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Eye on the Industry: A Snapshot of Recent Developments

From new appointments to latest technology deployments, catch the latest news in the mortgage industry in this weekly update.

Pleasanton, California-based Ellie Mae, a cloud-based platform provider for the mortgage finance industry, announced the release of AllRegs Online, which includes an updated and modernized interface, new features, compatibility with tablets and more all designed to drive efficiencies in the loan production process.

Ellie Mae said that AllRegs Online will provide a new user experience for those using this platform for regulatory and investor information. AllRegs Online enables lenders to confidently manufacture loans knowing they meet the latest investor requirements or state and federal statutes. The new user interface achieves a new level of usability, ensuring the powerful research and reference content offered is accessible to anyone across an organization–from loan officers to operations personnel, underwriting, risk management, compliance, quality control, and secondary marketing.

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As part of its goal to increase AHM's expected annual loan volume to nearly $100 million, Georgia-based mortgage broker, Atlantic Home Mortgage (AHM) has hired Naveed Bhurgri, as a Partner.

Bhurgri began his career as a Mortgage Advisor in 2003. Within the first year, he became a top producer, consistently ranking number one in his branch and top five in all of Georgia. Naveed moved to a management role shortly after and helped guide his division to closings in excess of $100 million annually. In 2006, he founded Bluestone Capital Group, a boutique Mortgage Brokerage.

"I'm delighted to partner with Tony Davis of Atlantic Home Mortgage to achieve our shared vision of growing a lending institution by leveraging innovative technologies and providing our clients the absolute best service available, making sure we always exceed expectations," said Bhurgri, Founder of Bluestone Capital Group. "There's a lot of hard work ahead for both us and our teams, but we're excited about the challenge to become the number one mortgage company that people trust with their financial needs."

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Austin-based mortgage industry management consulting firm, Transformational Mortgage Solutions (TMS), today announced that it has brought on Michael Barrett as mortgage executive consultant. In this role, Barrett will apply his more than 17-years of mortgage business and product development expertise to helping TMS clients improve process efficiencies, execute digital mortgage transformation strategies and expand profit margins.

"In this tight market, many lenders need to evaluate their business model and back office processes with fresh eyes in order to make the kinds of informed and effective decisions that will keep their business viable," Barrett said. "I'm excited to join the stellar team at TMS, and contribute to their reputation as a firm that can cinch the belt on any lending operation by coaching for intentional, disciplined performance."

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ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries headquartered in San Diego, announced that Dori Daganhardt has joined the company as SVP of Data Strategy.

In this new position, Daganhardt will be responsible for expanding the data and predictive analytics offerings. She will report to Bob Jennings, CEO of ClosingCorp.

Daganhardt brings more than 20 years’ industry experience in leading the development and delivery of strategic market solutions. Prior to joining ClosingCorp, Daganhardt was a consultant focused on helping companies develop data-driven cultures and executing practical product marketing strategies. Earlier, Daganhardt was the VP of Product and Market Strategy for the data and analytics division of Black Knight, Inc. Daganhardt has also held several executive positions at CoreLogic, including general manager, analytic products for RP Data in Sydney Australia.

 

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected].
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