"Our partnership with Vesta is a great example of how Pennymac continues to lead the industry through innovation, said Doug Jones, Pennymac's president and chief mortgage banking officer. Investing in and integrating Vesta's platform will further strengthen our technology ecosystem, allowing us to deliver an even faster, more intuitive mortgage experience for customers. Early results are very promising, with an increase in efficiency and improvement in our customer experience."
"Vesta's cloud-based loan origination system has been rolled out in Pennymac's consumer direct channel, with plans to extend the technology across the company's multichannel production platform, including its correspondent and third-party origination groups. Pennymac is a great partner and a tech-forward leader in the mortgage industry, said Mike Yu, co-founder and CEO at Vesta. Like us, they firmly believe that the industry needs state-of-the-art technology that supports a more operationally efficient lending process and Vesta delivers."
Pennymac has become the first major mortgage client to go live on Vesta's cloud-based loan origination platform. The platform launched in Pennymac's consumer direct channel with planned expansion across correspondent and third-party origination groups and the company's multichannel production platform. Early implementation produced increased operational efficiency and improved customer experience. The integration strengthens Pennymac's technology ecosystem, enabling faster, more intuitive mortgage workflows. Vesta's modern platform aims to reduce costs, improve loan quality, and deliver a superior customer experience. The collaboration is presented as setting a new standard that elevates the mortgage process across the industry.
Read at www.housingwire.com
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