Calyx announced its Path loan origination software (LOS) has been integrated with Marksman, a product and pricing engine offered by Mortech.
Path is a cloud-based solution lenders can use to simplify the loan process and still maintain controls and flexibility to run their businesses. According to the release, the data-driven LOS is customizable to suit the lender’s specific needs, such as workflows and compliance controls. With this new venture with Mortech, Path users now are able to access accurate, real-time product and pricing information for leading wholesalers, correspondents, and investors.
“We are excited to be working with Calyx to help bring simplicity and automation to our lenders’ workflow,” Doug Foral, general manager at Mortech, said in a release. “By providing access to real-time mortgage offers, we enable a more streamlined approach for borrowers searching and comparing rates. In today’s high-volume origination environment, automation is more important now than ever.”
Mortech’s platform, Marksman, “automatically delivers best execution pricing with real-time rates factoring in base price, SRP, LLPA’s and profit margin.” It also compares PMI premiums and eligibility. Users also can customize their settings to show specified loan types or rates from designated wholesalers and investors.
“The decision to integrate with Mortech was an extremely easy one,” Thomas Hennen, Calyx director of strategic partnerships, said. “The company is a leader in automation and is known for its competitive pricing and dedicated customer service. Also, in a category where implementation can run 150 to 180 days, Mortech is able to onboard lenders as fast as two to three weeks.”