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October 20, 2016
For immediate release
Toronto, Oct 20, 2016 - Mortgage Alliance announces the establishment of a direct connection between its proprietary enterprise software MortgageBOSS™ and Paradigm Quest Inc’s (“Paradigm”) RUBI Platform. This direct connection between MortgageBOSS and Paradigm, without a 3rd party intermediary, is the first of its kind in Canada. It is currently in testing and the launch is expected shortly. Further exciting innovations are planned to be phased in post the initial launch.
The connection will allow MortgageBOSS™ users to take applications from the web, desktop, or mobile to pull their choice of credit bureau, and to submit the complete application along with supporting information and documentation directly to any of the Paradigm brands, which include MERIX Financial, Lendwise, RightMortgage®, and others. To enhance the user experience, this direct connection also provides brokers with the ability to interact real-time with their dedicated credit team. The initial phase of development provides greater efficiencies for brokers and their customers and becomes the foundation for planned developments which include integrated conditions fulfilment, superior risk management tools, document collection and connectivity to a multitude of 3rd party suppliers.
“We’ve invested in developing an enterprise technology that allows us to create opportunities for our brokers, our lender partners, and our industry suppliers. The innovative leadership team at Paradigm Quest has made this achievement possible and we are very appreciative to be working with an organization that understands our goals and is willing to be part of the evolution in the mortgage application process.” said Michael Beckette, CEO of Mortgage Alliance. “Our relationship with other technology providers remains strong since our only objective is to help our brokers by providing an end to end solution that allows them do more, do it easier and build a business with enduring value.” he continued.
“We are extremely honoured and excited about this innovative partnership and our future together towards revolutionizing the broker and customer experience. For the first time, Canadian mortgage brokers have direct access to a lending facility. This increases transparency, simplifies mortgage processing and improves service levels. Our mortgage broker partners will experience vast improvements in efficiencies with this unique workflow connection, which ultimately results in improving their competitive edge. This is just the beginning of bringing tremendous technology & innovation to the market!" states Kathy Gregory, President & CEO, Paradigm Quest.
This is the first of a series of Lender Direct connections Mortgage Alliance will complete by year end. We are currently working with a number of lenders who are committed to provide mortgage brokers with the flexibility and choice that helps them grow their business by connecting directly or through their technology provider of choice.
About Mortgage Alliance:
Mortgage Alliance is part of the Mortgage Alliance/Multi-Prets Group which now includes Invis and Mortgage Intelligence. The group is the largest mortgage brokerage in Canada and one of the largest broker networks with over 3,000 brokers, 100 franchise companies, and 80 independent affiliate brokerage companies that use MortgageBOSS™. With corporate offices in Montreal, Toronto, Calgary and Vancouver, our professionals help thousands of Canadians reach their home ownership and financial goals while generating over $22 billion dollars in mortgage volumes annually.
Launched in 2005, Paradigm Quest Inc., www.paradigmquest.com, is a leading Canadian mortgage underwriting and servicing business process outsourcing company. The company has experienced rapid growth and currently services over $24 billion in residential mortgages across Canada. Operating with proprietary, end-to-end, state-of-the-art technology and with extensive knowledge of the Canadian mortgage market, Paradigm offers a customizable business process management solution for multiple banks and other mortgage lenders. Paradigm has offices in Toronto, Vancouver, and Montreal and is a ranked mortgage servicer by Standard & Poor's, partnering with over 14 different mortgage brands in the marketplace.
For Further Information:
For media related inquiries for Mortgage Alliance, contact Michael Beckette, CEO Mortgage Alliance or Christa Mitchell, The BOSS Lady at 647-404-6150 or firstname.lastname@example.org
For media related inquiries for Paradigm Quest Inc., contact Kathy Gregory, Founding President & CEO, or Donald Zuill, CFO, at 416-366-8606 x 2544.