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PCLender.com announces integration with Mortgagebot

Sep 17, 2009

PClender.com Inc. has announced a comprehensive integration and a new preferred referral alliance with Mortgagebot LLC, a provider of multi-channel point-of-sale (POS) mortgage-automation solutions. Both companies are established leaders in the growing trend of mortgage lenders using “hosted," Web-based technology to reduce expenses and improve service, compliance and security. Like PCLender’s InHouse Mortgage system, Mortgagebot PowerSite is a hosted, software-as-a-service (SaaS)-based solution. As such, both Mortgagebot and PCLender.com products can be conveniently and cost-effectively deployed and updated via the Internet; with no server-based software for lenders to install or maintain. A good example of a lender that benefits from the PowerSite/InHouse Mortgage System integration is Salt Lake City-based Mountain America Credit Union (MACU), a $2.8 billion-asset organization with 322,000 members and 63 offices in four western states. “We were a satisfied customer of Mortgagebot for many years when we went shopping for a new mortgage LOS,” said Brandon Bartholomew, MACU’s Secondary Market Manager. “And now that we’ve linked PowerSite directly with the InHouse Mortgage solution, both our members and our loan officers benefit. It’s fast and simple for members to complete applications online; and because the data flows seamlessly into our LOS, redundant data entry is eliminated and our loan officers gain immediate access to submitted applications—which makes them more productive.” “Today’s market needs efficient, affordable mortgage automation,” said Sean Dugan, vice president of sales and marketing at PCLender.com. “The integration of PowerSite with ourWeb-based LOS platform provides lenders with a robust, highly compliant, and cost-effective solution that can handle every aspect of the mortgage lending process.” PCLender’s “enterprise” LOS platform enables lenders to manage the entire lifecycle of a loan, from marketing and origination through closing, secondary marketing, loan-level reconciliation, and post-closing—ensuring full regulatory compliance. “Mortgage lenders are increasingly turning to advanced POS automation as a way to reduce costs, increase efficiency, and provide better service,” said Dan Welbaum, chief marketing officer of Mortgagebot. “Our new alliance with PCLender enables even more banks and credit unions to gain easy access to mortgage POS technology that can make them more competitive—and more profitable.” InHouse Mortgage System users that license PowerSite also have the option to further boost efficiency by implementing automated integration software, which enables PowerSite application data to be automatically transferred directly into the InHouse Mortgage system. The two companies already have several mutual clients that benefit from this linkage. For more information, visit www.pclender.com or www.mortgagebot.com.  
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