Get the latest on new servicing technology, people movements, and changes in this weekly update.
North Carolina headquartered private mortgage insurance company, Arch Mortgage Insurance Company (“Arch MI”), has announced the completion of a new integration with Cloudvirga, developer of mortgage point-of-sale (POS) platforms. Cloudvirga’s  lender customers now have direct, real-time access to Arch MI RateStar. RateStar evaluates a wide variety of loan characteristics to more precisely match Arch MI rates to individual loan risk. Cloudvirga’s Consumer POS and Enterprise POS platforms now seamlessly connect with Arch MI to return precise MI pricing in seconds, eliminating the need to rekey data on websites outside Cloudvirga and ensuring accurate disclosure data. All RateStar quotes come with a 90-Day Promise to honor the quote as long as there is no change to the submitted loan information.
The American Mortgage Diversity Council  (AMDC) has taken another step to promote inclusion with the recent addition of Charmaine Brown, Director of the Office of Diversity and Inclusion at Fannie Mae , to serve the council as Vice Chair. Partnering with Chair Kathy Cummings of Bank of America , Brown will assist with the implementation of an aggressive agenda for the AMDC this year, working to equip the industry with the education and advocacy tools needed for fostering an industry-wide culture of diversity and inclusion. “I am honored to have the opportunity to serve as Vice Chair of the AMDC with Kathy Cummings at such an extraordinary time in our industry,” Brown said. “The role fits with my passion for inclusion and commitment to increasing access to safe, decent, affordable housing, helping minority, women-owned, disabled-owned, suppliers to grow their business, and amplifying the benefits of diversity and inclusion to achieve better outcomes.”
Northsight Management LLC , a thriving mortgage field services provider offering a full array of default property management services, announced the finalization of its merger with Truly Noble Services, a well-respected Texas-based full-service general contractor. According to Josh Sarchet and Steve Johnson, Northsight principals, “We are confident this fusion of organizations will add significant expertise and strength to Northsight. The team at Truly Noble has a solid reputation within the REO repair space which will fortify Northsight’s service offerings, as well as further support and expand its current client base.”
CoreLogic , a global property information, analytics, and data-enabled solutions provider, announced it is redistributing credit risk transfer (CRT) loan-level data from Fannie Mae and Freddie Mac. The CRT redistribution will include Fannie Mae’s Connecticut Avenue Securities (CAS) data and Freddie Mac’s Structured Agency Credit Risk (STACR), STACR SPISM, Whole Loan Securities (WLSSM), and Seasoned Credit Risk Transfer Trust (SCRT) data. CoreLogic is providing this data from both GSEs to new and existing CoreLogic Non-Agency RMBS clients at no additional charge. In addition, the industry-leading RiskModel by CoreLogic is being enhanced to seamlessly integrate the reference pool data for Freddie Mac’s STACR and Fannie Mae’s CAS programs. This will streamline RiskModel risk analysis capabilities for participants in both programs.
Home Point Financial Corporation  (Home Point), a national, multi-channel mortgage originator and servicer recently announced that it has named Richard Bradfield as Enterprise CFO (ECFO) and Bill Shuler as CIO. Both will report directly to Willie Newman, Home Point Financial President and CEO. Prior to joining Home Point, Bradfield spent more than 25 years at PHH Corporation, most recently in the role of SVP, Head of Originations, Financial Institutions Group. He is an accomplished and seasoned financial executive. Schuler previously served as President of WPS Advisors, LLC, and prior to that, as COO at Genesis Pure. He has nearly twenty years’ experience leading business and information technology divisions.