PromonTech’s point-of-sale (POS) solution, Borrower Wallet, is now integrated with Optimal Blue‘s product and pricing engine.
That means loan officers get easy access to qualified products and rates – and consumers can easily review the types of mortgages they qualify for online.
PromonTech is the technology division of Promontory MortgagePath.
Borrower Wallet is a white-label, omni-platform POS that engages with customers using any computer or mobile device, on either a self-serve or assisted basis with a loan officer.
The secure, borrower-friendly environment is designed to build confidence and make it easy for the borrower to enter information, approve automated data collection, upload/e-send documents, sign disclosures, utilize the closing center, and stay informed throughout the loan origination journey through loan closing.
Borrower Wallet promotes both applicant self-service and values the role the loan officer plays as a trusted advisor.
Borrower Wallet offers a dashboard that shows the borrower their key metrics – credit score, debt-to-income, and loan-to-value ratios – that loan decision-makers will use to approve their loans. In addition, lenders can accommodate their applicants anytime/anywhere in a secure workspace and loan officers can be a true co-pilot by enhancing the application process and loan quality ahead of underwriting.
“In this competitive mortgage market, today’s lenders are looking to differentiate their service offering and meet new consumer demands,” says Bob Brandt, vice president of marketing and alliances at Optimal Blue, in a release. “By integrating with Optimal Blue’s advanced API, PromonTech provides lenders with the tools they need to succeed by enabling the borrower to seamlessly access accurate pricing and product selection early in the application process.”