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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 6 January 2024 M T E C H loan officer production data, including volume and type, with a single click. "Making decisions without data is like blindly throwing darts at a dart- board. Now our customers can be more strategic and more efficient at scale," said Linn Cook, VP of Sales at OptifiNow. "It makes lenders smarter in a way they've never been able to be before." Access to lender beneficiary data empowers wholesale lenders with an understanding of how they stack rank against competitors and what percentage of market share they have in a given lo- cation, as well as a granular view of data in specific geographical representation zones. In line with OptifiNow's mission to streamline sales and marketing, Modex offers a new avenue for strategic target- ing and robust analytical reporting. "Your marketing and sales process is only as good as the data you're using," said Dale Larson III, CEO at Modex. "We are thrilled that this partnership will empower OptifiNow customers with the data they need to drive real results for their business." According to company experts, with the integration comes the major benefit of contact data. Now, users can not only access contact details for key targets but can also store this data in their CRM for direct sales and marketing at their fingertips. LOANDEPOT INTRODUCES NEW DIGITAL UNDERWRITING ENGINE l oanDepot, Inc. unveiled its fully automated melloNow underwriting engine, which they say can deliver a fully conditional loan approval in min- utes rather than hours or days. Utilizing a fully digital verification process, melloNow delivers a significant- ly faster evaluation and underwriting process that brings clarity and confi- dence—and eliminates surprises—right from the start. It swiftly analyzes credit reports, detects fraud, and validates income and employment data at the point of sale, instantaneously generating unique borrower conditions. This helps both the loan officer and the customer understand exactly what's needed, so they can assemble the re- quired paperwork quickly and efficiently. This is expected to provide real-time con- ditional approval for a large segment of loans and assist the loan underwriter by ensuring they obtain all documentation required to properly review and validate the application as soon as it is received. "loanDepot's forward-thinking approach to technology, always in service of improving the customer and loan origination experience, has once again delivered a significant innovation," said Jeff Walsh, President of LDI Mortgage. "melloNow is not just another automated underwriting system; it's a groundbreak- ing step forward that provides a full con- ditional loan approval within minutes. We're now able to provide our customers with the certainty and peace of mind that comes with quick loan approval, bypass- ing the delays and friction points typical of traditional loan evaluation and ap- proval processes while improving overall loan quality. Today's consumers expect a fast and seamless digital experience, and with melloNow, we are delivering it." The company, which has been be- ta-testing the system for the last several quarters, says this new capability is an- other important milestone in its ongoing work to deliver a digital-first approach that makes it easier, faster, and less stress- ful to refinance or purchase a home. "Team loanDepot is focused on deliv- ering a best-in-class customer experience throughout the entire loan journey, from our initial contact with a prospective borrower to the long-term servicing of the funded loan," EVP of Lending Operations Viviana Abarca said. "With melloNow, we're changing the landscape for home buying and refinance, making it easier, faster, and smoother for our customers to accomplish their goals." NOTARYCAM AUTHORIZED TO PROVIDE REMOTE ONLINE NOTARIZATION SERVICES N otaryCam announced that it will support remote online notarial acts in California beginning in 2024 following the passage of CA Senate Bill 696, signed into law by California Governor Gavin Newsom on September 30, 2023. Stage 1 of the bill takes effect on January 1, 2024, and allows the use of remote online notarization (RON) by "Your marketing and sales process is only as good as the data you're using." —Dale Larson III, CEO, Modex