Financial Funding Solutions Inc., a brokerage and correspondent lender that operates in Arizona, Colorado, Illinois, Iowa, Kansas, Nebraska, Texas, Utah and Wyoming, is now using PathSoftware, a new cloud-based loan origination system (LOS) from CalyxSoftware.
In a release, Anne Marie Lee, director of builder/real estate sales and marketing for Financial Funding Solutions, says the firm selected PathSoftware for its “multi-channel origination capabilities and structured workflows, as well as the ability to access it anywhere.”
“We’re confident this will make us more productive and better able to serve our customers,” Lee says.
PathSoftware was designed to simplify and streamline mid-tier to enterprise-level, multi-channel loan origination, Calyx says in its release. As a portal with a single point of entry, all loan data, lock data, products, pricing, automated underwriting system findings, disclosure documents, compliance assurances and closing documents emanate and are reconciled within one system.
This enhances visibility and improves productivity across multiple business channels, such as wholesale, retail and correspondent, the firm claims.
Path is also the first completely data-driven, not form-driven, LOS. It collects all of the borrower and property information individually and then uses those fields to populate forms.