Nationstar Mortgage Selects Overture’s Mozart Decision Engine

Posted by Orb Staff on August 13, 2008 No Comments
Categories : Residential Mortgage

Nationstar Mortgage, a mortgage lender headquartered in Dallas, has selected Overture Technologies' Mozart Decision Engine and Mozart point-of-sale user interface as its direct-to-consumer application intake and enterprise best-fit and automated underwriting decisioning engine for its new retail operations.

Nationstar Mortgage plans to continue to expand into the market using its centralized lending platform licensed to originate conforming and Federal Housing Administration loans in 47 states. The company plans to go live later this month.

‘This is obviously an important decision for Nationstar Mortgage, and we fully intend to utilize a platform that sustains our key competitive advantage of delivering best-in-class service and efficiency,’ states Peter Schwartz, chief information officer at Nationstar. ‘One of the key aspects of our plan is having a technology that will give our loan officers clear and efficient visibility of all available eligible programs and prices.’

According to Overture, to better facilitate the rapid implementation of Mozart, Nationstar Mortgage took advantage of Overture's Rapid Solution Session, a functional pilot process that enables both Overture and the client company to quickly identify the parameters and precise actions necessary to achieve a fully functional solution prior to committing to the relationship.

Source: Overture Technologies

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