Metavante, a provider of banking and payments technology, has announced that SunTrust Mortgage, has successfully deployed its online point-of-sale (POS) technology in its retail and third-party mortgage operations.
Metavante has stated that SunTrust Mortgage is using Metavante’s origination platform to enable retail loan officers, origination call centers, correspondent lenders and mortgage brokers to instantly obtain information about SunTrust Mortgage’s products.
The company claimed that Metavante’s origination technology contains pricing functionality that allows SunTrust Mortgage to provide customized, risk-adjusted pricing in an increasingly complex mortgage environment. The solution also provides integrated access to processing services and automatically generates rate sheets from the lender’s stored product guidelines.
Sterling Edmunds, president of SunTrust Mortgage, said: “With Metavante’s origination platform we have an ability to implement and adhere to investor guidelines and risk-based pricing. We are intensely focused on credit quality and the overall quality of each loan file itself, especially since the mortgage lending process has become increasingly more complex. By pushing our rules to the point-of-sale we believe that we have improved the customer’s experience and are able to present the right product at the right price from the very beginning of the application process.”
Jamie Geschke, president of Metavante Banking Solutions, said: “Our origination solution supports the banks’ requirements including integrated product eligibility, pricing and underwriting conditions engine that empowers the user to offer appropriate loan products and complete the application process in much less time.”
Virginia-based SunTrust Mortgage is a wholly owned subsidiary of Atlanta’s SunTrust Banks.
