TECHNOLOGY FOR THE MORTGAGE INDUSTRY

Many large brokerage firms are actually virtual networks of independent agents.  The firm provides the online tools and support network and the agents generate their own leads using the firm branding.

Examples of this business model are Invis Inc.   and  Mortgage Intelligence Inc.

This is possible because of the tools available for  mortgage origination which in Ontario are primarily  Basis100 and Filogix.

These tools allow mortgage agents to enter all of a clients information required to obtain a mortgage,  and then provide a platform to  administer, adjudicate and communicate the results of a mortgage application.  Applications are directed to all of the major institutional lenders electronically.   Mortgage  insurance companies, appraisers, and title insurers are also electronically connected as is the credit bureau and a credit report is obtained automatically. 

The "Technologies for the Mortgage Industry" site was created by Adriana Ieraci, a graduate student at the University of Toronto (Canada).  This site was developed for a graduate course - JCI1503 - Advanced Topics in Computing and Information Systems - as a term project requirement.  Much of the content material and web links presented on this website have been collected from existing sources.  You should not assume that any of this is error-free or that it will be suitable for any particular purpose you may have in mind when using it.  The site is meant to be solely a project in an educational context - and has no other purpose.  The author,  the University of Toronto or any of its divisions, including the course instructors, unequivocally declare that they do not endorse any of the companies or products mentioned or statements made in or referenced on this site.

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