Ginnie Mae and Falcon to Host a Webinar
Later this month, Ginnie Mae is expected to reopen its Digital Collateral Program, a project that our consulting group has been very involved in over the last two years. To help Issuers and the eMortgage ecosystem get up to speed on the new program, our company is hosting a joint webinar with Ginnie Mae on Thursday, June 2 at 2pm ET.
Presenters will include Lynne Chandler, Ginnie Mae’s Digital Program Director and Rebecca Perkovich and Tim Renner from Falcon Capital Advisors. The informative one-hour program will cover:
- Digital Collateral Program overview and requirements
- Policy changes
- Ginnie Mae Digital Collateral Program Guide (eGuide) changes How to apply to become an eIssuer
- FAQs
- And more
The webinar is open to all Ginnie Mae Issuers, interested lenders and other eMortgage ecosystem stakeholders. Click here to register.
Hope you can join us! – Armando
ICE to Buy Black Knight
Last week, NYSE and Ellie Mae owner ICE announced it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion. Now ICE must convince regulators that the acquisition will not harm competition in the mortgage tech solutions market. But top executives at both companies told analysts last week that the businesses are complementary with ICE focusing on origination and Black Knight focusing on servicing and the secondary market. The company doesn’t expect the deal to be completed until the first half of 2023.
MISMO Starts eVault Standards Development Workgroup
Earlier this year MISMO put out a call for participants to create a set of eVault standards to improve the current process and enhance digital mortgage scalability. Learn more about MISMO’s newest eVault Standards Development Workgroup (DWG) from Tim Renner, Falcon’s Counsel who is co-chair of the group.
Integration Updates
Vesta, a LOS and SaaS company, and Docutech, a provider of eSign and eClose technology, announced an integration that allows lenders using the Vesta LOS to easily generate document packages and support eSignatures via Docutech’s digital mortgage and eClosing solutions.
SaaS platform paymints.io has integrated with Notarize allowing paymints.io users to see if a transaction is eligible for a digital closing from within the paymints.io platform. Finally, Figure Technologies‘ lien and eNote registry system, DART, announced integrations with Blue Sage and Docutech.
Through the integrations, Blue Sage and Docutech customers will have the ability to register loans with DART simplifying the loan process and allowing for immediate settlement.
NotaryCam Surpasses 1 Million RON Transactions
Over the past 10 years, NotaryCam has facilitated more than 1 million transactions for Fortune 500 companies, banks, mortgage lenders, attorneys, settlement agents and more
across the country and around the world. Commenting on the milestone, NotaryCam president and founder Rick Triola said, “Whether it was the first or the one-millionth transaction, NotaryCam has been committed to providing a RON platform that facilitates a smooth mortgage closing experience without any of the limits imposed on traditional closings, and we will continue to bring that commitment to our next million transactions.”
Bitcoin-Backed Mortgages
Buying a house with Bitcoin as collateral may soon be possible as crypto startups try to crack the $2.6 trillion mortgage market. A start-up called Milo started offering 30-year mortgages backed by cryptocurrencies in March and is working with more than 700 potential borrowers on pre-approvals and has made $5 million to $10 million in loans.
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