{"id":78904,"date":"2022-02-11T07:00:40","date_gmt":"2022-02-11T12:00:40","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=78904"},"modified":"2022-02-10T18:27:32","modified_gmt":"2022-02-10T23:27:32","slug":"new-jersey-bankers-association-endorses-promontory-mortgagepaths-mortgage-fulfillment-services-and-pos-technology","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/new-jersey-bankers-association-endorses-promontory-mortgagepaths-mortgage-fulfillment-services-and-pos-technology\/","title":{"rendered":"New Jersey Bankers Association endorses Promontory MortgagePath’s mortgage fulfillment services and POS technology"},"content":{"rendered":"

DANBURY, Conn., Feb. 11, 2022 (SEND2PRESS NEWSWIRE) — Promontory MortgagePath LLC<\/a>, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the New Jersey Bankers Association (NJBankers) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet\u00ae.<\/p>\n

\"Promontory<\/em><\/p>\n

As an endorsed service provider, NJBankers recognizes Promontory MortgagePath\u2019s mortgage technology and end-to-end fulfillment services as a solution to help banks maintain profitability and enter or reenter the mortgage business. Promontory MortgagePath\u2019s solutions reduce mortgage origination expenses and infrastructure while enabling community banks to retain a full product suite. Through this technology, community banks can shift from fixed mortgage-operation costs to a variable cost model, providing the ability to maintain staffing and reduce impact from market cyclicality.<\/p>\n

\u201cWe\u2019re excited to bring on Promontory MortgagePath as an Endorsed Provider,\u201d said John E. McWeeney, Jr., President and CEO of NJBankers. \u201cIts product and service offerings will provide value and operational efficiencies to our member banks.\u201d<\/p>\n

Residential lending provides banks an opportunity to increase revenue and create opportunities for core deposits and customer cross-selling. Promontory MortgagePath is committed to empowering banks to participate profitably in mortgage lending by offering mortgage technology and end-to-end fulfillment services \u2014 boosting community banks\u2019 ability to build franchise value and expand relationships with their customers while establishing mortgage businesses that can withstand market conditions. Despite Promontory MortgagePath\u2019s comprehensive model, providing both the technology \u2014 including a POS and LOS \u2014 and back-office operational support, such as processors, underwriters and closers, all loans are issued in the bank\u2019s name. Banks retain control over the product mix and pricing, ensuring mortgage operations remain in line with the bank\u2019s overall risk appetite and growth plans.<\/p>\n

\u201cOur mission is to strengthen the community bank franchise model with a mortgage platform that enables them to expand their customer base and increase profits,\u201d said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. \u201cBeing endorsed by the preeminent advocate for N.J. banking validates PMP\u2019s solution and the outstanding value it brings to the NJBankers members.\u201d<\/p>\n

About\u00a0NJBankers:\u00a0<\/strong><\/p>\n

Founded in 1903, the New Jersey Bankers Association (NJBankers) is a trade association representing 70 banks and 176 service providers. NJBankers provides a variety of services to members including government relations at both the state and national levels, education and professional development, and employee health and welfare insurance programs through its licensed insurance brokerage facility, Bankers Cooperative Group.<\/p>\n

About Promontory MortgagePath LLC | NMLS ID 1532373\u00a0<\/strong><\/p>\n

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today\u2019s rapidly changing residential mortgage market. Promontory MortgagePath\u2019s founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https:\/\/www.mortgagepath.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

DANBURY, Conn., Feb. 11, 2022 (SEND2PRESS NEWSWIRE) — Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the New Jersey Bankers Association (NJBankers) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.<\/p>\n","protected":false},"author":8350,"featured_media":78901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,156,1,517,38,10711,5],"tags":[205,3882,17688,17689],"class_list":["post-78904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-banking-news","category-business-news","category-connecticut-news","category-finance-news","category-fintech","category-technology-news","tag-depthpr","tag-mortgage-back-office","tag-new-jersey-bankers-association","tag-njbankers","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":6071,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/78904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/8350"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=78904"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/78904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/78901"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=78904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=78904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=78904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}