financial and mortgage education, as well as cash flow analysis, budget planning, data sharing and more. “My personal relationship with the partners at PRMG is extremely important to me and dates back decades with the founders, Paul Rozo and Robert Holliday…. PRMG has also built a successful company and reputation that focuses on superior customer experience, in addition to supporting originators with innovative solutions,” said Brian Vieaux, FinLocker president. “Built by originators for originators, PRMG shares our vision of innovation by leveraging sophisticated solutions to best serve PRMG originators and customers. This relationship will not only provide a unique value to PRMG consumers, but it also further reinforces the FinLocker mission to ‘Enable people to achieve the dream of homeownership and financial well-being.’”
boarding, pre- and post-closing operations and audits. HPS Investment Partners Acquires Citadel Servicing Corporation
Non-QM specialist Citadel Servicing Corporation (CSC) has announced that the company has been purchased by funds controlled by HPS Investment Partners LLC, a global investment firm that specializes in creative capital solutions and
manages strategies across capital structures. HPS was founded in 2007 and has $61 billion in assets under management as of January 2020. “We are excited that HPS has purchased CSC,” said new CSC Chief Executive Officer Kyle Gunderlock. “HPS have shown through past acquisitions the value they can bring. HPS’s financial and operational resources, as well as their confidence in what the CSC team has achieved, enhances our ability to continue to lead in the non-QM market.” In addition to the resources
available to CSC through this purchase, HPS brings a wealth of experience in growing businesses, allowing CSC to cement its position as the leader in the non-QM space. CoreLogic Acquires Location Inc. CoreLogic has announced its acquisition of Location Inc., a provider of geographic data continued on page 72
Visionet Announces Integration With Encompass
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The Originator Connect Network presents Motor City Mortgage Expo. The Motor City Mortgage Expo will include a lineup of educational sessions, business opportunities and networking events curated specifically for the entrepreneurial men and women of the Michigan mortgage industry. Workshops and sessions will include detailing today’s reverse mortgage opportunities, producing profits with private lenders and much more.
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motorcitymortgageexpo.com/register PRESENTING SPONSOR
n National Mortgage Professional Magazine n MARCH 2020
Visionet Systems Inc. has announced that it will be showcasing VLR and its integration with the Ellie Mae Digital Lending Platform at Experience 2020, from March 2325, 2020. The integration will allow lenders to more efficiently and securely share data between Visionet’s VLR solution, that is approved/certified by Freddie Mac and Fannie Mae, and Ellie Mae’s Encompass to improve closure ratio, reduce turnaround time and save costs in the loan origination process. “Leveraging the API based integration with Encompass, VLR can directly access borrower documents in the eFolder, process them and make relevant data available in Encompass within minutes,” said Arshad Masood, CEO at Visionet Systems. “All of this is done automatically, saving time and eliminating the chance of any errors. As a result, the underwriting process gets streamlined and lenders can free up time of specialist underwriters to process more loans each day. Lenders can deliver improved borrower experience, close loans faster, and reduce operations cost.” VLR is built on enterprise-level architecture, and is suited for any document-intensive workflow within the lending lifecycle, including loan setup, loan