heard on the street
continued from page 8
sumer with the right product, whether it’s a purchase or refinance loan, insurance policy or solar energy system. Paramount Energy Solutions is one of the largest solar sales companies in California and is now poised for national growth and expansion. “Guthy-Renker’s history is about teaming up with extraordinary people and companies to get their stories told. Paramount Equity is a great company with outstanding employees, a vibrant culture and passionate vision. We’re excited by the opportunity to give them the marketing help that they need to grow,” said Ben Van de Bunt, co-chief
executive officer of Guthy-Renker. “The offering of mortgage, solar and insurance delivers a powerful combination that will enable Paramount Equity to become a sizeable player in the national market.”
CoreLogic Completes Its Acquisition of Dorado CoreLogic has announced that it has completed its acquisition of Dorado Network Systems Corporation in a $32 million all-cash transaction. Dorado is a recognized leader in collaborative cloud computing applica-
tions and architecture to the financial services industry. CoreLogic previously held a 38 percent equity interest in Dorado. With the acquisition, CoreLogic gains patented cloud computing-based technology that extends and accelerates the embedding of CoreLogic decision management applications into client operating environments, making transaction decisions faster, more automated, and more accurate. CoreLogic anticipates expanding these services to enhance its 360-degree approach to delivering improved loan quality and transaction transparency from point of sale through investor delivery to the secondary market. Additionally, CoreLogic will deploy Dorado technology into its strategic outsourcing business.
Ahh yes… the broker approval desk.
Lender Processing Services Announces the Acquisition of PCLender.com
Gets you all warm and fuzzy just thinking about having to approve and reapprove your brokers, now doesn’t it?
At Comergence, helping lenders holistically manage relationships with their mortgage broker clients is the most important thing we do. And with FHA now holding lenders accountable and responsible for approving brokers, there’s no better time than the present to have us show you how we can help with this important change to your business. For more information and to schedule an appointment, call 714.740.9000 or visit us at www.ComergenceCompliance.com Comergence is preferred by leading lenders nationwide.
©2011 Comergence Compliance Monitoring, LLC. All rights reserved.
APRIL 2011
CONNECTICUT MORTGAGE PROFESSIONAL MAGAZINE
NationalMortgageProfessional.com
10
“The mortgage industry is entering an era that demands a new watermark in efficiency and transparency across all aspects of financial transactions,” said CoreLogic President and Chief Executive Officer Anand Nallathambi. “The existing capabilities that Dorado brings to the table, as well as the potential opportunities that exist to expand these capabilities, make this a growth enabler for us. This acquisition extends our leadership position in helping clients anticipate, adapt and respond to their market environment. The Dorado platform will help shape our next generation decision management applications into solutions that ensure integrity and quality throughout the entire lifespan of a loan. It also enables CoreLogic to customize and embed solutions directly within the lender operating environment, providing increased ROI to our clients.” Dorado, which will operate as CoreLogic Dorado, provides a comprehensive suite of enterprise lending solutions that automates loan origination and consolidates internal and external service integrations into a unified process, connecting lenders, their partners and consumers through a collaborative, real-time workflow. Dorado technology not only automates data handling, but also facilitates the integration of real-time borrower, organizational and market information into mortgage finance transactions so that lenders, servicers, investors, and borrowers experience improved loan quality and transaction transparency. “Dorado will offer clients a blended portfolio of cloud-based lending solutions complemented by an enhanced array of data and analytics. At a time when financial institutions worldwide are increasingly adopting sophisticated analytics as a way to increase the effectiveness, agility and flexibility of their operations, this transaction strengthens our growth trajectory,” said Dorado Co-Founder and Chief Executive Officer Dain Ehring.
Lender Processing Services Inc. (LPS) has announced that it has acquired PCLender.com Inc., a provider of enterprise, Web-based mortgage lending solutions and a complete loan origination system (LOS). The acquisition of PCLender.com complements LPS’ stateof-the-art core loan origination platform, LPS Empower, and expands the company’s reach in the loan origination market. LPS Empower will continue to target large national and regional mortgage lenders as the optimal solution for its loan origination platform. PCLender.com offers a more cost-effective solution for smaller and mid-sized mortgage companies, credit unions and community continued on page 16