Tech Roundup: Management, Compliance & Mortgage Origination

A tech roundup of some recent activity features solutions that could help credit unions with member payment monitoring, account management, cybersecurity compliance, mortgage-processing, underwriting and income analysis.

Monett, Mo.-based financial technology provider Jack Henry & Associates’ ProfitStars division announced the availability of its Gladiator iPay Enterprise Security Monitoring solution, a web-based monitoring and reporting product designed to help credit unions and banks mitigate online bill pay fraud and comply with regulations.

iPay ESM features enhanced fraud analytics that track strategic bill pay functions and flag items needing immediate attention. The solution determines the legitimacy of behavior using analytics and comparisons to historic data and patterns. The combination of alerts and reduced false positives enable financial institutions to better manage potential threats around the clock. The solution includes integrated reporting features accessible at any time.

Atlanta-based VSoft Corporation, a provider of information and technology solutions for financial institutions, announced a strategic alliance with Intuit to enable its digital banking clients to simplify and streamline the way accountholders manage their finances.

Through this alliance, credit unions using Arya can allow members to automatically download current account information into Quicken Personal Finance Software. Using Open Financial Exchange accountholders can download their account statements and transaction information into Quicken. Additionally, members using Arya can leverage Mint, Intuit’s personal finance app, to track bills, budget, and receive alerts. Arya’s integration with Mint expands money management options for accountholders, so they can control their finances with their preferred money management tools.

Peachtree Corners, Ga.-based Alogent, a-payment processing solutions provider, announced a partnership with DefenseStorm, a cybersecurity and cybercompliance solutions provider for financial institutions.

Alogent indicated it has made it a priority to help customers address what can be a costly and labor-intensive challenge by partnering with a company that focuses exclusively on bringing effective and affordable cybersecurity and cybercompliance to financial institutions. DefenseStorm maintained by focusing exclusively on what credit unions and banks need it can help them effectively detect, investigate and resolve outside threats, even with constrained resources. They also streamline and simplify the process of providing evidentiary proof of cybersecurity compliance to regulators and auditors.

Denver-based, digital mortgage provider Maxwell released Maxwell ApplyID, its next generation mortgage loan application and data enrichment API. The firm said the new release enables clients to pre-populate loan application data and develop new customer intelligence capabilities.

The Maxwell ApplyID API unifies consumer data fragments from a host of sources into a structured loan application, enabling data-driven organizations to build profiles of their customers. By collecting their consent and verifying the consumer’s identity with their mobile carrier, the app gathers the borrower’s information from its network of data providers to pre-populate fields in a loan application including personal information, employment history, income, real estate owned, financial assets and more. With this new API, clients receive a completed Fannie Mae 3.2 file with minimal input from a consumer.

Irvine, Calif.-based CoreLogic announced AutomatIQ Borrower, phase one of a comprehensive new underwriting solution designed to help lenders streamline their current mortgage workflows by digitizing, standardizing and automating borrower analysis and verification. By pulling all the disparate borrower verification tools together into one integrated solution delivered from one provider.

Building off CoreLogic’s FactCheck product, the AutomatIQ Borrower solution standardizes income analysis with a comprehensive suite of consumer data and verification services. According to the firm AutomatIQ Borrower eliminates time-consuming manual tasks and workflow redundancies while helping to enable lenders to conduct reliable borrower analysis sooner in the process. This helps increase underwriter productivity and overall loan quality while reducing origination costs and time.