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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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| LendersLogic™ offers
the option for account holders to have customized "Storefront" web
sites. For Example, a large bank could open an account and then set
up a private labeled application for each of its retail subsidiaries.
A mortgage company could open an account and provide a private labeled
web site application for each of its loan officers. A high volume Internet
lender could set up a point of sale solution for call center employees.
A broker could have a private labeled web site for each state they
do business in. |
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Loan Officer Web Sites |
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Top producers today want the option
of being able to send people to their own customized web site to
apply online and most mortgage companies today want to give their
top producers what they want. Applying online not only makes it
convenient for the borrower, but it saves the loan officer time
and allows the loan officer to work on more loans faster. It is
not unusual for a loan officer to send 20 to 30 percent of their
repeat business to the online application. This helps to increase
volume while keeping costs down.
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Call Center Employees |
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Higher volume mortgage companies
may use a call center to handle leads. By using LendersLogic for
a call center, all call center employees become experts no matter
how inexperienced. Rates, closing costs, and monthly payments are
calculated in real time. The call center employee simply enters
the data in the application and submits the application for a decision.
All call center employees may have their own sales administrative
area for managing customer applications. The data is easily exported
to the lender's loan origination system for processing.
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Affiliated Web
Sites |
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Our banking customers use LendersLogic
to provide each one of their subsidiary banks with its own private
labeled application. Credit Union Service Organizations use it
to provide each member credit union with their own custom application.
Mortgage companies set up customized web site applications for
remote offices or for each state they do business in. LendersLogic
makes management easy since all rate programs are managed from
one central account.
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Pricing Features Admin
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