• by Ray Schultz , August 3, 2018

MonitorBase, a provider of a data and analytics platform, has launched a service to help mortgage lenders extend credit offers via email.

The tool will allow firms to communicate faster than they would with “a traditional, single-channel method such as direct mail," states Louis Zitting, CEO of MonitorBase.

The new solution enables lenders to digitally deliver credit offers, track engagement and meet regulatory requirements, including those contained in the Fair Credit Reporting Act, CAN-Spam, Dodd Frank, Reg Z, TCPA, the Mortgage Disclosure Improvement Act and state laws, the company claims.

Zitting adds, "We are living in a digital world and lenders are looking for new ways of expanding engagement with their customers through digital methods"