Data Integration Sharpens Competitive Edge
As home prices continue to decline at the hands of an adjusting housing market, providers of accurate, up-to-date pricing data aim to keep brokers, originators and lenders informed and to keep competition sharp. Internet-based application service provider Sollen Technologies today unveiled the integration of its product eligibility and pricing service and Calyx Software's loan origination and processing platform. The partnership merges Sollen's application eligibility and pricing data into Calyx's loan originating software. Mortgage bankers, correspondent lenders and other users of Calyx's Point platform may now access Sollen's accurate, up-to-date pricing data to keep informed of mortgage product pricing and to engage in informed competition. The integration aims to save time and manpower by providing accessibility of the data directly through Calyx's platform, in turn allowing originators and lenders to operate more efficiently. "All of this is based on the elimination of repetitive data entry and the smooth data flow into the subsequent steps of the mortgage process," Sollen CEO Michel Van Hee says in a press statement today. Write to Diana Golobay.