TORONTO, June 12, 2020 /CNW/ - Driven by its mission to empower private lenders to optimize their businesses to the highest level of efficiency, Mortgage Automator announced a new integration with Filogix, a Finastra company, that allows lenders using the Mortgage Automator software to receive mortgage applications and credit bureaus directly from mortgage brokers.
There is an increasing demand for the safeguarding of consumer information, and an ongoing demand by the mortgage industry for a secure and compliant mortgage transaction.
"We are extremely excited about this integration as we feel it is pushing our industry further in the right direction. Now, for the first time, there will be a large variety of private lenders visible to the broker market. This shift, coupled with the upcoming Equifax changes, comes at a perfect time," said Joseph Fooks, Mortgage Automator Co-Founder.
Tim Rye, Vice President, Filogix reinforced their sentiments, "We are very pleased that Mortgage Automator has joined the Filogix Marketplace, as we continue our work to provide more choice for mortgage professionals, enabling mortgage brokers and lenders to run their business their way."
When a broker using Filogix Expert or any of the POS systems using the Filogix Marketplace submits a deal to a lender that uses Mortgage Automator, the deal specifics will be automatically created in the Automator account for review. The lender can assign the new deal to individuals in their company, generate the paperwork, and return it to the broker in Filogix.
Having files sent directly into the lender's Automator account will add a boost to their operational efficiency, which is the overarching goal of all Mortgage Automator developments.
About Mortgage Automator
Mortgage Automator is an end-to-end loan origination and servicing platform that gives private lenders the tools to automate documentation, streamline communication through borrower and investor portals and automated alerts, and get more work done with the same or fewer resources.
Filogix is a Finastra company. Finastra is a global leader in financial software, with industry-leading partnerships and technologies around the world, which allows Filogix to access innovation and knowledge from around the globe, to expand its mortgage marketplace. Filogix provides trusted mortgage lending software solutions that enable the effective management of the sales process from origination through underwriting.
SOURCE Mortgage Automator
For further information: Media Contacts: Tatiana Caciur | Marketing, Mortgage Automator, [email protected]