DS News - U.S. Bank

80 technology that will enhance our existing customer experience and further reduce risk and compliance costs for financial institutions of all sizes." Like RegAdvisor Pro, the technology RegAdvisor Pro: State focuses on ease of use and access, explains Alexandra Ramin, Continuity's Chief Product and Marketing Officer. "We have incorporated the simple and consistent format into our new state regulatory technology, that our clients are accustomed to seeing in our RegAdvisor Pro product. Using the same format will also allow clients to generate consistent reporting for state and federal regulatory change management," Ramin said. "Continuity provides extensive automation for regulatory change management across financial institution charters nationwide and has evolved as the need for such automation has evolved," Nicastro said. Easing Mortgage Audits Promontory Fulfillment Services LLC (PFS) recently announced that its white- label mortgage origination platform is now integrated with ComplianceEase's automated compliance solution, ComplianceAnalyzer. e integration with ComplianceAnalyzer allows PFS to automatically audit mortgage loans for regulatory compliance with all federal, state, and municipal regulations, including TRID and QM, as well as federal and state high-cost and anti-predatory lending violations. e solution also audits for compliance guidelines set by the secondary market and government-sponsored enterprises. Both PFS' mortgage fulfillment services and ComplianceAnalyzer are endorsed solutions by the American Bankers Association. "Compliance is a top agenda item in every discussion we have with clients and prospects," said Ken Janik, Managing Director, Business Head of PFS. "Regulated institutions often express concern about potential compliance issues and reputational risk. We have built an exceptional internal compliance team, led by Colgate Selden, our head of regulation and compliance. We've now also integrated with the industry's leading automated compliance software, ComplianceAnalyzer. is industry-leading combination of talent, a proven process, and an outstanding partner ensures PFS consistently delivers a fully-compliant loan journey." "Our solutions are widely used by leading bank and non-bank originators, as well as by the federal and state regulators who examine them," said John Vong, CMB®, CMT, Executive Chairman of ComplianceEase. "ey are designed to take time and cost out of the origination process by eliminating the 'stare-and-compare' manual reviews, so they align well with PFS' business model and value proposition." PENNSYLVANIA Enhancing the Digital Mortgage Experience Pittsburgh-based EXOS Technologies (EXOS), a ServiceLink company, has partnered with Blend to further extend and enhance the consumer digital mortgage experience. e company said in a statement that the partnership was part of EXOS's mission to offer a complete consumer digital experience. rough the collaboration, EXOS and Blend will deliver exact real-time appraisal scheduling functionality for lender clients using EXOS Appraisal, a core offering from the EXOS platform. is integration enables consumers seeking a new mortgage to seamlessly schedule appraisal appointments by accessing live calendars of tens of thousands of licensed appraisers in all 50 states. Borrowers will be able to digitally select the exact date and time of their preferred appointment and receive instant confirmation plus a photo of their appraiser and the make and model of their vehicle. By automating appraisal orders and empowering the homebuyer to self-serve, lenders can deliver on faster closings, EXOS said. is is an exciting partnership as EXOS will help extend the level of digital connectivity for lenders utilizing Blend's platform," said Kiran Vattem, EVP, Chief Digital and Technology Officer at EXOS Technologies. "EXOS helps address critical consumer touchpoints overlooked by most lenders." e EXOS Appraisal platform eliminates the back and forth that often slows down the appraisal process, therefore giving lenders the ability to close loans faster, improve pipeline management, and boost consumer loyalty and satisfaction. "Blend is committed to streamlining the mortgage workflow, and EXOS adds yet another dimension when it comes to driving efficiency and automation in the appraisal process," said Brian Martin, head of Business Development at Blend. "Partnering with EXOS provides the opportunity to offer a more complete digital mortgage experience and help our customers interact with borrowers on a deeper level." AI to the Rescue Sagent Lending Technologies has announced an initiative to transform the borrower and the lender experience through Microsoft Azure. Sagent said that it will leverage the potential of artificial intelligence (AI), machine learning, data science, and cognitive services available on Azure that will provide a reimagined experience for Sagent clients and their consumer borrowers. Building on the SaaS technology and business process outsourcing capabilities, Sagent Lending Technologies, a joint venture between Warburg Pincus and Fiserv, Inc. is partnering with Microsoft to transform the experience of auto, mortgage, and consumer borrowers. To accomplish this, it is working to deploy, operate, and secure software and services for the future of lending. is integration will use Azure to drive new levels of operating scale, end-to-end digital agility, and enhanced speed-to-market for Sagent clients that comprises a wide ecosystem of auto, mortgage and consumer lenders. It will also bring advanced data management and customer analytics that will be supplemented by Azure AI and Machine Learning tools to create an unequaled experience for borrowers and lenders. "Having a vision for the future and realizing that through a thoughtful innovation plan supported by a strategic technology partner is what will uniquely allow our Sagent clients to win in the ever-evolving lending marketplace. Sagent is the technology partner for lenders who are willing to be a few steps ahead of the rest of the industry in realizing the future," said Shaimaa Elk, EVP, CIO at Sagent Lending Technologies. "As a Microsoft Partner, Sagent's utilization of the full breadth of the Azure cloud is central to realizing a vision for the future of lending and will benefit all of our clients by creating real innovation today and tomorrow." Toni Townes-Whitley, President of U.S. Regulated Industries at Microsoft said, "Sagent Lending Technologies is embarking on a mission to change the face of the auto, mortgage, and consumer lending industry. We will be able to offer our mutual clients greater flexibility in how they receive and consume Sagent's solutions using Microsoft technologies, and we will create a new customer experience and financial ecosystem in this digital age."

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