New York-based Simplist Technologies, which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

The integrated platform, known as Sonar, has artificial intelligence (AI) capabilities to automate rote tasks and speed up workflow processes. Sonar was beta tested by more than 200 mortgage companies prior to its launch, Simplist explained in its announcement.

“AI is set to revolutionize mortgage origination by automating the nuanced processes, reducing costs for originators, minimizing errors and ultimately providing a better experience for consumers,“ Anthony details ⇒

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