Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has named fintech company The Money Source (TMS) as a preferred technology partner.
As a result, MCT is now offering TMS’ subservicing platform, Servicing Intelligence Made Easy (SIME), to its client list.
SIME includes competitive pricing, no monthly minimum costs, private-label servicing and reasonable setup fees, the company says in a release.
MCT’s agreement with TMS is its second subservicing partnership.
“We’re excited to join forces with TMS as it changes the landscape of the mortgage servicing industry. This is exactly the type of innovative technology that we want to bring to our clients,” says Phil Laren, director of MSR services for MCT, in a release. “The fintech company has a proven track record of helping lenders get a real-time overview of their portfolio, helping reduce delinquencies.”
The SIME platform offers end-to-end compliance, real-time information and interactive reporting on all borrower accounts, as well as tracking capabilities that help reduce delinquent loans. It delivers real-time transparency into a lender’s loan portfolio, which, in turn, helps drastically reduce servicing costs and maximize customer service.
“It’s an honor to partner with a highly respected company like MCT,” says Darius Mirshahzadeh, CEO of TMS. “This partnership solidifies that SIME is changing the industry, with a greater emphasis on delivering a superior borrower experience and offering more control and transparency in to a lender’s servicing portfolio.”
