Mortgagebot Rolls Out POS Lending Platform

Mortgagebot (Mesquon, Wis.) is introducing its new integrated point-of-sale (IPOS) lending platform available to banks and credit unions that license the company's PowerSite solution.

According to Mortgagebot, the IPOS technology integrates mortgage applications, pricing, and approvals to create a consistent and seamless customer experience across every mortgage POS channel—consumer-direct via the Web, in the branch or call center, or through professional loan officers.

Mortgagebot's IPOS solution, PowerSite, is designed to meet borrowers' needs by providing them with a faster, more user-friendly mortgage-application experience, regardless of the channel used. For the lenders, PowerSite not only provides the customer retention value of a multichannel solution, but it also offers more automation since application information can flow directly from PowerSite into the lender's loan-origination system.