Gallus Insights, a Chicago-based provider of proprietary technology that helps lenders and servicers make better decisions using internal and external data, has released an upgraded version of its cloud-based analytics platform to help clients better navigate market shifts. The latest version of the platform includes a new Home Mortgage Disclosure Act (HMDA) reporting tool and comes on the heels of $1 million in pre-seed funding.
In the normal course of business, mortgage companies create an enormous amount of new data that includes origination metrics, employee information, corporate data about earnings, investors and capital markets, and more. But most of this data resides in disparate systems and formats, including images and video, making it difficult to access, analyze and distribute across an organization without significant capital and human investment.
Using its cloud-based advanced analytics platform, Gallus connects directly with a mortgage company’s disparate internal systems and databases and turns data into insights for managers and C-Suite executives. The company’s technology brings data into a computable environment and delivers relevant, quantitative insights so real estate finance firms make better decisions.
The upgraded Gallus platform includes a beta version of a new HMDA tool to deliver competitive intelligence at the user’s fingertips. The Gallus HMDA tool allows users to pull insights on the total market, specific geographies, products, and peer lenders. Unlike other HMDA reporting methods that use static data sources and are difficult to read and understand, the new tool delivers insights in seconds with vivid detail at a level that does not exist in the market currently.