Loan Officers and Loan Originators
Loan Officers and Retail Lenders control the bulk of all pre-qualifying credit requests and loan originations in the United States. Utilizing its strategic partner distribution channel, the Company will launch its Application Manager, a credit pull and risk data collection interface used by the Loan Factory underwriter. Together, the Application Manager and Loan Factory provide a simple and affordable solution to the inefficiencies that currently exist in the loan origination process for the Loan Officer. The issues of reprocessing, inappropriate product and price discovery, compliance errors and pipeline fallout are eliminated at the point of sale. The Application Manager and Loan Factory performs a significant portion of historically time-consuming and labor-intensive tasks quickly and efficiently, while at the same time, adding significant value and providing a positive customer experience. Effectively, this transforms the Loan Officer into an expert financial resource.
For the Loan Officer and Loan Originators, the ApprovalFinder™ suite of products:
- Reduces transaction failure during the underwriting process;
- Improves an originator ability to close loans through enhanced decision-making assistance provided by the ApprovalFinder™ platform;
- Enables originators to evaluate a clients entire financial picture and to select loan programs based on a variety of client-specific inputs.
- Improves price discovery and market liquidity with its ability to aggregate industry participants and provide transparent, interactive price and product information;
- Provides import / export of customer data to popular Loan Origination Systems (LOS) via Fannie Mae 3.2 file format
- ApprovalFinder™ version 2.0 is available now.
