Canopy’s proprietary loan origination software (LOS) and POS, fueled by its native product, pricing and compliance engine, have allowed its consumer direct and retail divisions to manufacture loans at a much lower cost than its competitors. Nano, Canopy’s unified, end-to-end tech stack solution, works to do what matters most for its clients.
Nano has improved the cost of production by unifying the codebase and database across all operations. The result is an intuitive and coherent process for all stakeholders. That coherent process allows Nano to scale mortgage production, as it simplifies the process and empowers less experienced team members to perform jobs normally reserved for those with more experience. Nano has a simple user interface and a native system of guardrails that make it difficult for users to make costly mistakes. It also deploys intuitive, event-driven workflows that allow team members to work simultaneously on loans.
The Stratmor Group conducted an independent study on Canopy’s proprietary loan origination software (called Nano) and found that the LOS dramatically decreased the cost to originate a loan. Nano allows Canopy loan officers to originate a loan at 34% lower cost than peer averages.
Company Website:
https://canopymortgage.com/about-us/
Markets Served:
Loan Origination, Servicing, Secondary, Closing and Loan Origination Software (LOS)
Company HQ:
Lindon, UT
