RALEIGH, North Carolina,
July 13, 2020 /PRNewswire/ -- Sapiens
Americas, a wholly owned subsidiary of Sapiens International
Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry,
announced today that Home Point Financial, a multi-channel mortgage
originator and servicer, has selected Sapiens Decision for
Mortgage Banking as a strategic component of its mortgage
platform.
Home Point Financial is rapidly growing as the nation's
second-largest wholesale lender and the 13th largest
correspondent lender. The company sought a business management
solution that leverages existing technology, while introducing a
common language between the business and IT domains to help their
2,000 associates service loans more efficiently.
"The speed by which we have needed to grow and manage change in
the complex mortgage environment was a major factor in our
selection of Sapiens Decision for Mortgage Banking," said
Phil Miller, chief operating officer
at Home Point Financial. "Decision will provide the flexibility,
efficiencies, and scalability needed to meet our company's
continued rapid growth."
"Sapiens has a proven ability to model business solutions and
deliver high quality results in record time," said Harold Westervelt, managing director of Sapiens
Decision. "We were the only vendor that offered Home Point
Financial business ownership of the solution, along with a
reduction in errors via higher quality modeling and earlier
testing. Sapiens looks forward to helping Home Point Financial
continue to grow quickly and achieve their business goals."
Sapiens Decision provides innovative, disruptive decision
management technology and a patented methodology that is producing
results for the leading mortgage and financial services companies,
impacting a significant percentage of conventional mortgages in the
U.S. today. It empowers the "citizen developer" – the business user
– to author, manage, test, change and deploy to code the business
logic that drives the organization's processes and systems. Sapiens
Decision helps firms react faster to changing conditions by
enabling them to make changes to their business logic in time
scales measured in hours or days, rather than weeks or months.
About Home Point Financial
Home Point is on a mission to create financially healthy, happy
homeowners. Our customer-first approach to lending starts
with compassionate people that help eliminate the stress of getting
a loan and owning a home. Beyond the loan, Home Point
empowers customers to get the most value from their
home investment by offering expert advice and exclusive
savings. Home Point is the second-largest wholesale lender and
the 13th largest correspondent lender in the U.S. The company is
headquartered in Ann Arbor, MI with nearly 2000
employees and 265,000 serviced customers. For more
information, visit homepointfinancial.com NMLS #7706.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property & casualty,
life, pension & annuity, reinsurance, financial &
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Media Contact
Alex Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com
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SOURCE Sapiens International Corporation