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» VISIT US ONLINE @ DSNEWS.COM 89 egated lenders," said Jim Dunkerley, President, FirstFunding, Inc. "e industry has never had the ability to have one seamless platform for nondelegated correspondent lenders to close loans and manage their warehouse facilities. Typically, this is a multi-step, multi-plat- form approach. By allowing our FirstFund- ing technology to interact with the investors system we empower the correspondent lender to direct the passing of loan information and image documents directly from the investor's platform to the FirstFunding platform. is seamless integration significantly reduces the need for nondelegated correspondent lenders to manually enter information and upload supporting loan documents, thus saving time, money and errors. is truly is a game-chang- er and one we are excited to have rolled out with our partner Caliber Home Loans." VIRGINIA Genworth Enhances Digital Integration to Include New Functionalities Richmond, Virginia-based Genworth Mortgage Insurance, has announced an enhanced integration with Ellie Mae's Encompass digital mortgage solution to include a new functionality for contract underwriting services. e enhancement allows lenders to submit loan applications directly through the Encompass interface for contract underwriting with or without mortgage insurance, adding a new offering for customers who use both the Genworth and Encompass solutions. "Integrating contract underwriting into the Genworth-Encompass workflow expands our multi-solution offering and extends our expertise in another key area to all our customer segments," Erika Martin, Direc- tor, Customer Experience and Segment Marketing, Genworth Mortgage Insurance said. "is expanded partnership, against the backdrop of our best-in-class underwriting capabilities, advances our goal of driving in- novation to facilitate homeownership oppor- tunities for new and existing homeowners." Additional features from the integration include: Ease of use for lenders, further sup- porting our customers' use of contract under- writing to reduce origination cost and support underwriting capacity needs; Ability to order contract underwriting and upload associated documents while staying within Encompass; Mortgage insurance commitments and con- tract underwriting decisions provided through Encompass as downloadable PDF files; Submission of loans for contract underwriting with or without mortgage insurance. e Encompass integration enhance- ment at Genworth is the latest in a series of initiatives that leverage technology to improve the underwriting process. In 2017, Genworth launched a new website, new.mi.genworth. com, that allows loan officers, underwriters, processors and other lending professionals to visually track every part of the mortgage insur- ance application process through close. "Genworth's technological ecosystem has meaningfully improved to where all of the individual technology-oriented solutions that have been created over the years are increas- ingly compatible with each other," George Reichert, Chief Information Officer, Gen- worth Mortgage Insurancee said. "We view this as a tremendous positive in our efforts to drive innovation." Caliber Partners with FirstFunding to Transform Fundings FirstFunding, Inc., the leading provider of warehouse facilities for nondelegated cor- respondent lenders, has announced that Caliber Home Loans, Inc., based in Coppell, Texas, has partnered with FirstFunding to speed funding request turn times and reduce errors and risk by integrating Caliber's H20 origination system with FirstFunding's FUEL platform to develop Caliber Express Connect. FirstFunding delivers state-of-the-art technol- ogy solutions that allows Caliber Home Loans to meet one of the industry's biggest con- cerns—providing a viable, secure, accelerated solutions for its Lenders. Rapidly Growing Financial Corporation Focuses on Technology to Create Ease of Use In today's get-it-done-yesterday sales environment, lenders are always looking for new ways to close and fund loans faster while reducing errors and eliminating risks. Caliber Home Loans, Inc., one of the fastest-growing lenders in the nation, has recently joined forces with FirstFunding, Inc. to bring to its custom- ers, Caliber Express Connect. Caliber's goal is to take their technology solutions to the next level with one seamless platform that allows their nondelegated correspondent lenders to have more control, deliver faster closing times and lower their costs. "We are very excited to partner with FirstFunding and announce the launch of Caliber Express Connect," said Phil Shoe- maker, EVP COO of Production, Caliber Home Loans, Inc. "It leverages our top-notch origination platform exclusively with First- Funding's system to drive an entirely faster and seamless funding process for the nondelegated correspondent lender. is type of integra- tion that brings automation between a lender and warehouse facility is long overdue in the nondelegated correspondent space and we are excited that Caliber and FirstFunding are leading the way." e FirstFunding FUEL and FastPass platforms feature browser-based technology, LOS integration, customizable reports includ- ing trends report, days online report, etc., GEO mapping, seamless payments and 1098 reporting. Data integrity, security, and storage give nondelegated lenders increased control and valuable data reporting to keep their busi- ness running smoothly. "e integration of FirstFunding and Cali- bers system's is the first of its kind for nondel- is the current buy-rent breakeven horizon, or the amount of time it takes for owning a typical U.S. home to make more financial sense than renting an identical home, in Virginia Beach, Virginia. Source: Zillow, 'Memphis and Other Southeast Markets Have the Shortest Buy-Rent Breakeven Horizons' STAT INSIGHT 3.11 years

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