From new leadership to new tech and partnerships, get the latest industry buzz in this update.
CoreLogic, a global property information, analytics, and data-enabled solutions provider, announced the availability of its updated RCT Express reconstruction estimating and risk assessment solution that now includes the ability to provide valuations for large tract homes (LTH). This update gives insurers the ability to better assess and price LTH policies, bringing more powerful coverage adequacy tools to the insurance industry.
“The rising popularity of large tract homes has created new challenges for insurers, who have historically struggled to distinguish these structures from high value homes that have more custom attributes,” said Benjamin Abbott, Product Manager for CoreLogic Insurance Solutions group. “Because of the size of these LTHs, many LTH homeowners policies have valuations more suitable for a custom home.”
Ellie Mae, a cloud-based platform provider for the mortgage finance industry, announced that Mr. Cooper the nation’s largest non-bank mortgage servicer and a leading mortgage lender, has deployed the Encompass Digital Lending Platform and Encompass TPO Connect for its wholesale and non-delegated channels. TPO Connect optimizes lender’s wholesale and investor’s non-delegated correspondent channels through a fully equipped, customizable, and interactive web experience built on the Encompass Digital Lending Platform, allowing lenders with multiple channels to leverage a single solution.
As a result of its acquisition of Pacific Union Financial in February 2019, Mr. Cooper acquired the Wholesale and Non-delegated Correspondent lending channels and technologies. This amounted to a total of five differing Loan Origination Systems (LOS) to manage and maintain, including some that were unable to support the mandatory URLA changes expected in 2020 and others that were inefficient and required supplementary manual upkeep.
After successfully utilizing Ellie Mae’s Encompass for its Direct-to-Consumer Channel, Mr. Cooper turned to the Encompass Digital Lending Platform for some of their third-party businesses due to its system optimization, cost, ease of use, and quick implementation timeline. Use of TPO Connect and the Digital Lending Platform enabled Mr. Cooper to reduce the cost and complexity of its total solution footprint while allowing for a more seamless, true multi-channel lending platform experience.
National Bankruptcy Services recently announced that Matt Slonaker and Jeff Aiken have joined the leadership team. Matt Slonaker is the EVP of National Business Development and Jeff Aiken is SVP of Operations. Slonaker will lead the revenue growth strategy efforts and be responsible for aspects of customer acquisition, revenue growth management, marketing enablement and business development. Aiken will be leading default operations and assisting Bonial & Associates, P.C.
"Matt has a proven track record of building revenue growth programs and developing successful business development teams." said NBS Chief Executive Officer Brad Cloud. "We're glad that he is joining our leadership team and driving our organic growth in the mortgage, consumer and automotive industry segments."
Slonaker brings more than 26 years of experience in the financial services industry to NBS and their affiliated law firm, Bonial & Associates, P.C. Prior to joining NBS, Slonaker served as Senior Vice President & Head of Enterprise Solutions Sales at WFG National Title. Additionally, he has held executive sales leadership positions at Sales Benchmark Index, Chronos Solutions and Carrington Holdings.