Calyx, a provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders and brokerages nationwide, announced its Path loan origination software (LOS) is now integrated with Marksman, a product and pricing engine (PPE) from Mortech.
Path is a cloud-based solution designed to simplify the loan process while still providing lenders the controls and flexibility they need to run their business. The data-driven LOS is completely configurable to the lenders’ specific needs, including workflows, roles, organizational structure and compliance controls. As a result of this integration, Path users will now be able to seamlessly access accurate, real-time product and pricing information from leading wholesalers, correspondents and investors via the Mortech platform.
The Mortech platform automatically delivers best execution pricing with real-time rates factoring in base price, SRP, LLPA’s and profit margin. It also simultaneously compares PMI premiums and eligibility. Because the process is automated, there is no need to manually search and compare rates, fees and guidelines. Users can customize default settings to see specified loan types or rates from designated wholesalers and investors. This system also monitors investor guideline eligibility.
Mortech has an established integration in the Calyx flagship LOS, Pointand is available to all mutual users.
“We are excited to be working with Calyx to help bring simplicity and automation to our lenders workflow. 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,” says Doug Foral, General Manager at Mortech.
Thomas Hennen, Director of Strategic Partnerships at Calyx, said: “The decision to integrate with Mortech was an extremely easy one. 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.”