Altisource’s loan origination software business Mortgage Builder Software introduced Architect Connect, an enhancement to its flagship loan orignation software, Architect.
According to the company, Architect Connect enables borrowers to directly interact with the system through their mobile devices, helping borrowers to save time and lenders to save money.
“Architect Connect brings borrowers into the loan experience online from wherever they happen to be, anywhere in the world,” said John Vella, chief operating officer of Mortgage Builder and Equator, both Altisource businesses.
Borrowers can upload required information, keep in touch with their lender on a 24/7 basis and check real-time loan status from their phone, tablet or computer, Vella added.
“Many tasks that used to take hours on the phone with a loan officer or a processor can now be completed on a self-service basis by the borrower using Architect Connect,” said Brian Abbott, Mortgage Builder’s director of corporate initiatives.
According the company’s release, in addition to the benefits for borrowers, lenders can offer more services via mobile devices including lead capture, prequalification and interactive loan applications, and the reporting and analytics they need to stay compliant.