Loan origination

Discover Home Loans and Ncontracts partner to streamline the mortgage process for customers

Retrieved on:

Thursday, April 15, 2021

Loans, Money, Finance, Economy, Loan origination, LinkedIn, Mortgage loan, Underwriting

This solution will help streamline loan originations while ensuring compliance with all applicable Federal, State, and local rate limits.\n"We\'re focused on providing a superior customer experience throughout the entire home loan process," said Nicole Straub, General Manager of Discover Home Loans.

Key Points:

This solution will help streamline loan originations while ensuring compliance with all applicable Federal, State, and local rate limits.\n"We\'re focused on providing a superior customer experience throughout the entire home loan process," said Nicole Straub, General Manager of Discover Home Loans.
"By working with Ncontracts and QuestSoft to develop LeadER, we were able to continue providing a simple and seamless application process from start to finish for our customers.
"\nBefore LeadER, if interest rates exceeded the high-cost threshold, loans were manually adjusted during underwriting, causing buyers to require re-disclosures late in the process.
For more information visit www.ncontracts.com or follow the company on LinkedIn and Twitter .\n'

Keeping College Students in School: CampusDoor Microloans Fill a Gap as Financial Pressures Mount

Retrieved on:

Thursday, March 25, 2021

Finance, Banking, Professional services, Other Education, Continuing, Training, University, Other Professional Services, Education, Loans, Microfinance, Economy, Microcredit, Loan origination

CampusDoors microloan origination platform makes it efficient and profitable to loan $500-$3,000 to students to cover laptop repairs, texts, lab fees and other unanticipated expenses.

Key Points:

CampusDoors microloan origination platform makes it efficient and profitable to loan $500-$3,000 to students to cover laptop repairs, texts, lab fees and other unanticipated expenses.
These microloans can make a meaningful differencehelping students of limited means to stay on track when the unexpected happens.
Lenders can also make the unsecured microloans available for anyone needing help with car payments, medical bills and other expenses.
The CampusDoor application and processing system for these microloans is 100% digital and dynamically generates acceptance, terms and rates according to the lenders risk parameters.

Embrace Home Loans Rolling Out SimpleNexus Homeownership Platform to 300 Retail Mortgage Loan Officers in 2021

Retrieved on:

Thursday, March 25, 2021

Loans, Money, Finance, Mortgage industry of the United States, Economy, Mortgage loan, Loan origination, Draft:Better Holdco, Predatory lending

LEHI, Utah, March 25, 2021 /PRNewswire/ --Top-ranked mortgage lender Embrace Home Loans today announced plans to roll out SimpleNexus , the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, to more than 300 retail mortgage LOs before the end of the year.

Key Points:

LEHI, Utah, March 25, 2021 /PRNewswire/ --Top-ranked mortgage lender Embrace Home Loans today announced plans to roll out SimpleNexus , the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, to more than 300 retail mortgage LOs before the end of the year.
SimpleNexus is currently the mortgage industry's leading point-of-sale platform, serving more than 300 lenders across the United States.
Embrace Home Loans is the first lender to leverage SimpleNexus in conjunction with Black Knight's Empower loan origination system (LOS).
SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process.

Cadence Bank to Implement Black Knight's Advanced, Integrated, End-to-End Technology Infrastructure to Support Its Entire Mortgage and Home Equity Origination and Servicing Business

Retrieved on:

Monday, March 22, 2021

Loans, Finance, Money, Mortgage, Loan origination, Financial services, Black Knight, Loan servicing

Cadence Bank will see the significant, cumulative benefit that comes from leveraging multiple, seamlessly integrated Black Knight solutions with embedded data and analytics to support every stage of the mortgage and home equity origination, servicing and default life cycles.

Key Points:

Cadence Bank will see the significant, cumulative benefit that comes from leveraging multiple, seamlessly integrated Black Knight solutions with embedded data and analytics to support every stage of the mortgage and home equity origination, servicing and default life cycles.
"Black Knight's reputation as a leader in innovation and customer support was instrumental in our decision-making," said Sharon Geib, president, Cadence Bank Mortgage Division.
"The company's origination and servicing technologies are truly best-in-class, and its solutions have a proven history of supporting regulatory compliance.
Cadence Bank will use Empower, a comprehensive loan origination system (LOS), to support both its mortgage and home equity business, helping electronically originate, process, underwrite and close loans on a single platform.

LenderClose Deploys HEx to Expedite, Simplify Home Equity Lending

Retrieved on:

Wednesday, March 17, 2021

HEx launched by LenderClose gives loan officers, processors or underwriters the flexibility to process and originate at a much faster rate than the traditional ways of collecting subject property collateral data.

Key Points:

HEx launched by LenderClose gives loan officers, processors or underwriters the flexibility to process and originate at a much faster rate than the traditional ways of collecting subject property collateral data.
Resulting instant gratification via a single user-interface (UI) for home equity lending teams to operate in, reduces friction in the process of loan origination.
LenderClose and its HEx solution has built-in functionality via an automated workflow providing a consolidated user-experience into a single user-interface loaded with critical collateral verification data and reports for the home equity lending process, said Andrew Deignan, vice president of product at LenderClose.
LenderClose is technology-focused home equity and real estate lending platform which injects speed and efficiencies into the lending process, greatly enhancing the borrowing experience.

IMM, Hawthorn River Lending Partner to Accelerate Digital Transformation for Community Banks

Retrieved on:

Tuesday, March 16, 2021

Professional services, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Banking, Articles, Loans, Plants, Mortgage industry of the United States, Digital technology, Digital transformation, Information society, Social change, Loan origination, Crataegus, IMM, Hawthorn River

IMM eSigns technology will now be integrated into Hawthorn Rivers end-to-end, digital loan origination platform, further streamlining and automating the lending process.

Key Points:

IMM eSigns technology will now be integrated into Hawthorn Rivers end-to-end, digital loan origination platform, further streamlining and automating the lending process.
The synergies between IMM and Hawthorn River were immediately evident, and we are pleased to partner with another technology provider that is focused exclusively on helping community financial institutions accelerate their digital transformation, said Jon Rigsby, Co-Founder and CEO of Hawthorn River.
Our partnership with Hawthorn will continue our mission to lead digital transformation for the banking community.
From streamlining the end-to-end lending process to automating specific steps along the way, Hawthorn River helps community banks increase productivity, reduce regulatory risk and elevate the borrower experience.

Motor City Community Credit Union partners with Doxim to Add Self-Service Account Opening and Loan Origination

Retrieved on:

Thursday, March 4, 2021

Loans, E-commerce, Marketing, Omnichannel, Loan origination, Economy

4, 2021 /PRNewswire-PRWeb/ --Doxim ( http://www.doxim.com ), the leading customer communications management (CCM) and engagement technology provider serving financial and regulated markets, today announced that Motor City Community Credit Union ( http://www.mcccu.com ) has selected Doxim Self-Service Account and Loan Origination, a further step towards creating a true omnichannel experience for Motor City members.

Key Points:

4, 2021 /PRNewswire-PRWeb/ --Doxim ( http://www.doxim.com ), the leading customer communications management (CCM) and engagement technology provider serving financial and regulated markets, today announced that Motor City Community Credit Union ( http://www.mcccu.com ) has selected Doxim Self-Service Account and Loan Origination, a further step towards creating a true omnichannel experience for Motor City members.
It integrates seamlessly with Doxim User-Assisted Loan Origination, which is a core component of the credit union's existing technology stack.
For over 80 years, Motor City Community Credit Union has provided full financial services to Windsor and Essex County.
Local decision-making and putting people before profits remains a priority for Motor City Community Credit Union, now and into the future.

MK Decision Partners with First Bank of Alabama for Credit Card Origination System

Retrieved on:

Thursday, March 4, 2021

Money, Loans, Finance, Financial services, Banking in the United States, Mortgage industry of the United States, Loan origination, Independent Community Bankers of America, Credit card, Community bank

SAN DIEGO, March 4, 2021 /PRNewswire-PRWeb/ -- MK Decision (MK), a FinTech provider of digital account opening and loan origination , partnered with First Bank of Alabama , a $719 million-asset community bank in Alabama, to transform their institution's credit card program from paper applications to digital customer onboarding.

Key Points:

SAN DIEGO, March 4, 2021 /PRNewswire-PRWeb/ -- MK Decision (MK), a FinTech provider of digital account opening and loan origination , partnered with First Bank of Alabama , a $719 million-asset community bank in Alabama, to transform their institution's credit card program from paper applications to digital customer onboarding.
After being introduced by ICBA Bancard , the payments subsidiary of the Independent Community Bankers of America (ICBA), First Bank of Alabama implemented MK's Credit Card Origination System (CCOS) to provide an online shopping experience for their credit card customers and streamlined underwriting processes for their internal teams.
In addition to improving their online customer experience , First Bank of Alabama invested in their internal teams by introducing a loan origination system with real-time credit decisioning.
To foster long-lasting relationships with future generations, First Bank of Alabama looks to MK as inspiration for their digital roadmap.

Lodasoft Now Offering Single-Click Dual AUS Submissions for Freddie Mac & Fannie Mae

Retrieved on:

Wednesday, February 24, 2021

Commercial Building & Real Estate, Technology, Construction & Property, Finance, Professional services, Software, Internet, Electronic design automation, Residential Building & Real Estate, Loans, Finance, Money, Economy of the United States, Fannie Mae, Mortgage loan, Loan origination, Mortgage industry of the United States, Mortgage underwriting in the United States

Lodasoft , a Digital Workflow Platform designed by mortgage veterans to revolutionize loan origination and task automation, today announced it is now offering single-click submissions of loan data to both Freddie Mac and Fannie Maes automated underwriting systems (AUS), delivering greater transactional ease and operational efficiency.

Key Points:

Lodasoft , a Digital Workflow Platform designed by mortgage veterans to revolutionize loan origination and task automation, today announced it is now offering single-click submissions of loan data to both Freddie Mac and Fannie Maes automated underwriting systems (AUS), delivering greater transactional ease and operational efficiency.
Additionally, the dual-AUS submission and review process will allow lenders to maximize loan fungibility in the secondary market and improve loan quality through automation.
By submitting loan data via a single click to both Freddie Mac and Fannie Mae, lenders can see the full view of options available to their borrowers and ultimately deliver an improved experience.
Lodasoft is an award-winning and highly acclaimed mortgage task automation software designed by mortgage veterans to enhance productivity and quality.

CoreLogic Launches New Digital Title and Closing Solution to Accelerate Mortgage Origination Workflow and Improve the Borrower Experience

Retrieved on:

Thursday, February 18, 2021

Professional services, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Banking, Loans, Money, Finance, Mortgage industry of the United States, CoreLogic, Economy, Mortgage loan, Loan origination

CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced the launch of its new digital Title and Closing Solution.

Key Points:

CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced the launch of its new digital Title and Closing Solution.
With its new digital Title and Closing Solution, CoreLogic is able to help lenders accelerate their existing title processes by automating dozens of manual steps delivering a faster, less costly and more reliable origination workflow.
Traditionally, mortgage lenders have had to manually re-key dozens of separate pieces of property information from PDF copies of title documents prior to closing a loan.
Most lenders have paid teams of employees to review these documents and then re-type this title information into their loan origination systems (LOS).