Promontory MortgagePath

2021 HW Tech100

Leverages technology to engineer a faster, simpler, more-inclusive and scalable mortgage process from start to finish

Promontory MortgagePath-2021 Tech100 winners-mortgage

Promontory MortgagePath (PMP) is leveraging dynamic technology to fundamentally change the way lenders approach their mortgage business. PMP combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to power digital transformation in the rapidly evolving mortgage marketplace. PMP is simplifying and automating problems in the fulfillment space that, to-date, have been complicated and manual. By integrating disparate systems — like underwriting and compliance — and new technologies like optical character recognition (OCR), PMP helps clients conduct more business in a more efficient manner. Increased regulation and other processing costs have driven most smaller banks out of the mortgage origination business. Through its technology and mortgage fulfillment solutions, PMP provides the scale and cost efficiencies that previously only existed at larger banks. With PMP, community lenders can continue to offer personalized service to their communities at a cost that allows them to compete with big brands.

  • Enabled lenders to easily manage triple-digit quarter-over quarter volume growth, included a 186% increase in Q3 vs Q2
  • Increased PMP client pull-through rate by 30%
  • Reduced investor delivery cycle times for PMP’s clients by 60%

Company Website:

http://www.mortgagepath.com

Markets Served:

Loan Origination

Company HQ:

Danbury, CT

3d rendering of a row of luxury townhouses along a street

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