DS News

DS News April 2019

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

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» VISIT US ONLINE @ DSNEWS.COM 87 ing and neural networks to help users create data-driven solutions and actionable analytic outputs. "RAP is a unique technology platform that was designed for the mortgage and capi- tal markets industries and can be used out of the box, on day one, to support virtually endless possibilities," said Anthony Jabbour, CEO of Black Knight. "is innovative tool delivers computational power an order of magnitude greater than what most firms have in-house, and enables data scientists and analysts to deliver faster insights and help their companies enhance performance, identify new revenue opportunities, increase efficiencies, and reduce risk." e platform provides users with access to all of Black Knight's data assets, advanced analytics, and pre-built queries and analytic models, while also allowing them to join their own data to tailor queries and models to support specific use cases. Black Knight said that RAP's real-time, high-speed processing delivers instant results—even for the most complex uses—stransforming the way mort- gage industry and capital markets profession- als work with large data sets and advanced analytics. Black Knight assets available via RAP currently include nationwide assessor data, recorder data, and real estate property and sales data; McDash loan-level and historical mortgage data; automated valuation models; and home price indices. RAP has a vast analytics library that enables users to solve many challenges specific to the mortgage, real estate, and capital markets industries. Additional data sets and analytics are con- tinuously added. MISSISSIPPI Castle & Cooke Opens New Branch Castle & Cooke Mortgage has announced the open of its third Mississippi office located in Batesville and to be by Katy White. "e Batesville branch is lucky to have Katy as part of their team, and I'm excited to see them grow and expand to help Missis- sippi borrowers," said Adam orpe, CEO of Castle & Cooke Mortgage. White has been a loan officer in the busi- ness for over three years. In her free time, she loves working in the yard, reading a good book, and playing with her three dogs. "I am here to help homebuyers evalu- ate their current financial situations and future goals to identify loan programs that best fit their individual needs," White said. "Whether clients are in need of a loan for a new purchase or for refinancing their cur- rent mortgage, I look forward to putting my expertise to work for them." Castle & Cooke Mortgage is an indepen- dent mortgage lender with locations across the United States. e company has over 300 employees and is founded on four core values—honesty, integrity, transparency, and reliability. Headquartered in Draper, Utah, the company works to ensure a smooth and efficient origination process, support for its sales force, and customer service for borrow- ers. e company has also been recognized as a top employer. TEXAS Mr. Cooper Takes Ownership of Pacific Union Financial Mr. Cooper recently closed on its acquisi- tion of Texas-based Pacific Union Financial LLC. As part of this deal, Mr. Cooper has taken ownership of the entire, existing Pacific Union Financial company, which has been merged into Nationstar Mortgage LLC dba Mr. Cooper. Commenting on the acquisition, Jay Bray, Chairman and CEO of Mr. Cooper Group Inc. said, "We are pleased to finalize the acquisition of Pacific Union Financial and welcome our new team members, customers, and clients to the Mr. Cooper family. "is acquisition expands their servicing portfolio with the addition of more than 120,000 cus- tomers and increases our mortgage lending volume and capabilities." Pacific Union LLC is an originator with a servicing portfolio of approximately $25 billion. Mr. Cooper's integration with the Pacific Union platform will enable Mr. Cooper to expand its originations presence with delegated and non-delegated product offerings. e company brings in more than 700 active correspondent clients—with only about 20 percent overlap with Mr. Cooper's existing customers—and more than 1800 mortgage brokers. e incremental annual originations volume potential through the merger, ac- cording to Mr. Cooper, is estimated in excess of $10 billion with over 80 percent being purchase loans. In its statement, Mr. Cooper THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com.

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