Author: PROGRESS In Lending

DocMagic, Inc., a provider of compliant loan document generation, automated regulatory compliance and comprehensive eMortgage services, has attained MISMO’s eClosing System and remote online notarization (RON) certifications for its Total eClose solution. 

Indecomm Global Services, a provider of mortgage automation and services, released GeniusWorks, an automation-driven intelligent workflow solution that combines Indecomm’s proprietary automation solutions with expert mortgage talent to streamline the three most cumbersome and costly middle-office origination functions: set-up, processing, and underwriting.

Teraverde (TVMA Inc.), a national advisory firm to lenders, has launched Teraverde’s Implementation Accelerator™ for the Encompass® loan origination system.  Teraverde’s Implementation Accelerator is a cloud-based solution to speed both the implementation of Encompass or the re-implementation and process improvements a lender is making to an existing instance.

Rick Hogle has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as chief revenue officer, where he will manage the overall performance of Cherry Creek’s retail operations.

OneKey MLS, the largest multiple listing service (MLS) in New York, has partnered with Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, to indicate MLS residential listings that may be eligible for down payment assistance and other homebuyer affordability programs.

MISMO, the real estate finance industry’s standards organization, launched an updated Mortgage Insurance (MI) Version 3.4 Implementation Guide (I-Guide). 

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2022 shows mortgage applications for new home purchases decreased 10.6 percent compared to a year ago. Compared to March 2022, applications decreased by 14 percent. This change does not include any adjustment for typical seasonal patterns.

Planet Financial Group, LLC, a family of companies delivering origination, servicing, and asset management solutions, will donate $100,000 to The Farmlink Project. The Farmlink Project is a nonprofit grassroots movement that connects surplus produce to communities in need, reduces carbon emissions and empowers the next generation of young changemakers.

 Mortgage applications decreased 11.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 13, 2022. 

DocMagic, Inc. has completed an integration with Empower, Black Knight’s loan origination system (LOS), to help automate the DocMagic document generation process for lenders and provide access to additional DocMagic services.

FirstClose, Inc., a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has closed a $35 million investment from growth equity firm Lateral Investment Management to accelerate its product and growth strategies.