Industry Briefs, Oct. 20, 2025
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Floify Launches Dynamic AI
Floify, Boulder, Colo., launched Dynamic AI, a new capability built into its POS platform that moves document collection and AI-driven data extraction to the beginning of the process.
Borrowers can upload their key documents and Floify’s embedded AI extracts and validates the data automatically. The application prepopulates with verified information, reducing manual data entry and streamlining the process.
Embedding AI within the POS enhances the borrower experience and allows lenders to issue pre-approvals more quickly.
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Dark Matter Enhances Empower LOS With eClosing
Dark Matter Technologies, Jacksonville, Fla., announced the expansion of its Empower loan origination system to include comprehensive eClosing capabilities with the integration of Wolters Kluwer’s eOriginal closing Center and eOriginal eAsset Management Platform.
The integration provides a fully digital mortgage closing experience, and can support every eClosing scenario from in-person to remote online notarization.
Empower LOS users can manage document review and eSignature execution in the centralized eClosing room. It also includes access to a built-in eNotary Hub that connects users to top RON and IPEN providers.
The original eAsset Management Platform enables Empower LOS users to seamlessly create, execute, register and manage eNotes through the MERS eRegistry, and it stores all executed documents in its eVault.
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Xactus Releases Xactus Mortgage Intent Index
Xactus, Broomall, Pa., announced the launch of its Xactus Mortgage Intent Index.
The index is built from millions of credit pull transactions processed across Xactus’ verification network, it provides lenders, capital market participants and economists with a forward-looking view of mortgage demand.
Traditional indices focus on closed loans, rate locks or application volumes, which Xactus dubs “lagging indicators.” The Xactus Mortgage Intent Index will help measure intent in real time via anonymized, aggregated credit pull data.
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Docutech Expands Document Solutions Product Suite
Docutech, Idaho Falls, Idaho, announced an expanded suite of mortgage document products and services.
Docutech is a First American Mortgage Solutions brand.
The expanded document solutions product suite now includes Loan Document Solutions (document generation, digital closing, eSign, eVault, eClose and fulfillment services); Servicing Document Solutions (collateral file perfection, assignment services, document storage, lien releases and fulfillment); and Default Document Solutions (document generation, property information requests, medication workflows and fulfillment).
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Friday Harbor Highlights New Feature for AI Originator Assistant
Friday Harbor, Seattle, announced its AI Originator Assistant can now evaluate loan files against not only baseline program guidelines, but also both lender and investor overlays.
By embedding those requirements into the workflow of frontline originators, the platform gives lenders greater control over credit quality and secondary market execution, the firm stated. For example, overlay configurations can be used to tighten credit policies with more stringent documentation requirements.
Friday Harbor provides a white-glove service; lenders share their overlays and the company’s team configures and maintains them free of charge.
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LoanCare Enhances Digital Retention Platform
LoanCare, Virginia Beach, Va., announced two new enhancements to its suite of digital retention tools.
Paid in Full Monitoring is a new subscription service offered within LoanCare Analytics, and provides an in-depth look at loans that have paid in full and the reason. It tracks where the loans have gone and provides a stratification of retained loans by interest rate, month of payoff and state.
The second, RateTrak, enables homeowners to use an interactive slider tool to indicate a desired interest rate or reduced monthly payment goal they’d like to achieve if interest rates decline. RateTrak can give clients a prompt to proactively reach out to homeowners who are receptive to refinance options. It will be available via the LoanCare Homeowner Portal in Q4.
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DocMagic Awarded Two Patents
DocMagic, Torrance, Calif., has received two patents from the United States Patent and Trademark Office.
They are Patent No. 12,175,785 for its system and method of “Determining Similar Loan Documents” and Patent No. 12,169,976 for its system and method of “Enabling Electronic Loan Documents.”
Both patented inventions are already integrated into DocMagic’s AutoPrep solution, which converts third-party documents into e-ready files for eSignature, eNotarization and eClosing.
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ALCOVA Mortgage Teams With Down Payment Resource
ALCOVA Mortgage, Roanoke, Va., has teamed with Down Payment Resource, Atlanta, to expand access to down payment assistance programs for homebuyers.
The collaboration will help ALCOVA’s loan officers match borrowers with available programs more easily.
The integration of DPR into ALCOVA’s lending platform equips loan officers with immediate visibility into assistance programs.
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