The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Appraisals & ValuationsMortgage

AppraisalWorks integrates with ICE Mortgage Tech Platform

With ICE platform, lenders can order, assign, monitor, and review real estate valuations

Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform, the company announced Tuesday.

ICE Mortgage Technology, formerly known as Ellie Mae, is a cloud-based loan origination platform provider for the mortgage industry. With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform.

AppraisalWorks Vice President Ben Wiant said lenders will be able to set up approved vendor panels, customize workflows by lending channel, and configure automated assignment logic to route orders based on “patented business rule logic.”

“[This should] eliminate administrative overhead and accelerating turn times, so lenders can more efficiently process mortgage, home equity and refi loans and more profitably grow their business,” Wiant said.

He added that stakeholders will have permissions-based access to messaging throughout the order process, as well as status updates, payment processing, and automated alerts — allowing greater transparency and improved collaboration among stakeholders.

“Once complete, appraisal and valuation documents are automatically delivered straight to the eFolder, populating key data elements in the Encompass system, where lenders can review the reports,” he said.

ICE, which acquired Ellie Mae for $11 billion in 2020, has been a serious player in the mortgage tech space over the last five years — particularly with M&A.

The company acquired a majority equity position in MERSCORP Holdings, the owner of Mortgage Electronic Registration System in 2016, and purchased the remaining stake two years later. ICE also acquired Simplifile in 2019 for $335 million.

Jeff Sprecher, ICE founder, chairman and CEO, has targeted the delivery of a service that “fully digitizes the mortgage process,” he said in September. His firm said the “old-school, paper-laden process” takes two months or more to complete, costs $8,000 and features a cast of characters and a physical room — versus use of ICE’s platform, which costs $2,600 less, features an e-closing table, virtual assistance, and can be completed in just a couple weeks.

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