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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 8 November 2024 M T E C H way with this groundbreaking technolo- gy. Our LES capitalizes on the power of AI, enabling originators to make faster, more confident decisions, ultimately enhancing the borrower experience." Revolutionizing FHA Loan Under- writing Loan officers can obtain customers more quickly than ever before thanks to the LES' ability to thoroughly under- write a loan in as little as 90 seconds, even at the point of sale, thanks to sophisticated expert system technology. "At Candor, we're committed to re- defining mortgage industry standards," Hinshaw added. "Rice Park Capital Management's recent investment un- derscores our focus on customer-centric innovation and industry leadership. We're not the Candor of old—our new direction is rooted in pushing the indus- try forward with cutting-edge solutions at a time when industry employment is at a 10-year low despite falling rates. It's time for lenders to take another look at Candor." DATAVERIFY INTEGRATES WITH ICE LENDING PLATFORM TO MITIGATE RISK AND FRAUD EFFICIENCY D ataVerify has launched a new integration that is accessible through the ICE digital lend- ing platform's marketplace and makes use of the most recent API framework for mortgage technology from Intercon- tinental Exchange (ICE). With the use of safe API-enabled technology, industry players may now interface with ICE solutions and offer their services to loan originators and servicers. The ability to use DataVerify products within Encompass by ICE Mortgage Technology is made possible by this integration, which benefits mu- tual customers of DataVerify and ICE Mortgage Technology and significantly improves user experience and under- writing efficiency. "This integration with ICE Mortgage Technology showcases the investment DataVerify has made in powerful tech- nology to help meet the evolving needs of our lenders and reaffirms our shared commitment to driving efficiency in the industry," said Paul Harris, President of DataVerify. "These efficiencies help make the path to homeownership more streamlined and accessible." Users can use a range of products from DataVerify and its affiliates, such as verification services, flood zone determinations, and fraud and risk mitigation services, without ever leaving Encompass. These products are now seamlessly linked with the user's wider Encompass underwriting workflow. The DataVerify DRIVE platform within Encompass offers numerous new con- figurations, such as task-based workflow automation, custom field options, alert clearing in Encompass, and automation for scoring and re-scoring. REDFIN EXPANDS FREE RENTAL TOOLS NATIONWIDE R edfin has revealed that its nationwide rental listing fea- ture has been enhanced, now offering free rental property listings to homeowners, investors, property man- agers, and agents throughout the U.S. These individuals may also contact po- tential tenants through Redfin's network of websites, handle the application and tenant screening processes, and manage their properties from a single location. "Whether you're renting your home out for the first time or you're a seasoned investor or property manager, Redfin can help connect you with millions of people searching for their next place to call home across our network of sites," said George Perantatos, Senior Director of Product at Redfin. "Our rental listing tool is free and easy to use, and we now make it simple to collect applications and screen potential renters. As we make this feature available across the country, we're giving renters more great options for their next house, townhouse, or apartment." Reach More Renters Through Redfin's Family of Listing Sites In May, Redfin first made available its free rental tool on its website and mo- bile apps in 13 markets. To help property managers reach more tenants, rental properties will now automatically be advertised to renters searching on Rent. com and Apartment Guide in addition to being listed on Redfin.com. Property managers can enter their address and list a rental for free on their website. After that, before posting the listing to Redfin's network, they will be required to submit a property descrip- tion, add images, and offer some basic information about the house. Redfin's rental dashboard makes it easy for prop- erty managers to manage their listings. They can track inquiries from potential tenants, keep an eye on views, and edit or expand their listings. Collect Applications and Screen Po- tential Renters in One Place Redfin's technologies enable proper- ty managers to screen applicants using criminal, eviction, and credit reports certified by a third party before inviting them to apply. Property managers have free access to an application and tenant screening tool that is used by more than 500,000 property managers nationwide thanks to a partnership with TurboTe- nant. Redfin offers a smooth experience and expedites the process of filling vacancies by integrating it directly into the rental dashboard. Property managers only need to tick a box and choose the background questions they want to ask when cre- ating their rental listing to participate in renter applications and screening. Upon the listing's activation, prospective tenants can complete a comprehensive and user-friendly application.