Mortgage Technology magazine, an Origination News affiliate, presented its 12th annual awards last month.
The awards have a long tradition in the mortgage finance and technology industries for recognizing innovative technology developers and users that are promoting more efficient and cost-effective lending practices. Mortgage Technology's editorial staff determined the winners with adherence to standards of objectivity and unbiased conduct.
This year's awards included two new categories, the Online Originator Award and the Harnessing Mobile Award. Continuing on an evolution of the awards that began two years ago, three were reserved to recognize lenders and servicers, while the remaining awards were geared toward vendors and individuals.
More than 50 companies and individuals received nominations.
The judges selected up to three finalists in each category as revealed in August, with the winners named during the awards ceremony. During the ceremony, a video highlighted the merits and accomplishments of each finalist. The videos are available at mortgage-technology.com. For more information about any of the winners, please read the October electronic edition of Mortgage Technology, also available online.
The winners were as follows:
10X Award: This award commends a company, product or technology that's had an exponential impact. Winner: Aklero Risk Analytics, Fort Washington, Pa.
Fix-It Award: This award recognizes technology that provides an effective solution to a specific industry problem, need or channel. Winner: Blackbox Logic, Denver.
Green Lender Award: This award commends the use of technology to promote sustainable and environmentally conscious business practices. Winner: Starkey Mortgage, Plano, Texas.
Harnessing Mobile Award: This award commends the development and implementation of mobile technology. Winner: Zillow, Seattle.
Lasting Impact Award: This award acknowledges an individual, group or company responsible for a technology initiative or development proven to have an enduring influence that's transformed mortgage finance. Winner: Cogent QC Systems, San Francisco.
Online Originator Award: This award commends a lender with a comprehensive strategy to use Web-based technologies to generate borrower leads and convert them into closed loans. Winner: Quicken Loans, Detroit
Release of the Year Award: This award recognizes a new software, platform, alliance or initiative that's expected to have the broadest future impact. Winner: DocVelocity, Troy, Mich.
Servicer of the Year Award: This award recognizes a servicer using technology to optimize management of performing and/or distressed portfolios that ensures efficient communication with borrowers, investors and the mortgage servicing support industry. Winner: ServiceLink LoanCare Servicing, Virginia Beach, Va.
Steve Fraser Visionary Award: This award is a lifetime achievement award that recognizes the accomplishments of an outstanding mortgage technology innovator, visionary or evangelizer. Winner: Nancy Alley, vice president and general manager, Xerox Mortgage Services, Alpharetta, Ga.
Synergy Award: This award recognizes technology initiatives and alliances that promote integration of software and processes to promote automation, efficiency and broad mortgage industry use. Winners: Equifax, Atlanta and Interthinx, Agoura Hills, Calif.
