Oct. 11, 2018 —Land Gorilla has integrated its Construction Loan Manager solution is now integrated with zlien, the world’s first and only collaborative construction payment ecosystem.

This industry-first integration digitizes the lien waiver process for draw management, condensing turn time for construction loans from days to just minutes.

Statutory state-specific lien waivers can be quickly generated for draw requests managed within the CLM. The simplified process allows lenders to create, distribute, execute and collect lien waivers, including requesting e-signatures. The integration provides an efficient and accurate method to manage lien waivers and avoid liens that complicate and delay projects.

The integration enables lenders to:
Generate pre-populated state-specific lien waivers.
Request electronic waivers with an e-signature.
Validate that waivers are completed correctly.

“Our integration with zlien is a game-changer for lenders,” says Sean Faries, CEO of Land Gorilla. “Lenders can confidently manage the payment process while protecting their lien priority and increasing project completion. Zlien has been a leader in empowering a fair payment process for the construction industry and we welcome them as a valued technology partner. We are excited to offer our customers this innovative solution who will no doubt benefit from its use.”

"This partnership is about empowering companies to get what they have earned," said Coy Henderson, Director of Business Development,zlien."The industry is reliant on all types of companies coming together and successfully collaborating time and again to serve our customers. Fortunately for the construction industry, Land Gorilla has been driving innovation and spearheading change for lenders,which also shows in our integration. We are truly excited to work with the Land Gorilla team and usher in a better future for so many."

Oct. 4, 2018--Mortgage credit availability decreased in September, according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association  which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

The MCAI decreased 0.8 percent to 182.1 in September. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI increased (up 1.2 percent) and the Government MCAI decreased (down 2.5 percent). Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 2.7 percent while the Conforming MCAI decreased by 0.7 percent.

“Credit availability moved lower in September, as tightening in the government index offset an increase in conventional credit availability. The decline in government credit was driven by fewer streamline offerings as well as a decline in loan programs with lower credit requirements. The government index is at its lowest level since July 2015. The jumbo subindex increased for the fifth time in six months and reached its highest level since we started tracking jumbo credit,” said Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

Advanced Data has hiredJon Maynell as the company’s president and a member of its board .Maynell brings more than 25 years of experience in all areas of mortgage technology including sales, marketing, functional design, and client success. Most recently, Maynell was Executive Strategist for Black Knight, following Black Knight’s acquisition of Motivity Solutions in 2016, where he served as vice president of client services.
“Jon is a very familiar face in mortgage technology, and we’re excited to have him join our team to continue growing our operation. Jon brings exceptional leadership skills, relevant market experience, and a track-record of growing business at a fast pace,” said Allen Johnson, Advanced Data’s founder and CEO. “We feel confident that Jon has the experience to lead our digital verifications initiative, including our proprietary eVoe. I’ve been impressed with Jon’s drive and know he will be an asset to our vision and goals for the next decade. We are pleased to welcome him to our rapidly growing organization.”
While at Motivity, Maynell emerged as a thought leader in the application of business intelligence and data centric strategies in mortgage lending and has been a frequently featured speaker at national industry conferences in recent years.
Maynell commented, “I am thrilled to be joining Advanced Data at this exciting time in their development and am looking forward to continuing my career in a role where I can be part of the growth of a company that makes a clear impact to a client’s bottom line.”