Neat Capital has released Neatify, a mortgage origination platform that includes a cloud-based loan origination system (LOS), an integrated product pricing and eligibility engine, and a point-of-sale application software to automate the application and documentation process.
Neat Capital’s proprietary platform algorithmically processes, underwrites, documents and produces mortgage loans, enabling the company to condense underwriting turn times to 24 hours. Neat Capital’s platform enables borrowers to receive immediate, real-time underwriting feedback at the point of application to understand income, asset and documentation requirements necessary to purchase or refinance their home.
“Today’s mortgage companies provide pretty user interfaces, but behind the scenes, they still operate and produce loans using the same antiquated mortgage tech developed in the 1990s,” says Steve Herschleb, co-founder and chief technology officer at Neat Capital. “Neat Capital has built the first new loan origination system in over a decade, and we’ve removed the menial and frustrating parts of mortgage, allowing for more efficient internal operations while creating a delightful, streamlined process for the borrower.”
Through automated pricing and underwriting, Neat Capital can provide borrowers with access to cash-like financing.
“We still see groups attempting to tie together antiquated software in a complex puzzle of what is essentially a bad database,” states Luke Johnson, co-founder and CEO at Neat Capital. “Beyond the obvious data fidelity advantages of a singular platform, Neatify is different because it is intelligent in using highly configurable software to automate the back office responsible for producing mortgages. This reimagined platform allows us to bring an absolute competitive advantage to today’s massive mortgage market.”
