Trustmark can now easily facilitate digital closings powered by Snapdocs without ever leaving Finastra’s MortgagebotLOS

 

SAN FRANCISCO — May 2, 2023 — Snapdocs, the mortgage industry’s leading digital closing platform, today announced a new integration with Finastra’s Mortgagebot loan origination system (LOS) to support Trustmark’s eClose transformation. The integration allows Trustmark’s lenders nationwide to execute closings in one centralized workflow – using Snapdocs’ digital closing platform within the MortgagebotLOS platform – to drive faster closing times, reduce operating costs, and enhance the borrower experience. This partnership is the latest of five different integrations built by Snapdocs in just 12 months to give lenders the ability to connect their technology portfolio and further streamline the shift to digital closings.

“The transition to digitized processes is the most successful when the technologies in a lender’s existing stack work harmoniously together,” said Camelia Martin, Vice President, eMortgage Strategy & Industry Affairs. “Our continued effort to expand our partner network and accompanying integrations with leading providers like Finastra is essential in creating more value for the entire mortgage ecosystem.” 

Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK), is already using the integration to automate the closing process across their technology ecosystem and deliver upleveled customer experiences. 

“Our mission since our founding in 1889 has been to achieve outstanding customer satisfaction. The integration between Snapdocs and MortgagebotLOS will build on the strong foundation we’ve built to move to digital mortgages by simplifying the eClosing process for all parties involved, and making it significantly easier for our borrowers to quickly review and sign closing packages the way they prefer,” said Robert Parker, Senior Vice President – Mortgage Services, Trustmark.

With the new integration, Trustmark lenders can easily facilitate digital closings powered by Snapdocs and finalize transactions without leaving MortgagebotLOS. Lenders can order required closing documents and data within MortgagebotLOS and securely transmit them to Snapdocs to initiate the closing process. The completed documents are then encrypted and returned to MortgagebotLOS for secure storage. The result is a more efficient and transparent experience for all parties involved in the closing. 

“Our partnership with Snapdocs further validates our work to create a solution that’s open to innovation, and empowers our joint customers to adopt the technology and tools they need to grow in any type of market,” said Mary Kay Theirault, Director of Product Management at Finastra. “We’ve long admired Snapdocs’ work to redefine the mortgage experience and streamline what has traditionally been a very manual and labor-intensive process. This integration will only accelerate the move to digital mortgage closings and create a more efficient, secure, and transparent process for all participants.”For more information and Finastra customers interested in the integration, please visit: www.snapdocs.com/mortgagebot. 

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Expanded team to support new client acquisition and enhance client service

 

ATLANTA, Ga., May 2, 2023 — Down Payment Resource (DPR), the housing industry’s leading technology for connecting home buyers with homebuyer assistance programs, today announced that it has brought on four new team members to grow its sales footprint, expand its relationships with housing finance agencies (HFAs) and provide enhanced support to DPR’s growing customer base.

“Intense consumer demand for homebuyer assistance has driven explosive usership across our tools for lenders, agents and listing sites — prompting us to grow our team with the addition of four incredibly knowledgeable and passionate housing finance professionals,” said DPR Founder and CEO Rob Chrane. “I look forward to working with the expanded DPR family to champion innovative tools, strategies and programs that make homeownership more affordable and accessible for everyone.”

The newly appointed team members are:

• Tani Lawrence, Enterprise Sales Executive

As Enterprise Sales Executive, Lawrence is responsible for driving business growth by showing housing professionals how DPR’s solutions can help them better serve homebuyers and conduct operations more efficiently. Previously, Lawrence served as senior business development executive at a document fulfillment fintech, where she signed the company’s largest lender client, and in a business development role at Optimal Blue, where she specialized in its Comergence risk management toolset.

• Angel Romero, HFA relationship manager

As HFA Relationship Manager, Romero wields more than a decade of mortgage industry experience to build and maintain DPR’s relationships with hundreds of HFAs nationwide. Before joining DPR in March 2023, Angel served as AVP, post-closing manager and resident housing program expert at Cherry Creek Mortgage, where she helped drive the company's expansion into underserved markets and streamline down payment assistance (DPA) operations.

• Keith Futrell and Kathy Gault, DPA Program Specialists

As DPA program specialists, Futrell and Gault will use their extensive knowledge of compliance guidelines, DPA programs and affordable lending processes to provide DPR partners custom DPA insights and strategies.

Futrell has nearly two decades of housing finance industry experience as a mortgage account manager, processor and underwriter, and he has specialized knowledge underwriting DPA programs. In his previous role as an underwriter for Allen Tate Companies, Futrell reviewed and issued two or more loans per day on average and was named MVP of Underwriting in 2019 and 2021.

Prior to joining DPR, Gault was senior strategic products and affordable housing programs coordinator at Mountain West Financial, Inc. In this role, Gault curated the lender’s DPA program roster, trained loan originators on new DPA programs and managed DPA programs.

 

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Clear Capital's Universal Data Collection product available to be ordered, fulfilled through CoreLogic Valuation Workflow Solutions

 

RENO, NV / ACCESSWIRE / April 20, 2023 / Clear Capital, a national real estate valuation technology company, today announced an expanded relationship with CoreLogic, a leading global property information, analytics and data-enabled solutions provider, to assist lenders in modern valuation and appraisal readiness. Through an existing integration, Clear Capital's recently launched Universal Data Collection (UDC) product is now available to be ordered and fulfilled through CoreLogic's suite of Valuation Workflow Solutions.

Together, Clear Capital and CoreLogic are supporting industry-wide modern appraisal efforts by providing the ability for lenders to order data collection products in a streamlined way. CoreLogic’s platforms make workflow and order management easier for lenders, and with UDC, lenders can ensure that both Freddie Mac and Fannie Mae data standards are met. This provides quick and easy transfer to the agency with the loan program that best meets the borrower's needs.

 

"The key to appraisal modernization is wide-spread adoption, and alongside CoreLogic, we are expanding access to modern appraisal tools with the aim of pushing the mortgage industry closer to this new standard," said Kenon Chen, EVP of Strategy and Growth at Clear Capital. "We have been long-time partners with CoreLogic, and we are looking forward to continuing to collaborate as we advance appraisal modernization together."

Clear Capital's UDC property data collection solution provides interchangeability and less complexity in management of loans, as well as ease of adoption by integrating with CoreLogic's Valuation Workflow Solutions. In addition to the flexibility provided, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time.

"At the root of our alliance is simplifying ordering and creating an efficient set-up and implementation process for lenders," said Bob Jennings, Executive of Platforms, Collateral, & Risk Solutions at CoreLogic. "Clear Capital and CoreLogic have supported the industry together for some time now, and this expansion of our relationship is a natural next step as the industry embraces a more modern approach to valuations."

CoreLogic's Valuation Workflow Solutions power over 1,400 of the nation's mortgage lenders. Clear Capital currently serves more than 70 market leaders through integrations into CoreLogic's platforms, and have delivered tens of thousands of monthly valuation orders across loan origination and loan servicing clients.

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