Combining an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, Promontory MortgagePath gives community lenders the progressive technology and scalability required to power digital transformation in the rapidly evolving mortgage marketplace. Banks can harness the power of analytics-ready data with real-time reporting and transparent pipeline and performance management. Its proprietary point-of-sale technology Borrower Wallet is redefining the lending experience by offering functionality specifically designed to improve efficiency and create a superior user experience for both borrowers and loan officers. This advanced, white-label tech tool creates a shared workspace for community-focused lending institutions and their mortgage applicants to collaborate throughout the loan journey, resulting in greater pull-through for lenders while providing consumers with a modern, fully online lending experience.
- Community lenders that have utilized Borrower Wallet in conjunction with PMP’s mortgage fulfillment services have experienced a 75% increase in the average number of loan applications taken per month, with month-over-month increases reaching as high as 255%.
- Lenders have also seen a 13% reduction in the number of days from application to closing and a 60% decrease in investor delivery cycle times.
- Application pull-through rate for clients is 86%, demonstrating the overall quality of initial loan applications.