Honolulu-based mortgage software developer PCLender.com will integrate its products with those of Mequon, Wis.-based mortgage software developer Mortgagebot through a referral alliance the two companies announced Monday.
The two companies’ products use Web-based technology to implement the services they provide. Because the products, known in the industry as “software-as-a-service,” are managed and accessed through the Internet, they are easily upgraded, the companies said.
Salt Lake City-based Mountain America Credit Union, an organization with a $2.8 billion-asset portfolio and 322,000 members with branches throughout the southwest, implemented the combined systems in its mortgage origination department.
“Our new alliance with PCLender enables even more banks and credit unions to gain easy access to mortgage point of sale technology that can make them more competitive — and more profitable,” said Mortgagebot chief marketing officer Dan Welbaum.
Write to Austin Kilgore.
- MBA: mortgage loan applications down 1.5% from prior week 9 comment(s)
- Amherst: 'Relatively Few' Loans Will Qualify for FHA Short Refi Program 7 comment(s)
- FHA Short Refinancing Program Likely to Have Low Impact on Housing: KBW 4 comment(s)
- Several Factors Could Limit Reach of FHA Short Refi Program 4 comment(s)
- HUD awards another $1billion in NSP funding 3 comment(s)
- Distressed Commercial Properties to Rise Fastest in US and Ireland, Finds RICS 2 comment(s)
- BofA ML Closes $92m Reverse Mortgage Securitization 2 comment(s)
- 'Overwhelming Supply' Affecting Housing Market: Radar Logic 2 comment(s)
- HAMP remains incapable of filling the imminent default gap 2 comment(s)
- Bernanke says stopping housing bubble was not an option 2 comment(s)
