Flagstar’s DocVelocity 3.0 Wins “Release of the Year” Award from Mortgage Technology Magazine: DocVelocity 3.0 was named “Release of the Year” by Mortgage Technology magazine at the publication’s recent annual Tech Awards ceremony in Chicago. DocVelocity is a Web-based paperless processing system for mortgage bankers and brokers developed by a wholly owned subsidiary of Flagstar Bancorp Inc. (NYSE: FBC). The Release of the Year Award recognizes a new software, platform, alliance, or initiative that is expected to have the broadest future impact on the mortgage industry. DocVelocity previously won the award in 2008, its first year of operation. Additionally, in 2010 DocVelocity was named a finalist for two other awards by Mortgage Technology magazine: the 10X award and the Lasting Impact award, both of which relate to the power of the technology to affect mortgage lending. The 3.0 version of DocVelocity offers two new features: DocVelocity Threads and an enhanced desktop functionality. Threads is an online customer portal that connects everyone involved in the processing of a loan, from the originator’s staff to the borrower and third parties such as the title and appraisal companies. The new 3.0 desktop combines the scalability and flexibility of a Web-based application with the speed and power of a desktop application, thus making it faster and more efficient for users to navigate and organize documents. DocVelocity is the flagship product of Paperless Office Solutions Inc., a wholly owned subsidiary of Flagstar Bancorp. For more information, please call (877) 362-8356 or visit docvelocity.com.
Dingell Web Site Named Among Congress’ Best: U.S. Rep. John Dingell (D-Dearborn) Monday received the “112th Congress Gold Mouse Award” for having one of the best Web sites on Capitol Hill. The award was given by the Congressional Management Foundation, a nonpartisan nonprofit working to improve communications between citizens and Congress and enhance operations in Capitol Hill offices. CMF has assessed and graded congressional Web sites and issued these awards since 2001. Of the 618 congressional websites graded, a total of 98 personal office, committee and leadership websites earned A’s, and will therefore receive a Platinum, Gold, Silver or Bronze Mouse Award. With the assistance and guidance of faculty from the University of California-Riverside, the Ohio State University, and Northeastern University, CMF staff assessed and graded the websites and gave each a numerical score, which was translated into a grade of A through F. This is the third award Rep.Dingell has received from CMF for his site. He received a bronze award in 2007, and a gold award in 2009. CMF conducted its analysis from June to September. The report identified recent trends related to online communications in Congress, including the fact that a significant number of House and Senate Member websites lacked basic educational and transparency features including: links to bills sponsored and cosponsored, voting records, and basic information on how a bill becomes a law. In general, new House members’ sites scored better than new Senators’ sites. The organization said that while there was general parity overall in quality of Web sites between Democrats and Republican members, the best Web sites tended to be Democratic members. A total of 92 criteria were used to grade personal office sites, 66 criteria for committee sites, and 53 criteria for leadership sites. Reviewers assessed 10 categories of criteria: usability of website; timeliness of content; breadth and depth of information on issues; constituent services and casework information; promoting accountability to constituents; legislative process information; district/state information; floor proceedings information; availability of diverse forms of content; and availability of diverse forms of content channels. CMF reviewers also included social media components in the criteria. More at www.house.gov/dingell.