Promontory MortgagePath Welcomes Guild Mortgage Correspondent to Investor Network – The Durango Herald
DANBURY, Connecticut, October 5, 2021 (SEND2PRESS NEWSWIRE) – Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage execution services, has announced that Guild Mortgage Correspondent is the latest addition to its investor network. As part of its comprehensive mortgage execution services, Promontory MortgagePath manages investor relations on behalf of its community lender clients, facilitating new relationships for clients seeking investor partners and adding and delivering to new investors based on existing client relationships. Guild Mortgage Correspondent is the latest investor to join the company’s extensive network of investors.
“As lenders advance their relationships with investors, their ownership of the origination processes increases – as does their earning potential. Through Promontory MortgagePath’s investor network, we have been able to deliver significant value to our clients by facilitating presentations to leading industry investors such as Guild Mortgage Correspondent and providing training to help define the our clients’ journeys to the aftermarket, ”said Debora Aydelotte, Chief Operating Officer at Promontory MortgagePath. “Given Promontory MortgagePath’s position within our clients’ organizations and our extensive network of industry relationships, it makes sense that we help facilitate and manage these vital relationships, and we are especially proud to add Guild Mortgage Match our expanding network of investors. “
In addition to making it easier for community lenders to enter the secondary market, Promontory MortgagePath can also connect community lenders to new investors or help them expand or advance their relationships with existing investors, resulting in profitability. increased. Leveraging custom analyzes to account for investor processes and tolerances when granting loans, Promontory MortgagePath ensures effective and efficient delivery of loans to investors on behalf of its clients.
Combined with Promontory MortgagePath’s comprehensive and technological mortgage execution services, lenders can maintain control of all aspects of the origination process – including its contractual relationship with investors – while drawing on the expertise of Promontory MortgagePath to create and manage compliant, efficient and scalable loan manufacturing. process that supports the objectives of the lender in the secondary market.
“As any mortgage lender knows, getting the loan is only half the battle, and for community lenders in particular, finding the right investment partnerships to support their non-portfolio products can be particularly difficult,” said the managing director and chief banking officer of Promontory MortgagePath. Paul C. Katz Relations. “We are excited to add to the pool of resources we provide to our community lender clients and look forward to enhancing their relationships with the industry’s major aftermarket investors.
As part of its educational efforts, Promontory MortgagePath released its Guide to the Residential Loan Secondary Market, which provides community lenders with an introduction to selling loans and mortgage management rights (MSRs) to investors. Lenders wishing to learn more about Promontory MortgagePath and / or its network of investors can contact Paul Katz at [email protected] Investors interested in becoming part of the Promontory MortgagePath investor network should contact Louann Bernstone, Managing Director and Head of Investor Relations, at [email protected]
About Promontory MortgagePath LLC | NMLS ID 1532373
Promontory MortgagePath is a growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive and collaborative digital mortgage platform with modern, comprehensive execution services, providing lenders with the progressive technology and scalability needed to profitably compete in today’s rapidly evolving residential mortgage market. ‘hui. Promontory MortgagePath founder, former U.S. currency controller Gene Ludwig, is widely recognized as a visionary thinker on critical issues facing financial services, and his companies are renowned for helping community lenders solve their most pressing challenges. . To learn more, visit https://www.mortgagepath.com.
NEWS SOURCE: Promontory MortgagePath
This press release has been issued on behalf of the information source (Promontory MortgagePath), which is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but is not guaranteed. Story ID: 75624 APDF-R8.2
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