Top 5 Mortgage Platforms and Why They Matter to Your Title Company

Did you pay attention to the World Series recently? Or maybe basketball’s your game? No matter what your favorite team sport, you probably have a great appreciation for when a team comes together, everyone doing their own part and function as one cohesive unit. It doesn’t happen all the time but when it does, it’s something to notice and talk about for years to come.

The same can be said of the home buying process. When all of the home-buying industry professionals are working together, not just towards the end goal of a satisfied customer, but also working together with the tools they use and integrating the technology they employ, they achieve the best in customer service and efficiency.

Here are some of the top platforms used during the home buying process.

Top Mortgage Platforms

1. Encompass

Encompass by Ellie Mae was designed to provide a fully connected experience with one system of record for all of your loan data. This helps in reviewing compliance, ensuring quality and improving efficiency at every stage of your loan process. Components of the software include a CRM (customer relationship management), point of sale, processing, underwriting, closing and funding, and post closing and shipping.  

2. Calyx

Calyx Software® was developed by mortgage professionals and is one of the top providers of affordable mortgage solutions for lenders. It’s a comprehensive system that combines loan origination software with electronic document management, as well as underwriting and secondary marketing. It also allows access to a network of over 200 vendors, closing documents, compliance services and more that help make processing and reporting easy and accurate.

3. BytePro

BytePro Loan Origination Software is designed to work within a mortgage company’s workflow whether they are in retail, wholesale, or correspondent channels. It offers compliance checks, HUD-1 fee tolerance tracking, fraud reports, and audit trails. In addition to compliance tools, the system handles document imaging, secondary marketing, web portals, and compliance audits.

4. Lending QB

LendingQB is known for its “Lean Lending Solution.” Part of that is a service-oriented architecture, which promotes integration with other outside systems inside of the LendingQB platform. The company also offers Lean Lending Playbooks to help maximize efficiencies and streamline a lender’s process.

5. LoanCommander

LoanCommander was also built by mortgage professionals and allows users to track the loan progress in real time, knowing the status of every loan in the pipeline at one glance. In addition to its processing pipeline status report, it features a compliance checklist, calendar with event management, and a paperless office and loan log among its web-based tools.

If you want to see a flawless performance by your home buying team, select a title company that is integrated with the top mortgage loan platforms. Bay National Title Company believes in offering a paperless closing and in order to do that we are integrated with the very best software and technology in the industry. Contact us today and we’ll show you how an integrated solution can make the home buying process more efficient and enjoyable. Let us be part of your dream team.