Circle One Mortgage will use the complete, integrated end-to-end LOS system from Metavante Lending Solutions for mortgage origination, processing, underwriting and closing. The LOS will be used by Circle Oneâs loan officers, processors, closers and managers to decrease origination time and cost, while increasing borrower satisfaction and quality. Metavanteâs LOS also will enable Circle One to provide real-time product eligibility, pricing, and underwriting decisions at the point-of-sale. The integrated third-party service ordering will enable automatic and instant order of credit, automated underwriting, flood, appraisal and other services during the origination process.
âThe key factors in selecting Metavante are advanced technology and cost effectiveness,â said Gene Humphries, president of Circle One Mortgage. âThe LOS will meet our immediate needs right out-of-the-box and combined with the Workshop toolkit utility, provides us with the ability to customize at will without the expense of costly software development.â
âOur comprehensive, automated, online LOS will help improve efficiencies for Circle One Mortgage and since the technology is designed to scale, it can support the company as it continues to expand its mortgage operation,â said Cy Brinn, president of GHR Systems, a Metavante Lending Solution. âWe are pleased to work with Circle One and look forward to a long-term relationship through which we believe they should be able to significantly reduce their loan origination costs,â Brinn added.
Metavante Lending Solutions provides technology and service solutions for mortgage, home equity, consumer and indirect retail finance loan origination. Lending solutions are provided for point-of-sale origination, processing, closing, automated underwriting, decisioning, and business process management, as well as processing, settlement and document generation services. Metavante Lending Solutions products are used to better market, sell, process, and close loans through all distribution channels, including retail, wholesale, Internet, and correspondent. Metavante Lending Solutions helps clients of all sizes, from community banks to the top financial institutions in North America, including six of the top 20 U.S. mortgage lenders.