FHA Lender Puts Focus On Underwriting Resource

Motivity Solutions here has launched LenderBuilt, a venture the company calls a "visionary" technology co-development initiative that offers midsize mortgage bankers the option to update their existing mortgage tools, technology platform and overall business performance using modest resource investments.

"Lenders with a long-term vision realize that now is the time to step back and completely re-evaluate their technology needs, then map out a strategic vision for the future," said Motivity Solutions CEO Tyler Sherman. "Innovative technology is available to help companies take a quantum leap towards becoming more efficient, more nimble and ultimately more profitable."

Motivity Solutions was launched by the founders of Watermark Financial Partners, a $1.5 billion per year private mortgage banking firm and the seventh largest FHA lender in the country when it was sold in 2004. According to company executives, Motivity is building on the proven efficiency of Watermark's proprietary technology platform and business process automation to provide customized platforms.

Motivity Solutions is focused on working directly with mortgage bankers to co-develop solutions that will boost their productivity and return on investment using existing software resources. Through LenderBuilt, the company started a nationwide search to identify leading mortgage bankers interested in participating in the development of various Movation modules that ideally suit midsized bankers with between 50 and 200 employees, who originate 100 or more units monthly through multiple branches and origination channels. Participating lenders will assist Motivity Solutions in mapping core processes and business objectives.

"We are seeking leading mortgage bankers to co-develop Movation in an actual production environment," said Motivity Solutions president and COO, Todd Sherman. "Our success in developing a proprietary end-to-end system for Watermark Financial Partners made it clear that there is no better laboratory for cutting edge mortgage banking software than the real world of mortgage lending."

While recognizing that upgrading technology and restructuring entire systems is indispensable for lenders in the current market, "the challenge comes down to finding the money to make the necessary shift," he said, and LenderBuilt accommodates a select group of mortgage bankers. (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com/ http://www.sourcemedia.com/

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