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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

Mortgage tech firm TRAiNED Inc. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. Department of Homeland Security and title insurance company Charter Title. It aims to save clients an average of 15 hours per week on labor.

Training 417
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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. Our professionals then work within their technology, reducing potential challenges about the technology integration.

Mortgage 401
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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company. Training their workforce is also crucial, they said. Valverde said the problem affects homeowners, investors and insurance companies, and Ginnie Mae is “a bridge for all those counterparties.”

Mortgage 423
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A look at key mortgage claims challenges servicers are facing

Housing Wire

The pandemic has brought to the surface the glaring inefficiencies – limited trained staff, multiple claims systems, inefficient manual processes – and (unnecessary) financial costs that have plagued the claims servicing process for decades. Servicers are taking a harder look at technology to reinvent the way they process claims.

Mortgage 372
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How to gain a competitive edge through in-house servicing

Housing Wire

Well-trained staff using the right mortgage servicing software can service 700 or more loans per employee. Late fees and commissions on optional insurance can also increase revenue. In addition to benefiting customers, in-house servicing generates significant revenue.

Investors 351
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 397
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Prioritizing home equity solutions in a rising rate environment

Housing Wire

Technology equals efficiency. A lot of lenders haven’t spent much money on technology for home equity processes. They’re still using legacy in-house technology for their loan origination system and their processes simply aren’t efficient. They include automated title, digital signing solutions and eClosing offerings.