Ellie Mae Celebrates Velocify Acquisition

first_img Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles in Featured, News, Technology October 9, 2017 1,178 Views Print This Post digital mortgage Ellie Mae mortgage Technology Velocify 2017-10-09 rachelwilliams Demand Propels Home Prices Upward 2 days ago Home / Featured / Ellie Mae Celebrates Velocify Acquisition Ellie Mae Celebrates Velocify Acquisition The Best Markets For Residential Property Investors 2 days ago Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] Previous: New York City Delinquencies Show Record Rise in Q3 2017 Next: THL Completes Majority Acquisition of Ten-X Ellie Mae®, a cloud-based platform for the mortgage finance industry based in Pleasanton, California, announced that it has completed its acquisition of Velocify, a sales acceleration platform. The company’s acquisition was spurred in part to align with Ellie Mae’s goal to offer a fully digital mortgage.“Going forward Ellie Mae will integrate Velocify’s lead management, engagement and distribution capabilities withEllie Mae’s Encompass CRM’s unique approach to automated one-to-one personalized marketing and the Encompass Consumer Connect digital consumer experience,” Ellie Mae said in a release.Jonathan Corr, President and CEO of Ellie Mae, also commented on the news, saying, “Ellie Mae’s North Star is to automate everything automatable for the residential mortgage industry, and we believe that a true digital mortgage must encompass the entire loan lifecycle, from targeted marketing automation to lead generation to application to automated investor delivery. The acquisition of Velocify accelerates our delivery of a true digital mortgage solution for the industry.”Upon the announcement of the acquisition it was also released that Nick Hedges, former president and CEO of Velocify will move into the role of SVP of Ellie Mae. “Velocify and Ellie Mae are longtime partners in the mortgage space thanks to our integration with their Encompass solution. We’re both fueled by the mission to simplify and speed up the mortgage process to help lenders originate more loans, lower costs and reduce time to close,” said Hedges.center_img Tagged with: digital mortgage Ellie Mae mortgage Technology Velocify Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Rachel Williams Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Subscribelast_img read more

Disaster Playbook

first_img in Daily Dose, Featured, Magazine, Print Features Related Articles Alan Jaffa disaster playbook magazine features 2018-01-11 Alan Jaffa The Best Markets For Residential Property Investors 2 days ago Tagged with: Alan Jaffa disaster playbook magazine features Share Save Disaster Playbook Demand Propels Home Prices Upward 2 days ago About Author: Alan Jaffa Previous: HUD’s Carson: ‘We Know How to End Homelessness’ Next: District Judge Sides With President Trump on CFPB Director Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Disaster Playbook Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Editor’s note: This story was originally featured in the January issue of DS News, out now.The secret to being a successful team is being prepared. For professional sports like football, that means updating and studying an extensive playbook where coaches and players keep a record of their plays or a plan of action to learn and memorize for use during a game. Playbooks serve as a mental blueprint or diagram for every player on the field. These plays are extensively practiced and reviewed before being applied during a game, so every player knows what to do when each play is called. They have specific assignments and follow them accordingly.Like the playbooks created by football teams, the mortgage servicing industry needs to establish guidelines and continuously update them when managing their portfolios following a major storm or disaster. These guidelines will alleviate some of the challenges and answer questions when managing properties both for current loans and those in default. The most recent hurricane season was unprecedented and when coupled with disasters like the wildfires in California, a coordinated strategic approach is necessary to protect properties. Property preservation companies are on the front lines when disasters hit and offer ongoing communication and information before, during, and after a natural disaster. Progressive companies will utilize data and technology to help servicers make better business decisions.PLAY 1: CALL ON THE FIELDBefore disasters strike, mortgage servicers look to their property preservation companies in the field to advise them on the potential path of destruction and which assets are at risk. Doing so helps servicers understand what areas may be impacted so they can prepare for sound, data-based business decisions when ordering inspections and dealing with the impact of a natural disaster.The first line of defense is communication. Property preservation companies need to engage their mortgage servicing partners with customized, ongoing disaster updates. Researching projected impacted areas, pulling news articles on impending storms or fires, and comparing that information to the servicers’ portfolios is key to providing them with as much information as possible so they can make better business decisions.Utilizing information from inspectors in the field narrows the scope of properties impacted and can potentially save servicers’ money on what properties actually need attention. Using damage-level mapping algorithms, companies can compare the client’s delinquent and current loan portfolios to the data of which areas were impacted using property information tied to ZIP Code assessments based on damage levels.But analyzing data does not stop there. Once the disaster strikes, damage assessments need to be updated on a daily basis for the servicers to effectively manage their portfolios. Property preservation companies also need to get a better understanding of how clients want to interact with impacted borrowers with current loans. This is relatively unfamiliar territory for those companies and their inspector networks who typically only complete services on vacant properties. Also, many servicers choose to inspect current Federal Housing Administration loans, but investors do not pay for these additional inspections. Property preservation companies need to work with their servicing partners on billing and whether the borrower will be assessed the cost of the inspections. Currently, Fannie Mae and Freddie Mac are the only investors that will reimburse for inspections on current assets during major storms or disasters. In addition to understanding the interaction with borrowers, property preservation companies need to be aware of their servicing clients’ objectives and realize that ordering inspections on current loans is a major system change on their side. There is an established system in place for delinquent accounts that sets off a nearly automated workflow. However, that functionality does not typically exist for current portfolios. Another concern is ensuring inspector requests meet requirements for Fannie Mae and Freddie Mac for both current and delinquent properties to ensure proper reimbursement from the investor.Some servicers also give allowables for relief orders to assist borrowers if the property is current and occupied and to aid delinquent properties in damage mitigation. This includes things like pulling out carpet before mold growth. Property preservation companies can help borrowers find a contractor who can perform those services quickly.After a major disaster, it is critical for property preservation companies to have regular conversations with their servicing clients to ensure everyone has the latest information and is on the same page. An effective best practice after the disaster hits is for the preservation company to host industry calls so their staff can have direct conversations with key people in the servicing world.The purpose of these calls is to provide the latest impact update and assist mortgage servicers on when and where to order inspections to aid in cost control. It also helps in sharing resources and capacities in completing these additional inspections. The call also serves as a way to update servicers on what it really looks like on the ground after the storm. Servicing clients can ask questions, voice concerns, and collaborate in developing best practices to manage these added inspections and services. They can also learn more about the technology, data, and mapping tools that will help them in determining next steps and the course of action following a major disaster.PLAY 2: HAVING THE RIGHT EQUIPMENTTechnology and data are the key attributes to effective disaster management before, during, and after a disaster. Mortgage servicers are looking to assess the damage to both their current and delinquent properties as quickly as possible. But this is a challenge, especially in cases like Puerto Rico following Hurricane Maria last September, when many of the impacted areas were inaccessible because of downed trees and power lines, and washed-out or closed bridges and roads.Overhead imaging serves as an alternative when property preservation inspectors cannot access properties in areas impacted by disasters. Satellite and airplane flyovers are very expensive and require third-party assistance. The use of drones in property preservation has been a topic of interest in recent years. They served as additional components in information and image gathering after the string of hurricanes in Texas, Florida, and especially Puerto Rico in 2017. Property preservation companies’ inspector networks were able to utilize them as a cost-effective way to perform initial damage assessments.Utilizing the imagery captured both overhead by drones and through their inspector networks, property preservation companies can overlay it geographically. Client portfolio information and satellite imagery are imported into mapping tools to determine which properties were potentially affected. Information from the U.S. Geographical Survey (USGS) is utilized for information on conditions such as wind speeds and flooding. The servicers use that analysis to address their portfolios and proactively assist their customers.Mobile technology and smart scripting play an important role in assessing property damage following a major disaster. The scripts can easily be adjusted to ensure inspectors gather the appropriate information and photos. That information comes into the property preservation company’s automated workflow system and the damage is assessed quickly to determine which properties require immediate attention. Servicers are notified of the results quickly and advised on how to proceed.In addition to delinquent properties they normally service, preservation companies also need to geocode servicers’ properties that have current loans. They typically will utilize longitude and latitude coordinates from the address to identify the property’s geolocation, a process similar to locating and performing services on a vacant or abandoned property. This creates a pin on the map to provide an intricate overlay identifying sectors that are damaged, with data sourced from the inspectors’ mobile devices. Property damage is categorized as light, moderate, or heavy and is sent to the servicer to help establish the best course of action. Heat maps are created based on inspection data as a visual aid for servicers, along with custom reports to help assess property damage.An important thing to note after major disasters strike is that inspection volumes increase dramatically for property preservation companies. In some cases, this means an almost 1,000 percent increase in the number of inspections per month. To prepare, the preservation companies’ systems and infrastructure must be built to rapidly scale up. This also is the case for the preservation companies’ inspector and contractor networks, who face additional increases and challenges when a disaster occurs.PLAY 3: BUILDING YOUR SPECIAL TEAMSFollowing the storms or disasters, property preservation companies need to assess the needs of their inspector and contractor networks in that area. They should evaluate capacity, number of crews available, and other resources needed. Often, because those inspectors and contractors in the area of the storms or disasters have been impacted themselves, preservation companies need to reallocate resources—move internal staff or field quality control (FQC) representatives into impacted areas or relocate inspectors from other areas to assist for an estimated 30 to 60 days.Internal staff members from preservation companies are there to help with business continuity within the existing network when disasters strike. They ensure vendors have what they need in the field, including generators, clearboarding, and cleaning supplies. In Puerto Rico, FQC representatives took satellite backpacks with built-in WiFi to inspectors to help submit inspection results and photos. However, it is almost impossible to prepare for a Puerto Rico-type disaster. The FQC representatives had difficulty finding hotels or condos with electricity and running water. Many of the hotels were using generators that had to be shut down for several hours a day for maintenance. While in Puerto Rico, Safeguard’s eight FQC representatives hosted multiple on-site recruiting events for the company’s contractors in the area. They also offered training for current contractors filling in as inspectors and for those who had been recruited.But all of the added help and supplies are not without an additional cost. Postimpact surge pricing or flexible prices for products or services based on current market demands include the costs that out-of-area vendors incur because they are working remotely and must pay for things like hotel stays and food, and may take extra time for the inspections because they do not know the area very well. Also, the scope of inspection is greater after a disaster or major storm, and there are limited supplies or increases in daily expenses, like fuel, due to shortages.Several weeks after a major storm or disaster, property preservation companies prepare to complete insurance loss inspections for their mortgage servicing partners. Those borrowers who intend on remaining in their properties typically receive insurance money to make repairs. Property preservation companies complete inspections to verify the progress of the repairs on behalf of their mortgage servicing partners.INDUSTRY-WIDE PLAYBOOK NEEDEDManaging portfolios following major disasters is a challenge for mortgage servicers and their property preservation partners. Properties with current loans are particularly challenging because there are no guidelines or rules put in place like there are for vacant and abandoned properties. Questions arise such as, Should inspections be completed during the 90-day forbearance period? What about the initial secure? And will the investors reimburse for inspections on current assets during major disasters? The industry needs to establish a disaster playbook to address these complex issues and to be proactive before disasters hit. This serves as a good opportunity for investors and the industry to come together to draft formal policies addressing current and delinquent loans beyond standard property preservation guidelines when a disaster occurs. Mortgage servicers and their property preservation partners also need to continue to work with the investors so we are calling the right plays in the event of a natural disaster. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Sign up for DS News Daily January 11, 2018 1,675 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Rents Accelerate in Major Metro Areas

first_imgHome / Daily Dose / Rents Accelerate in Major Metro Areas July 3, 2018 23,531 Views Affordability Homebuyers Homes HOUSING metros mortgage Rent Price rents Zillow 2018-07-03 Krista Franks Brock in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordability Homebuyers Homes HOUSING metros mortgage Rent Price rents Zillow Sign up for DS News Daily Print This Post About Author: Krista Franks Brock The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Share 3Save Rents Accelerate in Major Metro Areas Previous: 10 States That Spent Most on Home Improvement Next: Loan Mods and Liquidation Decline Demand Propels Home Prices Upward 2 days ago For many, the biggest barrier to homeownership is saving for that hefty downpayment. Rising rents exacerbate this situation. The pace of rental rate growth is higher this spring than last in about three-fourths of the major metros Zillow observes in its Zillow Real Estate Market Report. Rent growth accelerated in 27 of the 35 metros observed for the May report. At the national level, rents grew 2.1 percent over the year, reaching $1,440 per month. The steepest rent price accelerations over the year were recorded in Pittsburgh, Detroit, and Houston. In Pittsburgh, rents declined 5.20 percent over the year leading to May 2017 and then grew 1.9 percent from May 2017 to May 2018. Some slight relief came to some of the nation’s most expensive rental markets, the report revealed. While rents here are still generally on the rise, the pace is slowing, according to Zillow. However, this comes as little relief for those aspiring homeowners trying to save for a down payment. “Even in markets where rent growth is slowing, high prices have already been established,” Zillow stated. “With mortgage rates rising and mortgage affordability deteriorating, owning a home may start to feel out of reach for many Americans.” In Seattle, rental rate appreciation decelerated from 5.8 percent over the year last spring to 3.3 percent this May. In Los Angeles, rental price growth slowed from a pace of 4.2 percent to 3.5 percent. In Portland, rents slowed from 3.6 percent growth to 1.5 percent, and in Boston, rental price growth slowed from 3.2 percent to 1.2 percent. The good news, at least at the national level is the 2.1 percent national rent price growth recorded over the year in May is “well within a long-term sustainable range,” said Aaron Terrazas, Senior Economist at Zillow. Terrazas also mentioned that the markets that experienced the greatest deceleration in rent price growth were those that “moved most quickly to add units.” Another factor making saving for a down payment harder is continued home price growth across the nation. Home prices are up 8 percent over the year in May, reaching $216,000, according to Zillow. The greatest home price appreciation among the nation’s 35 largest metros took place in San Jose, California, where prices increased nearly 26 percent over the year. Las Vegas and Seattle also experienced steep inclines at 15.5 percent and 12 percent, respectively. Inventory, which can, of course, impact price growth, is on the decline. Zillow estimated that there are 5.3 percent fewer homes for sale this May than last May. Inventories dropped most drastically in Denver (-15 percent), Atlanta (-15 percent), and Pittsburgh (-13 percent). Zillow noted that mortgage rates ended lower in May than where they started—arriving at 4.29 percent, after starting off the month at 4.38 percent and peaking mid-month at 4.51 percent. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Fraud, Foreclosure, and Community Blight in Buffalo

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago April 29, 2019 1,620 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Blight Delinquency Foreclosure Fraud Investment Sales 2019-04-29 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Blight Delinquency Foreclosure Fraud Investment Sales Previous: Is a Recession Heading Our Way in 2020? Next: New Program Looks to Ease Customers’ Minds Home / Daily Dose / Fraud, Foreclosure, and Community Blight in Buffalo Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Print This Post Demand Propels Home Prices Upward 2 days agocenter_img About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Fraud, Foreclosure, and Community Blight in Buffalo Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Kuwaiti real estate broker AbdulAziz HouHou is currently in prison for a scam worth $140 million to $240 million, in which HouHou and his company allegedly defrauded thousands of investors.HouHou sold houses to investors promising 15% returns, with a management company taking care of everything from tenant leasing to repairs and rent collection. However, The Buffalo News reports that many of the houses sold were rundown and dilapidated, and HouHou often sold homes to two different investors at the same time, or sold houses that were not even for sale.HouHou’s companies flipped around 160 houses in the Buffalo, New York, area, a quarter of which faced housing court judgement, and half of which entered foreclosure. Buffalo News found that half of the 40 houses HouHou sold in Buffalo on a single day in December 2015 were vacant at the time of sale, according to a Buffalo housing inspections report. Sixteen houses were so dilapidated that the city had them demolished, while nine caught fire and many were vacant and stripped of piping.”Vacancies in neighborhoods create many problems. Neighbors have been concerned, and have been complaining,” said Louis J. Petrucci, Assistant Director of Buffalo’s Department of Permits and Inspections Service.All of this led to increased urban blight in areas where HouHou and his company operated, including Buffalo, as well as Detroit, Cleveland, Florida, and North Carolina.A white paper published by the National Mortgage Servicing Association (NMSA) discussed some “common sense, practical, and affordable remedies,” aimed at reducing the costs of foreclosure practices and community blight. According to the white paper, titled “Understanding the True Costs of Abandoned Properties: How Maintenance Can Make a Difference,” the typical foreclosed home can impose costs of around $170,000, $85,000 of which is attributable to vacant property requirements and condition.“It’s time to rethink how we deal with vacant and abandoned properties,” the white paper states. You can read the full white paper here. in Daily Dose, Featured, Foreclosure, Investment, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Subscribelast_img read more

The Industry Pulse: Updates on Ellie Mae, Optimal Blue, and More

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Ellie Mae Optimal Blue 2019-05-27 Seth Welborn in Daily Dose, Featured, Market Studies, News, Technology The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago From new technologies to new partnerships, catch the latest happenings in the industry in this update.Ellie Mae recently announced the expansion of Encompass Investor Connect with partnerships that now include 7 of the 10 largest correspondent investors and representing more than half of all closed loan delivery volume.Ellie Mae has established partnerships with correspondent investors AmeriHome, Flagstar Bank, Franklin American Mortgage, Mr. Cooper, NewRez (formerly New Penn Financial), TMS and Wells Fargo, as well as other top ten banks, with more partnerships to be announced in the coming quarters.Encompass Investor Connect is the secure system-to-system workflow between lenders and correspondent investors that ensures delivery of accurate and compliant loan packages as part of the Encompass Digital Lending Platform. It supports the needs of lenders and investors, removing the manual loan package delivery process by automating directly from the Encompass LOS to the investor. Ellie Mae states that this improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance.“We continue to see significant momentum with Encompass Investor Connect as we further our mission to help originators and purchasers achieve a true digital mortgage,” said Parvesh Sahi, SVP of Business Development for Ellie Mae. “With the majority of the largest correspondent investors as our partners, we represent more than half of closed loan delivery volume. Many providers only look at digitizing the front-end of the mortgage transaction. However, as we continue to look at digitizing the entire mortgage process, Encompass & Encompass Investor Connect is helping lenders and purchasers reduce costs and increase efficiencies that benefits all players in the mortgage ecosystem.”___________________________________________________________________________Optimal Blue, a provider of secondary marketing automation and services in the mortgage industry, recently the completion of a “lights-out” integration between its comprehensive hedge advisory and loan trading platforms. The announcement exemplifies Optimal Blue’s ongoing commitment to provide enterprise, end-to-end automation through superior technology with functional depth.This real-time integration uses a library of proprietary APIs to automate vital functions within the secondary marketing process that to date, have been increasingly complex and resource intensive. Further, the two-way integration builds on the workflow automation that is already established within the Optimal Blue platform.“We are thrilled to deliver this next generation of automation to our clients,” said John Ardy, VP of Resitrader by Optimal Blue. “More than half of our clients have already transitioned to the integrated platform and those that remain will be migrated over the next several months.” Optimal___________________________________________________________________________Anaheim, California-based mortgage services provider, Consolidated Analytics has been accepted to the Standard & Poor’s (S&P’s) list of approved third-party review (TPR) firms. The company said that the approval validated that Consolidated Analytics met S&P’s criteria for quality and independence of third-party reviews for U.S. residential mortgage-backed securities (RMBS).The company will now appear in S&P’s Ratings Direct publication alongside other selected firms that meet S&P’s stringent assessment factors.“We never sacrifice quality,” said Arvin Wijay, CEO, Consolidated Analytics. “The S&P acceptance is a validation of the standards and best practices we have created across our entire organization. Standards that we’ve intentionally designed to exceed agency, market and client expectations for quality, independence, and transparency.”Prior to approval, S&P reviews and scrutinizes a range of processes, infrastructure, and business best practices such as compliance with underwriting guidelines, data integrity for loans, property valuation accuracy, regulatory compliance, and supporting technology capabilities. Once every 18 months, S&P updates its approved list of approved TPRs. Previous: Ellie Mae Expands Encompass Investor Connect Next: General Population Trails Servicemembers in Financial Well Being Tagged with: Ellie Mae Optimal Blue About Author: Seth Welborncenter_img May 27, 2019 1,369 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Industry Pulse: Updates on Ellie Mae, Optimal Blue, and More Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Industry Pulse: Updates on Ellie Mae, Optimal Blue, and More Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Print This Postlast_img read more

The Industry Pulse: Updates on First American, Cloudvirga, and More

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Print This Post From new resources and tools to key hires and promotions, get the latest industry buzz in this update.First American Financial Corporation, a global provider of title insurance, settlement services, and risk solutions for real estate transactions, announced the launch of the First American Innovation Center, an online information resource designed to provide a glimpse into the initiatives and people driving innovation within the company.The Innovation Center will feature thoughtful posts from First American experts examining the market forces and technology reshaping the process of buying and selling property in the United States.“The real estate and mortgage finance industries are undergoing dramatic changes as technology and consumer demand for an enhanced experience create opportunities for innovation,” said Dennis Gilmore, CEO at First American Financial Corporation. “First American and our people are at the forefront of these changes, driving innovation to improve the customer experience, enhance security and accelerate the real estate transaction process.”__________________________________________________________________________Cloudvirga recently announced the promotion of Daniel Sogorka to CEO. Sogorka, who joined Cloudvirga as Chief Revenue Officer in January this year, has more than 20 years of experience removing inefficiency and costs from the mortgage industry.“In a short period of time, Dan Sogorka has had a profound impact on Cloudvirga’s growth, and he is without question the right person to take this company to the next level,” said Cloudvirga Co-founder Mark Attaway. “Already, he has built an expert sales and marketing team from the ground up, has filled our sales pipeline with the country’s leading mortgage originators, and has been instrumental in building out the technology partnerships required to realize Cloudvirga’s digital mortgage vision.”“There is a lot of talk about the ‘digital mortgage,’ but so far the industry has fallen short on its promise,” said Sogorka. “Cloudvirga is uniquely situated to finally deliver a transformational experience for both consumers and originators, with the right combination of industry expertise, technology and people.”__________________________________________________________________________Angel Oak Mortgage Solutions, LLC, a wholesale and correspondent non-QM lender, announced the launch of QuickQual. This loan tool will enhance the ease and speed at which loan officers (LOs) can determine borrower eligibility for non-QM loans.QuickQual, powered by LoanScorecard, delivers loan eligibility decisions within a matter of minutes, eliminating a process that used to take up to 24 hours. The automated underwriting system (AUS) instantly produces a loan eligibility report, which is also sent to the appropriate Angel Oak Account Executive (AE). If the report indicates a successful pass, the LO can submit the loan with the click of a button. However, should the results flag any issues, the AE is able to view the full file, including the analytics behind it so they can identify potential challenges and address them.“Customer service is in our DNA, integrating QuickQual shows our dedication to client satisfaction,” said Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions. “We realized right away that we couldn’t use an off-the-shelf solution. That’s why we spent the last 18 months working collaboratively with LoanScorecard to develop a custom solution that elegantly addresses the LO’s need for speed and confidence and, at the same time, aligns with our world class AE expertise. QuickQual is synchronized with our current processes, including the Salesforce integration to ensure a smooth transition.” in Daily Dose, Featured, News, REO, Secondary Market, Technology Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Angel Oak Cloudvirga First American Financial Corp. industry pulse Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Related Articles Share Savecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 22, 2019 1,179 Views Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / The Industry Pulse: Updates on First American, Cloudvirga, and More Data Provider Black Knight to Acquire Top of Mind 2 days ago Angel Oak Cloudvirga First American Financial Corp. industry pulse 2019-08-22 Seth Welborn Subscribe Previous: Mortgage Rates Influencing Homebuyers Next: What’s the Plan for Fannie and Freddie? Servicers Navigate the Post-Pandemic World 2 days ago The Industry Pulse: Updates on First American, Cloudvirga, and Morelast_img read more

Price of diesel and petrol set to hit all time high next week

first_img WhatsApp By News Highland – August 18, 2012 Previous articleNational Heritage Week: Something for everyone in DonegalNext articleDonegal Garda Station closed in 2012 recorded 60% jump in crime in 2011 News Highland Twitter Google+ Three factors driving Donegal housing market – Robinson Pinterest Help sought in search for missing 27 year old in Letterkenny WhatsApp Facebook Facebook Google+center_img RELATED ARTICLESMORE FROM AUTHOR Price of diesel and petrol set to hit all time high next week Guidelines for reopening of hospitality sector published News NPHET ‘positive’ on easing restrictions – Donnelly 448 new cases of Covid 19 reported today Twitter Motorists are being warned that the price of petrol is expected to hit an all-time high next week.According to AA Ireland, the cost of a litre of petrol will increase on average to 1 euro 70, while diesel will rise to 1 euro 60 per litre.These figures are a national average – prices in some areas of Donegal are already at 1.69 for petrolAn increase in the demand for oil – and the declining value of the euro against the dollar – are being blamed for the price hike. Calls for maternity restrictions to be lifted at LUH Pinterestlast_img read more

Council told of potential threat to more services at Letterkenny General

first_imgNews Previous articleCalls for Derry tourism VAT breaksNext article134 Udaras jobs lost in Donegal between 2010 and 2011 News Highland By News Highland – September 11, 2012 Facebook Twitter Three factors driving Donegal housing market – Robinson Pinterest Google+ Twitter NPHET ‘positive’ on easing restrictions – Donnelly Google+ Letterkenny Town Council has been told that if implemented, cutbacks at the Letterkenny hospital will mark the beginning of the end for a number of services.The claim was made by Cllr Gerry Mc Monagle, as the council unanimously backed his motion seeking an immediate meeting with Minister James Reilly to lobby for more resources.He reiterated recent figures produced by Sinn Fein showing that while Letterkenny General receives less money than most other hospitals, it is achieving substantially more.He particularly welcomed the new unit coming on stream this week, but stressed it shouldn’t be at the expense of other services.The council also noted that with over 1,500 staff, the hospital is far and away the town’s biggest employer.Cllr Mc Monagle says the economic impact of any downgrading cannot be overlooked:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/gerry830HOSP.mp3[/podcast]center_img Calls for maternity restrictions to be lifted at LUH WhatsApp 448 new cases of Covid 19 reported today RELATED ARTICLESMORE FROM AUTHOR Facebook Help sought in search for missing 27 year old in Letterkenny Council told of potential threat to more services at Letterkenny General WhatsApp Pinterest Guidelines for reopening of hospitality sector publishedlast_img read more

Council officials asked to seek a review of flouridation policy

first_img Google+ Google+ By News Highland – May 23, 2013 448 new cases of Covid 19 reported today Previous articleDonegal has the highest number of Blue Flag Beaches in the countryNext articleMan acquitted of charges relating to Strabane St Patricks Day stabbings two years ago News Highland Facebook Pinterest Three factors driving Donegal housing market – Robinson Help sought in search for missing 27 year old in Letterkenny WhatsApp Facebook Guidelines for reopening of hospitality sector publishedcenter_img A Donegal Councillor is calling for a renewed debate about flouride before control of the provision of water is taken out of the hands of local authorities.Cllr Patrick Mc Gowan says the flouridation of water is carried out by the council on behalf of the HSE, and the policy is not set locally. However, he says with new research being published on a regular basis, there are very real fears that the disadvantages of flouradation now significantly outweigh the advantages.He wants the council’s Director of Environmental Services to contact the HSE, seeking a review of the reasons why flouride is still put into the water supply…………[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/flourideweb.mp3[/podcast] News WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Calls for maternity restrictions to be lifted at LUH Twitter NPHET ‘positive’ on easing restrictions – Donnelly Council officials asked to seek a review of flouridation policylast_img read more

Noonan: Household Charge dodgers will have to pay

first_img Twitter Previous articleCouncil optimistic of matching last years NRA fundingNext articleThe ban on visiting at Letterkenny General extended due to bug News Highland By News Highland – December 14, 2012 Facebook The Finance Minister says homeowners who dodged the 100-euro household charge will have to pay it – when the property tax is introduced next year.Michael Noonan says the Revenue Commissioners will have new powers to take the property tax, and any unpaid household charge from wages, social welfare payments and farm grants.Fianna Fáil says the powers being given to revenue are draconian and will lead to unspecified amounts being taken from social welfare payments.But Minister Noonan says the government intends to collect arrears from people who failed to pay the household charge:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/15noonHOUSE.mp3[/podcast] Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook WhatsApp Google+ Twitter Guidelines for reopening of hospitality sector published center_img Pinterest Google+ NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR News Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Noonan: Household Charge dodgers will have to pay LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApplast_img read more