Ginnie Mae Digital Collateral Program Now Accepting Applications
Ginnie Mae has officially reopened its Digital Collateral Program, a project that our consulting group has been very involved in over the last two years. This is a major step forward for eMortgage securitization.
In anticipation of the program’s reopening, earlier this month we hosted a webinar with Ginnie Mae’s Digital Program Director Lynne Chandler. Lynne, along with Rebecca Perkovich and Tim Renner from our team gave an overview of the program’s new enhancements and requirements; policy and eGuide changes; how to apply to become an issuer, and more.
Couldn’t attend the live event? You can access the full recording of the live event here. For any enrollment questions please reach out to Rebecca Perkovich or Tim Renner.
-Armando
eRecording Now An Option for More Americans
A growing number of county recorders offices are going paperless thanks to electronic document recording providers like Simplifile, ePN, and CSC growing their networks. Simplifile has been adding about 30 counties/month and now offers eRecording in 2,375 counties. ePN added
90 counties in 8 states and CSC added 45 counties in 16 states during the first quarter of this year. eRecording continues to expand and is now an option for 9 out of 10 Americans!
Mortgage Industry Veteran Joins Falcon as Vice Chairman
We’re excited to announce that Phil Bracken has joined Falcon Capital Advisors.
In this new role, Phil will advise Falcon’s clients on strategic, operational, and technology initiatives.
“Phil is one of the most respected, well-known executives in the mortgage industry and his wealth of experience and industry knowledge are unmatched,” said Armando Falcon. “Having Phil on our team will accelerate Falcon Capital Advisors’ growth and reinforce our position as the premier full-service consulting firm dedicated to serving the needs of the mortgage and credit markets.”
“I’ve had the privilege of working with Armando and his senior advisors both at Falcon and in their former careers,” said Bracken. “Joining Falcon Capital Advisors, I’ll be working with a world-class team that is addressing critical business and digital transformational challenges facing the housing and mortgage industries; investors and policymakers, and consumers. This is an exciting time to join an amazing team.” Welcome to the Falcon team, Phil!
HW Rising Stars Award Winner: Rebecca Perkovich
Rebecca Perkovich was recognized by HousingWire Magazine as one of this year’s HW Rising Stars award winners. The HW Rising Stars award
recognizes 50 executives under 40 who have become leaders in their fields and who are helping move markets forward. Rebecca was recognized for her role in leading critical digital mortgage engagements for large financial institutions such as Ginnie Mae, MISMO, and a top 20 mortgage lender. When asked about a habit that has helped her succeed, Rebecca said: “I believe that always being curious and committing to lifelong learning has really helped me remain adaptable, flexible, and understand varying perspectives. The more I have exposed myself to new subjects, the additional perspectives I have been able to bring to my work, allowing me to take a multidimensional approach to problem-solving.” Congratulations Rebecca!
Wolters Kluwer Launches eVault solution for HELOCs
Wolters Kluwer launched a new eVault solution — OmniVault for Real Estate Finance — that enables clients to manage HELOCs and eMortgages on a single platform. Banks and credit unions can use the OmniVault for Real Estate Finance to originate digital HELOCs as a Digital Original, rather than just a PDF or a paper document. Like Wolters Kluwer mortgage eNotes, digital HELOCs can be stored, managed, and easily transferred in and out of an eVault on a single platform.
Integration Updates
Lenders One, a national alliance of more than 250 banks, credit unions, and independent mortgage bankers has added Snapdocs‘ digital closing platform as a preferred eClosing provider for Lenders One members. The Closing Exchange has integrated its signing services with
Black Knight’s suite of closing solutions, including Expedite Close and DocVerify, enable trained and vetted notaries to execute signings via remote online notarizations (RON). DocMagic has integrated with Black Knight’s LOS, Empower, to automate the DocMagic document generation process for lenders and provide access to additional DocMagic services.
Have an eMortgage related news item you want to share? Want to make sure you and your team are on our distribution list? Have a question about Falcon’s digital mortgage advisory services? Send us a note at [email protected]
