Promontory MortgagePath, LLC announced its mortgage fulfillment services and proprietary point-of-sale technology known as Borrower Wallet has been officially endorsed by the Oklahoma Bankers Association (OBA).
“OBA’s mission is to ensure Oklahoma’s robust banking community possesses the tools it needs to support its communities, and few support a community like increased homeownership,” OBA President and CEO Adrian Beverage said in a release. “Promontory MortgagePath’s mortgage technology and fulfillment services will deepen our community banks’ capacities to serve their communities while also providing stability and longevity through increased access to homeownership.”
The recognition of Promontory MortgagePath’s technology and services is because of their ability to help OBA members reduce mortgage origination expenses while allowing them to retain a full mortgage product suite. By shifting fixed mortgage-operations costs to the variable cost model offered by Promontory MortgagePath, community banks can augment their staffing needs to match the ebb and flow of the mortgage market, the release stated.
“Our solution amplifies a core strength of community banks – outstanding customer service – by adding a digital platform and comprehensive fulfillment services,” Paul Katz, Promontory MortgagePath managing director and head of bank relations, said. “We’re excited to partner with OBA to bring a profitable, efficient, and compliant mortgage solution to its member banks.”