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Mortgage Technol-ogy
names Lend-ersLogic™ Rising
Techstar of 2005 for providing "inn-ovative technolo-gy arriving
on
the grand stage
of the mortgage industry."
Read the News! |
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| Citizens National Bank |
Boston - August 9, 2008 - Citizens National Bank of Bluffton Selects LendersLogic™
for Consumer Direct Instant Online Approval to Upgrade its Online Application.
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An Improved Consumer Online Experience
LendersLogic™ with Freddie Mac Loan Prospector™ is an award-winning consumer-direct mortgage decisioning solution available to all size mortgage originators. Among the first stand-alone decisioning solutions to provide a "One Step Instant Online" decision to the consumer, LendersLogic provides more than just a simple credit evaluation. LendersLogic delivers a one-step institutional underwriting assessment right at the point of sale.
As online shoppers demand better online services, LendersLogic is helping lenders create a better experience for mortgage borrowers. Built in partnership with leading mortgage lenders by a company with nearly 10 years of e-commerce experience, LendersLogic was designed from the bottom up as a tool that can be easily implemented and used to pull applicants through the Internet channel and turn them into borrowers. LendersLogic is helping lenders attract Internet shoppers, qualify and close more loans per full time employee, and reduce direct origination costs.
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A managed web service set up and ready in just days with little or no IT department involvement
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A fully operational private labeled interface |
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One step credit evaluation and underwriting assessment |
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ROI after just a few closed loans |
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A powerful sales tool to compete with other online originators |
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Custom fields and questions |
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Data integration with your loan
origination system |
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Custom loan officer sites for top producers |
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Point of sale decisioning for call
center employees |
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...and much much more! |
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LendersLogic works hard for its customers. The seamless, easy to use interface masks the complex technology supporting the solution. The secure, fast system creates a compelling online applicant experience that strengthens the borrower's loyalty to the lender. But the real story is in the proven results. According to data compiled from a recent 12 consecutive-month period, LendersLogic originators are averaging an 84.99 percent "eligible" assessment. These facts paint a compelling picture of the success of the clean, simple design of the LendersLogic interface and its leading edge technology engine. Free to shop programs and closing costs at the beginning of the interface, the applicant can click the "Apply Now" button with confidence.
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The lure of the online approval matches the instant gratification culture of the web and helps to make LendersLogic a powerful sales tool. The wizard like application takes the consumer from prospect to approved borrower within five screens and less than 10 minutes. With more than 75 percent of first time home buyers using the Internet to begin the origination process, LendersLogic helps retail mortgage originators stop losing business to other online competitors.
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