Mortgage Builder Software Adds SaaS LOS Model

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Southfield, Mich.-headquartered Mortgage Builder Software Inc., a provider of end-to-end mortgage banking software, has introduced new software as a service (SaaS) loan origination software (LOS) business model.

With the addition of a SaaS LOS offering, Mortgage Builder is one of the first LOS providers to offer three distinct business models to control loan origination costs, the company says. Mortgage Builder's SaaS-based LOS product allows lenders to pay by usage and sidestep periodic flat fee charges typically offered in an application services provider model or the higher up-front costs associated with purchase.

All three business models deliver the same, full-featured end-to-end LOS functionality and the ability to move from one business model to another with minimal effort.

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