About Mortgage Automation Technologies

The startup operates a market integration platform tailored for mortgage professionals, featuring a conversational multi-path dynamic application questionnaire integrated with a task-based rules engine. This technology enables clients to create customized application workflows, simplifying the loan application process for borrowers.

```xml <problem> Mortgage professionals often face challenges with complex, inefficient loan application processes that can lead to borrower frustration and increased operational costs. Traditional point-of-sale (POS) systems may lack the flexibility to adapt to evolving business needs, resulting in cumbersome workflows and reduced productivity. </problem> <solution> The Big POS offers a configurable point-of-sale (POS) solution designed to streamline the mortgage application process and improve collaboration between borrowers, loan originators, and back-office teams. The platform features a conversational, multi-path dynamic application questionnaire integrated with a task-based rules engine, enabling lenders to create customized application workflows. By simplifying consumer workflows and providing web-based portals, The Big POS facilitates efficient communication and keeps all parties informed throughout the loan process. The system's low-cost adoption model, mobile capabilities, and document management features further enhance its value proposition for independent mortgage bankers. </solution> <features> - Dynamic POS to LOS integration with a configurable lender administration portal - Conversational, multi-path dynamic application questionnaire for borrowers - Task-based rules engine for creating customized application workflows - Web-based and mobile application versions for loan officers and consumers - Bi-directional LOS integration via API/SDK hybrid - Mobile pre-approvals and remote pipeline management for loan officers - Document management system with secure, encrypted environment - Integration with Xactus for soft-pull credit reports - Integration with Halcyon for direct IRS validation - Integration with FormFree for income and asset collection - Optional MAT Kiosk hardware integration for lead capture and direct access - White-labeled mobile app (available with BIG POS Pro subscription) </features> <target_audience> The primary target audience includes independent mortgage bankers, loan officers, and mortgage brokers seeking a configurable and cost-effective POS solution to streamline their loan application process. </target_audience> <revenue_model> The Big POS utilizes a per-closed-loan pricing model, charging $44.99 per loan with no minimum closings or long-term contracts. An additional lead generation service, The BIG Agent, is offered at $1 per lead, subject to a separate annual system access fee. </revenue_model> ```

What does Mortgage Automation Technologies do?

Where is Mortgage Automation Technologies located?

Mortgage Automation Technologies is based in Fairfield, United States.

When was Mortgage Automation Technologies founded?

Mortgage Automation Technologies was founded in 2020.

How much funding has Mortgage Automation Technologies raised?

Mortgage Automation Technologies has raised 3230000.

Location

Fairfield, United States

Founded

2020

Funding

3230000

Employees

19 employees

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Mortgage Automation Technologies

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Executive Summary

thebigpos.com 1K+

Founded 2020 – Fairfield, United States

Funding

Estimated Funding

$3M+

Team (15+)

No team information available.

Company Description

Problem

Mortgage professionals often face challenges with complex, inefficient loan application processes that can lead to borrower frustration and increased operational costs. Traditional point-of-sale (POS) systems may lack the flexibility to adapt to evolving business needs, resulting in cumbersome workflows and reduced productivity.

Solution

The Big POS offers a configurable point-of-sale (POS) solution designed to streamline the mortgage application process and improve collaboration between borrowers, loan originators, and back-office teams. The platform features a conversational, multi-path dynamic application questionnaire integrated with a task-based rules engine, enabling lenders to create customized application workflows. By simplifying consumer workflows and providing web-based portals, The Big POS facilitates efficient communication and keeps all parties informed throughout the loan process. The system's low-cost adoption model, mobile capabilities, and document management features further enhance its value proposition for independent mortgage bankers.

Features

Dynamic POS to LOS integration with a configurable lender administration portal

Conversational, multi-path dynamic application questionnaire for borrowers

Task-based rules engine for creating customized application workflows

Web-based and mobile application versions for loan officers and consumers

Bi-directional LOS integration via API/SDK hybrid

Mobile pre-approvals and remote pipeline management for loan officers

Document management system with secure, encrypted environment

Integration with Xactus for soft-pull credit reports

Integration with Halcyon for direct IRS validation

Integration with FormFree for income and asset collection

Optional MAT Kiosk hardware integration for lead capture and direct access

White-labeled mobile app (available with BIG POS Pro subscription)

Target Audience

The primary target audience includes independent mortgage bankers, loan officers, and mortgage brokers seeking a configurable and cost-effective POS solution to streamline their loan application process.

Revenue Model

The Big POS utilizes a per-closed-loan pricing model, charging $44.99 per loan with no minimum closings or long-term contracts. An additional lead generation service, The BIG Agent, is offered at $1 per lead, subject to a separate annual system access fee.