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Eye on the Industry: Updates on Arch MI, Land Gorilla, and More


From acquisitions and partnerships to appointments and recognition, see what’s happening in the mortgage industry in this weekly update.


Mortgage Cadence [1], a Colorado-based Accenture company, has integrated Arch Mortgage Insurance Company’s [2] (Arch MI) mortgage insurance platform into the Mortgage Cadence Enterprise Lending Center (ELC), providing customers with direct access to its mortgage insurance [3] risk-based pricing. “We’re pleased to offer our ELC users access to Arch MI’s platform without having to leave the system or re-key information,” said Trevor Gauthier, Mortgage Cadence’s President and COO. “This integration is another example of our ongoing commitment to quickly connect lenders with the products and services they need.” The Mortgage Cadence ELC facilitates lending in all forward and reverse mortgage [4] channels and across all mortgage products, including home equity. With the integration of Arch MI’s platform, ELC users can efficiently obtain mortgage insurance quotes from Arch MI RateStar, which provides rates based on a thorough understanding of the underlying risk—helping to ensure that competitive pricing and eligibility information is included in each quote.


Land Gorilla [5], a construction loan management software provider, announced the availability of DocuSign [6]’s e-signature solution through its cloud-based software. Land Gorilla states that, DocuSign, integrated with Land Gorilla’s Construction Loan Manager will streamline construction lending workflows by “reducing the friction in closings, improve draw processing times, and provide a better customer/builder experience” for financial institutions. “The trust that DocuSign provides is critical for project stakeholders and our customers,” said Sean Faries, CEO, Land Gorilla. “By working with DocuSign, we allow our customers to save time and improve efficiencies to the way they manage documents.” Land Gorilla notes that customers can now leverage the company’s Constrction Loan Manager with DocuSign’s e-signatire solution, as well as their broader platform, in order to process draws faster, automate back-end document processing, reduce operating costs, and increase customer satisfaction.


Ketan Parekh

Verus Mortgage Capital [7] (VMC), a non-QM correspondent investor backed by Invictus Capital Partners, announced the addition of new residential mortgage experts Ketan Parekh, Joseph Kohout, Michael Constas, Chana (Hanna) Gottlieb and  Xiaoxiao (Sherry) Overton. “Demand for short-term loans to finance professional home renovations has grown due to our nation’s aging housing stock, tight inventory and limited new construction,” said Dane Smith, President of VMC. “Adding this expert team enhances our current non-QM operation and enables us to better serve our lending partners and their clients.” The team originally ran the Ventana Home Mortgage conduit at Window Rock Capital Partners, acquiring RTLs and other non-QM products. Parekh and his team will focus on growing RTL market share and term business loan acquisition for VMC in New York.



New York-based First Data [8],  a commerce-enabling technology provider recently announced that it had integrated with the EllieMae [9] Encompass Consumer Connect lending platform. Together, the two companies will integrate secure payments technology to process mortgage and appraisal fees, allowing Ellie Mae customers to accept payment for all costs related to the lending process—including loan origination, processing, underwriting, and credit reports. “First Data is thrilled to deliver our fast, simple and secure payment technology to the banks, credit unions, and mortgage lending companies Ellie Mae serves,” said Jeff Shanahan, EVP, Head of CardConnect at First Data. “Our relationship will enable Ellie Mae to deliver a simple and secure solution for its clients and further enhanced consumer engagement for lenders.”