In Connecticut, Total Mortgage Services, LLC announced the launch of its end-to-end mortgage processing platform: Total Mortgage Processing.
The new platform is designed to aid mortgage lenders, community banks, credit unions, and third party originators in producing more loans, scaling capacity to market demands, increasing profitability, and enhancing service levels.
"Mortgage processing as a service will become a more important processing model as the cost of originating a mortgage increases due to numerous factors including regulatory compliance," said Total Mortgage president John Walsh. "Total Mortgage Processing is an on-demand solution to help mortgage originators remain competitive, fully compliant, mitigate risk and own the client relationship under their own terms."
Capable of supporting retail and wholesale channel originators through existing networks or preferred service providers, Total Mortgage Processing is completely customizable and includes a number of features and benefits, including: seamless coordination of loans through an automated underwriting system, automated and streamlined processes from setup to funding, and the ability to order and monitor third-party services, such as appraisals, credit updates, and more.
"Our centralized solution, run by experienced mortgage executives, specializes in managing the mortgage lending value chain through various market cycles without any disruption to an organization's core business or service and personnel levels," Walsh added.