FinTech News


News items related to FinTech as issued by the Send2Press Newswire service on behalf of the noted news source.


FormFree unveils NextGen at Digital Mortgage conference in Las Vegas

LAS VEGAS, Nev., Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — FormFree today announced the release of NextGen, a new platform that builds on the company’s award-winning AccountChek service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers’ ability to pay loans.

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla., Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders’ data validation task times by 50 percent or more.

Maxwell Advances Mortgage Experience with the Release of Maxwell ApplyID – The Next Generation Loan Application and Enrichment API

DENVER, Colo., Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — Digital mortgage leader Maxwell today announced the release of Maxwell ApplyID, its next generation mortgage loan application and data enrichment API. The new release will enable clients – from brokers to national mortgage lenders – to pre-populate loan application data and develop new customer intelligence capabilities.

Prevail Reinsurance System selected by Tower Insurance as the leading edge technology solution to automate reinsurance administration

STAMFORD, Conn., Sept. 11, 2018 (SEND2PRESS NEWSWIRE) — Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Tower Insurance to license the Prevail Reinsurance System (PRS) to support Tower’s reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation and professional services.

ReverseVision Expands Support for Proprietary Reverse Mortgage Products

SAN DIEGO, Calif., Aug. 22, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it is offering a combination of enhanced software functionality and professional services to help mortgage lenders launch proprietary reverse mortgage products.

MCT’s Bid Auction Manager (BAM) Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions

SAN DIEGO, Calif., Aug. 3, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT’s Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

NotaryCam Applauds Treasury Recommendations to Remove Barriers to Remote Online Notarization and ‘Fully Digital Mortgage’

NEWPORT BEACH, Calif., Aug. 2, 2018 (SEND2PRESS NEWSWIRE) — Rick Triola, founder and CEO of the industry’s most popular remote online notarization solution, NotaryCam, calls the Department of Treasury’s recommendations in its July 31 report to the President: A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation “a cure to the persistent drags on real estate transactions that have prevented the consumer from experiencing the benefits now possible with digital technologies.”

Introducing Aclaro TrueView: The Fintech Solution Set to Revolutionize Lending Risk Analysis

MIAMI, Fla., Aug. 2, 2018 (SEND2PRESS NEWSWIRE) — Aclaro, the leading provider in blockchain-based open platform solutions, recently released its latest A.I. solution. The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending decisions.

Simplifile Signs 1800th County to Its E-recording Network, Platform Now Utilized by More Than Half of U.S. Recording Jurisdictions

PROVO, Utah, July 20, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Clallam County, Wash., is the 1800th jurisdiction to join Simplifile’s e-recording network. With this addition, more than 50 percent of recording jurisdictions nationwide are now using Simplifile’s e-recording platform.

OpenClose Launches DecisionAssist Mobile for Originators

SAN FRANCISCO, Calif., July 16, 2018 (SEND2PRESS NEWSWIRE) — OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company’s proprietary web-based product and pricing engine (PPE)

Aclaro to Bring the Power of Predictive Analytics to Lending Sector, Expands Operations in the US

MIAMI, Fla., July 11, 2018 (SEND2PRESS NEWSWIRE) — Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry. The new solution is Aclaro TrueView. Aclaro aims to equip lenders with the innovative tools needed for competitive advantage with its tech savvy, blockchain based predictive analytics platform that can be utilized without incurring heavy costs.

Global DMS Adds Appraisal Pre-Scheduler Functionality to its eTrac Valuation Management Platform

LANSDALE, Pa., June 21, 2018 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based valuation management software, announced that it has rolled out eTrac Pre-Scheduler, a newly released tool that that streamlines appraisal appointments, allowing lenders and AMCs that are leveraging eTrac to easily set predetermined appraisal dates, apply specific parameters, and broadcast appraiser communications.

LBA Ware Celebrates Its 10th Anniversary Serving the Mortgage Industry

MACON, Ga., June 21, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has achieved a decade in business this year. The company celebrated the official anniversary of its founding on June 10, the date of the company’s incorporation.

Two Tech Startups to Debut Technology at NEXT Mortgage Conference

DALLAS, Texas, June 14, 2018 (SEND2PRESS NEWSWIRE) — NEXT Mortgage Events LLC, creator of the only mortgage technology conference for women executives, has announced that startup tech firms ProxyPics and Zipwhip will debut their technology to the mortgage industry at the second biannual NEXT mortgage technology conference, which takes place on June 21-22, 2018 at Hotel ZaZa in Dallas.

Simplifile’s E-recording Platform Utilized by Recording Districts Representing More Than 80-percent of the U.S. Population

PROVO, Utah, June 13, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 31 additional recording jurisdictions located in 16 states throughout the Midwestern, Southwestern, and Western United States have joined Simplifile’s e-recording network.

NotaryCam Celebrates 100K Online Notarizations with Live Demo at National Settlement Services Summit (NS3) 2018

NEWPORT BEACH, Calif., June 7, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam, Inc. (NotaryCam) today announced that it has completed more than 100,000 online notarizations since introducing the service in 2012. To celebrate this milestone, NotaryCam will offer free demos of its eClose360 platform to attendees of the 2018 National Settlement Services Summit (NS3) being held June 6-8 at the Marriott Renaissance Center in Detroit.

Matic CEO Aaron Schiff Named 2018 HousingWire Rising Star

SHERMAN OAKS, Calif., June 6, 2018 (SEND2PRESS NEWSWIRE) — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

ARMCO Enhances Automation and Analysis in ACES Audit Technology

POMPANO BEACH, Fla., May 31, 2018 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology.

Phil Laren of MCT to Speak on MSR Liquidity Challenges Panel Session at MBA National Secondary Conference

SAN DIEGO, Calif., May 10, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services, Phil Laren, will be speaking on a panel at the MBA National Secondary Market Conference & Expo May 21 at the New York Marriott Marquis.

American Banker Magazine Names Mortgage Capital Trading to Inaugural Best Places to Work in Fintech List

SAN DIEGO, Calif., May 8, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.

LBA Ware Appoints Mortgage Technology Specialist Diana Sheffer as Solutions Consultant

MACON, Ga., May 3, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has hired Diana Sheffer as a solutions consultant to support the company’s sales and product implementation efforts. In this role, Sheffer will apply her 18 years’ experience in mortgage lending and technology consulting to connect LBA Ware’s clients with best-fit systems integration and process automation solutions to enhance performance-driven organizational growth.

Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE

WEST PALM BEACH, Fla., April 24, 2018 (SEND2PRESS NEWSWIRE) — OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose’s completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union’s growing mortgage lending division.

IDS, Inc. Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

SALT LAKE CITY, Utah, April 11, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac’s Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is “Not Successful” or a UCD was not submitted. (UPDATED)

HousingWire Honors Matic as a Top Innovator in Housing Tech for 2018

SHERMAN OAKS, Calif., April 4, 2018 (SEND2PRESS NEWSWIRE) — Matic, a fintech company whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, today announced it has been named to HousingWire’s 2018 Tech100 list of the most innovative tech providers in the housing industry.

Deutsche Bank Implements DocMagic’s eVault Technology

TORRANCE, Calif., March 29, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

Mortgage Technology Industry Veteran Tom Rice Joins OpenClose as Vice President Enterprise Account Executive

WEST PALM BEACH, Fla., March 22, 2018 (SEND2PRESS NEWSWIRE) — OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

IRVINE, Calif., March 20, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

Simplifile Debuts Enhanced Post-Closing Service to Automate Return of Trailing Mortgage Documents

PROVO, Utah, March 20, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has enhanced its Post Closing service to help lenders automate the return of trailing loan documents. This new service is designed to save lenders time on final Closing Disclosure (CD) reconciliation, eliminate time-consuming post-closing document management tasks, and provide a complete audit trail to reduce regulatory risk.

AccountChek by FormFree Will Integrate with Black Knight’s LoanSphere Exchange Digital Solution

ATHENS, Ga., March 13, 2018 (SEND2PRESS NEWSWIRE) — Automated verification provider FormFree(R) today announced that its award-winning AccountChek(R) asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.

OpenClose Bolsters Software Integration and Support Teams

WEST PALM BEACH, Fla., Feb. 16, 2018 (SEND2PRESS NEWSWIRE) — OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose’s existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.

Cloudvirga’s Kyle Kamrooz Named to MPA Hot 100 List of Top Mortgage Industry Innovators

IRVINE, Calif., Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine’s annual Hot 100 list of the leaders and visionaries making the biggest impact on America’s mortgage industry. Kamrooz was recognized for spearheading Cloudvirga’s transformative contributions to reducing mortgage back-office costs through digital mortgage technology.

Movement Mortgage Implements CompenSafe to Automate LO Compensation

MACON, Ga., Feb. 7, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that South Carolina-based Movement Mortgage has implemented CompenSafe(TM) to automatically calculate commissions for its loan originators (LOs) located in 700 branches across 49 states.

Subsequent QC, LLC Urges Lenders to Protect MSRs Ahead of Mortgage Servicing Activity in 2018

LOS ANGELES, Calif., Jan. 30, 2018 (SEND2PRESS NEWSWIRE) — Subsequent QC, LLC (SQC) President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.

LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations

MACON, Ga., Jan. 26, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company’s systems integration solution.

Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark

PROVO, Utah, Jan. 24, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile’s e-recording platform.

DocMagic Reaches 300 Million Mortgage eSignings as More Borrowers Opt for eSigning and More Lenders Require Proof of TRID Compliance

TORRANCE, Calif., Jan. 24, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures.

Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

IRVINE, Calif., Jan. 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM) CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer

IRVINE, Calif., Jan. 9, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm’s customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology

LANSDALE, Pa., Jan. 4, 2018 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight’s LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface

WEST PALM BEACH, Fla., Dec. 13, 2017 (SEND2PRESS NEWSWIRE) — OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services (AFR) to enable customers to access the company’s complete suite of flood services. Using the interface makes it quick and easy to order AFR’s various flood services directly from within OpenClose’s LenderAssist(tm) LOS.