DS News

DS News March 2018

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

Issue link: http://digital.dsnews.com/i/945927

Contents of this Issue

Navigation

Page 93 of 99

92 Swanepoel Power 200 list. Chris Bennett, Ex- ecutive, and Gregg Larson, Principal, Business Development, were both named to the list for 2018. e Swanepoel Power 200 is an annual ranking of residential real estate's top leaders published by the Swanepoel T3 Group. "It is always gratifying to have your contri- butions recognized in this way," said Bennett. "But Gregg Larson and I have to give most of the credit to the CoreLogic staff who work so hard every day innovating, developing and sup- porting our lineup of outstanding solutions." is is the fourth consecutive year that Bennett and Larson have been named to the Swanepoel Power 200. According to Swane- poel, leaders are evaluated based on diverse criteria, including the office they hold and their decision-making power, their organization's financial resources and industry significance, their personal influence in the industry and publicly announced plans for future innovation. Where Have Home Values Recovered Most Since the Crash? When the U.S. housing economy collapsed a decade ago, it lost $9 trillion in property values. According to Zillow, the market has gained it back. Just not evenly. at dynamic is illustrated best when comparing the West to the industrial Midwest. In pure dollars, market values along the Pacific coast make up the five metros with the best market value gains. San Jose dwarfs even its neighbor, San Francisco, having seen a market gain of $615,100 since the crash. San Francisco has seen growth of $435,700. Los Angeles, San Diego, and Seattle each saw gains above $200,000. In contrast, markets close to the Mississippi have gained values, but much smaller ones. Indianapolis has had the lowest market value gains since the crash, with the market there growing just under $20,000. St. Louis, Cleveland, Pittsburgh, and Cincinnati, the remainder of the five lowest-growth metros, each gained between $20,000 and $30,000 in value. Growth in most markets has offset the fact that Las Vegas, one of the hardest-hit areas during the Great Recession, has yet to gain back all its lost value. According to Zillow, Las Vegas home values remain 19 percent below the peak reached during the bubble. "A decade after the financial crisis, the scars of the housing bust are still with including many in multifamily real estate. First Foundation Bank will add a set of advanced digital offerings and continue its long-term relationship with Fiserv for use of the Precision core account processing platform. e added digital offerings include Archi- tectTM, a comprehensive system that will support the bank's multi-generational retail cli- ents, and Commercial CenterSM, which will provide an integrated delivery system to scale high-demand commercial banking services. First Foundation Bank selected these solutions for their technical capacity, integration capabil- ity, mobile delivery options, and ability to help minimize risk and counter fraud. "Our organization is growing quickly, and one of our largest markets is California, where expectations for dynamic technology are incredibly high," said Jami DeHaven, SVP, Enterprise Delivery Services, First Foundation Bank. "Our existing relationship with Fiserv gave us the confidence to partner with them to build a comprehensive framework to deliver an experience that exceeds our clients' expecta- tions while enabling our people to do their jobs efficiently and manage change during rapid growth." e added digital solutions are part of a broader initiative at the bank to build a highly integrated enterprise services framework that will streamline both the customer and employ- ee experience. e bank's multifamily lending solution, LendingLink, will be a key part of this framework. In addition, First Foundation Bank engaged Fiserv to design an intranet service portal to manage internal collaboration and leverage dynamic forms and data delivery services to automate a wide range of internal, client-facing processes. "First Foundation Bank and Fiserv have developed a strategic relationship that benefits both the bank and its customers," said Todd Horvath, President, Bank Solutions, Fiserv. "Teams at Fiserv and the bank have worked side by side on a number of projects that sup- port the bank's ongoing transformation. We understand First Foundation Bank's vision and our team is committed to supporting the evolv- ing needs of the bank as it continues to grow." Industry Award for CoreLogic's Real Estate Leaders California-based property information and analytics solutions provider CoreLogic has announced that two of its key Real Estate Solutions leaders have been recognized in the CALIFORNIA Ellie Mae Passes New Milestone Ellie Mae, the cloud-based platform provider for the mortgage finance industry, an- nounced that it has passed the 1,500-employee milestone. e company has grown 40 percent since January 2017 and 650 percent since its initial public offering in 2011. "Ellie Mae is thrilled to welcome our 1,500th teammate," said Jonathan Corr, Ellie Mae President and CEO. "And as we celebrate the 20th anniversary of our company, we continue to work together on our mission to provide a truly digital mortgage that automates everything automatable in the residential mort- gage industry. With Ellie Mae's innovative technology and our connected community of customers, partners and dedicated employees, more people are able to achieve the American Dream of homeownership." Ellie Mae has nine offices across the United States, including the company's headquarters in Pleasanton, California. In 2017, Ellie Mae opened its Innovation Center to house the company's growing technology and product employees. "We believe our employees can make a dif- ference the moment they start, and we wanted to give them the space to innovate and connect. Last year we expanded our footprint in the Bay Area as we opened our Innovation Center," said Corr. "We have increased our presence in Pleasanton, created a better, more collabora- tive work environment for our employees and given the company the space and opportunity to grow." First Foundation Bank Adds Digital Solutions From Fiserv Fiserv, Inc., a global provider of financial services technology solutions, has announced that First Foundation Bank, based in Irvine, California, has extended and expanded its relationship with Fiserv to meet the growing technological needs of its diverse customer base. First Foundation Bank is a subsidiary of First Foundation Inc., a financial services company that provides personal banking, business banking, and private wealth manage- ment services. e bank serves personal clients as well as a broad range of commercial clients,

Articles in this issue

Archives of this issue

view archives of DS News - DS News March 2018