Infosys and Better unveil MaaS: Revolutionizing digital mortgages

Open Finance
12/11/2023 News

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.

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.

Related news & insights

Digital Reinvention
11/12/2023 News

Comprehensive rules for trustworthy AI: EU navigates the Artificial Intelligence Act

The provisional agreement on the Artificial Intelligence Act reflects a commitment to balancing innovation with the protection of fundamental rights,...

09/12/2023 News

Cover Whale unveils AI chatbot "Bob" for commercial trucking insurance

Bob enhances communication between agents and policyholders, significantly improving response times critical for Cover Whale's growth.

Open Finance
08/12/2023 Interview

NewTech Friday: Bizum – Real-time mobile payment solution from Spanish banks

Bizum is a leading Spanish instant payment service company. Its Business Development Manager Fernando Rodríguez Ferrer presents the company and...

Digital Reinvention
07/12/2023 Interview

Charting the future: Inside Allo Bank's vision for digital banking in Indonesia

Embark on a journey through the digital landscape of banking as we sit down exclusively with Indra Utoyo, the President...

Digital Reinvention
06/12/2023 Interview

Innovation unleashed: Navigating the future with Lloyd's Lab

Innovation lab, innovation center, whatever the name, companies need to centralize their innovation activities. But how do they operate effectively?...

06/12/2023 News

NAVER Pay unveils "My Insurance Analysis" for independent peer-comparison of premiums

This feature, an upgrade from the previous "All-in-One Insurance Overview," allows users to independently assess their insurance needs with data-driven...

06/12/2023 News

ING unveils the "ING Network" – A new financial hub in Padua

ING Italy gears up to unveil its latest venture, the inaugural "ING Network" in Padua. This innovative financial store is...

Digital Reinvention
05/12/2023 Study

Innovation Radar: Banking Innovation Awards winners 2023

This year we received 452 innovations from 182 institutions in 61 countries in 2023 – a true showcase for innovation...