A Significant LOS Development

*A Significant LOS Development*
**By Tony Garritano**

***A few journalist were invited to a special event hosted at the Millennium Hilton in New York City. It was a wonderful location with a view of Ground Zero. I was excited to be invited. But I have to say, the company was even better. At the event Mortgage Builder, a loan origination and servicing software (LOS and LSS) provider, gave us an advance look at its newly redesigned origination platform. I know what you’re thinking. You’re saying, “It’s just another LOS.” In this case I beg to differ and here’s why:

****First off, the next generation Mortgage Builder LOS bears a new name – the first name change in 14 years for the company’s flagship product. Known since 1998 as Mortgage Builder, the new platform is called Architect. Mortgage Builder has been working on the new and improved platform for nearly two years in preparation for its industry-wide rollout next month.

****The re-architecture of Mortgage Builder’s core LOS solution includes a forward-looking plan and takes advantage of the most current technology available. The structure of Architect is built using WCF (Windows Communication Foundation), WPF (Windows Presentation Foundation), and XAML, all on a .NET framework. The new infrastructure of Architect will allow for continued growth in the platform as the industry and client needs change.

****Kelli Himebaugh, corporate vice president at Mortgage Builder comments, “With this new technology, we will be able to make swift changes for our customers system-wide as well as at the individual client level. This will greatly decrease time to delivery for product enhancements and client customizations.”

****“We took our time to make certain that we got it right,” says Keven Smith, Mortgage Builder president and CEO. “Architect builds on the popularity of the classic Mortgage Builder LOS and makes it even easier to use, with increased automation, a modern visual aesthetic that creates a more efficient working environment, and a seamless transition for current customers. At the same time, Architect is built to lower implementation timeframes and costs for new clients with its cloud-based engineering and additional features.”

****So, why do I think this is significant? LOS systems are being stressed these days. They are being literally forced to morph with new regulation and such. The problem is that it’s hard to make an old legacy LOS system more modern and up to date. The fact that despite all of the money Mortgage Builder is being forced to invest into their system just to keep up with change, Mortgage Builder has decided to invest even more in rewriting the system shows in my mind that this is a company dedicated to the business of lending, which is something that is not lost or dismissed by lenders looking for a strong LOS partner.

****Jamie Zaborowski, LOS manager at University Lending Group LLC in Michigan, and user of the Mortgage Builder LOS, comments, “Service is everything in our business, and Mortgage Builder’s been helping us deliver excellent customer experiences for a long time. With the additional ease of Architect’s new user interface and its increased automation, we’re looking forward to new efficiencies and a greater competitive edge. It’s an impressive platform.”

****The same foundation technology is also being extended to its loan servicing software system, G/Serv. These infrastructure changes for the G/Serv platform are scheduled for completion early next year.

****Architect is joined by Blueprint, its advanced electronic document management (EDM) module for paperless lending and digital file delivery ease, and Surveyance, Mortgage Builder’s web-based loan originator portal, featuring highly useful mobile applications components to maximize field time for loan officers and others. Both modules have been redesigned to work flawlessly within Architect, and have been renamed accordingly to reflect their recent enhancements and expanded functionality.

****“We’ve always understood the importance of fast response and ease of use,” says Smith. “We’ve designed Architect for lenders that need extraordinary performance at a reasonable cost in order to compete with their big bank competitors. It’s our focus and we never lose sight of it,” he emphasizes.

****On another note, Smith also teased us journalists at the event announcing that Mortgage Builder is in the throws of making another acquisition. As we at PROGRESS in Lending reported first, earlier this year Mortgage Builder acquired servicing company GCC to become a total lending platform. Smith said that another acquisition is likely to close within the next month and Mortgage Builder is looking at even more possible future acquisitions. Stay tuned …

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.