Wednesday, February 24, 2010

Myers chooses LoanSifter for POS pricing

Earlier this month, Myers Internet, a website provider for mortgage originators and real estate professionals, announced that it would abandon a proprietary product the company had developed in favor of a web-based product and pricing tool offered by LoanSifter. Both companies are located in Wisconsin.

The new strategic alliance will create an integrated offering intended to provide Myers' customers with LoanSifter’s comprehensive tools to price, manage, and market loans. Myers' customers can use any LOS they choose to take the full application and begin loan processing.

"We are pleased to partner with LoanSifter, and further expand options available to Myers users,” said Chad Northington, managing director for Myers, a subsidiary of MGIC Investment Corporation. “LoanSifter’s products provide instantaneous up-to-the-minute pricing, product and guideline information and will be a tremendously useful tool for Myers users and their borrowers."

LoanSifter monitors and updates underwriting and pricing on over 130 correspondent and wholesale investors, as well as MGIC’s mortgage insurance pricing and eligibility guidelines, according to the company.

“We are constantly looking to enhance the consumer experience on our clients’ websites,” said Northington. “This initiative is the first of several planned for this year, and one that we see as a critical point-of-sale solution for Myers clients.”

The new LoanSifter product will replace Myers' current rate product immediately, and the old rate product will be retired as of March 23, 2010.

Monday, February 15, 2010

SigniaDocs execs land MISMO posts

SigniaDocs, Dallas, a provider of eMortgage services, reports that two of its executives have been appointed to key posts within MISMO, the Mortgage Industry Standards Maintenance Organization. The appointments were made at the recent trimester meeting of the organization in Jacksonville.

Harry Gardner, SigniaDocs chief strategy officer, is the new chair of the MISMO Governance Committee, which oversees the administration and policies of the organization. Gardner was vice president of Industry Technology for the Mortgage Bankers Association (MBA) and president of MISMO prior to joining SigniaDocs and before MBA spun the organization off.

Charles Epperson, SigniaDocs’ vice president of eMortgage Technology, was re-elected as chair of the MISMO Title Workgroup and as a member of MISMO’s Council of Chairs.

MISMO develops, promotes and maintains electronic commerce standards for the mortgage industry, an effort geared toward the smooth and uniform migration from traditional paper-based mortgages to more accurate and efficient eMortgages.