Where digital mortgages take flight

At Falcon, we work with our lender clients seeking to successfully launch their eClosing initiatives. We review the current state of each lender’s business and operations to assess its eClosing readiness and develop a roadmap for transformation. Our team of experts then work alongside the lender to execute end-to-end business reengineering of its processes to ensure successful adoption, which includes selecting optimal vendors, updating business collateral, training staff, completing integrations and investor approvals, and incorporating lessons learned from its first eClosings. As a result, our lenders are armed with eClosing programs developed for immediate implementation and scalability.

The Falcon team supported Ginnie Mae with the development and successful launch of its Digital Collateral Program, which removed one of the biggest barriers to widespread eMortgage adoption. We leveraged our home loan and eMortgage expertise to redesign Ginnie Mae’s delivery management processes and analyze their governance documentation to incorporate the securitization of eNotes. As Ginnie Mae grows this program, we continue to provide support through policy formulation, procedures/controls development and execution, automation of manual processes, and responding to industry changes as they arise.

Falcon works with MISMO to develop standardized review processes and certify eMortgage technology solution (e.g., remote online notarization) providers. This MISMO certification program provides a single set of requirements and a uniform and transparent review process that can be relied upon by investors, title companies, secretaries of state, and other mortgage industry participants, relieving them of the burden of maintaining their own review and approval processes and fostering interoperability among technology solutions. For providers, it reduces the number of different requirements and reviews they may otherwise be subject to and facilitates the early identification and remediation of potential issues. More information on MISMO’s certification programs can be found at www.mismo.org.

Falcon works with TSP clients to provide strategic advice and aid them with the development of their various product offerings, such as eClosing systems, remote online notarization (RON) platforms, and eVaults. Our team of experts has unique experience with applicable industry requirements and best practices and leverages this experience to help TSPs ensure their solutions meet industry and client needs. We also work hand-in-hand with our TSP clients to provide enhanced, customer-specific implementation of their product, streamlining implementation while reducing the burden on the TSP’s implementation staff.

Falcon is a designated MERS® Quality Assurance Vendor. Our team has unmatched experience with all aspects of MERS, including the MERS® System, MERS® eRegistry, and MERS as mortgagee. As a third-party reviewer of a client’s MERS® Annual Report, we provide a thorough review of its processes to confirm they adhere to MERS® quality assurance requirements. We also work with clients on the development of policies, procedures, and controls, support the remediation of MERS® compliance violations, and assist with MERS document and data requirements.