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» VISIT US ONLINE @ DSNEWS.COM 93 vices Center 2.0, in which vendors will be able to integrate their services into the Mortgage Cadence product suite. "By empowering vendor partners to integrate their solution into our product suite, we're giving our clients access to a wider vari- ety of services to meet their needs, including new categories like borrower asset verifica- tion and document aggregation," said Trevor Gauthier, Mortgage Cadence's President and COO. "e development of Services Center 2.0 is just one step in our continued efforts to fuel lender success by meeting the ever-chang- ing needs of the marketplace." Mike Detwiler, Mortgage Cadence's CEO and a Senior Managing Director at Accenture, said, "e addition of FirstClose's technol- ogy is consistent with our broader strategy of augmenting development capabilities through strategic technology tuck-ins and will enhance our ability to serve our mortgage lending customers with the industry's leading loan- origination platform." Factual Data Announces Tax Transcripts Available with Day 1 Certainty Factual Data, a Loveland, Colorado-based company providing mortgage credit and verification services to mortgage lenders, an- nounced it will offer 4506-T IRS tax transcript verification services through Fannie Mae's Desktop Underwriter, part of the GSE's Day 1 Certainty program. Launched in October 2016, the Day 1 Certainty program insulates lenders from representations and warranties on some parts of the loan origination process. "Being a participant in this industry- changing program enables Factual Data to continue our long history of providing clients the services required to confidently navigate the mortgage lending landscape," said Jay Giesen, SVP of Sales at Factual Data. "Day 1 Certainty from Fannie Mae is a game-changer for mortgage lending, and we are proud to be involved." A sister company to DataVerify, Fac- tual Data "is able to provide clients required verifications backed by the protection of Day 1 Certainty from Fannie Mae," according to Factual Data. DataVerify has been approved as an "authorized report supplier" for Day 1 Certainty. UTAH Outcome of Trump's Tax Reform Still Unclear By Adam orpe Reflecting promises made on the campaign trail, President Trump's tax reform proposal appears to be an effort to reduce tax burdens for Americans, as well as simplify the nation's tax structure. Based on the outline presented this week, we now have a clearer picture of the administration's primary goals for tax reform, but those goals will need to be formalized in detailed legislation. What is less clear is how additional revenue will be generated to offset the proposed decrease in fed- eral tax rates. Because of the need to establish this fiscal balance, the road to achieve Trump's propos- als will be long and rocky and will require the hard work and cooperation of both sides of the aisle. is proposal has also raised many questions about what Trump's plan would mean for the housing market. Due to the current lack of detail in his proposed outline, it is difficult to accurately predict the impact a tax system overhaul of this magnitude would have on the economy. However, there is potential for both negative and positive repercussions for homeowners and real estate investors, should Trump's tax plan make its way through Congress. Assuming Congress can work together toward these goals, there are several possible upsides for the housing industry. Generally speaking, tax reductions typically result in an uptick in demand for housing. For example, Trump's proposal to increase standard deductions will help lessen individual tax burdens, resulting in more money in consumer pockets, which can translate into more people being able to purchase homes. Likewise, if companies can pay less in taxes, they will experience increased capacity to access more capital, which can be reinvested into growth. at expansion can trickle down to vendors and employees, ultimately increasing the likelihood of augmented real estate investment, which will boost local economies. On the negative side, there may be adverse consequences from the elimination of deductions for state and local taxes and the higher threshold for taking the mortgage interest tax deduction. If these changes make it into the final tax reform bill, many homeowners who have counted on these deduc- tions in the past will no longer be able to utilize them as tools to offset their federal tax burden. Some analysts believe this could result in decreased demand for homes, which would adversely impact home values. It is also worth noting that Trump's tax reform plan appears to eliminate the 1031 Exchange, which is regularly relied on by real estate inves- tors to defer tax on real estate investment gains. Eliminating the 1031 Exchange will likely cool real estate investment, which would negatively impact the broader economy. When comparing the positive and negatives of the plan, the primary question boils down to this: Will increasing the standard deduction offset the loss of state and local tax and mortgage interest deductions? Ultimately, Trump's tax plan will need to be formalized in detailed legislation and then pushed further down the field before a more accurate answer becomes clear. In the meantime, analysts and investors will need to continue watch- ing and waiting as the Trump administration works to accomplish its stated tax reform goals. As President and Chief Operating Officer for Castle & Cooke Mortgage, Adam orpe directs the company's growth and operational strategies. Adam oversees the company's corporate operations and loan production while also administering the company's relationships with key counterparties including, but not limited to, investors, agencies, warehouse lenders, and state and federal regulators. orpe served as the com- pany's Chief Risk Officer from September 2013 until he was elevated to his current role in 2014. As Chief Risk Officer, he managed the strategic, reputational, operational, financial, and compliance-related risks and related opportunities encountered across all segments of the business. Utah Robyn Moody SALT LAKE REO RealtyONE Group Signature Sales Agent/Owner Robyn@SaltLakeREO.com 801-566-8288 Office | 801-859-2539 Mobile www.SaltLakeREO.com Is the percentage home values are predicted to go up by in Utah in the next year. Source: Lender Processing Services STAT INSIGHT 2.4%

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