Mortgage PPEs Enhanced, Implemented by Lenders
Recent improvements to product-and-pricing engines
Aug. 26, 2016
By SAM GARCIA Mortgage Daily
Mortgage technology service providers have teamed up to enhance product-and-pricing engines and improve the lending process. Mobile adaptation is behind some of the enhancements.
A new technology partnership will make Optimal Blue’s pricing services available to industry professionals and consumers through the SimpleNexus mobile platform, a news release said.
Plano, Texas-based Optimal Blue claims that the partnership will give loan originators the tools they need to be more efficient in nurturing clientele and facilitating all phases of the loan process.
The alliance is in response to “unprecedented demand for pricing through mobile platforms,” the statement said.
Zillow subsidiary Mortech said Tuesday that its PPE has been integrated with Daric point-of-sale and application automation software.
The integration promises to streamline the mortgage process by allowing borrowers to complete loan applications through Daric’s online mortgage origination solution.
“Having accurate pricing built into the application builds borrower trust and streamlines the lender origination process,” Daric Chief Technology Officer Vasant Ramachandran said in the news release.
A mobile web pricing integration was recently announced between LoanTek Inc. and Lender411.
The custom integrations allow real estate agents, builders and mortgage clients to shop and affirm their mortgage selections in a mobile marketplace.
“The integration creates a robust, mobile-compliant solution that will meet the needs of millennial mortgage consumers,” LoanTek.com Chief Executive Officer Adam Stein stated in the news release. “It’s a turnkey digital solution for the market that builds trust and enables user-friendly consumption of mortgage services.”
Wholesale mortgage lender All Credit Considered Mortgage Inc. has selected LO Connect as its integrated automated underwriting system, PPE and distribution solution, LoanScoreCard announced on July 25.
LO Connect reportedly enables third-party originators to see branded product-and-pricing offers from participating wholesalers within the Point loan origination system through an integration with Calyx Software.
LO Connect was introduced on July 12 as an integrated automated distribution solution for aggregators and wholesale lenders sourcing non-agency loans from TPOs and correspondents.
“From an originator’s perspective, it helps the lender determine who to sell specific loans to and which investors to develop a relationship with,” a July 12 announcement said. “It also eliminates the likelihood that the originator will quote the wrong information to the borrower.”
