Sapiens Americas, an insurance software provider, has announced that Home Point Financial has selected Sapiens Decision for mortgage banking to increase operational efficiency and help drive growth.
The business-management tool, which is powered by machine learning and AI technology, allows Home Point’s business users to oversee the implementation of every decision across the organization. Sapiens Decision for mortgage banking also enables users to independently author, validate, test, and deploy business decision logic.
“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.”
Additionally, Sapiens Decision for mortgage banking assesses the impact of any regulatory change and enable business users to design new sustainable models to meet evolving regulatory requirements.
“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.”