FinTech

Mortgage Tech Rundown: Calyx, Roostify, and Quicken Loans

The latest in mortgage and real estate technology

Calyx, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, announced it has enhanced Zip, the company’s point-of-sale platform.

Zip is a loan interview platform that allows borrowers to monitor application progression online or via any mobile device. In a press release, the company said the new enhancements include a borrower dashboard, as well as a document upload feature.

Additionally, the platform will now include borrower questions to support HELOC origination, as well as refinance and home equity options for second homes and investor properties.

“The latest enhancements to Zip allow loan originators to provide a borrower experience that is transparent, engaging and convenient,” said Sung Park, senior vice president of development at Calyx. “In addition, the enhancements also enable banks and credit unions to add proven, easy-to-use technology to their home equity and investor lending programs.”

Digital lending platform Roostify announced an expanded relationship with Optimal Blue, a provider of secondary marketing automation to the mortgage industry.

According to the company, the partnership aims to enable Roostify to further automate the digital lending experience for its clients by embedding Optimal Blue’s pricing capabilities directly into its platform.

The integration will also provide loan officers access to product and pricing information, allowing them to seamlessly share data with borrowers through a fully mobile-optimized solution, the company said.

“Optimal Blue is committed to working with technology-forward partners that truly understand the incredible value of delivering accurate product and pricing to all relevant access points within the loan lifecycle,” said Bob Brandt, vice president of marketing and strategic alliances at Optimal Blue. “We are pleased to expand our relationship with Roostify as they leverage our robust APIs to improve the digital mortgage experience for lenders and their clients.”

Quicken Loans has extended its contract with Black Knight to continue using the company’s MSP servicing system. The company also said it has plans to add more Black Knight solutions to its roster.

Beyond this, the partnership between the companies is expanding as Black Knight has purchased Quicken Loans “Cyclops” mortgage servicing customer relationship management software.

“The Cyclops software provides a number of tools Quicken Loans uses to meet the needs of today’s mortgage consumers,” Black Knight said in a statement. “This software suite will serve as the foundation for a highly advanced customer service solution that Black Knight will be offering to clients of its industry-leading MSP servicing system.”

Once integrated into Black Knight’s offerings, the “Cyclops” software allows Black Knight to provide “highly personalized information about loans, homes and neighborhoods.”

According to the companies, the new software will provide consumers with a tailored experience, therefore enhancing the overall lending process.

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