Skip to main content

SunTrust Mortgage utilizes Metavante technology

NationalMortgageProfessional.com
Jul 15, 2009

Metavante, a provider of banking and payments technology, has announced that SunTrust Mortgage Inc. has successfully deployed Metavante Corporation’s online point-of-sale (POS) technology in its retail and third-party mortgage operations. Richmond, Va.-based SunTrust Mortgage is a wholly-owned subsidiary of Atlanta's SunTrust Banks Inc. SunTrust Mortgage is using Metavante’s origination platform, a comprehensive, interactive and secure system designed to provide improved loan quality controls for retail, correspondent and wholesale mortgage lending channels. The Web-based system incorporates Metavante’s automated decision engine which enables retail loan officers, origination call centers, correspondent lenders and mortgage brokers to instantly obtain information about SunTrust Mortgage’s products including eligibility, pricing and underwriting findings. Metavante’s origination technology contains pricing functionality that allows SunTrust Mortgage to provide customized, risk-adjusted pricing in an increasingly complex mortgage environment. The solution also provides integrated access to processing services and automatically generates rate sheets from the lender’s stored product guidelines. Additionally, SunTrust Mortgage uses Metavante’s fee module as part of its retail fee management system, enabling the lender to generate specific fee disclosures. In addition, Metavante provides FHA/VA (Federal Housing Administration/Veteran’s Administration) lending capabilities for SunTrust Mortgage, to support their goal of growing their government lending infrastructure. “With Metavante’s origination platform we have an enhanced ability to implement and adhere to investor guidelines and risk-based pricing,” said Sterling Edmunds, president of SunTrust Mortgage. “We are intensely focused on credit quality and the overall quality of each loan file itself, especially since the mortgage lending process has become increasingly more complex. By pushing our rules to the point-of-sale we believe that we have significantly improved the customer’s experience and are better able to present the right product at the right price from the very beginning of the application process.” “SunTrust Mortgage is one of the premier mortgage lenders in the U.S.,” said Jamie Geschke, president of Metavante Banking Solutions. “SunTrust Mortgage desired one integrated, Web-based origination platform for all of their mortgage origination channels. Our origination solution supports the banks’ requirements including an integrated product eligibility, pricing and underwriting conditions engine that empowers the user to offer appropriate loan products and complete the application process in much less time. Metavante’s origination technology is designed to enable innovative lenders like SunTrust Mortgage to achieve growth and an even higher level of operational efficiency.” For more information, visit www.suntrustmortgage.com or www.metavante.com.
Published
Jul 15, 2009
Knock Provides Home Swap To Homeowners In Chicago

Fast-growing real estate technology company, Knock, is partnering with 10 local brokerage firms to bring the Home Swap to homeowners throughout the Chicago metropolitan area.

Sales and Marketing
Jul 30, 2021
Ruoff Mortgage Announces Multi-Year Partnership With NASCAR

NASCAR and Ruoff Mortgage, a residential mortgage company, announced a multi-year partnership that will designate the company as the “Official Mortgage Partner of NASCAR.”

Sales and Marketing
Jul 16, 2021
Eye, Eye Sir

When I widened my perspective, solutions seemed to fall into place.

C-Suite Strategies
Jun 19, 2021
Balancing The Busy

What do you do when you’ve got too much business?

C-Suite Strategies
Jun 19, 2021
Face It: Prepping For Live Events

There’s still a national crisis. But mortgage conferences are returning. Here’s how to prepare.

Sales and Marketing
Jun 19, 2021
Hablar Espanol: Your Next Client Is Likely To Be Hispanic

But mortgage lenders aren’t yet prepared for big demographic shift

Sales and Marketing
Jun 19, 2021