Industry Briefs, March 27, 2024
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Planet Home Lending Rolls Out New Offerings
Planet Home Lending, Meriden, Conn., rolled out new programs.
Purchase EDGE and Cash 4 Homes give borrowers the ability to compete with all-cash offers.
Cash 4 Homes allows buyers to waive traditional financing and appraisal contingencies. If the financing is delayed, the buyer will have the security of a cash backup waiting at closing.
Purchase EDGE and Purchase EDGE Guarantee can provide a guaranteed buyer for a current home, the flexibility to stay in the current home for up to 30 days, a contingency-free purchase offer and a qualification benefit for a new home loan.
Embrace Home Loans Opens New Offices
Embrace Home Loans, Middletown, R.I. has opened new offices in East Greenwich and East Providence, R.I.
Branch Manger Mike Raffa leads the East Greenwich office and Branch Manager Jared Maxwell leads the East Providence office.
Both offices are seeking to add additional staff.
BlackFin Adds Argyle as Preferred Partner
BlackFin Group, Englewood, Colo., announced Argyle, New York, has been added to its Preferred Partners program.
Preferred Partners are peer-recommended by BlackFin Group and vetted by independent experts.
Argyle provides an automated income and employment verification platform.
Ladera Adopts Insellerate Product
Ladera Lending, Ladera Ranch, Calif., has adopted the Insellerate, Newport Beach, Calif., AI Call Assistant solution.
Insellerate highlighted improvements Ladera saw after implementation, including the ability to predict whether a customer will close a loan, a 21% reduction in unqualified inquiries and a 38% increase in worked opportunities.
Key features of the product include real-time scoring, advanced model building and intelligent follow up.
Xactus Announces Flood Zone Determinations Integration
Xactus, Broomall, Penn., announced a new flood zone determination integration using Encompass Partner Connect from Intercontinental Exchange, Atlanta.
Encompass Partner Connect enables the integration of third-party products and services with ICE mortgage technology solutions.
Other Xactus verification products that can be accessed via Encompass Partner Connect include Credit ReportX, Undisclosed Debt VerificationX, Tax TranscriptX, Employment VerificationX, Income VerificationX, Fraud ReportX and Social Security NotificationX.
