Acquisition Expands Quote to Order Capabilities and Enables Digital Mortgage

SAN DIEGO, Calif. January 7, 2020 – ClosingCorp^®, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, and WEST, a Williston Financial Group Company and leading provider of technology and services to REALTORS^®, brokers, title companies and mortgage lenders, announced today that ClosingCorp has acquired WESTvm, an innovative order management solution, from WEST. Terms of the acquisition were not disclosed.

The first loan-centric ordering technology available in the market, WESTvm significantly streamlines the ordering and management of critical settlement services needed to originate or service a loan. It allows lenders to order appraisals, flood certifications, title and closing services and documents in less than sixty seconds.

ClosingCorp said it is renaming the WESTvm platform as ClosingCorp Order Management, and its fee management service, SmartFees, as ClosingCorp Fees. Both solutions are immediately available through Ellie Mae Encompass Digital Lending Platform and ClosingCorp’s standalone web portals. The company will also build other third-party integrations.

"For more than a decade, lenders have turned to ClosingCorp for accurate and reliable settlement services data. This transaction further strengthens ClosingCorp’s position as the market leader in closing cost information and technology,” said Bob Jennings, chief executive officer of ClosingCorp. “Lenders will now be able to quote, order, track and receive specific services - within a loan file - all at the click of a button.  Integrating our fees and order management solutions will help lenders leverage automation from borrower engagement through investor delivery and servicing.”

The solution also delivers automated vendor allocation to help drive down costs and time of loan origination: a key deliverable in many data-driven transformations.  Having access to even more current loan level data will enable lenders and closing agents to review and collaborate before heading to the closing table, creating a better overall borrower experience.

Jennings continued, “I’m pleased to welcome Lance Melber and his team to the ClosingCorp family. They will bring additional expertise and imagination to our leadership team.”

As part of the acquisition, ClosingCorp will continue to offer a private-label order management solution to WEST’s customers and partners. Commenting on the acquisition, Marty Frame, president of WEST said, “The growth of WESTvm has been remarkable, and this transaction with ClosingCorp will create additional distribution channels to better serve our customers. We have been impressed with the ClosingCorp team and the vision we share to deliver a more efficient and innovative order management experience. It’s a win-win for everyone.”

IRVINE, Calif., December 19, 2019— CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that it has fully integrated its leading Verification of Employment and Income solutions with Fannie Mae’s Desktop Underwriter^® (DU^®) validation service. Through this integration, mortgage lenders can now receive both automated and manual borrower employment and income verifications from CoreLogic as part of the DU validation service so they can get Day 1 Certainty® from Fannie Mae, providing lenders with automated access and rapid representations and warranties relief for validated loan components.

This milestone advances CoreLogic industry leadership in providing complete credit, income and borrower verification solutions while establishing a broader path to growth in the digital mortgage space. With Fannie Mae’s approval, CoreLogic is now able to provide clients with a comprehensive suite of Day 1 Certainty borrower verification solutions, delivering efficiency, growth and certainty to customers.

“At CoreLogic, we are laser-focused on innovating solutions to help our clients take time, touch, and cost out of every origination,” said Jay Kingsley, executive, CoreLogic Credit and Borrower Solutions. “With this announcement, CoreLogic has achieved a major milestone in our growth strategy for AutomatIQ^TM Borrower and our march toward the digital mortgage: we are now able to provide our clients with truly end-to-end verification solutions, which helps accelerate our growth and the value we deliver to clients in 2020 and beyond.”

For more information about CoreLogic Day 1 Certainty solutions, visit www.corelogic.com.

WASHINGTON D.C. (December 18, 2019) – The MBA Opens Doors Foundation (Opens Doors) today announced a new alliance with Children’s Hospital of Philadelphia (CHOP), establishing Opens Doors’ first collaboration with a Pennsylvania-based hospital. As part of the alliance, Open Doors will work with CHOP social workers to identify families with critically ill or injured children in need of mortgage or rental payment assistance as potential grant recipients.

The Opens Doors-CHOP alliance is made possible by a financial commitment of $800,000 over four years from Freedom Mortgage and Radian Group Inc.

“As Opens Doors continues to grow, we are thankful to Radian and Freedom for their gracious support. I, along with Opens Doors President Deborah Dubois, look forward to helping families through this alliance,” said Debra W. Still, CMB, President and CEO of Pulte Mortgage and Chairman of the foundation's Board of Directors.

CHOP represents one of Opens Doors’ largest network hospitals with 564 in-patient beds and more than 1.3 million outpatient visits a year.

“The financial impact of caring for a critically ill child can be devastating to families,” said JoAnn Duffy, Director of Social Work at Children’s Hospital of Philadelphia. “The MBA Open Doors Foundation helps to alleviate some of this stress, allowing families to stay in their homes while they manage the multiple challenges associated with illness and hospitalization. We extend our deepest appreciation to Freedom Mortgage and Radian Group Inc. for helping our patient families access this very important program.”

Radian and Freedom’s multiyear support guarantees that Opens Doors will be able to help families in need from Philadelphia and across the country for the foreseeable future.

“I am thrilled to connect and support the Opens Doors Foundation with Children’s Hospital of Philadelphia,” said Stan Middleman, President and Chief Executive Officer at Freedom Mortgage. “Freedom Mortgage is proud to back this program and help families find some financial comfort during heartfelt and challenging times. Children are our greatest joy.”

“We are excited to come together with MBA Opens Doors Foundation and launch our alliance with the Children’s Hospital of Philadelphia,” said Rick Thornberry, Chief Executive Officer at Radian. “The City of Brotherly Love is home to Radian, and we are honored to bring this collaboration to our region to help serve families in the greater Philadelphia area. Together, we will help more families stay in their homes while their child is in treatment.”