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» VISIT US ONLINE @ DSNEWS.COM 81 result, they need to outsource this key function, but the problem is that regulators are starting to say that they can't look overseas for a data- processing company. We've fixed that issue by bringing our cost-effective services to the U.S." Qualia Adds Custom Reporting to Title Settlement System Title settlement software Qualia recently announced the release of its advanced report- ing module. e reporting feature equips title and closing professionals with a customizable tool to analyze revenue sources, business rela- tionships, and operational efficiency. Nate Baker, CEO of Qualia, detailed that the tool will aid Qualia in expanding relation- ships with lenders and Realtors. "From our team's background building small and large agencies, we know the challenge of maintain- ing and growing relationships with lenders and Realtors while guaranteeing the right level of quality," he said. "We built Qualia Reports to solve that problem." Within the "Reports" tab, Qualia users can access and create custom reports based on tasks, contacts, and any other data involved in the settlement transaction. e flexibility of custom reporting allows users to answer bigger questions about their business pipelines while also identifying ways to streamline day-to- day operations. Because all the data is already housed in Qualia, reports are automatically generated and available to users at no ad- ditional cost. Additionally, Qualia uses artificial intel- ligence to immediately detect and notify users when they enter a contact record that is similar to a preexisting record. "Most title agencies have to manually merge duplicate contacts every month; it's ex- tremely time-consuming and prone to errors," Baker said. "Because Qualia automatically merges duplicate contacts, agents can finally get a simple and fast answer to what business sources are their main revenue drivers and how those sources are trending month over month." KBRA Releases Preliminary Ratings of Freddie Mac Debt Notes Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to debt notes of Freddie Mac. Its Pre-Sale Report examines 19 classes of notes from Freddie Mac's Structured Agency Credit Risk (STACR) Debt Notes. e notes, formally known as STACR 2017-DNA1, have a total offering of $742 mil- lion. As the report notes, these notes are unse- cured obligations by Freddie Mac, similar to the agency MBS notes that Freddie Mac cur- rently guarantees. In other words, these notes are not explicitly guaranteed by the federal government. Amounts due on the notes will be calculat- ed by assessing the performance of mortgage loans in a reference pool that were obtained between April 1, 2016, and June 30, 2016. e report notes that the "reference pool consists of 137,250 residential mortgage loans with an outstanding principal balance of approximately $34 billion as of the cut-off date." All the loans are prime quality and hold an average FICO score of 751, well above the average FICO level encountered before the 2008 crisis. "e ratings . . . are preliminary, and subsequent information may result in the assignment of final ratings that differ from preliminary ratings," the report notes. e firm uses its own rating methods, in addition to those of third-party groups, in order to facilitate a fair rating for all note as- signments. "RMBS transactions and in instances where KBRA is expected to rate a particular transaction, we will evaluate the results of such a third-party loan file review as part of our overall analysis of the transaction," the report notes. "However, in certain circumstances, a loan file review may be performed by KBRA (typically through consultants or a third-party review firm) outside of the context of a par- ticular transaction and solely for purposes of determining the loan originator's compliance with its underwriting criteria for purposes of our originator review process." PHILADELPHIA Radian and LendingQB Expand Partnership to Better Serve Lenders Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., and LendingQB, a provider of mort- gage loan origination software (LOS), have expanded their partnership by offering lenders easy access to nondelegated MI and appraisal services. e partnership will allow lenders to order Radian MI for delegated and nondelegated loans and get rate quotes directly via the LendingQB end-to-end LOS. ValuAmerica, a subsidiary of Radian Guaranty's sister compa- ny Clayton Holdings, will provide integration for lenders to order appraisal directly through LendingQB. e integration will strengthen Radian and LendingQB's dedication to simplifying the loan process and will provide convenience and efficiency in obtaining top-quality settlement services. Customers have the ability to order appraisals, upload documents, and track the status of orders using Radian's online portal. Brien McMahon, Chief Franchise Officer at Radian, says the partnership will further emphasize the company's commitment to providing a variety of products for customers. "At Radian, we are always looking for ways to make it easier for our customers to do business with us," he said. "is expanded partnership is a clear win for Radian's customers utilizing the LendingQB LOS because it will provide a broader selection of services that can be de- livered efficiently, helping lenders make their operations as lean as possible." was the percentage of all new and existing homes sold in Q4 that was affordable to those earning the median income of $53,900 in Youngstown- Warren- Boardman, Ohio- Pennsylvania. Source: February's National Association of Homebuilders/Wells Fargo Housing Opportunity Index STAT INSIGHT 90.4%

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