CoreLogic has announced the availability of new real estate agent Web site technology for the AgentAchieve platform. The new technology allows real estate agents to present a modern, personalized website experience to their clients, while leveraging the integrated eMarketing, Customer Relationship Management (CRM), and other capabilities included in the AgentAchieve platform. The new sites utilize responsive design for display on a variety of browsers and platforms, allowing agents to serve their consumer clients on tablets, smartphones or other mobile devices.Click to continue
Mortech, a Zillow business providing mortgage technology software solutions for mortgage bankers and secondary market teams, has announced the release of new LPMI products and functionality to the suite of Consumer Financial Protection Bureau (CFPB) compliance tools built into Mortech’s Marksman product and pricing engine. Mortech released the compliance tools last November to allow loan originators to manage compliance upon intake, prior to the loan application entering the loan origination system, and has been adding functionality since then.Click to continue
a la mode’s Mercury Network has announced the expansion of its SureReceipts service to a universally available eDisclosure compliance solution. SureReceipts securely sends any document to borrowers in compliance with disclosure requirements, and it automatically produces an audit trail on every send for compliance verification.
SureReceipts can be deployed quickly by lenders of all sizes, and is now available as a stand-alone, Web-based service or as an API for integration in existing workflow systems.Click to continue
Global DMS has announced that Forsythe Appraisals LLC is leveraging the eTrac Enterprise platform to manage appraisal ordering, tracking and review for all of its branch offices covering 40 major metropolitan areas across the country. The solution centralizes and streamlines operations and effectively replaced Forsythe Appraisals’ proprietary valuation management system.Click to continue
Question: May I deliver an appraisal and other valuations to the applicant(s) via e-mail, thereby reducing the waiting period required prior to closing?
Answer: In order to provide an answer to this question, many issues need to be discussed.
By now, everyone in the mortgage industry should be aware of the new ECOA Valuations Rule which applies to all applications received on or after Jan. 18, 2014. Click to continue
The Federal Financial Institutions Examination Council (FFIEC), this past December, published a 19-page document detailing practices related to social media. In it, the FFIEC states “the use of social media by a financial institution to attract and interact with customers can impact a financial institution's risk profile. The increased risks can include the risk of harm to consumers, compliance and legal risk, operational risk, and reputation risk.Click to continue
United Wholesale Mortgage (UWM) has announced the development and launch of a feature rich mobile application for its broker community. The application arms brokers with robust functionality and easy access to loan information while in the field.Click to continue
a la mode announced that Mercury Mobile, a new iOS app enabling appraisers to respond to new Mercury Network orders instantly, is now available at no charge for iPhone and iPad in the Apple App Store. An Android version of the app will also be available soon.
Lenders and AMCs placing orders on the Mercury Network will see instantaneous turn time improvements, since it handles any type of Mercury order with no changes in workflow at the client or vendor ends.Click to continue
ClosingCorp has enhanced its SmartGFE service to include single sign-on capability for clients using Ellie Mae’s Encompass mortgage management solution to improve the user experience and increase productivity.
Single sign-on provides access to multiple related but independent systems, in this case SmartGFE and Encompass. Users gain access to both systems by logging into any version of Encompass without being prompted to login separately to SmartGFE, which saves the user time and enables a seamless “one system” workflow.Click to continue
Question: Recently, our firm came under a “phishing attack.” Our IT people fixed the problem, but we really don’t know what happens in a phishing attack. Can you explain it in layman’s terms? Also, How can we prevent this kind of cyber attack?Click to continue