Tech Roundup: AllRegs Provides NAMB Federal Compliance Solution

AllRegs has provided members of the National Association of Mortgage Brokers with fully-sponsored access to federal compliance and pending legislation inside of the AllRegs Information Service,  AllRegs Online. “Now more than ever, it is vital for our membership to keep up with changing federal legislation on Capitol Hill that directly impacts their business,” said Roy DeLoach, NAMB’s chief executive officer. AllRegs Federal Compliance will provide NAMB members with the ability to search, review and learn from all Federal Compliance regulations inside of AllRegs Online, a component of the AllRegs flagship Single-Family Lending Package. In addition, they will also have access to federal pending legislation, according to the company’s press release. Members will be able to search all federal laws related to the mortgage industry — RESPA, TILA, HMDA, HOEPA and HERA — and will have access to federal analysis and commentary. “Mortgage brokers and originators play a vital role in the mortgage lending industry and they rely on knowing the latest federal regulations to effectively do their business,” said Dan Thoms, AllRegs senior vice president. “With the ability to search the laws online, drill down into those regulations, and receive weekly updates via email, NAMB members will be able to keep up with rapidly changing federal compliance laws.”  www.allregs.com www.namb.org PriceMyLoan and Del Mar DataTrac Integrate PriceMyLoan, a provider of automated underwriting and loan pricing technology, announced last week a partnership with Del Mar DataTrac to deliver an integrated solution for mortgage bankers. The integration combines PriceMyLoan’s advanced loan decisioning with Del Mar DataTrac’s mortgage banking and secondary marketing functions to deliver a more powerful and efficient workflow, according to a joint press release. “Our partnership delivers the type of value that mortgage bankers need right now,” said Gigi Campbell, national sales director at PriceMyLoan. “They want effective technology tools that work together in a way that improves their processes without increasing costs.” As a point-of-sale tool, PriceMyLoan enables originators to qualify borrowers, price loans and submit rate lock requests directly to lenders, the companies said. Borrower and loan information is either manually typed in or uploaded from other sources such as loan origination systems and credit report providers. The key for the integration is to ensure that a comprehensive set of data — including 1003 data, complete credit report data, rate lock information, status dates and other loan parameters — accurately transfers into the platform in order to minimize errors and not impede the workflow process, according to a press statement. The interface also works bi-directionally by transferring data from DataTrac back into PriceMyLoan to provide originators with timely updates on the status of their loans. www.pricemyloan.com www.delmardb.com MDA Launches Automated Portfolio Review Tool Wilmington, Del.-based MDA Lending Solutions, a provider of advanced information solutions to the mortgage industry, announced Thursday the launch of ARTAdvisor from MDA MindBox. The platform provides risk management from early risk detection through loss mitigation by automating the review, analysis and management of any size portfolio. ARTAdvisor combines comprehensive credit analysis with collateral analysis to identify risky loans, said MDA in a press release, and to propose optimal resolutions ranging from government sponsored programs to lender-specific loan modifications. The platform uses a customizable rules engine to review any number of loans based on the organization’s own standards for quality and performance. “With the constantly evolving governmental programs aimed at troubled mortgage loans, organizations are in need of ways to handle the risks and maximize the opportunities these programs create,” said Bill Richer, president of MDA MindBox. ARTAdvisor identifies unseen or emerging points of risk, analyzes data from multiple sources to show trends in performance, identifies secondary market opportunities and accelerates loss mitigation strategies at the individual loan level and the portfolio level. It can also be implemented at the point-of-sale, pre-qualification or loan application stage to identify risk upfront, enhancing pricing and decisioning.   www.mdasolutions.com Servicing Web-based System to Improve Client Efficiency McDonald Computer Corp., a provider of automated servicing technology, announced last week the integration of enhanced servicing capabilities on its Web/T.I.M.E. system. Users will now have more control over the accessibility of loan information and the ability to log on to the system from virtually anywhere in the world using a secure Virtual Private Network server. Web/T.I.M.E is a Web-based mortgage loan servicing system offered in a service bureau environment. The technology is a fully integrated, on-line, real-time mortgage loan investor servicing system and has the ability to process all loan product types, said McDonald Computer Corp. Used in conjunction with myloaninfo, a Web-based mortgage servicing customer service application, Web/T.I.M.E. enables clients to offer their customers the ability to view loan information in real time. McDonald Computer Corp.’s Web/T.I.M.E. system also has a reverse mortgage servicing component and has the ability to service default loans.   www.mcdonaldcomputer.com www.myloaninfo.com Solutions to Support Credit Union’s Growth Harland Financial Solutions announced Friday that Charter Oak Federal Credit Union recently implemented its Touche Analyzer MCIF and Advisory Services consulting solutions. The $600 million asset-sized credit union headquartered in Groton, Conn., selected Touche Analyzer in part to help achieve its membership and share of wallet objectives, the company said. In addition to using Touche Analyzer in that pursuit, Charter Oak purchased Advisory Services consulting solutions that will provide an analysis of such activities as branch potential relative to each location’s market and the credit union’s best opportunities for cross-selling more products to its existing members. The analysis, which will result in specific strategies, as well as actionable tactical recommendations from Harland Financial Solutions’ consultants, will afford the credit union a set of prioritized projects to be implemented using Touche Analyzer. “Once the consulting analyses are complete, we expect a concise set of strategic plans and actions that Charter Oak can use in the years ahead to support our objectives and continued success,” said Laurie Cormier, assistant vice president of marketing at Charter Oak. www.harlandfinancialsolutions.com Write to Kelly Curran at [email protected]. Editor’s note: Tech Roundup runs every Monday, and offers a look into the various technology that makes the entire mortgage market work — whether origination or default, through to secondary market operations. If you’ve got a tech bit that we should know about, email the reporter above.

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