DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1529211
MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 10 November 2024 M T E C H Digital Recapture, a new suite of tech- nologies that links homeowners with loan solutions that assist educate them about possible home equity or reduced interest rates. Through customizable refinance options including a cash-out refinance, home equity line of credit, or rate and term refinance, LoanCare's Digital Recapture gives lenders a simplified way to connect with homeowners seeking af- fordable homeownership and financial flexibility. Lenders can take advantage of borrower interest and respond to lead notifications instantly. Other conversion rate drivers include a dedicated Refinance Center within the homeowner portal and mobile app that serves as an informa- tion hub with recommended products and services, targeted digital promo- tions based on lender preference and homeowner eligibility, and real-time lender notifications of new application submissions. "We're excited to introduce these retention tools as a significant en- hancement to the homeowner digital experience while offering our clients a tactical way to boost engagement and loan origination as a part of their portfolio defense strategy," said Dave Worrall, President of LoanCare. "By pro- viding homeowners with direct access to refinancing options and giving our clients real-time actionable leads, this program underscores our commitment to delivering value at every stage of the mortgage lifecycle." The newest product from Loan- Care's in-house digital platform, Digital Recapture, demonstrates the company's dedication to enhancing the homeown- ership experience by supporting and opening doors for lenders to succeed with its recapture solutions. Lenders may improve their recapture strategy and prolong borrower connections throughout the duration of their loan by offering more retention touchpoints along the customer cycle. "We are actively working with lenders to capitalize on refinancing and retention opportunities by putting our knowledge, energy, and technology to use," Worrall said. "With our new Re- capture features, we believe LoanCare is the only subservicer with the resources and captive capabilities to help lenders optimize portfolio performance and build lasting relationships with their customers." CLEAR CAPITAL ANNOUNCES CLEAR CAPITAL PRODUCT PORTAL TO STREAMLINE VALUATION PROCESSES T he Clear Capital Product Portal, a self-service portal that speeds up and simplifies the valuation process by enabling consumers to order Clear Capital goods, has been launched, according to Clear Capital. The Product Portal's introduction shortens the time it takes for users to obtain trustworthy valuations and analytics goods to help them make decisions. "Whether you're a servicer who needs a BPO to determine next steps for loss mitigation, or an investor looking for an instant valuation to validate a portfolio decision, having access to the right solution at the right time—when time is of the essence—is key." —Kenon Chen, EVP of Strategy and Growth, Clear Capital