Alliances and Partnerships, Business, Free News Articles, Software

Northwest Bank Collects Fees within Minutes with LenderLogix FeeChaser

BUFFALO, N.Y. -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Fee Chaser integrates with Northwest Bank's loan origination system (LOS) to send a unique link to the borrower within one click. On average, borrowers make a payment within five minutes of receiving the link. Once paid, all parties receive a receipt, and the LOS is automatically updated.

"As a service-oriented bank, we're constantly seeking ways to enhance the value we provide to our customers. Fee Chaser has taken our borrower experience to the next level by helping us extend the five-star service we deliver to our mortgage customers beyond the initial point of contact," said Rocco Diina, Northwest Bank Senior VP and Head of Mortgage Sales. "Thanks to the support from the LenderLogix team, we were able to go live within a matter of weeks."

"Our partnership with Northwest Bank is an example of our commitment to empowering lenders with cutting-edge technology to enhance their operations," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "It's our firm belief that borrower experience is the key differentiator for lenders. The lenders investing in their tech now in a down market will be the same lenders at the top when the market reverses course."

About LenderLogix
LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:
https://www.lenderlogix.com/fee-chaser

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

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Business, Free News Articles

Eric Zanotelli and the Z-Team join Sente Mortgage

STILLWATER, Okla. -- The Z-Team, a mortgage banking branch based in Stillwater, Oklahoma, has joined independent mortgage company Sente Mortgage, the company announced today. Branch Manager Eric Zanotelli and his team bring deep industry knowledge and a commitment to exceptional, accessible, and engaging service to the Oklahoma market and beyond.

"I chose to move my team and join Sente Mortgage because of values alignment, a shared commitment to supporting financial education, and a customer-focused mindset," said Zanotelli. "I am beyond thrilled to be part of such a fabulous organization. I can't wait for our clients to experience our truly unmatched customer service as we help make their home dreams possible."

With a focus on core values and the promise of creating financial possibility for clients and partners, residents across Oklahoma will benefit from the Z-Team's highly personalized mortgage services, bolstered by Sente Mortgage's 5-star home lending experience.

"Key to our growth is welcoming new branches that share our core values, since that's at the heart of what makes our company so different for the clients and partners trusting us with the home buying journey," said Tom Rhodes, CEO of Sente Mortgage. "We're excited to have found that with our newest branch in Stillwater, The Z-Team, and to bring our unparalleled five-star experience to this new market."

In addition to Oklahoma, Sente Mortgage is licensed in Texas, Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, and Tennessee. To learn more about the Sente Mortgage Stillwater branch, access educational and financial resources, or find the right Mortgage Banker for your upcoming home purchase, visit https://www.sentemortgage.com/locations/.

About Sente Mortgage:

Sente Mortgage is a leading independent mortgage bank focused on creating financial possibility. Since its founding in 2007, the company has been committed to delivering a five-star experience for every client, with a team of expert Mortgage Bankers dedicated to finding the right mortgage products to meet each client's needs. Sente Mortgage has been recognized three times as one of the nation's fastest-growing companies on the Inc. 5000 list, has landed on the Austin, San Antonio, Dallas and Houston Business Journals' "Best Places to Work" lists, and has been a two-time recipient of the Austin Business Journal's "Fast 50" list. The company is headquartered in Austin.

For more information about Sente Mortgage, please visit https://www.sentemortgage.com/.

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

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Alliances and Partnerships, Business, Free News Articles, Software

Mortgage Coach expands partnership with NAMMBA to grow diversity, equity and inclusion in housing finance

IRVINE, Calif. -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, has expanded its relationship with the National Association of Minority Mortgage Bankers of America (NAMMBA). Through the partnership, Mortgage Coach and NAMMBA will develop material educating lenders on strategies that can improve homeownership affordability for borrowers. Mortgage Coach will also work collaboratively with NAMMBA to cultivate greater racial and gender diversity among mortgage industry leadership.

As part of its expanded partnership, Mortgage Coach is providing NAMMBA members who are exploring careers in the housing finance industry with access to its interactive technology platform, which illustrates the costs and benefits of home lending programs given borrowers' financial scenarios. Additionally, Mortgage Coach has pledged the use of its platform to support NAMMBA's consultative services that help lenders better communicate with and meet the housing needs of communities and has pledged to continue advocating for policies and practices that reduce the minority homeownership divide.

"As a technology platform and a corporate culture, Mortgage Coach is aligned with NAMMBA's mission of cultivating a more diverse housing finance workforce and strengthening engagement with underserved communities through improved homeownership outcomes," said NAMMBA Founder and CEO Tony Thompson, CMB. "I look forward to growing NAMMBA's impact with the partnership of Mortgage Coach."

Mortgage Coach is a long-time supporter of NAMMBA's initiatives. At NAMMBA's inaugural conference in 2018, Mortgage Coach President Joe Puthur spoke on the topics of improving access to homeownership and borrower education. Since then, both Puthur and Mortgage Coach Founder and CEO Dave Savage were designated NAMMBA Visionaries for volunteering executive mentorship and industry education to women college students and college students of color pursuing careers in housing finance.

"Mortgage Coach is passionate about helping build a diverse community of housing finance professionals and helping underserved communities build generational wealth with improved financing outcomes," said Mortgage Coach President Joe Puthur. "We are dedicated to equipping mortgage lenders with technology and education to help underserved consumers benefit from homeownership. For example, Total Cost Analysis presentations that instantly model the impact of reducing monthly mortgage payments with Fannie RefiNow or Freddie Refi Possible loans and Mortgage Coach's Spanish-language borrower education each help NAMMBA's crucial industry mission succeed."

About Mortgage Coach:

Mortgage Coach is an award-winning borrower conversion platform that gives consumers the confidence to transact with educational presentations that model 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 conversion, repeat business and referrals. To date, more than 120 enterprise independent mortgage banks, depository banks and credit unions rely on Mortgage Coach to deliver personalized, modern service that grows revenue and customer loyalty. To learn more about Mortgage Coach, visit https://www.mortgagecoach.com or follow @MortgageCoach.

About NAMMBA:

The National Association of Minority Mortgage Bankers of America is a purpose-driven organization that is dedicated to the inclusion of minorities and women in the mortgage industry who are advocates for sustainable homeownership in local communities. To fulfill its mission, NAMMBA provides programs and initiatives to introduce minorities and women into the mortgage industry, including recruiting, advisory, networking and training for enterprises and individual professionals. For more information, visit: https://www.nammba.org/.

Related link: https://mortgagecoach.com/

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Awards and Honors, Business, Free News Articles

Digital Mortgage Platform Maxwell Ranks #154 on 2021 Inc. 5000 List

DENVER, Colo. -- Inc. magazine today revealed that Maxwell ranks in the top 3% of its annual Inc. 5000 list of fastest-growing private companies at number 154. Maxwell was also named the 15th fastest-growing software company in the country. The prestigious Inc. 5000 list takes a unique look at the most successful companies within the American economy's most dynamic segment-its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Maxwell uses technology to streamline and accelerate the mortgage process for lenders serving America's communities and their borrowers. Its AI automation, built on aggregated loan data from its network and real-time data insights, offloads manual tasks for lending teams, helping them focus on high-value work. To date, Maxwell has facilitated over $130 billion in loan volume, closing loans on its platform 45% faster than the national average.

In the past few years, Maxwell has scaled from a point of sale to an increasingly all-inclusive solution for small to midsize lenders. As a part of that journey, Maxwell released its Fulfillment Platform, a benefit for customers that offers tech-enabled onshore processing, underwriting, and closing talent, in May of 2020. Most recently, the company introduced Maxwell Diligence, providing quality control and due diligence solutions. As Maxwell's product offerings expanded and customer demand skyrocketed, the Maxwell employee base grew by more than 14x over the last three years.

"We're thrilled and honored to be included on the 2021 Inc. 5000 list. Our team has worked tirelessly over recent years to add value to lenders serving communities across the country," said Maxwell co-founder and CEO John Paasonen. "No one could have predicted the unique market in 2020. In last year's rapidly changing mortgage market, we were able to deliver products and solutions that helped lenders support their borrowers through an unprecedented time."

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

About Maxwell

Maxwell empowers mortgage lenders to enhance borrower experience, increase efficiency, and improve their economics by intelligently automating workflow through its digital platform and technology-powered solutions. Hundreds of mortgage lenders, banks, and credit unions nationwide use the Maxwell platform to serve thousands of homebuyers every day. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado. Learn more at: https://himaxwell.com/.

Related link: https://himaxwell.com/

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Business, Free News Articles, Software

Oklahoma Bankers Association Endorses Promontory MortgagePath’s Mortgage Fulfillment Services and POS Technology

DANBURY, Conn. -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the Oklahoma Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

OBA recognized Promontory MortgagePath's mortgage technology and end-to-end fulfillment services for their ability to help its members reduce mortgage origination expenses while allowing them to retain a full mortgage product suite. By shifting fixed mortgage-operations costs to a variable cost model through Promontory MortgagePath, community banks can augment their staffing needs to match the ebb and flow of the mortgage market.

"OBA's mission is to ensure Oklahoma's robust banking community possesses the tools it needs to support its communities and few support a community like increased homeownership," said OBA President and CEO Adrian Beverage. "Promontory MortgagePath's mortgage technology and fulfillment services will deepen our community banks' capacities to serve their communities while also providing stability and longevity through increased access to homeownership."

Founded by former U.S. Comptroller of Currency Gene Ludwig, Promontory MortgagePath began with a commitment to empower community banks to participate profitably in mortgage lending. By offering mortgage technology and end-to-end fulfillment services, Promontory MortgagePath helps community banks build franchise value and expand relationships with their customers while establishing mortgage businesses that can withstand all market conditions. Although Promontory MortgagePath provides both the technology - including a POS and LOS - and back-office operational support, such as processors, underwriters and closers, community banks require to profitably grow their businesses, all loans are issued in the bank's name, and the bank retains control over the product mix and pricing, ensuring mortgage operations remain in line with the bank's overall risk appetite and growth plans.

"Our solution amplifies a core strength of community banks - outstanding customer service - by adding a digital platform and comprehensive fulfillment services," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "We're excited to partner with OBA to bring a profitable, efficient, and compliant mortgage solution to its member banks."

About Oklahoma Bankers Association

For more than 100 years, Oklahoma banks have relied upon the Oklahoma Bankers Association to address their changing needs and challenges. Today, OBA serves approximately 200 member banks located statewide. Based in Oklahoma City, the OBA assists its members with government relations, educational programs, legal and compliance services, communications, insurance products and numerous products and services. The OBA works with banks to ensure they have the tools they need to support their communities and provides fraud training programs to banks at no charge, as well as financial literacy programs to communities across the state and so much more. The OBA owns two subsidiaries - the OBA Services Company and the OBA Insurance Agency, which specialize in products and services for the banking industry. While the OBA offers a wide variety of services and benefits to its members, it's efforts can be summed up in four simple words: We Make Bankers Better! For more information, visit https://www.oba.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

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

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Business, Free News Articles

United Fidelity Funding West Hires Victoria Dunn as National Wholesale Account Executive

IRVINE, Calif. -- United Fidelity Funding West (UFFWest), a rapidly growing national mortgage banker, announced that it added Victoria Dunn to its wholesale lending team of account executives.

Ms. Dunn comes to UFF West from AAG Reverse Mortgage, a respected and trusted leader in the reverse mortgage segment. While at AAG, she ensured superior levels of customer satisfaction assisting seniors in attaining the best solution for their specific financial goals. She developed a very successful track record of building strong relationships and consistently securing referral business via happy customers, effectively demonstrating the value and benefits in partnering with AAG.

"We are pleased to have been able to recruit someone with Victoria's proven background of successful execution and solution-oriented sales skill sets," stated John Bell, principal at UFFWest. "UFFWest is expanding operations and adding talent to capitalize on emerging opportunities in the purchase market business. There is no doubt that Victoria will quickly add value and work well with our tight-knit team of mortgage professionals."

Ms. Dunn possesses a demonstrated history in negotiation, business development, account management, direct sales, product marketing, technology, and essentially all facets of mortgage lending.

"I am excited to join the team at UFFWest and look forward to forging new relationships and expanding the business," said Dunn. "One of the things that attracted me to come on board was UFFWest's commitment to providing excellence in customer service to it originator partners, extensive product line, and great pricing. In addition, UFFWest's ethics, integrity and utilization of technology in order to make doing business with originators easy, quick and efficient are highly regarded within the industry."

About United Fidelity Funding West:

Based in Irvine, Calif., United Fidelity Funding West (UFFWest) is comprised of a highly experienced team of mortgage banking professionals who are focused on the wholesale lending channel. UFFWest utilizes the very best in wholesale mortgage technology and is laser-focused on providing brokers and their borrowers with the highest level of service on every single loan, every single time. UFFWest prides itself on creating personalized relationships with its partners.

The company offers partners individualized, hands-on service from the point of submission all the way through funding by having a dedicated team of employees ready to assists at every milestone of the lending process, ensuring a very smooth and easy transaction. The core team at UFFWest has been working closely together for more than 10 years, and has a companywide mantra of "Lending at a Higher Level."

For more information, visit https://uffwest.com/.

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Business, Free News Articles, Software

Industry Veteran Joins Mortgage Technology Vendor, LBA Ware

MACON, Ga. -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Finn Klemann as director of business development. In this role, Klemann will bring his more than 20 years of business development and sales experience in forging new relationships for LBA Ware in the financial services industry, with a specific focus on targeting growth in the mortgage industry.

"With the mortgage industry on the cusp of true digital transformation, now is the time for LBA Ware to expand its footprint in order to deliver innovation to the industry's back-office processes, like LO compensation," said Lori Brewer, founder of LBA Ware. "Finn's deep background in mortgage technology, coupled with his extensive experience in financial services business development, make him the ideal candidate to lead LBA Ware's next phase of growth."

Prior to joining LBA Ware, Klemann was vice president of sales for the Northeast territory at LoanLogics, a mortgage technology and outsourced services provider. Klemann has also held several high-level sales positions with financial services companies such as Interthinx (now First American Mortgage Services), Ascendant Capital Partners, Haverford Financial Services, Envestnet and Lincoln Financial Distributors.

"In the decade since I first entered this space, I've observed the mortgage industry's gradual transition into the digital world, and with solutions like CompenSafe and LOS Talker, LBA Ware is well positioned to deliver efficiency and process optimization to the back-office side of the mortgage transaction," Klemann said. "As Director of Business Development, I look forward to uncovering new opportunities for growth for LBA Ware and nurturing its existing relationships."

About LBA Ware:

Founded in 2008 and headquartered in Macon, Ga., LBA Ware is a leading provider of mortgage and retail banking technology solutions. With over 25 lending-oriented applications still in operation today, LBA Ware provides cutting edge solutions that leverage automation and system integration to ease the pain points of repetitive manual workflow, empowering lenders to maximize productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com/.

*PHOTO for media: Send2Press.com/mediaboom/17-0601s2p-Finn-Klemann-300dpi.jpg
*PHOTO Caption: Finn Klemann to head business development at LBA Ware.

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