Industry Spotlight

Resitrader, an online digital exchange for whole loan trading in the secondary mortgage market owned by Optimal Blue, recently integrated its fully automated trading platform with LendingQB.

PenFed Credit Union recently hired Ashish Mahajan as its first senior vice president of enterprise data. Mahajan will be responsible for developing enterprise data management (EDM) functions for the country’s second largest federal credit union, including data strategy, governance and futuristic capabilities for analytics and business intelligence, according to a company press release.

LendingQB, which provides lean lending loan origination technology solutions, and Cyberlink Software Solutions, which specializes in mortgage lending optimization and development solutions, recently enhanced the companies’ eRAMP bulk loan integration with MERS. The move is expected to drastically cut down on the time lenders spend registering and transferring loan rights.

Automated verification provider FormFree has partnered with LoanBeam, an automated income extraction and calculation solution provider, in an effort to help mortgage lenders solve two of their toughest underwriting challenges: collecting digital borrower financial data directly from the source and calculating qualified income with accuracy, consistency and efficiency.

Make-A-Wish America’s board of directors recently selected Richard Davis to serve as the organization’s CEO, effective Jan. 2, 2019. Davis has more than 40 years of leadership experience, having most recently served at U.S. Bancorp as the company’s chairman and its president and CEO before that. 

Wolters Kluwer recently launched Vanceo Mortgage, a loan processing system designed to be easy to use and create highly intelligent and compliant, end-to-end loan origination workflows. It assigns role-based tasks and enhances visibility of an institution’s mortgage lending operations and compliance management.

INTEGRA Software Systems recently announced collaboration with New Penn Financial and Freddie Mac to launch a new solution to allow for one-click submissions of loan data to Loan Product Advisor, the automated underwriting system (AUS) for the government sponsored enterprises.

Total Expert, a fintech software company serving lenders and bankers, recently announced that it has raised $20 million in Series B funding for its marketing operating system (MOS) software. The round of fundraising was led by Emergence Capital, with participation from Rally Ventures and Arthur Ventures, bringing Total Expert’s total funding to $34 million.

Mid America Mortgage, Inc. recently hired Pam Misner as the company’s underwriting manager. With nearly 30 years of mortgage expertise, CEO and owner Jeff Bode expressed confidence in Misner’s ability to serve in the role and collaborate on the expansion of origination and production teams for Mid America’s West Coast branches.

Navy Federal Credit Union was named a leader in four of six categories on Javelin’s 2018 online banking scorecard, highlighting a range of features and functionality.