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DS News October 2018

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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92 CHRISTOPHER ROCKEY Former national real estate trainer for Fidelity National Financial. Give me a call, let's talk REO! Serving Sacramento, Placer, El Dorado, Santa Clara, and Contra Costa for more than 20 years. Rockey@RHomeSales.com 530.420.LIST ChristopherRockey.com YOUR QUEST FOR COMPLETE REO SERVICES ENDS HERE From BPO and occupancy checks to security and maintenance, we care for your property the way you do. CALIFORNIA Auction.com Team Helps Drive $39B in National Sales California-based Auction.com said its team had driven $39 billion in national sales. Over the past 10 years, Auction.com's brand has become synonymous with digital innovation and client service in the real estate industry, the company said in a statement. Auction.com connects buy- ers and sellers by making it possible to transact foreclosure, CWCOT, and REO sales online. "Most observers attribute Auction.com's success to industry-leading marketing and innovative technologies, but that's only part of our story," said Jason Allnutt, General Man- ager, Auction.com. "Auction.com created the foreclosure auction market in 2011. Since then, we've invested hundreds of millions of dollars in technology and marketing support to grow the auction marketplace. But, we believe that our investment in human capital and commit- ment to an unmatched local footprint of highly skilled field teams is one of the reasons we are the only full-service auction provider." Today, the company covers live auctions in more than 3,100 counties with the support of over 600 skilled and dedicated Auction.com employees. Auction.com said it conducts foreclosure auctions at the courthouse, leveraging their proprietary technology, data science, market- ing, and their "sea of green shirts" to drive toward higher sales rates. "Our local teams standardize the registra- tion, bidding, and closing process to promote transparency and competition, closing the feedback loop through rich data and analytics to our clients. All these efforts work in unison to maximize sales and improve outcomes for sellers and buyers," Allnut said. Auction.com is the only national real estate auction marketplace with local operations throughout the country. "We build strong partnerships with local stakeholders, including investors, foreclosure attorneys, brokers, and sheriff departments, by maintaining a highly visible and professional presence at every local auction event, regardless of climate, auction type, or location and by assisting each stake- holder to enable foreclosure sales," Allnut said. "Our field team's priorities are to meet our buy- ers' questions and service needs and exceed our sellers' expectations. is team is instrumental in breaking down the barriers of entry for new prospective buyers, reducing fear and complex- ity of the foreclosure auction process through education and customer support." e company said over 60 percent of its foreclosure auction buyers each month are first- time customers of Auction.com. "Our 600+ field team is a powerful example of Auction.com's commitment to go Beyond the Bid, which is to exceed the status quo in everything we do," Allnut said. MCT Partners With TMS for Subservicing Opportunity Mortgage Capital Trading (MCT), a San Diego-based mortgage hedge advisory, announced a partnership with secondary marketing software firm TMS, a fast-growing fintech company and subservicing partner. is partnership brings TMS' subservicing platform, Servicing Intelligence Made Easy (SIME), to the MCT's growing client list. As a preferred partner, MCT will offer its clients TMS' subservicing platform SIME, which includes competitive pricing, no month- ly minimum costs, private-label servicing, and reasonable setup fees. is announcement marks the second subservicing partnership for MCT. "We're excited to join forces with TMS as it changes the landscape of the mortgage servic- ing industry," said MCT Director of MSR Services Phil Laren. "is is exactly the type of innovative technology that we want to bring to our clients. e fintech company has a proven track record of helping lenders get a real-time overview of their portfolio, helping reduce delinquencies." e SIME technology offers lenders a platform with end-to-end compliance, real- time information and interactive reporting on all borrower accounts, and tracking capabili- ties that help reduce delinquent loans. SIME's ability to deliver real-time transparency into a lender's loan portfolio helps drastically reduce servicing costs and maximize customer service. "It's an honor to partner with a highly respected company like MCT," said TMS CEO Darius Mirshahzadeh. "is partnership solidifies that SIME is changing the industry, with a greater emphasis on delivering a superior borrower experience and offering more control and transparency into a lender's servicing portfolio." MCT's wide array of lender clients— particularly organizations new to mortgage servicing rights—will benefit from lower bar- riers to entry and pricing step downs through exceeding loan-count thresholds as a group. MCT said it is proud to secure this and other strategic partnerships to benefit clients, as well as providing MSR valuations, hedging, and brokerage services through its MSR Services Division. COLORADO PromonTech Platform Integrates with FormFree's Asset Evaluation Solution Denver, Colorado-based PromonTech, the technology unit of Promontory MortgagePath, has announced the integration of its point- of-sale (POS) solution, Borrower Wallet, with FormFree's automated asset-verification service, AccountChek. PromonTech said AccountChek was the first asset-evaluation solution to be accepted by Fannie Mae's Day 1 Certainty program and as a result of this integration, its Borrower Wallet clients can now take advantage of Day 1 Cer-

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