A mortgage service provider grabbed top honors at an annual conference hosted by IBM.
The IBM Information Management Solution Excellence Award was presented to Imagine Solutions, an announcement today from Imagine said.
The award was presented at the IBM Information on Demand Global Conference that was held from Oct. 25 to Oct. 29 in Las Vegas. Around 6,000 people attended the event.
Imagine won the award for its paperless mortgage lending solution, LoanFlow, the news release stated.
The mortgage technology provider claims its solutions have cut per-loan processing costs to about $85, reduced the cost of operations by nearly a third and “drastically” lowered overnight shipping costs.
“Our mortgage lending solutions save you in excess of $75 per loan and shorten lending cycles to days instead of weeks,” Imagine says on its Web site. “Our paperless mortgage lending solutions for branch, broker or wholesale environments allow you to … automate the packaging, shipping and storage of information for investors and third-party audits.”
Among companies that Imagine reports as customers are “North America’s largest financial institutions.”
