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» VISIT US ONLINE @ DSNEWS.COM 93 tainty, as well as streamlined asset verification and accelerated credit decisioning. Borrower Wallet is a white-label Omni- platform POS that engages with customers using any computer or mobile device on either a self-serve or loan-officer assisted basis. It is designed to build confidence and make it easy for the borrower to enter information, approve automated data collection, upload/eSend docu- ments, sign disclosures, use the closing center, and stay informed from origination through loan closing. According to PromonTech, Borrower Wallet promotes both applicant self- service and values the role the loan officer plays as a trusted advisor. "FormFree was designed to streamline the loan-origination process and reduce risk by providing better insight into borrowers' ability to repay," said Brent Chandler, Founder and CEO of FormFree. "Our integration with Bor- rower Wallet enables PromonTech to instantly complete three verifications—asset, income, and employment—in one action that is simple for applicants and more efficient for lenders." FormFree's AccountChek solution Asset Reports is used by lenders nationwide to verify borrower assets, employment, and income in minutes. e fintech company based in Athens, Georgia, also offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey. "PromonTech is committed to providing a trusted solution that educates applicants and improves process transparency while also reducing time, cost, and risk for lenders," said Michael Kolbrener, CTO of PromonTech. "Our integration with FormFree furthers both of these goals: it streamlines the borrower experience and delivers accurate asset informa- tion directly from financial institutions." As a fintech-hybrid—a technology com- pany led by seasoned banking and mortgage executives—PromonTech's digital solutions are designed by technologists and mortgage ex- perts working collaboratively to eliminate pain points and enhance the customer experience. HAWAII GSEs Offer Relief to Homeowners in Hawaii In response to Hurricane-Lane reaching Hawaii, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released information on their disaster relief policies. ese policies are in place for borrowers in presidentially declared disaster areas where the Federal Emergency Management Agency (FEMA) has made individual assistance programs available to affected individuals and households. Mortgage servicers may still leverage some programs even in non-FEMA assisted areas impacted by hurricane damage. "At this time, it is important for those in the path of the storm to focus on their safety," said Yvette Gilmore, Freddie Mac's VP of Single- Family Servicer Performance Management. "Once out of harm's way, we strongly encour- age homeowners on the Hawaiian Islands whose homes or places of employment have been impacted by Hurricane Lane to call their mortgage servicer—the company to which borrowers send their monthly mortgage pay- ments—to learn about available relief options." One main point in the GSE's disaster-relief policies is a 12-month mortgage forbearance, where mortgages may be suspended for up to 12 months. During this period, homeowners will not incur late fees or have delinquencies reported to the credit bureaus. "It is important for those in the path of the storm to focus on their safety as they deal with the potential impact of Hurricane Lane," said Carlos Perez, SVP and Chief Credit Officer at Fannie Mae. "Fannie Mae and our lending and servicing partners are focused on ensuring assistance is offered to individuals and families in need. We urge everyone in the area to be safe, and we encourage homeowners affected by the storm to contact their mortgage servicer for assistance as soon as possible." If a servicer believes a homeowner may be affected by a disaster, the servicer may be authorized to suspend or reduce payments on a mortgage for up to 90 days, or 12 months in certain circumstances. Additionally, Fannie Mae noted that servicers must suspend foreclo- sures or other legal proceedings if the servicer believes a disaster has impacted homeowners. NEVADA Home Prices in Nevada Grow at Break-Neck Speed e top five states leading-home price appreciation are all out west, according to CoreLogic, which analyzed four individual home-price tiers calculated relative to the median national home sale price recently. e analysis revealed that the lowest price tier increased 9.4 percent year-over-year compared with 8.1 percent for the low- to middle-price tier, 7.1 percent for the middle- to moderate-price tier, and 5.7 percent for the high-price tier. Among the 25 highest-appreciating states along with their highest and lowest historical price change, the analysis found that four states that showed double-digit increases were all in the West. While Nevada showed the largest gain of all states, increasing 12.6 percent year- over-year, Washington had experienced an increase of 12.1 percent in home-price apprecia- tion, Idaho with 11.5 percent increase, and Utah with 10.4 percent appreciation were among the other states on the West Coast where home prices appreciated the most. e analysis also examined states that had a more substantial peak-to-trough decline than the national average. It found that California, Idaho, and Michigan all surpassed their precri- sis home price appreciation peaks in June. Connecticut led the states where home prices in June were the farthest below their all-time home price appreciation high. Home prices in the state were still 17.6 percent below their July 2006 peak, the analysis revealed. Prices in 38 states (including the District of Columbia) have risen above their pre crisis peaks, the analysis found. e analysis, based on the recently released

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