platform should be seamless and highly productive," further emphasized Tony. "I, personally, am excited to work with and help originators grow their businesses while providing stable and consistent liquidity for their hedging needs. It is our hope and intention to build relationships over the years and ideally help the clients achieve their growth and business objectives," he added.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties. The idea of electronic trading isn't new, but for the mortgage originator, it's "game-changing," according to Mun.

"We're proud to have SouthState|DuncanWilliams Securities Corp. join Agile's broker-dealer network," shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. "Tony and his team will bring additional liquidity and price transparency at an important time in the market for the mortgage industry."

When it comes to TBA trading, Tony believes that "the Agile platform has and will require the broker-dealer universe to rethink their business model as well as the IT approach as it relates to future clients."

About Tony Mun

Tony Mun is a fixed-income professional with a varied background in mortgage pass-throughs, whole loan strategy, and securitization.

About SouthState|DuncanWilliams Securities Corp.

SouthState|DuncanWilliams Securities Corp., a registered member of FINRA and SIPC, is a wholly owned subsidiary of SouthState Bank, N.A. (SSB). SouthState|DuncanWilliams Capital Markets is a division of SSB and is not registered as a broker-dealer. SouthState|DuncanWilliams Securities Corp. and SouthState|DuncanWilliams Capital Markets are collectively referred to as "SouthState|DuncanWilliams". Securities may be offered to Institutional customers through either SouthState|DuncanWilliams Securities Corp. or SouthState|DuncanWilliams Capital Markets. Broker-dealer services are offered by SouthState|DuncanWilliams Securities Corp. Securities and investment products offered through SouthState|DuncanWilliams are not insured by the FDIC or any other government agency, are not bank guaranteed, are not bank deposits or obligations, and may lose value. To learn more, please visit: https://trade-agile.com/broker-dealers/southstate-duncanwilliams/

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an

ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size. Learn more: https://trade-agile.com/.

Media Contact: Agile@fullyvested.com

Works Cited

Testimonials may not be representative of the experience of other clients, and past results are not a guarantee of future performance or success.

Benefits and metrics listed in this document were sourced from the MCT Study of Digital RFQ Implementation, July 2021 found at mct-trading.com\study-of-digital-rfq-implementation. Mortgage Capital Trading (MCT) is a client of Agile Trading Technologies and active user of the Agile RFQ platform.

This study measured the change in phone use, productivity, and TBA execution associated with the implementation of Agile Trading Technology's RFQ platform (Agile RFQ), as well as the experiences of platform users. The study encompassed over 250 mortgage lender clients of MCT who either used Agile RFQ to support their own TBA trading, or Agile RFQ was used by MCT traders to support TBA trading on their behalf. The study measured the month of January 2021 (after implementation) against the month

of January 2020 (before implementation). Data was collected through MCT reports on TBA trading activity and surveys of platform users. Possible limitations of the study include the relatively.

NOTES:

[*Note 1] MCT Study of Digital RFQ Implementation, see Works Cited for details.

Related link: https://trade-agile.com/

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

Advertising and Marketing, Alliances and Partnerships, Business, e-Commerce, Free News Articles

iDenfy partners with advertising platform MGID to provide ID verification

KAUNAS, Lithuania -- An identity verification and fraud prevention startup, iDenfy, announced its new partnership with MGID, a global advertising platform. Using iDenfy's full-stack ID verification services will help MGID boost new registrations while securing the onboarding process.

Forging documents and committing fraud are more frequent because of the low costs and the technology-driven market. Fraudsters are becoming more sophisticated with their techniques, and businesses and internet users report record financial losses.

Card Not Present reports that in the first half of 2022 alone, there were 800,000 fraud cases reported in the United States. Considering this, iDenfy company officials stress the importance of having a more robust fraud detection system for financial institutions and all digital platform operators.

According to MGID, Know Your Client (KYC) procedures, once strictly used in financial institutions, are standards now adopted by industries outside the financial sector. To keep up with security requirements and to stay compliant with the ever-changing regulations, MGID began to look for a new ID verification provider and found iDenfy's four-step ID verification solution. MGID claims that the new implementation protects current and potential clients by ensuring that the business is transparent and all customers are legitimate individuals.

MGID is a global advertising platform helping brands reach unique local audiences at scale. It uses privacy-first, AI-based technology to serve high-quality, relevant ads in brand-safe environments. The company offers a variety of ad formats, including native, display, and video, to deliver a positive user experience. MGID helps advertisers drive performance and awareness while enabling publishers to retain and monetize their audiences. Brand-safe, privacy-first advertising is MGID's top priority. Alongside protecting user data and maintaining transparency, MGID has strict standards to ensure that users see only relevant, high-quality creatives and honest advertising.

iDenfy's solution was created to respond to the demanding fraud prevention market. The AI-powered verification software detects forged documents and fake identities by quickly extracting information and identifying suspicious patterns. Currently, iDenfy's platform assists MGID in automating customer due diligence and protecting the business from potential risks. Additionally, the newly implemented identity verification service powers a simple yet secure and efficient onboarding process for individual advertisers accessing MGID's platform.

According to the ID verification startup, a higher volume of new registration attempts means a higher chance of fraud, especially if the organization doesn't have the right tools at its disposal. To improve accuracy and completely eradicate fraud, iDenfy's in-house KYC experts review each verification manually, minimizing fraud risks and preventing unwanted registrations during MGID's customer onboarding process.

"iDenfy's advanced identity verification helps us stay compliant with current laws and regulations while providing a smoother experience for our customers. We believe that an effective fraud prevention system is essential in today's digital age, especially if you want to make the best possible decisions for your business," said Oleksandr Nazarenko, Head of the Fraud Protection Department at MGID.

"We've reached one of our goals and created an efficient, user-friendly identity verification process that helps authenticate documents in real time. Now, we're glad to have found more long-term partners who put their trust in our security tools, allowing us to safeguard their business from fraud," added Domantas Ciulde, the CEO of iDenfy.

About iDenfy:

iDenfy, a platform of identity verification services and fraud prevention tools ensures AML and KYC compliance for every company - from large-scale businesses to small organizations. The rapidly growing business was named the best "Fintech Startup" in 2020. The company also received recognition for winning a Baltic Assembly Prize for innovation in 2021.

For more information and business inquiries, please visit https://www.idenfy.com/.

RELATED LINKS:

https://news.cardnotpresent.com/news/us-consumers-lose-record-3.56-billion-to-online-fraud-in-h1-2022

https://www.mgid.com/

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

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

Business, Free News Articles, Product Launches, Software

Click n’ Close launches proprietary SmartBuy loan suite to provide low- and moderate-income homebuyers with more affordable mortgage options

ADDISON, Texas -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announces it has launched SmartBuy, a suite of loan programs designed to give low and moderate-income (LMI) homebuyers an advantage in today's heightened mortgage interest rate environment. These programs offer down payment assistance (DPA) to help borrowers reduce their initial down payment as well as their monthly payment amounts utilizing Click n' Close's proprietary second liens.

"With recent volatility in rates and home prices maintaining record highs, TPOs need loan programs that are not only designed to help their borrowers navigate today's homeownership and affordability challenges but also varied enough to match borrowers' preferences and circumstances," said Click n' Close Owner and CEO Jeff Bode. "With our SmartBuy program, TPOs can meet their borrowers where they are today and create a loan program that helps them meet their goals."

"For example, TPOs can combine a seller-funded 2/1 buydown with SmartBuy for more cash-conscious borrowers, allowing them to secure a lower interest rate today, minimize their cash-to-close and postpone the rate reduction repayment to a later date. However, SmartBuy also offers a permanent buydown option that enables borrowers to qualify for a lower interest rate over the full life of the loan and maximize their long-term savings," Bode added. "Whether it is minimizing their cash-to-close, materially lowering their monthly payments or simply securing the lowest rate possible today, SmartBuy provides multiple options to help borrowers achieve their short- and long-term homeownership goals."

SmartBuy is the latest in a series of unique loan products developed by Click n' Close to help consumers and third-party originators (TPOs) address the challenges of today's market. Other innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and eNote program for non-delegated correspondents.

For more information on SmartBuy or any of Click n' Close's innovative loan programs, contact Adam Rieke (wholesale) at adam.rieke@clicknclose.com or Julas Hollie (correspondent) at julas.hollie@clicknclose.com.

About Click n' Close, Inc.:

Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

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

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

Alliances and Partnerships, Business, Free News Articles, Software

Polly’s PPE integration with Mortgage Coach embeds dynamic product and pricing data into interactive home loan presentations that drive borrower conversion

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 a new integration between Mortgage Coach and Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space. The seamless API integration feeds real-time data from Polly's sophisticated, cloud-native Product and Pricing Engine (PPE) into Mortgage Coach Total Cost Analysis (TCA) presentations, enabling highly accurate, side-by-side home loan comparisons that give borrowers the confidence to move forward with the financial products that best meet their needs.

Feedback from early adopters of the integration has been overwhelmingly positive:

"Our partnership with Mortgage Coach spans the better part of a decade, during which time we have used TCAs to help tens of thousands of borrowers make more informed home loan decisions," explained the President and CEO of a well-known mortgage lender originating upwards of $4.5 billion in annual volume. "This integration is a huge win, because it lets us combine the benefits of Polly's high-performance, ultra-modern PPE and lock desk automation with a beloved borrower conversion tool our loan officers have come to depend on."

"The integration of real-time product and pricing data from Polly ensures our Mortgage Coach TCA presentations are not only compelling, but also highly accurate and actionable, allowing us to lock in borrower commitments with absolute confidence that we've got the right customer in the right loan," said the vice president of lending of another prominent lender with an annual origination volume of more than $2.6 billion. "Any mortgage lender that is evaluating its pricing engine options should factor the powerful combination of Polly and Mortgage Coach into its calculus."

Sales Boomerang and Mortgage Coach merged in June to form the mortgage industry's first Borrower Intelligence Platform (BIP). By combining actionable, real-time borrower intelligence with interactive TCA presentations, Sales Boomerang and Mortgage Coach empower mortgage advisors to reach out to prospective borrowers at exactly the right time and walk them through rich loan comparisons that span the lender's full breadth of product offerings and consider each scenario's impact on both short-term monthly cash flow and long-term net worth.

Founded in 2019, Polly has gained traction with originators and investors alike at an astounding pace - and attracted more than $50 million in venture-capital funding - for breathing new life into the mortgage capital markets industry through innovation. Polly's end-to-end capital markets toolset features a modern, cloud-native PPE that offers lenders of all sizes greater speed, accuracy, and configurability across all loan pricing and lock processes, as well as a robust loan trading exchange and comprehensive analytics platform.

"Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers' unique needs, yet those products often sit underutilized," said Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur. "Piping Polly's precise product and pricing data into engaging, data-rich Mortgage Coach TCA presentations solves that problem by making it not only possible, but easy for mortgage advisors to present a wider array of financial solutions to every borrower, every time."

"Polly has taken the capital markets space by storm, enabling lenders to price and lock loans with unprecedented speed and flexibility. Now, lenders can merge the benefits of our high-performance PPE with Mortgage Coach's ability to multiply borrower conversion," said Adam Carmel, Founder and CEO of Polly. "And stay tuned; there is much more to come from Polly's partnership with Mortgage Coach. Early adopters of the integration are already gaining a significant competitive advantage, and with further enhancements to our API connections already in the works, they will only see that edge sharpen."

About Polly:

Polly is transforming the mortgage industry with its modern, data-driven capital markets ecosystem. Lenders trust Polly's Product and Pricing Engine (PPE), Loan Trading Exchange, Analytics Platform, and Partner Platform to optimize performance from rate lock to loan sale and delivery, increase gain-on-sale execution, automate workflows, and provide actionable data and analytics. Polly was founded in 2019 by a seasoned team of technology and mortgage experts, and is based in San Francisco, California. Please visit www.polly.io to learn more.

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

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

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