LOS Trends

Integra Software Systems, a loan origination software (LOS), announces a highly successful two years in operation with Peoples Bank, a Clifton, TN Community Bank expanding throughout the southwest part of Middle Tennessee.  While many lenders, both large and small, have seen significant reduction in lending volume due to economic factors, in contrast, Peoples Bank has significantly increased their loan production by over 50% and attributes some of that growth to the partnership with Integra and the efficiencies of their LOS choice, Epic.

Chevron Federal Credit Union (Chevron FCU), a credit union based in Concord, California, has successfully implemented Blue Sage Solutions’ fully cloud-based Digital Lending Platform. This milestone enables Chevron Federal Credit Union and Spectrum Credit Union to streamline the home financing experience for its members while enhancing efficiency through its entire loan origination process. In addition to leveraging all components of the Blue Sage LOS platform, the credit union implemented Blue Sage’s LION Consumer POS, ensuring members can check rates, apply, and get approved for mortgages from any device.

Dark Matter Technologies has enhanced the Loan Assumptions feature in the Empower® loan origination system (LOS) that make it easier for mortgage lenders and servicers to transfer assumable mortgages to new homebuyers.

Dark Matter Technologies (Dark Matter) welcomed Truity Credit Union (Truity) as the latest financial institution to select the Empower® loan origination system. A member-owned credit union with locations in Oklahoma, Kansas and Texas, Truity will leverage the Empower LOS to provide loan officers and members a modern, mobile-friendly experience across home purchase, refi, home-equity and construction loan originations.

Dark Matter Technologies (Dark Matter), a loan origination software provider, announced the implementation of the Empower loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

First Community Mortgage (FCM), a wholly owned subsidiary of First Community Bank of Tennessee, marked a significant milestone by fully implementing the Blue Sage Digital Lending Platform and LION Consumer POS. With this strategic move, the Murfreesboro-based lender has modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers.

Vesta, a national loan origination system (LOS) provider, has announced its integration with the Optimal Blue PPE, a widely used product, pricing, and eligibility engine in the mortgage industry.

Mortgage Cadence, an Accenture (NYSE: ACN) company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021 and then rolled out two significant updates in 2022 and 2023. With this fourth milestone release, Mortgage Cadence changes the frequency of new releases and lets lenders choose to implement new updates immediately or later. This approach drives greater user adoption and eliminates disruptions that software updates may have caused in the past.

Dark Matter Technologies (Dark Matter) announced the availability of a new, automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Vanderbilt Mortgage & Finance, Inc. (Vanderbilt Mortgage), a national home lender, has chosen the Mortgage Cadence Platform (MCP) by Mortgage Cadence, a subsidiary of Accenture (NYSE: ACN), as its Loan Origination System (LOS) to deliver a more modernized experience for its customers.