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» VISIT US ONLINE @ DSNEWS.COM 93 with ground-breaking new technology, such as the recently released bid tape AOT tri- party agreement automation within the Bid Auction Manager (BAM) whole loan trading platform." MCT was also the highest-rated vendor across nine areas of functionality effectiveness, including margin tracking, ease of use, report- ing capabilities, and overall customer support. e majority of clients rated MCT as "highly effective/competitively advantaged" in eight of the nine functionality effectiveness areas. Altisource Launches New FHA Product Altisource Portfolio Solutions (Alti- source), a California-based provider of real estate, mortgage, and technology services, has launched its bundled FHA product, which provides customized asset management ser- vices for delinquent FHA loans. According to the Altisource "State of the Servicer Industry" report, 86 percent of servic- ing professionals surveyed cited that their organization currently services FHA loans. Nearly three-quarters (72 percent) expect their FHA loan portfolio to increase over the next 12 to 24 months and 77 percent expect the in- crease to be more than 25 percent. As servicers know, servicing FHA loans comes with the risk of being required to convey foreclosed FHA assets back to HUD, increasing the cost and fees to service FHA loans. Utiliz- ing an experienced vendor with broad asset management solutions for delinquent FHA loans enables a more cohesive process to help mitigate these risks. Altisource's FHA offering typically begins with asset oversight at the 60-day delinquency mark and extends through the first Claims Without Conveyance of Title (CWCOT) sale and, if required, the second-chance sale. Utilizing Equator, Altisource's residential loan default software and marketing solution, Altisource can help servicers manage the asset marketing and conveyance process (including field services, valuations, title services, online marketing, and auctions) from one place. In addition, the Equator platform includes a proprietary FHA model that leverages the data feeds and workflows to help optimize outcomes for servicers. e features of the FHA Modeling Tool include: » Market Analysis—Provides comprehensive data for assets under management, allow- ing for re-optimization throughout the post-sale lifecycle. of key SCRA data points over time thus iden- tifying any changes in SCRA eligibility. e expanded functionality reports on specific data points as defined by unique client needs. QMS automates bulk as well as individual searches and can be used as a standalone solution or as integrated with leading attorney case management systems (CMS), servicing platforms and legacy applications to return and populate search certificates along with relevant data. e solution is being successfully leveraged by foreclosure attorneys, servicers, lenders, banks, and third-party outsourcing providers. MCT Scores Top Marks in Product Satisfaction Mortgage Capital Trading (MCT), a California-based hedge advisory and second- ary marketing software firm has announced that the 2018 STRATMOR Technology Insight Study rated it as the leader in overall satisfaction, lender loyalty, and functionality effectiveness in the production pipeline hedg- ing industry, according to survey respondents. According to STRATMOR Group, "72 percent of respondents use third-party tools for Production Pipeline Hedging and 29.9 percent chose MCT to conduct these analyses. Further, MCT's Lender Loyalty ScoreTM value is an impressive 81; 20 points higher than the overall average score." e STRATMOR Group study results were gathered from a broad group of lender executives with the goal of providing lenders with data on the technology solutions available in the market today. Of the executives who responded to the survey, 45 percent were the head of, or part of, the technology department. More than two-thirds of respondents were in- dependent mortgage bankers, while 31 percent, were banks or credit unions. "ere's never been a better time to be at MCT," said Curtis Richins, President of MCT. "We have so many new technologies and innovations rolling out that everybody is excited about the future. We're proud clients still experience the same boutique-style cus- tomer service despite our rapid growth." In the study, MCT was led in overall satisfaction and functionality effectiveness rat- ings. Survey respondents gave MCT an overall satisfaction score of 9.1 out of 10, compared to the overall average satisfaction rating of 8.3. "We're very pleased with the results of STRATMOR's 2018 Technology Insight Survey," Richins says. "e results reflect MCT's relentless mission to provide clients » Forecasting—Indicates the estimated cost of conveyance and holding timelines to compare various disposition processes and outcomes, including potential servicer contributions. » Actionable Data—Displays percentages of profitability and potential gain/loss for each potential decision based on current market data. » Records—Stores a history of multiple model outputs in one location to keep the record of an asset containing all modeled values, user edits for tuning, strategy deci- sions, and commentary for collaboration on execution. "Now is the time for servicers to review their internal capabilities and ensure they en- gage the best and most experienced vendors to effectively prepare for a growing FHA portfo- lio," said Patrick G. McClain, SVP of Equator and Hubzu Auction Services for Altisource. "Our FHA modeling tool, in combination with the bundled Altisource FHA products, offers servicers the potential to mitigate some of the costs and risks associated with convey- ing assets back to HUD, and view the status and results through Equator." Intelligent Data to Create 'Smartloans' California-headquartered loanDepot has said that it aims to radically change mortgage lending with the debut of the mello smart- loan. e mello smartloan is an end-to-end digital mortgage, which accommodates today's online-savvy consumer, reducing the stress and frustration that can come with buying or refinancing a home. loanDepot combines its mello loan origination technology with expanded, intelligent data sources to create a 'smartloan.' mello smartloan, when placed in the hands of the company's more than 2,000 loan officers enables loanDepot to merge technology with counsel—reducing time and cost for across the loan process. e end-to-end digital loan also provides increased surety, security, and reliability when compared to that of traditional mortgage products and processes. For customers, mello smartloan offers convenience with full digital documentation capabilities; for loan officers, the data derived from loanDepot's propri- etary loan engines enables them to deliver the ultimate in mortgage confidence. e platform enables the customers to learn if they have the potential to close their mortgage as soon as eight days from the date of application, a mark that far surpasses industry norms.

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