PCLender.com, Mortgagebot Form Product Alliance
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.