The Latest in Mortgage and Real Estate Technology
Black Knight, a provider of integrated software, data and analytics to the mortgage and real estate industries, announced the launch of its Regulatory Assist solution.
Regulatory Assist, which integrates directly with the Black Knight Empower loan origination system, as well as other loan origination platforms, is designed to help clients streamline the compliance-testing process and make compliance validation easier, according to the company.
The solution is a centralized rules engine that enables clients to perform a broad scope of both state and federal loan-level compliance validation tests. By using this solution, Black Knight says clients will be able to run “lights-out” validations based on the client’s configuration, with no manual intervention by leveraging the Empower Orchestration Engine.
“Black Knight offers several services today to support our clients’ compliance requirements, and we are excited to expand that support with the launch of Regulatory Assist,” said Rich Gagliano, Black Knight Origination Technologies’ president. “Compliance testing can add significant time and cost to the loan origination process. By embedding state and federal compliance checks in the origination process via Empower, Regulatory Assist will significantly streamline loan-level testing, which can result in reduced operational costs.”
Tech startup Notaroo recently announced the launch of its mobile notary scheduling platform, which is designed to provide reverse mortgage companies with greater oversight and control in the loan closing process.
According to the company, Notaroo promises to revolutionize HECM loan closings by bringing speed, efficiency, and transparency to the process. In order to do so, the platform integrates its technology with the specific preferences of its users to ensure a more predictable experience for borrowers.
“As a previous originator and manager of multiple lending platforms, I experienced first-hand the chaos inherent in the notary process, leaving me and my colleagues feeling out of control,” said Todd Ausherman, Notaroo’s founder, and CEO. “There was and still is limited transparency, communication, and consistency between the notary, escrow and the lender.”
Ausherman said Notaroo’s new loan closing tool puts the control back into the hands of users, as key parties will now be more informed and involved throughout the process.
Latch, the maker of the first integrated access system for multifamily apartments, announced the extension of its full-building solution with the launch of the Latch Intercom.
In a press release, the company explained the Intercom will integrate with their front door devices and software products, as well as a variety of speakers from Sonos, therefore facilitating smarter home entry.
Additionally, Latch announced plans to unveil an updated Latch App and Latch M Series. The Latch update will give property managers the ability to receive real-time guest notifications and access updates when using Latch to facilitate services, whereas the M series update will enable residents to easily control devices, including lights, thermostats, sensors and more, according to the company.
“We’ve spent the last five years focused on creating and deploying our access-control products, and today, we’re thrilled to show how they power new services and experiences,” said Luke Schoenfelder, Latch’s co-founder and CEO. “With these additions to the Latch system, we’re able to further deliver on our mission—helping people open, manage, and share the spaces that matter.”
Posted on housingwire.com on 11/13/19.