View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 6, 2008updated 06 Sep 2016 2:40pm

PyraMax Bank selects Metavante’s mortgage and consumer LOS products

PyraMax Bank has selected payments technology provider Metavante's mortgage and consumer loan origination studio products, in addition to licensing its internet direct service.

By CBR Staff Writer

PyraMax Bank will deploy Metavante’s web-based consumer and mortgage loan origination studio (LOS) products in conjunction with its internet direct to upgrade its entire loan origination platform.

Metavante’s origination technology also interfaces with the Metavante core banking application it already provides to PyraMax, which helps improve efficiencies throughout the entire origination process, including submitting closed loan data for booking.

Metavante’s LOS and internet direct services feature automated decisioning and a product and pricing eligibility engine that will help PyraMax match loan products to borrower requirements during traditional and electronic mortgage and consumer applications, said Metavante.

Rick Hurd, CEO of PyraMax Bank, said: In today’s competitive lending environment our loan officers needed application software that provided access to our core banking solution, as well as a product and pricing engine to automate our portfolio credit policy. PyraMax will benefit from having an enterprise-wide point-of-sale solution that loan officers, borrowers and branch personnel can use to generate mortgage applications and all but eliminate errors.

Cy Brinn, president of lending solutions at Metavante, said: We believe that in today’s market it is imperative for mortgage lenders to implement technology that can help to make them more productive and responsive to borrower needs. Our LOS and internet direct technology will support PyraMax’s existing loan origination business and add a web-based origination component that will increase their competitive advantage and cost-efficiency.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU