Guide, Bulletin, Announcement and Rate Publishing

This function allows the company to maintain an online Product and Program Guide tied to the rules in the qualification engine. The user simply clicks on the product and the relevant guide section is displayed.

Loan Qualification

The user is able to qualify and view base pricing on a scenario based on your product guidelines or those of a number of Investors in our rules library.

Loan Registration

The user is able to Register a loan as a float or lock online. The pricing engine calculates all adjustments, including loan specific ones, produces a loan number and tracks the transaction.

Secondary Marketing

Through the Secondary Marketing Pipeline, a user with the appropriate permissions can manage interest rate risk by tracking commitment periods and interest rates and prices. The user can lock with an investor, relock, extend or edit the registration screen. For more sophisticated reporting, reports supported by Flatirons Capital can accurately track pipeline performance and revenue.

Take an Application

The user may take an application either manually or import from another LOS, produce the relevant processing documents and initial disclosures.

Export to DU

A user with the appropriate permissions may submit the loan electronically to DU for a finding.

Retrieve Credit

Credit can either be pulled in with the DU file or separately.

Imaging

Imbedded within the system is an imaging platform that allows the user to process, underwrite, fund and track the loan in a paperless fashion. All documents received electronically or produced by the system are automatically provided bar codes. Custom workflows move the loan through your process, notifying your staff when files are available or requested documents received. It also manages the workflow in group queue to insure efficient processing. Individual imaged documents are tied to related pages in the systems screens for efficient viewing.

Processing

Our review screens allow the user to verify documentation without fumbling through files or entering and exiting various systems. If OFAC or Fraud Alerts are present a fraud detection screen is launched leading the reviewer through the documentation. The transaction contacts are always at the ready for easy accessibility to addresses, e-mail and phone numbers. Pre-programmed lists of approved vendors, such as Appraisers, are available as well for quality assurance purposes.

Underwriting

Once the loan is processed, it is transferred to an underwriter electronically. The processing functionality is disabled to maintain data integrity. The user, within the system, can order MI, enter HMDA data and complete a 1008 and notice of loan approval or declination.

Closing

When a clear to close has been given, a user may schedule closings and prepare closing documents within the system. Documents prepared within the system are automatically coded and version controlled. Information contained in the documents are verified as the latest data and auto populated.

Funding

The user can clear any purchase clearing items, either internally or externally, manage warehouse lines and order wires. An interface to the users accounting systems can be created to upload all data to the GL.

Post Closing

The user can transfer the loan to the company’s servicing system, register and transfer interest via MERS, track first payments for 1098 purposes and track trailing documents with the assistance of the imaging platform.