From key hires and collaborations to new technologies, catch the latest happenings in the industry in this update.
WFG National Title Insurance Company (WFG), [1] an Oregon-based provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announced that Brandon Baker has been named the new President of the company's Dallas-Fort Worth division.
In this role, Baker will manage the day-to-day administrative operations for the DFW market, including working with the WFG team to establish short and long-term goals, plans and strategies. He will also be looking to recruit additional revenue-producing employees to add to the company's branches.
Baker comes to WFG from another title company, where he was most recently a Vice President and was responsible for strategic growth, fee attorney operations and recruiting. Before that he held several executive sales positions.
"Joining WFG and leading the DFW office is a great opportunity to continue to develop in this marketplace," Baker said. "With our current team and new recruits, we look to build on our relationships with the local real estate community to increase our market share. Our ultimate goal is to create a better real estate experience for home buyers and sellers."
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Wolters Kluwer Lien Solutions [2] has introduced Portfolio Sync a lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. As an addition to iLien, Lien Solutions’ flagship lien management product, Portfolio Sync combines customers’ existing iLien filings with public records data into one view, providing greater visibility into one’s entire lending portfolio—and identifies associated gaps that may require risk mitigation or other actions to maintain a lender’s secured interests.
“Many lenders use multiple methods to submit UCC filings, including law firms, title companies, secretary of state offices, or third-party providers,” noted Nasser Ansari, Director, Product Management, Lien Solutions. “But this fragmented approach makes it harder to maintain an accurate, holistic view of your filings and to analyze your overall lien portfolio health, much less take corrective actions if needed. Portfolio Sync mitigates the risks posed by gaps in lenders’ filing portfolios, providing a single, web-based access point to manage all of one’s filings, regardless of how or with whom they were filed.”
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ComplianceEase [3], a provider of automated compliance solutions to the financial services industry, announced that its ComplianceAnalyzer is now integrated with LendingPad, the cloud-based loan origination system (LOS) from WEI Technology LLC.
With this integration, LendingPad users can perform real-time audits for regulatory compliance violations without leaving their LOS. ComplianceAnalyzer audits both first mortgages and home equity loan and lines for federal, state and local requirements, including state predatory lending issues; changes in terms and fees; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures.
"We designed LendingPad with the needs of today’s lender in mind," said Wes Yuan, Managing Director of WEI Technology. "By integrating with the most comprehensive auditing solution in the market, we’re helping our lender customers not only ensure regulatory compliance, but also become more efficient."
“With origination volume down and costs to close up, lenders are looking to technology for a competitive edge,” said Sanjay Tibrewal, Senior Vice President of Product Management for ComplianceEase. “Our integration with LendingPad helps more lenders streamline compliance processes to help accelerate closing, deliver a better borrower experience, and ultimately grow their businesses.”