Hubzu [1], an online real estate marketing platform, announced the launch of new mobile technology features including a mobile app and SMS notifications. These features allow Hubzu users to further engage and interact during the search and online auction phases by receiving real-time notifications regarding auction outbids, auction end times, foreclosure auction alerts, auction bid prices, and new properties.
Bids can now be placed directly through the mobile app and via SMS, a feature—providing users the flexibility they need to remain connected during an active auction.
The Hubzu marketplace features more than 3,500 active properties available for sale, and the new mobile offerings provide additional options for Hubzu users to search, learn, bid and buy through the tools that they are most comfortable using. Hubzu’s data shows that more than 50 percent of users who visit the website are doing so via a mobile device. Through mobile app push notifications and real-time SMS notifications, users can stay in the know about relevant property auctions and the latest bids.
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LoanScorecard, a provider of non-agency automated underwriting systems (AUS), recently announced that it has partnered with Nations Direct Mortgage (NDM) to power DirectQual, a pricing and scenario tool designed to provide preliminary pricing for various loan scenarios.
Powered by LoanScorecard’s Portfolio Underwriter technology, NDM’s DirectQual allows brokers, even if they are not yet approved NDM Mortgage Broker Partners, to import scenarios directly from Calyx Point or via 3.2 file upload and determine eligibility across NDM’s Non-QM loan programs. This not only simplifies the Non-QM loan process, but also helps brokers quickly find the right Non-QM program for their borrowers.
“We were looking for a solution that would help us engage with more brokers, educate them on our Non-QM products, and provide rapid pre-qualification answers brokers can depend upon,” said Martin Warren, Director of Lending at NDM. “This engine is a tremendous tool for our brokers to simplify the pre-qual process and get results for their Non-QM borrowers—consistently and quickly.”
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LoanScorecard [2] recently announced that NewFi Wholesale has implemented LoanScorecard’s product and pricing engine, Pricer1, and non-agency AUS, Portfolio Underwriter, as its Non-QM Pricing & Scenario Tool.
Founded in 2015, NewFi Wholesale is a wholesale mortgage lender headquartered in Emeryville, California, with expertise in government, jumbo, and non-qualified mortgage (non-QM) lending. The company is licensed to do business in California, Arizona, Colorado, Florida, Maryland, New Jersey, Oregon, Pennsylvania, Utah and Washington.
Powered by LoanScorecard’s Pricer1 and Portfolio Underwriter technology, NewFi Wholesale’s Non-QM Pricing & Scenario Tool allows approved and potential broker partners to run loan scenarios in Calyx Point or on the lender’s website. Brokers can then quickly determine eligibility and pricing across NewFi Wholesale’s proprietary non-QM products: Sequoia Portfolio Plus, Sequoia Portfolio Expanded, Sequoia Investor Pro and Sequoia CPA.
“By combining our broad range of loan products with innovative technology we are reshaping the way our broker partners shop for and close loans,” said Steve Abreu, CEO of NewFi Wholesale. “We chose to partner with LoanScorecard because they allow us to provide brokers, whether or not they are approved partners, greater value by accessing our proprietary guidelines directly in their LOS. In addition, we didn’t need to spend significant time and resources building our own AUS. LoanScorecard’s implementation process was so smooth that we were up and running in less than a month.”