Author: PROGRESS In Lending

Closing NewsIn The News

Snapdocs Expands Digital Closing Platform And Unveils New Brand Identity

PROGRESS In Lending

Snapdocs, a mortgage digital closing provider, announced plans to automate every critical interaction between lending and settlement teams throughout the mortgage closing process. The company will introduce new AI-powered capabilities within its platform that streamline complex closing tasks to increase customer efficiency and improve the borrower experience. These advancements inspire the company’s new brand identity.

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GSE UpdatesIn The News

Take3Tech Announces Fannie Mae’s Income Calculator Now Available In LoanMAPS

PROGRESS In Lending

Take3Tech has announced that Fannie Mae’s Income Calculator is now fully integrated and available within its convergent technology platform, LoanMAPS. The company touts that it is the first platform to offer the Income Calculator directly within a Loan Origination System (LOS), and that Take3Tech provides users with a streamlined, end-to-end solution—from sales through interim servicing—within one unified system.

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In The NewsPOS Advances

Floify Launches Floify Verify, A Native Verification Of Income And Employment Service

PROGRESS In Lending

Floify, a mortgage point-of-sale (POS) solution, announced the availability of Floify Verify, a native electronic verification of income and employment (VOIE) service powered by Argyle. Designed to streamline the mortgage origination process, Floify Verify allows lenders to verify income and employment at a cost-effective price point without the hassle of managing additional third-party vendors.

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In The NewsRefinance Activity

Rate-And-Term Refinance Locks Surge 700% Over Previous Year

PROGRESS In Lending

Optimal Blue released its September 2024 Market Advantage mortgage data report, which found a 50% month-over-month (MoM) increase in rate-and-term refinance activity as people who purchased homes in recent years jumped at the opportunity to lower their interest rates and mortgage payments. While the Federal Open Market Committee (FOMC) lowered its target federal funds rate by 50 bps on Sept. 18, the market had already priced in a portion of the rate reduction, leading to a full month of increased refinance activity in September.

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CRM & Lead GenIn The News

Aduvo Launches Platform that Simplifies Mortgage Marketing

PROGRESS In Lending

Aduvo, a new platform designed to simplify the marketing efforts of busy mortgage professionals and increase sales with minimal effort, has officially launched. Created in response to existing marketing systems that are difficult and time-consuming to adopt, Aduvo offers loan officers set-it-and-forget it marketing automation that quickly turns hidden opportunities in their contacts into closed loans.

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Data UsageIn The News

Informative Research Adds Consumer-Permissioned Verification Of Employment/Income

PROGRESS In Lending

Informative Research, a technology provider delivering data-driven credit and verification solutions to the lending community, announced the addition of AccountChek to the list of integrated verification providers available within the IR Verification Platform. This latest enhancement empowers lenders to optimize their verification processes using IR’s Verification Waterfall, offering a more cost-effective and efficient alternative to traditional verification of employment/income (VOE/I) methods.

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