Carmel, Calif.-based Blue Adobe Mortgage has selected Lender Online, a loan pricing and pipeline management tool from Sollen Technologies, an Internet-based application services provider of product, pricing and best-execution capabilities for the mortgage industry.
According to Sollen Technologies, the application allows the company's loan officers to search thousands of loan products within seconds. The product is a Web-based solution that offers a complete pipeline management system with access to multi-channel, multi-lender data from an easy-to-use interface. Lender Online allows a loan originator to verify a borrower's eligibility for products based on their specific needs, provide real-time fully adjusted pricing, manage prospects, register borrowers and submit lock requests. Loan origination and back-office systems can interface with Lender Online using XML standards.
In 2006, Blue Adobe Mortgage started a mortgage banking division and closed more than $109 million in loans through its new platform.
‘In the past six years, Blue Adobe Mortgage has grown from a single-person mortgage broker to one of the largest institutional mortgage bankers in Monterey county and Santa Cruz counties,’ notes Michel Van Hee, CEO of Sollen Technologies. ‘Sollen's Lender Online has the muscle to handle its significant growth with our product and pricing technology without compromising a reduction in productivity.’
Source: Sollen Technologies