Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

LOS Enhancements


LOS EnhancementsRecent mortgage technology activity

May 16, 2008


Improvements to loan origination systems dominated the latest round of mortgage technology advancements. Meanwhile, two U.S. banking giants have teamed up to form a new venture.

Fiserv Inc.’s easyLENDER and UniFi PRO loan origination software has been integrated with Mortgagebot LLC’s PowerSite Pro point-of-sale software solution, the Wisconsin-based companies announced. More than 150 financial institutions already use a combination of the two companies’ offerings through custom configurations. The new advanced data-integration options enable easy data sharing between the two applications.

“This integration accelerates the approval and processing of mortgage applications, eliminates redundant data entry, and virtually does away with the delays that are associated with batch processing,” the announcement said.

Calyx Software reported 12.2 million distinct business transactions occurred on 4.3 million Calyx Point loan files at 35,000 companies from January through April. Calyx added First Integrity Title Agency LLC to its Calyx Network.

Del Mar DataTrac Inc. said it has integrated QuestSoft’s Compliance EAGLE service into its Vendor Service Platform 2.0. The browser-based LOS, which has already integrated DocMagic’s loan documentation service into the platform, eliminates nearly all manual data entry into a vendor’s system.

LeadMiner software version 3.4 is being made available for free to reverse and traditional mortgage companies, GoCampaigns announced. The ability to micro-target prospects by creating customized pre-qualified offers that lead to higher response rates was touted as a feature of the software.

Mortgage leads purchased from GoCampaigns that were found using LeadMiner include a full money-back guarantee if customers are not satisfied with the results of the first campaign, the announcement said.

LION Inc. will sell its remaining loan origination technology assets for $0.5 million to OpenClose-subsidiary Beanstalk Networks Acquisition LLC, a press release Tuesday said. A majority of LION employees are expected to be retained by Beanstalk, which provides automated underwriting software, a loan pricing engine and a Web-based end-to-end mortgage-lending platform.

The deal is subject to shareholder approval.

Celink announced improvements to ReverServ, its reverse mortgage servicing platform.

“Celink installed the IBM DBII database ‘back-end’ in the last quarter of 2007,” according to the company, which claims to be the largest reverse-mortgage subservicer in the country. “This month’s transition to a new Java web-based servicing platform supports FHA HECMs, Ginnie Mae HECM securitizations, Fannie Mae Home Keepers, and other proprietary and private-label reverse mortgage products without limit. Celink is also MERS-ready.”

NorthMarq Capital Inc. has successfully implemented Financial Industry Computer Systems Inc.’s Commercial Servicer, a commercial mortgage servicing system, FICS announced. In addition, Radstar, an electronic imaging and document management system, and LoanStat, a consumer based Web application system that eliminates paper-based monthly statements, were also implemented by NorthMarq, a $36 billion servicer.

Pariter Solutions LLC has been launched as a joint venture between Bank of America Corp. and Wells Fargo & Co., a press release said. The company will enhance the automated clearing house platform, which enables mortgage servicers to debit bank accounts for monthly loan payments.

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...