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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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A web-based mortgage decisioning solution that provides a
credit evaluation and an underwriting assessment. The "smart" form
is set up with the lender's business processes and collects the minimum
amount of information required to provide an assessment. The application
supports purchase, refinance, and buyers seeking a pre-qualification approval.
It supports primary homes, second homes and investment property. The seven
simple screens support one primary and up to four co-borrowers. Context
sensitive help on every question allows a borrower to complete an application
in less than 10 minutes. Error checking on every page makes sure the application
is ready prior to submission. Upon submission, a credit report and Freddie
Mac underwriting assessment are returned in just seconds. Loan officers
may easily manage users and applications from a robust and intuitive customer
pipeline administrative area with built in e-mail contact system. Application
data is easily exported to most Loan Origination Systems (LOS). |
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LendersLogic ™ runs
in a highly secure environment that meets Federal and State Regula-
tory
Guidelines for protecting company and consumer data integrity and confidentiality.
LendersLogic™ meets the Gramm-Leach-Bliley Act (GLB)that requires
financial institutions
and their vendors to meet GLB guidelines for
the protection of customer information and privacy. |
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| The solution allows
lenders to private label the application with their logo and color
scheme. Custom fields and text can be added and questions customized
so that the application more fully meets a lender's business needs.
Lenders with multiple business units can open a web storefront for
each unit and customize each storefront to meet different business
needs. |
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An online, secure
customer-pipeline database allows a lender to review and edit applicant
information from anywhere in the world. Reports and queries can be
easily generated. An
e-mail contact system is built in. Borrower data
from approved applications can be
exported to a FNMA 1003 v3.2 compatible
file and then imported into any loan origination system (LOS) that
supports FNMA 1003 data. |
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