Infosys, a global leader in digital services, has announced a strategic collaboration with Better Home & Finance Holding Company to launch Mortgage as a Service (MaaS), a comprehensive end-to-end digital mortgage platform. This white-labelled AI-driven solution aims to transform mortgage operations for banks and credit unions, offering a seamless digital mortgage and home equity loan experience.
Revolutionizing real estate: Mortgage transformation, new business models and home ownership ecosystems
Key features of MaaS
• Integrated technology & operations: MaaS provides an integrated white-labelled platform that combines cutting-edge technology with streamlined operations. This AI-driven solution covers the entire mortgage process, from point of sale and pricing to underwriting, loan origination, closing, funding, and investor sale.
• Cloud-native platform: Better's proprietary digital technology, embedded within MaaS, is built to be cloud-native. This ensures flexibility, scalability, and efficiency throughout the mortgage lifecycle.
• Proven success: Better has already funded over $100 billion in fully digital loans for the industry. The company's track record is highlighted by Ally's recognition as the #1 Digital Mortgage Platform by J.D. Power.
• Operational stability: Glenn Brunker, Head of Ally Home, commended the collaboration, stating that leveraging Better's digital platform has helped them limit operational volatility amid evolving industry dynamics and interest rate fluctuations
The collaboration between Infosys and Better signifies a significant leap forward in the digital mortgage landscape. Mortgage as a Service is poised to redefine industry standards, offering a comprehensive, efficient, and innovative solution that addresses the evolving needs of banks, credit unions, and customers in the fast-paced digital era.
