Industry Briefs, Oct. 7, 2024
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Dark Matter Brings NOVA LOS to Lineup
Dark Matter Technologies, Jacksonville, Fla., announced the addition of the NOVA Loan Origination System to its product lineup.
Now, Dark Matter offers two distinct LOS products–NOVA and Empower–and can cater to a wider range of business models. The NOVA LOS specifically provides a solution with minimal administrative overhead that is ideal for smaller lenders.
The NOVA LOS was acquired by Perseus Operating Group of Constellation Software in 2019. Dark Matter was formed under Perseus in 2023.
Xactus Adds Thomas & Co. to Employment Verification Waterfall
Xactus, Broomall, Pa., announced it has added Thomas & Co.’s Wage and Employment Verification service to its employment verification waterfall.
The waterfall is within the company’s digital verification platform, Xactus360.
The partnership will add tens of millions of records to its platform spanning many industries and companies.
Ncontracts’ Michael Berman, Stephanie Lyon Publish Book
Ncontracts, Brentwood, Tenn., announced Founder and CEO Michael Berman and Vice President of Compliance Stephanie Lyon have released a book: The Upside of Compliance: Empowering Financial Institutions to Thrive.
It’s the second installment in Ncontracts’ The Upside Series: Strategic Success for Financial Institutions, and offers a new perspective on regulatory compliance. The first installment, published by Berman in 2021, was The Upside of Risk: Turning Complex Burdens into Strategic Advantages for Financial Institutions.
The Honorable Kathleen L. Kraninger, President and CEO of the Florida Bankers Association and Former Director of the Consumer Financial Protection Bureau, wrote the foreword.
The book is available on Amazon.
OptifiNow Deploys Platform with ARC Home
OptifiNow, Seal Beach, Calif., announced the deployment of its CRM platform with Arc Home, Moorestown, N.J., a non-QM wholesale lender.
Arc Home said it selected OptifiNow for its sales and marketing operations for its proven track record. It is tailored specifically for third-party origination mortgage lenders.
It includes a unique broker scoring system that can automate Arc Home’s account policies and a flexible tagging system.
