Mortgage Technology

OpenClose and LBA Ware Integrate to Automate the Loan Compensation Process


Banking Automation Software

MACON, Ga. and WEST PALM BEACH, Fla., Dec. 1, 2015 (SEND2PRESS NEWSWIRE) — OpenClose(R) an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, and Lending & Banking Automation Software (LBA Ware), the leading provider of commission automation software, have formed a partnership to seamlessly pass loan information from OpenClose’s LenderAssist(TM) LOS into LBA Ware’s CompenSafe application to automate the entire commission process.

CompenSafe is a highly scalable web-based software solution that automates, tracks, calculates, forecasts and provides detailed analytics and dashboard-level reporting on compensation plans for loan officers, processors, branch managers and other commission-based employees. The integration with LenderAssist enables CompenSafe to extract loan data from the LOS in real-time to fully automate and manage compensations across the enterprise in multiple departments and functional areas down to the employee level.

“Integrating LenderAssist with CompenSafe allows our mutual customers to completely eliminate the use of spreadsheets to manually calculate commissions and other forms of compensation, which is laborious, cumbersome and error prone,” said Vince Furey, SVP of lending solutions at OpenClose. “With CompenSafe, however, our customers’ loan officers now have complete visibility over their pipelines and when they’ll be paid while management gains easy access to compensation analytics, metrics, reporting and other performance indicators. This integration delivers a great deal of value for lenders.”

Traditionally, since most LOS’ do not include functionality to automate commission and bonus payroll calculations, organizations have been ailed to effectively handle a multitude of variable-based, complex commission sales structures using manual approaches that generally involve Microsoft Excel and the need for additional internal resources. As organizations grow, managing the compensation process becomes more complicated, onerous and labor intensive. CompenSafe removes repetitive, error prone, manual calculations and data re-entry from the lending compensation function, thus increasing efficiency, lowering costs, and effectively overseeing sales compensation and top line profitability.

“Companies that recognize the value of knowing their numbers, assessing their pipeline and production to look for opportunities, and having the information to make timely decisions are the companies that will thrive and prosper in this transforming mortgage market,” said Lori Brewer, founder of LBA Ware. “The dependable and consistent stream of data CompenSafe pulls from LenderAssist allows near real-time compensation and metrics that our customers depend on for managing and increasing their loan volume.”

Both LBA Ware and OpenClose’s solutions are delivered on a software-as-a-service (SaaS) basis, are 100 percent browser-based applications, and proven to scale with large lending entities. The companies have several mutual customers using the CompenSafe integration with LenderAssist.

About LBA Ware:

Lending & Banking Automation Software (LBA Ware) is a software development company providing mid-sized mortgage lenders and retail bankers with software to automate a proven business process that is generally manual and without existing software solutions. The applications leverage automation to ease the pain points of manual dual data entry, empowering financial firms to maximize their productivity and operational efficiency. For more information about LBA Ware and their software solutions, visit or follow the company on Twitter @LBAWare and Facebook For media inquiries, email

About OpenClose:

Founded in 1999 and headquartered in Palm Beach, Florida, OpenClose(R) is a leading end-to-end, multi-channel loan origination system (LOS) provider that delivers its platform on a software-as-a-service basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose’s core solution, its LenderAssist(TM) LOS, is completely engineered by the same company using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creating a truly seamless workflow for comprehensive automation and compliance adherence. For more information, visit or call (561) 655-6418.

Joe Bowerbank
Profundity Communications, Inc.

Kelley Martins
LBA Ware

Twitter: @OpenCloseSocial @LBAWare

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NEWS SOURCE OpenClose :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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Global DMS Appoints Mac Chiles Executive Vice President of Sales


Mac Chiles

LANSDALE, Pa., Sept. 29, 2015 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of web-based compliant valuation management software, announced that it has hired Mac Chiles as executive vice president of sales. In this role, he will be responsible for managing the company’s sales and business development functions for its eTrac(R) Enterprise valuation management platform and ancillary solutions.

Mr. Chiles is an experienced professional specializing in business development, strategic planning and implementation, account management and significant revenue production in complex and highly competitive markets. He is respected as a creative thought leader with a proven track record of delivering innovative business solutions and results with large enterprises and entrepreneurial ventures.

Formerly the director of strategic accounts at FNC, Inc., Mr. Chiles was responsible for enterprise sales of platforms, data and analytics to large loan originators, loan servicers, loan buyers and sellers, risk managers, default managers, mortgage insurance companies, and other high volume users of collateral information management solutions. At FNC, he successfully sold and upsold marquee accounts, consistently adding both customer value as well as producing revenue streams for FNC.

“We are pleased to have Mac on board and are confident that he will quickly impact our topline,” said Vladimir Bien-Aime,” president and CEO of Global DMS. “His industry experience, business acumen and knowledge of the valuation and collateral analytics software space will undoubtedly help Global DMS penetrate our target accounts.”

Mr. Chiles will work with lenders and AMCs to introduce all of Global DMS’ solutions — primarily eTrac, which is a web-based, single-source valuation management platform that centralizes and compliantly automates all aspects of the valuation process from vendor management to orders, assignments, tracking, accounting, delivery, reviews and sells. In addition, he will sell MARS(R) – Global DMS’ proprietary automated review system, Global Kinex(R), Global Communicator,, AMC State Regulations, AVM/data analytics products, BPO management solutions, eTrac ATOM mobile applications and more.

About Global DMS:

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company’s solution set is cost effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. The company’s solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS), AMC State Regulations, ATOM (Appraisal Tracking on Mobile), and For more information, visit the company’s web site at or call (877) 866-2747.

Twitter: @GlobalDMS –

* PHOTO for media:

Joe Bowerbank
Profundity Communications, Inc.

Global DMS, 1555 Bustard Road, Suite 300, Lansdale, PA 19446.

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NEWS SOURCE Global DMS :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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Mid America Mortgage, DocMagic and eSignSystems Partner to Enable End-to-End eMortgages


mortgage technology

TORRANCE, Calif., Sept. 22, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that Mid America Mortgage, Inc. will utilize DocMagic’s SaaS-based compliance and mortgage loan document engine together with the on-premise solutions of DocMagic’s recently acquired eSignSystems patented eSigning, eNotary, eVaulting, eRegistration and eRetention solutions.

This is the first time since the acquisition of eSignSystems in October, 2014 that the combination of technologies will be jointly utilized to facilitate a complete eClosing and validate DocMagic’s eMortgage model.

“We made the decision to sign with DocMagic and its subsidiary division eSignSystems because of the unique capabilities of the combined technology components, together with the most powerful eMortgage reputation and expertise in the industry,” said Jeff Bode, president of Mid America Mortgage. “The blend of these technologies integrated with our loan origination system (LOS), Mortgage Machine, establishes the path for us to close our loans electronically. DocMagic’s solutions are ready today for eClosing, and now that the GSE’s are accepting eNotes, their advance readiness for electronic closings is critical to Mid America’s short and long-term eStrategy.”

“The marriage of our SaaS and on-premise solutions delivers a unique value proposition for Mid America,” said Dominic Iannitti, president and CEO of DocMagic. “DocMagic’s SaaS model compliantly delivers dynamic, intelligent, data-driven loan documents and disclosures with a full eClosing for borrowers. eSignSystems’ on-premise platform provides Mid America with internal controls and tools to configure the solution to their specific business processes and the ability to efficiently work with third parties to achieve an eMortgage.”

About DocMagic:

DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company’s compliance experts and in-house legal staff constantly monitor legal and regulatory changes at the state, federal and international levels to ensure accuracy. For more information on DocMagic, visit

About eSignSystems:

eSignSystems, a division of DocMagic, Inc., is a leading provider of lifecycle management of electronically signed, legally binding documents, contracts and digital transactions. SmartSAFE XL(TM) enables companies

to manage business processes and transactions entirely online. Organizations can adhere better to certain regulatory compliance issues, improve productivity and efficiency in processing transactions, and achieve significant cost savings through the elimination of document transportation costs, processing and storage. For more information, visit

About Mid America:

Additional information about Mid America Mortgage, Inc. can be found on the company’s website at

Joe Bowerbank
Profundity Communications, Inc.

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NEWS SOURCE DocMagic, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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IDS, LendingQB Integration Creates Seamless Mortgage Origination Environment for Private Bank of Buckhead


Mortgage documents

SALT LAKE CITY, Utah, Sept. 3, 2015 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced Atlanta-based Private Bank of Buckhead has implemented the IDS “lights out” integration with LendingQB, an end-to-end loan origination system (LOS) provider whose platform includes the industry’s leading universal decision engine.

According to Eric Simpson, a member of the operations team at PrivatePlus Mortgage, Private Bank of Buckhead’s mortgage lending arm, the ability to have two best-in-class systems function as one system was what attracted the bank to LendingQB and IDS.

“The LendingQB LOS platform is very flexible and agile, which is what made us consider it over other systems,” he explained. “For doc prep, IDS is an obvious choice because of the built-in compliance audits, plus the in-house compliance team and IDS’s superior reps and warrants. The fact that these two systems integrate so well together was icing on the cake.”

Using this interface, Private Bank of Buckhead’s loan originators are able to access all of the functionality available in the IDS flagship document preparation system idsDoc without having to leave the LendingQB system. The seamless transfer of data between the two systems ensures the integrity of Private Bank of Buckhead’s loan data while providing a more efficient and secure loan origination environment.

In addition, both systems are operating on the MISMO 3.3.1 Resident Reference Model, which supports a more robust transfer of data between the two systems and will aid in meeting the Consumer Financial Protection Bureau’s (CFPB’s) upcoming TILA-RESPA Integrated Disclosure (TRID) rule.

“With the upcoming TRID implementation, it is critical for lenders to shore up their front-end operations to ensure as smooth of a transition as possible,” said Mark Mackey, CEO of IDS. “The IDS-LendingQB integration is one example of how vendors can help their customers create a more efficient origination environment that supports operations and compliance.”

“Providing our clients with seamless integrations to our vendor-partners is key to the Lean Lending Strategy,” said Binh Dang, president of LendingQB.

About Private Bank of Buckhead:

Private Bank of Buckhead brings a private banking approach to all clients across all functions of the bank. The bank – now in its ninth year – is designated a Preferred Lender by the U.S. Small Business Administration. Private Bank of Buckhead is located in Piedmont Center (Building Three). Its Private Bank of Decatur division is located at 150 East Ponce de Leon Avenue in Decatur, at the corner of Ponce and Church Street. Its mortgage lending arm, PrivatePlus, is represented in both Buckhead and Decatur, and does business nationally. For more information, visit

About LendingQB:

LendingQB is a provider of 100 percent web browser-based, end-to-end loan origination software offering residential mortgage banking organizations lean strategies for optimal performance resulting in faster cycle time and lower costs per loan. For more information, please call 888.285.3912 or visit

Trademarks: LendingQB(TM) and Lean Lending(TM) are trademarks of MeridianLink in the U.S. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to get more out of doc prep can visit the IDS website at or call 800-554-1872.

Twitter: @idsDoc @LendingQB @PPMortgage

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NEWS SOURCE International Document Services, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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ARMCO Launches TRID Mortgage Data Compare Tool



POMPANO BEACH, Fla., Sept. 2, 2015 (SEND2PRESS NEWSWIRE) — Leading web-based financial services quality control software provider ACES Risk Management (ARMCO) announced the release of TRIDCompare(TM), a data compare tool designed specifically for the new TILA-RESPA Integrated Disclosure (TRID). TRIDCompare is a component of the Automated Data Compare (ADC) solution suite within the ACES Web Audit Technology(TM) platform.

TRIDCompare enables lenders to more efficiently compare the Loan Estimate (LE) and Closing Disclosure (CD) forms with the data contained in the loan origination system (LOS) to identify and resolve discrepancies before loans reach closing. Utilizing highly advanced optical character recognition (OCR) technology, ARMCO has achieved a 95 percent data extraction confidence level.

“Executing defect-free initial and closing disclosures is more important than ever, thanks to TRID,” said Phil McCall, COO for ARMCO. “TRIDCompare enables lenders to feel confident that the documents they are bringing to the closing table are fully TRID compliant.”

TRIDCompare is part of ADC, a larger suite of data compare and document indexing tools within ACES Web. ADC enables the identification and organization of the multiple loan documents contained within a loan file and the automatic extraction of key data fields from loan documents. The organized, easy-to-navigate online filing system allows quality control staff to automatically identify the absence or presence of user-defined critical documents and generate a list of missing documents before the file is even audited. Missing documents are automatically routed to the correct area of responsibility (AOR), thereby increasing quality assurance efficiencies.

“According to our benchmarking analytics, more than 31 percent of all gross loan defects are attributed to missing documents, which is a relatively easy defect to cure,” said Avi Naider, chairman and CEO for ARMCO. “ARMCO’s ADC solution minimizes missing document defects before the audit even starts. Moreover, through accurate extraction of key data fields, ADC eliminates costly and time-consuming ‘stare-and-compare’ processes currently used to address data defects. Ensuring consistency between data in loan documents and final LOS data is now a reality with the ACES ADC.”

About ARMCO:

ARMCO – ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation’s top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO’s flagship product, ACES Web Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES Web standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit or call 1-954-202-5606.

Twitter: @AcesWeb

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NEWS SOURCE ARMCO ACES Risk Management :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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iServe Realizes Significant Productivity Gains and Cost Reductions Using LendingQB Platform


COSTA MESA, Calif., April 11, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a seamless mortgage lending platform provider, announced that iServe Residential Lending, LLC, a retail mortgage banker, has reported a dramatic increase in employee productivity, slashed technology costs, and reduced costs per loan since implementing LendingQB. iServe selected LendingQB approximately a year ago because it eliminated having to use multiple platforms, databases and integrations.

“We were previously using three different systems that were technically integrated together, but they still had a number of issues,” said Michael Wilson, director of operations at iServe. “The system-to-system communication was poor, integrations often required employees to re-key data, and we had to call three different vendors when we needed technical support. This was hampering our operational performance. We came to the conclusion that we needed to look for a single provider that could efficiently do the job of these three vendors.”

During the diligence process, iServe was provided with the opportunity to test drive the LOS unencumbered from that of a traditional sales-guided demo, allowing the lender to run a loan through the entire LendingQB system from start to finish. Dubbed the “Guest Suite Invitation,” lenders are able to work with the solution in an isolated environment to ensure it meets their specific needs.

“Working successfully in LendingQB’s Guest Suite Invitation empowered us with the insight to ensure the platform would work for us,” said Wilson. “Immediately after implementing LendingQB, we were able to completely eliminate any re-keying of data, realize greater employee productivity via tighter workflows, and work towards being paperless in the same system. This reduces our cost per loan by an estimated 30 percent and optimizes every single area of our lending practice, from origination through secondary marketing and interim servicing. The improved communications and data integrity of being on one platform has substantially improved our operations.”

“We don’t consider ourselves to be just another loan origination system (LOS) vendor that loosely uses the ‘end-to-end’ buzzword,” said Binh Dang, president of LendingQB. “We like to move away from this overused term and instead refer to our platform for what it really is – a seamlessly connected profit optimization system that is focused on the lender’s business first and foremost. The bottom line should be the bottom line. We advise our clients on how to develop their workflows to reduce cost per loan and increase productivity. That’s how we help clients ‘win the lending game’ in ways they never knew were possible. Sure, our platform is end-to-end, but it’s also much more.”

Key to the LendingQB platform:
* 100 percent Web-based platform delivered as SaaS and residing in the cloud environment reduces hard technology costs by 70 percent;
* All-in-one platform eliminates many feeble best-of-breed integrations, lowering cost per loan by 25 – 30 percent;
* Built-in AUS increases pull-through rate by 40 percent or more;
* Seamlessly connected workflows and transparency for all lending functions;
* Single database eliminates the errors associated with the re-keying of data and the system-to-system communication issues often encountered when using multiple platforms;
* Proven to reduce cost per loan, increase productivity and optimize operations;
* Sophisticated analytics that utilizes a lender’s data to drive business intelligence (BI);
* Responsive customer service and development;
* Highly scalable, flexible and configurable.

Notable is that LendingQB was introduced to the marketplace in December of 2011, but select lenders have been successfully using the platform while LendingQB continued to add ancillary functionality in preparation for its formal launch. Clients were instrumental in working closely with LendingQB to perfect the platform as an all-in-one solution that automates the entire lending process. The result was a tested, tried and true 100 percent Web-based platform that seamlessly connects all lending workflows with complete transparency.

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit .

About iServe Residential Lending, LLC:
iServe Residential Lending, LLC is a multi-state residential mortgage banker. iServe Residential Lending, LLC is a U.S. Department of Housing and Urban Development (HUD) approved, Federal Housing Administration (FHA) lender with direct endorsement (DE) authority. iServe originates FNMA/FHLMC conforming, FHA, VA, USDA and Jumbo loans through their retail branch offices. For more information see: .

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.

News Source: LendingQB :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: .

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Quandis Launches New Vendor Module to Connect Clients and Vendors


FOOTHILL RANCH, Calif., April, 5, 2012 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced it launched a solution that connects mortgage service companies with a nationwide network of real estate vendors. The module provides a centralized Web portal that creates a medium for vendors to list the services and expertise they provide, and for mortgage companies to locate vendors based on their business needs.

Mortgage servicers, lenders, escrow firms, outsourcers and preservation companies have an ongoing need to hire vendors to help complete transactions such as valuations, short sales, inspections and others. Quandis’ Vendor Module allows mortgage companies to gain access to vendors like real estate agents, real estate brokers, appraisers, property inspectors and notaries.

The solution eliminates the laborious process whereby vendors are forced to visit multiple mortgage companies’ Web sites to do business with them. Suitable vendors can be quickly located and once engaged with, vendors can return to the site to monitor the status of orders placed. Vendors are able to list their specific services, expertise, track record, reputation, markets, zip codes served and more.

“In order to efficiently complete real estate transactions associated with servicing processes such as valuations and short sales, mortgage companies must be able to quickly find the best vendors offering services they are looking for in a specific area,” said Scott Stoddard, CEO of Quandis. “Our vendor module works by allowing individual vendors to list their services and specialties in our national database, and provides a medium for organizations to easily search for and engage with them. Often, this is a manual process for both parties, as vendors must add and re-key their information into dozens of different Web sites while organizations in turn must use several different methods by which to locate vendors. Our vendor module eliminates these cumbersome functions for both parties.”

Quandis’ Vendor Module provides a win-win for both the mortgage companies and individual vendors using it. As vendors are able to showcase key information on the site, they are also able to use the service as a gateway to reach more companies to do business. At the same time, mortgage companies are able to make quick, informed decisions on vendors.

Quandis says it continues to add to its network of mortgage service companies and vendors; and, the vendor module will soon be expanding the type of transactions that can be tracked and completed.

About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit or call (949) 525-9000.

Joe Bowerbank
Profundity Communications, Inc.

News Source: Quandis, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: .

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