Industry Briefs, March 6, 2025
(Image courtesy of Markus Winkler via pexels.com)
Indisoft’s HomePrep Integrates Freddie Mac’s Loan Assignment Technology
Indisoft, Columbia, Md., announced its HomePrep technology platform has integrated Freddie Mac’s Loan Assignment Technology, helping to eliminate significant process barriers and streamline pathways to sustainable homeownership.
“One critical barrier to lender adoption has been the inability to seamlessly transmit cases from retail loan officers to housing counselors for borrowers seeking mortgage readiness counseling,” Indisoft noted in a release. “Freddie Mac’s Loan Assignment directly addresses this challenge. Accessible within most loan origination and point-of-sale systems, the feature enables retail loan officers to assign, release and retrieve cases by participating HCAs in HomePrep–without requiring a separate login or system.”
HomePrep is a tool used by residential mortgage lenders, realtors, state housing finance agencies, investors, mortgage loan officers and HUD-certified housing counselors. The HomePrep system allows loan officers to easily track applicants’ counseling progress, with status updates automatically pushed.
Click here for more information
Snapdocs Attains MISMO Certification
Snapdocs, San Franciso, has become the first eVault provider to achieve compliance with MISMO’s eVault System Standards.
This achievement underscores its commitment to advancing secure and compliant transactions involving electronic promissory notes.
The Snapdocs eVault was built from the ground up without leveraging third-party source code.
“MISMO standards help reduce friction between trading partners including lenders, servicers, investors and others. Obtaining the MISMO eVault Certification provides the industry confidence that Snapdocs meets the MISMO standards, which can be utilized when companies are selecting solutions for their business needs,” said Jonathan Kearns, Vice President of Product at MISMO.
Click here for more information
Informative Research Announces Multiple Updates
Informative Research, Garden Grove, Calif., has integrated with Thomas & Co., Nashville, Tenn., which will add Thomas & Co.’s Wage and Employment verification service to Informative Research’s platform.
This addition broadens the verification options available to Informative Research customers, increasing the efficiency of their VOI/E processes.
Click here for more information
Additionally, Informative Research announced an enhancement to its AccountChek integration with Freddie Mac’s Loan Product Advisor Asset and Income modeler. It enables LPA to assess income and employment for eligibility of representation and warranty relief for lenders using AccountChek for automated verification of income and employment across a range of supported payroll providers.
AccountCheck enables lenders to obtain and transmit to LPA borrower data required for LPA’s assessment.
Click here for more information
Argyle Rolls Out Enhancements to Integration With nCino
Argyle, New York, announced enhancements to its integration with nCino, Wilmington, N.C.
The companies first teamed in 2022 to bring fully digital verification of income and employment to companies and loan officers that rely on nCino to manage the loan application process.
The latest enhancements improve application pull-through and loan quality by allowing lenders to embed VOIE directly into the point-of-sale workflow in nCino’s MortgageSuite.
Other updates include friction-free verification, customizable workflows, faster AUS submission and LOS interoperability and continuous synchronization.
Click here for more information
Corporate Settlement Solutions Releases 2024 Home Equity Valuation Analysis
Corporate Settlement Solutions, North Olmsted, Ohio, released its full-year 2024 Home Equity Valuation Analysis, highlighting a continued increase in the use of Automated Valuation Models among lenders originating home equity loans.
The analysis provided information on the use of Automated Valuation Model/Property Condition Reports; Appraiser-Valued Hybrids; Full Appraisals; Non-Appraiser-Valued Hybrids; and Drive-by Appraisals. AVMs were the only product category among the five that had an increase on a year-over-year basis.
Click here for more information
ICBA CRA Solutions Teams With Ncontracts
ICBA CRA Solutions, Washington, D.C., announced a strategic alliance with Ncontracts to help community banks address Community Reinvestment Act requirements with actionable insights.
ICBA CRA Solutions offers turnkey CRA programs and Ncontracts Nrelief solution can provide tools to analyze, geocode and map loan and deposit data and track investments for an in-depth understanding of a community bank’s CRA performance.
Click here for more information
