Home Point Financial Corporation
has announced an expanded partnership with Capsilon
, a provider of mortgage automation software. Home Point chose Capsilon to eliminate bottlenecks in the loan process, boost productivity and reduce risks.
The Capsilon IQ platform was integrated with a proprietary tool called Automated File Intake for Home Point’s Correspondent channel. Capsilon IQ was also rolled out across their wholesale channel.
"Capsilon has been an innovative partner throughout this process. Their understanding of the mortgage business helped us build a customized solution that boosts productivity across channels,” said Maria Fregosi, Chief Capital Markets Officer at Home Point Financial. “We look forward to continuing our relationship with Capsilon to help provide a better experience for our lender partners.”
Home Point reduced Delegated Correspondent purchase review time by 33 percent through integration with Capsilon IQ, improving operational efficiency and delivering a better experience for its clients.
“Home Point Financial is changing how mortgages are delivered,” said Jim Obsitnik, Capsilon’s Chief Operating Officer. “We’re thrilled to partner with them to help deploy a new way of operating that harnesses the power of data to improve the mortgage process.”