Our Core Product: The Harmony Loan™

The Harmony Loan is a patented consumer-initiated interest rate-resetting mortgage with a recurring compensation structure. It allows the borrower to reset their interest rate every 120 days or more, provided their payment history meets reasonable standards. That means the homeowner can benefit from decreased interest rates without the hassle or cost of refinancing their loan. Upon the first rate reset, annual recurring sales compensation is triggered, lasting for the life of the loan. For credit unions this results in cost-saving benefits to its members. For banks, this incents the loan officer to actively manage the loan with the consumer, increasing the average life of the customer relationship, and improving investor margins.

Our Patented Platform: The Mortgage Annual Revenue Stream

Mortgage Harmony created and patented (#7292995) a unique solution called the Mortgage Annual Revenue Stream (MARS™), which along with Harmony Loans, provides a system for providing compensation to loan professionals. It features a business methodology for calculating a compensation amount paid to the loan officer and/or financial entity as an incentive to actively promote an interest rate-resetting mortgage. The patented platform is the final component needed to properly align the consumer, investor, servicer and loan originator resulting in greater values to each entity.

Our Business Model: An end-to-end solution for credit unions and banks.

Mortgage Harmony delivers the Harmony Loan to its credit union or bank partners with sales materials, legal documents, loan officer training and support, and loan servicing. This end-to-end solution enables your loan officers to begin selling in a matter of weeks. Plus, our revenue-sharing model makes us true partners with our customers.

Our Go-to-Market Strategy: The Sub Service Provider Platform

The process of introducing an innovative loan product can be bogged down by developing the necessary administrative capabilities. Writing specifications, initiating a new information technology project, booking the project on the schedule…by the time you’re ready, the market window may be closing. These issues vanish with Mortgage Harmony’s Sub Service Provider platform. For credit unions or banks electing this option, Mortgage Harmony manages all aspects of servicing requirements, such as principal and interest distribution, tax and insurance distribution, loan officer compensation management, accounting/reporting, and loan modification processing. Even the best new product is useless if it is not deployed efficiently and effectively.

Our Leadership Team: Expertise that works with you

Your loan origination solution needs to operate in harmony with your company’s business processes and produce results that reflect your business requirements. That’s where Mortgage Harmony’s deep bench of industry talent provides a significant benefit. Our process integration team includes experts with strong credentials in the mortgage and financial services industries. We understand the real-world needs and issues mortgage sellers and manufacturers face, and work with credit unions and banks to develop solutions that make the Mortgage Harmony platform fit their individual operating requirements – up to and including full customization of the platform to its specifications on an accelerated development schedule. Click here to learn more about our leadership team.