Fintech Figure Technology Solutions introduced a combined lien and eNote registry service for private and wholesale lenders.
The company’s Digital Asset Registration Technologies system allows lenders to originate, pledge, and sell loans through a monitoring service that ensures the smooth progression of asset transfers. It is designed as an alternative to Mortgage Electronic Registration Systems.
The company calls it a “pivotal solution for mortgage processing” that can save lenders time and money by eliminating manual work and document processing.
“Offering DART to our partners represents a transformative opportunity in the mortgage industry, helping to usher in an era of digitization and expedited transactional processing,” said Jackie Frommer, Figure president.
“We believe that expanding the use of DART technology through our…
Rick Allen has been named Chief Operating Officer at Optimal Blue, the company announced in a press release.
In his new position, he will focus on operational oversight across the company and work to enhance efficiencies and execution.
“Our clients have long relied on our technology and data to operate profitably and efficiently, and our ability to serve them has always come from our own ability to operate with agility,” said Allen.
“It’s a privilege to step into this role and assume executive oversight of Optimal Blue’s operations so we can continue delivering the highest quality products and services to our customers and partners.”
Allen was promoted from his position as Chief Administrative Officer. He brings nearly four decades of…
Banking platform Blend is betting on IMBs with its latest offering, a bare-bones, low-cost product for small lenders.
Blend IMB Essentials, a stripped-down version of Blend’s mortgage suite, provides the features necessary for retail independent mortgage banks to succeed in today’s market.
Small lenders can pay for just the features most critical to their banking needs, reducing the cost burden of cloud banking technology.
IMB Essentials includes Blend’s famous application process, soft credit pulls for cost savings, hard credit pulls, automated conditions management, and real-time loan pricing and scenarios. Customers whose businesses grow can also easily scale up to Blend’s full offering later.
“This is a historic time for our industry. The mortgage market is grappling with the effects of…
Mortgage tech company ReadyPrice launched an independent universal delivery portal, the company announced in a press release.
Independent mortgage brokers can source loans from multiple lenders, lock them in, and deliver them to borrowers on a single platform.
“Independent mortgage brokers are the core of our industry, and they’re needed now more than ever. They help thousands of borrowers navigate an increasingly complex economic environment,” said ReadyPrice Founder and CEO, Rick Soukoulis.
“Our universal delivery portal gives brokers what they need most—more time to focus on their borrowers, and more confidence that they’re delivering the best deals possible.”
The platform is powered by DataX, a proprietary data exchange system linked to the industry’s largest LOS. It can deliver loans for…
Dan Kellett has been named Chief Technology Officer of the data and workflow solutions company FirstClose.
In his new position, Kellett will oversee FirstClose’s technology and strategy regarding applications, data, cybersecurity, and infrastructure.
“It’s exciting to join FirstClose at this time of immense change, challenges, and innovation in the mortgage industry,” Kellett said. “FirstClose’s focus on providing a true digital home equity experience makes this a unique opportunity, and by expanding the ecosystem leveraging our platforms and provider network, we’ll increase our speed of adoption which will keep us at the forefront of mortgage innovation.”
Kellet brings more than a decade of software engineering and leadership experience to the position. Prior to FirstClose, he served as Head of Technology and…
