SBI Canada Bank Now Using Delta 360’s Leading-edge LMS360 Mortgage Origination Platform
Posted by Bill Rudzitis
MARKHAM, ONTARIO, January 18, 2021 — Delta 360 Inc., a leading provider of mortgage and lending software solutions, is pleased to announce that SBI Canada Bank has implemented the LMS360, multi- channel, origination platform for both branch and broker originated mortgages. LMS360 is a workflow-enabled platform that allows financial institutions to streamline the entire origination process from receiving applications, through to underwriting, conditions management and funding. The LMS360 rules engine streamlines the decision process and ensures mortgages are decisioned accurately and quickly.
“Our collaborative process and dynamic software platform allows us to package LMS360 as a truly customized solution, specific to SBI Canada’s unique lending requirements,” says Derek Cook, President of Delta 360. “We are proud to have SBI Canada on our LMS360 platform, providing them with the next-generation solutions they are looking for.”
SBI Canada Bank is happy to collaborate with Delta 360 to provide its customers with a fast turnaround time powered by Delta 360’s LMS360 mortgage origination platform.
About Delta 360
Delta 360 Inc. is a Canadian-based software and technology provider, focused on delivering superior mortgage and lending solutions to the Canadian financial industry. The company’s LMS360 software solution is a complete end-to-end mortgage origination and servicing platform comprised of various modules that can be used independently, or as an entire product suite.
Leading financial institutions trust LMS360 to provide them with customized solutions including origination (underwriting/advancing), condition management and disbursement of funds, servicing including payment collection and changes, municipal tax administration, securitization, portfolio management, renewals, payouts, discharges, ports, assumptions, arrears management, documentation management and reporting.
About SBI Canada Bank
SBI Canada Bank was incorporated in 1982 as a wholly owned subsidiary of the State Bank of India, India's largest commercial Bank in terms of assets, deposits, no of branches, employees and profits. SBI Canada Bank is a Schedule II Canadian Bank listed under the Bank Act and is a member of Canada Deposit Insurance Corporation. SBI Canada Bank provides banking services to meet the needs of our retail, commercial and corporate customers, including accounts, credit cards, mortgages, loans/lines, remittances and more.
SBI Canada Bank offers friendly in-person service at it’s branches in Toronto, Mississauga, Scarborough and Brampton in Ontario, and Vancouver and Surrey in British Columbia. The bank offers products and services customized to the needs of individuals and businesses, including an easy online account-opening process, an intuitive mobile banking application (YONO SBI Canada) and various loan products including residential mortgages. SBI’s extensive branch network in India and SBI Canada Bank’s presence here makes them a preferred banker for new immigrants who can connect both with the bank and its services across borders. The Bank has an attractive program for new immigrants from India looking to buy their dream home in Canada.