D+H Leads Compliant Lending with TRID-Ready Integrations and New Testing Platform
D+H Finalizes Integrations with DocMagic and Optimal Blue, While Unveiling its Barometer™ TRID-preparation platform
LAKE MARY, FL, Oct. 20, 2015 /CNW/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced integrations with both DocMagic and Optimal Blue into its MortgagebotLOS™ loan origination platform, as well as a compliance readiness platform called Barometer.
This announcement reflects the company's ongoing plan to develop the most comprehensive mortgage solution offering, and draw upon D+H's deep understanding and commitment to compliance.
"We are constantly working to build or integrate the best technology and find new ways to improve the end-to-end experience for our lending clients," said Bill Neville, president of D+H's Lending and Integrated Core Solutions business. "But every one of these efforts must be supported by the same foundation of compliance expertise that protects clients now, and into the future. They are part of the company's overarching commitment to being the industry leader in compliance excellence."
COMPLIANT INTEGRATIONS
Optimal Blue is the premier cloud-based provider of managed-content, product pricing and eligibility (PPE), secondary marketing, point-of-sale, and compliance technology and services to the mortgage industry. The integration will give mortgage lenders seamless access to Optimal Blue's family of enterprise lending services, including product pricing and secondary marketing functionality which syncs in real time, directly from the MortgagebotLOS environment.
"Optimal Blue is excited to deliver this comprehensive integration with D+H and MortgagebotLOS. Market and customer demand has been tremendous for this partnership, and we're pleased to now be able to meet that demand," said Mark Coupland, vice president of Business Development at Optimal Blue. "Working with the D+H team has been a great experience and it is reflected in the work we have done together. The feedback from our beta testers has been outstanding, and we are now making this available to the entire market."
D+H also expanded its existing integration of MortgagebotLOS and DocMagic, a provider of fully compliant loan document preparation, compliance, eSign, and eDelivery solutions. Under the agreement, D+H becomes an official reseller of DocMagic products and services.
"We are pleased to have D+H as an approved reseller of our products," said Steve Ribultan, director of Business Development at DocMagic. "D+H and DocMagic have always worked extremely well together by providing lenders with an efficient, seamless and compliant process that is second to none. As a reseller, D+H is now empowered to independently introduce our solutions to their prospective clients."
These integrations provide D+H clients with a fully compliant, streamlined, and comprehensive workflow, moving from the institution, through loan documentation, all the way through to secondary marketing. D+H was able to safeguard compliance for these integrated solutions by tapping its own extensive understanding of TRID, led by the company's Compliance Legal department and network of Federal and State Counsel.
SHARING INSIGHTS
D+H also saw opportunities to share its understanding of the regulatory space directly with clients, which led to the development of Barometer, a role-specific, scenario-based preparation tool to assist lenders in complying with the TILA-RESPA Integrated Disclosure rule.
Barometer facilitates learning by testing users' understanding of the TILA-RESPA rule against real-world scenarios created by D+H experts, and includes video, audio and written content. Barometer was rolled out as a free service to 300 clients and 1,500 end users to help clients prepare for TRID.
"Most financial institutions do not have a single or consistent solution for compliance training and were scrambling to prepare for the arrival of TRID," said Sue Britton, vice president, Innovation and Commercialization, D+H. "We were glad to be able to offer so many of our clients complimentary access to Barometer. This service combines our insight and expertise with a state-of-the-art learning solution, giving clients the confidence that their teams can succeed with TRID."
While Barometer was originally launched to help prepare D+H clients for TRID, due to positive response and clients requesting ongoing help with regulatory preparation, D+H plans to take the product to market in 2016. The company will continue to explore ways to help financial institutions of all sizes stay ahead of the continued onslaught of regulatory changes.
About D+H
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, enterprise and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues of more than $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
About DocMagic
DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com.
About Optimal Blue
Optimal Blue is the premier cloud-based provider of managed-content, pricing and product eligibility (PPE), secondary marketing, consumer engagement, data and analytics, and compliance services. Based in Plano, Texas, Optimal Blue has developed an enterprise class suite of products and services designed to automate a lender's complex processes, improving efficiency and profitability while gaining a competitive advantage. With a 99.999% accuracy rate, Optimal Blue technology connects hundreds of investors with more than 1,500 financial institutions and currently touches nearly 1 of every 4 mortgage loans originated nationally.
For more information, please visit www.optimalblue.com.
SOURCE DH Corporation
Media Inquiries, Hyunjoo Kim Manager, Corporate Communications, D+H, 416.696.7702 x5221, [email protected]; Mike Maccioli, Vice President, Marketing, Optimal Blue, (972) 781-0200
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