The new integration, now live, gives Doxim's Loan Origination
Solution (LOS) clients access to deals from 20,000+ brokers across
Canada available through the
Filogix Expert broker network.
MARKHAM,
ON, May 7, 2024 /PRNewswire-PRWeb/ --
Doxim® (http://www.doxim.com), the leading customer
communications management (CCM) and engagement technology provider
serving highly regulated markets, today announced the official
launch and availability of the Filogix broker channel integration
that connects Doxim credit unions with the Filogix broker network,
giving clients the ability to grow their business and bid on
broker-led mortgages previously unavailable to them. This solution
integrates the leading mortgage broker channel POS systems by
Finastra, Filogix Expert with Doxim's Loan Origination System
(LOS), which enables Doxim clients to seamlessly bid on and accept
deals from new sources.
Lenders using Doxim LOS can receive submissions, send decisions,
collaborate, and communicate with the broader broker ecosystem.
These credit unions will also gain access, through the LOS portal,
to rich data about any new customers acquired, helping them
identify additional service and cross-sell opportunities.
"We are excited about launching the Filogix integration and
unlocking new mortgage lending opportunities for our credit union
customers," said Shah Usama Javed, Vice President, Product, CEM.
"This integration was identified by our customers two years ago as
something that could equip them to forge strong broker
relationships, create a new mortgage experience, expand their
membership base with lending opportunities and replicate the big
bank advantage."
Brokers shop around to find their clients the best mortgage and
work with a few financial institutions. Many credit unions cannot
participate in this process and develop relationships with high
performing brokers – because they do not have a mortgage POS
connection into the broker network.
Doxim LOS clients can now participate in these broker networks
using the Doxim LOS platform integration with Filogix POS –
accessing, reviewing lending opportunities, and making funding
decisions.
"We're pleased to be part of the successful integration of
Doxim's LOS platform with Filogix POS to help give financial
institutions like credit unions a better approach to business,"
said Scott Biel, Doxim's Chief
Revenue Officer. "It's especially exciting to see the significant
benefits to our customers, who can now participate in these broker
networks to access and review crucial lending opportunities and
make critical funding decisions."
How do Credit Unions Benefit?
- Easy, turn-key access to the broker channel POS network using
Doxim's LOS
- On-boarding of additional customers and new revenue
streams
- Smooth integration of data from broker channel POS submission
to Doxim LOS (no manual entry of data for financial
institutions)
- Geographic distribution limits (e.g., only receiving deals from
the province(s) of choice)
Credit unions seeking more information about this new solution
are urged to book a meeting with one of our leading experts at the
2024 CCUA National Conference or contact Doxim directly to learn
more about broadening broker networks and growing lending
business.
About Doxim
Doxim is the customer communications management and engagement
technology leader serving highly regulated markets, including
financial services, utilities, and healthcare. Doxim provides
omnichannel communications and payment solutions that maximize
customer engagement and revenue while reducing costs. Its software
and technology-enabled managed services address key digitization,
operational efficiency, and customer experience challenges through
a suite of plug-and-play, integrated, SaaS software and technology
solutions. Learn more at doxim.com
About Finastra
Finastra is building an open platform that accelerates
collaboration and innovation in financial services, creating better
experiences for people, businesses, and communities. Supported by
the broadest and deepest portfolio of financial services software,
Finastra delivers this vitally important technology to financial
institutions of all sizes across the globe, including 90 of the
world's top 100 banks. Our open architecture approach brings
together many partners and innovators. Together we lead how
applications are written, deployed, and consumed in financial
services to evolve with customers' changing needs. Learn more at
finastra.com
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SOURCE www.doxim.com