Path Software, a provider of modern and flexible loan origination software (LOS), has developed Path Direct, a new, pre-configured version of its cloud-based LOS designed for smaller lenders, credit unions and brokers.
Path Direct delivers functionality for retail, delegated, non-delegated and correspondent lending. It is pre-configured with a standard workflow enabling a quick and simple implementation process. Lenders using this version of Path can be up and running within two to four weeks, on average. Path Direct is fully cloud-based and device-independent so that users can work from anywhere on any device at any time, increasing efficiency and productivity. In addition, Path Direct includes a built-in point-of-sale solution, allowing borrowers to interact with lenders through a branded, custom landing page where they can complete a loan application and upload supporting documentation.
The new LOS complements Path Software’s existing and industry-leading LOS, Path Enterprise, which is designed for larger financial institutions.
“Our new Path Direct LOS is a real game changer for the industry and the thousands of smaller lenders that need an affordable, complete LOS,” said Joy Ziminskas, Director of Business Development at Path Software. “Path Direct is ideal for a current lender that’s spending too much on a legacy LOS and who needs a better more efficient solution. It’s also the perfect point of entry for a new lender or broker who sees opportunities in the mortgage space. We created Path Direct to respond to the industry’s very real need for a simplified mortgage loan origination software that is cost-effective and still provides necessary controls and flexibility.” As with Path Enterprise, Path Direct provides full access to leading industry vendors that are integrated into the Path platform.
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