DS News - U.S. Bank

DS News August 2018

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82 dates invoice-process tasks—from bill pre- sentment and processing to post-payment activities. "We are proud to welcome Home Point Financial to the Black Knight family. Our innovative servicing capabilities are providing the support Home Point Financial needs to expand its servicing operations and support its growth initiatives," Joe Nackashi, President of Black Knight, said. "By delivering on these implementations, Black Knight is helping Home Point Financial perform stronger in today's competitive marketplace." MISSOURI Affinity Worldwide Announces OwnAmerica Equity Investment Kansas City, Missouri-based Affinity Worldwide, a family of companies that works to empower and support residential real estate investors, announced it has made an equity investment in OwnAmerica. e purchase deepens the partnership between OwnAmeri- ca and two of Affinity Worldwide's real estate- related entities, ink Realty and National Real Estate Insurance Group (NREIG). OwnAmerica is a financial-services plat- form that operates a national marketplace for single-family rental (SFR) portfolios. Affinity Worldwide's investment connects ink Real- ty members with OwnAmerica's online tools, which help them find and secure properties and scale portfolios according to their personal investing goals. NREIG is now the preferred insurance program of OwnAmerica. "is partnership is in line with Affin- ity Worldwide's vision to provide real estate investors with valuable education, services, and tools for success," said Eddie Wilson, CEO of Affinity Worldwide and ink Realty. "OwnAmerica has one of the largest databases of investment properties in the nation and tools to help investors find the right properties for them. is partnership will make investing easier." Greg Rand, founder and CEO of OwnAmerica, commented on the announce- ment, saying, "We are very proud of our new partnership with Affinity Worldwide because it furthers our mission to help SFR owners optimize the performance of their real estate portfolios. We know how important this is to our customers. ey are counting on their real estate holdings to deliver financial indepen- dence for themselves and the people who depend on them. Affinity shares our apprecia- tion for these rugged entrepreneurs and our passion to help them succeed. It's going to be a great relationship." Trelix Adds Closing- Services Solution Trelix, a St. Louis-based provider of licensed fulfillment, quality control, and other due diligence products and services across the loan-origination and securitization lifecycle, announced the launch of its closing-services solution that helps mortgage lenders efficiently and properly execute and settle their loans. With the addition of closing services, Trelix now provides a full suite of end-to-end fulfill- ment services for its customers. In today's evolving mortgage industry, Trelix offers innovative technology and ser- vices to help mortgage bankers and mortgage purchasers mitigate risks, increase efficiency, and reduce costs. With the addition of closing services, the Trelix platform helps its clients streamline the start-to-finish closing experi- ence from disclosure and document prepara- tion to compliance review and closing coordi- nation. e NMLS-licensed Trelix employees communicate regularly with all stakeholders and help improve closing-cycle times—reduc- ing timing uncertainty for originators, borrow- ers, and realtors. "As our customers work to minimize origi- nation and underwriting costs and become more efficient, they can now turn to Trelix to provide an end-to-end experience for their borrowers," said Jon Gerretsen, President of Trelix. "We offer a seamless process for our customers and their borrowers to ensure we are putting their needs first so that lenders can stay competitive within the industry. With the end-to-end fulfillment services we offer, our customers can use Trelix as the single vendor for all their mortgage-fulfillment needs." e Trelix suite of industry-leading mortgage-fulfillment offerings includes: » Processing: Timely and accurate file preparation from application to closing. » Underwriting: Financial profile evaluation against lending guidelines and loan criteria to better inform loan-request decisions. » Closing Services: Fast and accurate closing experience, including disclosure and docu- ment preparation and compliance review. » Loan Due Diligence: Full correspondent performance analysis and Ratings Agency Due Diligence (RADD) to help meet industry standards. MICHIGAN Home Point Financial Joins Black Knight's LoanSphere MSP System Black Knight, Inc. has announced that Home Point Financial, an Ann Arbor, Michigan-based national multichannel mortgage originator and servicer, went live on Black Knight's premier loan-servicing system, LoanSphere MSP, as well as its suite of default products. MSP is a comprehensive, end-to-end system that encompasses all aspects of servic- ing—from loan boarding to default—for first mortgages and home equity loans. e system is used to service more than 34 million active loans and helps servicers streamline opera- tions, reduce operating costs, and improve risk mitigation. "As we continue to focus on the significant growth of our servicing operations, we believe Black Knight's MSP system and its default suite will be critical to helping us achieve our goals," said Willie Newman, President and CEO of Home Point Financial. "Adding these servicing and default capabilities will help us drive operational efficiencies, accommodate our expanding loan portfolio and support our regulatory compliance efforts." LoanSphere is Black Knight's premier, end-to-end platform of integrated technol- ogy, data, and analytics supporting the entire mortgage and home-equity loan lifecycle— from origination to servicing to default. e platform delivers business-process automa- tion, workflow, rules, and integrated data throughout the loan process, providing a better user experience, cost savings, and support for changing regulatory requirements. By integrating lending functions and data, Black Knight's LoanSphere helps lenders and ser- vicers reduce risk, improve efficiency, and drive financial performance. In addition to MSP, Home Point Financial also implemented: » LoanSphere Bankruptcy, which assists servicers' management of the bankruptcy process by using workflow and servicer-de- fined rules to automate bankruptcy-related tasks; » LoanSphere Foreclosure, which uses workflow and automated, servicer-defined rules to help servicers with the foreclosure process; and » LoanSphere Invoicing, a web-based invoice-management solution that consoli-

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