Origence Mortgage Lending Platform Receives Certification for Fannie Mae’s Day 1 Certainty Initiative
Nov. 19, 2019 (revised Nov. 25) – Irvine, California – Origence™, a leading provider of lending technology and solutions to the financial services industry, announced that the Origence mortgage lending platform has been approved as a Desktop Underwriter® (DU) validation service Authorized Report Supplier for Fannie Mae’s Day 1 Certainty® program. By automating the verification of a borrower’s identity, employment, income and assets, the Origence platform enables lenders to achieve Day 1 Certainty from Fannie Mae, while accelerating the borrower’s experience and closing loans faster.
Fannie Mae’s Day 1 Certainty initiative is designed to provide lenders with enhanced loan origination controls, improved processes and certainty around the borrower’s assets, income and employment information, in addition to relief from representations and warranties on validated loan components. As an Authorized Report Supplier, Origence can provide lenders with Day 1 Certainty eligible validation reports for the DU validation service.
Designed from the ground up to help lenders embrace digital mortgages, the Origence platform is a ground-breaking, end-to-end system that combines powerful point-of-sale and loan origination system tools that accelerate a lender’s loan production and reduce process cycle time, while significantly reducing costs. The Origence platform was officially launched in October and has several key lenders already using the system.
“The ability to achieve Day 1 Certainty is a crucial advantage for lenders who must meet new consumer expectations for a faster, simpler mortgage experience,” said Roger Hull, president and chief product officer for Origence. “Our approval as an Authorized Report Supplier ensures our clients will be able to deliver faster responses to borrowers, while eliminating an enormous amount of manual effort behind the scenes. At the same time, they get a state-of-the-art platform that maximizes automation, so they can close loans faster and at a lower cost.”
The marketplace’s newest platform enables lenders to streamline the mortgage process, improve efficiency, increase sales opportunities and deliver a better customer experience. The platform is highly automated, scalable and configurable to meet the evolving needs of any mortgage organization.
The Origence platform includes tools that automate the borrower’s application process and overall lending journey as well as point-of-sale and fulfilment tools that empower lenders to reduce friction in the mortgage process. The platform is also equipped with an open application programming interface (API) and microservices architecture for smoother integrations with third-party technologies and services, in addition to best-in-class marketing automation tools that empower lenders to increase sales opportunities and pull-through rates.
Origence is a technology provider dedicated to creating new approaches to the loan origination experience. The company’s enterprise origination solution, the Origence platform, powers mortgage, consumer, and home equity lending for financial institutions. An end-to-end solution, the platform includes marketing automation and POS (point-of-sale) capabilities to deliver greater sales opportunities as well as all of the traditional loan origination system functionality. By bringing automation front and center to the digital lending process, Origence makes life easier for lenders and consumers alike. The company is headquartered in Irvine, California. For more information, visit www.origence.com, or follow us on Twitter and LinkedIn.