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Sales Boomerang: Timely Intelligence to Ensure No Borrower Left Behind™

Top 10 Mortgage Technology Consulting/Services Companies - 2019

A relatively new entrant to the technology-driven era, the banking industry, and particularly, the lending process remains largely inconsistent in terms of compliance and transparency. This is evident from the mundane tasks that are still in existence like filling forms, negotiating a commercial loan, performing a borrowers’ background check, or other routing activities. With the growing competition and regulatory reforms, it is crucial for banks to address these shortcomings by being open to digitalization opportunities offered by a multitude of fintech solution providers.

The popularity of cloud computing is on an upward slope for the past few years due to its efficacy in increased scalability, cost-effectiveness, and agility. With that addressed, several solution providers are offering to improve automation, cybersecurity, data analytics, and machine learning capabilities in a bid to ensure enhanced lending management for banks. As regulatory inconsistencies increase, using technology to help banks and financial institutions with organizational and compliance management has become essential in eliminating risks in lending. In addition, blockchain is another groundbreaking technology that aims to boost the lending space, with better risk control and transparency, thus restructuring lending operations. Compared to the traditional banking systems, modern-day fintechs are playing a significant role in the revolutionary changes of the global lending market. As the means to build digitalized and streamlined platforms that meet the ever-evolving expectations of customers, banks are forging partnerships with solution providers.

Mortgage brokers and lenders are both investing in consumer-facing technology to increase their brand value and create brand awareness. Irrespective of whether they are existing borrowers seeking a remortgage or first-time buyers, consumers today want an Amazon-like experience. Robotic process automation is helping to improve operational efficiencies across businesses by combining automated object recognition, optical character recognition (OCR), and direct application integration. In a recent study, it was revealed that 63 percent of current lenders are aware of technologies like AI and machine learning, while 27 percent of them have already experienced AI and ML-based tools first-hand within their company.

On the other hand, lending management solutions optimize end-to-end loan applications to expedite the process, and it is the most significant differentiator in auto loan financing. These solutions offer all-inclusive lending management functionality for various types of loans, alert management, configurable credit monitoring activity, omnichannel settlement of the account, bank-oriented rephasement, and rescheduling of the events. As lenders prepare for 2019, it will be imperative for businesses to quickly understand the impact of technologies, implement them for understanding borrower needs, and optimize customer experiences to be the frontrunners. While forward-looking lenders have already begun digitalizing their processes, there are several roadblocks to the adoption of new technologies.

To help companies navigate through the best-breed of mortgage technology services providers, Banking CIO Outlook has compiled this edition on the most promising services providers. A distinguished panel comprising CIOs, VCs, and industry analysts, along with Banking CIO Outlook’s editorial board, has evaluated and shortlisted the vendors that have significantly stood out as some of the most prominent players in the mortgage technology arena for the year 2019. The mortgage technology service providers featured in this issue have established their eminence in the banking sector through their business knowledge and industry prowess.

We present to you Banking CIO Outlook’s “Top 10 Mortgage Technology Service Providers 2019.”

Top Mortgage Technology Companies

Clarity Technologies is a tax-oriented mortgage technology consulting company at the forefront of any advice with the ROI. The business requires a systematic approach to finding the correct solution as technology professionals. Clarity Technologies is proud to be associated with industry leaders such as Ellie Mae, the Association of Mortgage Brokers, and more. These relationships guarantee that they are faced with prevalent modifications and needs that affect the mortgage, technology, and safety industries. The company is proud to work with these partners to provide the alternatives and services needed to make the sector difference

claritytech.us

Sales Boomerang is the smart mortgage professionals system that alerts when an unqualified lead is eligible. Sales Boomerang is a technology-based service. It is intended to offer mortgage businesses, banks, and mortgage experts the capacity to obtain alerts when qualifying an unqualified client. It also enables current clients to be taken over and brought back when they are prepared for another loan. Sales Boomerang in the mortgage lending sector is the only automated Borrower Intelligence and Retention scheme. The business can transform every client into a Customer for Life with this intelligence.

salesboomerang.com

Zia Consulting offers businesses across the sector with mortgage loan automation systems. The company delivers important cost savings, offering accelerated income possibilities, and enhance visibility in the compliance and business intelligence process. Automation of mortgage loans dramatically decreases manual labor costs and eliminates mistakes during the entire lifecycle of credit manufacturing. Their products deal with unique content management system (CMS) use project management instances, including inclusion of MS Project, contract management, digital signatures, and service provider multi-tenancy. They are committed to delivering timely and budget-based measurable company outcomes

www.ziaconsulting.com

AhelioTech LTD

AhelioTech LTD

AhelioTech is committed to delivering low-cost products and services without taking shortcuts or sacrificing efficiency, but improving quality and client support. The company believes that the best way to serve their customers is through a foundation of confidence, honesty, and a consistent effort to outperform the competition— in all ways. AhelioTech has a wide variety of technology services, including a local staffed 24/7 customer support call center. AhelioTech enables increasing companies to identify, assess, and execute alternatives that use new and existing technology & resources to enhance operational effectiveness and boost income

Assimilate Solutions

Assimilate Solutions

Assimilate Solutions is a U.S.-based, worldwide supplier of financial services solutions. The company offers domain-centric services in the United States and Australia to real estate firms, mortgage originators/lenders, mortgage service firms, and title/settlement firms. The firm thinks that a critical success factor is their deep domain understanding combined with a proven track record for setting up, managing, and monetizing offshore companies. They know the company, are familiar with the economic, operational, and technological problems, and have demonstrated experience in meeting these difficulties with tailored alternatives as well as leading the sector

Cloudstar

Cloudstar

Cloudstar is a multi-national supplier of virtual desktop hosting, hosted software and apps, and controlled industry consulting across the U.S., Canada, and South America. The motto of the company is to be the number one supplier of services for land title officials, law firms, mortgage lenders, property entities, and government agencies. Cloudstar's task is to simplify controlled industry technology and guarantee information safety, time and client service in every step they take. By offering safe access and two-factor authentication, all accessible via a single website, Cloudstar offers best-in-class safety and seamless user experience.

Evolve Mortgage Services

Evolve Mortgage Services

The principals of Evolve have extensive finance, consulting, traditional and mortgage banking experience. They have been specifically involved with Evolve’s core business activities since 1991, successfully completing over 5,500 engagements for more than 500 clients. The company’s staffing and expertise span the entire gamut of mortgage operations providing origination support services from Underwriting through Investor Delivery, Government ensuring and Secondary Marketing support services. Evolve adds value to both special situations and "business-as-usual" origination, investor or servicing support services

Radian

Radian

Radian ensures responsibly and sustainably the American homeownership dream through products and services that include industry-leading mortgage insurance and an extensive suite of mortgage, risk, immovable property, and title services. The business is guided by technology, data-informed, and driven by fresh and better ways of transacting and managing risk. The company is shaping mortgage and immovable services' future. Today, with a complete range of mortgage and real estate alternatives, Radian delivers on the promise of innovation. Radian mortgage services enable stakeholders to identify risk zones and opportunities across the mortgage spectrum of residential homes

UHS America

UHS America

UHS America is a quality control seller providing post-closure hypothetical audits and pre-financing mortgage audits. The business utilizes the latest technology to ensure that the data is safe and secure at all times. The company provides expert and innovative quality assurance solutions to lenders with a dedication to excellence. Their extremely qualified auditors carry out a thorough evaluation that meets the requirements of quality control. A complete post-closure audit and re-underwrite of each credit file are included in the residential mortgage quality control service. Also, UHS America will improve the criteria for due diligence to add any special paperwork or demands that are specific to their company needs

VRMU

VRMU

VRMU offers a range of services to help performance and non-performance loans servicing. VRMU provides support services that provide its customers with operational lift and performance excellence. With established procedures, the industry's finest actual property experts and their patented technology platform, they provide a scalable outsourcing platform that helps lenders, service providers, investors, and public financial institutions decrease operational and reputational risk while helping to lower operating expenses dramatically. Regardless of the type or length of investment strategy, VRMU Mortgage services can provide the alternatives needed to meet investment goals