One service provider upgraded its loan origination system to aid with compliance preparation, and another enhanced access to mortgage insurance. Meanwhile, a Michigan company observed that technology providers seem to be limiting software delivery methods.
On April 15, Denver-based Blueberry Systems LLC announced the launch of Relay 3.0 with new features aimed at aiding lenders with future compliance requirements preparation.
Blueberry’s press release touted better compliance validity, the ability to foster workflow through social medial principles adaptation, and preparation for cloud computing on a larger scale.
With several new Relay features rooted in social media, Blueberry Chief Executive Officer and President Wil Armstrong said the company designed the updates with “a more intuitive and pervasive approach.”
“We believe our approach to simplify the user’s experience with concepts like our heads-up display, customizable dashboard widgets, events and key dates or messaging makes it easier for a user to know what’s next in their workflow,” Armstrong said in the company’s statement.
The same day, nationwide mortgage insurance provider Essent Guaranty Inc. announced its document integration with Black Knight Financial Services’ Empower LOS where lenders could access Essent’s M.I. for non-delegated loans.
Elsewhere, Southfield, Mich.-based Mortgage Builder Software, creator of the Architect LOS, said it found more providers were corralling clients toward fewer software delivery service methods at a time when multiple delivery and hosting options for information security may be better for lenders in the long run.
“Lenders have the right to choose what levels of risk they are willing to accept,” Mortgage Builder CEO and President Kevin Smith said in a May 19 company announcement. “Some will want cloud delivery; others may not want an installed LOS that they can host themselves, or some combination depending on specific needs.
“There’s no one choice that must work for everyone, even if it makes life easier for vendors.”
