Digital Lending

Snapdocs, a digital closing provider, has become the first to achieve compliance with MISMO’s eVault System Standards, underscoring its commitment to advancing secure, compliant, and seamless transactions involving electronic promissory notes (eNotes).

Snapdocs, a digital closing provider, shared new research conducted in partnership with Falcon Capital Advisors, revealing that eClosing technology enables lenders to achieve a pricing gain of up to 10 basis points by accelerating loan delivery to the secondary and capital markets.

Snapdocs announced a collaboration with Zions Bancorporation (NASDAQ: ZION) to digitize the lender’s mortgage closings. The Zions network of banks selected Snapdocs for its unmatched ability to drive high digital closing adoption, optimize operational efficiency, and provide flawless experiences for loan officers, settlement partners, and borrowers.

Mortgage Capital Trading, Inc. (MCT) has been awarded a patent for the security spread commitment used in the industry’s largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices. Loan buyers and sellers use the security spread commitment to transact before counterparty approval, vastly increasing liquidity while giving sellers confidence in the price execution of new buyers.

Informative Research, a technology platform that delivers data-driven solutions to the lending community, has launched new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions. These advanced alerts offer sophisticated monitoring capabilities, enrich lenders’ portfolio monitoring and borrower engagement strategies and solidify Informative Research as a data solutions leader in the mortgage industry.

Williston Financial Group® (WFG®), a full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, launched 1031 Exchange services through WFG 1031, LLC. A newly launched product of WFG’s marketing and technology subsidiary, MyHome, a Williston Financial Group Company™, WFG 1031, LLC provides 1031 Exchange services in partnership with Accruit LLC, one of the nation’s leading Qualified Intermediaries.

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, announced OneTrust Home Loans as its newest Fee Chaser client. Using Fee Chaser, OneTrust Home Loans can streamline its operations and compliantly collect upfront fees from its borrowers.

EarnUp, Inc., a financial wellness fintech company, announced that lenders and servicers will be able to use its platform to offer borrowers a convenient mortgage payment option: Text to pay via debit card.

Kriss Law/Atlantic Closing & Escrow (“KL/ACE”), a national, attorney-driven settlement services firm has launched a pilot program for digital notarizations and closings leveraging a new integration with The Closing Exchange (TCX) and eSign Events by Simplifile. The pilot will empower KL/ACE to deliver a comprehensive, integrated eClosing and eNotarization option for mortgage lenders.