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MortgagePoint July 2023

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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 12 July 2023 M T E C H MMI LAUNCHES NEW CUSTOM DASHBOARD HUB M obility Market Intelligence (MMI) has launched its new Custom Dashboard Hub and expanded the business intelligence (BI) tools available on its platform, increasing users' ability and ease in developing strategy, recruiting, nurturing talent, and discovering new opportunities. "With our new Custom Dashboard Hub, users can tap into MMI's deep well of mort- gage and real estate data in a faster, more visual format," MMI Founder and CEO Ben Teerlink said. "And with an ever-increasing amount of granularity of data, MMI clients have access to competitive analyses and insights of greater specificity and accuracy than ever before." The expanded dashboard capabilities will allow users to: » Analyze the market to find hidden pockets of opportunity and gain a competitive advantage at a local market level; » Delve deeper into their organization's existing data to uncover hidden trends; » Align sales strategies with overall business goals, including affordable lending initia- tives; » Determine where to adjust pricing to maximize performance in a particular metropolitan statistical area (MSA); » Develop business development and/or operational strategies using current market data to stay ahead of the curve; » Recruit using up-to-date production metrics; » Provide quantitative feedback on loan originator (LO) performance; and » Identify top overall growth opportunities. Market analysis tools allow users to locate and track high-performance real estate and mortgage markets in their area and show nationwide trends. Up-to-date benchmark statistics enable LOs to quickly compare their performance to their peers nationally and locally. Users can manipulate criteria and filter data on their own—from county to loan type and more—to quickly visualize results relevant to their business. MMI is constantly developing new dashboards in response to the mortgage industry's needs and continu- ous user feedback and requirements. "I've found MMI to be beyond insightful in providing data to expand market share and capture new referral partners and recruiting targets," said John Meussner, Production Manager at Mason-McDuffie Mortgage. "With the granular data provided through MMI's updated dashboards, I can focus on targets with whom I know I'll achieve a high success rate, making my efforts more effi- cient. Best of all, MMI allows me to put more time toward other money-saving activities." Teerlink added, "Enterprise mortgage companies no longer need to feel compelled to purchase and manage their own BI tools. Instead, they can opt to work with MMI to compile the data they need within their own custom dashboard(s). The Custom Dash- board Hub is a one-stop shop for lenders and LOs looking to supercharge their existing BI." MORTGAGE CADENCE INTEGRATES SITUSAMC'S COMPLIANCEEASE TRID MONITOR INTO LOS C omplianceEase's TRID Monitor is now integrated with the Mort- gage Cadence Platform (MCP), the cloud-based digital lending platform from Mortgage Cadence. The integration helps mortgage lenders monitor loans for TRID errors and correct them before they cause costly delays. ComplianceEase, an industry-leading automated mortgage compliance system from SitusAMC, ensures TRID compliance by mon- itoring and auditing loan terms at each point in the lifecycle, including Loan Estimate (LE) and Closing Disclosure (CD) timing, sequencing and tolerance testing, changed circumstances and reasons for redisclosures, and post-con- summation cure analysis. ComplianceEase can be seamlessly integrated into loan origination systems and other workflows—with one-click data delivery of audit results to investors and regulators. "We are excited to announce the availabili- ty of ComplianceEase's TRID Monitor in MCP 3.0. The integration allows for further efficien- cy and seamless multidisclosure compliance visibility for lenders on MCP," said Jim Rosen, EVP of Services at Mortgage Cadence. MCP is a modern, flexible, and intuitive cloud-based LOS designed with an open ar- chitecture to meet the needs of a wide range of lenders, across all products and channels. "We are delighted to see the successful integration of ComplianceEase TRID Moni- tor into Mortgage Cadence's LOS," said Scott McNulla, Managing Director of SitusAMC. "This provides invaluable assurance to lenders using MCP that loans originated are compliant with TRID regulations, providing peace of mind to investors and secondary market participants when loans are tested and evaluated prior to purchase and securi- tization." "Enterprise mortgage com- panies no longer need to feel compelled to purchase and manage their own BI tools." —Ben Teerlink, Founder and CEO, MMI

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