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improves customer service and the ability to quickly adjust for production peaks. “Flexibility is the key component of the WGS solution; our customers are able to utilize WGS for complete end-toend fulfillment or for specific functions within the loan process,” said Anil Raibagi, general manager and business head at WGS. “This new platform also provides our services on a variable pricing structure, enabling clients to gain the maximum skill sets.” For more information, visit www.gogallagher.com.
DocuSign signs partnership to promote real estate transaction productivity
NOVEMBER 2010 IOWA
MORTGAGE PROFESSIONAL MAGAZINE
NationalMortgageProfessional.com
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DocuSign has announced that it has entered into a partnership with Mosaic Corporation, a business process optimization firm specializing in paperless back office workflows, where the DocuSign electronic signature service will be integrated with the docSTAR Broker Central real estate software product to create an end-to-end document and transaction management solution specifically tailored for residential and commercial real estate brokerages. “Broker Central is a paperless document and transaction management solution tailored specifically for the real estate market. It allows real estate professionals to efficiently and effectively manage real estate documents to drive paperless transactions, improving customer satisfaction and the bottom line,” said James Kingery, president of Mosaic Corporation. “Now with the inclusion of DocuSign, the number one
electronic signature service in real estate within docSTAR’s Broker Central, real estate brokerages have a complete document and transaction management solution to better succeed in a highly competitive real estate market while making significant inroads with green initiatives.” Broker Central is a collaborative software-as-a-service (SAAS) offering from Mosaic and docSTAR, a leader in document management software solutions. It was developed to layer transparently on existing workflows, minimizing interruptions in productivity. Broker Central securely scans and stores paper documents, along with critical electronic files, allowing for immediate retrieval. With the integration of the DocuSign electronic signature service, docSTAR’s Broker Central will provide real estate professionals the ability to manage the entire real estate transaction from the Web from offer to closing completely paperless. docSTAR’s Broker Central offers a green, fully optimized, end-to-end electronic document and transaction management solution for residential and commercial real estate brokerages and marketing centers. docSTAR’s Broker Central users will join more than 30,000 real estate professionals eliminating paper and expediting real estate transactions with DocuSign. Rather than driving across town to get a signature or forcing clients to find a fax machine, real estate professionals use DocuSign to execute agreements with buyers and sellers electronically. With real estate forms signed in minutes, not days, DocuSign and docSTAR’s Broker Central will help real estate professionals achieve higher sales, increase client satisfaction and
maintain a competitive edge. Safe and secure, the DocuSign electronic signature process is also easy to use and legally compliant. For more information, visit www.docusign.com/brokercentral.
CoreLogic and Blueberry join forces on mortgage fraud prevention tool CoreLogic has announced the integration of its LoanSafe Fraud Manager Suite with Blueberry Systems’ RELAY loan production platform. LoanSafe Fraud Manager is now directly integrated into the RELAY workflow, so that acceptable loans continue through unimpeded while problematic loans are automatically directed to the appropriate user. As a result, RELAY users will now enjoy a higher mortgage fraud prevention rate with fewer resource requirements. “There are three facets to data integrity,” said Lloyd Booth, Blueberry Systems president. “Completeness, accuracy and truthfulness. Traditionally, LOS vendors have focused only on the first two. Even if the data entered is complete and remains intact, garbage in is still garbage out. Loan data still needs to be authenticated at some point, especially as today’s lenders are struggling to regain the trust of investors. Our integration with LoanSafe Fraud Manager addresses the truthfulness of loan data, and will help lenders regain that trust.” “Blueberry Systems has made a major step toward moving fraud prevention to the front of the loan production process,” said Tim Grace, senior vice president, fraud analytics for CoreLogic. “Integrating LoanSafe Fraud Manager into the mortgage workflow enables lenders to comply with Fannie Mae, Freddie Mac, and other mortgage investors’ requirements while significantly reducing the need for human interaction. This integration makes mortgage loan processing faster,
cheaper, and optimally efficient.” In contrast to most systems that present an outdated ‘database of record,’ RELAY employs a universal data model, using its proprietary Conductor technology, to integrate various systems and applications into a single workflow, eliminating data silos and the need for duplicate or staggered data entry. And while most systems only make the most recent loan data available at any given time, RELAY’s universal data model makes available the various states of data as the loan evolves, in real time, and highlights discrepancies. The bottom line is much higher data quality that prevents costly pricing variances and buybacks. For more information, visit www.blueberrysystems.com or www.corelogic.com.
DataVerify products seek to eliminate short sale and overvaluation fraud DataVerify has enhanced its fraud management platform, DRIVE (Data Risk Intelligent Verification Engine) to help mortgage lenders identify and avoid potential short sale and property flipping losses. As the housing industry continues to struggle, short sales have become more commonplace. A homeowner sells his property for less than the outstanding balance on the mortgage, to avoid foreclosure and to permit the lender to receive some return on the investment. At the same time, property flipping cases have also been accelerating, primarily as a result of depreciating property values. “Our customers tell us these new tools are working and the reason why they work is because we apply what we learn from our customers’ own experiences,” said Steve Halper, president of DataVerify. DataVerify has incorporated a national building permit dataset into DRIVE. Currently containing 88 million permits on properties in more than 4,000 cities in the U.S., this data will allow lenders to greatly reduce the amount of time and resources spent manually calling individual building departments to request permit data on a specific property. “The new short sale and property flipping fraud detection capabilities from DataVerify meet and exceed all stated industry needs today,” said Halper. For more information, visit www.dataverify.com.
Your turn National Mortgage Professional Magazine invites you to submit any information promoting new “niche” loan programs, new products or any other announcement related to the introduction of a new program, to the attention of:
New to Market column Phone #: (516) 409-5555 E-mail: newsroom@nmpmediacorp.com
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