Origence launched its mortgage lending platform, the company announced in a release, saying it was designed to handle all a company’s digital mortgage needs.
The automated platform enables lenders to streamline the mortgage process, improve efficiency, increase sales opportunities and deliver a better borrower experience.
The Origence platform is an end-to-end system that combines powerful point-of-sale and origination tools to accelerate a lender’s loan production and improve closing rates, while significantly reducing costs, the company said.
“For years, lenders have been searching for a new mortgage platform that is capable of doing much more than current loan origination system offerings, most of which were created years ago,” Origence President and Chief Product Officer Roger Hull said in the release. “As a thriving fintech company with a team of hundreds, we’ve leveraged our considerable resources to create a platform that can power a lender’s business for years to come – one that delivers an optimal digital experience for both lenders and borrowers alike.”
By bringing digital automation front and center to the mortgage lending process, the company said its Origence platform solves four common pain points lenders face –sub-optimal pull through rates, decreased productivity, rising costs and increasing borrower demand for a better mortgage experience.
“The platform provides everything lenders need to accelerate and enhance their customer experience, including tools that automate the borrower's application process and overall lending journey. As a true, end-to-end solution, the platform also provides point-of-sale and fulfilment tools that empower lenders to reduce friction in the mortgage process,” the company said.
“The lenders we are talking to are excited about the Origence platform's automation features,” Hull said.
Origence is a leading provider of lending technology and solutions to the financial services industry.