The latest briefs from the world of mortgage technology…
CCMC to Build Software Integrations for Calyx
Technology provider CCMC will build bridge software for third party software to connect to the mortgage origination technology of Calyx Software through a recently inked strategic alliance between Altamonte Springs, Fla.-based CCMC and Dallas-based Calyx.
The technology will provide integrations between Calyx’s Point and PointCentral and specialty third-party mortgage marketing, prequalification, origination and processing software products. CCMC will also offer Calyx clients integration software to connect the mortgage software to financial institutions’ other software.
Mortgage Builder, PowerLender Add Doc Integration to LOS
The Associated Software Consultants loan origination system now supports integration with the document preparation technology of LenderLive Network.
The integration between Middleburg Heights, Ohio-based ASC’s PowerLender platform and Denver-based LenderLive’s Guardian Mortgage Document software is based on the Mortgage Industry Standards Maintenance Organization’s version 2.6 specifications. It is already in use by First Eastern Mortgage, a subsidiary of First Federal Savings Bank of Boston.
With the integration, lenders like First Eastern export MISMO-formatted loan and borrower data to Guardian, which generates the documents. PowerLender can then import the MISMO-formatted documents back into the LOS to assist loan officers and underwriters in completing the mortgage closing process.
In another similar integration, the Mortgage Builder loan origination system now supports integration with the Miracle Online document preparation technology of MRG Document Technologies.
The integration lets users of Southfield, Mich.-based Mortgage Builder’s software-as-a-service LOS pull mortgage docs prepared by Dallas-based MRG’s attorneys from within the Mortgage Builder environment.
FICS Adds Business Rules Engine to LOS
Financial Industry Computer Systems recently released Rules OnDemand, a business rules engine for its Loan Producer LOS.
The technology allows lenders to create custom business logic policies. This allows lenders to set company-specific compliance and quality control checks in its origination workflow.
