Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has been chosen by Duluth, Ga.-based Brand Mortgage to use its loan pricing and pipeline management tool, Lender Online. According to Sollen, the application allows the company's loan officers to sift through thousands of products to determine eligibility and locate the best price, within seconds.
Prior to using Sollen's Web-based technology, Brand Mortgage relied on pricing each investor individually. According to Stephanie Kennedy, Brand Mortgage senior vice president, ease of use and Sollen's ability to accommodate the company's needs by adding all of Brand's key investors to its database were the main reasons for selecting the PPE provider.
Sollen's Lender Online tool 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 borrowers' eligibility for products based on their specific needs and can provide real-time, fully adjusted pricing, the company adds. Loan origination and back-office systems can interface with Lender Online using XML standards.
Source: Sollen Technologies