Then, Mortgage Harmony took the stage with HarmonyLoan Central:
"HarmonyLoan Central is a client-branded web-interface for borrowers to access their HarmonyLoan. The product eliminates the need for the traditional refinance.
With a single click of the button, a borrower can reset their mortgage rate with no fees, appraisal, credit check, underwriting, and no new amortization schedule. The financial institution eliminates back office processing costs and increases loan retention, all at a premium yield. The servicer reduces portfolio churn, and the loan originator creates a recurring revenue stream via our patented compensation method. In other words, everyone wins."
Product Launched: December 2010
HQ Location: McLean, VA
Company Founded: December 2008
Metrics: Over $1.1M raised, 7 employees, 12 customers
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Keith Kelly (CEO) and Ray Crosier (President)