Bank Mutual Selects D+H's Mortgagebot® Solution for End-to-End Mortgage Lending
Bank Chose Web-based Solution for Balance of Efficiency, Effectiveness and Ease-of-Use
LAKE MARY, FL, Aug. 26, 2014 /CNW/ - DH Corporation (TSX: DH) ("D+H" or "Company") today announced that Bank Mutual, the largest bank based in Milwaukee, Wis., has selected its Mortgagebot® end-to-end mortgage loan origination platform, which includes MortgagebotLOS™, the all-in-one loan origination system, and MortgagebotPOS™ for taking applications through every point-of-sale channel.
Although Bank Mutual had been using an automated, customized loan processing solution for years, fast-moving changes in compliance and regulations were proving how inefficient and cumbersome it had become. Rather than accepting the limitations of its old system, Bank Mutual decided to replace its current technology with an end-to-end solution that offers the very latest in accessibility, efficiency, compliance and security.
Leading the search was Dan Mekemson, a long-time veteran of the mortgage industry and senior vice president and director of mortgage lending. "Our key driver was to select a system that promoted more effective and efficient customer service. D+H's Mortgagebot solution offers the full front-to-back, integrated system we were looking for; in addition to customer service, its reputation for uptime and client focus is outstanding within the industry."
Mekemson is also a fan of the SaaS model. "Using antiquated systems or developing your own LOS can be a risk. It might not work, and keeping pace with the implementation of new rules is a real challenge. By using a SaaS provider, you diminish this risk. The work is done for you, and D+H has a great reputation for professional results and knowledge of the industry," continued Mekemsom.
In addition, Mekemson was pleased to find that a feature-rich solution like Mortgagebot provides a financially reasonable alternative to the competition. Not only were start-up and usage costs attractive, but its seamless integration between application, origination and processing steps reduce the chance for input errors, make sharing of documentation effortless, and keep the lines of communication flowing between loan officers and customers - which is critical in the highly competitive mortgage industry. "It's a 24/7 world, and our loan officers are in touch at all times. Now they can service customers in person and remotely," said Mekemson.
"We are pleased to add Bank Mutual to the growing list of financial institutions that have embraced the Mortgagebot platform to support their entire origination lifecycle," said Scott Hansen, senior vice president of marketing, D+H. "By choosing to adopt the entire Mortgagebot solution, Bank Mutual will be well-positioned to provide its customers with the best mortgage lending experience possible."
D+H is a leading provider of secure and reliable technology solutions to domestic and global financial institutions with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge. Today, approximately 7,000 banks, specialty lenders, community banks and credit unions rely on D+H to deliver solutions across three broad service areas: Banking Technology Solutions, Lending Solutions, and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. D+H is one of the world's top FinTech companies as measured on the FinTech 100 list.
DH Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by DH Corporation with the securities regulatory authorities at www.sedar.com.
SOURCE: DH Corporation