ANN ARBOR, Mich., Dec. 10, 2020 /PRNewswire/ -- Homepoint, one
of the nation's leading mortgage originators and servicers, today
announced it selected the Appian (NASDAQ: APPN) Low-Code Automation
Platform. The shift to low-code represents a significant technology
transformation for Homepoint, enabling rapid scalability and
flexibility to accommodate the needs of partners and customers
while maintaining a low-cost structure.
"The ability to evolve technology faster is becoming more
important within the operations of every business; things are
changing at a rapid pace," said Phil
Shoemaker, President of Originations at Homepoint. "By
integrating Appian's low-code technology, this gives Homepoint a
huge advantage over our competition, because it allows us to more
directly empower the business to rapidly change workflow and
business processes without going through a costly and cumbersome
software development process that often delivers only a portion of
what the business needs."
The adoption of low-code technology enables Homepoint to deliver
a more refined and seamless loan origination and servicing
experience in a variety of ways:
- Faster loan processing – Drastically reduces
processing time from hours to minutes, giving the ability to
respond to issues quickly and provide brokers and customers
accelerated certainty on applications.
- Real-time visibility – Provides easy-to-use
dashboards and interfaces giving loan officers and processors the
ability to monitor processes whenever they want.
- Improved data integrity and accessibility – Offers
reliable applications that decrease human error and allow Homepoint
to learn more about customer preferences by analyzing data to help
brokers take anticipatory steps to retain their business.
"We are excited to see low-code automation at the forefront of
the mortgage industry," said Mike
Beckley, CTO and Founder at Appian. "Low-code development is
the future of lending, as companies opt for a simple, seamless
digitized solution that maximizes speed and flexibility over
big-budget monolithic loan origination systems. The combination of
low-code speed and powerful process automation allows fast-growing
and forward-thinking companies like Homepoint to not only be
competitive but lead in their industries."
To learn more about how Homepoint is redefining the homebuying
and homeownership experience, visit homepoint.com.
About Homepoint
Homepoint is a leading mortgage
originator and servicer redefining the homebuying and homeownership
experience. The company supports successful homeownership as a
crucial element of broader financial security and well-being,
delivering a seamless and less stressful homebuying experience.
Founding in 2015 and headquartered in Ann
Arbor, Michigan, Homepoint works closely with a nationwide
network of over 5,500 mortgage broker and correspondent partners
with deep knowledge and expertise about the communities and
customers they serve. Today, Homepoint is the nation's
third-largest wholesale mortgage lender and 9th-largest nonbank
mortgage lender.
Home Point Financial Corporation d/b/a Homepoint. NMLS No. 7706
(For licensing information, go to:
http://www.nmlsconsumeraccess.org). Home Point Financial
Corporation does not conduct business under the name, "Homepoint"
in IL, KY, LA, MD, NY, or WY. In these states, the company conducts
business under the full legal name, Home Point Financial
Corporation. 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105. Toll-Free Tel:
888-616-6866. Learn more at Homepoint.com.
About Appian
Appian provides a low-code automation
platform that accelerates the creation of high-impact business
applications. Many of the world's largest organizations use Appian
applications to improve customer experience, achieve operational
excellence, and simplify global risk management and compliance.
www.appian.com
Media
Contacts:
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Homepoint
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Appian
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Brad
Pettiford
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Nicole
Greggs
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Director of Public
Relations
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Director – Media
Relations
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(734)
356-3092
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(703)
260-7868
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bpettiford@homepoint.com
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nicole.greggs@appian.com
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SOURCE Homepoint