MEQUON, Wis. — Current and prospective clients of Open SolutionsInc. (www.opensolutions.com) will now be offered theconsumer-direct, Web-based loan origination system from Mortgagebot(www.mortgagebot.com), the companies said.
|The Wisconsin company's solution said its consumer-direct systemalready is in place at more than 750 lenders, including nearly halfof the country's 100 largest credit unions and savings institutionsand one third of the 100 largest commercial banks.
|Nearly 50 Open Solutions clients already run the MortgagebotPowerSite online lending Web site, the Connecticut-based coreprocessor said.
|Mortgagebot also provides a solution that allows loan officersto take applications by phone, in the branch or by laptop from aremote application. Both solutions allow applicants to getpre-approved and receive full disclosures in 20 minutes or less,the company said.
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