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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.

Promontory MortgagePath Celebrates American Housing Month

Access their latest eBook to help you navigate the early planning stages of launching, or relaunching a compliant, profitable, tech-driven mortgage division in today’s market.

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: Offering Your Borrowers a Digital Mortgage Experience

Promontory MortgagePath LLC combines a collaborative digital-mortgage platform with comprehensive fulfillment services, giving banks the technology and scalability required to compete in today’s market. With PMP’s solutions, banks can efficiently scale their mortgage operations whatever their current model. From models designed to introduce mortgage technology and boost processing and underwriting power, to complete solutions including licensed loan coordinators, lenders benefit from a full range of mortgage products and a scalable business model without the overhead or risk.

Provider

Our Experts

Debbis Whiteside

Deborah Whiteside

SVP, Endorsed Solutions

Innovation & Finance

Contact Deborah

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Our Due Diligence

Our mission is to meet ABA members' needs through product evaluations and vendor due diligence.

Customer Support

Not sure where to start? Call us for any question, and we'll help you resolve your question or get to the right person.