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ABA: The American Bankers Association

Promontory MortgagePath: Residential Mortgage Loan Fulfillment

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Provider: Promontory MortgagePath

promontory mortgage path

Promontory MortgagePath, formerly known as Promontory Fulfillment Services, combines extensive mortgage operations and compliance expertise with industry-leading technology to provide efficient, cost-effective mortgage fulfillment and due-diligence services to lenders of all sizes.

With Promontory MortgagePath’s solution, banks leverage proprietary point-of-sale technology – Borrower Wallet® – to co-pilot the application process, collaborate with borrowers and access in-app efficiency tools. Then, they process and underwrite each loan using bank-provided business rules and finally, close in the bank’s name. Their comprehensive service offering helps lenders remain competitive – and profitable – in an ever-changing mortgage market.

Promontory MortgagePath’s comprehensive set of mortgage fulfillment solutions address many of the factors making mortgage lending a challenging business for community banks, including a high fixed-cost structure, compliance complexity, volume volatility, and evolving customer-experience demands.

Promontory MortgagePath enables ABA banks to offer a full range of mortgage products profitably and efficiently – allowing them to continue offering mortgages as core products without supporting an entire mortgage operation.

ABA Member Discount

ABA members receive a 10% discount on loan fulfillment fees. Implementation fees are waived for ABA members.

ABA Vendor Product Review

Many ABA banks are re-evaluating their mortgage operations due to the increasing cost, complexity and liability brought about by a changing regulatory and volatile interest rate environment. Promontory Fulfillment Services allows all ABA banks the option to continue — or begin — offering their customers mortgages in a profitable, efficient, customer-focused way. Read ABA's review.

Benefits

  • Continue to offer a core, relationship-building product
  • Shift loan manufacturing costs from fixed to variable
  • Deliver a transparent, collaborative digital borrower experience with an advanced point-of-sale
  • Accurate and analytics-ready data, supporting effective, real-time pipeline management
  • Compliance integrated in all tech development and at the forefront of the overall process flow
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Promontory MortgagePath LLC: An ABA Endorsed Solution

Promontory MortgagePath LLC combines extensive mortgage operations and compliance expertise with industry-leading technology to provide efficient, cost-effective mortgage fulfillment and due-diligence services to banks of all sizes. To learn more about our comprehensive solution, visit mortgagepath.com.

Webinars

Thriving in the New Normal: Jump-Starting Your Mortgage Business with Agile Staffing, Improved Efficiency and Digital Delivery

June 18, 2020 | 02:00 PM ET

During this webinar, panelists will discuss innovative strategies for transforming your mortgage business to meet evolving expectations while remaining nimble, maintaining a good product mix, and reducing origination costs.

Details

Mortgage Lending 2021: Transforming Your Cost Structure and Customer Experience

October 08, 2020 | 02:00 PM ET

Join us for an upcoming ABA Partner on the Line to learn how solutions from our endorsed partner, Promontory MortgagePath LLC, can help community banks seamlessly – and profitably – manage loan volume fluctuations while introducing technology, improving overall efficiency and creating scalability in managing your mortgage operations.

Details

Competing in a Digital World: Leveraging a Turnkey Mortgage Solution to Increase Profitability and Enhance Vendor Management Compliance

December 03, 2019 | 02:00 PM ET

In this free ABA webinar, Promontory MortgagePath, formerly Promontory Fulfillment Services, will share how its turnkey mortgage solution is uniquely positioned to help banks remain competitive in an ever-changing mortgage market while increasing vendor management compliance.

Details

Provider

Our Experts

Debbis Whiteside

Deborah Whiteside

SVP, Endorsed Solutions

Innovation & Finance

Contact Deborah

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