Gallus Insights, as provider of proprietary technology that helps lenders and servicers make better decisions using internal and external data, has released an upgraded version of its cloud-based analytics platform to help clients better navigate market shifts. The latest version of the platform includes a new Home Mortgage Disclosure Act (HMDA) reporting tool and comes on the heels of $1 million in pre-seed funding.
In the normal course of business, mortgage companies create an enormous amount of new data that includes origination metrics, employee information, corporate data about earnings, investors and capital markets, and more. But most of this data resides in disparate systems and formats, including images and video, making it difficult to access, analyze and distribute across an organization without significant capital and human investment.
Using its cloud-based advanced analytics platform, Gallus connects directly with a mortgage company’s disparate internal systems and databases and turns data into insights for managers and C-Suite executives. The company’s technology brings data into a computable environment and delivers relevant, quantitative insights so real estate finance firms make better decisions.
Released today, the upgraded Gallus platform includes a beta version of a new HMDA tool to deliver competitive intelligence at the user’s fingertips. The Gallus HMDA tool allows users to pull insights on the total market, specific geographies, products and even peer lenders. Unlike other HMDA reporting methods that use static data sources and are extremely difficult to read and understand, the new tool delivers insights in seconds with vivid detail at a level that does not exist in the market today.
“Mortgage leaders cannot manage effectively if they cannot measure their operations,” Gallus Insights Co-Founder and CEO Augie Del Rio said. “At the same time, hiring an entire team of people to process and analyze data manually is expensive, time-consuming and prone to error. With our updated platform, we’ve invested in the most current and productive technology to accomplish these tasks efficiently and generate stronger insights, so that home lenders and servicers don’t have to.”
The improved platform comes on the heels of $1 million in pre-seed funding that has been secured from current clients and other industry participants.
“I was a Gallus customer who saw firsthand how Gallus‘ platform can deliver insights in seconds at a level of detail that was previously unattainable,” said Brady Yeager, a Gallus pre-seed investor. “After we utilized the platform and saw the benefits for ourselves, I was compelled to invest in Gallus and be a part of its success.”