Path Software adds TPO channel to loan origination software

Mortgage tech company Path Software has added new third-party origination (TPO) functionality to its mortgage loan origination system.

The new capability, called Path TPO, allows users to generate loans from smaller lenders and mortgage brokers. According to the company, it’s designed to work within the client’s existing Path platform for quick setup and simple integration. 

Through the platform, brokers can prequalify loans in under 10 minutes, order credit reports, upload documents, offer their borrowers eSigning options, access automated underwriting systems, monitor loan status, and deliver loan packages.