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MortgagePoint January 2024

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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 10 January 2024 M T E C H bring the Redfin Redesign experience to Redfin consumers across the entirety of the Bright MLS footprint," said Amit Kulkarni, Chief Marketing Officer at Bright MLS. "Helping brokers deliver in- novative experiences is something that's foundational to Bright as an organiza- tion. We are excited to be the first MLS to partner with Redfin to offer this tool that helps people reimagine home from their desktop or mobile device." ACI INTRODUCES ADVANCED APPRAISAL DATA COLLECTION AND ORDER MANAGEMENT SOLUTION A CI announced it has introduced SureStep mobile, the most comprehensive appraisal inspection solution in the market. Through the applications and tools housed within ACI SureStep mobile, appraisers can conduct a full inspection on-site from their smartphone or tablet, including capturing photos, completing sketches, collecting property data, and analyzing research, which helps eliminate paperwork and manual data entry. Available for both iOS and Android devices, SureStep mobile also helps appraisers more effectively manage calendars and active orders by displaying all assignments and their status in one place and providing driving directions to appointments with a single touch. "SureStep mobile helps appraisers stay in the field longer, providing the information needed to scope and quote new assignments from anywhere, so they can complete more appraisals in a day," said Jeremy Staudenmaier, General Manager at ACI. "Efficient data collection during an inspection is vital, and appraisers that can conduct their business in the field gain an advantage over their competition." With SureStep mobile, appraisers automatically receive First American's comprehensive public records data for the subject property, along with aerial and street-view imagery. In addition, all completed inspections are seamlessly imported directly into ACI's flagship software, ACI Report, to further reduce the need for manual data entry. Work files are thoroughly documented within SureStep mobile to comply with regulatory requirements through complete digital inspection reporting as well. SureStep mobile is the latest innovative technology from ACI, reflecting the company's commitment to helping appraisers remain at the forefront of the digital transformation of the appraisal profession. SureStep mobile is the first release of a broader set of foundational ACI products designed to redefine how appraisers leverage technology and engage with their customers. "SureStep mobile is more than a data collection application; it's a digital appraisal assistant designed to eliminate many of the manual tasks in the appraisal process, reducing inspection times while improving reliability," Staudenmaier said. FLOIFY ANNOUNCES NEW LENDING PLATFORM FOR MORTGAGE BROKERS F loify has launched a lending plat- form for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. Florfy Broker Edition is designed to provide a loan management portal for borrowers and make managing loans simpler at an accessible price point while boosting operational efficiency, the company said. The lending platform for mortgage brokers has three main features that enable brokers to use the platform in lieu of a traditional loan origination system (LOS) or as a complement to their existing LOS: » Mortgage Call Reports (MCR) func- tion allows brokers to swiftly gen- erate mandatory national mortgage licensing system (NMLS) reporting documentation and export reports by quarter, year, and state, streamlining a burdensome compliance requirement. » The Dual Automated Underwrit- ing System (AUS) function enables brokers to order AUS findings from Fannie Mae and Freddie Mac and view findings side-by-side to identify docu- mentation requirements and counsel borrowers more effectively. » A Product Pricing Engine (PPE) integration with software firm Lender Price's PPE automatically syncs bor- rower 1003 (uniform residential loan application) data, enabling brokers to provide accurate and real-time pricing quotes. The platform is integrated with the country's largest wholesale lender, Unit- ed Wholesale Mortgage (UWM), which enables brokers to electronically submit loan applications to UWM, expediting the loan submission process. "Floify Broker Edition is born out of a deep understanding of the unique chal- lenges faced by mortgage brokers, which include juggling a burdensome adminis- trative workload, regulatory compliance, and multiple technologies with minimal support," said Sofia Rossato, Floify Presi- dent and General Manager. EMPOWER LOS AND DOCMAGIC ENHANCE INTEGRATION TO SUPPORT HOME EQUITY, WHOLESALE CHANNELS D ark Matter Technologies (Dark Matter) announced signif- icant enhancements to the integration between the comprehensive Empower loan origination system (LOS) and DocMagic's document generation solution. DocMagic is now making it easier for retail mortgage lenders who use the Em- power system to order initial and closing

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