Plaza Home Mortgage, Inc. announced that its BREEZE loan origination system now gives wholesale mortgage brokers a new option in generating both required disclosures and the Loan Estimate (LE) at the point of sale.
The company said its mortgage brokers now are able to initiate and send disclosures to a borrower along with the LE through the BREEZE system. The disclosures that will be sent to the borrower include broker state and federal disclosures and Plaza lender state and federal disclosures, as well as a Fannie Mae 1003 application, Plaza said.
“At the end of the summer, we introduced our new Loan Estimate capability that lets BREEZE users create LEs in five minutes or less,” Plaza Executive Vice President Jeff Leinan said in a release. “Now we are adding disclosures to complete the digital experience for brokers and their clients.
“In today’s competitive market, where every loan counts, technology enhancements and skilled account executives allow Plaza clients to offer a superior user experience and increase loan pull-through,” Leinan added.
The company said mortgage brokers can continue to use their own systems to prepare disclosures and the LE or submit the loan to Plaza, which will create and issue the LE to the borrower.