Mortgage Tech Rundown looks
at the latest news in mortgage technology, featuring new product updates,
integrations and announcements.
CoreLogic launched a new analytics product that is designed
to predict the probability of home price declines over a 12-month period in the
nation’s top 392 metropolitan areas in addition to all 50 states and
The product, Market Risk Indicator, aims to
provide mortgage professionals with tools needed to mitigate risk in select
metropolitan areas that may experience home price downturns.
According to the company, Market Risk Indicators
are delivered monthly as an add-on module within the CoreLogic HPI forecast.
Users will receive two different score probabilities for each metro area and
state: the probability price decline of less than 10% and the probability of a
price decline of 10% or more.
“With a majority of economists predicting an economic downturn in the next 18 months, it’s more critical than ever that mortgage professionals understand where potential market pitfalls may lie,” said Ann Regan, executive, collateral solutions for CoreLogic. “Market Risk Indicators can help originators better-set market strategy and help investors better manage their loan portfolios without spending hundreds of thousands of dollars collecting and analyzing the data on their own.”
First American Mortgage Solutions, launched Xtent, which is a new configurable, data solution that provides lenders and servicers with instant property and borrower analytics, powered by First American’s title data.
press release, the company explained that the offering streamlines the review
process, creates efficiencies and identifies risk. Xtent can be delivered via multiple channels,
including an integration into existing tech stacks through an application
programming interface, or as data-only, excel/CSV or PDF reports.
“Xtent will empower lenders and servicers to
identify and match relevant data to the corresponding risk decisions,” said
Kevin Wall, president of First American Mortgage Solutions. “Instead of combing
through multiple reports to find the right information, clients can have
everything delivered in one customizable solution.”
ReverseVision, a provider of Home Equity Conversion Mortgage and
private reverse mortgage sales and origination technology, announced its
transformation as an API-enabled flexible reverse lending platform.
to Wendy Peel, ReverseVision’s vice president of sales and marketing, the company’s
technology platform has transformed to enable a broader range of
implementations, which will better match lenders’ business models and offer an operationally
pragmatic approach to reverse home equity products.
“By providing open APIs that accelerate
connectivity with all mortgage lending and retirement planning systems, we are
powering greater integration and use of reverse lending in the mortgage
ecosystem,” Peel said. “New technology partnerships with leading digital mortgage
firms will greatly expand presentation and demand for reverse lending. We seek
to put tools in the hands of every lender that wants to create borrowers for
life with a comprehensive Generational Lending strategy,” added Peel.
The post Mortgage Tech Rundown: CoreLogic, First American Mortgage Solutions, and ReverseVision appeared first on HousingWire.