ENotes | Jotup

New Research: Lenders Using the Snapdocs eClosing Platform Experience 18-Day Faster Loan Velocity than Industry Peers

Retrieved on:

星期一, 四月 22, 2024

Technology, Construction & Property, Finance, Fintech, Banking, Professional Services, Software, Other Construction & Property, Artificial Intelligence, Residential Building & Real Estate, ENotes, NMLS, National Mortgage News, Research, MERS, Elevations Credit Union, Partnership, The Need for Speed, Real estate

Snapdocs , the mortgage industry’s leading digital closing provider, released new third-party research revealing lenders using its eClosing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market.

Key Points:

Snapdocs , the mortgage industry’s leading digital closing provider, released new third-party research revealing lenders using its eClosing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market.
Lender participants using the Snapdocs eClosing platform averaged only 41.1 days from application to closing and 11 days from closing to shipping—a 26% overall improvement.
“Mortgage lenders utilizing the Snapdocs eClosing platform outperformed their participant peers across all three metrics.”
Many factors, including employee productivity and efficient processes, can improve loan velocity throughout the loan life cycle.
However, STRATMOR Group’s research indicates that one factor among the fastest lenders is selection of partners, including the use of the Snapdocs eClosing platform.

Hitachi Achieves Paperless Operations with E Ink’s eNotes

Retrieved on:

星期二, 三月 26, 2024

E Ink (8069.TW) the originator, pioneer, and global commercial leader in ePaper technology, today announced its collaboration with Hitachi, Ltd. to achieve digital transformation and paperless operations in manufacturing sites at Omika Works.

Key Points:

E Ink (8069.TW) the originator, pioneer, and global commercial leader in ePaper technology, today announced its collaboration with Hitachi, Ltd. to achieve digital transformation and paperless operations in manufacturing sites at Omika Works.
E Ink is helping to improve workflow and efficiency by deploying eNotes developed by E Ink's subsidiary, Linfiny Japan Inc., on Hitachi's IoT platform.
View the full release here: https://www.businesswire.com/news/home/20240322112059/en/
The eNote developed by E Ink subsidiary Linfiny Japan Inc. can help improve workflow and increase efficiency.
The introduction of ePaper has proven not only to enable paperless operations but also to prevent checks from being omitted and to enhance management through the utilization of the input data.

New Research Reveals Large Gap Between eClose Technology Investment and Adoption

Retrieved on:

星期三, 九月 20, 2023

A survey of 100 top mortgage lenders identifies key trends, challenges, and best practices to adopting eClosing technology in the mortgage industry.

Key Points:

A survey of 100 top mortgage lenders identifies key trends, challenges, and best practices to adopting eClosing technology in the mortgage industry.
It found that 74% of lenders have invested in eClose technology, but only 28% of those offering eClosings have achieved an adoption rate above 60%.
Within the survey, lenders cited the challenges to achieving strong digital closing adoption are the perceived technology costs and limitations regarding security, integration capabilities, support for staff training.
“Attaining high eClose adoption at scale requires more than just offering capable technology,” said Snapdocs CEO Michael Sachdev.

Viant Eye Releases First SMART Doc Version 3 Verifiable profile Plug-in Platform for Title and Mortgage Industry

Retrieved on:

星期三, 八月 16, 2023

EMortgage, ENotes, EVault, Eye, MISMO, Surveying

HOUSTON, Aug. 16, 2023 /PRNewswire-PRWeb/ -- Viant Eye, a leading technology innovator in the mortgage and title industry, is thrilled to announce the launch of 'TrueFile' - its V3 SMART Doc® generation and validation platform. TruFile is set to transform mortgage transactions, introducing new levels of efficiency and compliance to the sector. The platform replaces traditional documents – documents that need to be scanned, keyed-in, and/or verified - with data and the document view in one package which instead ensures that the document always reflect accurate data that can easily be auto-verified and controlled from origination to recording.

Key Points:

Viant Eye announces its MISMO V3 SMART Doc generation and validation platform, designed to transform the mortgage industry with enhanced efficiency and compliance, enabling non-SMART Doc platforms to generate and accept SMART Docs in line with the latest MISMO standards.
HOUSTON, Aug. 16, 2023 /PRNewswire-PRWeb/ -- Viant Eye, a leading technology innovator in the mortgage and title industry, is thrilled to announce the launch of 'TrueFile' - its V3 SMART Doc® generation and validation platform .
Our vision is to empower the future of the mortgage industry, by enabling industry platforms to pivot towards electronic mortgage transactions that fully leverage SMART Docs.
"Our team at Viant Eye is excited to lead the efforts in SMART Doc development and introduce the first SMART Doc platform that elevates non- SMART Doc platforms towards the next generation of mortgage documents," said Partner Chris Trujillo.

Planet Financial Group Reports Gains in Origination, Servicing, Asset Management

Retrieved on:

星期四, 八月 10, 2023

MSR, Government National Mortgage Association, DSCR, ENotes, SFR, Acquisition, Financial adviser, Real estate, Beauty salon, Q3, Refinitiv, Planet

MERIDEN, Conn., Aug. 10, 2023 /PRNewswire/ -- In the second quarter of 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, reported double-digit growth in origination, servicing and asset management.

Key Points:

MERIDEN, Conn., Aug. 10, 2023 /PRNewswire/ -- In the second quarter of 2023, Planet Financial Group, LLC , parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC , reported double-digit growth in origination, servicing and asset management.
"Planet experienced double-digit organic growth, while we continued to take advantage of select acquisition opportunities during the second quarter of 2023," said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending.
Planet Home Lending's servicing portfolio ended the quarter at $96.94 billion, up 26% from $77.03 billion at Q1 2023.
In the second quarter of 2023, Planet Management Group increased the volume of managed assets by more than 25% and welcomed several new residential and commercial clients to the platform.

Docutech’s Solex® eClosing Solution Earns MISMO Certification

Retrieved on:

星期四, 五月 18, 2023

Docutech, a First American company and a leading provider of document, eSign, eClose and print fulfillment technology , today announced its Solex® eClosing platform has achieved MISMO® eClosing certification, confirming that the platform and its policies and procedures have met or exceeded a comprehensive set of industry standards established by MISMO, the real estate finance industry’s standards organization.

Key Points:

Docutech, a First American company and a leading provider of document, eSign, eClose and print fulfillment technology , today announced its Solex® eClosing platform has achieved MISMO® eClosing certification, confirming that the platform and its policies and procedures have met or exceeded a comprehensive set of industry standards established by MISMO, the real estate finance industry’s standards organization.
MISMO eClosing certification standards provide a common language for exchanging data and information among mortgage industry participants, helping encourage broader adoption of digital mortgage solutions.
Docutech has also recently renewed MISMO’s remote online notarization (RON) certification, another certification within MISMO’s eMortgage Technology Certification Program.
“Earning the MISMO eClosing certification for our Solex eClosing platform reaffirms our leadership of the digitization of mortgage processes as we help our clients provide their borrowers a simpler, more convenient experience.”
Docutech’s Solex eClosing solution enables lenders to digitize their closing process from the initial delivery of the closing document package through settlement and post-closing.

Ed-Tech Company eNotes Launches AI Fact Check Service to Pair with AI “Instant Answers”

Retrieved on:

星期四, 五月 11, 2023

Primary, Secondary, Education, Technology, Software, Artificial Intelligence, Internet, University, Instant answer, Learning, AI, Student, ENotes, Humanities, Research, Blog, Online shopping, Book

eNotes has decided to dual-track its online educational software by marrying the best of both worlds – AI tools with human direct help.

Key Points:

eNotes has decided to dual-track its online educational software by marrying the best of both worlds – AI tools with human direct help.
As one of the internet's most-visited Literature and Humanities websites, eNotes has been a leader in the online education space for over a decade.
Every eNotes member gets unlimited access to AI answers and can purchase fact-checks as part of their subscription.
We’ve posted a real fact check on our blog to show just how this process works.

E Ink Launches E Ink Kaleido™ 3 Outdoor ePaper Technology

Retrieved on:

星期一, 四月 10, 2023

E Ink (8069.TWO), the originator, pioneer, and global commercial leader in ePaper technology, today announced its latest color ePaper technology, E Ink Kaleido™ 3 Outdoor.

Key Points:

E Ink (8069.TWO), the originator, pioneer, and global commercial leader in ePaper technology, today announced its latest color ePaper technology, E Ink Kaleido™ 3 Outdoor.
View the full release here: https://www.businesswire.com/news/home/20230410005208/en/
E Ink Kaleido 3 Outdoor ePaper technology.
When used for outdoor information displays, E Ink Kaleido 3 Outdoor color ePaper allows for quick and easy updates of information.
“Building on E Ink Kaleido's technology, E Ink has dedicated itself to developing wide-temperature color ePaper technology suitable for outdoor applications, which can meet customers' expectations for dynamic display, energy saving, environmental protection, and non-light pollution in outdoor advertising."

Wolters Kluwer Compliance Solutions shares digital lending adoption insights

Retrieved on:

星期四, 三月 23, 2023

Legal, Technology, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Analytics, Grace note, Wolters Kluwer, Digital technology, ENotes, ROI, Eclose, Risk, Kenneth E. Wilzbach, Real estate, Pulse

“There’s no question that cost and margins are top of mind with our customers, and using eNotes addresses both of these concerns,” says Kevin Wilzbach, director, product management at Wolters Kluwer Compliance Solutions, in a HousingWire interview, “ Taking the Pulse on eNotes ,” on the state of digital technology adoption and the future of eNotes.

Key Points:

“There’s no question that cost and margins are top of mind with our customers, and using eNotes addresses both of these concerns,” says Kevin Wilzbach, director, product management at Wolters Kluwer Compliance Solutions, in a HousingWire interview, “ Taking the Pulse on eNotes ,” on the state of digital technology adoption and the future of eNotes.
“But eClosings also mitigate risk and support a focus on improved customer experience,” he says.
Wilzbach notes that a number of the country’s largest lenders are increasingly embracing digital, having seen the value of digital closings in their refinance options over the past several years, with increased pick up of solutions that support digital home equity lending.
“Just as importantly, we must recognize that the move to digital lending is a journey, not a sprint.

BMO's U.S. Residential Mortgage Refinancing Now with Fully Digital Capabilities

Retrieved on:

星期三, 一月 18, 2023

Digital, Federal Home Loan Banks, Blend, Digital first, Eighth note, Partnership, Growth, Close, ENotes, BMO, Hotel manager, Online shopping, Real estate, Bank

BMO will leverage digital mortgage technology provider Blend's mortgage eNotes capabilities and its Close product to allow customers the ability to complete their mortgage refinancing from anywhere at any time.

Key Points:

BMO will leverage digital mortgage technology provider Blend's mortgage eNotes capabilities and its Close product to allow customers the ability to complete their mortgage refinancing from anywhere at any time.
BMO is the first bank to offer electronic close on mortgage refinancing in the U.S. with Federal Home Loan Bank of Chicago (FHLBank Chicago), which involves signing mortgage documents digitally.
Now, to enhance the end-to-end digital experience, BMO customers in certain jurisdictions can review and sign documents to finalize a loan all online.
This feature also complements a host of digital home lending capabilities and tools focused on helping its customers make real financial progress, including BMO's online loan application and refinancing capabilities, prequalification application, and its mortgage calculator tools .