Addison, Texas-based Mortgage Machine Services, a provider of digital origination technology to residential mortgage lenders, has launched of its namesake platform Mortgage Machine, a loan origination system (LOS) designed to accelerate lenders’ operational velocity and support an end-to-end digital origination process.
Developed by digital mortgage pioneer and industry veteran Jeff Bode, Mortgage Machine is designed to simplify complex mortgage processes and consolidate disjointed operations by leveraging workflow automation, compliance assurance and digital enhancements to create a seamless lending experience. The LOS features AI-powered task automation, a scalable cloud-based infrastructure and flexible API capabilities, along with pre-configured workflows tailored for retail and wholesale loan processes document management and point-of-sale functions, and end-to-end support throughout the lifecycle of a residential mortgage loan.
The LOS also provides all-in-one eClosing functionality, including an eClose room, eNotes, eVault and remote online notarization (RON). The platform also includes SMART Doc data and security standards from the Mortgage Industry Standards Maintenance Organization (MISMO), enabling lenders to utilize this electronic document format throughout the entire lending process and even into loan servicing.
“The LOS is the operational linchpin for every mortgage business, but most LOS platforms on the market today were not designed to support a fully digital origination process,” Bode said. “As a result, lenders often have to retrofit their existing LOS or work around its limitations to achieve their digital goals. Mortgage Machine was intentionally designed with a digital process in mind, giving lenders the ability to ‘plug n’ play’ and move faster than ever, and has been battle tested inside a digital-first mortgage lender to ensure it can provide the necessary lift lenders need to make the move to eMortgages.”
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