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From signature hires to new technology offerings, catch up with the latest happenings in the mortgage industry in this weekly update.
eOriginal Inc. has announced that Black Knight, Inc. will begin offering the company’s mortgage origination and settlement clients the ability to create, execute and deliver eNotes using eOriginal technology. Black Knight clients using the company’s Expedite Close digital closing solution will now be able to integrate eNotes into their mortgage origination process.
Black Knight joins others in the industry such as Fannie Mae, MERSCORP Holdings and Wells Fargo Home Lending in leveraging eOriginal’s eNote technology to help provide system capability and liquidity to the digital mortgage market. “At Black Knight, we’re laser-focused on transforming the mortgage industry through innovation,” said Rich Gagliano, President, Origination Technologies, Black Knight. “When it comes to the digital mortgage, creation, and acceptance of the eNote represents a quintessential ‘last mile’ challenge. By offering access to eOriginal technology through our Expedite Close solution, we’re traversing that last mile, and adding another key tool our clients need to achieve an end-to-end digital real estate transaction.”
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(TRK), a Utah-based provider of mortgage quality control (QC) and origination management solutions, announced that its flagship mortgage QC audit platform Insight Risk & Defect Management (RDM) is now available through the Ellie Mae Encompass Digital Lending Platform™ via Ellie Mae’s Encompass Partner Connect APIs. TRK is the first QC audit technology provider currently integrated with Encompass® using these advanced and extensible APIs. The seamless integration allows lenders to utilize Insight RDM for pre-funding and post-closing QC directly through Encompass to drive quality and efficiency in the loan origination process.
Insight RDM delivers industry-leading QC functionality to streamline the loan defect management and remediation process, helping mortgage lenders more efficiently track, report and trend loan defects to reduce repurchase risk and elevate loan quality. The enhanced integration also enables Insight RDM to use those data elements in conjunction with Ellie Mae’s system of record to improve process flow, increase audit speed and provide additional automation in the loan file review process.
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Atlanta-based Angel Oak Prime Bridge, LLC (AOPB), a residential investment property lender that provides financing solutions such as fix-and-flip loans now offer wholesale options for mortgage brokers looking to expand offerings to clients with an interest in real estate investing. To spearhead this new effort, AOPB has hired mortgage and wholesale veteran Will Jackson, who has over 20 years’ experience in the industry and a successful track record of managing and leading business efforts in this space, most recently at JP Morgan Chase.
The outlook for the fix-and-flip market shows an incredible opportunity for growth in the years to come. Fundamentals remain on solid footing and markets continue to see robust demand for financing as more borrowers come off the sidelines. With AOPB’s new product suite, brokers will have streamlined access to innovative solutions for borrowers looking to get financing in this space.
