Financial institutions are constantly looking to streamline and accelerate their documentation processes, and the market for these software solutions is a competitive one. Mequon, Wis.-based Mortgagebot recently expanded its PowerSite line of software products. Lake Mary, Fla.-based software and services supplier Harland Financial Solutions announced Tuesday it will expand its preferred referral partnership with Mortgagebot to include those new products. Mortgagebot’s original software targets borrowers that want a self-serve, Web-based mortgage application. The two new products are intended for professional loan officers, bank branches and call centers. MortgageBot said its products’ automated systems streamline the application process and helps institutions facilitate higher application volumes. When a firm uses all three products, the software trio creates an “integrated point of sale,” or IPOS, said Mortgagebot’s chief marketing officer, Dan Welbaum, in a company release. “The IPOS approach to automating the mortgage-application process enables lenders to empower every consumer-facing associate to take complete, error-free applications in minutes,” Welbaum said. “By automating every POS channel — the branch, call center, or the loan officer’s desk — lenders may never need to turn away mortgage applicants due to staffing limitations. Plus, they can handle spikes in volume without adding staff.” Write to Austin Kilgore.
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