D+H Corporation’s MortgagebotLOS
loan origination system has been endorsed by the American Bankers Association through its Corporation for American Banking subsidiary.
“We are proud to have the ABA, an organization that represents many small, mid-sized and regional banks around the country, endorse our complete mortgage solution suite,” said Eric Cummins, senior vice president and general manager of Lending at D+H. “Many of these institutions are being challenged by alternative lenders on one side of the market, and very large financial institutions on the other.”
Not unlike D+H Expert system used here in Canada, the US system supports retail, wholesale and correspondent mortgage lending, including MortgagebotPOS
, a point of-sale solution that is also endorsed by the ABA.
The need for such software spiked once the TILA-RESPA Integrated Disclosure (TRID) regulations came into force on October 3, with the thrust of the rules ensuring clients have adequate time to review closing documents.
To earn the ABA endorsement, companies have to undergo a comprehensive due-diligence process that takes into consideration the company's financial soundness; management strength; training and support; and customer service.
“We're glad to endorse the MortgagebotLOS
solution and renew our endorsement of MortgagebotPOS
,” said Bryan Luke, chairman of ABA's Endorsed Solutions Banker Advisory Council and president and COO of Hawaii National Bank
, Honolulu. “Our members appreciate D+H's easy-to-implement, SaaS-based mortgage lending solutions. The flexible, compliant Mortgagebot solutions provide a level of confidence that bankers have everything to support their mortgage lending needs now and in the future.”
Headquartered in Toronto, Ont., D+H provides software to nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations, with more than 5,500 employees worldwide.