Mortgage Automation Technologies launches agent platform to help with NAR settlement compliance

By Housing News


Fintech
software

and
hardware
provider

Mortgage
Automation
Technologies

is
launching

The
BIG
Agent
,
a
transaction
management
platform
for
real
estate
brokers
and
agents. 

In
an
announcement
on
Friday,
Mortgage
Automation
Technologies
said
the
platform
is
being
launched
from
the
same
loan
origination
system
solutions
that
facilitated
the
implementation
of
the

Dodd-Frank
Act

and
the

TILA-RESPA
Integrated
Disclosures
(TRID)
.
According
to
the
news
release,
The
BIG
Agent
provides
real
estate
professionals
with
a
way
to
deal
with
the
implementation
of
the


National
Association
of
Realtors’
 (NAR) commission
lawsuit
 settlement
agreement
 and
new
state
regulations. 

The
BIG
Agent
is
a
consumer-agent-broker
collaboration
portal,
which
enables
users
to
access
buyer
agency
agreements,
e-signature
contracts,
disclaimers,
offer
management
and
compensation
disclosures.
Users
can
send
documents
to
clients’
phones
for
e-signature
tasks. 

“The
BIG
Agent
was
developed
to
address
complex
issues
arising
from
recent
industry
changes.
By
reverse
engineering
proven
technology
from
our
industry
counterparts,
we
have
quickly
delivered
a
functional
product
that
tackles
the
challenges
agents
are
beginning
to
face,”

Matt


VanFossen
,
the
CEO
of
Mortgage
Automation
Technologies,
said
in
a
statement.

In
addition
to
helping
brokers
track
consumer
data
while
managing
buyer
agency
agreements
and
disclosures,
the
platform
also
gives
users
a
QR
code
to
streamline
the
open
house
check-in
process. 

 

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