PMSI, a provider of tech-enabled investor reporting and accounting solutions, has announced its engagement by Dart Bank to deliver comprehensive investor reporting and accounting services. Dart Bank, a Michigan-based financial institution established in 1925, will utilize PMSI’s Q platform to support its operational objectives.
William J. Hufnagel, President & CEO of Dart Bank, commented on the collaboration: “Behind every loan we service is a customer, a family, or a business that is counting on us to get it right. Partnering with PMSI helps us move faster and stay flexible while maintaining accuracy, which translates into a better experience for our customers and partners.” The Q platform aims to provide residential mortgage servicers with increased efficiency, quality, scalability, and operational flexibility to adapt to market shifts. It also seeks to reduce technical debt and the risk of financial loss, while strengthening relationships between investors and servicers.
Dan Thompson, CEO of PMSI, stated: “We believe value and success are created when two partners share the same core values. Dart Bank is known for its relationship-driven approach and forward-thinking solutions and so are we. We are excited about the long-term opportunities ahead.” PMSI, based in Henderson, Nevada, has focused on data-driven residential mortgage investor reporting and accounting for 25 years, aiming to improve operational efficiency and provide transparency into investor cashflow errors.
Dart Bank, headquartered in Mason, MI, operates 13 offices with over 360 employees across 23 states, managing assets exceeding $1.3 billion. The bank offers mortgage lending, treasury management, commercial banking, wealth management, payment processing, and cannabis banking services.