LauraMac, a provider of technology to the mortgage capital markets, announced the launch of their enterprise due diligence platform. The platform provides a suite of configurable products to enable collaboration to transform the way due diligence is performed in the mortgage industry. The SaaS platform combines a versatile rules engine with distributed workflow allowing everyone to work together in a compliant, secure and transparent environment.
“We’ve created this technology to empower our clients to make smarter and more confident decisions,” LauraMac CEO Bob Fulton said. “Our team of industry professionals have recent experience reviewing mortgage assets and have worked to solve real problems in loan due diligence. By combining automation, collaboration and configuration, we believe the LauraMac platform will transform the way the industry looks at loans in the secondary market.”
The LauraMac platform is modular. Clients can select just what they need or combine all the products for a comprehensive end-to-end solution. It also easily integrates with both proprietary and third-party systems. The platform is designed for correspondent buyers of whole loans or MSRs, investment funds acquiring mortgage assets, originators performing pre or post close quality control audits, third party review firms, servicers evaluating forbearance and modification status or any other mortgage industry company looking for an innovative business process management tool.
LauraMac was founded by Chris Saitta, who has successfully led several technology companies, including Equator and Resitrader. Saitta is the Executive Chairman of LauraMac as well as the Managing Director of Calterra Capital. LauraMac is a portfolio company of Calterra Capital (http://www.calterracapital.com)
“The power of a technology comes from the versatility of its design,” Saitta said. “Our solution delivers the scalability, security and functionality organizations need to be successful in the secondary market.”