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Cloud-based mortgage customer relationship management (CRM) tool Mortgage Automator now boasts a suite of payment processing options provided by Usio Inc., including Automated Clearing House (ACH), card payments, pinless debit and real-time disbursements.
San Antonio, Texas-based Usio — which provides payment solutions to merchants, billers, banks, service bureaus, integrated software vendors and card issuers — announced Monday that integration with Mortgage Automator went live in June.
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Launched in 2013 as a document-generating tool for a small private lender in Toronto, Canada, Mortgage Automator has evolved into a full-fledged originations, servicing and investor management tool with automation
Mortgage Automator became available in the U.S. in 2019 and continues to evolve, offering integrations with CoreLogic, DocuSign, Doss Docs, Hubspot, Lightning Docs, OSC Insurance Services, PrivateLenderLaw.com and Twilio, among others.
Pavel Tchourliaev
“Our mission has always been to provide private lenders with the most powerful and intuitive software solutions,” Mortgage Automator CEO Pavel Tchourliaev said in a statement. “Partnering with Usio allows us to further enhance our platform by offering integrated payment processing that simplifies loan servicing and improves cash flow management for our clients.”
Founded in 1998 as Billserv.com, Usio is a publicly traded fintech company with a $39 million market capitalization.
Usio entered the payment facilitation business with the 2017 acquisition of Singular Payments LLC, launching its “PayFac-in-a-Box” platform the following year to partner with app and software developers in the legal, healthcare, property management, utilities and insurance verticals.
Usio’s 202 acquisition of Information Management Solutions LLC (IMS) put it in the electronic and paper billing business in 2020, and it now serves hundreds of customers in industry verticals including financial institutions and utilities.
Competitors include Fiserv Inc., Elavon Inc., WorldPay, Stripe and Block Inc. (formerly known as Square).
Usio Chief Revenue Officer Greg Carter said the company is excited to partner with Mortgage Automator “and help modernize how private lenders manage payments.”
Greg Carter
“Embedding our payment technology into Mortgage Automator’s platform gives lenders the tools they need to operate more efficiently, reduce friction, and deliver a better experience for their borrowers,” Carter said in a statement. “This is another example of how software vendors in all industries can benefit from the implementation of our unique PayFac-in-a-box technology.”
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