Technology

It’s a whole new ballgame: Takeaways from MBA Tech

We're still in early innings
[Op-ed] In this commentary, Michael Kolbrener, the chief technology officer for PromonTech, writes about the recent MBA Tech conference. "It was fitting that the Mortgage Bankers Association chose Detroit, the launch pad of Rocket Mortgage, as the site for this year’s Technology Solutions Conference & Expo. The “liftoff” of that disruptive, imagination-capturing product has been the catalyst for a new appreciation of what technology can do for lenders and borrowers," he writes.
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Digital Risk's LoanFX integrates with Black Knight's LoanSphere

Integration with LOS will also help support compliance with evolving regulatory requirements
This week, Digital Risk announced the integration of its LoanFx platform with Black Knight's Empower loan origination software. The integration provides loan officers, their clients, and their realtors, with near real-time updates throughout the application process for increased transparency. the company said the larger goal is shortening the entire process – from application to approval and underwriting – to as little as 20 minutes.
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Plaid’s new asset verification program receives Day 1 Certainty approval from Fannie Mae

Plaid Assets is now accepted provider for Fannie Mae DU
Plaid, a technology platform that connects applications with users’ bank accounts, has been piloting an asset verification program with Fannie Mae’s Desktop Underwriter since October of last year. Now, the company is officially rolling out its asset verification program, which Fannie Mae just approved for asset verification within its Day 1 Certainty program.
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MBA Tech: Building the right IT infrastructure

Stacey Caster from Quicken Loans on choosing vendors and growing your infrastructure team
Mortgage companies looking to take advantage of the latest tech solutions have more options than ever before, but figuring out the right infrastructure for their business is complicated. After a panel on managing infrastructure at the MBA Technology Solutions Conference in Detroit on Wednesday, we sat down with Stacey Caster, vice president of technology communications at Quicken Loans, to find out how she approaches this task, and what advice she would have for other companies. 
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Optimal Blue launches social media compliance monitoring

Solution works in real time
"In today’s social media landscape, it is imperative to take a proactive approach," explained Scott Happ, CEO of Optimal Blue. “By introducing a comprehensive monitoring module, clients can easily detect and resolve issues before they become costly. This also creates a phenomenal opportunity to train staff and loan officers regarding the compliance responsibilities related to social and digital media.”
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MBA Tech: What's next for the mortgage industry?

Leaders of loanDepot, Quicken, PenFed and CBRE share their perspectives
The companies represented by these executives are some of the most successful in our industry — or any industry. Their companies are diverse in size, scope and client base, but the executives have one thing in common — they see enormous opportunity in their employees and customers. Their vision is not limited to the current products or services that their current employees offer their current customers. In fact, these guys might disrupt more than just the mortgage industry.
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Digital lending platform LenderClose secures new investment to power growth

Iowa-based company will hire 25 new employees
LenderClose, a digital lending platform for credit unions and community banks, is ready to plot the next stage of its growth thanks to a new investment from Next Level Ventures, a venture capital firm that invests in growing companies based in Iowa. The company did not make the specific financial details available, but the company said that it plans to use the money to hire 25 new employees.
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HousingWire's weekly news podcast #3

We talk Zillow, Bank of America, and tech
Episode #3 of HousingWire's weekly news podcast features Editor-in-Chief Jacob Gaffney chats with HW reporter Kelsey Ramirez about Bank of America's earnings, Zillow's move into home buying and home selling. Plus, Managing Editor Sarah Wheeler reports live from MBA Tech.
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