DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1503449
July 2023 » thefivestar.com 11 July 2023 M T E C H missteps are even more costly," ACES CEO Trevor Gauthier said. "ACES PROTECT gives our clients an added layer of compliance protection that is seamless and cost-effective, enabling them to significantly increase audit productivity while still independently vali- dating loan eligibility calculations." Through ACES PROTECT, ACES users can easily access a suite of compliance checks within the ACES platform, including certifi- cation of loan estimate/closing disclosure cal- culations, high-cost mortgage and high-price mortgage loan testing, TRID fee tolerance, Qualified Mortgage (QM) tests, and other critical compliance tests. ACES users can quickly and easily run compliance tests with- out leaving the system and automate tasks and exceptions for any alerts, significantly increasing audit productivity. ACES PROTECT provides complete visibility into its calculations via detailed loan-level reporting that clearly communi- cates a loan's compliance status. Users can se- lect and pay for only the tests they need and automate tasks and exceptions for any alerts to control costs while increasing productivity and ensuring compliance. "ACES PROTECT has allowed us to au- tomate several of our manual fee compliance tests using a fully supported application, giv- ing us greater efficiency, improved accuracy, and better reporting," said Anthony DeAn- gelo, Director of Sourcing and Procurement for USAA's Managed Services Department. "With ACES PROTECT, we're able to test using the parameters we set in ACES PRO- TECT and, if needed, change them on the fly. All of this gives us improved confidence when sharing our results with management, auditors, and regulators." ZILLOW LAUNCHES NEW APARTMENT SEARCH TOOL A partment hunters using Zillow can now see the exact location of avail- able units—and even what their view would be—at thousands of participat- ing properties. Zillow Rentals' new integration with Engrain's interactive map platform lets renters understand what floor an available apartment is on; if it's facing a shared outdoor space, like a garden or pool; or if the view is of a street or parking lot. The interactive maps also allow renters to click on available units to book a tour or request to apply, in much the same way they would select con- cert tickets when buying online. Engrain's Unit Map technology is current- ly used on more than 3,600 apartment build- ing pages on Zillow and available to renters using Zillow on their desktop or through the mobile app. "Regardless of how detailed the apart- ment description is or how beautiful the listing photos are, a renter can't get a full grasp of the surroundings until they take the time to do an in-person tour, until now," says Michael Sherman, VP of Zillow Rentals. "For renters who have specific preferences like wanting a nice view or being away from the busy elevator bank, Unit Maps are a major time-saver. They can help a renter narrow down which units they want to see in person." Zillow's integration with Engrain is another example of how the company is meeting renter demand for digital tools. Zil- low features like 3D Home tours, and other building information such as Walk Score and Bike Score help renters quickly narrow their options and avoid wasting time touring apartments that are not a good fit. When renters are ready to commit to the in-person tour, they can do it with the click of a button. Zillow recently announced auto- mated tour scheduling for apartment-seeking renters, allowing them to book a tour in the same way they book a restaurant reservation. "We are investing in integrations and products to make the apartment hunt easier and help people get into their next home more seamlessly," Sherman said. "Renters want and deserve as much information as possible during their search, and by the time they're ready for an in-person tour or to apply, the property managers will know they're working with a renter who's serious about their move."