TrustEngine focuses on the mortgage and lending industry by providing a Borrower Intelligence Platform that helps lenders increase loan applications and improve return on investment (ROI). The platform analyzes lenders' databases to identify potential loan opportunities and offers insights for better borrower engagement. TrustEngine stands out by integrating technologies from Sales Boomerang and Mortgage Coach, creating a comprehensive solution for its clients. The company's goal is to enhance loan volume for mortgage lenders and financial institutions through data-driven insights.

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Lender Price, a leading provider of mortgage pricing technology and cloud-native digital lending solutions, recently announced its latest integration partnership with TrustEngine(TM), a provider of data-driven homebuyer engagement and education solutions for lenders.

Lender Price Announces Integration with TrustEngine's Mortgage Coach to Create an Unrivaled Experience for Mortgage Originators

ELLICOTT CITY, Md., Jul 26, 2023 (SEND2PRESS NEWSWIRE) — TrustEngine(TM), a provider of data-driven homebuyer engagement and education solutions for lenders, today announced the release of its latest Mortgage Market Opportunities Report analyzing trends in the frequency of different types of mortgage opportunity alerts through June 2023.TrustEngine Chief Visionary Officer Alex Kutsishin summarized three top takeaways for mortgage lenders from this quarter’s report::* TODAY’S SELLERS ARE TOMORROW’S HOMEBUYERSNew Listing Alerts from existing mortgage customers jumped 26.23% quarter-over-quarter, signaling opportunity on the horizon for purchase-focused lenders at a time when the median existing-home sales price of $410,200 is within spitting-distance of its all-time high. But with housing inventory as tight as it is, where will these home sellers go? Real estate agents are in desperate need of lenders who can execute on strategies like these. Armed with TrustEngine’s Mortgage Coach Advice Engine, loan officers can bring creative home financing options to life in visual presentations that speed borrower understanding and commitment.* CONSUMERS ARE EAGER TO GET A HANDLE ON THEIR DEBTSRisk and Retention Alerts are down for a second consecutive quarter, echoing a macroeconomic trend of decelerating credit card debt growth as consumers try to rein in average household credit card debt of over $5,000 and total household debt of more than $100,000. Cashing out home equity to pay off higher-interest debts remains one of today’s most compelling use cases for a refinance – but do consumers still have equity to tap? While Equity Alerts fell in Q2 (down 67.79%), context is key. According to ATTOM, the overall portion of equity-rich homes (properties with loan balances less than or equal to 50% of their market value) is still about twice as high as it was three years ago, meaning almost half of homeowners still have considerable untapped wealth in their properties.* RATES ARE LOOKING A LITTLE FRIENDLIERWhile Rate Alerts and Rate-and-Term Alerts accounted for a relatively small fraction of total opportunities in Q2, their frequency increased significantly on a quarter-over-quarter basis as mortgage rates skirted just shy of 7% throughout Q2. After months of uncertainty in the analyst community, consensus opinion now calls for interest rates to drop back below 6% sometime next year – so the frequency of rate-related opportunity alerts should only continue to increase in the coming quarters.“In a market this competitive, lenders can’t afford a scattershot marketing strategy

Trustengine Releases Q2 2023 Mortgage Market Opportunities Report

OWINGS MILLS, Md., Apr 20, 2023 (SEND2PRESS NEWSWIRE) — TrustEngine(TM), a provider of data-driven homebuyer engagement and education solutions for lenders, today announced the release of Sales Boomerang’s latest Mortgage Market Opportunities Report. The Q1 2023 report indicates quarter-over-quarter improvements across all indicators of mortgage readiness, representing growth in mortgage lending opportunities.MethodologyThe Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today’s borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 150 residential mortgage lenders, a subset of its clients, that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated and compared the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the fourth quarter of 2022 and the first quarter of 2023.Key Findings**Sales Boomerang’s loan-opportunity alerts identify the contacts inside a lender’s database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q1 2023 was as follows:* Mortgage Inquiry Alert: 2.10% of monitored contacts (up 32.91% from Q4)A customer or prospect has shopped with a competitor in the last 24 hours.* EPO Alert: 1.07% of monitored contacts (up 32.01% from Q4)A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.* Credit Improvement Alert: 4.73% of monitored contacts (up 18.25% from Q4)A customer or prospect has improved their FICO score.* New Listing Alert: 0.61% of monitored contacts (up 17.31% from Q4)A customer or prospect has listed their home for sale.* Equity Alert: 5.62% of monitored contacts (up 86.71% from Q4)A customer or prospect’s home equity has increased.* Rate Alert: 0.10% of monitored contacts (up 92.00% from Q4)The interest rate of a customer or prospect’s existing mortgage is significantly higher than current prevailing rates.Sales Boomerang’s prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether the consumer is credit-qualified to apply for financing. The frequency of each alert during Q1 2023 was as follows:* Cash-Out Alert: 2.77% of monitored contacts (up 33.82% from Q4)A borrower is credit qualified and has built sufficient equity to tap into the cash in their home.* Rate-and-Term Alert: 0.11% of monitored contacts (up 120.00% from Q4)A borrower is credit qualified and can benefit from the current interest rates for a refinance.* FHA MI Removal Alert: 2.49% of monitored contacts (up 20.29% from Q4)An FHA borrower has exceeded 20% equity and can remove mortgage insurance (MI).For a subset of lenders that maintain servicing portfolios, the frequency of risk-and-retention alerts was as follows:* Risk & Retention Alert: 36.84% of monitored contacts (down 15.23% from Q4)A customer is engaging in one or more of 15 credit activities that may put their serviced loan at risk.Analysis*** Alerts went up across the board, indicating increased quarter-over-quarter loan opportunities with consumers who are actively engaged in the mortgage market as well as with consumers who may not yet realize they’ve recently become eligible for a mortgage based on available interest rates or improvements to their equity or credit positions.* Risk and Retention Alerts trended down for the first time since Q2 of last year as the pace of month-over-month credit card debt growth eased slightly in February

Sales Boomerang Releases Q1 2023 Mortgage Market Opportunities Report

TrustEngine achieves 98% customer satisfaction score under Cunningham’s leadershipELLICOTT CITY, Md. /Massachusetts Newswire – National News/ — TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, today announced Vice President of Customer Success Rachel Cunningham has been named a HousingWire 2023 Women of Influence award honoree. The Women of Influence awards program recognizes the achievements of women who are shaping the U.S. housing economy.Cunningham was recognized for making an outstanding impact on TrustEngine and its lender clients during her multi-year tenure leading customer success at the company. During the merger of Sales Boomerang and Mortgage Coach, now TrustEngine, Cunningham restructured customer success into three divisions to better serve clients under a unified brand. Her enhancements to the company’s onboarding procedures greatly accelerated implementation timelines and her coaching of the customer success team to take on an advisory approach to account management led TrustEngine to exceed retention targets

Trustengine Vp Rachel Cunningham Named To 2023 Women Of Influence List

ELLICOTT CITY, Md., Aug 01, 2023 (SEND2PRESS NEWSWIRE) — TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, today announced Vice President of Customer Success Rachel Cunningham has been named a HousingWire 2023 Women of Influence award honoree. The Women of Influence awards program recognizes the achievements of women who are shaping the U.S. housing economy.Cunningham was recognized for making an outstanding impact on TrustEngine and its lender clients during her multi-year tenure leading customer success at the company. During the merger of Sales Boomerang and Mortgage Coach, now TrustEngine, Cunningham restructured customer success into three divisions to better serve clients under a unified brand. Her enhancements to the company’s onboarding procedures greatly accelerated implementation timelines and her coaching of the customer success team to take on an advisory approach to account management led TrustEngine to exceed retention targets. Under Cunningham’s leadership, TrustEngine has achieved a 98% customer satisfaction score.As interest rates began to rise, Cunningham took proactive measures to both support lenders through a steep drop in volume as well as prevent client churn

Housingwire Honors Trustengine Vice President Rachel Cunningham As A 2023 Women Of Influence

Latest data shows quarter-over-quarter improvement across all indicators of mortgage-readinessOWINGS MILLS, Md. /Massachusetts Newswire – National News/ — TrustEngine(TM), a provider of data-driven homebuyer engagement and education solutions for lenders, today announced the release of Sales Boomerang’s latest Mortgage Market Opportunities Report. The Q1 2023 report indicates quarter-over-quarter improvements across all indicators of mortgage readiness, representing growth in mortgage lending opportunities.MethodologyThe Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today’s borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 150 residential mortgage lenders, a subset of its clients, that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated and compared the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the fourth quarter of 2022 and the first quarter of 2023.Key Findings**Sales Boomerang’s loan-opportunity alerts identify the contacts inside a lender’s database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q1 2023 was as follows:* Mortgage Inquiry Alert: 2.10% of monitored contacts (up 32.91% from Q4)A customer or prospect has shopped with a competitor in the last 24 hours.* EPO Alert: 1.07% of monitored contacts (up 32.01% from Q4)A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.* Credit Improvement Alert: 4.73% of monitored contacts (up 18.25% from Q4)A customer or prospect has improved their FICO score.* New Listing Alert: 0.61% of monitored contacts (up 17.31% from Q4)A customer or prospect has listed their home for sale.* Equity Alert: 5.62% of monitored contacts (up 86.71% from Q4)A customer or prospect’s home equity has increased.* Rate Alert: 0.10% of monitored contacts (up 92.00% from Q4)The interest rate of a customer or prospect’s existing mortgage is significantly higher than current prevailing rates.Sales Boomerang’s prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether the consumer is credit-qualified to apply for financing

Sales Boomerang Q1 2023 Mortgage Market Opportunities Report Announced By Trustengine

OWINGS MILLS, Md. /Massachusetts Newswire – National News/ — TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, has been selected as a HousingWire (HW) 2023 Tech100 Mortgage Award winner. For 11 years, the HW Tech100 Awards have recognized the most innovative technology companies in the housing economy.TrustEngine, formerly Sales Boomerang and Mortgage Coach, was recognized for its role in establishing a borrower intelligence platform (BIP) as a key component of the modern-day lender’s mortgage tech stack. By far the most comprehensive BIP on the market today, the TrustEngine Borrower Intelligence Platform drives increased loan applications, customer loyalty and team performance by collecting, enhancing and analyzing borrower data; prescribing actionable borrower opportunities; pacing opportunity delivery; guiding compelling borrower and loan officer interactions that convert; and providing comprehensive performance measurement and refinement.“By bringing world-class customer intelligence to the mortgage industry, TrustEngine is driving volume at a time when lenders need it most,” said TrustEngine CEO Rich Harris. “We are honored to be named a HousingWire Tech100 winner and gratified to see borrower intelligence platforms recognized as a permanent and essential fixture in the modern mortgage tech stack.”Among its many features and capabilities, the TrustEngine Borrower Intelligence Platform was recognized by HousingWire for empowering lenders to understand borrowers more profoundly and engage them with offers they genuinely value. By analyzing billions of first- and third-party data points, TrustEngine can help mortgage loan originators understand borrowers’ financial objectives, identify the loan products and scenarios best suited to advancing those objectives, and present that information to borrowers in a way that inspires swift action.“As someone who had a front-row seat to watch the housing economy’s tech transformation, I am increasingly in awe of the innovation we have seen from the Tech100 winners year after year,” HW Media Editor in Chief Sarah Wheeler said

Trustengine Has Been Selected As A Housingwire (Hw) 2023 Tech100 Mortgage Award Winner

Growing purchase mortgage opportunity highlights homebuyers' need for mortgage advisors who can help them navigate a low-inventory marketELLICOTT CITY, Md. /Massachusetts Newswire – National News/ — TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, today announced the release of its latest Mortgage Market Opportunities Report analyzing trends in the frequency of different types of mortgage opportunity alerts through June 2023.TrustEngine Chief Visionary Officer Alex Kutsishin summarized three top takeaways for mortgage lenders from this quarter’s report::* TODAY’S SELLERS ARE TOMORROW’S HOMEBUYERSNew Listing Alerts from existing mortgage customers jumped 26.23% quarter-over-quarter, signaling opportunity on the horizon for purchase-focused lenders at a time when the median existing-home sales price of $410,200 is within spitting-distance of its all-time high. But with housing inventory as tight as it is, where will these home sellers go? Real estate agents are in desperate need of lenders who can execute on strategies like these. Armed with TrustEngine’s Mortgage Coach Advice Engine, loan officers can bring creative home financing options to life in visual presentations that speed borrower understanding and commitment.* CONSUMERS ARE EAGER TO GET A HANDLE ON THEIR DEBTSRisk and Retention Alerts are down for a second consecutive quarter, echoing a macroeconomic trend of decelerating credit card debt growth as consumers try to rein in average household credit card debt of over $5,000 and total household debt of more than $100,000. Cashing out home equity to pay off higher-interest debts remains one of today’s most compelling use cases for a refinance – but do consumers still have equity to tap? While Equity Alerts fell in Q2 (down 67.79%), context is key. According to ATTOM, the overall portion of equity-rich homes (properties with loan balances less than or equal to 50% of their market value) is still about twice as high as it was three years ago, meaning almost half of homeowners still have considerable untapped wealth in their properties.* RATES ARE LOOKING A LITTLE FRIENDLIERWhile Rate Alerts and Rate-and-Term Alerts accounted for a relatively small fraction of total opportunities in Q2, their frequency increased significantly on a quarter-over-quarter basis as mortgage rates skirted just shy of 7% throughout Q2

Trustengine Announced The Release Of Its Latest Mortgage Market Opportunities Report Through June 2023

TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, today announced the release of Sales Boomerang’s latest Mortgage Market Opportunities Report.

Sales Boomerang releases Q1 2023 Mortgage Market Opportunities Report

OWINGS MILLS, Md., Mar 02, 2023 (SEND2PRESS NEWSWIRE) — TrustEngine™, a provider of data-driven homebuyer engagement and education solutions for lenders, has been selected as a HousingWire (HW) 2023 Tech100 Mortgage Award winner. For 11 years, the HW Tech100 Awards have recognized the most innovative technology companies in the housing economy.TrustEngine, formerly Sales Boomerang and Mortgage Coach, was recognized for its role in establishing a borrower intelligence platform (BIP) as a key component of the modern-day lender’s mortgage tech stack. By far the most comprehensive BIP on the market today, the TrustEngine Borrower Intelligence Platform drives increased loan applications, customer loyalty and team performance by collecting, enhancing and analyzing borrower data; prescribing actionable borrower opportunities; pacing opportunity delivery; guiding compelling borrower and loan officer interactions that convert; and providing comprehensive performance measurement and refinement.“By bringing world-class customer intelligence to the mortgage industry, TrustEngine is driving volume at a time when lenders need it most,” said TrustEngine CEO Rich Harris. “We are honored to be named a HousingWire Tech100 winner and gratified to see borrower intelligence platforms recognized as a permanent and essential fixture in the modern mortgage tech stack.”Among its many features and capabilities, the TrustEngine Borrower Intelligence Platform was recognized by HousingWire for empowering lenders to understand borrowers more profoundly and engage them with offers they genuinely value. By analyzing billions of first- and third-party data points, TrustEngine can help mortgage loan originators understand borrowers’ financial objectives, identify the loan products and scenarios best suited to advancing those objectives, and present that information to borrowers in a way that inspires swift action.“As someone who had a front-row seat to watch the housing economy’s tech transformation, I am increasingly in awe of the innovation we have seen from the Tech100 winners year after year,” HW Media Editor in Chief Sarah Wheeler said. “With new technologies emerging every day, I am proud to be part of this exciting journey that has positioned the industry to be more efficient, more transparent and more accessible than ever before.”For more information about HousingWire’s Tech100 Mortgage Awards and the full list of 2023 winners, visit https://www.housingwire.com.About TrustEngine:More than 200 independent mortgage companies, credit unions, banks and brokers depend on TrustEngine’s innovative solutions to unlock additional loan opportunities, increase conversion and strengthen customer loyalty through individualized, data-driven engagement and education

Trustengine Named To Housingwire’S 2023 Tech100 Mortgage List

Data-driven platform for mortgage lenders

TrustEngine

Data-driven platform for mortgage lenders

TrustEngine

Data-driven platform for mortgage lenders

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