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ยป VISIT US ONLINE @ DSNEWS.COM 81 MASSACHUSETTS A New Digital Option for Borrowers Massachusetts-based Volly, a provider of SaaS-based CRM, Marketing Automation, Marketing Store, and POS solutions for banks and mortgage companies, announced the launch of a new POS mobile app and a rebranding of the existing CRM mobile app. e Volly Point of Sale Mobile App gives loan officers the ability to invite borrowers to apply or get prequalified from anywhere whether at an open house with a real estate agent partner sitting with prospective buyers, or while out at the grocery store. With the mobile app, loan officers can also track loan status, and borrowers can upload documents and view statuses and tasks, and both can communicate directly within the app, making for a seamless experience that is accessible on any mobile device. Loan officers can invite their referral partners to download their lender branded mobile app to easily set up their own account to invite borrower referrals and track a referral's status quickly. e Volly CRM Mobile App enables users to access customer databases, schedule meetings, and view marketing activities. e rebranded app will reflect Volly's new corporate image and include a name change from CustomerManager to Volly. "In today's ultracompetitive environment, borrowers demand immediacy and responsiveness," said Jerry Halbrook, Volly's CEO. "Our mobile apps allow loan officers to work more efficiently and dynamically to collaborate with customers and partners. We're confident that this technology advancement will substantially improve the quality and satisfaction of the customer journey." Research shows that more than 34% of consumers are accustomed to using smartphones and computers for everything, including mortgages. "Lenders who don't have a mobile strategy will find themselves falling behind the ultra- competitive technology curve," Halbrook said. A New Platform for Real Estate Investors Boston-based OpenLTV, which offers fractional investing in loans secured by U.S. real estate has launched an investment platform, as well as a partnership with Paxos, a company focused on rebuilding the infrastructure of finance through blockchain. e company said that it is building a transparent passive income platform for investors seeking to benefit from exposure to U.S. real estate-backed debt, and will begin accepting the Paxos stable coin. OpenLTV said that its platform enables investors to earn a passive income collateralized by U.S. real estate, without actually owning the property. Users will be able to invest using cryptocurrency and earn 8-12% return per year. Further, OpenLTV will issue its securities on the Ethereum blockchain in the form of a security token, enabling transparency and secondary trading with ease, which is an innovation in the blockchain and real estate investment spaces. "e OpenLTV platform will simultaneously allow us to tap into a global pool of investors and unused crypto-asset liquidity," says Kirill Bensonoff, CEO of OpenLTV. "We are thrilled to be partnering with the Paxos team to bring a long-standing and secure investment option in the real estate industry to the financial future." rough this partnership, Paxos will be integrated into the OpenLTV ecosystem, enabling investments and interest payments in PAX stablecoin, which is equivalent to one US dollar. In 2018, there were over 200,000 houses "flipped" in the U.S., and more houses purchased for longer-term investments through a "buy, renovate, and hold" strategy. e OpenLTV platform enables investors anywhere in the world to participate in the lucrative practice of flipping houses and the opportunity to earn market-beating returns. Using OpenLTV, qualified investors can earn passive income by investing in fractional debt secured by real estate in the U.S. VIRGINIA An Integration to Improve Loan Applications PerfectLO is partnering with LendingPad to help LendingPad digitize its loan application process. e application will include using AI and rules engine to assist borrowers in completion of the loan application and then build a smart checklist for them. PerfectLO said that the secondary and tertiary level questions that do not live on a 1003 are presented to borrowers through a unique, unintimidating approach. LendingPad LOS will then import completed applications automatically so that MLO's and processors use the information to complete the loan process through closing. Both systems are cloud-based, which allows loan officers to easily work remotely. Both products are built by former mortgage executives who understand where the pain and slowdowns happen on the front and back end of the loan process. "We both understand technology and built this integration together to allow our mutual clients to focus on mortgages and give them the ability to spend more time selling and the technology to close loans faster," said Derek Malila, President of PerfectLO. "LendingPad is proud to be at the forefront of lending technologies by working with powerful platforms like PerfectLO to enhance the loan origination process," said Wes Yuan, LendingPad's Managing Director. "Our mutual customers will enjoy LendingPad's award-winning cloud-based LOS to streamline lending operations and PerfectLO's comprehensive suite of Point-of-Sale tools for borrowers and originators." e Virginia-based PerfectLO developed an interactive questionnaire that finds every detail through the loan process. It provides a detailed document checklist to the borrower based on their answers, text/email milestone notifications to clients and agents, and an easy to read document for the LO with all of the borrower's answers. A Document Center for securely downloading and uploading documents between the borrower and LO is also included. Residential mortgage professionals created LendingPad's LOS to help lenders make better lending decisions, provide exceptional user experience, and enhance individual originators' ability to succeed. Leveraging a cloud infrastructure, LendingPad offers origination features that streamline the origination process while lowering the total cost of mortgage lending. was the amount house payments have grown year-over- year in Richmond, Virginia, while median incomes fell 5% during that same period. Source: Unison's 2019 Home Affordability Report STAT INSIGHT 7%