The Oklahoma Bankers Association (OBA) has officially endorsed the mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet® provided by Promontory MortgagePath LLC.
OBA recognized the technology provider’s tools and end-to-end fulfillment services for their ability to help its members reduce mortgage origination expenses while allowing them to retain a full mortgage product suite.
By shifting fixed mortgage-operations costs to a variable cost model through Promontory MortgagePath, the organization said its community banks can augment their staffing needs to match the ebb and flow of the mortgage market.
“OBA’s mission is to ensure Oklahoma’s robust banking community possesses the tools it needs to support its communities and few support a community like increased homeownership,” said OBA’s president and CEO, Adrian Beverage. “Promontory MortgagePath’s mortgage technology and fulfillment services will deepen our community banks’ capacities to serve their communities while also providing stability and longevity through increased access to homeownership.”
Founded by former U.S. Comptroller of Currency Gene Ludwig, Promontory MortgagePath began with a commitment to empower community banks to participate profitably in mortgage lending.
By offering mortgage technology and end-to-end fulfillment services, Promontory MortgagePath helps community banks build franchise value and expand relationships with their customers while establishing mortgage businesses that can withstand all market conditions.