Vendors
日本語

Discover Home Loans: Innovating Like a Fintech

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
14 April 2020

Winner of Celent Model Bank 2020 Award For Mortgage Lending

Abstract

This large, national, digital financial institution created a digital mortgage platform using inhouse and customized third party point-of-sale (POS), loan origination system (LOS), and eClosing solutions for originating home equity loans.

Core mortgage loan origination system replacement is often a very expensive project. It is a rip and replace loan account origination system (LOS) project analogous of similar complexity and cost core banking system (CBS) replacement, and has more complex workflow and digital document management system requirements than does core banking system replacement.

In this Model Bank report, we describe how a large, national, digital lender rejected fintech options and built its own digital customer engagement channel, ripped out and replaces its mortgage loan origination system, and installed a leading edge eClosing system that leapfrogged the competition in 2019 and created a next generation eClosing platform for the post-COVID-19 era.

See all 2020 Celent Model Bank winners here.