Industry Briefs March 5, 2024
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ACES Quality Management Announces New Product
ACES Quality Management, Denver, announced the new ACES Call Monitoring Audit Pack.
It can help lenders and servicers establish an additional layer of protection within their QC program. It includes custom data fields, ACES-managed questionnaires and custom reports.
Call Monitoring is essential to any substantial risk management program as required by the Consumer Financial Protection Bureau (CFPB) and under the Telephone Consumer Protection Act (TCPA), the Fair Debt Collection Practices Act (FDCPFA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as well as state-specific laws
Matic Insurance Teams With GVC Mortgage
Matic Insurance, Columbus, Ohio, announced a partnership to provide P&C Insurance products to GVC Mortgage customers, integrating Matic’s marketplace into the GVC Mortgage offerings.
The partnership will allow Matic to make personalized insurance offers across GVC Mortgage’s originations channels. Matic’s platform will help lenders minimize loan closing delays and improve operational efficiencies.
In addition to home and auto insurance, Matic will offer umbrella, food, dwelling fire and other personal lines of insurance to GVC Mortgage customers.
Truv, Dark Matter Technologies’ Integration Rolled Out
Truv, Las Vegas, announced a new integration with the Dark Matter Technologies, Jacksonville, Fla., Empower loan origination platform and Exchange Service network.
It will provide Truv clients with enhanced streamlining capabilities.
Key features include accelerated loan processing times, efficient workflow automation, cost savings and free reverification, among others.
Paradatec Launches New Analytics Module
Paradatec, Wilmington, Del., announced a new analytics module in its AI-Cloud platform.
The module can automatically compare system-of-record data from different systems with extracted and calculated data from source documents and datasets.
It can improve overall data accuracy and flag unusual data, helping to reduce labor costs and improve the quality of loan files. It uses a flexible rules engine, allowing clients to augment Paradatec’s rules with their own.
LoanLogics, BaseCap Analytics Announce Partnership
LoanLogics, Jacksonville, Fla., announced a partnership with BaseCap Analytics, New York.
The partnership integrates BaseCap’s advanced rules engine for automated data validation and transformation and LoanLogics’ mortgage-specialized document processing through automated document recognition (ADR) and automated data extraction (ADE) technologies.
This will enable lenders and servicers to have greater access to their data and ensure higher data quality.
Companies Partner With Calque on Trade-In Mortgage
Calque, Austin, has announced a number of company partnerships to offer the Trade-In Mortgage across various states.
Trade-In Mortgage allows homebuyers who own a home to access equity in it before they sell.
Recently announced partnerships include HMA Mortgage, Pittsburgh, Pa.; New Way Mortgage, Sacramento; and Augusta Mortgage Co., Augusta, Ga.
