October 3, 2024 /PRNewswire/—Mortgage Automation Technologies (MAT), a leading innovator in fintech software and hardware, and the company behind The BIG Point of Sale platform, proudly announces a strategic integration with Gateless, the leader of intelligent automation for mortgage lending.
This integration brings the power of Gateless’ Smart Underwrite® technology into The BIG Point of Sale ecosystem, enabling mortgage companies to quickly notify loan officers and their clients of required underwriting conditions, the results of any underwriting review, and ultimately loan approvals via mobile devices. This accelerates decision-making and improves accuracy across their lending platform.
Within the Smart Underwrite® solution, loan information including credit, income, and asset source data and/or documentation undergoes meticulous analysis, automating key facets of the underwriting process, while ensuring compliance with investor guidelines. The results: a new benchmark for operational efficiency and cost to originate a loan, higher quality loans with reduced risk of repurchase, and an unparalleled borrower experience.
“Mortgage Automation Technologies partnership with Gateless is a significant step toward simplifying the mortgage process for loan originators,” said Matthew VanFossen, CEO of Mortgage Automation Technologies. “Integrating Smart Underwrite® into The BIG Point of Sale, allows our users to streamline verification and underwriting processes, reducing the time, effort, and financial burden needed to move from application to approval.”
Mike Brown, Chief Revenue Officer of Gateless, echoed the excitement, stating, “We are thrilled to collaborate with Mortgage Automation Technologies to bring this integration to life. Our solutions are designed to solve the most pressing problems in the mortgage industry, and by working together on The BIG Point of Sale, we’re delivering technology that truly impacts the bottom line, making lending faster, more efficient, and less costly.”
About Gateless, Inc.
Gateless simplifies mortgage lending through intelligent automation of key processes and decisions. By automating underwriting using AI and driving real-time actions and outcomes across a lender’s platform, Gateless addresses the challenges facing today’s mortgage industry. Their solutions, such as VeriClear™ and Smart Underwrite®, focus on delivering the right technology to solve the right problems. Gateless is also recognized as a HousingWire Top 100 Tech Winner.
Contact sales@gateless.com to schedule a demo.
Email info@gateless.com to learn more.
View news at Mortgage Automation Technologies website here.
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