Brand mortgage group selects Sollen Technologies to provide product and testingMortgagePress.comoriginating loans, loan pricing, pipeline management, price quote
Sollen Technologies, an Internet-based application services
provider of product, pricing and best execution capabilities for
the mortgage industry, has been chosen by Duluth, Ga.- based Brand
Mortgage to use its loan pricing and pipeline management tool,
Lender Online. The application allows the company's loan officers
to sift through thousands of products to determine eligibility and
locate the best price, within seconds.
Prior to using Sollen's Web-based technology, Brand relied on
pricing each investor individually which took more time and could
lead to pricing errors. According to Stephanie Kennedy, Brand
Mortgage senior vice president, ease of use and Sollen's ability to
accommodate their needs by adding all of Brand's key investors to
their database, were the main reasons for selecting the PPE
provider.
"We now have a tool that allows our loan officers to receive a
price quote in less than a minute," said Kennedy. "Sollen's
technology has taken seven steps and combined them into one easy
platform. As a result, the borrower benefits from our efficiency
and we are confident that we are offering them the best pricing for
the loan products available."
Sollen's Lender Online tool is a Web-based solution that offers
a complete pipeline management system with access to multi-channel,
multi-lender data from an easy-to-use interface. Lender Online
allows a loan originator to verify a borrower's eligibility for
products based on their specific needs and can provide real-time
fully adjusted pricing. Loan origination and back office systems
can interface with Lender Online using XML standards.
"Brand Mortgage has grown significantly since its inception in
2006 and needed a product and pricing technology that could handle
the increased workload," said Michel Van Hee, CEO of Sollen
Technologies. "Sollen's Lender Online provides them with the
capabilities to pull pricing from each of their investors
instantly, increasing productivity. Our mission is to give
originators the ability to position themselves in today's highly
competitive marketplace while improving their operations. We look
forward to working with Brand Mortgage and assisting them with
their product and pricing needs." For more information, call
800.582.1074 or visit www.sollen.com.
