Industry Briefs, Feb. 3, 2025
(Image courtesy of Markus Winkler via pexels.com)
iEmergent Releases New Dashboards
iEmergent, Urbandale, Iowa, announced the release of four new market intelligence dashboards.
The dashboards are powered by iEmergent’s Mortgage MarketSmart and are designed for flexibility and ease of use. Built-in sharing capabilities allow lenders to instantly send dashboard insights via email or export them as PDFs, Excel spreadsheets or PowerPoint presentations.
The new dashboards include:
Loan officer profile, which optimizes recruiting, performance management and retention strategies by analyzing and ranking HDMA-reported loan production data for tens of thousands of mortgage loan originators.
Lender profile, which can give IMBs, credit unions and banks a competitive edge by offering visibility into peer institutions’ market share, loan production and growth trends.
Real estate agent profile, which can strengthen referral partnerships by providing line of sight into agent listing data and market influence.
Builder profile, which simplifies builder partnership analysis with a comprehensive view of builder production data.
Click here for more information
Indecomm Expands Platform to Include FHA Loans
Indecomm, East Brunswick, N.J., announced it has expanded its DecisionGenius underwriting and loan decisioning platform to include Federal Housing Administration loans.
DecisionGenius is powered by AI-driven intelligent document extraction technology and government lending business rules.
It can enable applicable lenders to reduce complexities associated with FHA underwriting.
Its features include integrated FHA/HUD lending rules, automated eligibility verification and streamlined FHA underwriting workflows. It also offers glass-box decisioning, meaning the underlying factors used to make FHA underwriting are visible in the platform.
Click here for more information
Outamation Achieves Accreditations
Outamation, Southlake, Texas, has received the Service Organization Control (SOC) 2 Type II accreditation and ISO 27001:2022 certification.
They confirm the company’s commitment to robust data security and privacy. Among other significance, they show a strict adherence to globally recognized information security best practices and proactive risk management.
The SOC 2 Type II certification validates that the firm adheres to the most rigorous standards of security, availability, processing integrity, confidentiality and privacy.
The ISO 27001:2022 certification demonstrates the company’s dedication to proactively managing information security challenges through its Information Security Management System, including risk management, incident handling and continuous monitoring efforts.
Click here for more information
Enact Mortgage Insurance Enters Into Two Forward XOL Reinsurance Transactions
Enact Mortgage Insurance, Raleigh, N.C., announced that its flagship legal entity, Enact Mortgage Insurance Corp., has secured $225 million and $260 million of additional excess of loss reinsurance coverage.
The credit risk transfer transactions cover a portion of expected new insurance written for the 2025 book year and 2026 book year, and are effective Jan. 1, 2025, and Jan. 1, 2026.
Reinsurance coverage for both transactions is provided by a panel of reinsurers each currently rated A- or better by S&P or A.M. Best Company Inc. or rated A3 or better by Moody’s.
Click here for more information
Towne Mortgage Co. Leverages Clarifire
Clarifire, Clearwater, Fla., announced that Towne Mortgage Co., Troy, Mich., has selected its products for its servicing workflow.
Clarifire offers advanced automation capabilities, allowing Towne Mortgage Co. to streamline operations by reducing manual processes.
Towne Mortgage Co. said it chose the Clarifire application for its capacity to automate rapid intake of forms, documents and borrower requests and its abilities to mitigate risk, improve customer responsiveness and adapt quickly and seamlessly to industry changes.
Click here for more
