ICBA News Release
FOR IMMEDIATE RELEASE
ICBA Mortgage is Developing a New Fulfillment Platform
Washington, D.C. (March 17, 2010)—ICBA Mortgage is developing a new mortgage fulfillment platform that will serve the needs of ICBA Member Banks. The new platform will combine secure state of the art technology, comprehensive services from point of sale through post closing, along with the programs and products of multiple lending investors and service components.
The new platform will support community banks as they strive to remain in the secondary lending arena, without additional operating expenses. Increasing market share while managing the challenges of remaining compliant will be strengthened by the platform's diverse service components. Community banks that use the platform will add value to their mortgage lending efforts through greater transparency and information management. Supported by dedicated and seasonal mortgage professionals, the platform will offer comprehensive origination, underwriting, closing and post closing support that will allow community banks to serve their communities more efficiently with more fee income realized.
Up until now a mortgage fulfillment platform of this caliber has been out of reach of most community banks; implementation fees and monthly production minimums kept them for taking advantage of this kind of mortgage technology, the same technology used by the larger lenders against which community banks compete. As the mortgage industry moves closer and closer to becoming a paperless environment, it is imperative that community banks look toward technology to automate the workflow of mortgage lending and remain the safe and sound lenders of choice, today.