Learn about the latest mortgage technology and partnerships in this weekly update.
Florida-based Black Knight Inc., a software, data, and analytics solutions provider for the mortgage and real estate industry, announced on Monday that the first phase of its new solution LoanSphere Expedite Close would be available this year. The solution provides an electronic closing fulfillment process, enabling seamless and secure online interactions between the real estate agent, lender, settlement agent, and consumer from contract through the closing. “In a real estate transaction process, roughly a third of real estate transactions don’t even involve a loan. [Expedite Close] is a little different from its peers in that we are looking to bring together all participants of a transaction, be it the consumer, the realtor, the broker, the settlement agent or closer, and all the way through the investor and servicer,” Andy Crisenbery, SVP and Managing Director of Black Knight’s Lending Solutions Division told MReport.
Flagstar Bank has announced that Mary Mbiya will serve as program manager of its diversity and inclusion initiatives. Mbiya has over 18 years’ experience in financial services, with five years at Flagstar where she most recently served as VP and Senior Branch Manager in Rochester. “I’m fortunate that Flagstar has already created a template for diversity and inclusion,” said Mbiya. “I hope to use my knowledge of the bank and the communities we serve to make a significant impact both inside and outside the company.” In her new role, Mbiya is responsible for leading further development and implementation of Flagstar’s strategy for diversity and inclusion.
First American Financial Corporation, a global provider of title insurance, settlement services and risk solutions for real estate transactions, announced the completion of its acquisition of Bank of America’s lien release business. Bank of America’s lien release business and its employees are now part of First American’s Mortgage Solutions division, a leading provider of comprehensive solutions for residential lenders and servicers covering the entire loan spectrum. As part of the agreement, the group will continue to provide lien release services to Bank of America. “We have taken our industry leadership in post-closing services and collateral file perfection another step forward,” said Kevin Wall, President of First American Mortgage Solutions.
IndiSoft, a Columbia, Maryland-based technology development firm that specializes in systems for the financial services industry, just announced that it has selected Hans Rusli as the company’s new CEO. Rusli brings over 25 years of diversified experience as a senior mortgage banking executive in servicing technology and mortgage enterprise risk management. In his new role, Rusli is responsible for the strategic direction of the company. While Sanjeev Dahiwadkar, Founder, and CEO, now becomes IndiSoft’s Managing Member and Chairman of the Board. Rusli most recently served as Chief Credit Officer at Caliber Home Loans in Irving, Texas. Prior to that, Rusli spent 10 years at Bank of America as SVP in Risk Management where he oversaw credit quality control of all the bank’s originations as well as regulatory and audit compliance.
Northsight Management LLC, a thriving mortgage field services provider offering a full array of default property management services, announced the finalization of its merger with Truly Noble Services, a well-respected Texas-based full-service general contractor. According to Josh Sarchet and Steve Johnson, Northsight principals, “We are confident this fusion of organizations will add significant expertise and strength to Northsight. The team at Truly Noble has a solid reputation within the REO repair space which will fortify Northsight’s service offerings, as well as further support and expand its current client base.”