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Eye on the Industry: Updates on MCS, ALTA, and More …

From new appointments and industry recognition to enhanced business solutions, catch up with the latest happenings in the mortgage industry in this weekly update.

Texas-headquartered Mortgage Contracting Services LLC (MCS) has announced organizational changes to its management team. The company has promoted Chad Mosley to the new role of Chief Relationship Officer. In this role, Mosley will oversee MCS' customer-facing functions that include the management of all MCS client teams, business development, and marketing.

Additionally, MCS announced that John Maxwell's current responsibilities as COO would also include supervision of the company’s continuous process improvement and vendor management areas as well as all internal processes and workflow. “At MCS, our clients and their portfolios are at the center of everything we do. In Mr. Mosley’s 10-plus years as a key member of the MCS executive team, he has consistently kept our clients’ needs at the forefront of our business,” said Caroline Reaves, CEO, MCS. “This is a unique time in our industry, with new challenges facing us all. Mr. Mosley has a passion for client service and an innate ability to recognize the unique needs of each client. We couldn’t be more excited to have him moving into this critical role that highlights MCS’s commitment to client service and our core business of property preservation.”

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Washington, D.C.-based American Land Title Association has announced the award of a National Title Professional (NTP) to Mary Jo Edmiston, MTP and Zachary A. Ruroden. The designation recognizes land title professionals who demonstrate the knowledge, experience, and dedication essential to the safe and efficient transfer of real property.

Formally acknowledged with her NTP designation on Feb. 1, 2019, Edmiston and Ruroden join 97 other leaders from across the United States who also have devoted their careers and themselves to the land title insurance industry. “The NTP designation is bestowed only upon land title industry professionals who have made an extraordinary commitment to the industry and proved themselves through a rigorous vetting process,” said ALTA President Cynthia Durham Blair NTP. “Mary Jo’s hard work, extensive experience, and active participation make her an excellent example for the industry; her designation is well-deserved. I invite other land title insurance experts to apply for this achievement.”

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Mortgage Capital Trading (MCT), a California-based hedge advisory and secondary marketing software firm has announced that the 2018 STRATMOR Technology Insight Study rated it as the leader in overall satisfaction, lender loyalty, and functionality effectiveness in the production pipeline hedging industry, according to survey respondents.

According to STRATMOR Group, “72 percent of respondents use third-party tools for Production Pipeline Hedging and 29.9 percent chose MCT to conduct these analyses. Further, MCT’s Lender Loyalty ScoreTM value is an impressive 81; 20 points higher than the overall average score.”

The STRATMOR Group study results were gathered from a broad group of lender executives with the goal of providing lenders with data on the technology solutions available in the market today. Of the executives who responded to the survey, 45 percent were the head of, or part of, the technology department. Additionally, more than two-thirds of respondents were independent mortgage bankers, while 31 percent, were banks or credit unions.

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Bellevue, Washington-based Evergreen Home Loans has adopted, Snapdocs' technology to facilitate e-signings and improve its customer satisfaction, according to the San Francisco-headquartered mortgage tech provider Snapdocs. Evergreen Home Loans is a full-service direct home loan lender offering origination, funding and home loan servicing with offices in six Western states. The adoption of this technology will allow Evergreen to deliver a more integrated and seamless home closing process to its customers in Washington, Nevada, California, Idaho, Oregon, Arizona, and Alaska.

“The mortgage industry is rapidly evolving to keep up with the fast-paced, always-on world in which we operate, and we are excited to be at the forefront of that evolution,” said Aaron King, CEO of Snapdocs. “We’ve focused on modernizing the home closing process by creating one platform for title agents, lenders, and buyers.”

About Author: Stephanie Bacot

Stephanie Bacot is an experienced multimedia writer having created content for print, web, television, and more. She is the past producer of BIZTV, a national television network for businesses and entrepreneurs that reached more than 200,000 professionals. She has more than 15 years’ experience in healthcare marketing and was an advertising exec for Healthcare Journal of Baton Rouge, a trade publication focused on the healthcare industry, as well as the marketing director for a $5 million surgery center. Bacot is a graduate of Louisiana State University with a degree in Marketing and Communications. She resides in Dallas when she’s not pursuing her love of travel.
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