New functionality enables customized, comprehensive real-time searches of the Department of Defense database that accompanies robust reporting

RANCHO SANTA MARGARITA, Calif., Feb. 20, 2019 — Quandis, Inc., a leading default management mortgage technology provider, announced that it incorporated functionality into its Military Search service that empowers clients with the ability to easily customize real-time monitoring data analysis that is more explicit and inclusive in nature, returning the most granular searches in the industry for active military personnel along with detailed reporting.

Quandis Military Search (QMS) is an all-in-one solution that verifies up-to-the-second information on active duty military status to help organizations comply with the Servicemembers Civil Relief Act (SCRA) of 2003, which has stringent rules and processes that must be followed before starting mortgage foreclosure proceedings on borrowers that hold active duty status in the United States military. Stiff fines, penalties and lawsuits can result from active military personnel that are improperly pursued in the default process.

The new functionality works by providing organizations with the ability to define “monitoring cycles” for their data, which automatically runs SCRA searches using both client defined criteria and schedules. The continual search cycles allow for comparison of key SCRA data points over time thus identifying any changes in SCRA eligibility. The expanded functionality reports on specific data points as defined by unique client needs.

“Our development of QMS monitoring takes SCRA compliance adherence a step further by putting users in full control of their data and preferences as to how, when and to what degree of finality they would like to execute searches,” explained Greg Kent, vice president of data services at Quandis. “Our clients no longer require IT resources to compare and detect SCRA status changes.”

QMS delivers a highly accurate, cost effective, easy method for combing the Department of Defense (DoD) database to identify all possible name variations and aliases, complete with name permutations to reduce the risk of missing a borrower that has active duty status. An official military status report and certificate is returned from the DoD within 24 hours demonstrating proof of compliance.

QMS automates bulk as well as individual searches and can be used as a standalone solution or as integrated with leading attorney case management systems (CMS), servicing platforms and legacy applications to return and populate search certificates along with relevant data. The solution is being successfully leveraged by foreclosure attorneys, servicers, lenders, banks and third party outsourcing providers.

Quandis is a HousingWire Tech 100 company, has been named a Top 50 Service Provider by Mortgage Technology magazine multiple years in a row, and QMS also received a mortgage technology product-based award commendation from SourceMedia.

About Quandis:

Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit https://www.quandis.com/ or call (949) 525-9000.                                                        

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SAN DIEGO, Calif., Feb. 19, 2019 – Mortgage Capital Trading (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the 2018 STRATMOR Technology Insight Study rated MCT as the leader in overall satisfaction, lender loyalty, and functionality effectiveness in the production pipeline hedging industry, according to survey respondents.

According to STRATMOR Group, “72% of respondents use third-party tools for Production Pipeline Hedging and 29.9% chose Mortgage Capital Trading (MCT) to conduct these analyses. Further, MCT’s Lender Loyalty Score^TM value is an impressive 81; 20 points higher than the overall average score.”

The STRATMOR Group study results were gathered from a broad group of lender executives with the goal of providing lenders with data on the technology solutions available in the market today. Of the executives who responded to the survey, 45 percent were the head of, or part of, the technology department. Additionally, more than two-thirds of respondents were independent mortgage bankers, while 31 percent were banks or credit unions. Visit the study web page to learn more or purchase the full report.

 

“There’s never been a better time to be at MCT,” said Curtis Richins, President of MCT. “We have so many new technologies and innovations rolling out that everybody is excited about the future. We’re proud clients still experience the same boutique-style customer service despite our rapid growth.”

In the study, MCT was ranked the leader in overall satisfaction and functionality effectiveness ratings. Survey respondents gave MCT an overall satisfaction score of 9.1 out of 10, compared to the overall average satisfaction rating of 8.3. Additionally, MCT was the highest-rated vendor across nine areas of functionality effectiveness, including margin tracking, ease of use, reporting capabilities, and overall customer support. The majority of clients rated MCT as “highly effective / competitively advantaged” in eight of the nine functionality effectiveness areas.

“We’re very pleased with the results of STRATMOR’s 2018 Technology Insight Survey,” says Richins. “The results reflect MCT’s relentless mission to provide clients with ground-breaking new technology, such as the recently released bid tape AOT tri-party agreement automationwithin the Bid Auction Manager (BAM) whole loan trading platform.”

“Before the Tri-Party automation, I had to write in all the fields, print and attach all the confirms, sign, scan, and send for every assignment-of-trade,” said Andrew Stringer, Directory of Secondary and Capital Markets at First Bank in a recently published case study. “Without the automation, I probably wouldn’t bother with AOT transactions very often, because the time cost might outweigh the pickup.”

 

To learn more about MCT’s unique blend of award-winning technology and best in class customer service, visit https://mct-trading.com/.

 

 

ABOUT MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry’s leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

 

ABOUT STRATMOR GROUP:

STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions using comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. The company is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables program. Find out more about STRATMOR on its website at www.stratmorgroup.com.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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IRVINE, Calif., Feb. 19, 2019-Consolidated Analytics, a one-stop provider of property valuation, asset management, due diligence, fulfillment and advisory services for the real estate finance industry, today announced the appointment of Mike Jones as chief financial officer (CFO). In this role, Jones will be responsible for developing and implementing financial strategies that will support the company's overarching M&A integration strategy and drive corporate transformation initiatives.

Jones has over 25 years of experience leading corporate finance, loan and portfolio accounting, operations management, technology transformation and growth strategies for both start-up and multi-billion dollar companies operating in the finance space. He most recently served as chief financial officer and chief information officer at Southwest Stage Funding (DBA Cascade Financial), a growing retail mortgage bank and asset lender, where he developed financial and technology strategies that optimized and scaled processes, systems and personnel. Over the course of his career, Jones held CFO roles at reputable organizations such as Home Point Financial, Clara Lending, and United Wholesale Mortgage.

"The great thing about Mike is that he's not a one-trick pony," said CEO Arvin Wijay. "As we continue to drive transformation and alignment of our subsidiary operations under the Consolidated Analytics brand, Mike's diverse experience across finance, technology and operations will ensure the implementation of best-fit financial strategies, best practices and innovative tools and technologies necessary for effective and coordinated growth."

In recent years, Consolidated Analytics acquired multiple mortgage services companies including Equitable Mortgage Solutions, a mortgage fulfillment provider, OpExNow, a leading mortgage operations advisory firm, and most recently, Carrington Property Services, a valuation, REO asset management and rental management company.

Jones has a wealth of experience developing strategies that support financial and enterprise integration, which plays well into Consolidated Analytics vision to be a one-stop solution for businesses in the real estate finance industry.

"When you acquire companies and build out new services, there are a lot of moving pieces to consider," said Brian Gehl, co-president at Consolidated Analytics. "While leaders across our businesses are far along identifying and developing product and solution synergies, Mike's experience driving financial and operational transformation will keep the momentum going and add a layer of discipline to bring some of the most compelling joint initiatives to the finish-line."

About Consolidated Analytics, Inc.

Founded in 1996, Consolidated Analytics, Inc. is a diversified provider of solutions to the mortgage services industry. Extending through all channels of origination, risk management, secondary, servicing and portfolio management the Consolidated Analytics companies provide innovative, comprehensive and fairly-priced products and services in the areas of valuation, due diligence, fulfillment, advisory, risk management and asset management.

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