Origence Mortgage Platform increases the visibility of borrowers

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The loan origination process can be lengthy and inefficient due to manual processes. Origence addressed these common issues by launching the Origence Mortgage Platform, a tightly integrated point-of-sale and loan origination system.

The Origence mortgage platform eliminates inefficiencies in the loan creation process through automation and configuration. It is a system based on digital events and information, as opposed to the traditional forms-based systems that the industry has relied on in the past.

“Our combination of automation and the ability to make work processes run in parallel reduces cycle times for lenders,” said Michael Farris, vice president of strategic solutions. “In addition, our platform has a tightly integrated point of sale and LOS for two-way data and documents, removing the barriers of disparate systems.”

What is unique about the Origence mortgage platform is its automation and ability to customize workflows for different product and borrower scenarios. Through automation, Origence was able to remove much of the manual process typically associated with other platforms in the mortgage market.

The Origence Mortgage Platform offers a modern technology stack solution that uses drag-and-drop orchestration generators to allow lenders to easily customize their system without the need for technical programming skills. With the combination of LOS and POS, multiple users can work on the same loan in parallel to speed up the overall process, providing a better experience for the borrower. For example, one team could work on the value of collateral, while another team could simultaneously work on creditworthiness.

The Origence setup embodies best practices, highlighting opportunities for automating and streamlining workflows. The robust configuration capability allows lenders to have workflows tailored to their business that they can 100% control on their own without the need for programming.

“We implemented high-level process design plans, resulting in project plans tailored to the specific needs of the lender,” said Farris. “Our strong engagement partnership approach with lenders covers the duration of the implementation, from planning to full production. “

With Origence, ongoing communication with the borrower is generated throughout the process, reducing the time staff have to spend on the phone to provide loan status updates. This allows the borrower to upload their documents and register on the pending documents.

As a result, the visibility and engagement of the borrower in the process is maximized, which increases the success rate and improves the overall borrower experience.

“The rich experience of Origence borrowers allows lenders to provide as much data themselves as they want, which not only allows for faster request, but just as importantly, a shorter closing time,” he said. added Farris. “We’re removing static packaging with automated packaging and dynamic tasks on the loan. “

Origence was developed post-TRID with built-in compliance, not externally attached like many other solutions offered. Lenders who partner with Origence recognize the intrinsic value of the management and strategic direction of a mortgage platform that draws on decades of industry expertise.

A seasoned industry veteran, Michael Farris leads the Strategic Solutions group at Origence. Its focus on integrity and process-driven sales solutions have resulted in negotiated contracts with the top 100 lenders in various technology and service industries.

Michael Farris, Vice President of Strategic Solutions at Origence

A seasoned industry veteran, Michael Farris leads the Strategic Solutions group at Origence. Its focus on integrity and process-driven sales solutions have resulted in negotiated contracts with the top 100 lenders in various technology and service industries.


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