Origence said that New American Funding (NAF) has selected the Origence platform as its new mortgage loan origination system, the company announced in a release.
The Origence platform provides lenders a mortgage lending platform that offers a point-of-sale (POS) and loan origination system (LOS) to increase purchase close rates and throughput while reducing lenders' cost and cycle time. Origence is a comprehensive platform that can scale services to fit the evolving needs of mortgage lenders, significantly reducing manual work and risk.
“We are extremely excited about selecting the Origence platform for our new mortgage loan origination system,” New American Funding CEO Rick Arvielo said in the release. “The platform is designed to improve efficiencies and help simplify the loan application process for everyone. By collaborating with Origence, we are now able to improve the overall borrower experience and help them achieve homeownership faster.”
The end-to-end LOS solution offers point-of-sale and fulfilment systems focused on reducing friction in the mortgage process, while simultaneously increasing pull-through rates through marketing automation.
“We are taking the lead to provide not only a new type of experience for lenders, but also a dramatically improved experience for borrowers,” Origence President and Chief Product Officer Roger Hull said.
Origence is a leading provider of lending technology and solutions to the financial services industry.