Mortgage Daily Logo

LOS Enhancements and Advancements

Mortgage News

With the never-ending quest to provide the most comprehensive, intuitive, streamlined and technology-savvy loan origination system possible for existing and prospective clients, LOS developers are striving to provide the ultimate, most efficient and all-in-one lending solution. While some features and upgrades were made to existing systems, a couple companies launched new LOS programs. A few LOS providers actually integrated with or acquired technological components from other companies to give clients more well-rounded offerings.

In early October, Calyx Software unveiled the launch of Point and PointCentral 8.0 to help prepare clients for Calyx Mobile, a smart phone application launched last month that makes loan origination software mobile. The company said Point and Point Central 8.0, along with the account management system MyCalyx, will allow users to share information across LOS applications and gain more efficiency in workflow.

“We are excited that this release drives our clients toward the mobile technology so many of them have been asking for,” said Calyx Software’s director of marketing, Jody Collup, in an announcement. “We’re please that 8.0 provides such a springboard to help our clients increase their productivity and get the most out of the software that is so important to their business.”

Calyx, a Mortgage Daily advertiser, also announced new interfaces to the Calyx Network for its Point users. The Reliable Insurance-Additional Services menu item was added to the Interfaces menu, and the UPF Services-Flood Certification menu item was added to the Services menu, according to company announcements on Nov.2 and Oct. 2, respectively.

On Nov. 27, Radian Guaranty Inc. said it completed its integration with D+H company’s Mortgagebot, which will allow Radian mortgage insurance to be available through Mortgagebot EnterpriseLOS.

In its Sept. 25 media report, Mortgagebot claimed the adoption of the Mortgagebot Enterprise all-in-one loan processing solution by University First Federal Credit Union has increased First Federal’s loan application volume with online loan applications and put the mortgage lender on track to double its monthly loan production numbers in 90 days.

At the MBA’s 99th Annual Convention in Chicago, Blueberry Systems LLC revealed that Relay LOS users had access to eSignature and eDelivery capabilities from DocMagic to help streamline the loan origination document process and ensure compliance.

Southfield, Mich.-based Mortgage Builder announced in late October its acquisition of Denver, Colo.-based LXE Software.

In September, Mortgage Builder gave special event guests at the Millennium Hilton in New York City an advanced look at its redesigned loan origination platform called Architect. Mortgage Builder president and CEO Kevin Smith said Architect took the popularity of Mortgage Builder LOS and made it easier to use by increasing automation and providing effortless transition for current clients while lowering implementation time and costs for new clients.

LOS provider LendingQB released the results from its Enterprise Process Assessment tool on Oct. 19. Developed to help lenders make more objective technology buying decisions, the findings showed flaws in lender’s buying decisions such as tendencies to look for surface-level features, to use subjective evaluations for feature prioritization and to gather top-down versus bottom-up stakeholder input.

Late in September, LendingQB integrated its LOS with DocMagic’s document preparation and compliance technology to give LOS users an effortless compliant mortgage document process from start to finish.

Rounding out LendingQB news is the company’s early September announcement that its web-based, end-to-end LOS was selected as the platform for Fort Wayne, Ind.-based 3Rivers Federal Credit Union.

Elsewhere, mortgage software developer OpenClose broadcast announced on Oct. 4 the launch of OC Optics, a new enterprise reporting system that couples configurable dashboard management tools with management production reporting solutions to be used with the company’s LOS. Instead of having lenders cobble together a viable loan production analysis from different sources and programs, OpenClose said OC Optics brings all the information together in a single web-based solution and allows users to build a comprehensive and meaningful report without all the headache.

Prime+, the Prime Alliance Solutions mortgage lending platform, joined Mortgage Cadence LLC’s product suite and was renamed Symphony, according to a Sept. 25 media report. Mortgage Cadence claims the cloud-based platform is the first and only complete LOS with complete loan processing capability and integrated loan documents.

Amerisave Mortgage’s 10-year development of a mortgage technology platform finally came to fruition in Sept. as Morgistics, an enterprise-wide, web-based technology that manages the entire mortgage process in a paperless environment. Amerisave combined its technology and mortgage industry experience to make Morgistics easy to use and intuitive, according to the Sept. 10 report. Furthermore, previous vice president of national sales for Novo Appraisal Management Rich Kesling was named president of Morgistics.

Finally, LOS solution provider Financial Industry Computer Systems announced, in Jan., that its updates to Loan Producer, the company’s residential LOS tool, saved users loan file management time by offering a more efficient workflow on loan files and a more instinctive user interface.

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Mortgage Servicer Portfolios

servicing news | mortgages outstanding statistics | foreclosure news   Servicing Portfolios as of 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 Residential Servicing Portfolios by Servicer Last Updated December 14, 2018...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC filings | execs | m&a | production   Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move --...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Freddie Mac Profile

Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move -- which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies -- is a...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam