Industry Briefs, May 22, 2025
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Freddie Mac Announces Automated Underwriting
Freddie Mac, McLean, Va., announced the addition of automations to its underwriting.
The new technology, which uses machine learning, is now included in Loan Product Advisor and available immediately.
Freddie Mac also announced a new feature dubbed the Freddie Mac Income Calculator, a free online tool to help prospective homebuyers in the gig economy by enabling lenders to more accurately and efficiently calculate wage earner and self-employed borrower income. More options will be added later this year to help factor in pensions, social security and rental income.
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Cloudvirga Launches Tropos Borrower Portal
Cloudvirga, Irvine, Calif., launched Tropos, a borrower portal that will help lenders deliver personalized and intuitive digital experiences for borrowers.
It has the flexibility to support a variety of consumer lending products and enhances Cloudvirga’s POS ecosystem.
Key features include a modular architecture that allows lenders to implement only the workflows and features they need; real-time progress updates; a borrower-first design; and configurable messaging and support for multiple languages.
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Informative Research, Halcyon Team
Informative Research, Garden Grove, Calif., announced a strategic integration with Halcyon, Red Bank, N.J.
The integration delivers verification of employment and income reports, including payroll and paystub data, directly into Halcyon’s income calculator, enabling faster and more automated income assessments.
The data is obtained via Informative Research’s AccountCheck consumer-permissioned connectivity to major payroll providers.
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BOK Financial Rolls Out Mortgage Finance Group
BOK Financial has launched a Mortgage Finance line of business, dedicated to meeting the credit needs of non-bank mortgage originators.
BOK Financial has traditionally supported the client base as a top 10 dealer of mortgage-backed securities; this addition creates a full-service ecosystem for those clients.
The team will be led by Managing Director of Mortgage Finance Donnie Martin, who has more than three decades of experience in the industry.
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ServiceLink Unveils Enhancements to EXOS Close
ServiceLink, Moon Township, Pa., announced enhancements to its EXOS Close technology to provide more flexibility for lenders and borrowers scheduling their closings.
The enhancements include new options for online and in-branch closings, and an instant in-platform determination of remote closing eligibility assessing state and county acceptance requirements.
With lender approval, it can automatically give borrowers who are eligible the immediate option to schedule their closing online.
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Argyle Integrates With Encompass Consumer Connect From ICE Mortgage Technology
Argyle, New York, announced the debut of its integration with Encompass Consumer Connect, a digital mortgage POS solution from ICE Mortgage Technology, part of Intercontinental Exchange, Atlanta.
With Consumer Connect, borrowers can complete mortgage applications on any device. Lenders can embed verification of income and employment in the application.
Additional features include higher borrower conversion and faster processing time, interoperability with the Encompass LOS and more accurate AUS submission.
Argyle also announced the release of upgrades to its existing integration with ICE Mortgage Technology’s flagship Encompass LOS, including a streamlined order flow, transparent order tracking for reports, simplified and automated re-verifications and better support for loan teams.
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