Home >> Daily Dose >> Eye on the Industry: Updates on Caliber, OpenClose, and More
Print This Post Print This Post

Eye on the Industry: Updates on Caliber, OpenClose, and More

Updates

From new jumbo loan products and apps for originators to new appointments and expansion of services, get the latest buzz on the industry in this weekly update.

Coppell, Texas-headquartered Caliber Home Loans recently announced the launch of its latest Portfolio Loan product, Caliber Elite Access (Elite Access). The product was created in response to rising property prices and is offered with some of the industry's most robust features. According to Caliber, Elite Access is truly unique and a strong addition to Caliber's Portfolio Lending suite of loan solutions. Elite Access borrowers may qualify for up to $3 million in loan funds with as little as 5 percent down and a 700 FICO score. New homeowners may save even more after closing, as mortgage insurance is never required. Elite Access offers a variety of loan terms and options, including both fixed- and adjustable-rate terms. Additionally, both 5/1 and 7/1 adjustable-rate mortgages (ARMs) are available under this product line. "At Caliber Home Loans, we're always working to increase opportunities for home ownership," said Sanjiv Das, CEO, Caliber Home Loans.

________________________________________________________________________________________

Houston-based InterLinc Mortgage Services has announced that Gene F. Thompson III, who has served as President since 2010, will now serve as COO of the company. A 20-year veteran of the mortgage lending industry, Gene has been with InterLinc since 2007, where he has served as both Executive VP and President. “Gene’s decades of experience in the mortgage banking industry, combined with his dynamic approach to sales and operations, has brought InterLinc unprecedented growth opportunities,” said James H. VanSteenhouse, InterLinc CEO. “The long-lasting relationships that he’s built with builders and realtors have enabled InterLinc to become a powerhouse in the mortgage industry. As both President and COO, Gene will have even greater opportunities to apply both his exceptional strategic acumen and his operational skills to helping InterLinc meet our goals for growth and our ongoing commitment to unparalleled customer service.” For more than a decade, InterLinc Mortgage Services has delivered home loans with the motto of “On Time and As Agreed” to customers buying or refinancing. Loan originators and branch managers participate in a family-oriented culture, coupled with accountability metrics aimed to drive production.

________________________________________________________________________________________

San Francisco-based mortgage fintech provider, OpenClose, has announced the launch of DecisionAssist Mobile, which provides fingertip access to the company’s proprietary web-based product and pricing engine (PPE). According to a statement by OpenClose, by using DecisionAssist Mobile, originators can quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device. Retail originators, wholesale brokers, and correspondent sellers can use this app to instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details. An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times, and increased pull-through rates. “As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator,” said Gordon Frigaard, Director of PPE Technologies at OpenClose.

________________________________________________________________________________________

Claims Recovery Financial Services (CRFS), a New York-based investor and insurer claims management solutions provider has announced the addition of new consulting and data analytics services, expanding its platform of defaulted-loan product offerings. The added services complement CRFS’s claims processing solutions platform, allowing clients to choose from a comprehensive, full-plate menu of consulting services based on their unique business needs. The additional bouquet of services offered by CRFS includes Investor / Insurer Mock HUD Audit Review; Investor / Insurer HUD Audit Support; Operational Enhancement Consulting; Accelerated Disposition Dashboard; and Surchargeable Damage (Property Preservation) Review. These services provide clients with a comprehensive product scope, across all facets of the claims, audit quality assurance, and property liquidation environments. CRFS said that it will customize a plan based on the needs of each individual client.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
x

Check Also

Stewart Appraisals Management Acquires Pro Teck Valuation Intelligence

In a statement, Stewart said that the acquisition of Pro Teck will "help to strengthen and expand its scale in appraisal and valuation solutions."

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.