In furtherance of its mission to apply new technology to improve legacy processes and systems in the Mortgage Industry, Calterra Capital (calterra.capital) has announced the launch of LauraMac (LauraMac), a new enterprise mortgage due diligence platform designed to transform the secondary mortgage market.
Christopher Saitta, Managing Director of Calterra Capital and founding investor of mortgage industry innovators such as Equator and Resitrader, states “[w]e’re excited to see LauraMac go live, the secondary mortgage market needs modern technology to solve the challenges of loan diligence.” He went on to say, “[t]here’s never been a team of this caliber assembled to address a need of this magnitude.”
The LauraMac platform applies an advanced rules engine with proven aspects of deep learning and artificial intelligence to learn, automate and facilitate the loan diligence processes while utilizing modern APIs to connect with other industry platforms. The platform provides a suite of configurable products to enable collaboration that will 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.