Mortgage Automation Technologies unveils Halcyon Direct to Consumer Integration


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Mortgage Automation Technologies (MAT), a technology company that has developed The BIG Point of Sale, a next-generation web point of sale system, announced today that their system is successfully integrated with Halcyon, an innovative technology company specializing in advanced IRS Tax data integrations. This collaboration leverages Halcyon’s direct IRS integration and the BIG Point of Sale consumer web portal to allow consumers to complete a simplified workflow so lenders can access consumers’ income and tax filing information with their permission.

The BIG Point of Sale and Halcyon collaborated to build the integration of their products on the latest loan origination system APIs. The integration allows The BIG Point of Sale to send the Halcyon borrower income data package to customized loan origination system fields; by doing so, lenders are no longer bound to data locked into tax transcript PDFs. The integration is now available for demo and implementation.

“The Halcyon team made it possible for us to leverage all of the capabilities of The BIG Point of Sale portal to allow consumers to self-validate their income and identity directly with the IRS,” said Jerry Melia, President of Mortgage Automation Technologies. “Being an integrated partner with Halcyon will allow our solution to drive new levels of outreach. Halcyon’s state-of-the-art technology will rapidly accelerate The BIG Point of Sale’s features and reduce lender loan manufacturing cost.” The BIG Point of Sale offers a configurable solution with a mixture of consumer and origination portals in multiple formats, including web landing pages, mobile applications, and kiosks.

With the Halcyon integration, The BIG Point of Sale has built a module allowing consumers to electronically sign IRS authorization documents from their mobile devices. Additionally, utilizing The BIG Point of Sale and Halcyon integration, the IRS data is passed directly back to loan level-fields within the loan origination system. It allows detailed consumer income data to be clearly reviewed by the underwriting team.

Also Read: How AI is Reshaping the Open Banking Landscape

“We are excited to work with The BIG Point of Sale team to provide our ground-breaking income verification solution directly to the consumer workflow,” said Kirk Donaldson, CEO of Halcyon. “Our technology delivers an efficient and cost-effective solution, ensuring a quicker, more accurate, and efficient income verification process for borrowers and lenders. I’ve seen this in action, and it’s amazing. The future of the Point of Sale today is the marriage of hardware and intuitive software that can be deployed to the customer anywhere.”

Recently, Halcyon announced they are officially a Freddie Mac Loan Product Advisor (LPA) asset and income modeler (AIM) service provider for income verification. The BIG Point of Sale is the only POS to have Halcyon’s service integrated into its platform.

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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