The Mortgage Collaborative (TMC) has recently partnered with LoanPASS, a cloud-based product and pricing engine (PPE), to provide its members with access to innovative mortgage technology. LoanPASS is a multi-faceted loan decisioning platform that caters to various lending sectors, including mortgage investors, independent mortgage bankers, banks, credit unions, and private lenders.
One of the standout features of LoanPASS is its speed and configurability. The platform was built from the ground up using modern programming language, allowing it to handle complex mortgages as well as consumer, personal, business, and commercial loans. This flexibility makes it an ideal solution for TMC’s diverse member base.
Bill Mitchell, the Chief Revenue Officer for LoanPASS, highlights the system’s no-code administration as another key differentiator. This means that lenders can easily customize and configure LoanPASS without the need for extensive coding knowledge or support. The platform’s rules-based loan decisioning engine is also a first in the industry, pushing the boundaries of mortgage technology.
TMC is excited to welcome LoanPASS as its newest preferred partner, as it offers its members access to this cutting-edge PPE. Tom Gallucci, Senior Vice President at TMC, describes the partnership with LoanPASS as a testament to TMC’s commitment to providing its members with the most innovative and reliable solutions in the industry.
The Mortgage Collaborative, based in San Diego, California, was founded in 2013 with the goal of empowering mortgage lenders across the country. The organization aims to improve financial execution, reduce costs, enhance expertise, and improve compliance for its members. Additionally, TMC helps its members navigate the dynamic and constantly evolving consumer base in America.
By partnering with LoanPASS, TMC further extends its suite of technology solutions available to its members. This collaboration enables mortgage lenders to leverage LoanPASS’s advanced functionality and streamline their loan origination process. With access to this state-of-the-art product and pricing engine, TMC members can make more informed decisions and provide enhanced service to their borrowers.
In conclusion, the partnership between The Mortgage Collaborative and LoanPASS brings together two industry leaders focused on driving innovation in the mortgage technology space. Through this collaboration, TMC’s members gain access to a modern, fast, and configurable PPE that can handle a wide range of lending products. This strategic alliance reinforces TMC’s commitment to empowering its members with cutting-edge tools and solutions to thrive in the ever-changing mortgage industry.