May, 17
2023
Business, Free News Articles, Software

Jonathan Nahil joins FormFree as chief technology officer

ATHENS, Ga. -- FormFree® today announced that it has brought on Jonathan Nahil as chief technology officer (CTO). Nahil possesses more than 20 years of experience as a software architect and leader of development teams at renowned technology organizations.

Previously, Nahil worked at Accenture, where he spent more than a decade as global head of architecture for the Mortgage Cadence suite of enterprise loan origination applications. He has also held senior software leadership positions at publicly traded companies Twilio and Amazon.

Immediately before joining FormFree, Nahil was a software architect at customer service automation platform Ada. His responsibilities included designing software systems, collaborating with senior leadership on strategic initiatives and providing technical guidance to the product development teams.

"I've helped organizations break the status quo with innovative technologies, and I look forward to helping FormFree do just that with products that enable lenders to support financial inclusion and responsible underwriting," said Nahil. "I am honored to be a part of FormFree's mission to build the next generation of the consumer lending experience and expand credit to those not served by the current model."

"Although we come from different backgrounds and have unique specialties, each member of the FormFree team shares a revolutionary spirit - a spirit I recognized in Jonathan Nahil immediately," said FormFree Founder and CEO Brent Chandler. "I can't think of a better person to keep our technology on the leading edge of the mortgage industry's alternative credit revolution."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index(TM) (RIKI(TM)), an innovative method for evaluating consumer creditworthiness based on residual income analysis.

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

May, 17
2023
Business, Free News Articles

Dovenmuehle taps Ron Malik as Senior Vice President of Default Servicing

LAKE ZURICH, Ill. -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that it has appointed Ron Malik as the company's new senior vice president of default servicing. In this role, Malik will oversee Dovenmuehle's special servicing initiatives and maintain a high level of compliance and service satisfaction in all areas of default servicing, aiding Dovenmuehle in its continued efforts to provide excellent service to its clients and their borrowers.

"As the mortgage industry anticipates an increase in delinquencies and foreclosures, servicers and subservicers are doubling down on their special servicing efforts to support homeowners facing hardships," Malik said. "I look forward to leveraging my experience and expertise in special servicing to increase the efficiency of Dovenmuehle's default servicing efforts without compromising customer service."

With 15 years of experience, Malik has focused on special servicing efforts since the beginning of his career. After serving as Dovenmuehle's vice president of loss mitigation & collections for almost a decade, Malik most recently served as the senior vice president of servicing administration for Wintrust Mortgage. Before his first stint with Dovenmuehle, Malik gained extensive and valuable experience in default administration during his time with HSBC Mortgage Services at the height of the subprime mortgage crisis.

"With his experience in special servicing, Ron is the perfect choice to lead the growth of Dovenmuehle's sub-performing and non-performing servicing support. With his expertise, Ron will also work to decrease costs for our clients while increasing the ways in which Dovenmuehle helps homeowners stay in their homes," said Dovenmuehle Senior Vice President of Business Development David Allison. "We are thrilled to welcome Ron back to Dovenmuehle and are confident he will again be instrumental in our special servicing efforts."

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com/.

Related link: https://dovenmuehle.com/

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

May, 16
2023
Business, Free News Articles, Product Launches, Software

Vice Capital Markets Releases Integration with Freddie Mac Income Limits API

NOVI, Mich. -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it is one of the first Freddie Mac-integrated Secondary Market Advisors (SMAs) to release an integration with Freddie Mac's Income Limits application programming interface (API). The API grants Vice Capital customers easy access to area median income (AMI) information to quickly determine if a loan meets the AMI percentage eligibility criteria for certain Credit Fee Caps.

"Affordability is top of mind for all lenders these days, and our clients are no exception," said Vice Capital President Troy Baars. "With the new integration to Freddie Mac's Income Limits API, Vice Capital allows our shared clients balance the desire to provide home financing options for mortgage-ready low to-moderate income borrowers while still meeting their secondary execution goals."

In late 2022, Freddie Mac announced targeted pricing changes, including eliminating upfront credit fees for certain borrowers and affordable mortgage products with specific limits on the borrower's income as a percentage of AMI. Integration with the Income Limits API empowers Vice Capital's clients to send income information and the property address to easily assess whether the borrower may qualify for the waiver of certain upfront credit fees. The API identifies loan criteria for the following conditions: High-Cost Area, 120% AMI, High Needs Rural Region Indicator and Rural Area Indicator.

Additionally, the API allows clients to access the area median income limit percentage for loans not currently locked in the pipeline by entering the state and zip code. Lenders can then use this information, along with Exhibit 19 Credit Fees and Exhibit 19A Eligibility Criteria for Credit Fee Caps, to determine if the loan may be eligible for a Freddie Mac Credit Fee Cap.

Income Limits is one of several integrated Freddie Mac APIs that Vice Capital leverages to help its clients extract maximum value from their relationship with Freddie Mac. Other integrated Freddie Mac APIs include Cash Purchase Settlement Statement and Cash-Released Xchange®.

"As an advisor to numerous Freddie Mac Seller/Servicers, these APIs make it tremendously easier for organizations like ours to access pricing and execute cash and guarantor commitments on behalf of our clients," Baars added. "Our long-standing SMA relationship with Freddie Mac is a point of pride for us, and we look forward to continuing to work alongside Freddie Mac to find new and innovative ways to meet our shared clients' individual secondary and capital markets needs."

About Vice Capital Markets:

Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized profitability on MBS trades and mortgage-related transactions for banks, credit unions and mortgage lenders of all sizes. With an average of more than 10 years' experience behind each of the traders on our team, Vice Capital has helped its clients realize, on average, a 25 to 55 bps improvement over their best effort execution, and Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients. Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

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

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

May, 16
2023
Advertising and Marketing, Business, Free News Articles

NotaryCam hires Suzanne Singer as Director of Sales and Marketing

NEWPORT BEACH, Calif. -- NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization and identity verification/authentication technology for real estate and legal transactions, today announced that Suzanne Singer has been appointed director of sales and marketing. In this role, Singer will be responsible for leading sales and customer success efforts focusing on large strategic relationships in the mortgage and real estate sectors.

"We are delighted to welcome Suzanne to NotaryCam. She is highly respected throughout the mortgage industry and has a proven track record in developing strategic relationships and expanding the reach of any brand with which she is associated," said NotaryCam president Brian Webster. "I have known Suzanne for years and having worked with her as an industry partner, I am eager to see the impact she has at NotaryCam. Her experience and energy are exactly the right fit for us as we look to expand our footprint and increase eClosing and remote online notarization (RON) adoption in the mortgage and real estate industries."

Singer brings more than 30 years of experience in financial services to NotaryCam after serving as senior vice president of capital markets sales at Solidifi. She has also recently held executive positions in business development and marketing at New Diligence Advisors, Clayton Holdings and Auction.com.

"NotaryCam is a respected and recognized name in the mortgage industry, and I am honored to join this team and such a strong brand," Singer said. "I look forward to helping build off the strong foundation as NotaryCam and help our clients find new ways to increase operational efficiency with RON and our eClose platform."

About NotaryCam, a Stewart Company:

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

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

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

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

May, 11
2023
Awards and Honors, Business, Free News Articles

Denver Post Names ACES Quality Management a Recipient of Colorado Top Workplaces 2023 Award

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced it has been awarded a Top Workplaces 2023 honor by Denver Post Top Workplaces.

"ACES is proud to call Colorado home. While some of our team is remote, we have a tremendously talented workforce that operates out of our corporate headquarters in Denver and the surrounding area," said CEO Trevor Gauthier. "As much as we value our customers, we hold our employees in the same regard. Our success and innovative software solutions - not to mention this honor - would not be possible without them."

The Top Workplaces list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

"Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees," said Eric Rubino, Energage CEO. "That's something to be proud of. In today's market, leaders must ensure they're allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends."

About Energage

Making the world a better place to work together.™

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 16 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations,  Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

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 retail banks; and

* 2 of the top 3 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 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

May, 10
2023
Awards and Honors, Business, Free News Articles

Melinda Harris of Down Payment Resource named a 2023 Trailblazer by PROGRESS in Lending Association

ATLANTA, Ga. -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that Director of Marketing Melinda Harris was selected to PROGRESS in Lending Association's list of 2023 Sales, Marketing and Public Relations Trailblazers. Now in its fourth year, the Trailblazers award program honors the most impactful sales, marketing and PR visionaries in the mortgage industry.

After joining DPR as a startup in 2008, Harris set her sights on raising consumer and industry awareness about how down payment assistance (DPA) programs can help people attain the dream of homeownership. By developing marketing collateral focused on debunking common myths surrounding homebuyer assistance, Harris is making DPA knowledge more mainstream and local program information easily accessible.

"Harris has been with DPR since day one - a testament to her dedication to inclusive, affordable homeownership for all," said DPR Founder and CEO Rob Chrane. "She embodies a marketing Trailblazer with her skill for crafting stories that educate and motivate players in our industry to embrace DPA."

Harris' marketing leadership has brought DPR to the forefront of the housing accessibility movement. In 2022 alone, her efforts helped drive an astounding 26,659 webinar registrations with a 43% attendance rate, more than double DPR's monthly website views, increase web conversion rates by 10% and grow Down Payment Connect subscribers by 200%.

"Being recognized as a 2023 Trailblazer by PROGRESS in Lending is an incredible honor," said Harris. "This accolade enhances my commitment to supporting DPR's lender, real estate agent, MLS and consumer listing site partners as they connect families with the financial assistance they need to build generational wealth through homeownership."

To view the complete list of 2023 Sales, Marketing and PR Trailblazers, visit https://mymortgagemindset.com/the-2023-trailblazers-award-winners-are/.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With tool sets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents. For more information, visit https://downpaymentresource.com/.

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

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

May, 09
2023
Business, Free News Articles, Real Estate

Houston Association of Realtors implements Down Payment Resource to engage homebuyers with affordable pathways to homeownership

ATLANTA, Ga. -- The Houston Association of REALTORS® (HAR) has implemented Down Payment Resource (DPR) to bring Greater Houston area homebuyers' attention to homebuyer assistance programs in the wake of declining housing affordability. Data indicates that homebuyer assistance programs can be especially impactful in the Greater Houston area, where 89% of listings are eligible for assistance and HAR reports that only 40% of households could afford to buy a home in Q4 2022.

HAR is the second largest local real estate trade association in the nation, supporting more than 49,000 Houston real estate professionals. Notably, the organization has exceptionally strong engagement with Houston residents, evidenced by its multiple listing site's (MLS) status as the only local website to rank as a top 20 real estate website in the U.S. According to DPR analysis, 70 homebuyer assistance programs are available across HAR listings, including more than 50 down payment assistance programs, as well as numerous affordable first mortgage programs, mortgage credit certificates (MCCs) and combined assistance programs.

HAR's MLS integration with DPR enables consumers to search for properties that are eligible for homebuyer assistance, and it prominently flags assistance-eligible listings. The integration also makes it easy for Realtors to learn about homebuyer assistance programs and locate assistance-eligible listings that meet their clients' needs. Additionally, HAR members have access to DPR's library of marketing resources, which helps them raise community awareness about homebuyer assistance programs that can make homeownership more affordable.

"HAR has a longstanding track record of investing in its Realtor members and the communities it serves, which is reflected in its local reputation as a trusted source of housing information," said DPR Founder and CEO Rob Chrane. "Its production of a Housing and Rental Affordability Index is especially commendable because it exposes the financial burden residents face to obtain housing at the county and city levels. HAR's commitment to understanding and meeting the needs of its market has guided its partnership with DPR, which has the potential to connect thousands of Houstonians with the stability and wealth-building benefits of homeownership."

"HAR strives to equip the community and members with resources that help homebuyers enjoy sustainable homeownership in our hometown," said HAR Chair Cathy Treviño. "We are excited to bring affordable homeownership opportunities to light and help more people achieve their dreams of homeownership."

About Down Payment Resource:

Down Payment Resource (DPR) is a nationwide database of down payment assistance and affordable lending programs. The company tracks funding status, eligibility rules, benefits and more for approximately 2,200 programs in 11 categories. Its award winning technology helps the housing industry connect more homebuyers to the down payment help they need. DPR has been recognized by Inman News as "Most Innovative New Technology" and the HousingWire Tech100(tm). DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. DPR's subscription based service, Down Payment Connect, helps agents and loan officers match buyers to available programs. For more information, please visit https://downpaymentresource.com/ and on Twitter at @DwnPmtResource.

About Houston Association of Realtors®:

Founded in 1918, the Houston Association of Realtors® (HAR) is a 50,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of Realtors® in the United States.

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

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

May, 09
2023
Business, Free News Articles

Georgeo Pulikkathara joins Dovenmuehle as Chief Information Security Officer

LAKE ZURICH, Ill. -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that it has hired Georgeo Pulikkathara as the company's Chief Information Security Officer (CISO). In this role, he will be responsible for the information security at Dovenmuehle, protecting data security and privacy, including borrowers' nonpublic personal information (NPI) and ensuring that Dovenmuehle maintains the appropriate internal systems, organization and information security controls necessary for financial reporting and protecting clients' confidential data.

"With the increasing rise in cyber threats and other threats to data security and privacy, protecting the data our clients have entrusted to Dovenmuehle is our organization's top priority," Pulikkathara said. "I take this responsibility very seriously and look forward to helping Dovenmuehle maintain its reputation for delivering industry-leading mortgage subservicing solutions with a particular emphasis on security and compliance."

Pulikkathara has more than a decade of experience as a cyber and information security executive. Prior to joining Dovenmuehle, he most recently served as the interim SVP, head of cyber security operations for Bank of the West and the CISO at DataStax, an artificial intelligence (AI) firm. Pulikkathara has also held cyber and information security positions at Avanade, Hewlett Packard and Microsoft. He is also currently a U.S. Army Reserve Lieutenant Colonel and Cyber Operations Officer having served in the Army Reserve for more than 23 years and been awarded the Bronze Star Medal twice for his actions in a combat zone.

"Georgeo's abundant depth of knowledge and experience in cyber and information security makes him the obvious choice for CISO," said Dovenmuehle Senior Vice President of Software Development George Mynatt. "He is not only a thought leader in the field, but he also has a proven track record of delivering results and mitigating risk. We expect Georgeo to have an immediate impact on Dovenmuehle and our clients and borrowers."

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

Related link: https://dovenmuehle.com/

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

May, 05
2023
Awards and Honors, Business, Free News Articles

NotaryCam’s Brian Webster named Inman Best of Finance award winner

NEWPORT BEACH, Calif. -- NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization and identity verification/authentication technology for real estate and legal transactions, today announced that NotaryCam president Brian Webster has been recognized as one of 2023's Best in Finance by Inman. The Inman Best of Finance Awards celebrate those at the forefront of the mortgage and finance space.

As President, Webster leads NotaryCam's strategic growth and focus on expanding the company's remote online notarization (RON) products and services, emphasizing increasing mortgage and real estate adoption. He has also held senior leadership positions at both Freedom Mortgage and Wells Fargo, where he led digital transformation initiatives focusing on eMortgage program implementations.

The inaugural class of Inman's Best of Finance award winners have distinguished themselves by their commitment to innovation, service and their impact on the residential lending industry. Their leadership is reshaping the mortgage space for the professional community and consumers alike. The Best of Finance Award is the latest in Inman's year-long expansion of its real estate awards program, which includes the legendary Inman Innovator Awards, first bestowed in 1998.

"It is an honor to be recognized as a leader in mortgage and finance by one of the premier publications in the real estate space," said NotaryCam president Brian Webster. "This award is a recognition of both my and NotaryCam's dedication to expanding RON and digital mortgage adoption throughout the financial services industry. As NotaryCam focuses on the future of RON and eClosing transactions, we will strive to remain one of the best service providers in finance and continue to provide the best experience possible to all our users."

Webster continues to lead NotaryCam in expanding its impact throughout the mortgage industry, and a partnership with a law firm has helped NotaryCam add loan modification transactions to its portfolio. Through this partnership, servicing clients have reduced turn times and costs, shortened the execution timeline and reduced or even eliminated the need for overnight shipping.

"For the first time in Inman history, we are shining a spotlight on the companies and individuals helping to raise the bar for mortgage and financial services. Their dedication to the communities they serve is driving change across our industry," said Emily Paquette, Inman chief executive officer.

To view the full list of Inman Best of Finance winners, visit https://www.inman.com/best-of-finance-awards.

About NotaryCam, a Stewart Company

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

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

About Inman

Inman is the leading news source for real estate agents, brokers, executives and technology leaders who gain useful advice on the industry's top stories, trends and developments that help them grow their businesses and stay ahead of the competition. With an audience of over one million professionals, Inman's pages and stages are where the industry goes to find the most innovative ideas and new business models, through our website, newsletters, events, awards, education, research, and subscriptions.

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

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

May, 05
2023
Business, Free News Articles, Software

LenderLogix enhances LiteSpeed point-of-sale platform to support communication with Spanish-speaking mortgage borrowers

BUFFALO, N.Y. -- LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today announced its streamlined point-of-sale (POS) LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.

The Urban Institute estimates that Hispanics will comprise 70% of all new homeowners by 2040. In addition, the 2022 State of Hispanic Homeownership Report from the National Association of Hispanic Real Estate Professionals (NAHREP) notes that 7.9 million Latinos aged 45 and under are mortgage-ready, with another 2.8 million who are near mortgage-ready, and that Latinos have the largest near mortgage-ready population of any racial or ethnic group. By having Spanish as a supported language option within LiteSpeed, lenders can better communicate with the Spanish-speaking subset of their limited English proficiency (LEP) borrowers to ensure they enter the homebuying process with greater confidence and a clearer understanding of the transaction.

"The data doesn't lie. Hispanic and Latino borrowers will represent a significant portion of homeownership growth over the next few decades, and lenders must prepare to serve the unique and varied needs of this demographic, including the ability to communicate in the borrower's native language when that language is something other than English," said LenderLogix Founder and CEO Patrick O'Brien. "As the second most common language spoken in the U.S. other than English, supporting Spanish within LiteSpeed just makes sense as a starting point. We foresee adding other language options to help our customers expand homeownership access to even more LEP borrowers."

With LiteSpeed, small to mid-sized lenders gain the POS functionality essential to competing effectively in today's digitally-driven mortgage market at a price point aligned with their organization's size and budgetary needs. Designed for rapid implementation and minimal internal support requirements, LiteSpeed provides borrowers a white-labeled, digitally native user experience that helps lenders gain more leads faster and increase application rates to drive conversion. As an ICE Mortgage Technology(tm) Gold Partner, LenderLogix has built a direct integration between LiteSpeed and Encompass(R) to ensure lenders can operate in a seamless environment from the first point of contact to maximize their loan origination system (LOS) investment.

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

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

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