Bank Chose Web-based Solution for Balance of Efficiency, Effectiveness
LAKE MARY, FL, Aug. 26, 2014 /CNW/ - DH Corporation (TSX: DH) ("D+H" or
"Company") today announced that Bank Mutual, the largest bank based in
Milwaukee, Wis., has selected its Mortgagebot® end-to-end mortgage loan
origination platform, which includes MortgagebotLOS™, the all-in-one loan origination system, and MortgagebotPOS™ for taking applications through every point-of-sale channel.
Although Bank Mutual had been using an automated, customized loan
processing solution for years, fast-moving changes in compliance and
regulations were proving how inefficient and cumbersome it had become.
Rather than accepting the limitations of its old system, Bank Mutual
decided to replace its current technology with an end-to-end solution
that offers the very latest in accessibility, efficiency, compliance
Leading the search was Dan Mekemson, a long-time veteran of the mortgage
industry and senior vice president and director of mortgage lending.
"Our key driver was to select a system that promoted more effective and
efficient customer service. D+H's Mortgagebot solution offers the full
front-to-back, integrated system we were looking for; in addition to
customer service, its reputation for uptime and client focus is
outstanding within the industry."
Mekemson is also a fan of the SaaS model. "Using antiquated systems or
developing your own LOS can be a risk. It might not work, and keeping
pace with the implementation of new rules is a real challenge. By using
a SaaS provider, you diminish this risk. The work is done for you, and
D+H has a great reputation for professional results and knowledge of
the industry," continued Mekemsom.
In addition, Mekemson was pleased to find that a feature-rich solution
like Mortgagebot provides a financially reasonable alternative to the
competition. Not only were start-up and usage costs attractive, but its
seamless integration between application, origination and processing
steps reduce the chance for input errors, make sharing of documentation
effortless, and keep the lines of communication flowing between loan
officers and customers - which is critical in the highly competitive
mortgage industry. "It's a 24/7 world, and our loan officers are in
touch at all times. Now they can service customers in person and
remotely," said Mekemson.
"We are pleased to add Bank Mutual to the growing list of financial
institutions that have embraced the Mortgagebot platform to support
their entire origination lifecycle," said Scott Hansen, senior vice
president of marketing, D+H. "By choosing to adopt the entire
Mortgagebot solution, Bank Mutual will be well-positioned to provide
its customers with the best mortgage lending experience possible."
D+H is a leading provider of secure and reliable technology solutions to
domestic and global financial institutions with a reputation for being
a trusted partner that helps clients build deeper, more profitable
relationships with their customers based on rich industry and market
insight, and consumer knowledge. Today, approximately 7,000 banks,
specialty lenders, community banks and credit unions rely on D+H to
deliver solutions across three broad service areas: Banking Technology
Solutions, Lending Solutions, and Payments Solutions. Our integrated,
compliant technology solutions enable clients to grow, compete, and
optimize their operations, while our forward looking approach helps
them stay ahead of the market and anticipate changing consumer needs.
D+H is one of the world's top FinTech companies as measured on the
FinTech 100 list.
DH Corporation is listed on the Toronto Stock Exchange under the symbol
DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by DH Corporation with the
securities regulatory authorities at www.sedar.com.
SOURCE: DH Corporation
For further information:
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Stacey Leone, Director, Public Relations
Phone: (407) 804-6653