DALLAS--PathSoftware, a new highly structured, cloud-based mortgage loan origination software (LOS) from CalyxSoftware, has announced that Financial Funding Solutions, Inc. (FFS), which does business as 1st Mortgages, Littleton, Colo., has selected Path as its LOS.
FFS is a brokerage and correspondent lender that operates in Arizona, Colorado, Illinois, Iowa, Kansas, Nebraska, Texas, Utah and Wyoming, and which has partnerships with more than 60 credit unions and builders. It has successfully closed more than 10,000 loans since it was founded in 2002.
“At FFS, we’re committed to helping our customers secure loan programs that are best suited for their individual needs, so we needed an LOS that could give our customers quick, compliant answers and grow with us at the same time,” said Anne Marie Lee, Director of Builder/Real Estate Sales & Marketing at FFS. “We selected Path for its user-friendly platform, multi-channel origination capabilities and structured workflows, as well as the ability to access it anywhere. We’re confident this will make us more productive and better able to serve our customers.”
PathSoftware was designed to simplify and streamline mid-tier to enterprise-level, multi-channel loan origination, according to the company. As a portal with a single point of entry, all loan data, lock data, products, pricing, AUS findings, disclosure documents, compliance assurances and closing documents emanate and are reconciled within one system. This enhances visibility and improves productivity across multiple business channels—wholesale, retail and correspondent. Path is also the first completely data-driven, not form-driven, LOS. It collects all of the borrower and property information individually and then uses those fields to populate forms, making it easier to adapt to and comply with new regulations.