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Digital Lending Software Firm Blend's Mortgage Suite Saves Resources With Product Automation And Streamlined Application Flows - Report crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Winnie Ling: Good afternoon, and welcome to Blend's Third Quarter 2023 Earnings Conference Call. My name is Winnie Ling, and I'm Head of Legal for the company.
Blend, a leading provider of cloud banking services, announced today that Paramount Residential Mortgage Group has seen a substantial increase in application conversions and significant cost savings...
Navigating the Wild, Wild West of Digital Closing Providers themreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themreport.com Daily Mail and Mail on Sunday newspapers.
Winnie Ling: Good afternoon. And welcome to Blend's Fourth Quarter 2022 Earnings Conference Call. My name is Winnie Ling and I'm Head of Legal for the company.
While the pandemic thrust RON into the mainstream of the industry, many are still wondering how the technology can benefit them and the closing process going forward.
Daylight Saving Time for much of the nation springs up Sunday morning, leading to plenty of grousing on Monday. What else is going on? “Please listen carefully, as our menu options have changed.” We’ve all heard that recording countless times when dialing a business. As an industry, our menu options have changed, or at least shifted. We all knew rates wouldn’t be in the 2’s forever and that refi burnout would take place. In our biz, lenders and MLOs continue to pivot to a purchase-centric focus. Independent mortgage bankers are warily watching CRA developments around the nation, which are spelled out in MCT’s Review, by Robbie Chrisman. Oh, and are we headed for an inverted yield curve? Due to the work from home (“WFH”) shift, a survey shows nearly 19 million more people want to move! The rise in oil prices and the flow of money is causing Texas laborers to move from building houses to working the oil rigs in the Permian Basin. Wealthy Russians are flocking to Dubai as the West tightens sanctions. Tesla orders are surging. And over a longer period of time, the gap between the haves and have-nots is continuing to widen given the appreciating housing market. (Today’s audio version of the commentary is available here and this week’s is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender.) Lender and Broker Products and Services A recent independent study conducted by MarketWise Advisors, LLC. found that ICE Mortgage Technology’s hybrid eClose solution, Encompass® eClose, saves lenders an average of 70 minutes per loan and two days off loan cycle times. With Encompass eClose, lenders can provide a better experience for borrowers and a single workflow for users by leveraging automation. As hybrid eClose, eNote, and RON technology adoption rises, the financial benefit of implementing a full eClose solution is expected to reach at least $500 per loan due to faster loan closing review and set-up, lower manual process costs and maintenance, as well as reduced errors. Read the full findings from this study.
<p><a shape="rect" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam12.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.icemortgagetechnology.com%252F%26data%3D04%257C01%257Cjoe.tyrrell%2540ice.com%257C7c2c6f66657d42db26bf08d9fd69c75d%257C0d009d13c2cd47d891dd2ae838b00d4b%257C0%257C0%257C637819453096161300%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C3000%26sdata%3DVdSrnNu1ixkCUEW5qVs%252B79QmEre7jefZ%252FQ2ENbjiAnw%253D%26reserved%3D0&esheet=52590829&newsitemid=20220308005290&lan=en-US&anchor=ICE+Mortgage+TechnologyTM&index=1&md5=3e255e0c4e5d25fc91fac4236de64d26">ICE Mortgage Technology<span>TM</span></a><span>, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the results of its hybrid eClose return on investment (ROI) study. The extensive independent study conducted by MarketWise Advisors, LLC., found 70 minutes saved per loan and 2.3 days faster loan cycles. With these results and the recent launch of eNotes, our comprehensive eClose solution will enable our clients to adopt automation and provide a much-improved user experience for lenders and borrowers.</span></p>