Loan origination

January ICE Mortgage Technology Origination Insight Report Shows Continued Refinance Market Growth as Interest Rates Further Decline

Retrieved on: 
Wednesday, February 17, 2021
Data management, Residential Building & Real Estate, Technology, Construction & Property, Professional services, Other Technology, Software, Networks, Internet, Other Construction & Property, Finance, Loans, Mortgage industry of the United States, Money, Finance, Loan origination, Mortgage loan, Economy, the Origination Insight Report by ICE Mortgage Technology, ICE Mortgage Technology

Interest rates on all closed loans continued to decline in January to 2.88 percent, down from 2.93 percent in December, according to the latest Origination Insight Report from ICE Mortgage Technology, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry.

Key Points: 
  • Interest rates on all closed loans continued to decline in January to 2.88 percent, down from 2.93 percent in December, according to the latest Origination Insight Report from ICE Mortgage Technology, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry.
  • The 30-year rate on conventional loans continued its steady decline, dropping to 2.91 percent from 2.96 percent in December.
  • ICE Mortgage Technology believes the Origination Insight Report is a strong proxy of the underwriting standards employed by lenders across the country.
  • In addition to the Origination Insight Report, ICE Mortgage Technology also distributes data from its monthly Millennial Tracker on the first Wednesday of each month.

Floify Releases Native E-Signature Solution for Disclosure Desk

Retrieved on: 
Wednesday, February 17, 2021
Loans, Mortgage industry of the United States, Loan origination

BOULDER, Colo., Feb. 17, 2021 /PRNewswire-PRWeb/ -- Floify , the leading provider of digital loan origination technology, announced today it has released a major update to Floify E-Sign, the company's popular native e-signature solution, to include support for Disclosure Desk.

Key Points: 
  • BOULDER, Colo., Feb. 17, 2021 /PRNewswire-PRWeb/ -- Floify , the leading provider of digital loan origination technology, announced today it has released a major update to Floify E-Sign, the company's popular native e-signature solution, to include support for Disclosure Desk.
  • Floify E-Sign for Disclosure Desk enables enterprise lenders to seamlessly integrate their existing loan origination system (LOS) with Floify and the platform's built-in e-signature solution to create a mobile-friendly point-of-sale (POS) system that streamlines the origination and disclosure process.
  • With Floify E-Sign for Disclosure Desk, lenders can empower borrowers complete their loan application and upload, review and electronically sign their disclosure documents from one secure, mobile-responsive interface.
  • "Floify E-Sign for Disclosure Desk offers a true win-win for enterprise lenders and borrowers alike," said Floify CEO Dave Sims.

AIO and Finastra awarded $1M grant from the BIRD Foundation to expedite banks' customer onboarding and loan origination

Retrieved on: 
Thursday, February 11, 2021
Loans, Finance, Money, Finastra, Mortgage industry of the United States, Loan origination, Äio, Financial services

Our solution enables financial institutions to try to meet that demand, but also make lending decisions that are compliant, timely and cost-efficient.

Key Points: 
  • Our solution enables financial institutions to try to meet that demand, but also make lending decisions that are compliant, timely and cost-efficient.
  • With this generous grant, AIO and Finastra will be able to better deliver an even more robust and impactful solution."
  • "We are proud to support the project between AIO and Finastra to improve loan origination and reduce time and costs to both loan applicants and financial institutions," said Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation.
  • AIO accelerates customer screening and onboarding by up to 80% and saves costs through digital collection and verification of financial identity documents.

AIO and Finastra awarded $1M grant from the BIRD Foundation to expedite banks' customer onboarding and loan origination

Retrieved on: 
Thursday, February 11, 2021
Loans, Finance, Money, Finastra, Mortgage industry of the United States, Loan origination, Äio, Financial services

Our solution enables financial institutions to try to meet that demand, but also make lending decisions that are compliant, timely and cost-efficient.

Key Points: 
  • Our solution enables financial institutions to try to meet that demand, but also make lending decisions that are compliant, timely and cost-efficient.
  • With this generous grant, AIO and Finastra will be able to better deliver an even more robust and impactful solution."
  • "We are proud to support the project between AIO and Finastra to improve loan origination and reduce time and costs to both loan applicants and financial institutions," said Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation.
  • AIO accelerates customer screening and onboarding by up to 80% and saves costs through digital collection and verification of financial identity documents.

Latest Release of Doxim CEM Delivers an Engaging and Modern Digital Origination Experience

Retrieved on: 
Monday, February 8, 2021
Marketing, Economy, Microeconomics, Loans, Loan origination, Mortgage industry of the United States, Origination, Customer experience

Designed specifically for Financial Service Institutions, including wealth management firms, banks and credit unions, Doxim CEM delivers a suite of integrated solutions that span the customer lifecycle to create an engaging, modern customer experience.

Key Points: 
  • Designed specifically for Financial Service Institutions, including wealth management firms, banks and credit unions, Doxim CEM delivers a suite of integrated solutions that span the customer lifecycle to create an engaging, modern customer experience.
  • "The winter release of Doxim CEM represents an exciting milestone for Doxim with continued focus on the development of digital origination capabilities.
  • With the newest addition of end-to-end self-service loan origination, Doxim Digital Origination offers the most robust and complete origination technology in its market," said Sean Kennelly, Vice President of Product.
  • Supports unsecured and secured lending products via third-party digital origination tools such as Mobetize, among others.

MK Decision Democratizes Banking Industry with Digital Account Opening Platform

Retrieved on: 
Wednesday, February 3, 2021
Finance, Money, Financial services, Banks, Deposit account, Loan origination, Savings account

SAN DIEGO, Feb. 3, 2021 /PRNewswire-PRWeb/ -- MK Decision (MK) introduced digital account opening as an expansion to its industry-leading credit card , personal loan , and indirect loan origination system .

Key Points: 
  • SAN DIEGO, Feb. 3, 2021 /PRNewswire-PRWeb/ -- MK Decision (MK) introduced digital account opening as an expansion to its industry-leading credit card , personal loan , and indirect loan origination system .
  • With megabanks controlling 69% of the online account opening market ( Forbes, 2020 ), MK responded with an affordable, digital platform to secure checking & savings account market share for community financial institutions.
  • By launching online account creation, MK has doubled down on its mission to facilitate quality deposits and loans in an effort to strengthen local economies.
  • In preparation for this market demand, MK launched its digital account opening product to build awareness for its customer's product offerings, grow interest, and increase conversions online.

SharperLending Partners with Integra Software Systems To Deliver Real Estate Appraisals to Lenders via Appraisal Firewall

Retrieved on: 
Wednesday, February 3, 2021
Finance, Banking, Professional services, Technology, Software, Loans, Mortgage industry of the United States, Mortgage, Real estate appraisal, Loan origination, Appraisal, Mortgage loan

Mortgage technology provider SharperLending Solutions announced today that it has partnered with Integra Software Systems to integrate the Appraisal Firewall web-based real estate appraisal software to Integras Loan Origination System.

Key Points: 
  • Mortgage technology provider SharperLending Solutions announced today that it has partnered with Integra Software Systems to integrate the Appraisal Firewall web-based real estate appraisal software to Integras Loan Origination System.
  • Appraisal Firewall is the first appraisal vendor of its kind to complete a full system to system integration and be available to lenders within Integra.
  • The partnership enables Integras lender clients to get completed real estate appraisals faster, reduce appraisal costs and turn-times, and access a variety of valuation solutions for diverse lending products.
  • SharperLending provides financial technology software solutions to channel partners and lending institutions to increase efficiency, mitigate risk, and offer affordability.

Avanze Tech Labs Launches STACX to Modernize End-to-End Post Closing

Retrieved on: 
Tuesday, February 2, 2021
Loans, Mortgage industry of the United States, ISO/IEC 27001, Loan origination, Mortgage loan

The technology leverages an open API framework to integrate with existing document management systems and loan origination softwares (LOS).

Key Points: 
  • The technology leverages an open API framework to integrate with existing document management systems and loan origination softwares (LOS).
  • "Post-closing has been an ignored sector in the digital mortgage evolution, and we saw an opportunity to better serve the industry," Avanze Tech Labs' President and CEO Auvese Pasha said.
  • STACX is free for up to five loan packages under the basic subscription and offers tiered pricing based on loan volume.
  • Avanze complies with industry-best information security practices and is SOC 2 Type II, ISO 27001 & ISO 9001 certified organization.

ICE Mortgage Technology Origination Insight Report Sees Interest Rates Reach Historical Low in December as Refinances Continue to Surge

Retrieved on: 
Thursday, January 21, 2021
Software, Networks, Internet, Professional services, Data management, Other Construction & Property, Technology, Residential Building & Real Estate, Construction & Property, Other Professional Services, Finance, Other Technology, Loans, Finance, Money, Mortgage, Economy, Loan origination, Mortgage loan, Refinancing, Intercontinental Exchange, the Origination Insight Report by ICE Mortgage Technology, ICE Mortgage Technology

This is according to the latest Origination Insight Report from ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry.

Key Points: 
  • This is according to the latest Origination Insight Report from ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry.
  • Interest rates continued to decline at the end of 2020, driving the growing share of refinances for another month, said Joe Tyrrell, president of ICE Mortgage Technology.
  • ICE Mortgage Technology believes the Origination Insight Report is a strong proxy of the underwriting standards employed by lenders across the country.
  • In addition to the Origination Insight Report, ICE Mortgage Technology also distributes data from its monthly Millennial Tracker on the first Wednesday of each month.

Indecomm Client UCBI Implements BotGenius™ to Automate Middle Office Mortgage Operations

Retrieved on: 
Tuesday, January 12, 2021
Loans, Mortgage industry of the United States, Money, Finance, Economy, Mortgage loan, Loan origination, Mortgage broker, Mortgage bank

BotGenius is a collection of software robots pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes, and workflows in the mortgage industry.

Key Points: 
  • BotGenius is a collection of software robots pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes, and workflows in the mortgage industry.
  • However, the bulk of the time and expense in the mortgage loan origination process is in the "middle office", or processing and underwriting.
  • The "middle office" also provides mortgage lenders with the biggest opportunity for gaining efficiencies, yet it is the hardest part of the mortgage loan lifecycle to automate.
  • To learn more about Indecomm's BotGenius solutions and how you can automate your middle office mortgage workflows, visit the corporate website at https://mortgage.indecomm.net/botgenius/
    Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry.