DS News

MortgagePoint September 2023

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

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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 10 September 2023 M T E C H gage applicants the ability to scan and securely upload documents via the borrower mobile app, while optimizing loan production by electronically routing those files directly into MortgagebotLOS. "The enhanced functionality of this native integration helps our borrowers navigate the home buying process with greater ease while supporting our loan originators and processing teams with efficiency-driving technology that re- duces manual and redundant tasks," said Gary Hall, VP and Mortgage Sales Manager at Michi- gan-based ChoiceOne Bank. "We are dedicated to embracing innovative solutions that cater to the evolving needs of today's homebuyers, and we are proud to begin reaping the customer experience and operational benefits of the inte- gration as one of the first banks to adopt it." READYPRICE UNVEILS NEW DELIVERY PORTAL R eadyPrice has announced the release of its Shop, Lock & Deliver loan exchange platform, an independent universal delivery portal. Independent mortgage brokers will have the ability to shop competitive loan offerings from multiple lenders, get rate lock guarantees in real-time, receive underwriting findings, and deliver the borrower's complete loan file to lenders—all on a single platform. ReadyPrice's data exchange platform, DataX, allows brokers to find the best loans for their borrowers' specific needs, lock them in with the lender, and deliver the final loan in record time—all in one place. "Independent mortgage brokers are the core of our industry, and they're needed now more than ever. They help millions of borrowers navigate an increasingly complex economic environment," ReadyPrice Founder and CEO Rick Soukoulis said. "Our universal delivery portal gives brokers what they need most—more time to focus on their borrowers and more confidence that they're delivering the best deals possible." The universal delivery portal runs on ReadyPrice's data exchange platform, DataX, which is directly connected to industry loan origination systems (LOSs) for seamless loan delivery. DataX also retrieves automated underwriting decisions to complete the loan before delivery. Loans are then transferred directly into the lender's pipeline, where the lender completes the transaction. "Our technology makes it even easier for mortgage loan originators, brokers, and lend- ers to work together," Soukoulis said. "With ReadyPrice, independent brokers get to keep their independence with the ability to shop, lock, and deliver in one place. Lenders get access to a growing community of brokers. And borrowers get the best possible service and the best possible mortgages. This new industry utility delivers a win-win for everyone." CANDOR TECHNOLOGY LAUNCHES NEW DATA ACCURACY TOOL C andor Technology has announced its newest product feature, Candor Pre- Check—a data accuracy tool designed to identify discrepancies between the loan application and the documents provided by the borrower. Powered by Candor's Loan Engineering System (LES) and its patented CogniTech Expert System Technology, Candor Pre-Check improves data quality earlier in the loan pro- cess, resulting in fewer underwriting condi- tions and improved efficiency. Candor's LES platform has performed more than two million hands-off underwrites, with zero repurchases to date. Candor clients have reported increased underwriter produc-

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