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Mortgagebot LLC Announces Technology Partnership With COCC
Jun 13, 2011

Mortgagebot LLC has announced a new marketing referral agreement with Avon, Conn.-based COCC, a provider of technology services to banks and credit unions in the Northeastern U.S. Under the terms of the agreement, COCC will recommend the integrated, multi-channel Mortgagebot PowerSite point-of-sale (POS) platform to its clients and prospects as a preferred solution. “Mortgage lenders are increasingly adopting advanced POS automation to reduce costs, increase efficiency, and provide better service,” said Matt Cotter, vice president and chief sales officer of Mortgagebot LLC. “Our new alliance with COCC enables even more financial institutions to gain easy access to solutions that can help them be more competitive and more profitable.” PowerSite is an integrated point-of-sale (IPOS) platform with award-winning, “smart” application technology that enables online consumers, branch staff, call-center representatives, and loan officers to complete error-free mortgage applications in as little as 20 minutes—thus significantly accelerating the lending process, maximizing productivity, and reducing per-loan costs. “Advanced, integrated technology solutions are key to our clients’ competitiveness,” said Joe Trafton, senior vice president at COCC. “Because Mortgagebot PowerSite integrates with our next-generation technology platform, it can help increase our clients’ market reach, improve their productivity, and enable them to automate the mortgage-application process across multiple POS channels. Our new marketing relationship with Mortgagebot further enhances our reputation for delivering innovation to the financial industry.” In addition, COCC clients that license PowerSite have the option to further boost their efficiency by implementing automated integration software, which enables PowerSite-collected applications to be automatically transferred to a wide range of loan origination software (LOS) systems.
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