NMP - July 2018 - 37

FIG Partners Debuts 504
Loan Purchase Program

Visionet's AtClose
Now Compatible With
Amazon's Alexa

Visionet Systems has announced
that AtClose, its workflow-based
title production platform, now has
an integration with Alexa,
Amazon's AI-powered virtual
assistant.
"Transaction management
technology for the title industry is
necessarily complex, but finding
out how your company is doing
shouldn't be," said Norman
Gottschalk, Chief Technology
Officer at Visionet Systems. "With
AtClose, all our users need to do
is state their request and Alexa
will provide the answers that will
help them make better decisions
faster. This has long been the
promise of technology and now,
with this offering, those benefits
are finally coming to the title
industry."
The integration with Alexa is
now offered as a standard
feature of AtClose and it allows
title executives to ask their Alexa
device about closings,
remittances, and other aspects of
their title business by simply
using voice commands. The
company's performance is then
returned to them in real-time.
AtClose offers this technology
for its customers, allowing
Realtors, Lenders and even
Borrowers to use natural
language voice commands to get
the answers to their queries,
directly from their smart devices.
AtClose is available with the
option to pay as you go and
requires minimal upfront costs.
Your turn
National Mortgage Professional
Magazine invites you to submit
any information promoting new
"niche" loan programs, new
products or any other
announcement related to the
introduction of a new program, to
the attention of:

nmp news flash

continued from page 20

According to a new data
analysis from Zillow, with air
conditioning sold for 2.5 percent
more than homes without it,
averaging nearly $5,500 for the
typical home. This applies for
markets with a greater frequency
of hot weather-most notably in
San Antonio, where homes with
air conditioning sold for a 5.8
percent premium-as well as
markets where the weather is
more diverse, such as Cincinnati
with a 5.7 percent premium for
homes with air conditioning.
Furthermore, potential buyers
are especially eager for central air
conditioning. Zillow's data
confirmed that air conditioning
was listed as a required feature
by 62 percent of buyers last year,
compared to the 48 percent of
buyers eager for a private
outdoor space. The situation is
identical with renters: typical
rental on Zillow with central air
conditioning rented for 2.8
percent last year than rentals in
the same market that don't have
air conditioning, or about $40 per
month.
"With summer temperatures
hitting record highs across the
country, today's home buyer
places a premium on the onceupon-a-time luxury amenity of air
conditioning," said Zillow Senior
Economist Aaron Terrazas.
"Individual design preferences or
decorating styles might deter
buyers from certain homes, but
there is a strong consensus in
favor of air conditioning, although
in the nation's fastest-moving
markets, AC may weigh relatively
low for buyers eager to find any
home they can. In historically
more temperate climates, some
homes, especially older ones,
aren't as likely to have air
conditioning. But in places where
temperatures regularly reach
triple digits, it's hard to find a
home without air conditioning."
Mortgage Network Sponsors
Fundraiser for "Black Hawk
Down" Soldiers

New to Market column
Phone #: (516) 409-5555
E-mail:
Newsroom@MortgageNewsNetwork.com

Note: Submissions sent via e-mail
are preferred. The deadline for
submissions is the 1st of the
month prior to the target issue.

Mortgage Network Inc.
sponsored a recent fundraising
event that featured two American
soldiers who participated in the
battle that inspired the 2001 war

film "Black Hawk Down."
Retired Army Chief Warrant
Officer Gerry Izzo spoke about
his incredible pilot experience
during the Battle of Mogadishu,
the day-long fight in Somalia's
capital city in 1993 upon which
the 2001 film is based on. Local
hero and surprise guest Sgt.
Peter R. Squeglia Jr. described
his impressive involvement as
part of the 75th ranger regiment
on the ground. Following the
presentation, everyone gathered
for a meet and greet with the
soldiers.
"I was honored to learn about
the grave danger these veterans
faced and the ultimate sacrifice
some of them made," said Mary
T. Quesnel, a Mortgage Network
employee who attended the
event. "I am proud to be an
American. What they do for our
country is truly amazing."
Proceeds from the event will
be donated to Knights of Hero's
Camp, a charity for children of
fallen U.S. soldiers. The money
will be donated in honor of Lt.
Colonel Morris (Moose) Fontenot,
an Air Force pilot and
Longmeadow resident who was
killed in a plane crash near
Deerfield Valley, Va. in 2014.
"We were proud to sponsor
this event to support such a
deserving local charity that
benefits children in our
community," said Brian Koss,
Executive Vice President of
Mortgage Network. "We thank all
of our employees, their families
and our clients who made this
event a great success."
NAHREP Honors the Top 250
Latino Mortgage Originators

The National Association of
Hispanic Real Estate
Professionals (NAHREP), in
association with RADIAN, has
announced the release of its
fourth annual Top 250 Latino
Mortgage Originators Report,
recognizing the top producing
Latino mortgage professionals
across the United States. The
report ranks individual originators
based on both number and dollar
volume of transactions. For the
continued on page 80

37

n National Mortgage Professional Magazine n JULY 2018

FIG Partners, an Atlanta-based
investment banking and research
firm, has introduced an SBA 504
Loan Purchase Program that will
enable community banks to sell
first lien commercial real estate
loans originated through the Small
Business Administration's (SBA)
504 Loan Program.
The program will be available
nationwide and all commercial
property types will be considered
for eligibility. The program includes
fixed- or floating-rate options up to
a 25-year term, with a targeted
pool size up to $100 million.
Transactions are expected to close
within 30 to 45 days and loan
servicing will be released.
"FIG's SBA 504 Loan Purchase
Program is the firm's latest
solution for helping community
banks manage their balance sheet

and demonstrate liquidity," said
FIG CEO Geoffrey Hodgson. "FIG
continues to develop innovative
new services to enable
management teams to achieve all
of their strategic objectives."

NationalMortgageProfessional.com

Company Offers Online
Flood Insurance Shopping
Neptune Flood, a
St. Petersburg,
Fla.-based fintech
firm, has
launched
Neptuneflood.com,
an online
resource designed
for consumers shopping for flood
insurance.
According to the company,
homeowners can get quotes and
buy policies online in three minutes
or less, adding that policy
origination has a five-day waiting
period and doesn't require a
surveyor to visit the property in
order to generate an elevation
certificate. The company also
claims that homeowners can save
up to 25 percent off their flood
insurance when choosing their
insurance instead of the federal
government's National Flood
Insurance Program.
Neptuneflood.com is licensed to
sell flood insurance in 21 states
and is planning to add eight more
states by the end of the summer.
"We use dozens of data points
to assess the risk of flooding," said
Neptune Flooding Chief Executive
Officer Jim Albert. "This allows us
to give an instant price to
homeowners who want to buy
flood insurance. Less than 10
percent of American households
have flood insurance, when in
reality most everyone should. Now
homeowners can easily buy
coverage online-Life
Waterproofed with Neptune."


http://www.Neptuneflood.com http://www.Neptuneflood.com http://www.NationalMortgageProfessional.com

Table of Contents for the Digital Edition of NMP - July 2018

Contents
NMP - July 2018 - Cover1
NMP - July 2018 - Cover2
NMP - July 2018 - 1
NMP - July 2018 - Contents
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