Fintech solution platform KeyStoneB2B has announced new optimization tools for mortgage lenders to manage transactions with financial services providers and borrowers. The technology is an order management platform that supports lenders in interfacing with a multitude of financial services providers, from appraisal management companies and title providers to employment verification, flood determination and more.
According to KeyStoneB2B, its technology automates the entire lending process for banks and mortgage lenders, including everything from simple orders to advanced assembly line, event-driven transactions.
In addition, the technology enables banks’ team members to sign on and order any products from a variety of financial services providers. Once information has been captured for a particular loan, KeyStone notes, subsequent product orders automatically pre-fill the forms for the user. Duplicate orders are identified to help lending institutions contain cost.
The KeyStoneB2B technology serves as a communications, command and control platform for lenders to optimize their ancillary product needs. The lending process automation simplifies the mortgage banking process for appraisal; credit; title; verification of employment, income and deposit; SSA-89; flood determination; automated valuation model; real estate financing; and real estate owned products.
Improvements from KeyStoneB2B’s lending process automation include lender capabilities, lower transaction fees, transaction accelerators and metrics.
“We offer compliance checking and invoice reconciliation for lenders, calculating each provider’s monthly invoice in advance, including complete management of the dispute process,” says Morell Maison, sales, marketing and digital strategist for KeyStoneB2B. “Plus, communications with a lender’s financial services providers are conducted through KeyStoneB2B’s technology, not through a flurry of emails that cannot be associated with the order, dramatically streamlining the process for all parties.”