Dark Matter Technologies has added a new loan origination system to its lineup: The NOVA LOS.
The NOVA LOS provides a reliable, cost-effective solution with minimal administrative overhead that is ideal for smaller lenders, the company says in a release.
Dark Matter claims it is the first company to offer two distinct LOS product offerings to distinct customer bases.
While some tech providers have configured an existing product to serve a specific market (i.e., Floify Broker Edition, Blend IMB Essentials), no one company offers LOSs with separate codebases to cater to market segments by lender growth/size/complexity.
NOVA LOS was acquired by Dark Matter’s parent company in 2019.
By aligning NOVA LOS and Empower under Dark Matter, the company can serve more lenders with an LOS best suited to their needs.
“With the alignment of the Empower LOS and the NOVA LOS under the Dark Matter brand, we’re creating a powerhouse in loan origination technology,” says Sean Dugan, chief revenue officer at Dark Matter, in a release. “Andromeda, a division of the Perseus Operating Group of CSI, has strategically acquired two platforms that each serve distinct segments of the market, and by organizing both platforms under Dark Matter leadership, we can leverage over three decades of experience to partner with lenders choosing the product best suited to navigating their unique needs and challenges.”
“The addition of the NOVA LOS further cements our commitment to delivering flexible and innovative solutions,” adds Frank Poiesz, president of Constellation Mortgage Solutions. “By aligning with the Empower LOS, we are providing an ecosystem of solutions that support lenders at any stage of growth, backed by the extensive resources of Dark Matter.”
The Empower LOS is designed for lenders looking to scale by offering extensive exception-based workflows, comprehensive automation and the flexibility to adapt to complex operational models.