DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1484257
41 Follow Us At: @DSNewsDaily Industry Updates VESTA INTEGRATES WITH CORELOGIC TO STREAMLINE ORIGINATIONS Loan origination system (LOS) provid- er Vesta has announced an integration with the CoreLogic suite of property information, analytics, and hazard risk solutions products, to offer lenders a natively integrated solution to accelerate and automate mortgage workflows. "We are extremely excited to be partner- ing with CoreLogic to simplify originations for lenders and borrowers alike," said Mike Yu, CEO of Vesta. "e depth of integration between Vesta and CoreLogic allows for a comprehensive data driven approach to loan processing—something that we at Vesta believe is fundamental to lenders' success." Designed from the ground up to streamline the loan manufacturing process through intel- ligent automation and no code custom work- flows, Vesta's modern task-based LOS enables efficiency gains and cost savings. Lenders now can access CoreLogic's robust suite of property information, consumer credit, hazard risks, and more via Vesta's natively built API integration. e ability to seamlessly access this data enables comprehensive records, and more streamlined processing and underwriting. "Completing this integration with Vesta continues our commitment to the industry to take time, touch, and cost out of the lending process," said Mike Mitchell, Executive, Strategy & Alliances with CoreLogic. "Vesta clients will now be able to benefit from our robust suite of borrower, loan, collateral, and risk solutions, sup- ported by our world-class property databases." RISKSPAN UNVEILS NEW DATA MAPPING AND EXTRACT FUNCTIONALITY A recent enhancement to RiskSpan's Edge Platform now enables users to take in unformat- ted datasets from mortgage servicers, sellers, and other counterparties and convert them into their preferred data format on the fly for sharing with accounting, client, and other downstream systems. Analysts, traders, and portfolio manag- ers have long used Edge to take in and store datasets, enabling them to analyze historical performance of custom cohorts using limitless combinations of mortgage loan characteristics and run predictive analytics on segments defined on the fly. rough Edge's "Reverse ETL" data extract functionality, these Platform users can now fully design an export format for exporting their data, creating the functional equivalent of a full integration node for sharing data with any system on or off the Edge Platform. Market participants tout the revolution- ary technology as the end of having to share cumbersome and unformatted CSV files with counterparties. Now, the same smart mapping technology that for years has facilitated the ingestion of mortgage data onto the Edge Platform makes extracting and sharing mortgage data with downstream users just as easy. RiskSpan is a technology company for data management and analytics for residential mort- gage and structured products. e company offers cloud-native SaaS analytics for on-demand market risk, credit risk, pricing, and trading. With our data science experts and technologists, we are the leader in data as a service and end-to-end solutions for loan-level data management and analytics. "The depth of integration between Vesta and CoreLogic allows for a comprehensive data driven approach to loan processing—something that we at Vesta believe is fundamental to lenders' success." —Mike Yu, CEO, Vesta