Skip to main content

State HFAs eager to deploy new housing bill resources

National Mortgage Professional
Jul 31, 2008

StoneWater selects MindBox Technology to deliver instant online product and pricing decisionsMortgagePress.comStoneWater Mortgage, MindBox, ARTOptimize, Power Editor, H2O Online MDA MindBox Inc., a leader in information solutions for automating complex business and decision processes, announces that StoneWater Mortgage, a national wholesale mortgage lender, has selected MindBox's ARTOptimize and Power Editor applications to manage its loan product and pricing processes. Integration of the MindBox applications into StoneWater's broker portal, called H2O Online, allows brokers to apply for mortgages on-line and receive loan approval decisions, qualifying conditions, 'best-fit' alternative loan suggestions instantly and automatically. "We are especially gratified that StoneWater chose to work with us," says Bill Richer, general manager of MDA MindBox. "Their business model mandates a flexible, rules-driven system that will instantly respond to market conditions and competitive situations. StoneWater had stringent cost and timeline concerns and our proven technologies and the strength of our resources allowed us to complete the implementation in record time." "We did significant research in identifying the right partners to integrate into our new platform and MindBox was a true standout," said Karl F.W. Young, president of StoneWater. "We quickly became very comfortable with the MindBox team and were excited to have the opportunity to work with a vendor that has played such a dominant role in developing some of the industry's leading applications." StoneWater is also using the MindBox Power Editor to manage corporate-wide underwriting rules and pricing policies "The Power Editor component gives StoneWater the ability to enter and maintain lending policies," explains Richer. "Business users can change the actual rules in the system without support from their IT department." For more information, visit www.mindbox.com or www.stonewatermortgage.com.
Published
Jul 31, 2008
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021