Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements.
CoreLogic, a data-enabled solutions provider, announced the launch of a new solution that will provide lenders with a comprehensive suite of data and analytics on property ownership, value, condition, and hazards.
The solution, AutomatIQCollateral, streamlines a lender’s workflow, enabling them to make faster decisions, accelerate transaction times and reduce risk throughout the loan origination process, the company said.
“We’re dedicated to keeping lenders on the leading edge of the digital mortgage industry by offering workflow solutions that are tightly integrated with automation and analytics,” said Vicki Chenault, executive, valuations solutions group at CoreLogic. “With AutomatIQ Collateral, lenders will now be able to access essential property data through a single-source, empowering them to originate loans faster, at a lower cost and with less risk.”
Mortgage technology solutions provider PollyEx announced its Loan Trading Exchange is now available through Ellie Mae’s Encompass digital platform.
The integration permits Encompass users to share data between PollyEx’s Loan Trading Exchange, thus maximizing efficiency during the loan sale process, according to the company.
“PollyEx is thrilled to partner with Ellie Mae on our next-generation loan trading platform,” said PollyEx founder and CEO, Adam Carmel. “Remarkably, loan trading is often conducted via phone, email, and spreadsheets. With our secure, seamless integration with Encompass, PollyEx is powering the mortgage loan sales process with innovative technology designed by our team of mortgage industry professionals. We look forward to a long, successful partnership with Ellie Mae.”
Mortgage Capital Trading, a mortgage hedge advisory, and secondary marketing software firm, introduced a new mobile application that allows secondary marketing managers to oversee their duties from the convenience of their mobile phone.
The application, MCTlive!, enables marketing managers to review reporting, manage loan pipelines and conduct whole loan trading digitally. Additionally, the app provides a new access point to MCT’s cloud-based capital markets software platform and is now available in the Apple App Store, according to the company.
“Where some providers claim to put secondary marketing in the hands of their customers, MCT literally puts it in their hand,” said Phil Rasori, COO of MCT. “The MCTlive! mobile app is the first in a series of new innovations allowing users to do their jobs on-the-go. In an industry marked by consistent change, you need technology that allows you to change with it. That’s why we’ve launched a native iPhone app: because market changes don’t wait for you to get to the office.”