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.
