FinTech

Mortgage Tech Rundown: Blend, ReverseVision, and Docutech

The latest in mortgage and real estate technology

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements.

Blend, a provider of eMortgage services, launched a new mobile application that aims to provide borrowers with a best-in-class experience.

The application, The Blend Loan Officer, builds on the company’s efforts to modernize the mortgage application process from start to finish.

Through the app, borrowers can complete their mortgage application online, over the phone or in person, while LOs can track the entire application progress in real-time, according to the company. 

“Devotion to the consumer is at our core,” the company said. “That’s why we’re excited to announce Blend Loan Officer, our new mobile app that offers LOs the ability to meet consumer’s needs at any time, from anywhere.”

ReverseVision, a provider of the Home Equity Conversion Mortgage and private reverse mortgage sales and origination technology, announced their Loan Import API has been leveraged by OptifiNow for mutual lender client Open Mortgage.

According to the company, the integration links OptifiNow’s cloud-based SaaS sales and management platform with ReverseVision’s RV Exchange loan origination platform, therefore streamlining origination at Open Mortgage by building a “generate loan” button directly into the OptifiNow dashboard.

“Our Loan Import API was developed out of ReverseVision’s commitment to enable platform implementations that match lenders’ business models,” said ReverseVision Vice President of Sales and Marketing Wendy Peel. “As mortgage technology and the lending market evolve, our cloud-based, API-enabled platform will be able to flex to lenders’ needs so that they can meet borrowers where they are in life.”

Docutech, a provider of document, eSign, eClose, and print fulfillment technology, announced an integration with loan origination software and servicing provider MortgageFlex Systems.

The company said in a press release that the integration will enable lenders utilizing MortgageFlexONE to generate loan documents through Docutech’s ConformX document engine, delivering relevant documents through Docutech’s Solex platform.  

“As we continue to grow and extend our reach in the mortgage industry, we’re focused on improving the experience for borrowers while decreasing origination costs, streamlining processes, and improving compliance for lenders,” MortgageFlex Systems COO Craig Bechtle said. “Integration with Docutech’s industry-leading doc gen, eSignature, and eClosing technology is key to that pursuit.” 

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