Lenders One, Mortgage Builder Team For End-to-End Origination

Posted by Orb Staff on February 25, 2009 No Comments
Categories : Residential Mortgage

Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, has teamed with Mortgage Builder Software Inc., a Southfield, Mich.-based provider of loan origination software, to offer end-to-end loan functionality for Lenders One members. The partnership will give cooperative members increased productivity and reduced costs by eliminating manual processes, as well as having online accessibility to real-time data, the companies state.

‘It is important that Lenders One can provide a comprehensive suite of mortgage products to its members that will satisfy their individual needs and ensure added efficiencies, continued growth and success in their communities,’ says Luke Pille, Lenders One director of national programs. "Mortgage Builder best supports our diversity of lenders in offering compatibility with both retail and wholesale production. The company's "everything's included' approach offers electronic document management and compliant closing document generation at no extra charge, so Lenders One members can opt to pass the savings onto their borrowers and gain a competitive advantage in their markets."

Mortgage Builder's system functionality includes prequalification tools, processing, underwriting, closing, interim servicing, document tracking, secondary marketing, document imaging and more. Lenders One members using Mortgage Builder Software have accessibility to more than 60 interfaces to third-party vendors. The system provides multilevel security and audit controls for online viewing and editing of loan documents, as well as real-time pipeline management, Mortgage Builder Software adds.

SOURCES: Lenders One Mortgage Cooperative, Mortgage Builder Software Inc.

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