San Diego-based Guild Mortgage is getting a leg-up on its competition with the launch of MyMortgage, a digital mortgage portal built on Roostify’s secure, cloud-based technology platform.
The launch means borrowers using Guild Mortgage can now quickly and easily complete an application, upload their own income and asset information, and get pre-approved for a mortgage in just minutes, from the device of their choice.
The all-digital mortgage platform eliminates the need to fax, email or deliver hard copies of documents – plus, its automated underwriting engine ensures that borrowers are presented with the loan options that make the most sense.
Guild says the point is to combine “a paperless loan application with a personalized mortgage experience.”
“MyMortgage is a state-of-the-art digital mortgage experience for the consumers of 2020 and beyond,” says Mary Ann McGarry, president and CEO of Guild Mortgage, in a release. “A mortgage is such a personal transaction. Beyond the use of technology to make the loan process more efficient, we will continue to assist our borrowers with real people – experts dedicated to helping borrowers through what is often the biggest transaction of their lives.”
“Through MyMortgage, our systems can instantly access more accurate and reliable information from validated documentation earlier in the loan process,” adds Catherine Blocker, executive vice president of production operations. “This enables a faster and more reliable prequalification and then accelerates the underwriting and decision-making process.”