Whether you are an established correspondent banker, a mini correspondent, or wanting to enter the correspondent lending market without much expense and less risk, the new platform provides lenders with a scalable, efficient and cost-effective way to do so. It is designed to handle delegated or non-delegated options, bulk commitments and assignments of trade (AOT). Used with our comprehensive product and pricing engine, and automated lock desk, the correspondent module provides detailed, pull through analysis and robust reporting.
Instant two-way communication allows lenders to receive decisions including the ability to create custom, lender-specific conditions. Secondary staff receives and sends immediate notification of locks and registrations. All communication is documented and tracked through the system.
Correspondent Lender Benefits
- Increase staff productivity, reduce staff
- Filters route loans for bulk or AOT
- Reduce overnights and rekeying with document imaging