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Eye on the Industry: Updates on Genworth, Freedom Mortgage, and More …

Updates

From education and technology to rewards and recognition, get the pulse of the mortgage industry in this weekly update.

UnderwritingGenworth Mortgage Insurance, an operating segment of Genworth Financial, Inc., recently announced the launch of Loan Processing University, a professional development program whose online courses include a self-assessment tool providing real-time feedback on performance and knowledge retention. The program, a derivative of Genworth’s Underwriting University, furthers Genworth’s commitment to making positive contributions to the mortgage industry. It is designed to help Genworth’s lending partners reach their goals to develop their staff with a comprehensive, consistent curriculum and provide quicker turn-times through efficiencies in loan processing. Online program participants learn to review and validate documentation before a file is submitted to underwriting.  They will increase their knowledge of Automated Underwriting Systems (AUS) and how to validate findings and feedback messages as well as acquire an understanding of basic loan eligibility for Fannie Mae and Freddie Mac.

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Loan OriginationsLoanScorecard, a provider of automated underwriting technology, announced today that its technology will power Deephaven Mortgage’slaunch of the new IDENTI-FI  AUS. Deephaven’s launch of this technology furthers its mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage. In  In a statement, LoanScorecard stated: “As a leading issuer of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products. In order to empower originators at the point of sale, Deephaven is introducing IDENTI-FI AUS.”

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Blend, a Silicon Valley technology company, today announced it has launched the Blend App on Salesforce AppExchange, providing lenders a way to leverage Blend’s intuitive, mobile-first loan experience in harmony with the Salesforce lead management process. Built on the Salesforce Platform, the Blend App is available on AppExchange here. Loan teams using the Blend App can take advantage of out-of-the-box integrations that link a customer’s CRM to the loan application experience throughout its lifecycle, equipping loan officers with a holistic view of borrower information like assets, income, credit history, and more. Now, consumers will receive accurate, tailored product recommendations for their financial needs.

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Freedom Mortgage, a full service mortgage lender, has been named to the 2018 Inc. 5000 list of the fastest growing private companies in the U.S. 2018 marks the sixth straight year that Freedom has been named to this list.  Freedom Mortgage is the largest NJ company as measured by revenue to earn placement on the list for six consecutive years. With an revenue growth of 154 percent over 3 years, Freedom Mortgage is ranked 2,716th on the list of 5,000. By making the list for the sixth straight year, Freedom Mortgage earned a spot in the Inc. 5000 Hall of Fame, one of only 15 financial services companies to earn this distinction. Freedom Mortgage notes that it has more than twice the revenue of the next largest financial services company on the list.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.

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