DST Technologies Inc., Kansas City, Mo., has announced that it will integrate its business process management system with Fannie Mae's Desktop Underwriter automated underwriting engine to enable lenders to move toward straight-through processing of mortgage loans.The system will allow mortgage lenders using DU to automate the processing of mortgage loans based on DU findings and other lender-provided specifications. The company said the Automated Work Distributor BPM technology supports all aspects of the lending process, provides a secure and accurate audit trail, eliminates the need to transfer or access paper files, and allows individuals in different states and time zones to participate in a single integrated workflow. The DST system can be found online at http://www.dstawd.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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