CMS seeks to be gold standard in mortgage origination tech
Summary
Southfield, Michigan-based CMS will debut its new NOVA loan origination solution next month at the Mortgage Bankers Association’s annual conference, where it’s a silver-level sponsor. Mortgage Builder was acquired in 2019 by Constellation Real Estate Group (CREG), the Toronto-based owner of a portfolio of brands including Market Leader, TopProducer, Real Estate Digital (RED), Smartzip and Constellation1, which in April signed a deal with Redfin to power home search and other listing services in the company’s new markets. Not only does CMS have a backer with deep pockets and real estate expertise, but its goal of providing an end-to-end enterprise solution could help it compete with larger players. “Introducing NOVA to the industry combines our expertise in loan origination with creative thought that includes our client’s input to bring a product unlike any other on the market,” CMS Chief Revenue Officer Kelli Himebaugh said, in a statement. “When you look at this new LOS in combination with CMS’ excellent record of 120 days for implementation, we are setting the gold standard in mortgage origination tech.” Get Inman’s Extra Credit Newsletter delivered right to your inbox.
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