Mortgage Software Solutions Blog

5 Ways Mortgage Software Integration Promotes Scalability

mortgage-software-integration

As your mortgage company, bank, or credit union opens branches and expands services, your organization's growth strategy is put to the test. A solid growth strategy includes IT support and software that is developed to grow with your business, without compromising security, mobility, and established workflow. Software that integrates across a range of platforms, from mobile devices to legacy systems, is part of a solid growth strategy because it scales your services without disruption.

Here are five ways mortgage software integration promotes scalability.

1. Uniform Access

Cross-platform functionality is software integration's greatest asset for agents in the field. Cloud-based mortgage applications, like ABT’s MortgageExchange™, allow users to access uniform data across a range of devices and software platforms, using smartphones, tablets, or computers. The access point, or the dashboard, appears uniformly across devices, which increases ease of use and diminishes user pain points. Additionally, users are able to access email, databases, and files, as well as software applications like Calyx, Byte, Encompass, and Excel.

As your business grows and your organization's files, applications, and technologies update, increase, or change, the access point remains a stable portal to the information your loan officers need to seamlessly, and successfully, complete their job.

2. Security

As mentioned earlier, cloud-based software is popular for a range of reasons, but its inherent scalability is its primary benefit. Cloud system storage is easily increased and decreased as business needs change. Developers point out that the same is true for cloud-based security, stating:

The same goes for security solutions. When they are built in the cloud, to serve the cloud, architectures can automatically scale up or down alongside the capacity of your infrastructure.

Additionally, tools like MortgageExchange™, which was developed solely for financial organizations and is a certified SSAE 16 Type II cloud solution, feature security infrastructure and seamless integration that complies with regulatory guidelines. Updates occur automatically throughout the platform when needed, and legacy system data is kept secure when transferred across platforms.

3. Affordability

It's no secret that mortgage companies, banks, and credit unions are subject to economic shifts and market changes. Sometimes, it is just as necessary to scale down as it is to scale up. Services that require hardware and on-premise software make it difficult to adjust a pre-established contract as needed. Cloud-based technologies allow for this kind of adjustment, without the need to remove hardware or install new software.

4. Eases Transition to the Cloud

Financial organizations that rely heavily on legacy data understand that, as more and more data moves to the cloud, their data will also have to transition. This transition can be time-consuming and complicated, but it doesn't have to be.

Staying in compliance while moving data can be an issue, but so can moving large amounts of data into the cloud. Software that integrates with legacy data systems eases the transition by providing a growing organization with the chance to work in “hybrid mode” until a full cloud transition is possible. In these situations, the services and security provided to customers occurs without disruption.

5. Customization

Understanding how security, access, affordability, and cloud services fit your organization's needs is a necessary step toward deciding which software services work best for your company.

Digital entrepreneur Himanshu Sareen writes in Entrepreneur:

No off-the-shelf workflow automation—payroll, data analytics, CRM, or other software package—is going to suit your needs absolutely.

Thus, you’re likely going to have to employ your internal technology staff or hire an outside consulting firm to customize the software you select to some degree.

This customization usually entails building and developing software that integrates with your organization's existing workflow and protocol. Rather than turning to generic software fixes, it makes sense to look at industry-specific software, especially when that software will need to scale with your growth over the long-term.

If you are interested in working with an information security company that understands the unique requirements and concerns of mortgage companies, banks, and credit unions, then please contact us.

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Topics: MortgageExchange mortgage software integration

How Software "Solutions” are Creating Conflict Between Your Mortgage Data Sources

how new technology and SaaS applications are creating conflict between your mortgage data sourcesThe pace of software solutions and technological upgrades in the financial market has been remarkable. There are countless Software as a Service (SaaS) solutions now available to help manage, distribute, and optimize financial products and mortgage data. While each solution has a specific benefit, the combination of them all can create significant conflict and dissonance between systems. As a result, more and more mortgage companies are finding themselves in need of a cost-effective data interface solution that can create better data harmony.

 

 

The Cost of Data Conflict

 

Data conflict results in lost time, money, and effort for mortgage companies. Not only does data conflict cost your loan officers time as they try to locate the information they need, but it can also cause them to make costly and unnecessary mistakes. For example, running a credit check and making a mortgage decision usually require pulling data from different sources. A mismanagement or misunderstanding of the data could result in a poor credit decision, causing you to lose a good customer (or gain a bad one), and costing you money in the end.

 

 

Your loan officers need up-to-date information about their industry and the clients they work with, in order to succeed in their jobs. Perhaps a borrower has a lien or a default in recent months that is not appearing in their financial history. If the loan officer is pulling data from the wrong source or mortgage data isn’t synchronized across systems, they could easily make a costly mistake. Only a system that is able to create data harmony in real-time can solve this problem.

 

How MortgageExchange Can Help

 

Access Business Technologies’ MortgageExchange solution, solves the data conflict problem, once and for all, in a low-cost and efficient way. Fundamentally, it unites the back ends of your mortgage software systems to create one unified interface. There is no loss of data, and mortgage loan officers gain greater control over the important information they need and use every day. The solution leverages the power of a third-party cloud, along with many data providers, to aggregate and streamline your different mortgage systems. Companies like Fiserv, Ellie Mae, and Accenture provide support for the secure cloud solution.

 

For example, credit unions are generally community-based credit and financial organizations. Their mortgage products serve the local population, and they have many ways to analyze credit through local data. On the other hand, some of their mortgage systems are based on national lending and data standards. The problem is that these two systems often conflict. Without a unified platform, it can require a lot of time and effort to synchronize and compare data, even using a manual tool like Excel. But with MortgageExchange, mortgage companies have the option of seamless integration. Tower Federal Credit Union is one credit union that benefits from our MortgageExchange platform.

 

The platform also provides a real-time analytics feed to help managers make smarter decision and operate more effectively. The NASA Federal Credit Union is used to working with scientists, engineers, and their families. Just as scientists are expected to be up to date with the newest technology and data, so should their financial providers. The NASA Federal Credit Union, as well as a host of other financial firms and credit unions, take advantage of MortgageExchange’s real-time analytics to make the best decisions for themselves and their customers. Not only does the platform crunch the numbers on an individual applicant, it takes into account the national financial trends to provide a more accurate interest rate and default rate probability.

 

As the MortgageExchange platform gains more and more users, Access Business Technologies (ABT) continues to grow and expand. ABT is a leading provider of hosted, cloud-based software that has been created with the purpose of helping the mortgage industry manage their data and software more easily, more securely, and more harmoniously. For more information about our mortgage solutions, please contact us. Our friendly consultants will help you understand how our products can efficiently reduce your workload and aggregate data from across all your SaaS systems.

MortgageExchange

Topics: ABT Cloud Computing MortgageExchange data interface solution create better data harmony

How Software "Solutions” are Creating Conflict Between Your Mortgage Data

how new technology and SaaS applications are creating conflict between your mortgage data sourcesThe pace of software solutions and technological upgrades in the financial market has been remarkable. There are countless Software as a Service (SaaS) solutions now available to help manage, distribute, and optimize financial products and mortgage data. While each solution has a specific benefit, the combination of them all can create significant conflict and dissonance between systems. As a result, more and more mortgage companies are finding themselves in need of a cost-effective data interface solution that can create better data harmony.

 

 

The Cost of Data Conflict

 

Data conflict results in lost time, money, and effort for mortgage companies. Not only does data conflict cost your loan officers time as they try to locate the information they need, but it can also cause them to make costly and unnecessary mistakes. For example, running a credit check and making a mortgage decision usually require pulling data from different sources. A mismanagement or misunderstanding of the data could result in a poor credit decision, causing you to lose a good customer (or gain a bad one), and costing you money in the end.

 

 

Your loan officers need up-to-date information about their industry and the clients they work with, in order to succeed in their jobs. Perhaps a borrower has a lien or a default in recent months that is not appearing in their financial history. If the loan officer is pulling data from the wrong source or mortgage data isn’t synchronized across systems, they could easily make a costly mistake. Only a system that is able to create data harmony in real-time can solve this problem.

 

How MortgageExchange Can Help

 

Access Business Technologies’ MortgageExchange solution, solves the data conflict problem, once and for all, in a low-cost and efficient way. Fundamentally, it unites the back ends of your mortgage software systems to create one unified interface. There is no loss of data, and mortgage loan officers gain greater control over the important information they need and use every day. The solution leverages the power of a third-party cloud, along with many data providers, to aggregate and streamline your different mortgage systems. Companies like Fiserv, Ellie Mae, and Accenture provide support for the secure cloud solution.

 

For example, credit unions are generally community-based credit and financial organizations. Their mortgage products serve the local population, and they have many ways to analyze credit through local data. On the other hand, some of their mortgage systems are based on national lending and data standards. The problem is that these two systems often conflict. Without a unified platform, it can require a lot of time and effort to synchronize and compare data, even using a manual tool like Excel. But with MortgageExchange, mortgage companies have the option of seamless integration. Tower Federal Credit Union is one credit union that benefits from our MortgageExchange platform.

 

The platform also provides a real-time analytics feed to help managers make smarter decision and operate more effectively. The NASA Federal Credit Union is used to working with scientists, engineers, and their families. Just as scientists are expected to be up to date with the newest technology and data, so should their financial providers. The NASA Federal Credit Union, as well as a host of other financial firms and credit unions, take advantage of MortgageExchange’s real-time analytics to make the best decisions for themselves and their customers. Not only does the platform crunch the numbers on an individual applicant, it takes into account the national financial trends to provide a more accurate interest rate and default rate probability.

 

As the MortgageExchange platform gains more and more users, Access Business Technologies (ABT) continues to grow and expand. ABT is a leading provider of hosted, cloud-based software that has been created with the purpose of helping the mortgage industry manage their data and software more easily, more securely, and more harmoniously. For more information about our mortgage solutions, please contact us. Our friendly consultants will help you understand how our products can efficiently reduce your workload and aggregate data from across all your SaaS systems.

MortgageExchange

Topics: MortgageExchange Mortgage Interfaces data interface solution create better data harmony

Why Mortgage Companies Need the Right Data in the Right Place and in Real-time

why mortgage companies need the right data in the right place and in real-timeEven though larger corporations are making use of internet speed when it comes to mortgage applications, a proliferation of customized tech services are making those speeds available to smaller credit unions and mortgage companies. Yes, small, local mortgage companies still exist, but in order to compete with similarly sized companies, as well as those bigger, global companies, mortgage companies need the right data in the right place and in real-time.

Why? Mortgage companies not only need to stay competitive, but they also need to stay in compliance with regulations and improve customer satisfaction. Consider the following scenarios and learn how to maintain secure records, without sacrificing speed and efficiency.

The Right Data in the Right Place

With interest rates rising, more and more customers are looking to refinance their homes. Many plan on switching from variable rate mortgages to fixed rate mortgages. Mortgage companies must plan for this increase in customer refinancing, which means accessing old records and financial information. For companies that have non-migrated legacy data or older documents stored in hard copy, the process will be delayed, causing customer dissatisfaction.

MortgageExchange™ is designed to provide data at internet speed because it breaks down data silos, resulting in smoothly integrated systems, so that you always find what you need in the right place at the right time. MortgageExchange software streamlines this process by updating and synchronizing old records with new. Integrating data and updated information in real-time assists lenders in accessing the most relevant information from the most logical place at any time.

Organizations such as Summit Credit Union and Members Mortgage have incorporated this secure IT infrastructure, which allows them to move data through the cloud, where it can be accessed by the right people at the right time. This expedites the refinancing process and keeps mortgage companies in compliance with regulations.

With security updates provided by the host server, and with daily or real-time data synchronization scheduled by the business, the right data is delivered seamlessly.

Real-Time Access and Updates

Rising mortgage interest rates are like fire to consumers, they want to react quickly and lock in the best rates. And sellers, of course, want to expedite their sales. With so many stakeholders interested in moving quickly, a delay by the mortgage company is the last obstacle they want to encounter.

Whether it is updating disclosures, APRs or GFEs or remaining in contact with your customer through updates and paperwork, you need to keep pace at internet speed. Increasingly, reliable speed and accuracy is what customers expect, especially those in younger demographics. Since most communication occurs via smartphone, it is important to have these tools readily accessible on your mobile device.

MortgageExchange™ allows loan officers and lenders to interact with the data they need, when they need it. Companies have the flexibility to synchronize data nightly or in real-time so all information is current and up to date, no matter what application or system they're working in.

With no coding, no downloads, and with limited to no in-house IT necessary, mortgage companies and credit unions can interface with MortgageExchange™ to update information, keep records and documents, and communicate with other relevant parties.

Secure and Compliant

Credit unions and mortgage lenders may be a bit gun-shy when it comes to mobile applications and cloud storage. Yet, these are the two tools necessary to stay agile and competitive. Still, security is always a concern and those concerns shouldn't be taken lightly. This is why MortgageExchange™, in keeping with banking security standards, is SSAE16 Type II Certified, which means data is encrypted and protected by a Secure Socket Layer (SSL) and all of our processes meet the banking cybersecurity standard.

Not only is staying in compliance with regulations instrumental to continued success, it is also a wise business decision. You can also choose to store you documents digitally with MortgageWorkspace™.  Storing documents and data with a hosted service means that they are readily accessible during emergencies. Data centers are equipped to handle power outages and even natural disasters, so your records are safe and secure, without compromising your organization's efficiency and readiness.

With real-time access to pertinent information and updates that keep software in regular compliance with changing standards, mortgage companies, credit unions, and lenders can work to meet consumers needs, without having to spend time dealing with software issues.

For more information on how to access information through user-friendly interfaces, or to learn more about employing synchronized, real-time solutions at your mortgage company or credit union, please contact us.

MortgageExchange

Topics: ABT MortgageExchange synchronizing mortgage data

3 Benefits of Synchronizing Data Across Mortgage and Core System Platforms

benefits of synchronizing data across mortgage and core system platformsWith growing concerns over security issues and increasing industry standard upgrades, the benefits of synchronizing data across mortgage and core system platforms couldn't be clearer.

Credit unions, such as Landmark and University of Iowa, have incorporated MortgageExchange into their workflows and experienced greater speed and efficiency managing applications, disclosures and responding to market changes. With these tools, documents and customer information are more easily and securely retrieved by authorized individuals.

In addition to increasing speed and efficiency, the right software eases security concerns and maintains compliance. By integrating systems you already use, your mortgage company, credit union, or bank can benefit in the following three ways.

  1. Deadlines and Compliance

TRID regulations are upending typical deadlines and schedules, and also altering the number of qualified personnel able to process paperwork. Loan officer Vince Nowicki told MReport,

The smaller organization you are, the more difficult it is to simply hire compliance people. If you’re a Bank of America, it’s easy to say “We’re going to bring in a half-dozen compliance people to attack this issue.” If you’re a small credit union in San Diego, you’re kind of on your own.

Nowicki goes on to state that with the new regulations, "...the timing of the loan stretches out a bit."

Keeping a compliance calendar is an essential tool for loan officers, with the American Bankers Association accentuating the importance of creating an overview of upcoming deadlines and maintaining a space for comments and other notes within the calendar.

Synchronizing your mortgage platform and core platform within a single user interface, such as MortgageExchange™, assists loan officers and others with maintaining compliance protocols. In addition, having clean data and records synchronized across systems allows for greater efficiency when compiling annual reports for government agencies.

  1. Banking Standards

Issues of security are becoming more and more relevant as banking information takes up residence in cloud accounts and mobile devices evolve into indispensable professional tools. Federal regulations are shifting, and smaller mortgage providers are expected to adopt banking security standards. Though some of these regulations are not in effect yet, it makes sense to stay ahead of the curve (and ahead of potential threats).

Access Business Technologies’ MortgageExchange software maintains a SSAE16 Type II audit certification that is industry compliant. Data transfers meet security regulations across platforms, maintaining secure data synchronization across systems and devices.

  1. Acquiring and Serving New Clients

When asked about millennials and the housing market, Nowicki explained that reaching out to that demographic involves being readily available to them, under the conditions they have grown to expect: being available through a digital, media and web-based presence. He added that millennials seek transparency and are educated consumers. In other words, they expect details up front and expect their questions to be answered quickly and accurately.

Loan officers need to have information readily available and customized for these customers' unique needs and situations. Credit unions, small mortgage companies, and loan officers already have an advantage in that they are community institutions. Even though smaller organizations are more flexible and better equipped to provide common sense solutions to clients than big banks and national lenders, backing up community-relevant needs with powerful data and fast service wins younger customers.

Community experience shouldn't be under-emphasized, but it should also dovetail with technological expertise. Crafting and maintaining a balance between speed and customization is the formula for reaching out to a technologically fluent client base.

MortgageExchange™ software meets the needs of speed and customization by syncing changes within documents and data across multiple platforms. These updates are scheduled to occur daily or in real-time, depending on your institution's preferences.

For more information on how to increase your institution's speed, efficiency and compliance with integrated software solutions, please contact us.

MortgageExchange

Topics: ABT MortgageExchange synchronizing mortgage data

Accelerating the Sales Cycle With Better Data Management And Execution

accelerating the sales cycle with better data management and executionWith complex sales that involve a lot of money, it can take weeks to complete the sales cycle. Mortgage loan officers often wait an average of four to five weeks to close on a home. However, new rules have come into effect, as of October 3, 2015, that are making that process even longer.

The Consumer Financial Protection Bureau (CFPB) now requires banks to give consumers more time to look over loan documents. This is good for consumers, who benefit from having more time to check over their documents and make decisions, but that also means that mortgage loan officers will have to further prolong the sales process. Though mortgage lenders are fully aware of this, they now must look for new ways to speed up the loan process. In order to accelerate the sales cycle with better data management and execution, credit unions and mortgage companies are choosing Access Business Technology’s MortgageExchange software.

This software takes a new approach to the way mortgage companies store documents and access data, making it faster and easier to retrieve the information your mortgage loan officers need. Before, mortgage companies had to reconcile data into a central location, without updating the source systems. MortgageExchange makes sure the information, across all of your applications, updates into the system so users can access up-to-date information immediately, regardless of what application they use.

For example, 1st MidAmerica Credit Union and Summit Credit Union both started using MortgageExchange, which integrates easily with FICS and other core systems. Two more companies, GTE and Travis Credit Union, switched to MortgageExchange because it integrates with their account processing platform called Fiserv DNA.

The benefits of this new software have allowed mortgage companies and credit unions alike to save time, increase accuracy, and secure data, in order to shorten the sales cycle.

Real-time Information

When changes happen at mortgage companies and credit unions, providing real-time information builds credibility. It also helps customers feel more comfortable in the decisionmaking process. Mortgage loan officers understand that building trusting relationships and having real-time information is key to accelerating the sale cycle.

When working with customers, decisions can take the longest time. Due to the new rule by the CFPB, mortgage lenders will now have to wait even longer to get paid. To thrive in this business, a mortgage company will need good customer service skills, in addition to real-time access to information. Real-time analytics helps staff to follow-up with data, products, services, and information that will help consumers make a fast and informed decision.

Increase Accuracy

Current and accurate information is key to keeping documents organized and secure. If your company has to key data into multiple platforms, this could lead to employee error. With MortgageExchange, staff can key data into one application and easily integrate it into multiple other platforms in the Cloud. This provides real-time data that is easily accessible to help you and your client make smarter decisions.

Secure Data

When paperwork goes into the Cloud, it’s important to securely store documents by limiting who is authorized to view the information. Clients want to work with well-established companies that they can build trusting relationships with. Now, mortgage companies have found it easier to input data and scan paperwork into the Cloud because it keeps data more secure. At Access Business Technologies, we handle Cloud server maintenance and monitoring, so you don't have to.

Access Business Technologies is an SSAE16 Type II technology service provider that provides mortgage interface software to mortgage companies and financial institutions. Mortgage companies are quickly adding MortgageExchange™ because it provides a platform to help fast-growing businesses thrive in a competitive industry. For more information on the software we provide or to see a demo of how this software can work for you, contact us today.

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Topics: MortgageExchange mortgage data management data management for mortgage companies

Calm Chaos, Increase Speed and Satisfy Customers by Avoiding Information Sprawl and Data Silos

With Quicken Loans' recent unveiling of real-time loan applications, competition between mortgage companies has reached internet speed. How can mortgage companies, credit unions and banks compete with this online vendor? By using cloud platforms and integrated software to cut down on the chaos of information sprawl and data silos and speed up their loan services.avoiding the chaos of information sprawl and data silosCloud Platforms

Mortgage companies, banking institutions and credit unions offer quality service and personalized touches, perks that major online mortgage companies simply cannot provide. Still, potential customers may choose speed over quality. However, those customers shouldn't short change themselves. They can have both.

Mortgage providers, banks, and credit unions, like 1st Mid-America Credit Union, Members Mortgage, and Tyndall, are able to provide consumers with both quality and speed because they have eliminated information sprawl through integrated software platforms and decreased data silos with improved cloud security. With MortgageExchange, mortgage providers can close loans, improve security and comply with federal banking standards.

Here's how the problem occurs and how MortgageExchange software solves the issues:

  • Information Sprawl

    Information sprawl occurs when organizations have redundant information in various places. This happens when old data never migrates to new platforms or when employees enter and exit the organization but their documents are never properly expunged or transferred. The result is slow processing of applications, redundant or contradictory customer files, and the painstaking process of compiling information from an old server to a new one. Storing information in the cloud makes that data immediately accessible to other stakeholders for updates and information gathering. Items are archived and managed across platforms, reducing redundancies and increasing efficiency.
  • Chaos

    While collected information sprawls across servers, laptops and even hardcopy files, your business is slowing down. Applications aren't being closed. Chaos is costing money and even expansion. Once issues of information sprawl are addressed, it's time to start thinking about moving forward. Since cloud platforms are scalable, they grow with the operation. There is no need to control information sprawl as your company grows because the information is being corralled and managed while your business moves forward.
  • Data silos

    Data silos were built in an attempt to ward off security attacks. Initially this idea was a good one. Sensitive information was stored in one area, safe from cybercrime. Less sensitive, but still necessary, information was stored in another. The danger of silos is the lack of information transfer and integration. In this scenario, the left and right hands don't know what the other is doing. As a result, data silos are becoming obsolete. With increasing security measures like Secure Socket Layer (SSL), data encryption and a three-tier security system, MortgageExchange is a safe place to integrate all your data and keep from isolating it.

MortgageExchange

Cloud platforms store digital information, making physical servers unnecessary, but still retain the speed and security of local storage. Additionally, security updates, compliance regulations and data uploads happen immediately and consistently across all integrated software to include Calyx, Byte, Encompass and others. Legacy data migrates to the cloud, decreasing redundancies and time spent compiling and transferring older information.

Cloud platforms and integrated mortgage software aren't a band-aid or a fix-it. Rather, these technologies house deeply structured architecture that aligns with your existing mortgage application practices and processes. Coupled with IT support, MortgageExchange™ software and MortgageWorkSpace® provide you with the information you need to rapidly close loans and effectively reach out to current and future customers.

In answer to the question of whether or not small banks and credit unions can compete with large, online companies: Yes, they can, and more. Mortgage customers deserve the quality of care that smaller institutions can deliver, and smaller businesses need the ability to scale up.

To find out more about flexible IT and data management solutions, please contact us.

Need some help determining the right solutions for your mortgage business? Click below. 

MortgageExchange

 

Topics: MortgageExchange avoiding information sprawl avoiding data silos

7 Reasons Credit Union Mortgage Departments Need to Interface to Their Core Banking System

In the fast-paced, competitive environment credit unions and mortgage companies face in the post recession age, technology is essential for great business systems. The right technology systems cut costs and increase quality at the same time through reducing data errors, communication costs and the time necessary to interact with your customers. With so many great options to manage accounting, customer relationships, and more, an interface to your core banking system is an integral part of any technology mix.why credit union mortgage departments need to interface to their core banking system

The following 7 reasons demonstrate the benefits of integrating your disparate mortgage management systems with a MortgageExchange software integration system.

Save Costs of Human Error

According to The Data Warehousing Institute (TDWI), the cost of human error in tracking contact information alone is an astounding $600 billion per year. This does not track data loss on applications, billing cycles and more. If you consider the additional untrackable costs of customer retention through all these mistakes, you have the number one reason to utilize a software integration system.

Keep Your Favorite Software Solutions

Many mortgage companies are utilizing full-scale systems to manage their business needs, moving to comprehensive mortgage-based ERPs and Desktops as a Service. This is a great solution for many of our customers, but many companies want to keep their current software and hardware configurations because of familiarity, costs, quality or other considerations. For businesses that love what they currently use but want to manage their systems better, a software interface, like MortgageExchange, provides many of the benefits of a full-scale system.

Increase Customer Service Success

One of the most frustrating things for mortgage customers is the need to continually give information to different customer service reps and loan officers. With an integrated core banking interface, your reps will have access to all the relevant information to meet the current customer needs.

Track Your Analytics

Many businesses understand the need for building great data management systems, but do not think they can afford the time or money necessary to build one. Good core interface software systems will provide automatic and real-time analytics software relevant to the mortgage industry. This is essential for continuing to improve your income, cut your costs and offer great customer service.

Drastically Increase Your Speed

Great data management traditionally requires large amounts of time and money. A great data management interface will reduce the inordinate labor and capital costs induced in traditional means. The greatest of these costs is the time it takes to create and manage business-wide data systems. A good interface system will automatically update any linked database tables for your software systems so that your information will be obtained in real-time, no matter where it is located on your local network or between clouds.

Cloud-Based Management

Cloud-based management is worthy of a post in itself, but there are several advantages to be considered here. A cloud-based information interface gives management the ability to monitor and trouble-shoot data remotely, outsources much of the costs of your IT department, increases your access to industry security experts, and promotes fast scaling of your business.

Location, Location, Location

Every realtor and retailer understands the importance of location, and mortgage experts have to approach their business as both realtors and retailers. Another advantage of the cloud-based system worth its own point is the fact that your location becomes everywhere. More precisely, your mortgage loan officers and locations are not limited by your offices and internal LAN. Create your security systems, firewalls and protocols, and let the interface software update your information via the internet, no matter your location.

These are just some of the reasons and uses your credit union needs to use a mortgage software interface to connect all your core banking needs. For more information about mortgage software, cloud-based services or industry standards, please contact Access Business Technologies today.

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Topics: MortgageExchange interfacing core banking systems credit union software solutions

Accenture Mortgage Cadence and ABT

ascent resized 600 Just got back from the 2014 Accenture Mortgage Cadence, Ascent Users Conference in Denver, June 3rd, 4th and 5th. This was my first visit to their conference.  ABT was invited as a Vendor, promoting our MortgageExchange interface.  

 booth at Ascent resized 600 The event was terriffic, with Accenture Mortgage Cadence putting on an "involved" show for its Clients and Vendor guests.  Everyone had an oppportunity to visit with one another.  I found it a valuable opportunity to finally meet clients that we have worked with over the past few years.  Since we have been building and deploying mortgage interfaces for such a long time, our business process can efficiently be done over the phone and internet for the most part.  So, the opportunity to put a "face to the voice", meeting folks in person was a bonus.

 ABT Sponsored Internet Cafe resized 600  The speakers and information sessions were informative and fun with the Accenture team presenting some sessions with a game show type atmosphere.

Plenty of activities and breaks kept everyone involved and fresh.  Our "last night event" was spent at a place called "Aces" where ping pong tables were in place, with serious and not-so-serious games happening.  A great way to wrap up the week.

Thank you to the Accenture Mortagage Cadence Team for the invitation to participate.  We greatly appreciate your positive support.  And to our ABT clients and hopefully soon to be clients, who stopped by the booth, thank you as well for your support.

The ABT Team

Topics: MortgageExchange Mortgage Interfaces Accenture Mortgage Cadence Prime Alliance

Why a "Cloud Based" Software Interface is a winner?

What is a Software Interface?describe the image

A software interface should seamlessly connect your software (in this case two mortgage software platforms) and move data to other services.  For example; a mortgage loan origination software to a core banking system. This movement of data should be easy, secure and in the best scenarios totally automated. Some Mortgage software applications provide "built-in" connectivity.  But if they don't this can cause a huge disruption in moving data through your business work flow. Don't think your only alternative is to manually re-enter data from one system to the next.

What is MortgageExchange?

MortgageExchange is a tool which provides a time-saving and accurate way of moving mortgage date.  A huge improvement over hand-keying.  Why "Cloud Based", nothing to worry about the entire process is controlled and monitored for accuracy to fit your needs.  About as seamless as you can get.

 Benefits and Advantages

 There are several benefits avoiding unnecessary errors, considerable time saving by eliminating manual data entry and best of all the process can be practically seamless. The advantages are no servers are required or coding and maintenance. Using an interface such as MortgageExchange will ensure improved work flow. 

 Why should I chose MortgageExchange interface software?

 Mortgage Software interface will give your business the edge. MortgageExchange software is used with systems such as: Prime Alliance/Mortgage Cadence, OSI's Core System, Harland's Servicing Director, Harland's Ultra Data Core System, FICS' Core system, Jack Henry's SilverLake Core System, Mortgage Computer Systems and many others.

 MortgageExchange software interface will advance your systems beyond their present capabilities. It will give you additional data leverage by establishing rules and processes when moving data from one system to the other.

  Ease of Use

  Because the MortgageExchange interface is based in a cloud, the low monthly hosting fee covers maintenance and ongoing support.  ABT works with you to customize the system making sure the data integration is designed to fit your unique business needs.

 Peace of mind

 MortgageExchange software ensures your data is secure and accurate as it moves from one system to the next. Providing a seamless, secure and trouble free solution when connecting your mortgage software to other services. This will save time, money and remove the risk of data entry errors, removing your data flow roadblocks. This cloud based interface is definitely a winner.

Topics: MortgageExchange Mortgage Software Interfaces