Friday, October 22, 2010

Motivity integrates with Del Mar Datatrac

Motivity Solutions has integrated its Movation Business Management platform with the DataTrac loan origination system of record and rules-based mortgage lending workflow platform from San Diego-based Del Mar DataTrac, Inc. Motivity won a Mortgage Technology award for its technology last year.

According to Motivity, this new integration makes the actionable and mortgage-centric business intelligence provided by Movation available to lenders that rely on the DataTrac Product Suite.

“Motivity Solutions launched its Synergy Program earlier this year to focus on developing relationships with industry leading software and service providers, so we are excited to announce officially the partnership with DMD,” said Gabe Minton, CSO for Motivity Solutions. “Through this integration, DMD customers are now able to access Motivity’s award winning, industry leading, and performance driving business intelligence seamlessly through DataTrac.”

“It was clear early on that Motivity and DMD were a very good fit to take the mortgage industry to the next level,” said Tyler Sherman, CEO of Motivity Solutions. “Our combined solution does an excellent job of enabling a lender to better control their business operations, and DMD president Rob Katz has long been a proponent of the benefits of data-driven business intelligence; we are aligned in corporate goals and values, and our products work so well together that we can have mortgage lender clients live in about a day.”

“We were very pleased with how quickly the team at Motivity Solutions was able to get Movation up and running in our environment,” said Mike Grego, COO for Chicago-based 1st Advantage Mortgage – a user of both DataTrac and Movation. “It was obvious that this integration and partnership had been well thought out on every level from implementation to delivering the value of business intelligence – as a DMD customer we are very appreciative of their effort to seek out and partner with industry leaders like Motivity Solutions.”

“As the most widely used mortgage banking automation platform in the industry, we look for partnerships that can bring a high value proposition to our clients,” stated Rob Katz, president of DMD, Inc. and a Mortgage Technology magazine Lasting Impact Award finalist. “Enabling lenders’ convenient, easy, and inexpensive access to the level of business intelligence provided by Motivity Solutions supports DMD’s goal to truly partner with our clients by helping their business thrive through whatever means possible and underscores our competitive advantage as an LOS provider and mortgage lending solutions expert,” Katz added.

The Movation Business Management Platform is designed to combine and enhance existing systems to simplify business by creating insight, efficiencies, and a sustainable competitive advantage by delivering a performance based environment.

Thursday, October 21, 2010

Alain Valles Earns Industry Certification

Alain Valles, president of Direct Finance Corp., Hanover, Mass., has achieved the designation of Certified Reverse Mortgage Professional (CRMP) from the National Reverse Mortgage Lenders Association (NRMLA). Valles is one of only ten loan officers in the U.S. to have earned the CRMP designation.

Valles, along with the nine other CRMP designees, will be honored at a ceremony at NRMLA's annual meeting that will take place November 3-5 at the Roosevelt Hotel in New Orleans.

The Washington, DC-based National Reverse Mortgage Lenders Association (NRMLA) was established in 1997 to enhance the professionalism of the reverse mortgage business. NRMLA educates consumers about the pros and cons of reverse mortgages, trains lenders to be sensitive to clients' needs, and enforces a Code of Conduct and Best Practices among reverse mortgage brokers and lenders.

To attain the CRMP designation, Valles was required to have a minimum of two-years of experience in the reverse mortgage business and close at least 50 loans; take 12 hours of continuing education courses as well as NRMLA's three-hour Ethics Course; pass a background check; and sit through a three-hour exam. The certification is valid for three years, during which time designees must sit for an additional 12 hours of continuing education per year to be re-certified.

Alain Valles founded Direct Finance Corp. in 1997 with the mission of improving the quality of life through responsible financing. He is a past president of the Massachusetts Mortgage Association. Valles received a Masters in Real Estate from the Massachusetts Institute of Technology, an MBA from the Wharton School at the University of Pennsylvania, and a BBA, summa cum laude, from the University of Massachusetts. He is a resident of Hanover, Mass.