 Loan Origination Software Comparison
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Retail Lender Solution:
This loan origination system (LOS) is a private-labeled, end-to-end secure web solution for retail lenders. User functionality includes the ability to originate register and loans online, pipeline management. Users receive decisions from DU® or LP® in seconds including the ability to create custom, lender-specific conditions.
Retail Lender Benefits
- Improve originator loyalty by providing free loan origination and instant updates.
- Network all branches through a private-labeled, centralized loan database
- Keep compliant with a watchful eye on all transactions
- Eliminate phone and email inquiries by providing real-time approval status
- Reduce overnight mail and rekeying costs through built-in imaging
- Post human resources documents, newsletters, in your portal
Retail Lender Features
- Mortgage loan processing software
- Secondary marketing software
- Underwriting software
- Closing doc interfaces built in
- DU® and LP® interfaces built in
- Funding, accounting and post closing tracking software
- Create and change user permissions and user hierarchy
Retail Originator Features
- Free web-based mortgage loan origination software
- Pipeline management with configurable interfaces
- Credit vendor interfaces built in
- Email notifications of critical changes
- Upload image files right in borrower folders
- Auto-fill look up features minimizes input
Wholesale Solution:
This loan origination system (LOS) is a private-labeled, secure, web solution for wholesale lenders that shortens the process of filing an application to receiving a funding commitment to 5 minutes. Broker functionality includes the ability to originate register and loans online, pipeline management, and two-way lender communication. Brokers receive decisions from credit, DU® or LP® in seconds including the ability to create custom, lender-specific conditions. Secondary staff receives and sends immediate notification of locks and registrations.
Mortgage Lender Benefits
- Improve customer service by providing free loan origination and instant updates to brokers.
- Provide unique, private-labeled retail and wholesale channels with one loan database
- Increase staff productivity while reducing staff requirements
- Eliminate phone and email inquiries by providing real-time approval status
- Reduce overnight mail and rekeying costs through built-in imaging
Mortgage Lender Features
- Mortgage loan processing software
- Secondary marketing software
- Underwriting software
- Closing doc interfaces built in
- DU® and LP® interfaces built in
- Funding, accounting and post closing tracking software
- Create and change user permissions and user hierarchy
Mortgage Broker Features
- Free web-based mortgage loan origination software
- Pipeline management with configurable interfaces
- Credit vendor interfaces built in
- Email notifications of critical changes
- Upload image files right in borrower folders
- Auto-fill look up features minimizes input
- InfoCenter answers all questions about the lender
Correspondent Solution
This loan origination system (LOS) is a private-labeled secure web solution for correspondent lenders that helps correspondents and the management of bulk loan lending. The software provides
lenders with an efficient and cost-effective way to handle flow, multiple submissions, batch pricing, bulk commitments, and assignments of trade (AOT).
Managing commitments with LenderAssist is a snap. Once bulk commitment and AOT terms have been established, filters notify you of which loans fit into the agreed commitment parameters.
 Correspondent loan origination system benefits
Mortgage Lender Benefits
- Improve customer service by providing free loan origination and instant updates to brokers.
- Filters determine where the loan should be routed depending upon which qualify for bulk commitment or AOT.
- Increase staff productivity while reducing staff requirements
- Eliminate phone and email inquiries by provided real-time approval status
- Reduce overnight mail and rekeying costs through built-in imaging
Mortgage Lender Features
- Easily handle flow business
- Multiple submissions
- Batch pricing
- Bulk commitments
- Assignments of trade (AOT) hierarchy
Correspondent Benefits
- Pipeline management with configurable interfaces
- Input 1003 application data via the web portal for submission and review.
- Email notifications of critical changes
- Upload image files right in borrower folders
- Auto-fill look up features minimizes input
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