Technology

Bank of America launches digital mortgage platform

Becomes latest big bank to go digital
Everybody’s doing it, and now Bank of America is doing it too. Bank of America revealed Wednesday that it is launching a digital mortgage platform, which allows customers to complete the mortgage application process either via their mobile device or on Bank of America’s website.
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Arch MI

RateStar expands lenders' origination opportunities in a competitive market

Will Vickers of Arch MI explains the benefits of the dynamic pricing engine
With home prices across the country increasing and interest rates also on the rise, lenders are looking for ways to help borrowers afford homeownership. Arch MI RateStar is a dynamic MI pricing solution that expands lenders’ origination opportunities in a competitive market.
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Approved, LendingQB partner to launch wholesale lending platform

Partnership of two top tech companies in housing finance
In a partnership that brings together two of the preeminent technology companies in the mortgage space, Approved and LendingQB are joining together to launch a wholesale lending platform. Both Approved, a digital mortgage platform for independent lenders and brokers, and LendingQB, a provider of SaaS loan origination technology solutions, have been named to HousingWire Magazine’s HW Tech100 as one of the top tech companies in housing finance.
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What lenders can learn from tax preparation software

Ways to automate, streamline and standardize borrower income calculation
For most underwriters, calculating income is a manual process, often characterized by inefficiency, inaccuracy and lack of standardization. When is someone going to be able to provide self, tax software kind of functionality for our mortgage underwriters? The answer: we’re on the precipice.
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PwC: The digital mortgage is our new normal

What are borrowers looking for?
In its latest Home Lending Experience Radar report, published this week at the LendIt Fintech USA conference in San Francisco, PricewaterhouseCoopers said digital is our new normal and explains how consumer expectations are shifting and what these new trends mean for lenders.
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Closing the gap on the real estate closing process

Time for a tech upgrade?
[Op-ed] Today, homebuyers can tour homes, see the neighborhood and research the history of a property all from the comfort of their couch. Technology has streamlined the front end of the purchase process, but the actual closing remains largely stuck in the past. How can collaborative software solutions help update the closing process so that tech savvy consumers who have looked at homes and even virtually furnished them with a smartphone are confronted with an outdated process when it is time to buy?
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TMS unveils mortgage servicing mobile app

Mobile app for SIME servicing platform launched this week
Fintech company, and recent 2018 HW Tech100 winner, TMS announced this week it launched a mobile app for its SIME mortgage servicing platform. The company said its new servicing app, known as TMS Happinest Mobile, brings “a total homeownership experience to its customers,” and marks the first app of its kind in the servicing space.
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FormFree's AccountChek integrates with BeSmartee's POS platform

Automated asset verification now a part of BeSmartee's POS platform
FormFree announced on Wednesday that its AccountChek automated asset verification service is now part of BeSmartee's mortgage point-of-sale platform. FormFree explained that this integration will speed up BeSmartee’s digital loan process and provide a more accurate assessment of borrowers’ ability to pay.
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JPMorgan Chase picks Black Knight to power its home equity originations

Will use LoanSphere Empower to originate home equity loans
JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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