process and is the way forward for the industry. We have several data service providers that use our calculator already for customary and reasonable fee calculation and that is the reason why we are filing for a patent,” said Brian Coester, chief executive officer of CoesterVMS. “The industry needs tools such as our disclosure calculator for compliance and to ensure that valuation fees are not a surprise. Ultimately, every lender and appraisal management company will need the ability to quote an exact fee and we are glad to be the first company to offer this to the industry.” The proprietary application has features such as direct information population and the ability to save quotes for later use creating efficiencies in addition to maintaining compliance.
Velocify LoanEngage Announces New Sales and Marketing Solution
Velocify has launched Velocify LoanEngage, a mortgage
marketing and sales platform designed to help retail lenders grow their business and close more purchase loans. Velocify LoanEngage brings together automated marketing, lead management and referral partner management features into a single platform, bridging the gap most lenders experience between their marketing and sales efforts, while enhancing visibility, compliance and productivity in the mortgage process. “For years, retail mortgage lenders have struggled to create harmony between their sales and
marketing activities because they were using disparate systems that couldn’t talk to each other,” said Nick Hedges, president and chief executive office of Velocify. “Velocify LoanEngage solves this problem by placing each of these critical functions in one place, allowing loan officers to focus on their most precious asset– relationships with referral partners, new borrowers, and existing clients.” Due to inefficiencies and lack of coordination between sales continued on page 18
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NationalMortgageProfessional.com
n National Mortgage Professional Magazine n JULY 2016
Applied Business Software Releases Upgrade to The Mortgage Office Applied Business Software Inc. (ABS), developers of The Mortgage Office and The Loan Office software, has announced a major update to its signature software, The Mortgage Office. The extensive update features dozens of enhanced features to its worldwide customer base. Some of the new features of Version 2.1.7 include: Online payments that allow borrowers to make payments using their credit/debit cards or bank account information with instant confirmations; electronic payments over the phone for real time credit card and EFT payments; added enhancements to the QuickBooks and PeopleSoft Integration which allows posting of company funds to the general ledger; Excel import to easily import loans, coborrowers, lenders, vendors, funding and more via the powerful import wizard; and CDFI Certification from the U.S. Department of Treasury for the 2016 reporting year. “We are very excited about this release that continues to support our customers’ needs and demands in an ever changing regulatory business and fast paced environment,” said Jerry Delgado, CEO and co-founder of ABS. “I proudly stand behind our development team that produces world-class software to provide a
notable ROI to our customers. The new feature set is consistent with prior releases, where enhancements to compliance, reporting, efficiency, versatility and scalability are the ultimate objectives.”