Innovations in loan origination systems include a new interview platform, compliance with changes to Home Mortgage Disclosure Act reporting requirements and lots of new integrations.
Staffing has been expanded at OpenClose's integration and customer support departments, the West Palm Beach, Florida-based company announced on Feb. 16. In addition, three senior software engineers were added to its development team.
"The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support," the LOS provider said.
Zip was announced by Calyx Software on Feb. 22. Calyx says the loan interview platform is affordable and easy-to-use, and loan originators can use it with loan applicants through a branded URL.
Dallas-based Calyx said the pay-per-use service enables prospective borrowers to easily start the loan application process online or on any mobile device.
"Zip allows loan originators to understand an interested borrower's needs, their communication preferences, and how far along the borrower is in the mortgage process," Calyx Software Vice President of Business Development Bob Dougherty said in the statement. "Zip levels the playing field with enterprise-level, online lenders -- and does it for a fraction of the cost."
Earlier last month, a press release said that
LexisNexis Risk Solutions' fraud mitigation tools have been integrated into Point.
Wipro Gallagher Solutions reported on Feb. 13 that its NetOxygen v5.1 LOS will enable originators to comply with reporting changes for HMDA data. In addition, the update is fully compliant with Uniform Closing Dataset requirements.
The COCC mortgage cooperative has established a partnership with Ellie Mae Inc. to offer Encompass to all its members.
Embrace Home Loans has integrated CompassPPE API and mobile application into its Empower LOS, an announcement in January stated. Empower is the product of Black Knight, a Mortgage Daily advertiser.
CoreLogic Inc. said on Feb. 21 that its LoanSafe Risk Manager Suite is now available on INTEGRA Software Systems' legacy Destiny LOS and next generation web-based EPIC LOS. The integration will make CoreLogic's instant merge credit report, flood determination services and valuation solutions available on the LOS.
bank account verification and settlement agent vetting tools have been integrated into the LendingQB LOS, a Feb. 27 statement said. A week earlier, a news release indicated FormFree's automated asset verification was integrated into LendingQB, while an announcement earlier in the month had an integration of CoreLogic's 4506-T Direct income verification solution and LoanSafe Fraud Manager services.
In January, a statement indicated that
US Real Estate Services Inc.'s REO asset management, default ancillary services and valuation solutions were integrated into LendingQB. Another news release had CondoPak's condominium lender support services integrated into LendingQB.
LendingQB said it ranked highest in functionality, end user experience and overall satisfaction in
STRATMOR Group's 2017 Technology Insights survey report.