November 03, 2008
PyraMax Bank (Greenfield, Wis.) has selected the mortgage and consumer Loan Origination Studio (LOS) products from banking and payments technology provider Metavante (Milwaukee). The bank also has licensed the firm's Internet Direct solution.
PyraMax Bank, which operates eight branch locations and has $531 million in assets, will deploy Metavante's Web-based consumer and mortgage LOS products in conjunction with its Internet Direct solution to upgrade its entire loan origination platform. Metavante's origination technology also interfaces with the Metavante core banking solution it already provides to PyraMax, which helps improve efficiencies throughout the entire origination process, including submitting closed loan data for booking. Metavante's LOS and Internet Direct solutions feature automated decisioning and a product and pricing eligibility engine that will help PyraMax match loan products to borrower requirements during traditional and electronic mortgage and consumer applications.