Mortgage Builder Software, a provider of loan origination software (LOS), has completed two new integrations.
The company has integrated with product eligibility and pricing (PPE) technology provider NYLX, of Mt. Arlington, N.J. The partnership results in a new level of sophistication for price decisioning, allowing mortgage lenders to achieve the best possible pricing for loan products, the companies say.
Mortgage Builder has also formed a strategic alliance with subservicer Cenlar FSB to provide a seamless process for boarding closed mortgage loans from its LOS system directly to the Cenlar servicing platform. The new association began with both companies' relationship with the Lenders One Mortgage Cooperative.
Lenders One members use Cenlar's capabilities for private-label subservicing on a variety of mortgages they originate. Mortgage Builder is a preferred LOS software choice for Lenders One members.
"Through this integration with Cenlar, Mortgage Builder users can immediately place loans on the industry-leading subservicer's system, taking virtually all of the human error out of the process," says Keven Smith, Mortgage Builder's president and CEO. "It makes a key part of the servicing-retained strategy much simpler for lenders of all sizes."
"Our relationship with Mortgage Builder makes it fast and effortless to board loans to Cenlar's platform, avoiding the "fat finger mistakes' that come with manual data re-keying,’ says Lori Pinto, Cenlar's senior vice president of business development.
SOURCE: Mortgage Builder Software