Thursday, March 27, 2008

Mortgagebot joins forces with Open Solutions

Mortgagebot LLC, Mequon, Wis. will see its PowerSite Web-based LOS on the list of recommended software provided by Open Solutions, Glastonbruy, Conn., a provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets.

Under the terms of the new referral agreement, Open Solutions will recommend PowerSite to its clients and prospects. This partnership provides Open Solutions’ clients with another option to choose from when looking for Web-based software tools that can be used to take full advantage of the growing online mortgage channel.

The company's point to surveys that show, in some market segments, as many as one-fourth of all lenders are now originating more than half of their loan volume online.

Open Solutions SVP and chief marketing officer Mike Nicastro says that nearly 50 of the company's LOS clients have already implemented Mortgagebot's PowerSite solution.

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