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Mortech, a Zillow Group business that offers technology solutions for mortgage bankers and secondary market teams, announced Tuesday that they will be integrating mortgage pricing and loan technologies with Calyx Software.
According to the announcement, Mortech’s product and pricing engine (PPE) and secondary marketing solutions will now operate alongside Calyx’s Point and PointCentral (Point) loan origination software (LOS).
The integration is expected to allow Point users access to Mortech's mortgage product and eligibility information and compare loan prices from more than 400 investor sheets.
The combined mortgage tools will be offered through the Calyx interface.
“In today’s competitive market place, closing loan transactions quickly and efficiently is critical and lenders are increasingly looking for technology solutions to help streamline the loan process,” said Doug Foral, General Manager at Mortech. “By aligning the Mortech and Calyx Software offerings, we are providing our customers with the mortgage automation solutions they seek to optimize their day-to-day workflow, bringing simplicity to the complex mortgage environment and ultimately, delivering a technological solution to allow our customers to close more loans more quickly.”
Mortech also noted that the integration will give consumers instant access to its pricing, including loan specific rate, profit and adjustment information, along with automating the lock request process by seamlessly transferring borrower scenario data between Marksman and Point. In addition, the new system combination will reduce the chance of error by removing data re-entry and improving loan-processing automation through multi-system interoperability.
“At Calyx, we’re continually enhancing our software and adding quality technology partners to our network to offer a competitive edge to our mortgage banking and broker clients,” said Dennis Boggs, executive vice president of business development at Calyx Software. “Integrating Mortech’s product and pricing engine into our platform will simplify the searching process for our users and provide them access to pricing from Mortech’s extensive portfolio of supported wholesale and correspondent programs.”
Editor's Note: An earlier version of this article showed that Mortech and Calyx were "merging" their mortgage pricing and loan technologies. The companies are in fact "integrating" mortgage pricing and loan technologies.
