Mortgage Builder acquires LXE Software [Mortgage Banking]
(Mortgage Banking Via Acquire Media NewsEdge) Southfield, Michigan-based Mortgage Builder Software, a provider of loan origination software (LOS) and loan servicing software (LSS), has acquired Denverbased LXE Software Inc. LXE Software, a provider of customer relationship management (CRM) and product pricing and eligibility engine (PPE) technology, has more than 50 clients, several of which are also current Mortgage Builder clients.
LXE Software's flagship product, LoanXEngine, combines the essential services of lead management, product pricing and eligibility, and CRM workflow into a single, easy-to-use platform. As part of the acquisition, Alan Johnson, the company's founder and chief executive officer, will remain with the company and become a senior executive within the Mortgage Builder management team. LXE Software's other employees will also remain, and the offices in Denver will form the nucleus of Mortgage Builder's physical presence in the western United States.
LoanXEngine will be integrated into Mortgage Builder's new LOS platform, Architect, which launched in October with an array of major enhancements and a new look. LoanXEngine will continue to be available as a standalone product that works seamlessly with any loan origination software system. "LoanXEngine is very popular with its users, so we will make sure they can continue to enjoy its superior features with full support," said Keven Smith, Mortgage Builder's president and chief executive officer. "It's an incredibly dynamic product that brings great value to loan officers on the front end of the mortgage process, as well as to secondary marketing efforts."
"Mortgage Builder stands alone as an independent company offering an end-to-end-to-end technology that blends loan origination and loan servicing within a common structure," said Johnson. "LoanXEngine brings the very front part of the process into the equation, making Mortgage Builder the only 'front-to-end-to-end-to-end' company, with top-quality CRM, PPE, LOS and LSS technologies."
LoanXEngine comes in standard and enterprise editions to serve organizations of all sizes and needs. It is Web-based, supports Pocket PC and iPhone® browsers, and features configuration options for retail, wholesale and online origination business models. The company's LoanXWeb component turns lender and partner websites into dynamic 24x7 instant-offer systems, while intelligently assigning loan officers, generating emails, finding bestexecution pricing and performing other critical functions.
Kelli Himebaugh, corporate vice president of Mortgage Builder, will be tasked with expanding LoanXEngine's customer base along with bringing its benefits to current and future Mortgage Builder clients. "Our clients will love what the addition of LoanXEngine will do for their origination efforts," she said.
According to Himebaugh, LoanXEngine "automates so many parts of the marketing and origination process that it truly harmonizes with Mortgage Builder's service orientation."
(c) 2012 Mortgage Bankers Association of America
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