Acting as an advisor to Omega, Joe Cilento, CPA, CMB, a mortgage industry veteran and consultant, guided the selection and implementation of Lending QB’s LOS platform after performing a company-wide review of operations.

“I have conducted numerous mortgage technology evaluations and implementations; the rollout of LendingQB’s Web-based platform was one smoothest I’ve been involved with,” said Cilento. “The extensive level of support that LendingQB provided and their ability to easily configure tailored workflows are the main reasons Omega’s implementation was so successful.”

LendingQB’s LOS seamlessly integrates Omega’s entire workflow and lending functions to enable the straight through processing (STP) of loans. From the point-of-sale (POS) through closing and funding, LendingQB consolidates all of Omega’s lending activities onto a single platform that creates a true end-to-end experience. Regardless of employees’ roles, LendingQB contains Omega’s users to a single database and software environment to ensure the same data is being used in different departments. The result is fewer manual touch points, which turns Omega’s lending practices into a profit optimization workflow.

“We were previously using a well-known LOS that has been trying to assemble an end-to-end solution, but we found the system inadequate to handle our needs from soup-to-nuts so we began looking for a solution that could,” said Armando Morell, information systems director at Omega Financial Services, Inc. “We retained mortgage consultant Joe Cilento to help us perform the evaluation process and concluded that most LOSs try to achieve an end-to-end solution by way of integrating with multiple best-of-breed vendors because they are lacking key functionality in a number of different areas. Of all the solutions we looked at, there wasn’t an all-in-one Web-based LOS on the market that could seamlessly automate every single area of the lending process like LendingQB is able to.”

Once Omega’s LOs and brokers run product and pricing scenarios in LendingQB’s retail or broker portal, they can pull credit and the automated underwriting system (AUS) returns an instant, accurate decision that analyzes investors’ entire underwriting manuals, which carries the same weight as a human underwriter’s decision. The loan then seamlessly moves through Omega’s workflow with minimal human intervention. Omega says the efficiencies gained using LendingQB’s end-to-end LOS will optimize employee performance, reduce their cost per loan and also attract top tier sales talent. In addition, Omega’s LOs, brokers and AEs can use LendingQB’s mobile application for smart phones, which allows them to check rates, return product eligibility and pricing, and manage their pipeline from the field.

“Paramount to running an efficient lending operation is the seamless connection of every workflow the lender uses to eliminate unnecessary human interaction and thus improve productivity,” said Binh Dang, president of LendingQB. “The only way to achieve this is to implement an all-in-one platform that uses a single database and is discriminating with outside integrations, as too many interfaces and separate databases creates data integrity issues and hampers efficiency and accuracy.”

LendingQB’s platform is comprised of LO, broker, and consumer direct point-of-sale Web portals for all lending channels; product and pricing engine; proprietary AUS; loan processing; electronic documents, closing; secondary marketing; and interim servicing. LendingQB also accompanies business intelligence (BI) and data analytics functionality along with detailed reporting that helps lenders locate and translate their data into actionable information, enabling them to make informed business decisions that establishes a competitive advantage and leads to greater profitability.

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 http://www.lendingqb.com.

About Omega Financial Services, Inc.:

Omega Financial Services, Inc. is a full service, Non-Supervised, Multi-State Direct Residential and Commercial Lender and Wholesaler. With over 25 years of experience, Omega’s goal has been to assist clients in owning a home, acquiring a business, or an investment property by offering a wide array of loan programs and giving attention to detail. The company is dedicated to connecting every client’s dream of homeownership with the required financial assistance. Omega’s various loan programs allow it to cater to individual needs while providing outstanding service. Omega became the ideal lender through the use of strong customer relationship management and principles rooted in an ethical foundation. For more information about Omega Financial Services, Inc. please call 908-933-0253 or visit http://www.fhaomega.com.

About Joe Cilento, CPA and CMB:

Cilento Mortgage Advisory Corp. assists mortgage lenders looking to enhance product development, improve operations capabilities, implement IT and LOS systems, and improve secondary market execution. The firm provides assistance with regulatory compliance and QC practices and also represents both buyers and sellers interested in joint ventures and merger & acquisition financing.

Cilento has over 25 years of experience successfully assisting companies looking to access the securities markets through direct issuances of GNMA/FNMA MBS securities. Client companies may require assistance with obtaining GNMA/FNMA approval. Services continue after agency authority is obtained and may include assistance with developing the in-house resources required to pool and issue MBS securities and become a GNMA/FNMA direct seller/servicer. For more information about Cilento Mortgage Advisory Corp., please call 203-797-8733 or visit http://www.joecilento.com.

Copyright © 2012 Neotrope® News Network – all rights reserved.

Prior to re-joining 360 Mortgage Group, Rocha worked as a loan officer and processor for Oakridge Capital, a wholesale account executive for CIT Home Lending and a wholesale account executive for First Greensboro Home Equity, Inc.

“To be successful, I need to have a lender behind me that offers the technology and support to get the job done,” Rocha said. “360 Mortgage Group unequivocally delivers on its promise to make its brokers look good, and that’s why I chose to come back to 360.”

“Melanie is very detail-oriented,” said Courtney Henry, president of One City Mortgage. “She doesn’t work a typical 9-to-5 schedule. Instead, she is there for her customers at all hours that she might be needed. Melanie also knows her products front to back and knows how to approach everything to make it work smoothly.”

About 360 Mortgage Group, LLC:

Established in 2007, 360 Mortgage Group, LLC (http://www.360mtg.com) is a privately owned mortgage bank that has successfully utilized its high-technology platform to provide better communication and customer service to business partners. An approved Fannie Mae seller/servicer, 360 Mortgage Group is headquartered in Austin, Texas and services more than 25 states across the United States. Contact 360 Mortgage Group via email at 360marketing@360mtg.com or by calling (866) 418-2997

Copyright © 2012 Neotrope® News Network – all rights reserved.

At the core of CCMC technology is a patented data engine, known as the Intelligent Connector Engine (I.C.E)(TM), which CCMC has invested over 100 man-years in developing. The function of the Intelligent Connector is to move, validate, edit, calculate and count data and/or transactions between enterprise applications, whether on-site or hosted. CCMC utilizes the Intelligent Connector in conjunction with domain expertise and development skills to build specific repeatable solutions for financial institutions. The solutions are provided with professional services as required, installation services and ongoing support.

Going forward, the I.C.E(TM) platform will allow additional solutions to be delivered in a hosted/SaaS environment, as well as offer extended capabilities such as Analytics, custom reporting and event monitoring/notification to name a few.

The Lending-Connector(TM) family of products contains three unique loan boarding solutions. These products are the Mortgage Loan Connector, Consumer Loan Connector and Commercial Loan Connector. Each product processes a specific type of loan, allowing for a very focused approach to the loan boarding process. The more focused and complete automation will allow CCMC’s customers to cut their average time of boarding a loan to under 3 minutes, taking loan processors productivity to new heights and vastly improving the number of loans that a financial institution can board each month.

In developing the Lending-Connector(TM) solutions, CCMC has leveraged the I.C.E(TM) and built connectors that interconnect, validate and edit data movement between 20+ solution providers of Lending Systems. This allows financial institutions to use any number of best of breed servicing systems, origination systems, automated underwriting systems, pricing engines, analytic systems, etc. without the excessive and costly manual intervention of the past. CCMC’s end user software – i.e., Mortgage Loan Connector – dynamically sends and receives data from any number of these solution end points based on any number of criteria that is contained in one of the end points or based on criteria in the connector itself. In this way, loans are never rejected after being booked to the Host system, since the validation is completed in the I.C.E(TM) before the data is even sent to the Host.

“This is a natural progression for our workflow solutions,” said Brad Willis, Vice President of Marketing at CCMC. “With our new connector technology, a mortgage loan processor can reduce their work from 60 minutes to less than 3 minutes, allowing financial institutions to provide more cost effective service to their customers.”

The first Mortgage-Connector and the first Consumer-Connector were delivered in April and will be live this month.

About CCMC:

CCMC, Inc. established in 1994, is a professional services and software firm specializing in providing value-added solutions and services to the financial services industry. Our services focus on the integration of disparate systems, as well as data and workflow optimization, to both financial institutions and the major providers of application solutions to the financial services industry. Our partners are some of the best known technology corporations to the banking industry and represent core processing, loan origination, online banking and consulting among others.

For more information, visit http://www.ccmcinc.com or call 407.788.7557.

Copyright © 2012 Neotrope® News Network – all rights reserved.

“We’re excited to offer ELITE to our valued broker community in order to exceed the expectations of their elite borrowers,” said Mat Ishbia, president of UWM. “These types of borrowers deserve preferred conventional rates and pricing, and since every UWM program is accompanied by our world-class customer service, ELITE offers the best of both worlds. Our brokers’ first-rate borrowers shouldn’t settle for anything less. Brokers are confident in knowing that UWM can accommodate their every lending need while providing the easiest loan process available.”

Recently, UWM launched a number of new products, which include: “The Big and Easy,” a true jumbo loan on up to $2.5 Million; the HARP 2.0 changes; the implementation of HARP 2.0 with up to 175 percent LTV/Unlimited CLTV with DU(R); USDA loans; and now ELITE.

All of UWM’s products and pricing are available within its custom broker portal, EASE (Easiest Application System Ever), which offers a number of Web-based tools for originators. EASE is integrated with EQ (Easy Qualifier), UWM’s proprietary eligibility and pricing engine that instantly returns accurate decisions on up to twelve programs at once with the click of a mouse.

Loans that qualify for UWM’s ELITE program include:
* A 760+ FICO;
* A 70 LTV or less;
* $250k plus loan amount;
* Acceptance of property inspection waivers;
* Continued honoring of Fannie’s DU(R) findings.

Interested parties can learn more about UWM’s ELITE program by contacting the company at 800-981-8898 or by visiting http://www.uwm.com .

About United Wholesale Mortgage:

Headquartered in Birmingham, Michigan, United Wholesale Mortgage underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM’s positive teamwork and dedication to exceptional customer service has resulted in continued success and growth that has spawned expansion. For more information, visit www.uwm.com or call 800-981-8898.

Copyright © 2012 Neotrope® News Network – all rights reserved.

Borrowers whose application date was listed after December 1, 2011 are eligible to take part in 360 Mortgage Group’s participation with HARP 2.0. Additionally, all EA-I, II, III, and occupancy loans are HARP-eligible with unlimited LTV and CLTVs with AU Approval. 360 is also accepting existing MI transfers and no appraisals will be required on loans receiving a Property Fieldwork Waiver. There is no limit to the number of financed properties owned by a borrower that can be considered HARP-eligible and no minimum FICO is required.

Since first accepting HARP 2.0 applications, 360 Mortgage Group’s active loan pipeline has increased by almost 700 percent and 360 expects customer participation with HARP only to increase in the coming months. As a result of its increased loan activity, 360 is adding staff.

“We’re focused on making quality hires as rapidly as possible, adding expert staff to meet the daily increasing demand both for HARP and all other loan types,” said Mark Greco, President of 360 Mortgage Group.

“360 has truly embraced the spirit of HARP 2.0,” Greco said. “If homeowners have made their payments without fail throughout the past four years during an economic crisis, then they are going to continue to make those payments now. These homeowners see their home as just that – a home – and not just an investment. These are the people that Fannie and Freddie are seeking to help right now, and so is 360.”

If you are interested in contacting 360 Mortgage Group about HARP 2.0 then visit 360′s website at https://www.360mtg.com or contact the following individuals:

Regional Contacts:

West:
Greg Fullmer, Regional Production Manager of the Western Region, at (303) 809-8210 or gfullmer@360mtg.com.

Southeast and Mid-Atlantic:
Brad Smith, Regional Production Manager of the Southeast and Mid-Atlantic Region, at (813) 397-3979 or bsmith@360mtg.com.

National Accounts:
Scott Stavinoha, Inside Sales Manager (866) 418-2997 or sstavinoha@360mtg.com.

About 360 Mortgage Group, LLC:

Established in 2007, 360 Mortgage Group LLC is a privately owned mortgage bank that has successfully utilized its high-technology platform to provide better communication and customer service to business partners. An approved Fannie Mae seller/servicer, 360 Mortgage Group is headquartered in Austin, Texas and services more than 25 states across the United States.

Copyright © 2012 Neotrope® News Network – all rights reserved.

“We established LockCentral specifically for mortgage bankers that want to operate a centralized lock desk without having to incur the expenses of additional full time resources and to also improve on data integrity for our hedging clients,” said Curtis Richins, president of MCT. “Running an efficient lock desk is paramount to a lender’s profitability. However, the successful implementation and effective management of an internal desk can be very involved and time consuming, and not all secondary marketing departments are ready to adopt, implement and efficiently utilize what are generally complicated, onerous locking tools that often fall short of profitability expectations.”

LockCentral is a proven model that is run by a dedicated team of seasoned secondary marketing analysts who reside in multiple MCT offices across the country in different time zones, which is designed to provide responsive customer service levels to clients. The LockCentral offering also allows lenders to private label their lock desks, enabling secondary staff to work with MCT analysts while eliminating the onus of managing locking tasks so they can focus on other duties.

LockCentral’s benefits include:
* Access to a full suite of services at a significant reduction in costs
* Gain lock management and pricing accuracy assurance
* Rapid scalability to handle changes in volume
* Redundant price/margin verifications are provided for all lock requests and updates
* Secondary and hedging training is provided to existing lock desk personnel
* Service is available for both best efforts and mandatory sellers
* Provides secondary loan re-pricing
* Enacts instant auto lock submissions and confirmations
* Detailed tracking and reporting delivers newfound visibility.

MCT will be holding discussions about its LockCentral service at the MBA’s National Secondary Marketing Conference and Exposition in its suite at the Intercontinental in New York, New York. MCT’s suite is located in is in the Central Park Room on the Ballroom level. To schedule a meeting, contact Kim Moore at (469) 202-7161 or via email at kim.moore@mctrade.net.

About MCT Trading:

MCT Trading, Inc. is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, CA in May 2001, the company has expanded to include field sales and support offices in Philadelphia, PA; Dallas, TX; Charlotte, NC; and San Francisco, CA. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 75 clients on the HALO (Hedging And Loan sales Optimization) Program.

For more information, please visit http://www.mct-trading.com or call (619) 543-5111.

Copyright © 2012 Neotrope® News Network – all rights reserved.

The panel, which is geared toward loan originators, will feature a lineup of industry experts that features David Battany, director at PennyMac; Sue Woodard, president of the Mortgage Market Guide; Phil Rasori, chief operating officer at Mortgage Capital Trading; and Rob Chrisman, capital markets consultant. The event will be moderated by Jeff Tarbell, vice president of Comstock Mortgage and host of the Talkin’ Money show on CBS radio.

Key topics to be discussed include:
* A cloud view of the industry from Rob Chrisman;
* The impact of HARP 2.0;
* Identifying a myriad of new changes with the FHA;
* Effective marketing and database management for 2012;
* How to best compete with the big box banks;
* The future of Fannie Mae;
* Defining loan hedging;
* Why only certain rates get offered (rate shelf).

Session details:
Date: Thursday, April 26, 2012.
Time: 12 p.m. – 4 p.m. Pacific Time.
Location: Arden Hills Resort Club & Spa, Sacramento, Calif.

The Mortgage Insight Conference is sponsored by Comstock Mortgage. For more information, visit www.insightconference.net or call 800-955-6180.

About MCT Trading:

MCT Trading, Inc. is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, Calif. in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Pa.; Dallas, Texas; Charlotte, N.C.; and San Francisco, Calif. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 70 clients on the HALO (Hedging And Loan sales Optimization) Program. For more information, please visit www.mct-trading.com or call (619) 543-5111.

Copyright © 2012 Neotrope® News Network – all rights reserved.

Prior to joining 360 Mortgage Group, Berchock was regional sales manager for Clearpoint Funding, senior mortgage originator for Home Town Mortgage, regional sales manager for both Countrywide Home Loans and SunTrust Bank, Southeast regional sales manager for the wholesale and correspondent division of Sovereign Bank, regional sales manager for the retail division of Cendant Mortgage, and vice president and branch manager of the retail division of Philadelphia Mortgage Corporation.

Berchock received his Bachelor of Science degree in business administration from the University of Delaware.

“As a former mortgage originator I was looking for a company that provided outstanding customer service, quick response times, user-friendly technology and a product line that could help me to better serve my clients,” says Berchock. “360 Mortgage Group offers all of these.”

“Gino has always handled himself with integrity and professionalism,” said former SunTrust colleague Jo Kingsman. “He is highly motivated, focused on relationships and service and delivers on what he promises. He can always be counted on giving 100 percent of himself. He’s overall a great guy and a pleasure to work with.”

About 360 Mortgage Group, LLC:

Established in 2007, 360 Mortgage Group, LLC (http://www.360mtg.com) is a privately owned mortgage bank that has successfully utilized its high-technology platform to provide better communication and customer service to business partners. An approved Fannie Mae seller/servicer, 360 Mortgage Group is headquartered in Austin, Texas and services more than 25 states across the United States. Contact 360 Mortgage Group via email at 360marketing@360mtg.com or by calling (866) 418-2997.

Copyright © 2012 Neotrope® News Network – all rights reserved.

Prior to joining 360 Mortgage Group, Bonds served as an account executive for various firms, and as a retail branch manager for Savings 1st Mortgage. Bonds earned his Bachelor of Science degree in technology and management from University College at the University of Maryland. Formerly, Bonds served in the U.S. Air Force as an E5 with top secret/crypto clearance.

“I believe 360 Mortgage Group has the most attractive business model for brokers to grow their businesses in 2012 and beyond,” Bonds said. “360 is an agile, focused company driven by experienced entrepreneurs with a clear vision that is shared with employees and clients.”

“Products and pricing may come and go, but service is what defines a wholesale lender,” Bonds said. “360′s technology drives service at a consistently high level. Working for 360 makes me an ‘impact player’ in my market.”

“Glenn Bonds is very professional and in my opinion an outstanding account executive,” said Steve Summers, owner of The Mortgage Link. “He is always very helpful and knowledgeable when it comes to any of his loans. He is always very involved and goes the extra mile to ensure that all transactions go smoothly and most importantly that all loans are closed on time and without any unexpected issues. It is always a pleasure doing business with Glenn.”

About 360 Mortgage Group, LLC:

Established in 2007, 360 Mortgage Group, LLC (http://www.360mtg.com) is a privately owned mortgage bank that has successfully utilized its high-technology platform to provide better communication and customer service to business partners. An approved Fannie Mae seller/servicer, 360 Mortgage Group is headquartered in Austin, Texas and services more than 25 states across the United States. Contact 360 Mortgage Group via email at 360marketing@360mtg.com or by calling (866) 418-2997

Copyright © 2012 Neotrope® News Network – all rights reserved.

The EPA is a holistic, in-depth analysis and discovery of a lender’s unique business workflow that dissects every step of the loan life cycle from the moment an originator engages with a borrower to when the loan is sold on the secondary market. Once the assessment is complete, a detailed report is produced that contains metrics on how to reduce the cost to originate loans by optimizing workflows and operational performance. The EPA report gives lenders keen insight into their business in a way that allows them to understand the degree in which a technology and process improvement plan can impact their performance. Ultimately, the report serves as a invaluable roadmap for lenders to evaluate technology more effectively and develop business strategies by establishing measurable goals.

“If after conducting the EPA, a lender should happen to engage with us, then we’re armed with the necessary information to configure and implement our platform to seamlessly connect their entire workflow,” said Binh Dang, president of LendingQB. “The sole purpose of our technology is to optimize operations, reduce cost per loan and increase employee productivity. But if it is determined that LendingQB isn’t a good fit for the lender, they can still utilize our EPA report internally for areas of improvement or even to evaluate another vendor. We’re completely okay with that. Put simply, the EPA is about the lender, not us and our technology platform.”

The Enterprise Process Assessment is important because it defines who LendingQB is as a company. “To us, we’re not a technology company,” added Dang. “Technology is only a means to an end. Our focus is on solving problems for lenders using technology and business intelligence methods. The EPA provides both us and the lender with a better understanding on how to solve their problems, and at the same time, how to improve our software in ways we didn’t think of before. It’s a mutual learning process that yields immense value for our team and the lender.”

LendingQB will be holding discussions about its EPA offering and seamless lending platform in its suite at the MBA’s Technology Conference and Exposition at the Biltmore Hotel in Phoenix, Arizona.

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 http://www.lendingqb.com .

Copyright © 2012 Neotrope® News Network – all rights reserved.