As developers of mortgage product and pricing engines improve their technology and integrate with other service providers, they are gaining new clients.
New features announced on Nov. 17 by Compass Analytics for its CompassPPE include expanded re-lock policies, historical originator performance data and additional lock exception automation with branch manager participation.
San Francisco-based Compass Analytics also expanded loan origination system integration capabilities and control settings for Compass PPE as well as adding new API methods that expand the API library.
A previous announcement indicated that CompassPPE has added a third-party origination portal.
Two executives joined Compass Analytics to support ongoing growth
On Nov. 17, OpenClose, which is the developer of the DecisionAssist PPE, announced that its development team was expanded by
four people.
West Palm Beach, Florida-based OpenClose recently announced that
it has integrated Timios’ service to automate the calculation of title settlement fees. In addition, Arch Mortgage Insurance Co.’s services have been integrated in OpenClose’s technology.
A partnership recently announced between Mortech’s PPE and Total Expert Inc. promises to provide lenders
with accurate, compliant mortgage rates on marketing materials such as open house fliers, postcards and emails.
Another integration announced by Mortech with MortgageHippo is intended to provide lenders with an online platform to guide borrowers through the home loan process.
But Mortech wasn’t the only
PPE provider to integrate with MortgageHippo; Optimal Blue also announced an integration. In addition, the Plano, Texas-based technology firm has integrated with Vantage Production.
LoanScorecard, which operates the Pricer1 PPE, recently said that wholesale lender MORE Lending has implemented its automated underwriting system, PPE and distribution solution.
Also signing on as a client of LoanScorecard were Native American home lender 1st Tribal Lending and correspondent lender Mid America Mortgage Inc. Correspondent.
Mortgage Daily maintains a directory of PPD providers at www.mortgagedaily.com/PricingEngineDirectory.asp.
