Industry Briefs, March 25, 2024
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Clearwater Analytics Introduces Clearwater MLx
Clearwater Analytics, Boise, Idaho, announced Clearwater MLx, a platform for mortgage loan investors.
Clearwater MLx is a platform to provide investment professionals with the ability to make informed decisions at every stage of the loan lifecycle, from origination and deal management, to analytics, accounting and reporting.
Among others, it can provide investors with features such as viewing their allocation by various factors, identifying potential risks through automated loan analytics and understanding the total exposure to specific issuers.
Floify Launches Lender Edition
Floify, Boulder, Colo., launched Lender Edition, a newly badged version of its mortgage point-of-sale system that includes a flexible per-loan pricing option for lenders.
It is a counterpart to Broker Edition, a platform for the needs of brokers that was introduced in December.
Lender Edition has features including an intuitive interface, automated document management workflows, free native eSign functionality, verification of income and employment waterfall functionality and loan progress transparency. Floify says it will introduce new integrations in coming months.
Built Expands Platform to Real Estate Owners, Developers
Built, Nashville, Tenn., is launching an expansion of its platform for real estate owners and developers.
It aims to address challenges such as budget project management, compliance, invoice collection and payment processing.
The platform can integrate budget management with compliance and payables workflow while simplifying the draw request process. Coupled with vendor management and embedded payments, Built says its new expansion can ensure development deals are completed on time and within budget.
Seroka Marketing, Optimal Blue Partner
Seroka Marketing & PR, Brookfield, Wis., announced a relationship with Optimal Blue, Plano, Texas, to provide lender customers on the OB Social Cloud with customized social media strategies and content.
The OB Social Cloud platform has features such as easy customization and pre-approved scheduling of posts. It also provides reports to help lenders pinpoint their social media strategies.
Seroka will work with those customers to provide services including developing in-depth social media plans, creating posts and overseeing day-to-day social media activities.
Cornerstone Servicing Taps Bizzy Labs’ Libretto
Cornerstone Servicing, Englewood, Colo., selected Libretto from Bizzy Labs, Irving, Texas, to provide daily exception processing on its servicing portfolios.
The first Bizzy Labs client using Black Knight’s MSP mortgage servicing system, Cornerstone Servicing is also set to market Libretto as a selling feature to its subservicing clients and prospects.
Libretto is a servicing quality assurance compliance program that uses a comprehensive library of over 1,000 business rules run daily against entire servicing portfolios to identify servicing compliance deadlines and data quality anomalies.
Verus Mortgage Capital Releases 2023 RMBS Numbers
Verus Mortgage Capital, Washington, D.C., announced it was the top issuer of non-agency mortgage-backed securities in 2023.
The non-QM sector represented about 40% of total issuance in the non-agency space.
Verus specializes in expanded credit/non-QM and investor rental loan programs and financed 11 deals totaling more than $5.71 billion.
NotaryCam Touts RON Growth in 2023
NotaryCam, Newport Beach, Calif., announced significant growth in 2023, with a 46% expansion of its independent notary platform customer base.
It also expanded the number of loss mitigation-related RON transactions by 115%.
NotaryCam also noted it became an approved RON provider in North Carolina, Delaware and Illinois, and prepared its platform to begin providing services in California after legislation was recently passed there.
