AUSTIN, Tex.—April 5, 2011—MortgageDashboard™, a leading on-demand loan origination system enabling straight-through, paperless mortgage processing for lenders, credit unions and banks, recently demonstrated what is quickly becoming one of the most important reasons leaders are seeking out Cloud-based solutions for the loan origination technology. MortgageDashboard engineers were able to make an important product update for a lender in less than one day.
At a client’s request, MortgageDashboard created an additional compliance check by changing the way all documents were generated by its integrated document preparation engine to fit the lender’s specific needs. The change was made, approved by the lender and put into production in a single day.
“This is exactly what lenders are looking for when they buy into a Cloud-based LOS,” said Rene Rodriguez, CEO of MortgageDashboard™. “Compliance is critically important to lenders right now and that won’t change in the near future. Lenders’ own compliance officers are unsure of what requirements they will need to meet in the future. When they find out, they need to know that changes to their mission critical loan origination technology can accommodate them very, very quickly. We are proud to have proven our ability to do just that.”
MortgageDashboard loan origination system was one of the industry’s first Cloud-based LOSs, though at the time it was released and became popular in the marketplace, systems delivered via the Internet were referred to as SaaS or Software as a Service offerings. As technology has evolved, MortgageDashboard has evolved with it. Today it is the mortgage industry’s leading Cloud-based LOS for mid-tier financial institutions.
MortgageDashboard™ is a Software as a Service (SaaS) company founded in 2001 to provide industry-leading on-demand solutions for the mortgage industry. MortgageDashboard™ offers an end-to-end mortgage banker system that provides lenders with on-demand tools on a pay-per-loan basis. In addition to pay-per-close software for mortgage bankers, MortgageDashboard™ provides the nation’s leading on-demand loan origination system (LOS) for Web-based, paper-less origination and processing. For more information, please call 800-209-8812 or visit www.mortgagedashboard.com.