Enhancements to a loan origination system have thrust a technology provider into the fastest-growing club. One LOS developer has integrated the services of two mortgage insurance companies, and two have scored new clients.
LOS provider Ellie Mae Inc. reported last month that it was
named to Deloitte’s Technology Fast 500. The achievement was due to 180 percent revenue growth from 2013 to 2016.
Increased adoption of the Pleasanton, California-based firm’s services and enhancements to it Encompass product was behind the revenue growth, according to Ellie Mae President and Chief Executive Officer Jonathan Corr.
“Since our launch of the Encompass Lending Platform, more lenders have begun to use our solutions to close more loans, lower costs and reduce time to close loans,” Corr said.
Last week, a news release indicated that Mortgages USA has signed on as an Encompass customer.
Robotic capabilities have been added to
LoanSphere Empower LOS, Black Knight said in a Nov. 30 statement. The enhancement promises to help clients maximize automation and enhance overall operational efficiencies throughout the loan production process.
According to Jacksonville, Florida-based Black Knight,
the new capabilities are designed to facilitate automated processing of certain tasks based on the lender’s configuration without the need for human intervention. This is known as “lights-out processing.”
On Wednesday, Black Knight announced that Cathay Bank will become of user of LoanSphere Empower. Cathay will leverage Empower Now!, a lower-cost implementation approach designed specifically for mid-tier financial institutions.
Byte Software has recently announced that Arch Mortgage Insurance Co., Floify and Radian Guaranty Inc. have all integrated their services into its BytePro LOS.
A partnership announced last month between LendingQB and Blend is intended to enable lenders to easily deploy a digital mortgage experience for borrowers and loan officers.
