Skip to main content

CUNA forms alliance with Freddie Mac

National Mortgage Professional
Jun 30, 2008

Mortgagebot announces alliance partnership with Harland Financial SolutionsMortgagePress.comInternet, PowerSite, Web-based loan origination system Recent market research indicates that more than 70 percent of all consumers who search for low mortgage rates begin their quest on the Internet. And despite current market challenges, the Internet channel is growing—in some market segments, as many as one-fourth of all lenders now originate more than half of their loan volume online. In response to this market trend, Mortgagebot LLC is pleased to announce a preferred referral partnership with Harland Financial Solutions Inc. Under the terms of the agreement, Harland Financial Solutions will recommend Mortgagebot PowerSite, a Web-based loan origination system, to its clients and prospects as a preferred solution. Mortgagebot PowerSite is a solution for consumer-direct, Internet-based loan origination, currently automating the mortgage-application process for nearly 800 lenders nationwide. The PowerSite product serves as a lender's mortgage Web site, taking applications directly from consumers 24 hours a day, seven days a week, 365 days a year; and enabling branch, call center and other non-mortgage staff to take mortgage applications with minimal training. PowerSite's interactive functionality enables borrowers to complete an application and get pre-approved with full disclosures in 20 minutes or less. And because PowerSite is deployed over the Internet, there is no PC software for lenders to install or maintain. "To compete successfully in the Internet age, our clients are extending their mortgage businesses onto the Web. This alliance enables us to readily offer one of the most advanced mortgage-application technologies and further support our clients' efforts to enhance the loan origination process by taking advantage of the online mortgage channel," said J.R. Clemons, president of risk management and compliance solutions for Harland Financial Solutions. This partnership also enables PowerSite users to implement automated integration software that enables the application data collected by PowerSite to be automatically transferred to Harland Financial Solutions' mortgage solution and loan documentation products, including Interlinq E3, Interlinq MortgageWare and LaserPro Residential Real Estate Mortgage. For more information, visit www.mortgagebot.com or www.harlandfinancialsolutions.com.
Published
Jun 30, 2008
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021