Mortgage Tech Rundown: Nexsys, Origence, and Keller Williams

Technology

Nexsys
Technologies, a provider
of technology solutions for mortgage origination and closing, announced the launch
of a new solution that digitizes communication between mortgage lenders and
homeowners insurance companies.

The
solution, Clear HOI, enables insurers to instantly verify coverage, resulting
in dramatically improved closing times and reduced processing costs. According to
the company, two major insurance providers – Allstate and MetLife
Auto & Home – have already begun to integrate the tool into their
processes.

“In
today’s technology-driven world, there is no reason a lender should have to use
Alexander Graham Bell’s 143-year-old invention to contact an insurance agent to
ask for documents, nor should those agents spend valuable time chasing down
these requests. Both of their time and skills are better used to advise and
assist their clients,” said Mike Lyon, executive vice president of Nexsys
Technologies. “We look forward to working with our lender and insurer partners
to transform this decades-old process into one that is instant and accurate.”

Origence, a provider of lending technology and solutions to the financial services industry, announced its mortgage lending platform has received certification from Fannie Mae‘s Day 1 Certainty program.

Fannie Mae’s Day 1 Certainty initiative provides
lenders with enhanced loan origination controls, improved processes and
certainty around the borrower’s assets, income and employment information, as
well as relief from representations and warranties on validated loan components,
according to the company.

By automating the verification process, Origence said its platform not only enables lenders to close loans faster but also helps them improve their borrowers’ experiences.

“The ability to achieve Day 1 Certainty is a crucial advantage for lenders who must meet new consumer expectations for a faster, simpler mortgage experience,” said Roger Hull, president, and chief product officer for Origence. “Our Day 1 certification ensures our clients will be able to deliver faster responses to borrowers while eliminating an enormous amount of manual effort behind the scenes. At the same time, they get a state-of-the-art platform that maximizes automation, so they can close loans faster and at a lower cost.”

Keller Offers, the iBuyer offering of Keller Williams, announced plans to launch its latest iBuying program for consumers in Birmingham, Alabama, in partnership with real estate technology company OfferPad.

According to the company, the partnership enables consumers the freedom of working with a certified KW iBuyer agent when choosing Keller Offers powered by Offerpad. While Birmingham’s program is set to launch during the first quarter of next year, the program is operational or will be fully within weeks, in Atlanta, Austin, Charlotte, Dallas, Houston, Las Vegas, Orlando and more.

“Our agents are excited and ready to meet the demands of consumers in
Birmingham with our robust iBuyer offering,” said Gayln Ziegler, director of
operations, Keller Offers. “And, this launch is the start of the next phase in
our expansion. This partnership enables us to provide an iBuyer offering to
more consumers, in more market sizes, while leveraging KW’s No.1 agent count
footprint within the U.S.”
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