DS News

MortgagePoint September 2023

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September 2023 » thefivestar.com 7 September 2023 M T E C H Valligent's ValPDC and ValPDR are completed by licensed, background-checked, and trained real estate professionals to ensure accuracy and consistency in the reports. The data collectors use a mobile app to complete the property's interior and exterior assessment, capturing relevant photos and generating a floor plan that creates a comprehensive view. "By supporting the GSE's modern valua- tion solutions, Valligent is helping both lenders and borrowers save on property valuation costs, close loans faster, and mitigate risks," said Jeff Wickham, EVP and Co-Founder of Valligent. "With nationwide coverage and a comprehensive suite of products, Valligent is positioned to support any lender or reseller working with the GSEs and their collateral valuation solutions." Valligent's suite supports each value acceptance + property data and ACE+ PDR workflow scenario. It supplies the data collec- tion reports and offers a completion report (ValPDR COMPLETE) in cases where required repairs are identified, and the lender needs to obtain a report verifying the repairs have been completed. Valligent also offers a Hybrid Appraisal (ValHYBRID) in the case that certain property condition factors are identified in the data collection report, and the lender needs to upgrade to an appraisal. "Between Valligent and Veros, we are uniquely positioned because Veros is the technology provider for the Uniform Collateral Data Portal (UCDP) used by Fannie Mae, Fred- die Mac, Federal Housing Administration, and the Veterans Affairs." shared Chuck Rumfola, President of Valligent, and EVP and CRO of Veros. "The UCDP was one of the first initia- tives that started the appraisal modernization efforts. Continuing to support the GSEs' efforts was an easy decision. We are proud to be a part of the continued effort to standardize and collect data that will help improve collateral valuation." ASURITY PARTNERS WITH NOTARYCAM A surity Technologies has announced the integration of its mortgage doc- ument generation platform, Propel, with NotaryCam, a provider of remote online notarization (RON) services and eClosing technology. Propel clients will be able to gain access to NotaryCam's RON and eClosing services and reduce turn-times and the costs associated with loan modifications while diminishing or elim- inating the need for the overnight shipping of documents. Known for its eClose360 platform, Nota- ryCam is recognized for its comprehensive support of online mortgage closings in all juris- dictions and across all closing scenarios. With a flexible workflow for document recording and identity verification and security measures, NotaryCam's offerings ensure a seamless and secure closing process for borrowers and lend- ers alike. Additionally, the platform facilitates a closing process that can be implemented for a variety of loan products, including Home Equity Line of Credits (HELOCs). "We are delighted to partner with Asu- rity in offering our state-of-the-art RON and eClosing platforms to the mortgage lenders nationwide that the Asurity team supports on a day-to-day basis. By leveraging our technology, Asurity's clients can now experience a more efficient and secure closing process," said Brian Webster, NotaryCam's President. At the forefront of driving innovation in consumer lending, Asurity's Propel solution provides mortgage lenders with a digital mort- gage document generation platform featuring low- to no-code document creation, as well as a configurable forms library compliant with federal, state, and local regulations, as well as investor requirements. "We are excited about Propel's integration with NotaryCam. This integration brings significant value to our suite of SaaS solutions and provides an additional competitive advan- tage in today's loan origination market," said Julia Sweeney, EVP of Asurity Mortgage Group Software Products at Asurity. "It will deliver to our clients a seamless, secure, and efficient mortgage closing process, enhancing their overall experience and facilitating growth in a highly competitive market." "By supporting the GSEs' modern valuation solutions, Valligent is helping both lenders and borrowers save on property valuation costs, close loans faster, and mitigate risks." —Jeff Wickham, EVP and Co-Founder, Valligent

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