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DSNews Sept 2015 - 'I Wouldn't Be Here Without...'

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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» VISIT US ONLINE @ DSNEWS.COM 121 IN THE NEWS GuardianDocs Completes Seamless Integration With Calyx Software Document preparation service Guardian- Docs, a division of Denver-based domestic-based end-to-end mortgage services provider Lender- Live Network, is seamlessly integrated with Calyx Software, a Dallas-based mortgage solutions provider for banks, credit unions, mortgage bank- ers, and brokers, according to an announcement from LenderLive Network. e transition allows users of Calyx Point to order and complete initial disclosures and closing packages without leaving Point. GuardianDocs has created a complete interface for Calyx Point (using Calyx's DirectConnect integration portal) to streamline the ordering process and support the generation and fulfillment of application dis- closures and the closing package. With the new interface, users no longer have to log out of the loan originating system (LOS) to re-key informa- tion critical to completing the document order on who are seeking insights and information to make informed financial decisions," said Brian Benson, CEO of ClosingCorp. "ClosingCorp tools and data can give these consumers a more complete picture of the costs of buying a house." Auction.com Named One of AlwaysOn's Global 250 for 2015 Auction.com, LLC, was among the winners of the 13th annual AlwaysOn Global 250, a list of the most promising private companies creat- ing enormous opportunities and inventing new categories across the global technology landscape, the company announced in a press release. According to Auction.com, winning compa- nies are recognized for their potential to innovate in existing markets and capitalize on new market opportunities. Auction.com was named in the "Marketplace and E-Commerce" category along with Airbnb, Houzz, umbtack, Flipkart, and other notable market leaders. "We're honored that AlwaysOn has chosen Auction.com as one of the 250 most promis- ing private technology companies, recognizing the innovation that we're bringing to both the residential and commercial real estate markets," said Tim Morse, CEO of Auction.com "As we leverage Internet and mobile technology to make real estate transactions easier, more efficient, and more transparent for everyone involved, we are constantly developing new and better ways to meet the needs of our customers and make a positive, meaningful impact on the real estate industry." e AlwaysOn editorial team, along with program partners and industry experts across the globe, search the entrepreneurial sector each year to find the top Global 250 private companies that are making their mark in the technology world. e winners are categorized in their respective sectors: AdTech and Marketing, B2B – Cloud Infrastructure, B2B Big Data, B2B SaaS and Enterprise, Consumer Apps, Digital Media, EdTech, FinTech, and Marketplaces and E-Commerce. "e AlwaysOn Global 250 are the best- of-breed private companies in consumer and business-to-business applications, and cloud and mobile infrastructure sectors—representing the fastest-growing and most highly valued new companies on the planet," said Tony Perkins, AlwaysOn founder and editor. Auction.com and the other Global 250 com- panies was honored at AlwaysOn's Silicon Valley Innovation Summit on July 8–9 at the Computer History Museum in Mountain View, California. another website. All data is transferred to GuardianDocs when its lenders order disclosures and closing docu- ments within Calyx Point. If no data is missing, documents come back complete and are instantly placed in Calyx's eLoan file document reposi- tory. Lenders that have used the new Guardian Docs-Calyx Point interface say the entire ordering process takes three to four minutes—a reduction of at least 60 minutes per file when compared with those using a partial interface. "Data integrity is essential to create compliant documents and to have a true system of record; the LOS should house the source data, rather than your doc provider's website. is will take on even greater importance in the new TRID environment," said Jonathan Kunkle, president of GuardianDocs. "Our partnership with Calyx has allowed us to build a DirectConnect interface that streamlines document ordering and management, removes duplicative data entry, and eliminates steps that can create errors. As a result, users will see significant productivity gains and have greater assurance of compliance." Using the new interface, if data required to prepare the documents is missing, the lender is alerted via integrated messaging that data is miss- ing, and they are able to enter it in the messaging utility of the Calyx system. Colorado RANK: 52 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 0.85% 0.42% 4.4 YEAR AGO 1.16% 0.55% 5 YEAR-OVER-YEAR CHANGE -26.7% -24.2% -0.6 Top County HUERFANO COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 1.55% 2.68% YEAR AGO 2.23% 1.19% YEAR-OVER-YEAR CHANGE -30.4% 125.5% Top Core-Based Statistical Area CRAIG, CO 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 1.53% 1.92% YEAR AGO 1.88% 0.71% YEAR-OVER-YEAR CHANGE -18.9% 171.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Hawaii RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.72% 3.25% 4 YEAR AGO 1.91% 4.21% 4.4 YEAR-OVER-YEAR CHANGE -9.9% -22.7% -0.4 Top County HAWAII COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 2.24% 5.81% YEAR AGO 2.17% 7.56% YEAR-OVER-YEAR CHANGE 3.4% -23.1% Top Core-Based Statistical Area HILO, HI 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 2.24% 5.81% YEAR AGO 2.17% 7.56% YEAR-OVER-YEAR CHANGE 3.4% -23.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.

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